I OVERSLEPT. My friend would have killed me if he sees me tomorrow, thinking that I somehow have managed to stand him up twice now. When he called me, he was raging mad and I came up with one of those lame excuses – it’s Ninoy’s day.
Freaking hilarious.
In the afternoon, I was watching the Viva Entertainment copy of The Stone Cold Truth. It basically featured the ups and downs of the Texan Rattlesnake’s career, from his early stint in American football to his last match against the team of Eric Bischoff in one of those pay-per-views. It was quite emotional, and Stone Cold ended it by raising two cans of Steveweiser and showing the four-letter hand sign in the air.
Oh hell yeah. Fear not, Stone Cold die-hards. Probably in the next few months, you will see Steve Austin back on the ring again. You see, no one has the biggest statement in the industry and no one has quite mastered his act than Stone Cold. Just as he used to say, “ F*ck Fear, Drink Beer.”
WWE has virtually owned the professional wrestling industry. I wonder if there are small wrestling companies who joined forces and filed an anti-trust suit against Vince McMahon and his board when his WWF bailed out a declining Ted Turner’s WCW. Since then, McMahon’s family controlled business has always made a huge statement on sports entertainment. Just try checking its ticker in the market, and you will see what I mean.
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I checked the PSE website a while ago and was not surprised that the commercial/industrial index was really bullish. There has been news that we have imported more telecommunications facilities from the United States and Japan for the last months. In other words, these telecom companies are anticipating an influx of subscribers and an expected growth is apparent.
When I visited Globe Telecom page, it was optimistic of bolstering its second half’s earnings and was all set for the inevitable growth in telecommunications industry. However, the prices of the stock did not quite reflect such. Honestly, I did not do my assignment so there’s no point in making other assumptions.
In contrast, the property and mining sector was showing those red pointers. I made a statement that with the oil prices going up, there is a probability that Central Bank will compel interest rates to soar and could do harm to the robust financing activities of various sectors. Could it be that investors of property and mining sector are taking the leads? Perhaps. What is certain, however is that traders could come up with profit taking in the next few weeks with the height of the global oil prices. But who knows, we may see an oil bubble coming.
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Yes, Google, Inc. (its ticker is GOOG) is unstoppable. Just this afternoon, it posted an 18% increase in the price, and analysts are positive that this will remain for the next few days. When I scan the charts of Google for a 2-day trading, it is still looking up.
I think it would be days before the mark-up phase will end. So long positions is appropriate at this period. However, keep in mind that the cycle of an Internet company is usually as fast as a DSL connection. And remember, days after IPO the crowd goes wild and when it is over, it stabilizes. Just like infatuation, it is temporary madness.
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