TODAY’S HEADLINE – Duterte tags Ayala, Pangilinan for corruption, syndicated estafa

President Rodrigo Duterte on Monday accused the chairpersons of Manila Water and Maynilad of corruption in connection with what his administration called “onerous” water concession contracts.

In a speech, Duterte indicated that violations of the Anti-Graft and Corrupt Practices Act could be found in the concession agreements signed in 1997.

“‘Yung nagtatanong kayo, saan ‘yung big fish? Saan ‘yung mga corruption, saan ‘yung malalaki? O, ideliver ko na sa inyo ngayon. Si Ayala pati si Pangilinan,” Duterte said during his visit to earthquake victims in Cotabato. READ MORE

WHAT WILL YOU DO WHEN THE MARKET OPENS?

Firstly, BUY THE RUMOURS and accept the fact that its real and you need to watch the market attentively.

BY INVESTOPEDIA VIEWS

Two savage bear markets within the first decade of this millennium have made many investors question the wisdom of adhering to a “buy and hold” strategy for stocks. Although equity markets may display a sustained upward trend over long time periods, it’s the intermittent tailspins – such as the 50% plunges endured by most major markets during the 2008-09 global credit crisis – that test the fortitude of any investor.

Trading the news, then, should be an integral component of your investing strategy. While day traders may trade the news several times in a trading session, longer-term investors might do so only occasionally. Regardless of your investing horizon, learning to trade the news is an essential skill for astute portfolio management and long-term performance.

MARKET REACTIONS – TECHNICAL CHARTS

PSEI is struggling the break the MA200 and it looks like the PSEI will continue its consolidation
These 4 companies will react to the above headline by the President of the uncertainty of these companies and many; expect volatility

KEY TAKEAWAYS

  • Download your shares as soon as you can and avoid the fall
  • Look for opportunities when the market reacts positively
  • Holding on these stocks will dilute your value
  • Keep you eyes on other co-related Stocks

JOIN US FOR OUR UPCOMING CLASSES AND LEARN MORE – REGISTER HERE

FINWAZE TEAM

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