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,...

Past blog posts now load week by week. The old style created a problem for some as the system would load 50 blog posts each time. Hope the new style is better. Search archives in box below.


"E-book" by AK

Second "e-book".

Another free "e-book".

Pageviews since Dec'09


Recent Comments

ASSI's Guest bloggers

Cache Logistics Trust: Downtrend intact.

Friday, March 25, 2011

After a brief two sessions of trading above the downtrend which started on 28 Jan, its unit price is once again within the downtrend. Fundamentally strong, this REIT's technicals are somewhat weak. The OBV suggests that distribution is ongoing.  

Could the divestment on 21 March by substantial shareholder, Morgan Stanley, have spooked investors? Morgan Stanley's stake in the REIT reduced from 7.1860 % to 6.9790 %.

With the chart spotting positive divergences and with the MFI suggesting some underlying demand, I expect the supports to hold up if retested. Unless distribution activities cease, it would be hard for price to move higher, however. So? This REIT could be bottoming too and, based on its strong fundamentals, I would accumulate on weakness, if any.

Related post:
Cache Logistics Trust: Mixed signals.


Monthly Popular Posts

Bloggy Award