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AK71 is on vacation!

Tuesday, February 22, 2011

In my last blog post, I mentioned that I had to catch a very early flight this morning and had to sleep early. Well, sleeping early is something very difficult for me and I didn't sleep very well last night.  If you are wondering what am I doing catching an early flight today, I am on vacation! Yes, finally!

I just woke up from a short nap and got connected to the internet a while ago. I have checked the stock market and saw, wow, a sea of red! It seems that the unrest in the Middle East and North Africa is shaking the global stock markets. I see prices of gold and silver climbing higher even as equities retreated.

This could be one of those opportunities to load up on counters with sound fundamentals. It could be a chance to make some value buys. This is the investor in me talking. However, the trader in me says that things could go lower and that we should wait to see supports holding up before increasing our long exposure. This is only sensible, is it not?

Which are the counters I am eyeing? Quite a few and here are three I am thinking of loading:

1. CapitaMalls Asia: Reversal signal failed to be confirmed, similar to most other counters' reversal signals. Keep an eye on the $1.83 support. See my earlier blog posts for more information.

2. AIMS AMP Capital Industrial REIT: 20.5c is holding up nicely as of now. I would probably put in a buy order tomorrow at 20.5c. Would definitely buy more at 20c, if ever tested. See my earlier blog posts for more information.

3. Cache Logistics Trust: I have been waiting for another chance to start a long position in this REIT. Touching 93.5c today, I might just be given a chance to buy a bid or two lower. See my earlier blog posts for more information.

Although I have internet connection in the hotel, I just realised that they use a different type of electrical plug from Singapore. I will have to see if I can get an adapter from a hardware store or supermarket. If I cannot find an adapter, you might not see me blogging for a while as my notebook's battery is running low on power.

Also, as I am on vacation, I might be somewhat lazy. It is only natural, isn't it? ;)

So, don't be surprised to see one liners or nothing at all. Hahaha... A vacation is a most uplifting must do for working adults. Despite a sea of red in the stock market, I am actually feeling quite happy. It could also be that most of my investment portfolio is for income. So, I am not so affected by the market weakness since capital appreciation is a secondary objective for me.

Till the next blog post, good luck to one and all. :)

14 comments:

Isaac said...

AK,

enjoy your vacation! Must take alot of photos!

AK71 said...

Hi Isaac,

Thank you so much. :)

Not sure about taking many photos since I just wanna R&R. Haha.. ;)

mark said...

Mate, get the plug from the reception/conceirge. :)

iisterry said...

Where did you go?

Obsessed with the Internet I see... not healthy...

AK71 said...

Hi Mark,

That's what I did last night. Thanks. ;)

AK71 said...

Hi iisterry,

I am in a politically unstable country where the color of the t-shirt I wear could be an important daily decision. ;p

Obsessed with the internet? I think it is more the stock market and financial news than the internet per se. The internet is just a very good way of getting information. :)

Then again, a mental patient will never admit that he is crazy. Duh...

Anonymous said...

AK

Have a good trip.

By chance, when you go on holiday, the STI is in sea of red.

Perhaps next time, let us know earlier of your plans, so that I can liquidate my positions or take some profit, smile on your holidays and then buy low again. (the HK star Adam Cheng & HS index theory).

Have a good one ^-^

SnOOpy168

patrick lim said...

hi, ak,

aiyah, so shiok to be on holiday and still cannot kick the internet 'habit' ah? so take this uncle's advice and forget about everything else.

by the way, the clsa feng shui 2011 index predicted that the markets will go south in february and sideways in march. having said this, i do not subscribe to this index.

enjoy, bro!

AK71 said...

Hi SnOOpy168,

Actually, a friend did mention to me before that everytime I go on a long vacation, the STI would crash. Hahaha.. Hmmm..

AK71 said...

Hi Patrick,

Thanks for dropping by. I don't know about predicting the moves of the market using Feng Shui. I am having a hard time just using FA and TA and they are less esoteric. Haha..

Will try to heed your advice and avoid the internet although I do not think I would have much success. ;-p

cl said...

thailand is always the place to eat,slp, shop enjoy ur holidays.:)

AK71 said...

Hi CL,

Thanks! Time to hit the sack. zzzz... :)

left_ray said...

Have fun and enjoy your vacation! I also need a vacation to get away not from my work, but my kids and especially my wife.

AK71 said...

Hi left_ray,

Thank you. I just came back from a day trip visiting a marine conservation project. Gonna take a shower and nap for a couple of hours now. ;)

I think escaping from work is somewhat easier compared to escaping from your kids and wife. However, I am sure they give you happiness in special ways. Think positive. :)

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