A movie: Pacific Rim.

Watched Pacific Rim this evening. I guess I went in with lots of expectations because I have heard so many good things about it from friends. It was good but I wasn't wowed by it.

Took a photo of this standee outside the cinema.

The story is kind of predictable. I mean I could guess who were going to die and who would live in the end. I think more effort could have gone into fleshing out the story too. It was a little bit weak.

There was this scene where a Jaeger (human controlled robot) used what looked like a bulk carrier, a ship as a club to hammer a Kaiju (monster). Watch the scene in the trailer (about 2 minutes 4 seconds into the trailer):



At that point in time, a question came into my head. I wondered which shipyard might have built that ship. It was so sturdy! Didn't break into half when it clobbered the Kaiju.

Anyone knows the answer?

NeraTel: Trading around an investment.

Today, I divested some of my investment in NeraTel. Why? Do I not think that the share price could go higher?

Well, high could go higher. With the MACD and RSI still rising, the positive momentum is strong for price to possibly go higher. We also see a higher high in the CMF.

However, there seems to be an established pattern in the recent meteoric rise of NeraTel's share price. A high volume long white candle day seems to be followed by a short period of low volume pull back.

So, sell some close to the high and buy in again as price pulls back seems to be a good trading strategy. It also seems like a good idea for a long only investor to do this and make some pocket money in the process.

Fundamentally, my main motivation for investing in NeraTel is for a relatively high dividend yield. With its share price having run up so much in so short a time, dividend yield has compressed rapidly. At 84c, we are looking at a yield of 4.76%, far less than the 6.35% to 6.67% just a month or so ago.

With the uptrend intact, I will be looking to add to my long position if a retracement to support should happen. Where is immediate support? Possibly at 79.5c, give or take a bid.

Related post:
NeraTel: Is there no telling how high it could go?