The Philippine Stock Market continues its nosedive due to panic selling and the
Covid 19 scare. According to consensus, the Philippine Composite Index
will hold the 6,000 level. However, the market almost touched the 5,000 level.
The Philippine Stock Market has solid support at the 4,000 to 4,500 level. In other
words, anything below the 5,500 to 6,000 level is the "best buy."
Moreover, Covid 19 virus seems to be overrated with a low death ratio compared
to the total number who got infected. And looking back at our history, these
"scary golden moments" are an opportunity for the bargain hunters.
Lollipop Money is eyeing for solid stocks such as ICT, GTCAP, AC, and JFC. These
few stocks have been relatively expensive for the past few years and acquiring
them at this point is a great deal - even if the market will fall even more
in the coming days, it will be fine since the buyers know that they bought
it at a good price already.
Jollibee: Buy below P140
ICT: Buy below P90
AC: Buy Below P600
GTCAP: BUY Below P600
Equally important, one of the best "bet" is to buy FMETF instead. FMETF offers
a complete diversification and toughness through this rough markets.