Most of the Traders will follow the saying "Sell in May and Go Away". For Value investor, this is the time to accumulate stocks for long term duration. Many technicamentalist and chartists predicting that the PSE index will hit 7400 as 200 Moving Average Price level, this means that you don't buy until the said level touch.
I have seen the market in the past, ups and downs, bear and bull, victories and failures, gains and losses, this is a mental toughness game. See the result above with 105% gains, that was really an excellent bottom price picked.
2 weeks ago, I already mentioned in the PAMers forum and PAM Chat official that this is not the right time to play with the market, I stayed on the sides and many PAMers followed and I'm happy with that. Of course, other Gurus recommended already few stocks to watch and to buy, sorry probably you will be one of their "IPIT" followers.
I have few rules before I recommend a stock:
1. Global Market Conditions - you need to look at the movement of other stock index in the neighboring countries, oil prices, FED announcement and inflation rates. This will help you understand the direction of PSE index.
2. Company good and bad news - this will give you the idea of traders move. Check the past months buying and selling.
3. Watch Lists and Entry Point - watch the movement of stock in the past few days before buying because probably the downtrend will not pause yet. The calculations will be an additional 5% declined once the index touched 7400 level.
For entry point, we revised the PAM Table entry point on PSE Alert:
If you want to know a validated entry point, download the app here : https://play.google.com/store/apps/details?id=com.athanruiz.psealert
Keep yourself on watch for the stocks that have a strong fundamentals and wait for the market to calm down.
P.S. FOR SIR WARREN BUFFET STYLE OF PICKING STOCKS, HERE IS THE LINK : https://www.youtube.com/watch?v=ECyRpS9sy-E
"TOGETHER WE CAN ACHIEVE FINANCIAL FREEDOM"