Dear Tsupiteros,

After giving it much thought, I've decided to migrate my blog to Twitter and Facebook. Effective tomorrow, Jan 21, 2013, you can now view my blog at either:

Facebook - http://www.facebook.com/groups/tsupitero/

or

Twitter - http://www.twitter.com/mikosayo/

Sorry Tsupiteros, I will no longer update any of my web pages effective today. This website will now just remain a static website for those who would like to know what Tsupitero.com is all about. I'll try to clean up this website one of these days when I have the time. All updates and announcements on Tsupitero.com will now be posted in either Facebook or Twitter.

Regards,

Miko Sayo

TEL saved the market. Looked impossible just a couple of weeks ago but are we now looking at 6300 soon?! This market is simply destroying all the remaining bears alive.

I'm no longer that bullish in the mining sector at this point. I think it's quite over-heated in the short-term already.

One laggard sector that may have begun to trend up only today though is the Oil sector.

Time to sell Mining and shift to Oil?

I don't think anyone saw that move of GLO. I didn't even know that it was still listed (haha).

Chucky pushing LMG to sell at a higher price? Or is this a possible CHIPS in the making?

Someone flipped my beloved TA in Nieves in the last two days. Congratulations to you but you are going to buy higher! (haha)

After what happened to SLI yesterday and ARA today, 3rd liners will probably cool down again for now, except maybe for a handful of exceptions. Notice that all the top losers today were 3rd line issues. Is ZHI the exception?

Mining is still the theme of the market right now with PX leading the way. I'm looking at Gold and, if I'm not mistaken, it looks like it's going to break 1700 very, very soon.

What the hell was that all about in TSI?

So far, 6000 is holding. Whew!

Congratulations to those who followed my recommendation in DNL yesterday in my newsletter!

After the God of Stocks, ARA suddenly came to life and was the next ceiling. There must be news forthcoming in that one. Funny that some basuras started popping after lunch after seeing ARA and SLI move before lunch. At the end of the day, only the ones which had a real story survived. Despite P75 million traded, I'm not even sure if there was anything about SLI's move today or was merely played out to make a quick buck.

Trick question: After CPG, ARA and SLI, what comes next?

News came out today that PX's fine of P1 billion is now final. The news gave an excuse for the longs to take profits. In reality though, I believe the news was already built-in into the price. People who bought from 12.50 to 18.00 knew that there was a possibility that the company will get fined. In 2011 alone, PX made P5.8 billion in its bottom-line and, as of its last report, currently has P2.7 billion in cash, thus, a P1 billion fine shouldn't be much of a problem to them once they resume full production.

My wish for 2013: PHN/TA is the next AEV/AP

Could 6140.72 be it?!

All of a sudden, the mining sector is now alive and kicking. Be careful though, I think a short-term peak is now just around the corner.

ZHI has once again re-asserted itself and has once again shown why he is the God of stocks. In my opinion though, it might have flown too fast, too soon.

Anyone noticed PHN today? Unknown to many, PHN is actually the mother company of TA. If I'm not mistaken, PHN own around 25% of TA. Thus, if you like TA, then, you ought to like PHN too. :-)

Take out that cross transaction in BLOOM and foreign funds were still net buyers today by more than P400 million. Bulls better hope these foreign funds don't stop buying. For this January alone, foreign funds were net buyers by P4.2 billion. Wow!

The big story of the day was the resurrection of the God of Stocks, ZHI! ZHI has always been a backdoor-listing candidate, however, could it finally be real this time around? Or, was today's move simply a sympathy play as all the other Lolo stocks have begun to move already?

Maybe it is even MIC, which is the "real thing"?

My favorite stock right now, TA, continued to shake the weak hands today and are being replaced by the stronger hands or so it seems.

Another one of my favorite stocks at the moment, PX, continued to be very strong today. It would be interesting to hear what MVP will announce next as the price action of the stock is certainly indicating that the resumption of its production will be well ahead of schedule.

Chucky seems to be panicking in his stocks. He might be scared that he will not be able to sell at the highs. :-)

Remarkable move by DNL. I've noticed recently, all IPOs which performed rather meek in its first few days of trading, just hold it and you get rewarded a few weeks after. Of course, they may no longer hold true if the bull market ends.

With almost everything now very high, the market has finally begun to shift to the laggard mining sector. That's seems like a logical move. You may ask, but why isn't Jap stocks moving? That's because Jap stocks aren't mining stocks. They are Jap stocks. There's a big difference. Of course, at some point, Jap stocks should start moving as well. Every dog has its day.

From the way PX has been behaving recently, I would tend to think that its production will resume sooner than later. From the way I see it, if you buy PX at any price below 20.00 and hold it until the company announces that they have begun to produce again, you should make money.

