Saizen REIT: Insider buying more at 14c/unit.

Argyle Street Management Holdings Limited, on 24 March 2011, bought 1,275,000 units of Saizen REIT at 14c a piece. This increased their share from 15.471 % to 15.579 % (from 181,761,217 units to 183,036,217 units). See notice here.

I am sure quite a few people are considering increasing their stakes in this REIT but they could be holding back for fear of the uncertain situation at the Fukushima nuclear power plant. It is, of course, good to be cautious and being able to sleep a bit more peacefully at night is priceless. As long as we do not panic, I believe we can't go far wrong.

NOL: That sinking feeling.

NOL is definitely not for the faint hearted. Today's black candlestick with price closing at $1.93 was formed on the back of very high volume and it looks like the downward momentum is strong as the MACD formed a lower high in negative territory. The MFI is also on its way to form a lower low.

Technically, NOL is still in a downtrend which started on 5 Jan 2011. A continuing downward movement in price could see the channel support at $1.84 tested or, in very bearish situation, the lower limits of the MA envelope tested. Any attempt to move higher would meet with resistance at $2.02, a recent thrice tested resistance level. Good luck to all vested.