Short Stops

DISCLAIMER: This podcast recording was initially intended as a full video uploaded on our official YouTube channel. You may hear the speakers refer to slides or images during the stream. If you would like to view the original video, please click here to be redirected: https://www.youtube.com/watch?v=-n8LA7jwRNg

Hosted by Edmund Lee, President & CEO of the Caylum Trading Institute, Short Stops is your weekly stock market update featuring the top trading news, tips and stock picks in Metro Manila and around the world.

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“People think that economics is all about money but in reality, economics is all about human behaviour.”

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Shifting the podcast to a higher level with Edmund and Jason on video as they take a look at the huge gap between what Wall Street is telling you versus what Main Street is warning you. Topics covered include:

1. The Stock Market is not equal to the Economy

2. Where is all that printed money going?

3. A Comparative Analysis between the US and the Philippines

4. Government & Consumer Spending - or the lack of it.

5. The Rise of Robinhood’s Merry Men & PH Retail Traders

6. Dissecting the concept of “Risk-On / Risk-Off” for new traders coming into the market.

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Get your next trading insight and find your baggers right here on Short Stops. Powered by the Caylum Trading Institute.

www.cayluminstitute.com

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Record Date: JUNE 17, 2020

Introduction Clip: Money Heist (Netflix)

DISCLAIMER: This podcast recording was initially intended as a full video uploaded on our official YouTube channel. You may hear the speakers refer to slides or images during the stream. If you would like to view the original video, please click here to be redirected: https://www.youtube.com/watch?v=4KsiEjCPquQ

Hosted by Edmund Lee, President & CEO of the Caylum Trading Institute, Short Stops is your weekly stock market update featuring the top trading news, tips and stock picks in Metro Manila and around the world.

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“You don’t want to be short-term trading based on valuations at these times.”

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This has been historical for everyone. New developments, new experiences, and extraordinary measures are being taken by countries every moment. COVID-19 is very real and this is not something can be ignored so Edmund will be joined by Jason and Zarr for a special podcast / video chat to emphasize how we must all adapt to the current situation. This is our take on what is happening today.

- We know that there’s been a multitude of information regarding COVID-19 and its global impact as well as its effects on financial markets. We’ve spent the past few weeks combing through as much reliable data as possible, so here are the summary points that we feel are worth highlighting from the Caylum analysts.

- What is the difference between a recession and a depression and why we fear the latter. The real question we need to focus on is, realistically, how long will this have an impact on the economy?

- The ongoing credit crisis and why this is important for you to understand. Listen to the discussion on forced liquidation and margin calls.

- There is always going to be an opportunity. These are times to be cautious, not overly optimistic. “It is better to be late than early at this point.”

- An overview of our thoughts on the Philippine market.

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“In Apollo 13, the mission falls apart. The control room is chaos. The Head of NASA approaches the Director and says, "This could be the worst disaster NASA has ever experienced."

The Director answers: "With all due respect, Sir, I believe this is going to be our finest hour."

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Get your next trading insight and find your baggers right here on Short Stops. Powered by the Caylum Trading Institute.

www.cayluminstitute.com

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Record Date: MARCH 20, 2020

Introduction Clip: Interstellar (2014)

Hosted by Edmund Lee, President & CEO of the Caylum Trading Institute, Short Stops is your weekly stock market update featuring the top trading news, tips and stock picks in Metro Manila and around the world.

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In our attempt to forget about the past and to look positively into the future, Edmund has called on board our Head of Research, Zarr Pacificador, and Caylum coach, Bryan Gomez, to focus on some new and exciting developments for the Philippine market - the availability to invest in REITs for the public and the MerryMart IPO. Some of the topics discussed in this episode include the following:

- What are REITs and why are they worth a look-over?


