when it rains, it pours

I started my day trade late in the morning for an important errand. An errand that lightens my pocket.

The sky was overcast and a shower was in sight. time check 9:30am..Recollecting my picks..SGI and PRIM...all is well. I can leave them for awhile.

...and off I went.

SGI was all time the same maneuver...the forces don't want to move the price just yet. It doesn't go above 1.43 nor go below 1.40..it's a good sign for me. Stabilizing a certain base to take off. I still have my expectation of a rally from 1.50 with volume. I can sell at 1.60 with a hefty profit but higher than that is more favorable...depends on the circumstance over which I still have a control.

PRIM...if not from a distinguish trader and a blogger himself whose worthy of my attention I could not have put my money into this stock. The way he sees things helps me find out more opportunities and makes my mind fly to the ends of what my mind desires until I conceive that there are good things somehow what he is talking about PRIM. To cut short, I have PRIM same rationale as to why he also have. To add:

PRIM is 80% owned by MPI

who chaired MPI? ....MVP! you do the math
I have PRIM since Feb.

I encourage everyone to follow his blog as he does not only teach WHAT to trade but WHY? and showing how in trading can teach us to even apply to our simple daily undertakings (when many dealt it complicated) thus bringing out the better, if not the best, in you.

http://1kagemusha.blogspot.com/2012_07_01_archive.html

Although PRIM eventual action is delayed, I guess this will be a good chance to slowly accumulate when the company is very transparent in their plans through the release of disclosure:

In reply to your letter dated June 20, 2012, below is the latest update on the plan of Prime Media Holdings, Inc. (PMHI) to bring its stockholders' equity from negative to positive. ". . .Prime Media Holdings, Inc. continues to pursue its plan of cleaning up its books and the transfer of assets to PDIC/BSP as new investor's interest will only follow upon successful completion of activities. Prior to a possible equity infusion from new investors, activities are estimated to have the following impact on the capital deficiency: Capital Deficiency as of March 31 2012 (P853 million) Clean-up of books 133 million Conversion of intercompany advances to equity 631 million Net Capital Deficiency (89 million) Net Capital Deficiency will be reduced to a more manageable level of only P89 million which would make it attractive to possible investors to acquire the listed shares and infuse fresh capital to reverse the negative equity position. . ." Please note that the company's ability to raise new capital by pursuing discussions with third party investors highly depend on completion of the clean-up of the books and transfer of the assets assigned to PDIC and BSP. The transfer of the assets to PDIC and BSP requires more time than anticipated due to causes beyond our control. Processing of documents in government offices such as the BIR, Assessor's office and Registry of Deeds has taken longer than projected. Barring any unforeseen events or developments we hope to accomplish the updated plan by first quarter of 2013.

Day traded CAL

Bought at 9.41 sold at 9.38

It's still raining...and I don't want to get wet