IRN indophil resources nl

In the spirit of maintaining some commentary for Apples to...

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    In the spirit of maintaining some commentary for Apples to debate and interest for others; and, further to the article -

    The evangelical sects in the Philippines are drawing some followers away the Catholic throng, in part due to their more progressive and sensible stance on issues like Tampakan. However the Catholic hierachy is the overwhelmingly dominant religious power-base of political influence, and will remain that way at least for the term of Indophil's existence.

    If the country can get its act together and more politicians and the public in general are brave enough to oppose the stubbornly archaic regressive doctrine of the Catholic Church, then perhaps it will eventually be relegated to it's core, as an irrelevant and corrupt haven for paedophile homosexuals - such as it has been reduced to in many developed nations. That, however, is still a long way away in the Philippines. Most Filipinos prefer that you are a Catholic and if you mention that you don't believe in any superstitions about a creator, the average uneducated person will think you are a backward caveman who should be avoided.




    Support held nicely. The way I look at it - the short traders initially helped push it to 35c on announcement of the raise, then it bounced off that as they covered. Then a second round of shorting came along, which perhaps were to offset long positions taken up by the instos. However it seems those shorts were careful not to damage the technicals, and now those positions are no longer acruing. So while the downside looked a bit touch and go for a couple of days, IMO, holders should be OK now pending a show of hand by the South Cotabato government.
 
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