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Saturday, December 18, 2010

I Thinketh! - Christmas Spring Cleaning Reflection

Christmas is not a date. It's a state of mind.
~ Mary Ellen Chase

He who has not Christmas in his heart will never find it under a tree.
~ Roy L. Smith

It's one week to Christmas and my back's killing me. I'm stiff all over. I've spent the last week cleaning and cleaning and cleaning, mainly because my family's invited for lunch on the 26th. About 5 hrs a day throwing unwanted junk out, performing the most amazing wipedown of my life and using superhuman strength to do a one-person shifting of my room - cupboards, bookcases and all. The record being working for 8 hrs straight. I'm gifted I tell ya. Not bad for a skinny fella.

As my girlfriend puts it, they should call Christmas, Cleanmas or Cookmas, as that's what we all seem to spend the majority of our days leading up to Christmas doing. It is our day of celebration after all. Of course someone else commented that we could even call Christmas, Drunkmas or Eatmas because that's what we end up doing on the day itself.

On the occassional break from my superheroic cleaning duties however, it's on to more exciting stuff called Christmas shopping. Now as you can imagine, shopping with aching knees from constant kneeling on the floor to wipe down the books and statues in my library is no easy feat. Heck! Being a guy and going Christmas shopping is no easy feat, so you can imagine the amount of superheroic strength and determination this calls for. And I still have yet to buy the presents. My strength faileth me.

As with all people with great destinies, difficulty and strife must be overcome - in order for the hero to get the girl, for Jack to get the hen that lays the golden eggs from the giant up the beanstalk, for the world to keep on turning, for Obama to get his tax cuts passed, yadayadayada. So now looking at it, my room is looking tons better. Oh it's not perfect yet and there's still a mess on my table but I've yet to figure out what I want to do with them. See how difficult life can be for us people with great destinies? We encounter one problem after another.

However as all superhero stories go, there's always an epiphanic triumphant moment and the hero become a better person because of it. I found mine this season. Whether I become a better person however, remains to be seen. But the thought that came to mind and stuck with me as I scrubbed, wiped, lifted and grunted was if we spent so much effort making our exterior look better for Christmas, why don't the majority of us spend at least a fraction of that making our interior look better too?

As someone once said to me, "in order for good things to enter, you must first throw out the bad." Or as paraphrased from a popular story, "how can anything enter when a cup is filled to the brim?"

And with that realization, I think this Christmas is going to be more meaningful this year for me. My superhero triumph and feat.

So said Charles Dickens, "I will honour Christmas in my heart, and try to keep it all the year."

With that I leave you with that popular story I read ages ago entitled "The Cup".

Wishing you and your family a meaningful Christmas and festive season,
~K

The Cup

Once there was a university professor who decided that he wanted to study zen. He travelled to a local monastery. He was shown in to the abbot’s study. The abbot was about to pour himself some tea. The professor stood before the abbot who looked up. The professor explained that he had been studying and teaching in the univeristy for many years and that now he wished to add to his knowledge and learning by studying zen.

The abbot nodded and began to our himself some tea. The professor watched as the teacup filled to the brim and, apparently failing to notice the full cup, the abbot continued to pour. The cup overflowed and still the abbot poured. The professor was reluctant to embarrass the abbot but finally said, "Master, your cup is full and overflowing. It can hold no more tea."

"Yes," said the abbot. "And how do you who come here with your cup so full expect to fill it with the teachings of zen?"

The professor nodded and smiled and bowed before the abbot.


Ascott REIT Making A Weak Leap

In my previous post entitled Two Extremes: Starhub - Falling Star, Singpost - Blasting Off!, I noted the giant movement in prices in both Starhub and Singpost.

Today, Ascott Residence Trust, a subsidiary owned by Temasek Holdings (48.1% stake), is also another stock which made a nice leap upwards, trashing its resistance at $1.23 and headed to its next resistance of $1.28 where it closed. However a closer look at the chart below shows some uncertainty to this move.


Unlike Starhub and Singpost in the previous post, Ascott's leap today did so on a rather small volume. Futhermore, you can notice the volume making lower highs. Such divergence in volume and price movement must be viewed with caution. Don't be an "ass caught" (pun intended) as prices may be sent downwards hereafter.

Does this mean that prices won't head higher? No it does not. Prices may still breech resistance. However as the volume supporting this rise is low, the rise in price may only be temporary which may result in another pull back in the short term. 

On the other hand, support seems to be strong from the collision of the 14day moving average with the 50dma at $1.22. Furthermore with prices making higher lows, prices may rise higher thereafter. But once again, volume shrinking doesn't support this. So caution.

That said, personally with uncertainty lurking, yield at 5.8% and Price to Book at a premium of 1.04, I wouldn't invest at the moment as Ascott REIT is rather unattractive at current prices. 

Not vested.
~K
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