Blog's readership profile.

You might have noticed the big blue box on the right side of my blog.  In case you think it's an advertisement, it's not.  I am collecting information on my blog's readership profile.  From the latest figures, my blog receives, on average, 500 unique visitors a day but so far only 23 visitors have taken the poll since it started.  :-(

Please take a few seconds to answer three simple questions in my poll if you have not done so already. Thank you very much.  :-)

Tea with AK71: Money making.

This might be the beginning of another series like "Replies from AK71".  This time, it is "Tea with AK71".  Imagine having tea with me one afternoon, realising much to your dismay what a talkative person I am, and listening to my thoughts on myriad issues.  Small talk, that's exactly what "Tea with AK71" is going to be about.  Another side of AK71?  For sure.  Darjeeling, anyone?

"Something I say more and more as I grow older is, "we can't make all the money in the world".  It is probably something that many others say too but how many actually appreciate the essence of this simple phrase?  When I miss a money making opportunity, I would shrug my shoulders and say, "what to do?".  I do not see any point in berating myself or even making a promise that it will not happen again because I am almost sure that it will happen again. 

Picture by Montwerx.

"I always say that chasing after perfection is like chasing after a rainbow.  We can keep running towards a rainbow but will we get closer to the rainbow? The rainbow is an optical phenomenon after all.  Pretty to look at but unreachable.  Don't be too hard on ourselves. 

"I make my money and others make theirs.  We have different paths and make our money our own ways.  We can share our methods and our experience but we would probably not have the same experience. This is natural and there's nothing wrong with it."

Charts in brief: 14 April 10.

A most sterling performance by the STI today as it surged 48.14 pts to end the session at 3,019.74 on heavy volume. People vested in NOL, DBS, UOB and SembCorp, just to name a few, would have made quite a bit of money.

Singapore shares end near 2-year high on surge in 1Q GDP
Wednesday, 14 April 2010

© 2010 - The Edge Singapore

CapitaMalls Asia:  Despite an impressive 1Q 2010 report, its share price barely moved and closed up 1c at $2.30 as it went XD.  Consolidation continues.
Earnings before interest and tax (EBIT) were $110.9 million for 1Q 2010, 174% higher than the $40.5 million for 1Q 2009.

CapitaMalls Asia records 1Q net earnings of $97m
Wednesday, 14 April 2010

© 2010 - The Edge Singapore

NOL: An impressive white candle day as price shot past the recent high of $2.24 to close at $2.30 after touching a high of $2.34.  We have a buy signal on the MACD.  OBV and MFI have both turned up. With such strong momentum, it is likely to power ahead.  Closing above $2.30 convincingly would give an eventual target of $2.60.

Golden Agriculture:  Another higher low formed on the MFI. Price action formed an inverted white hammer, another reversal signal.  Signals continue to be mixed for Golden Agriculture.  Will the improving buying momentum push the price higher?  Initial support has been established at 60c.  Channel resistance is at 64.5c.

Courage Marine: OBV turned up sharply as volume increased significantly.  Price closed up 0.5c at 22.5c, forming a long legged doji, a reversal signal, as it touched 23c, the previous high.  If the reversal signal is valid, price should find initial support at 21c.  If the chart pattern plays out (neckline at 21.5c), we should see gap resistance at 23.5c taken out and the chart pattern resistance at 25.5c tested with a possibility of a push to the eventual target of 27c.  Could we be seeing a beautiful symmetry in the making?

SPH: Volume expanded as price touched a high of $3.99, just 1c shy of the target of $4.00.  MFI has pushed deeper into overbought territory and OBV has turned up sharply.  Forming a white spinning top today as price closed at $3.97, will it push higher tomorrow?  $4.00 remains the resistance to watch.  If this is taken out, the next target is $4.20.  A retracement would find initial support at $3.84.

AIMS AMP Capital Industrial REIT: Buy signal seen on the MACD.  Price touched a high of 23c before closing at 22c on much higher volume. OBV turned up.  MFI has formed a higher low.  22c is still the resistance to watch but if price closes decisively above 22c in the near future, it would be resistance turned support.  23c is the immediate target.  Immediate support is at 21.5c.

 Related post:
Charts in brief: 13 April 10.