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Tung Tung Lok
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richtan
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10-Jun-2009 22:31
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This is called kena played backside
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richtan
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10-Jun-2009 21:09
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Oh yes, some I hold for longer term n some for trading but now out for short term trading n re-direct my funds to Midas, Ausgroup n Hongxin. I m less active in this thread now as those I hold longer term but now more active in Ausgroup, Midas n Hongxin as I believe the play will soon rotate to s chips, as every dogs has its days.
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richtan
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10-Jun-2009 17:11
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Wow!! at the close, again, some ultra-rich snatched another 1396 lots from the seller at 0.63.. real brewing hot now...
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richtan
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10-Jun-2009 16:44
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Again at 3.36 pm, some ultra-rich fellow, snatched another 1000 lots from the seller at 62.5 cts, very sure something must really be brewing hot now.
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richtan
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10-Jun-2009 16:26
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So sorry if I sounds harsh, of course I can post the support n resistance but I think it is good tat u learn how to look at charts by ourself rather than depends on others. U may also scroll down under this thread n take a look at my chart analyse, of course, I may be right or wrong in my analysis, so dyodd. Remember, learn to catch a fish n u can survive n be independent on others. I had recommended few books n free tutorial websites, do a search under my name, richtan
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richtan
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10-Jun-2009 15:36
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Wow!! Ausgroup volume today had exceeded yesterday's volume. Someone had been snatching in 500 , 600 n 451 lots all from the seller, something must be brewing. This fellow probably must have some insider info.
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richtan
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10-Jun-2009 15:11
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Wow!!! Midas is charging, next will b Ausgroup n Hongxin soon | ||||
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richtan
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10-Jun-2009 14:47
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Precisely, as u too agreed tat Elliot wave is very complex, tat is exactly the very reason why I never like to rely on EW but rather prefer to analyse using candlestick, volume, support, resistance, emas. It is not only complex but indeed extremely extremely complex. Well, each have their own preference, so to each his/her own.
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richtan
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10-Jun-2009 12:31
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From DMG: Midas shares up 11.8% on hopes of more deals Shares of Midas Holdings - which produces aluminium parts used to make trains - surged 11.8 per cent yesterday on hopes that the company would secure more contracts in China, dealers said. The stock ended at 71 cents, up 7.5 cents from 63.5 cents and was one of the most actively traded counters, with some 65.8 million shares changing hands. The company is mulling a fourth production line as it eyes more rail contracts in China, chief executive Patrick Chew told Reuters last week. He said that the firm is looking to win $200 million worth of contracts for high-speed and metro trains in China. Mr Chew said that it expects its third production line to be ready by 2010. This would raise capacity by 50 per cent. In a June 3 report, DMG & Partners Securities said that it continued to favour Midas as it is 'one of the chief beneficiaries of China's stimulus package'. Shares of Midas Holdings have risen 56.8 per cent over the past three months, outperforming the Straits Times Index by 1.66 percentage
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richtan
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10-Jun-2009 10:57
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Will this be good news for Ausgroup: China to Speed Australian Iron Ore Investment After Rio Rebuff By Jesse Riseborough June 10 (Bloomberg) -- China is set to accelerate investment in iron ore projects in Australia, the world’s biggest exporter, after the collapse of its deal to buy stakes in mines owned by Rio Tinto Group. “The opportunities for Chinese groups to come in and facilitate development of some of the smaller players is definitely going to start picking up pace,” said Eric Lilford, head of Australia mining at Deloitte Corporate Finance. Australia has A$26 billion ($21 billion) of proposed new iron ore mines, according to government estimates. Rio last week scrapped a planned $19.5 billion deal with Aluminum Corp. of China, known as Chinalco, in favor of a share sale and iron ore venture with BHP Billiton Ltd., dashing Chinese expectations of locking in more supplies. Aurox Resources Ltd., Grange Resources Ltd. and Atlas Iron Ltd. may attract increased investment from China, according to Ord