
issue profit warning + Dow  lau sai..... morning no eye see liao..........
Moral of the story........???
khng2012, read your earlier posts. Thought you were always a strong proponent of midas going up in the near future. How come sell all? 
Sell all tomorrow morning, no matter lose how much. It up in the future is his business.
From today, so long as related to china stock, all don't touch.
Sgshares ( Date: 07-Nov-2012 22:57) Posted:
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Well said...dont trust S-chip...simply cant be trusted.
khng2012 ( Date: 07-Nov-2012 17:41) Posted:
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still have half of my bullet. Actually, I am expecting one more up thrust which will test last high. It seems it won't happen and Europe could be the catalyst for the pull back.  It's not too late to join the party now, thanks for couple of days upside. 
Let's the party start. The only regret, I can't get ChinaMinZhong. can't get position since last week. Hopefully, you get some.  
chartreader ( Date: 07-Nov-2012 21:39) Posted:
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damne it, tmr gotta cut loss. why give dividends b4 earnings are announced?  so misleading.
 
TA suggests more downward. technically bearish trending down with lower lows and lower hights,  forming broken " WING" along with Shooting Starts......soon soon shooting from Pasir Ris to Jurong Island......conform not a good sign.....thus will trending towards $0.27 support.
I like TA.......TA is the  ART........Unlike FA has nothing certain......more jialat you need to TIY (Tikam it youself) the future price.
Im currently  SHORT    big big...........NO $ 0.27 CONFROM    NO COVER..........               

 

Bro, this one I do not short. I have too many short in my speculative portfolio already.
solomonster ( Date: 07-Nov-2012 21:11) Posted:
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can collect cheaper at 30 - 32 cents..
Manage to add your position last time?
chartreader ( Date: 07-Nov-2012 21:01) Posted:
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Big players must have received the news before the formal announcement, that's why they have been selling. For rich & powerful person, information comes to them. They do not need to search for it.
khng2012 ( Date: 07-Nov-2012 17:41) Posted:
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Vested some. Can only wait for price to drop until stabalised then collect cheap cheap to add on. That's why never use up all your bullets or play contra.
catalyst ( Date: 07-Nov-2012 19:22) Posted:
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Stay away from this one for now.
Overall shld benefit from future projects. Wait for the price to drop further to collect again.
Someone posted before that he bought his stakes from citibank.I keep wondering why they still would like to release it. Now, I know. Compare to us, they have dedicated team for research and expertise. If it will be a good result and potential, surely they will keep for long term.
Just my thought
Tomorrow hosay liao.
Bro, this Q is worse. Last Q is dropping in profit. This Q making loss.
Much different. I really can't imagine Midas will become another S-chip.
halleluyah ( Date: 07-Nov-2012 18:00) Posted:
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Hope nt tt bad like last quarter significant losses
khng2012 ( Date: 07-Nov-2012 17:49) Posted:
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The Board of Directors (the “Board”) of Midas Holdings Limited (the “Company”) wishes to
inform the shareholders of the Company and potential investors that the Company expects to
report an unaudited net loss for the three months ended 30 September 2012 (“3Q2012”).
This is mainly due to:
- Lower revenue
- Higher operating expenses and finance cost
- Share of loss from its associated company, Nanjing SR Puzhen Rail Transport Co.,
Ltd.
Nevertheless, the Company’s consolidated results for the nine months ended 30 September
2012 (“9M2012”) are expected to remain profitable. Further details regarding the Company’s
financial performance will be made available on 14 November 2012 when the Company
finalises and discloses its unaudited consolidated financial results for 3Q2012 and 9M2012.
Shareholders of the Company and potential investors are advised to exercise caution when
dealing in the shares of the Company.
 
Profit in 6 month is RMB 16Mil. 9M still profitable mean less than 16 Mil loss. Typical Chew family trip.
Don't know tomorrow after closing will announce project or not.
They used the dividend reminder to lock in investors. Not very honorable.