- Investing in REITs vs. Buying Shares of a Company


- Reviewing the upcoming MerryMart IPO and separating the dream from the reality

- Breaking down the numbers


- The comparative possibilities between MerryMart’s IPO and Double Dragon ($DD)

Get your next trading insight and find your baggers right here on Short Stops. Powered by the Caylum Trading Institute. www.cayluminstitute.com

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Record Date: FEBRUARY 14, 2020

Hosted by Edmund Lee, President & CEO of the Caylum Trading Institute, Short Stops is your weekly stock market update featuring the top trading news, tips and stock picks in Metro Manila and around the world.

"Emotions can take control of the market in the moment, but eventually the market always corrects itself." - Mark Jason Mariposa, CFA

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There's a lot to take on as we ring in 2020 with a week filled with plenty of news and current events that have taken hostage of both the global and local market scenarios. It's easy to be stricken with fear when issues become unpredictable and nothing is certain so we invited one of our CTS Global analysts and Caylum coach, Jason Mariposa, to join us and share what he knows, what he doesn't know, and his thoughts on what could happen in the short-term regarding the following topics:

- The escalating tensions between Iran and the United States and how multiple clashes in the past have affected the market

- Is it truly an event-driven sell-off if it affects the fundamentals? A case study of the water concessionaires in the Philippines.

- A look into Philippine Offshore Gaming Operators (POGOs)and the stocks that are both directly & indirectly affected by this issue

- What do we do now? Choosing between the steady but highly valued companies vs. the distressed but potential opportunities

Get your next trading insight and find your baggers right here on Short Stops. Powered by the Caylum Trading Institute. www.cayluminstitute.com

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Record Date: JANUARY 8, 2020

Hosted by Edmund Lee, President & CEO of the Caylum Trading Institute, Short Stops is your weekly stock market update featuring the top trading news, tips and stock picks in Metro Manila and around the world.

"You never see yourself as a finished product." - Chad Pacheco

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In the premiere episode for Season 2, we finally come back together to dissect and analyze the current environment of the Philippine stock market - one that has become what feels like an endless waiting game. Edmund brings into the conversation fellow Caylum senior coaches, Leonard Chua and Chad Pacheco, who have managed to keep their respective trading teams at the firm afloat this year, all the while adapting to whatever the market tide rolls in.

- The main question on our minds - is it different this time? What exactly is really happening to the PH market? Is there hope?

- Discovering your edge and finding the difference between surviving and outperforming.

- Aligning every trade that you make with the right objective. Is it to make money or to satisfy your need to be right?

- Is a trading system enough? On the other hand, is trading psychology enough? Looking for the key takeaways that a sideways market has to give.

Get your next trading insight and find your baggers right here on Short Stops. Powered by the Caylum Trading Institute. www.cayluminstitute.com

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Record Date: NOVEMBER 26, 2019

Hosted by Edmund Lee, President & CEO of the Caylum Trading Institute, Short Stops is your weekly stock market update featuring the top trading news, tips and stock picks in Metro Manila and around the world.

“Only when the tide goes out do you see who’s swimming naked.” - Warren Buffett

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Short Stops is back for a follow up episode to give you a glimpse of the roundtable discussions that our traders have been engaging in since the market turned around two weeks ago. There’s a misconception that the market has been challenging only in recent days but in reality, the PSEi is currently moving along the same level of 7,400 as it has been since May of 2013. This means that we’ve been range bound for about six years and Edmund, Charles and Leonard are on the show today to explain to you why this has posed as both a problem and an opportunity, depending on the lens that you view it from.

- Why is our market actually cheaper today than it was six years ago despite the same index value?

- Why there’s nothing really new to tell when it comes to the correlation of global markets with emerging markets - interest rates are still low, credit is still cheap and so on. This means that if you want to maximize profit in this market, you need to rely on technicals and sentiment more than fundamentals for the meantime.

- Is there a full blown crisis? Because everyone’s been talking about a crisis happening for the past 3-5 years.

- Stock selection is the ultimate key to making money in this kind of environment. Weak markets actually weed out the weak stocks and expose the alphas that you want to focus on.

