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Tomorrow is T+3 expiry date. Next tuesday is T+5 expiry date. I will wait till next tuesday and decide if I am going to sell it.
No point selling now since BB shall cover it short soon. Unless really got a lot of seller, he manage to cover his short.
SGX environment give a lot of chance to shortist now.
bought at 0.4...
Real BB is in. Heavy sell down @ 0.40.
All the best friend.
I will keep till next week. BB shorting is one one thing, there is really no buyer in the market.
joshplim ( Date: 01-Nov-2012 13:52) Posted:
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sold already. can not tahan keep dropping every day...something happen.
China PMI surveys point to ongoing recovery
By Chris Oliver, MarketWatch
HONG KONG (MarketWatch) – China’s manufacturing activity rose to a multi-month high in October, according to rival business surveys released on Thursday, bolstering the view that the world’s second largest economy has turned the corner.
http://sg.finance.yahoo.com/echarts?s=5EN.SI#symbol=5en.si range=3m compare=1021.hk indicator=volume charttype=area crosshair=on ohlcvalues=0 logscale=off source=undefined
I notice interesting thing. Midas in HK up about 8 to 10% yesterday, today drop back 9%.
OK. thanks to Midas in SGX again!!!
BBs took the speed train " chow lorh" liao. No guts to enter market, afraid of the fiscal cliff coming lah.
skk888 ( Date: 01-Nov-2012 11:12) Posted:
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Is it BB at work or just many retailers? The value of transacted so far today is just $600k, compared to those that BB really dabbles (e.g. Golden Agri - $20+m now, Noble Group - $12+m now etc.). I seriously doubt any " BB" is in the game for MIDAS.
Better still sell until 0.395?
BBs have no guts to sell at 0.40?
I still have not collected enough yet, patience needed to buy at cheaper price, hope can get some at 0.40 today.
Let's bet on rally after 3Q result release on 14 Nov.
China PMI expanded. Sooner or later this MIDAS will rally big.
CSR reported profit up by 20.8% in China on 26th Oct in their share reports, guess that is why the share price up in Shanghai and Hong Kong exchange
Not to worry, today continue support at 0.40.
khng2012 ( Date: 01-Nov-2012 10:08) Posted:
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http://www.bloomberg.com/quote/1766:HK
CSR Continue up.
After Midas, I want to abandon SGX. It is really a hopeless exchange.
I bet very big for train industry recovery in 6 to 1 year time 6 month ago and bought Midas. Yes, It is recovering now and all train industry shares are up crazy in Hong Kong.
I bet right but I bet on wrong exchange. Really Ganasai Exchange.
because there's time for the money to come in (which is from months to years). for the next two quarter reports for this year, the gain will not be reflected.
aircraft ( Date: 31-Oct-2012 21:33) Posted:
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midas is weird 1 leh, the more reports on contracts won, the lower its stock price dive...
It is just in accumulation mode, I think. Price now rather low considering the bright future ahead for China's infrastructures and developments despite slower growth than previous years. Slower growth is just statistics, but can development for infrastructures come to a stop? surely cannot. Stopping growth means suicide. So new projects will still be coming forth from the pipelines for Chinese cities and provinces.
khng2012 ( Date: 31-Oct-2012 19:49) Posted:
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