Isn't it amazing that only one good news about the discovery of a "possible" natural gas deposit by a company can make the stock soar to 30% - 50% in just 1 day. I don't know about you, but if you're still buying into this company, just basing by that news, you're on your way to the rag house.
People who buy and sell because of news like this are the impatient ones only after the big bucks. Just take a good look at it on the newspaper... They haven't even started drilling yet. Heck, they're not even 100% sure that there are resources there. There's a high probability, but no one started drilling yet, processed the resources yet, transported it yet and sold it yet. And yet, the stock price soared, making an increase of 30% in its market cap. Its ridiculous. Its funny. And entertaining to say the least.
PXP and PX are great companies no doubt. But the price of its share today with regards with its balanced sheet is absurd considering the increase. You need to have a huge growth rate to accommodate that rise in share price.
Rumor has it, that MVP is trying to buy GMA7 but it seems like the current shareholders of GMA7 won't want to sell it without a premium of around 49% to MVP. If MVP manages to buy the said network, that would add another "basic need" that we need from his vast empire. How long before I became a Manny Pangilinan is still left unknown.
Also, MVP's flagship company MPI together with Ayala Corp will develop the new light rail. Since all businessmen in our country are busy building this and such, I'll proceed with my work so I can earn more to invest in the stock market.
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