Tea with AK71: Manbags!

In the weekend edition of The Business Times, guess what is on the front page? It is the "Rise of the manbags and the $2,500 shoes!"

It reports that men are splurging on themselves and they "buy the bigger (Celine) bags and use them as document bags, gym bags..." Wow! I am still using whatever free bags I get.

See: My briefcase.

Prada's men's shoes range from $800 to $1,500. Not atas enough? Why not customise your shoes from a minimum of $2,500 a pair?

Yikes! My shoes usually cost $30 to $60 a pair and I wear them till the soles are worn out which usually takes 2 years or so.

The latest Bain & Company study found that men now account for 41% of the global luxury goods market, up from 35% in 1995, and in a market that is almost 3 times bigger!

I learn something new this weekend...


UP TO 70% DISCOUNT!

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Wilmar: Smart money outflow is reversing?

Anyone investing in Wilmar for the longer term would be encouraged by the counter's weekly chart.

Even as share price continues its basing process which has been going on for months, Chaikin Money Flow (CMF) shows that the outflow of funds has ceased. With bearish pressure dissipated, any positive news could send share price up quite abruptly.

Bollinger bands are also constricting to a point where we could expect a violent movement in share price. So, which way? Up or down? Based on the CMF, dare I hazard a guess? I would guess "up".

This could simply be a rebound if it should happen, a rebound which could see price capped by the declining 50w MA which is currently at $4.00. Immediate resistance is at $3.20.

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Wilmar: A rebound or something more?