Tea with AK71: Mini facelift of ASSI and return of AdSense.

I have finally gotten around to tidying up my blog which some readers think is a bit busy looking (which is a nice way of saying it is messy, I guess). I really didn't find my blog messy. It is just like I don't find my bedroom or my study messy. I can find my things, right? Hahaha... Yes, I have been like this forever. I would claim that there is system in my mess.

Well, I have to admit that a blog is different. It is not just a private diary for me and me only. I am sharing ideas with people on a public platform and it is only plain courtesy to make it friendlier to navigate and to find things. Oh my, I have been lacking in plain courtesy before. My apologies.

I did the mini facelift last night, rather late last night. Yawn. The major changes happened on the right sidebars. I have taken away most of the slimmer right sidebar boxes and moved them up to become wider and, I guess, easier to read boxes. I have also further broken down the blog posts under the old "Recommended" and "My strategies" headings which were boxes I threw quite a few blog posts under and didn't give them much thought. I know, yah, "Recommended" and "My Strategies" sound so helpful, right? Nah.

I have kept some old headings and together with the new headings, the blog posts are now under the headings of "Passive Income Journey", "Wealth Creation", "Stock Market Strategies", "Fundamental Analysis", "Investing in REITs and Business Trusts", "Healthway Medical" and "Precious Metals". I did actually remove some blog posts and boxes which I thought are no longer helpful as well. I showed no mercy!

The left sidebar has the same components as before except that I shifted their positions. I shifted the box which encourages readers to share ASSI right to the top while aggregating all the ways in which readers could stay in touch with ASSI under a single heading. The two headings are "Sharing my blog" and "Staying in touch". I know, pretty original, isn't it? Haha.. I also included a nifty widget from Twitter. This is just another way in which readers could stay in touch with ASSI.

Also, after 24 hours of removing all the ad spaces for AdSense or Ads by Google in ASSI, I am hazarding a guess that all readers would have read my blog post from yesterday on how I was removing the ad spaces temporarily. It was a self imposed ban, so to speak. Now, I am serving Ads by Google again.

If you have any comments at all regarding what I have done with my blog, please feel free to let me know. Have a great week ahead. :)

Related post:
Removing AdSense from ASSI for now.

GLP: A falling dagger?

As the Post Chinese New Year Sale continued in the stock markets, some stocks I have never been interested popped up on my radar screen. Capitaland is one such stock. Another one is GLP as some I know dipped into their funds and bought as its price plunged in the last session.

A friend sent me a SMS to say he bought some at $1.96 (the IPO price) in the morning and it closed at $1.93 for lunch. Then, it went on to touch $1.88 when another friend who was in the queue got his buy order filled. GLP closed at $1.93 in the end.

Is this stock going to rebound or would it decline further? After a huge sell-off, it is reasonable to expect a rebound. Short sellers would want to cover their short positions if the bulls are emboldened to push the price higher for some reason. However, the truth is no one knows what would happen next week.

TA is useful in that it lets us know where are the supports and resistance and we have to plan accordingly. TA simply gives us a glimpse into what could be and there are always two sides to a coin. Of course, sometimes, it is nifty enough to give us probabilities as well but they remain probabilities and never certainties.

What is the chart for GLP saying?

What is obvious is that GLP has been in a worsening downtrend since 1 Nov 2010.  Look at the three orange lines I have drawn and you would realise this. The latest trendline resistance is rather steep and approximates the declining 20dMA. $2.06 thereabouts. Selling at resistance in a downtrend is a sound strategy.

The immediate support is at $1.88. If this were to break in the next session, we won't know where is the next floor although employing Fibo lines could give us a clue. $1.82, anyone? The technicals are weak and so is my heart. I shall abstain.

GLP 3Q net profit likely at US$80m - JPMorgan
Friday, 11 February 2011

© 2011 - The Edge Singapore

STI down 1.2%; Kim Eng Securities suggests switching to yield plays. “We are stringent in our selection, picking only stocks with stable businesses and the ability to sustain a good dividend payout,” the house says.  
Friday, 11 February 2011

© 2011 - The Edge Singapore

Related post:
What's my take on MIT and GLP?