Sunday, March 15, 2009

MER shares - sold!

Finally some good news on the financial side. We were finally able to sold off our MER shares with a nice profit at hand. Took a while to get it up to the price that we wanted it but after almost holding on it for over a year or so, and after getting a couple of stock dividends, finally we sold the shares at 106 a piece.

It's a nice profit considering the MER share was down to 60 at one point (or even lower perhaps? As I have not been monitoring the stock market ever since "recession" came into place).

Thanks to Pangilinan, Ang, Lopez and whoever's fighting over buying Meralco. This catfight was indeed advantageous to investors (well, at that point in time anyway). The stock will eventually correct after this whole issue calms down.

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