Tea with AK71: Reel fight to real fight!

I enjoy Chinese period drama. I enjoy Chinese pugilistic movies with good kung fu too. Two actors I particularly like watching in such movies are Donnie Yen and Zhao Wen Zhuo whom I recently found out is called Vincent Chiu.

Donnie Yen

I don't usually follow the entertainment news and I usually skip the "Life" section in The Straits Times. Due to this, I have been said to have no life by some friends and family members. Nice pun.

However, the recent fight between Donnie Yen and Vincent Chiu which apparently has been going on for weeks finally caught my attention. If it gets the attention of AK71, it must be BIG!

Vincent Chiu

I don't know either man personally, of course, and whether it is a clash of egos or if there are some serious and valid grievances, I do not know. You guys go read the reports and decide for yourselves. Apparently, the dispute created flaming in cyberspace that would make the Great Fire of London looked like a harmless campfire.

What caught my attention and created a deep impression was a remark by Vincent Chiu:

"All ten properties I bought at a low price in Beijing are now worth six times more.

"Even if I stop working, I won't have any difficulty getting by," Chiu told the media recently, in response to Yen's announcement that he would take Chiu to court.

Passive income in the form of rental income plus capital appreciation of 500%! Impressive. Vincent Chiu is not just an accomplished martial arts pugilist, he is also a savvy investor.

Read the article: here.

SoundGlobal: Golden cross.

Are we about to see the formation of a true golden cross which is the bullish crossing of the 200dMA by the 100dMA?

"A real, true golden cross — a very Japanese signal — occurs when a rising 100-day moving average crosses above a flat or rising 200-day moving average. It signals positive price action." Goola Warden, The EDGE.

The 200d MA in this case is still declining. So, the case for a true golden cross is weakened. Nonetheless, there seems to be longer term support with volume dwindling as price consolidation continues.

Although there seems to be longer term support, the 20dMA is declining and what looks like a declining triangle has formed.

Immediate support is at 58c which is where the golden cross is found. If that support should break, we could see the counter's share price declining to 52c which is where the 161.8% Fibo line approximates.

I was once upon a time a shareholder of SoundGlobal when it was still known as E-pure. Today, I am once again a shareholder as I initiated a long position at 59c.

SoundGlobal profit increased 43.1% (29 Feb 2011): Announcement here.