HOT Foreign Buys

As we all know by now foreign investors were snapping up shares during the recent downturn.

Not that this had any effect on local speculators who kept dumping until the SCIC's famous announcement.

Now, while we do NOT know what SCIC is buying, we DO know what the foreign investors have been buying and selling.

Compiling the data over the past 3 weeks here are the top buys and sells by foreign investors during this period (with most of the serious buying during the last week).

BUYS TOTAL SHARES
=================
DPM 2,633,630
SSI 1,104,570
PVD 906,260
HPG 578,460
ANV 679,010
VNM 551,050
DHG 396,510
LAF 303,280
SMC 301,240
FPT 283,430
TAC 277,910
GIL 117,340
TCR 102,500

SELLS TOTAL SHARES
===============
GTA -111,250
VIC -127,240
SAM -184,920
BHS -191,180
TTF -215,200
ALP -241,540
BBC -309,460
VIP -692,450
PPC -1,031,380

The Number 1 Buy for 3 weeks running on big volume was DPM.

Number two buy was SSI, which seems like a high risk play to me.

Interesting to note that the BIG foreign sell during the past week was PPC. Coincidentally during this period local speculators were reportedly big buyers of PPC on speculation that this would be one of the stocks purchased by SCIC.

Who is right? Only time will tell.

But I can tell you this. I will take hard numbers over rumor and speculation any day of the week.