Accumulating Shares of Ayala Corporation

AYALA CORPORATION price is so irresistible this month, Marginal Stock Trader needed to hike his stock trading equity for the second time last June 26 by another 3,000 pesos to build a total stock trading equity of 9,500 pesos.

With cash available, he bought another board lot of 10 shares for a total inventory of 30 shares with an average entry price of 299 pesos per share under his stock portfolio.

Date	No. of Shares	Total Cost	Average Entry Price	Comment
6/2/2009	10	3,150	315	Entry price is the highest closing price for this month to date.
6/18/2009	10	2,875	301	Entry point is ex-dividend date.
6/26/2009	10	2,925	299	Week 26 moderately indicated a RESTART. This signal is used to spot when the stock is likely to end its Reaction/Correction and resume its main trend.

Marginal Stock Trader has a total of 8,950 pesos for his stock position and 550 pesos for his cash position that is just enough to cover for the monthly maintaining Average Daily Balance of his BPITrade account.

We still affirm and abide by our decision made in a previous post Long Position in Ayala Corporation based on the signals exhibited by indicators, trend channels, and price support and resistance levels relevant to us.

Have we made a sensible decision? Were the indicators sensitive enough to detect the trend for the next couple of weeks? We will find that out by the end of July 2009 in accordance with our time-stop strategy mentioned in a previous post Developing Day Trading Strategy for Stocks.