Again, Businessworld research recommended PLDT (TEL) as a buy on March 19, 2007. I agree. Actually on March 21, it was a buy, using divergence indicators. Probably, Business world researchers are using RSI as indicator, because using it, and some gut feel that is based on fundamentals, PLDT is really a buy.
Now, when I say TEL is a buy, it meant that if you don't own the stock yet, you should consider buying it. Or, if you own the stock, and want to purchase some more, then this is the proper time to do it. June 30, 2006 (TEL was at 1800) was a better time though. Last Friday, it closed at 2495.00. Too pricey from nine months ago.
I sold mine last February for 7.33x profit. No regrets.
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