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: Partial divestment at 38c.

Wednesday, January 25, 2012

Anyone who made use of LMIR's rights issue to accumulate more units would be in the money now.

I see immediate resistance for LMIR's unit price at 38c and put in an overnight sell order for a partial divestment. It was filled today as unit price closed at 38.5c.

Fibo lines seem to suggest that in case of a retracement, we could see strong support at 34.5c. That is quite a bit to fall from here if it should be tested.

The strategy I have for LMIR is the same as the one for Sabana REIT and AIMS AMP Capital Industrial REIT. Hold a larger portion for regular income while trading a smaller portion for potential capital gains.

The decision to partially divest is fully based on technicals as, fundamentally, I think LMIR is still too cheap to sell.

Related post:
LMIR: Too cheap to sell.


john said...

bro ak71,

either way, u already 立于不败之地...
Wishing u a happy CNY...

huat ah...

AK71 said...

Hi John,

Thanks for the encouragement.

Gong Xi Fa Cai. Huat ah! ;)

Ray said...


How do you rationalize the "ai wan" feeling of seeing stock price climb further when you sell off at what you thought was the resistance?

Care to teach me a few pointers? :)

AK71 said...

Hi Ray,

Those who bought from me at higher prices are shouldering a higher level of risk. If they make money in the process, I am happy for them. We cannot make all the money in the world.

Mr. Market is always there and there will be many more chances to make money. Don't look back. Look forward.

If I have made money. There is nothing to regret. ;)

Ray said...

Hi AK.

Thanks for sharing your rationale.
So you never feel "ai ya, if I knew it I would have held on to it longer...." e.g. for the case of Capitaland?

AK71 said...

Hi Ray,

Not in recent years, no. I am quite ZEN about such things these days.

CPL has hit $2.65 today and I could sell more shares. It might even hit $2.75 in very bullish conditions. Then, I might sell again.

Resistance and supports are seen as targets. Targets could be exceeded. This is natural. ;)

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