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Midas Dual Listing announcement anytime soon
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Bopanha
Master |
17-Apr-2012 14:47
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Cut loss for me, as it never move beyond 36.5 cents today. |
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Bopanha
Master |
17-Apr-2012 12:14
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Midas appears all set to move. Over the past few months many counters have moved up leaving Midas behind. For those who long and losing money and have not cut loss, the time is near as I see Midas the tortoise will soon overtake all the hares of counters at sgx. So cross your fingers and wait with patience. | ||
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moneycow
Master |
05-Apr-2012 00:48
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Lost meant you sold lower than bought its lost. If you still holding the stock and have not sold, the units remain the same its only the paper price.... paper lost only not real lost yet. Unless you sold - gone and no hope for recovery is lost. If (not sure) only if..... due to some good news, it move up alot to over or at your bought price... your paper value goes back up... As said....maybe not la. Lets hope no problem with any accounting... link problem..else everything should be ok... It has been winning some contract yet...doesn't move...... Ezion today announce contract wins... move over $1.. Not sure what exactly is the funds houses or the BBs reservation about this one... analysis gave it above $1 target... but ... its one of the very non performing stocks. Not sure why though... Good luck.
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moneycow
Master |
05-Apr-2012 00:39
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Can hold its ok but the main worry about china based firm is in its accounting. That's the real problem about s-chip. If nothing happens in between than its ok. But if you are in the situation where you have no choice but to hold for long....there will be such worry and real risk. That sports brand china stock... so many ppl bought in...from 23 cents... to 29 cents than..accounting problem suspended...can't explain alot of counting questions....not keeping proper record of funds transaction etc etc... Good luck. |
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neesan
Member |
04-Apr-2012 23:24
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Howe123, sad to say I have got 100 lots. =( 5 digit loss. | ||
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Howe123
Member |
04-Apr-2012 18:16
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can share how many lots u bought at 60 cts?
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Bopanha
Master |
04-Apr-2012 16:34
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The calculation is just approximate though, since some people might buy more lots in smaller caps but it goes to show that he could recover some money and after he sold HLH he could still buy back Midas again. |
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Bopanha
Master |
04-Apr-2012 16:21
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Settowin said it is one of the alternatives, sell and buy a " good" penny that would skyrocket. Like if he sold Midas at 38 cents, and bought HLH at 1.5 cents, today he would have made back all the money invested in Midas and got some extra for profits. I think this is a good strategy but you need to find the right counter.
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dowcog
Veteran |
04-Apr-2012 15:38
Yells: "Don't fight the tape!" |
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Just to share, i got burnt pretty bad at 60c n 40c last yr. i cut once hit my 5-10c stop loss for penny stocks at these price levels. but I have since recovered. Wasn't easy. 5fig losses. cut loss always sound hard n painful. yes, its a realization of losses. but also its better to cut, rather than see your capital stuck too long. one loses on potential upside from other mkts n counters. I never suffered any counter with losses more than 30%, I cut when it trigger my 2nd stop-loss for any stock I hold. the 1st is trading stop-loss. very painful, but have to be hard n discipline. 僵 尸 (vampire). one may feel pain for the $ invested. but the mkt has no emotion. as other sifus mentioned before i think, if any stock one trade losses n is forced to pickup, usually it will not look gd unless you have a exit strategy. For me is to cut on rebound n not look back. There is always people who suffered more than 50% losses. At best based on TA, I will advised cut at break-even if they can hold for a couple of yrs. more than that, the capital take back n reinvest based on the strategies mentioned earlier, is a much better option. whether u reinvest at 5x, 3x of the original capital, depends on your risk appetite. capital usually the limiting factor anyway.. and yes, buying the counter back, one will be biased, or afraid. and if u do, usually u be more careful and have really tight stop loss/profit taking. just work on TA, and don't trade too much on it. if the counter is gd, don't waste the potential. gd luck. midas may still have chance. but $1 is off the charts for now, if can go back 60-80c, n i have it at $1, i cut and go. This my take. gd luck. |