- You need to keep an open mind. Everyone has a strong opinion about whether the market is going to go up or if it’s going to go down which is fine. Trade it the way you see it but you have to be quick enough to adapt when the market tells you that you’re wrong.

Get your next trading insight and find your baggers right here on Short Stops. Powered by the Caylum Trading Institute. www.cayluminstitute.com

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Record Date: May 21, 2019

Introduction Music: (credits to)Vodovoz Music Productions on YouTube

Hosted by Edmund Lee, President & CEO of the Caylum Trading Institute, Short Stops is your weekly stock market update featuring the top trading news, tips and stock picks in Metro Manila and around the world.

"Leadership is not a position — it is action. Leadership is character. We want leaders who are credible. We must be able to believe in them. This is sometimes referred to as the first law of leadership: if you don’t believe in the messenger, you won’t believe the message."

- Jaime Augusto Zobel de Ayala (Chairman & CEO, Ayala Corporation)

Very few stocks usually make it to almost every firm's list of top picks but Ayala Corporation ($AC) has been a timeless recommendation familiar to investors & traders - local, retail, institutional and foreign alike. Most traders, however, only really see a handful of what this massive conglomerate has to offer, so Edmund is bringing us straight into the head office to sit down with Mr. Paolo Borromeo, Group Head of Corporate Strategy & Development, and Ms. Celeste Jovenir, Head of Investor Relations, at Ayala Corp. This is a rare opportunity to get to know one of the most heavily traded companies in the Philippines and why it's not even close to slowing down after opening shop more than 180 years ago.

Relevant issues covered include:

1. $ALI - Property prices have soared significantly and Ayala Land is set to deliver 10 years of double digit growth. Take a deeper look into their strategy of geographic diversification.

2. $BPI & $GLO - A digital push is taking over the telecom and banking sectors and the transformation is taking full priority for two of their biggest companies.

3. AC Energy - Despite the fact that it has yet to list, this is one of the latest, foward-moving pillars of Ayala Corporation that the company has been aggressively pumping capital investment into. So what does it have to do with $PHEN?

5. AC Industrials & $IMI - A merger that was just the first step to developing an integrated automotive powerhouse.

6. AC Infra - Paving the way on their own terms.

7. AC Health - Why they believe that healthcare is one of their most important drivers to growth within the next decade.

8. AC Ventures - Investing capital funds into tomorrow's greatest innovations.

Get your next trading insight and find your baggers right here on Short Stops. Powered by the Caylum Trading Institute. www.cayluminstitute.com

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Record Date: March 27, 2019

Introduction Clip: (credits to) CNN Philippines on YouTube

Introduction Music: (credits to)Vodovoz Music Productions on YouTube

Hosted by Edmund Lee, President & CEO of the Caylum Trading Institute, Short Stops is your weekly stock market update featuring the top trading news, tips and stock picks in Metro Manila and around the world.

“You make sacrifices day in and day out to learn and improve, not knowing when success will come but you have to take the short term loss for a longer term gain.” - Tonino Gonzaga

We’re not here to talk about trading today - you have been warned. We’re here to delve into the minds of professional athletes and to find out what kind of conditioning it takes to achieve ultimate results. Dr. Brett Steenbarger, himself, wrote an article for Forbes that said, “The development of trading expertise is not so different from the development of elite performance in athletics.” Thus, we’ve brought in our star players, Kyle Dandan and Tonino Gonzaga, two of our graduates from the Caylum Recruitment Program and who are now traders under COL Financial’s Independent Financial Advisory group.

So while Kyle and Tonino talk about sports, we’re going to directly translate what they have to say into terms that our professional traders can relate to:

1. It starts with passion. Trading as a career must be voluntary, not forced. You cannot opt to become a professional trader just because it is the current trend, the market is up, or because people say you can make easy cash quick. With that kind of mindset, you will be out of the game within less than a year.

2. Preparation is everything. If you’re not ready physically, mentally and emotionally to trade, you’re never going to win.

