Wilmar, China Minzhong and Sound Global.

Wilmar's share price could not overcome the resistance provided by the descending 200d MA. Look out for a retest of the support which approximates the 100d MA at $3.20. I would buy more if that should be tested.

China Minzhong's share price has established 86.5c as the resistance to watch. There is still a chance of a pull back to support provided by the rising 100d MA. I have sold some at resistance as a hedge and if support should be tested, I would probably buy more. Breaking resistance at 86.5c could see share price heading towards $1.00.

Two dojis in a row suggest indecision on the part of Mr. Market with Sound Global although a higher high on the MACD suggests a strong positive momentum and we could see price pushing higher. Expecting a band of resistance from 68c to 70c while expecting a band of support from 59c to 61.5c.

Related posts:
1. Wilmar: Testing resistance with strong momentum.
2. China Minzhong: What are we to do?
3. Sound Global: Another resistance level broken.

Discrimination: Get real!

Fortunate are those who have not encountered discrimination anywhere! Actually, they might not be fortunate, they could just be delusional!

In the real world, discrimination takes place all the time and everywhere!

Are you good looking? If you are, you are lucky because you are assumed to be good in many other things even though you might not be. Well, would we rather be around good looking people or ugly people? Now, be honest.

Are you a man? If you are, you are lucky because in jobs which both sexes are able to take on, employers would favour men to women. 

Why? 

Men don't get pregnant. They don't have to take leave to give birth and take care of babies as a consequence.

Are you young? If you are, you are lucky because you have more mileage left in you than older people. Generally, employers prefer to have younger workers.

Are you well connected? If you are, you are lucky because who you know is more important than what you know! This is the bombshell!

There are probably many other ways in which people suffer discrimination: racial discrimination, religious discrimination, weight discrimination, class discrimination or even political affiliation discrimination!

If we are receiving the shorter end of the stick, of course, we can complain all we want about how unfair things are. However, the real world is never fair.

If we feel that we are a victim of discrimination, what can we do? Look for greener pastures, I suppose, as discrimination is probably hard to eliminate.

If we feel that we have been wrongfully dismissed, we could approach the Ministry of Manpower and here is the link: 

Claims, Complaints and Appeals.

That discrimination exists in all its forms should be one of the first lessons we learn in life unless we do not live in the real world.
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Added (3 Feb 17):

Related post:
Tea with AK71: Looking good.

Five steps to take in REIT investment.

Now, I would not tell people if it is a good time to buy or to sell anything in the stock market. Regular readers know this. It is only on hindsight that we could tell if it was a good time to buy or to sell. Everyone has perfect hindsight. Not very useful, is it?


I know I have many more than a thousand blog posts by now and it would probably take quite a bit of time to trawl through them but I have hand picked a few and provided hyperlinks in the right side bar for your easy reference.

In this blog post, I want to share what I think I can safely share with anyone without getting into trouble and that is my general approach to the issue of investing in REITs. I try not to be repetitive but it is hard to avoid repeating at least some of the stuff I have said before in earlier blog posts.

Step one, know what is a REIT. Yes, don't laugh! People buy things just because it is the flavour of the month or year sometimes. It is true! Know what is a REIT and whether it fits your investment objectives. If you don't know what you want out of your investments, please leave your money in your bank account. 

Step two, if investing in REITs fits your investment objectives, look at the numbers of the different REITs available and see if you like them. If you read my blog posts on the different REITs I am vested in over the last 2 to 3 years, you will get an idea of what I look out for when I examine their financial reports. My approach is by no means fool proof but I believe that it does a pretty decent job.

Step three, if you like the numbers of certain REITs even at their current unit prices, then, they are still good investments for you! Doesn't sound like a difficult conclusion to arrive at, does it?

Step four, decide how much of each REIT you want to buy into at the current unit prices. As a percentage of your total investible cash, how much would you be comfortable with investing? Now, this is a very personal question. Some people are conservative while some are bolder. Two people could have the same belief that being partially invested while keeping a war chest ready is the way to do it but differ as to the proportion of investible cash to use.

Step five, buy, hold and monitor. Yes, don't think that everything is hunky-dory after making your investments. You want to monitor how they are doing on a quarterly basis. Keep track of macro trends and think how these could affect your investments. If you stay on top of things, you will feel confident in your investments and if there should be opportunities to buy more on the cheap, you would be able to act decisively. By the same token, you would also know when prices are somewhat rich and that partial or full divestment could be a good choice.


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Visiting an indecent (even lewd) shop.

Remember the big hoo hah about the gigantic poster of a half naked man at Knightsbridge? Actually, that was not a poster. It was more like an enormous mural!

The images which would put most Singaporean men (including myself) to shame were on two walls at the corner of the building, a few storeys high!

For those of more puritanical persuasion, you might want to avert your eyes because here is a flesh  flash back:

A while back, I went with a friend who was visiting. She went with her camera in hand and took photos with the lone topless hunk in the shop. After that, the nightmare began. Nightmare? Now, now, don't be naughty.

Too dark! Too many steps! Too many angular handrails!

I don't have very good night vision and I had to squint in the very dimly litted interior and would suddenly go blind in areas with spotlights which made me even more blind as I walked into dimmer areas again. As I went up and down the steps, I walked into the corners of the handrails at least twice. I had the haematoma to show for it too!

The shirts on sale were somewhat too thick for our climate. Of course, the prices were too rich for me. Anyway, if you guessed that I probably walked away empty handed, you are right. No prizes though. Too easy.

You might be interested in reading my older blog post on Abercrombie & Fitch.

Hint: you would also want to read the comments section.

Read the blog post here:
Ad by Abercrombie & Fitch is indecent (even lewd)!

See my staycation photos at Hard Rock Hotel, Singapore: here.

Marco Polo: Longer term buy on weakness.

The lower highs on the CMF suggest a weakening of smart money flow into the stock. The MACD, however, shows a strong positive momentum with a higher high in the process of forming.

Candlestick analysis gives cause for caution as two dojis and a black candle were formed in the last three sessions. However, the much higher volume as price pushed higher compared to the much reduced volume in the black candle day suggests a lack of sellers' conviction.

CMF shows higher lows on the weekly chart. This suggests that there is less money moving out of the stock in the longer term. MACD has turned positive and MACD histogram has formed a higher high, In the event of a retracement, support is at 38c while a stronger support is at 36.5c.

To me, it is quite clear that Marco Polo remains a longer term buy on weakness.

Related post:
Marco Polo: A neglected gem.

For those who prefer e-books:
Technical Analysis For Dummies

Wilmar: Testing resistance with strong momentum.

Wilmar's momentum oscillators are firing away! They are strongly positive and the stock could go higher even though it has hit resistance provided by the 200d MA.

A correction in price would see strong support at $3.23 while immediate support is at $3.53.

Daily chart.

Weekly chart.

In the event that price action overcomes resistance, the immediate target is provided by the descending 50w MA and I would hazard a guess of $3.81. If that goes, then, it would be the 100w MA at $4.60 but I would be quite surprised if it should happen without at least a pull back in the next few weeks.

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