Sensible wife and lucky husband!

Thinking of getting married soon?





Say anything you want about her but I think this lady has a sensible head on her shoulders. She and her man could afford to spend more on their wedding but they chose not to.

Apart from saving lots of money, what they did was also good for the environment as they cut down on excesses. What would she have done with the wedding gown after the whole event was over if she had gone ahead and bought one, for example?

She didn't even ask for a diamond ring from the man! She asked for a simple gold band!

Sensible wife and lucky husband.

Well, if you are worried for the economy, don't be.



Many Singaporeans are still willing to splurge on their weddings and contribute to our country's GDP.

Hey, if you are thinking of splurging on your wedding, go ahead. Don't let anyone stop you. It is your wedding and you have to be happy! :)

Related posts:
1. Not enough money to be married.
2. If we are not rich, don't act rich.

China Minzhong: Partial divestment at $1.01.

My sell order for China Minzhong at $1.01 was filled today. I retained some 50% of my investment in the company in case resistance should break which would send share price higher.

There is always a chance of a retracement in share price to supports. So, locking in some gains at resistance frees up resources for me to take advantage of any such retracement if it should happen.

Whether share price should rise or fall, I have a plan in place and could potentially benefit either way.

With 99c resistance broken, the declining 100w MA which approximates $1.03 is the immediate resistance to watch. Being a long term MA, the 100w MA is likely to be a tough nut to crack in the shorter term.

If I were to hazard a guess, I would say the 100w MA could force share price lower. In such an instance, share price could decline to as low as 80c which is where we find a flattening 50w MA. 80c is some 20% lower than where we are now.

However, in the event that resistance provided by the 100w MA is broken, Mr. Market is likely to become quite euphoric and we could see the gap formed in September 2011 covered at $1.20 eventually in such a case.

Since risk and reward analysis gives me a 50/50 chance either way, divesting 50% of my investment seems like a logical thing to do.

Related post:
China Minzhong: Share price to go higher.