Tea with AK71: A short fairy tale!

I would like to share this fairy tale (which could be a reality for some of us):

Thanks to a cboxer, Patty, for sharing this with me.

I hope you enjoyed it as much as I did. ;-p

ARA: Partial divestment at $1.18.

On 7 October, I said in a blog post that the 61.8% Fibo line "approximates $1.18 and this is also where gap close could take place if the resistance at $1.16 could be taken out convincingly". My overnight sell order at $1.18 was filled.

Closing at $1.205 is exactly where we find the declining 20dMA today. This also coincides with the declining trendline connecting the tops of 1, 9 and 21 Sep. So, it explains why it was such a strong resistance.

With the MACD forming a bullish crossover with the signal line in negative territory, we could see a continuation of this rebound. A necessary condition would be higher volume if price should attempt to push higher. Notice how volume has reduced as price inched higher in recent sessions. This is most probably unsustainable.

Overcoming resistance at $1.205 in the next session convincingly could see buyers piling back into the stock which could then see gap closing at $1.26 and perhaps even at $1.305. The latter is still possible since the declining 50dMA approximates $1.32 and provides some breathing room.

Related post:
ARA: Partial divestment at $1.155.

Courage Marine: Bought more at 10c per share.

For a while, it looked as if a double top was forming in the Baltic Dry Index (BDI). Well, the potential double top formation has been negated as the BDI broke resistance and looks set to form a higher high.

As most of Courage Marine's business is on a per trip basis and at spot rate, a higher BDI is good news for the company. If the BDI continues to rise into winter, it could turn out to be quite a good quarter for Courage Marine and it looks like it could happen.

Bloomberg reported earlier in the year that freight rates are poised to rise after hitting a two year low as owners of ships carrying coal and iron ore scrapped the most vessels in 28 years. Indeed, Courage Marine recently sold one of its vessels to be scrapped as well. Also, Malaysian Bulker Carrier predicted that the dry bulk market could do well in the medium term due to Japan increasing imports of coal.

Technically, the MACD has been rising since plunging to a low in negative territory in mid August 2011. Although momentum is still negative, the rising MACD suggests that momentum is improving.

If we believe that Courage Marine's share price is currently range bound without any trend, looking at the Stochastics reveals that momentum is closer to the lower end of the range, although not oversold. Any further upward movement in price could find initial resistance at 11c while support is at 9.5c.

Related posts:
1. Courage Marine: Added at 10.5c per share.
2. Double dip recession or just very slow growth?

Tea with AK71: Alkaline water.

In recent months, I kept being bombarded by news about alkaline water. I hear about it on the radio. I read about it in the magazines and newspapers. I read about it in flyers given out at shopping malls. Is alkaline water really so amazing?

A few days ago, when I was shopping at NTUC Fairprice. I saw alkaline water on sale! These bottles were placed together with bottles of mineral water and distilled water. Price: $2.90 for a 2 litre bottle. Made in Singapore.

Anyway, the idea is that our body is very acidic and the food we eat is mostly acidifying too. So, to maintain a healthier balance, we need to eat alkalising food. For some time now, when I want a snack, I eat an orange, an apple, a handful of raisins, figs or almonds. These are alkalising. So, I guess drinking alkaline water is a natural next step.

I know there are companies which sell machines which would make normal tap water at home into alkaline water either through distillation or ionising processes. I don't think I can convince my mom to have one installed. She is skeptical about the health benefits of alkaline water. Frankly, I don't know for sure if the benefits are proven beyond a doubt as well. At $2.90 a day, I guess, it is worth a try.

Does anyone have any personal experience, good or bad, with alkaline water? Would you like to leave a comment to share your experience?

Er, in case you are wondering, this is not an advertorial. I don't make any money from blogging about this.  ;)