Tea with AK71: Philips Blu Ray.

On Sunday, I bought a Philips Blu Ray player for a good friend as a housewarming gift.  I got it from Courts near HDB Hub in Toa Payoh.  I bought it because it was such a good deal.  Listen to this: usually $299, it was going for $239!  Also, they threw in a free HDMI cable and 2 free Blu Ray titles! 

I got my Sony Blu Ray player just weeks ago at Best Denki in Vivo City for $299 and I had to pay $99 for a HDMI cable!  I also had to spend more money buying a few Blu Ray titles at MJ Multimedia to start me off.  Fortunately, MJ was having a GSS offer at $70 for two titles but it would still come to a total of $299 + $99 + $70 = S$ 468 to get the same deal as offered by Philips in Courts!  It's a $229 savings!

Now, here is the issue: the free Blu Ray titles must be collected from Philips HQ in Toa Payoh Lorong 1.  They were not available in Courts.  The posters in Courts showed Wolverine, UP and a couple of other titles.  The salespeople told me that my friend has to bring along the receipt and his IC to choose the titles of his choice.  I dutifully conveyed the message when I gave the player to my friend.  This was on Sunday.

This evening, my friend went to Philips HQ and they told him that only Night at the Museum 2 and UP are available. Initially, I thought that the other titles were fully redeemed.  My friend told me he was informed that only these two titles are available all along!!! This is a clear case of misrepresentation!!!  I am so upset but my friend took it quite well and told me not to be angry.  Grrr!!!

If anyone from Philips HQ in Singapore is reading this, you guys are lucky I was not with my friend when he went to collect the discs.  I would have given you guys a piece of my mind!!!

Saizen REIT: Oversold.

Saizen REIT has been stuck at 16c for weeks. Nothing is happening and it is just a waiting game now.  However, it appears that most of the weaker holders have sold.

The Bollinger bands have narrowed and the MAs are all flattening with the exception of the long term 200dMA which is still rising.  In fact, the 20d and 50d MAs have merged and flatlined at 16c. 16c could either become a very strong support or resistance in future.  Looking at the MFI and the Stochastics, we see that this counter is very oversold. The OBV shows a stalemate between accumulation and distribution.

Taking a look at the weekly chart reveals that the longer term demand has been trending up.  The MFI confirms this. Price has also overcome the descending 100wMA which was a strong resistance.  At 16c, the unit price is sandwiched between the flat 20w and 50w MAs.  Although Mr. Market does not care for what I think, it seems to me that the unit price of Saizen REIT could only go up from here.  Let's wait for the results.