Monday, January 4, 2010

MRC Strikes Again!

In Philippine stocks today, MRC does another rally by jumping as high as 46% before settling to its closing price of 0.67. It's a wild chase and luckily I made a little money by selling some of my low-performing stocks to accumulate more MRC. While the chase continues, the company issued another disclosure to PSE denying the rumor of Lucio Tan Jr. entry in MRC board. Maybe this disclosure triggered the minor correction and slowed down the rally. Nevertheless, I know many lucky traders out there who persistenly join the chase were very happy right now!


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