Do Not Read This: Diego Cagahastian from Opinyon
Do Not Read This

Long wait for Apollo

Sep 9, 2021, 3:33 AM
Diego S. Cagahastian

Diego S. Cagahastian

Columnist

LAST year, the biggest chunk of my earnings from the stock market came from just two stocks -- $DITO and $APL.

These two made a spectacular bull run when most stocks in the bourse were "sleeping".And to think that these are not blue chips.

Both Dito Telecommunity CME ($DITO) and Apollo Global Capital ($APL) are old corporate entities with new ventures being touted to investors.

Dito used to be $ISM before it became the nation's third telco -- or more specifically, the majority owner of Dito Telecom

$APL, meanwhile, became a market sensation starting from the first week of December, 2020 when it was trading at 0.0552, gradually making a base at 0.0945.

The stock of Apollo Global further flew to 0.1268 on December 29, 2020.

It was a dizzying climb to 0.1300.When it reached that price, I remember TitoVlogs saying that he was no longer buying.

But I surmise that he talked too early, as $APL greeted the New Year at 0.1634 on January 4, 2021, and from there reached its summit at 0.4760 on Jan. 20.

Thanks to TitoVlogs, he shepherded his followers -- including this columnist -- into making big, big money in Apollo during this time.

Imagine a few lucky souls buying new and second-hand cars and SUVs due to their earnings in Apollo, and in the middle of the COVID-19 pandemic at that!Thanks, TitoVlogs!

Apollo Global's novelty is its much-touted deep-sea mining of magnetite iron ore, to be operated by its mining subsidiary JDVC Resources Corp.

The deep-sea mining and exploration will be within JDVC's 1,897 hectares of mining tenement, located 14 kilometers offshore from the town of Gonzaga, Cagayan province.

APL's best laid plans were somehow snagged by its follow-on offering and other problems, which we will discuss in the next column.

Feedback is welcome at ports.reports@gmail.com.


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