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My weaknesses.

Friday, September 9, 2011

When it comes to junk food, I have two big weaknesses: ice cream and chocolates.

The atas and delectable stuff from Haagen Dazs:


This costs several times more than a strawberry sundae from McDonald's but it was so good!

Burp.

Cache Logistics Trust: Partial divestment at 98c.

Thursday, September 8, 2011

On 29 August, I blogged about partially divesting my investment in Cache Logistics Trust as the gap was filled at 96c. Today, my overnight sell order at 98c was filled.

After the gap at 97.5c was filled on 1 September, the REIT's unit price seems to be having difficulty clearing 98c, which is a natural candlestick resistance as well.


As the REIT's unit price does not seem to exhibit any form of trend, I look at the Stochastics to catch a glimpse of what is likely to happen next. Stochastics is in the overbought region and this suggests that chances of a pull back is higher than not.

Breaking out of 98c convincingly could see $1 tested next while further downside could see a retest of 91.5c for support. A simple risk and reward consideration suggests that another partial divestment at the current price level is a good idea.

Related post:
Cache Logistics Trust: Gap closed at 96c.


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