The numbers aren't looking good. Prices went down again today at a convincing volume of over Php4B.I think the numbers are forming a pattern that may induce more dumping of Philippine Stocks.
Projections for our index last year were being thrown in as high as the 10k level and more conservatively at the 4k level within 2007. We're a far cry for there and it looks like the market wants to move even further.
I remember the saying "buy cheap, sell high." I wonder if this is such a time that stocks are "cheap"? When that panic button is hit, who will stand to benefit more? Those who run for shelter or those who stay and keep hunting for bargains?
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