New Trading System called PAM application reviewed!

I was keeping an open mind on this until the actual implementation day to give my feedback.  At last Friday and Saturday’s rehearsal, various complaints about the system hanging were sent my way.  I heard that the bandwidth per PAM application takes up about 40 kbps, so some leased line connections that subscribed only 128kbps could not go for over 3 terminal connections.

But the PAM launching pushed through this Monday, and with only very few hang ups and glitches at the pre-open, the PSEi was able to open successfully using the new software!  It turns out, Online brokerage systems and trading platforms Technistock, Citiseconline, Accord, and Wealth, did not have to change their platforms’ appearance.  The change was done internally, just to adapt to the new fluctuation and trading hour rule changes, leaving the interface 99% true to their old versions.  Sadly, that was only for those platforms which were used by the investing public.  Majority of the brokerages that “Carried” the volume of trading were at the mercy of the new PAM system.

Richard Russell’s July 9 reversal: in the hot seat

richard russel dow theroyLast October 2008, we put CNBC’s arrogant Jim Cramer on the hot seat with our article on his previous calls.  We mentioned that, “On a personal note, I grant some large leeway, personal respect and objectivity when some media personality, local or otherwise, give their forecast.  It’s a forecast, it’s their intelligent guess as to where the markets are headed, and their bravado to call this in public merits some kind of respect in my book.  But arrogant people like Jim Cramer who even ridicules others against his views and makes such a big deal about how right his calls are belongs at the bottom of the pile.”

RP Investor Confidence in Q2 2010 Surges to Highest Rating in Two Years – ING

ING Investor Dashboard Sentiment Index for the Philippines reaches 157 in Q2 2010, buoyed by strong remittance trends and transition to new administration

Key Highlights of the Quarterly ING Investor Dashboard Survey

  • The Philippine index is in the optimistic zone for the fourth consecutive quarter, hitting an all-time high of 157 in Q2 2010 from 139 in Q1 2010
  • The Philippines ranks as the second strongest driver of Pan-Asia (ex-Japan) sentiment and registered the greatest degree of positive change in overall investor sentiment
  • Most Asia markets (ex-Japan) are more pessimistic in Q2 2010 than Q1 2010 in terms of local property price. The Philippines is an exception, with the greatest increase in optimism towards property prices.

New Trading Fluctuation Rules may not necessarily make stocks harder to move

There is much Chatter as to how the new trading fluctuation rules may make stocks harder to move up or down due to more fluctuations needed for a stock to travel and hurdle.  I surmise that sure, upon implementation of this new system, new rules, new fluctuations, volume will most certainly decrease due to familiarization factor, probably for a month, but not due to the change in fluctuation values, and price ascent/descent may be more or less the same.

Let’s give an example:

OLD VLL FLUCTUATION

______BID_______________________ASK
2,000,000___2.50___________2.55__5,000,000
2,000,000___2.48___________2.60__3,000,000
2,000,000___2.46___________2.65__3,000,000

Pardon the long underscore lines ( ________ ) as I need to put them because alignment will come out different in various browsers, resolutions, o/s if there were no lines to set the delimitation.

PSEi new trading system and rules NTS PAM

(from citiseconline email)

Effective Monday 26 July 2010, the Philippine Stock Exchange will be implementing the new trading system with a new set of trading rules, as part of their commitment to enhance the trading experience and support systems for all investors, trading participants and PSE support groups.

In line with making such changes, COL will need to bring down the website from 3PM on July 23 (Friday) until July 25 (Sunday) to make the necessary changes and run testing with the PSE. All pending ATO and GTC orders will be flushed clean and will have to be re-posted by you on Monday morning July 26 at 9AM+.

Below are important changes to the Trading Rules that immediately affect your trading activities with CitisecOnline under the new PSE system:

Forbes 40 Richest Men in the Philippines 2010 list

TWENTY billion dollars is how much a large USbank had to return to the government after receiving bailout. It is how much a giant oil company will pay victims of the recent oil spill. It is also the total net worth of the 40 richest people from the Philippines.In its 2010 list, Forbes Asia Magazine showed the Philippines 40 richest individuals’ total net worth rose a hefty 39% to $22.8 billion from last year’s $16.4 billion.

The Philippines ’ upbeat economy and its 17% uptick in the stock market both contributed to the growth in wealth of the country’s 40 richest, a recent Manila Bulletin report stated, quoting Forbes Asia Magazine.

Finance Manila Absolute Traders Get Together with Investor Friends

P1030024.jpg picture by financemanila2Guests Listen on to First Metro Investment’s outlook

What a week that was, after several weeks of planning with our friends at Absolute Traders, we were able to come up with a very special event that was enjoyed by most.

PROLOGUE

I must admit, the past big gatherings stressed me out a lot, as most of the preparations (finding venue, booking venue, commitment, headcount, front door guest list paying/receiving, emcee, food coordination, speech, etc.) were done by me.  It did not help that I was recently diagnosed with GERD (Gastro acid reflux something!) which the doctor said was stress related.  I’m really not that much stressed in stocks lately, so I surmise it must have been 3-cups-o-coffee-a-day related.  Anyhow, it was such a big thing that Absolute Traders virtually took over the administrating and organizing the event, and finding the sponsors and event presenters!

Richest Philippine Politicians

Las Piñas Rep. Cynthia Villar, wife of losing Presidential Candidate Manny Villar, retains the richest lawmaker status in the House of Representatives, just as her husband who is the wealthiest senator in the country. Villar’s net worth as of Dec. 31, 2009, stood at P947.883 million, down from P1.046 billion in 2008.

The four Arroyos in the House are also among the most well-off among their peers since they are included in the top 30 richest among the 270 members of the House, according to the records of their assets, liabilities and net worth they submitted to the chamber.

The second-richest lawmaker is Leyte Rep. Ferdinand Martin Romualdez, who has P477.263 million in assets and no liabilities. In 2008, his net worth stood at P477.205 million.