They chose financial independence over home ownership.

This is somewhat extreme but watch how this Canadian couple chose financial independence over home ownership.  They are in their 30s and,...

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LMIR: Bought more at 48c.

Thursday, March 25, 2010

LMIR's chart looks like it might be in the early stages of a symmetrical triangle.  Since late January, the price action has been trapped between 47.5c and 51c.  Stochastics has turned up and seems ready to emerge from the oversold region.

Using Fibo lines to determine where the supports are, we see clearly that 48c and 47.5c are important supports.  47.5c is the support to watch.  If it breaks, the symmetrical triangle is out the window and we have to see if the rising 200dMA holds up well as the new support then.

As the reason for buying more units in LMIR recently is to lock in a yield of 10% per annum, I am unfazed by any near term weakness in the counter's price.  In fact, I bought more at 48c.


Aspire said...

Hey AK,
A question popped to mind. You go to Indonesia quite often for business ryte? Have you popped into any of LMIR's property holdings?


AK71 said...

Hi K,

Yes, I visited quite a few malls during my trips to Indonesia. Some people I know think LMIR owns second grade malls when they are actually comparable to our suburban malls in Singapore. Not shabby at all. :)

Indonesians are always visiting malls in Singapore. I think Singaporeans should visit Jakarta and take a look at their malls too. ;)

Aspire said...

Ah, so they aren't the hype ones I see, but still good enough to pull in the crowd. Good info. Thx a bunch AK.


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