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AIMS AMP Capital Industrial REIT: Accumulation price?

Monday, October 25, 2010

Today, after market closed, there was a big sell down of more than 3 million units at 22c.  A reader asked if I managed to get more at 22c today. No, I didn't. I am waiting at 21.5c.

On 12 Oct, I mentioned that "It is quite obvious that the range is still 20c to 23c with the midpoint of 21.5c being an important, many times tested support. 21.5c is also where the rising 50dMA would be approximating soon.  This should lend strength to the support. So? I would buy more at 21.5c if I feel inclined to add to my position in this REIT."


22c has been a strong support thus far but with the MACD declining below the signal line and the MFI yet to retest its uptrending support, there could be further weakness.  The lower high on the MFI suggests weaker demand and the lower high on the RSI suggests weaker buying momentum.

21.5c is also where the rising 50dMA is approximating and it is also where we find the lower Bollinger band. A reason why I am not in a hurry to accumulate is because I already have a sizeable investment in this REIT. I don't need to accumulate at 22c. I can wait. The technicals suggest that waiting might not be a bad idea too.

Related post:
AIMS AMP Capital Industrial REIT: Buying more?

12 comments:

Drizzt said...

no wonder i can get some at 22 cents today

Drizzt
Investment Moats.com

AK71 said...

Hi Drizzt,

But this is a lower price than your initial purchase, right?

22c is still a nice price. Expected yield of 9.45%. :)

Drizzt said...

this will really balance up my China Mobile purchases.

Anonymous said...

Very true. I am looking at average cost, now that we had gone thru the recent rights issue + excess rights thingy.

Perhaps with my small holdings, the small difference of expected yield would not make me poorer.

Just 1 trip less to McDonald perhaps.

Lets hoped that friday's results are very very positive for us.

Huat ah.

SnOOpy168

AK71 said...

Hi Drizzt,

Balance up your China Mobile purchases? So, you bought more of China Mobile?

Now, you have as much invested in AA REIT as in Cache Logistics Trust, going by your pie chart (which I really like). :)

AK71 said...

Hi SnOOpy168,

Haha.. One trip less to Mac's? Your Value Meals at Mac's must be quite "valuable". ;p

Actually, I am not expecting any positive surprises in their upcoming report. Should be within expectations. After all, they just did an update before the rights issue. Of course, one never knows for sure. :)

Anonymous said...

Drizzt's portfolio chart looks like he is a cash-rich investor waiting by the ringside, for that right window to enter.

AK - you have something similar to share ? Or it was already somewhere in your past articles for us ?

Impressive and worth learning from.

SnOOpy168

AK71 said...

Hi SnOOpy168,

I am an IT dinosaur. I don't know how to create such a beautiful pie chart. ;p

Anyway, I do not feel comfortable enough to reveal the breakdown of my current portfolio. So, I'll pass. ;)

Drizzt said...

eh dun say until like that. its something most executives will be able to do if they try.

but his portfolio is large lah that one i know!

Drizzt
Investment Moats.com

AK71 said...

Hi Drizzt,

You have hit the nail on the head. I am just lazy. ;)

It is just like how my friends offered to teach me Excel but I have been resisting. A supplier actually offered to buy the original Excel program for me.

There is no requirement for me to use Excel at work and I have not bothered to pick it up. I am a lazy bum. ;p

Drizzt said...

whoa. that means u are on a different level as us haha.

i have no choice but work and efficiency depends on it. without it i am pretty much useless.

AK71 said...

Hi Drizzt,

I am on a higher level of laziness, yes. ;)

My job does not require me to use Excel. Just lucky. Don't read too much into it. :)

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