Thursday, September 16, 2010

Trading Journal: PIP (September 15, 2010)

Figure 1: PIP Price Chart
Information:
Date Bought: September 15, 2010        Buy Price: 2.82

Reason for Buying:
- It formed a reversal candlestick pattern (hammer).
- It is already at the oversold area of my indicator.
- There will be a cash dividend of  P0.10 per share. (Ex date September 21, 2010).
- South Korea's Lotte Chilsung Beverage Co. is buying 34.4% shares of PIP.

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