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neesan
Member |
04-Apr-2012 15:11
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Viromics, I'm also stuck at this counter at 60cents and i'm holding it. Long prospect wise Midas will be okie but dunno how long will it takes. I think I might still have a gd chance at 60cents but for a dollar will be abit tough. My friend also holding it at 1.07 cents and hes not worrying about it. so you are not the worst. |
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rpires
Member |
04-Apr-2012 13:29
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Midas could be a gonner. there are few unstable factors when you enter into china trains business. 1. govt policies. i think the policies to speeding up trains development has slow down. train now drive slower and more focus on safety than pure pushing train growth. 2. corruption scandal. it just take 1 investigation, all hell broke lose! because of this, i stay away from this counter. dealing business with chinese govt is never gona be smooth as SKII. |
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th_iamy
Member |
03-Apr-2012 22:38
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Bro, Settowin are you alright or not, you advice him to sell midas and buy and hold those super penny, you are asking him to dig his own grave. SSorry friend, what I wanted to say is this: Another alternative is to sell the bugger and use the money to buy one good penny that is potntially going to rocket. This way you can make back your capital. Important, only penny stock that is capable of rocketing. Look for counters that will chiong like Ipco, HLH, MDR, Oceanus, etc. orry friend, what I wanted to say is this: I think two alternatives are open if one has bought high at $1.00 or higher. If you don't have too many counters, but just this one, first check your finances to see if you are able to buy five times more lots than you presently hold, and stay with the bugger until kingdom come if it shall be that way, or that the counter recovers and go back to around 48 cents to break even. Another alternative is to sell the bugger and use the money to buy one good penny that is potntially going to rocket. This way you can make back your capital. Important, only penny stock that is capable of rocketing. Look for counters that will chiong like Ipco, HLH, MDR, Oceanus, etc. |
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teeth53
Supreme |
03-Apr-2012 22:08
Yells: "don't learn through life, learn to grow with life " |
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Prince chraming, eat Tien Er Rou..?. or Lai Ha ma eat Tien Er Ruo..?.
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warrenbegger
Elite |
03-Apr-2012 21:59
Yells: "Anyhow Buy Anyhow Die ^_^" |
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LOL!!!
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hlfoo2010
Veteran |
03-Apr-2012 09:57
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NOT alway true ??
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settowin
Veteran |
03-Apr-2012 08:44
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Agreed with moneycow on holding to a loss. If you cut, you are gone because you may not come back to the counter again for pyschological reasons. You hated the bugger and would not have another look at it. But as I said, if you were stuck at $1, buy 5 times more lots to average down to 48 cents. This is more likely to hit in the shorter term than $1.00. You might even make a good profit. Cheers. |
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moneycow
Master |
02-Apr-2012 17:27
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Once CUT its GONE forever. If hold on still got chance to maybe hit 90cents in years........................ When CUT mean accept lost. Try to get back from other counter. BUT as long as you hold and you have the capital to do so. Maybe can hold for a while longer. IN years down the road it could go back 50% upside.....in a matter of time.... When ? No one really knows. Just last year analysis gave the target above $1. Maybe got chance. But maybe ask Tankuku he knows... |
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teeth53
Supreme |
02-Apr-2012 16:38
Yells: "don't learn through life, learn to grow with life " |
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Dual listing once look on as a flavour...then due to mis-manage by listing BBs, who got greedy. It seem now abit goyang, goyang (shaky)
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ice_red
Member |
02-Apr-2012 16:29
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am curious why a 2010 thread re-surface ? any reasons ? | ||
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settowin
Veteran |
02-Apr-2012 16:16
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Ok, do as you wish. But Oceanus is still hot on my menu. Abalones and seacucumbers are really very delicious to stomach. When Oceanus shows some sign of success, it should spike furious as the world is watching. Midas can come back after strong sellers become weak.
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