Minnett Ltd., an affiliate of JPMorgan Chase & Co. “We won’t see this trend stopping or being deterred by Chinalco’s rejection because these companies are trying to get sustained supplies with stable prices,” said Zhou Xizeng, a Beijing-based analyst at Citic Securities Co. “Chinese companies have been successful in forming alliances with Australian junior miners.” Fortescue Metals Group Ltd., Australia’s third-largest iron ore exporter, declined 2.2 percent to A$3.11 yesterday on the Australian stock exchange, paring its gain this year to 61 percent. Atlas rose 3.7 percent, Aurox advanced 4.6 percent and Grange increased 2.3 percent. Billionaire Forrest Fortescue, controlled by billionaire Andrew Forrest, may be a target of Chinese investment with Baoshan Iron & Steel Co. and China Minmetals Group among companies seeking acquisitions of overseas mining projects as the nation opens its purse strings, Citigroup Inc. said last month. China may spend more than $500 billion on overseas resources investments over the next eight years, according to Deloitte Touche Tohmatsu. “It will refocus interest on the junior iron ore sector in the Pilbara” region of Western Australia, said Mike Young, managing director of Perth-based iron-ore explorer BC Iron Ltd. “The Chinese want to have a more personal level of involvement with their suppliers. The private mills in China will start looking at other players.” Rio, BHP and Brazil’s Vale SA, the world’s biggest exporter, control about 75 percent of the global iron ore exports. Steelmakers in China, Europe and Japan have said the planned venture between Rio and BHP, the world’s second- and third- largest producers, would limit competition. Monopoly Hints The China Iron & Steel Association has rejected an agreement reached by Rio Tinto and Japanese and Korean mills for a 33 percent cut in annual contract prices, still at the second- highest level on record. The BHP-Rio venture “hints heavily of monopoly,” the Chinese group said in a statement yesterday. China, the biggest buyer of iron ore, needs supplies to boost economic growth and the nation’s 4 trillion yuan ($585 billion) stimulus package has helped manufacturing expand, sparked record vehicle sales and boosted monthly imports of iron ore, copper and aluminum to records in April. A total of 33 “less advanced” iron ore projects, with an estimated cost of A$26 billion, are planned, the Australian Bureau of Resources and Agricultural Economics said in a report last month. Lower Grade Many are lower-grade, magnetite ore projects including Aquila Resources Ltd.’s A$4.1 billion West Pilbara project and Atlas Iron’s A$3 billion Ridley project. Magnetite needs greater processing than higher-grade hematite ore, which accounts for about 96 percent of Australia’s output, according to Gindalbie Metals Ltd. “The Chinese love magnetite so I’m sure they are going to push into the magnetite space big time,” Peter Arden, a resource analyst at Ord Minnett, said in an interview in Melbourne. “You are going to see at this stage multiple stakes being taken all over the place, to put their foot on it and keep others out.” To be sure, China may also invest in projects outside of Australia, said Alan Heap, managing director of global commodities for Citigroup in Sydney. “There is high grade ore in West Africa, there is high grade ore in India,” he said. Rio’s decision “aroused great repercussions among China’s enterprises and people,” Chinese foreign ministry’s spokesman Qin Gang said in an e-mailed statement yesterday. “However, we still believe China’s enterprises will continue” to carry out international investments and cooperation, he said. The trend toward overseas investment “won’t be changed just because of one or two cases of failure,” said Li Kejie, a spokesman at Sinosteel Corp., China’s second-largest iron-ore trader, which last year acquired Australian producer Midwest Corp. for A$1.4 billion in cash. Hunan Valin Iron & Steel Group, China’s ninth-largest steelmaker, this year bought a 17.3 percent stake in Fortescue for A$1.3 billion. Fortescue may need as much as $4 billion to proceed with plans to almost double output, Valin said last month. To contact the reporter on this story: Jesse Riseborough in Melbourne at jriseborough@bloomberg.net Last Updated: June 9, 2009 19:52 EDT |
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richtan
Supreme |
10-Jun-2009 10:38
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Ooops. must be either a super-rich man or woman.
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richtan
Supreme |
10-Jun-2009 10:37
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Someone bought up 451 lots @61.5 catching from the seller at 9:27am, i think must be a super rich man n must be expecting some good news or expecting price to shoot-up, otherwise he/she won't be so stupid to throw away his/her money, right. | ||||
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richtan
Supreme |
10-Jun-2009 09:26
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Midas volume had overtook Monday's volume within the first 26 mins of trade
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richtan
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10-Jun-2009 09:11
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Congrats to those holding Midas, broke resistance at 71.5 on high volume, 10,000 within the first 10 mins of trade. Lookout next: Ausgroup n China Hongxin
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richtan
Supreme |
09-Jun-2009 22:19
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Oooops, sorry, Ausgroup chart is in "Ausgroup" thread
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