3. You need a team, a support system to improve your skills and reach that level of performance. They will hold you accountable and they will look at your trades without bias.

4. Review your tape. We’ve said it time and again - keep a record of your trades, track your profit and loss, measure your statistics. Find your best and worst setups.

5. Ang pikon, talo. Nothing to translate here - ang pikon, talo talaga.

6. Slumps happen. You cannot just give up. Continue to be religious with your routine to improve daily because even if you’re not getting the results that you want now, the process will matter in the long run.

7. Accept your role and tame the ego. The Best Trader, the Superstar, the Champion - these are nothing but titles and labels that do not define the performance of your portfolio. If someone makes a windfall profit and you miss out, or others are particularly stronger when it comes to momentum plays and speculation, that doesn’t make you any less of a trader. The only person you have to compete against is yourself.

Get your next trading insight and find your baggers right here on Short Stops. Powered by the Caylum Trading Institute.


www.cayluminstitute.com

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Record Date: FEBRUARY 26, 2019



Introduction Music: (credits to)Vodovoz Music Productions on YouTube

Hosted by Edmund Lee, President & CEO of the Caylum Trading Institute, Short Stops is your weekly stock market update featuring the top trading news, tips and stock picks in Metro Manila and around the world.

“When you buy a stock, you’re saying, I’m smarter than the market - that the collective wisdom of crowds has not realized that this stock has opportunity. Then you have to believe that the market will eventually agree with you. Because if you’re right and the market never agrees with you, you still lose money.” - Joel Litman

Having been published in the Harvard Business Review for his piece entitled, "Give My Regrets to Wall Street" and as a top contributor of Seeking Alpha, Joel Litman has spent his career as a financial analyst reviewing thousands of reports in order to find the best companies that can bring his clients the highest value for their investment. While most market timers have the misconception that there is no place for fundamental analysis in trading, Joel is here to explain exactly why the two practices are so significantly related to one another.

- How the credit cycle impacts the equity cycle

- Why asset allocation is something you need to understand, especially as an active trader

- The billion-dollar investment philosophy that answers three major questions:

a. What is the market pricing in?

b. Where is the mispricing?

c. What is the catalyst that will allow people to see what you're seeing?

- Could there be a market collapse in the US?

- What is the major discrepancy between picking stocks in the US vs. picking stocks in emerging markets such as the Philippines?

- Why day trading isn't a hobby - it's a full time profession.

Get your next trading insight and find your baggers right here on Short Stops. Powered by the Caylum Trading Institute.

www.cayluminstitute.com

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Record Date: JANUARY 29, 2019


Introduction Music: (credits to)Vodovoz Music Productions on YouTube

Hosted by Edmund Lee, President & CEO of the Caylum Trading Institute, Short Stops is your weekly stock market update featuring the top trading news, tips and stock picks in Metro Manila and around the world.

"I can’t really blame most traders. In a bull market, no one cares about sentiment because almost everything you buy goes up. It’s only when the market turns around when people starting saying - oh, ok, there's something I don't know.” - Mark Jason Mariposa, CFA

Sentiment is an element of market timing that is often taken for granted. But the strength or weakness of our market relies on that very aspect and sentiment determines why global funds are either pushed into or pulled out of the local environment. They can fuel a rally or incite a major correction. For our first podcast of the year, we've called back our Macro-guy, Jason Mariposa, and Head of Caylum Research, Zarr Pacificador, to explain to us the following:

- Why foreign funds move the way they do between developed and emerging markets

- How greatly is the Philippine market affected by fund flows?

- What role does sentiment play?

- What is the current status of foreign funds in the Philippines?

- Looking forward into 2019, what strategies and types of companies should we be focusing on?

Get your next trading insight and find your baggers right here on Short Stops. Powered by the Caylum Trading Institute.

www.cayluminstitute.com

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Record Date: JANUARY 17, 2019


Introduction Music: (credits to)Vodovoz Music Productions on YouTube