My TA is continuing to form new highs once again. Contrary to what some people think, TA is actually trading at a new all-time already right now, that is, if you adjust the price on its stock rights offering held last year. Tsupiteros selling TA now and long-term traders buying it, I'm guessing.

Market continuing to form new all-time highs. I'm getting worried cause I have friends and cousins, who don't play the stock market, are suddenly interested in investing.

Market finally corrects after 7 consecutive up days in a row. Would you believe, even if I took out all the block sales, foreign funds were still net buyers today?!

I see some stocks that may have peaked in the medium-term already, I'm guessing of course - PIP, EW, MEG and SM.

Ironically, I also see some stocks that may have bottomed-out in the medium-term as well - CPG, NIKL, PX and CPM.

BLOOM was downgraded by Deutsche to a "hold", while upgrading BEL to a "buy", rightly so, I believe.

Despite the weakness of the whole market, my TA continued to form new all-time highs today. I guess Valuequest is a dealer account, with the way he plays the game.

For the last couple of weeks, I have been thinking and thinking of how to trade an overbought market without getting scared that you are already buying at the peak. My solution has been to buy issues that you are really committed to and that you would not get scared to hold on to even if the market drops.

There is one particular stock that has been neglected by the market for the last couple of years but appears to be ripe now - TA. It has been a very long time since I have promoted any stock in the market but this one seems to have all the ingredients to be a "sure thing" so I'm staking my reputation here. :-)

EPS - P0.18

P/E ratio - 7.6x

Book value - P1.70

Fundamentally, it is extremely cheap. I don't know of any stock in the market that even comes close to this one.

What is the storyline? TA is primarily a power company with some investments in oil. While low valuations itself may push the stock price higher already, the main trigger of the stock will be when the Maibarara Power Plant which will start commencing operations by October 2013. TA has a 25% stake in this project. If you are willing to hold this one for a longer-term, you might want to wait for the power plant in Calaca, Batangas to go on stream in the 3rd quarter of 2014. These two projects alone will significantly increase the bottom-line of the company. Its oil exploration business is just a bonus for the company if ever they are able to hit gold, black gold, that is.

What about its technicals? Below is the current chart of TA.

The chart above is a 7-year weekly chart of the stock. Notice that prices have just broken above its long-term channel (blue solid parallel lines). Notice also that the stock is now trading at its highest weekly volume ever. By these two indications alone, you know something extraordinary is already happening in the stock. All-time high of the stock is just a mere P1.41, which was last seen in Oct 2007. If the stock is able to breakout above that level, there won't be any more resistances left aside from those who bought down below and will be taking profits.

My 6 to 12 month target - P2.00

I knew CPG already formed a bottom but 1.76? Wow! I certainly did not see that one coming in this run yet.

Correction in MEG and MPI was expected.

PRC today was LMG yesterday? I guess "they" just hit all the way to the ceiling so that there would be people who would buy once they started distributing on the way down.

Nice breakout on PXP today. Obviously, that one is confirmed to have bottomed-out already in the medium-term.

MRC is still in a reverse bull market. Anyone saw that huge cross in EG? More shares to destroy the stock?

Lopez are now in play once again.

Our market still on steriods. Bulls better hope the spell doesn't wear out soon.

Once again, we the best performing market in the entire Asian region today. No one even comes close. Why? Foreign funds poured in P1.7 billion in our market today. These foreign funds are certainly seeing something in our market that I don't.

Parabolic spike now in MEG as foreign funds become very aggressive. I'm certainly not touching that one at current levels.

Another stock that I'm definitely not touching is LMG. Is that's Chucky new baby?

Could SMC finally have bottomed-out already at 100? Another one that seems to have finally bottomed-out as well is CPG at 1.38. Actually, even the entire mining sector appears to have bottomed-out. Yes, maybe even those awful-looking JAP stocks.

The US was able to avert the fiscal cliff (for now) and a relief rally occurs in world markets, ours included. So, are the markets out of the woods already? Well, there is still that issue of the debt ceiling...

What a move by TA today?! Could this finally be the beginning of a revaluation of the market on the stock? It's about time! A new all-time high in the stock is just a mere 8 cents away.

ABS was another very good performer today. As election draws closer and closer, prices of this one should climb further still until the market discounts it fully.

SMPH's behavior is certainly quite peculiar. While it is trending up like the rest of the big caps, it has a completely different cycle.

Anyone noticed JP Morgan in GTCAP? He sold 80k shares at the lows last Wednesday and bought back almost 180k shares at the highs today. WTF?

I updated my proprietary Tsupitero Index over the weekend. I took out AT, DIZ, DMC, ICT, MPI, NI, ORE, PHES and SCC. I replaced them with ABSP, APM, CAL, ELI, JGS, LPZ, LTG, PIP and RLC. To view the updated chart, click here, TSUPITERO Index. By the way, the index was up by 36.62% last year.