During 40 years of market trading, I learned a truth. The “fat and the lazy” are never able to make profits outside of a “no-brainer” market.
PSE Inc. had a profitable time too. In 2010, revenues were P822 million, and the Earnings Per Share amounted to P6.83 with the share price closing at P152 from the 2008 close at P56.25. By end 2013, revenues topped P1.5 billion and the EPS hit P11.53. As of year-end 2022, revenues were high at P1.6 billion and EPS ended at P9.11.
Once again, stock price and volume are determined only by the Buyers, not the Sellers. Every morning thousands of department store employees at SM, Robinsons, Metro, and all the other malls wait for Buyers just like at the stock market. No buyers means no business, just like on the PSE. Therefore, a Buyer asks the question: “Do I believe the price will be higher tomorrow?” If not, then no buying and the result is no price movement higher and no volume. Combine that with normal Selling and “Welcome to the 2023 PSE.”