The PSEi closed today's trading session at 1,953.49 points. The psychological 2000 level was broken.
I don't see this as a surprise and I don't think anyone who has been watching the market lately would either. We had it coming. While it is nice to see markets rise, I think that it is in times like these that the real opportunities arise.
Not all who see the opportunity can afford to take advantage of it while not all who can afford to take advantage of it can see the great opportunity.
Lots of stocks are cheap and getting cheaper. Caution is necessary as many stocks cheap for a reason. Finding the diamonds in the rough is the key. Common sense makes simple and strong business attractive, specially the ones we are very familiar with as Filipino Citizens.
I like MWC, JFC, RLC, BPI, PX, TEL, SMC, BDO, ALI just to name a few...
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