Midas    Last:0.192   -

Midas

Midas has always been like that.  After announcing dividends, it will trade down, because the big-shortists wants to take back the dividends by pushing down the traded price. Same with most dividend counters.  After a while, they will allow the price to move up.

 

Midas is put in cold storage for a while longer. No hurry to defrost it.

 

 

lol...chill la bro...hahaha. ur reaction very big sia. lol

bh704428      ( Date: 21-May-2012 02:01) Posted: YOU ARE CRAZY LAH! You need to understand from 20 cts to 27.5 cts is  ABOUT a WHOPPING 40% DIFFERENCE  so how can u say is ABOUT the ipo price now?! 40% difference in stocks is NOT considered as negligible/or about there/around the same u cannot only see absolute price, we nned to see % in price difference If take SIA $10  , Then 40% DIFFERENCE is A WHOPPING $14 samsonite      ( Date: 19-May-2012 02:12) Posted: You have difficulty understanding the meaning of " about" IPO price? Okay then I will rephrase it as " close" to IPO price for your understanding. My purpose is to share that at this price those weaker holder probably have left the scene except those holding since IPO price. The shorts (who are definitely there by their 1 lot throwing action) can probably only try to shake those very long term holder off the tree which is pretty hard since their accumulated dividends over the years make it worth their wait to see Midas to better days in the future

 

YOU ARE CRAZY LAH!

You need to understand from 20 cts to 27.5 cts is  ABOUT a WHOPPING 40% DIFFERENCE  so how can u say is ABOUT the ipo price now?!

40% difference in stocks is NOT considered as negligible/or about there/around the same

u cannot only see absolute price, we nned to see % in price difference

If take SIA $10  , Then 40% DIFFERENCE is A WHOPPING $14

samsonite      ( Date: 19-May-2012 02:12) Posted: You have difficulty understanding the meaning of " about" IPO price? Okay then I will rephrase it as " close" to IPO price for your understanding. My purpose is to share that at this price those weaker holder probably have left the scene except those holding since IPO price. The shorts (who are definitely there by their 1 lot throwing action) can probably only try to shake those very long term holder off the tree which is pretty hard since their accumulated dividends over the years make it worth their wait to see Midas to better days in the future. neutral      ( Date: 19-May-2012 01:48) Posted: you are wrong. ipo price is 20 cts.......now 27 .5 cts . I remembered becos I applied 100 lots of midas ipo that time, ipo was 20 ct

 

I mentioned that Midas 's support is at 33 cents on 10/08/2011 , n it actually got support strongly at 32. cents n was tested several times in the last 8 months . But finally it broke this support on 15/05/2012   n fell further to 27 cents on Friday (18/05/2012 ) .

Bintang      ( Date: 10-Aug-2011 19:07) Posted: Hi , Midas 's support is at 33 cents  , n YZJ is at 98 cents . But I hope that it would not materialize . Sgshares      ( Date: 10-Aug-2011 17:33) Posted: Hi Bintang,   What is the current support and resistance levels for Midas & YZj? Appreciate your effort. Thank you.

 

You have difficulty understanding the meaning of " about" IPO price? Okay then I will rephrase it as " close" to IPO price for your understanding. My purpose is to share that at this price those weaker holder probably have left the scene except those holding since IPO price. The shorts (who are definitely there by their 1 lot throwing action) can probably only try to shake those very long term holder off the tree which is pretty hard since their accumulated dividends over the years make it worth their wait to see Midas to better days in the future.

neutral      ( Date: 19-May-2012 01:48) Posted: you are wrong. ipo price is 20 cts.......now 27 .5 cts . I remembered becos I applied 100 lots of midas ipo that time, ipo was 20 cts samsonite      ( Date: 18-May-2012 21:11) Posted: I traded intraday this stock today. The shortists that kept throwing 1 lot to depress the price seems to be from creadit swiss & dmg(the usual suspects). I think by year end Midas result should improve alot as the project they won in the last 2 years are completed. The price is about ipo price of 12 years ago, Midas should seriously consider share buyback to chase away the opportunistic ang moh shortists

 

you are wrong.

ipo price is 20 cts.......now 27 .5 cts .

I remembered becos I applied 100 lots of midas ipo that time, ipo was 20 cts

samsonite      ( Date: 18-May-2012 21:11) Posted: I traded intraday this stock today. The shortists that kept throwing 1 lot to depress the price seems to be from creadit swiss & dmg(the usual suspects). I think by year end Midas result should improve alot as the project they won in the last 2 years are completed. The price is about ipo price of 12 years ago, Midas should seriously consider share buyback to chase away the opportunistic ang moh shortists. Bopanha      ( Date: 18-May-2012 16:42) Posted: If the sellers who appears to be a big stakeholder have completed his selling, there will be a chance for Midas to move back above 50 cents, otherwise, it might try its low historic price.

 

I traded intraday this stock today. The shortists that kept throwing 1 lot to depress the price seems to be from creadit swiss & dmg(the usual suspects). I think by year end Midas result should improve alot as the project they won in the last 2 years are completed. The price is about ipo price of 12 years ago, Midas should seriously consider share buyback to chase away the opportunistic ang moh shortists.

Bopanha      ( Date: 18-May-2012 16:42) Posted: If the sellers who appears to be a big stakeholder have completed his selling, there will be a chance for Midas to move back above 50 cents, otherwise, it might try its low historic price.

 

If the sellers who appears to be a big stakeholder have completed his selling, there will be a chance for Midas to move back above 50 cents, otherwise, it might try its low historic price.

 

for short term. u done right, unless U are willingly to hold out to the last available next few Q.

stockwinner      ( Date: 17-May-2012 20:36) Posted: Don't know if I am had done the right thing :( .... stockwinner      ( Date: 17-May-2012 20:35) Posted: My pity Midas, forced to cut loss today... now from S$10k paper loss to real loss :(

 

mkt is bad due to Greek re-general election coming June, spook Euro zone, spook Dow and even Asian reginal bourses...nothing to do S-chips.

starlene      ( Date: 16-May-2012 12:54) Posted: Let's see how long it reamin above 30cts....matter of time go under...need to wait for ex dividend...not worth touching S chips..singaporeans all got plucked by SGX and the ipo managers earning fat fees... warrenbegger      ( Date: 15-May-2012 21:40) Posted: After  years and months when U turn your head and see the chart, I think those who hold long long cry until no tears liao. -90%+ S-chip is under water long ago, and now 90%+ is in deep shiit with rotten earning compare to the past. Pls wake up. If want to play long in S-chip, the time is still not now. Maybe one day S-chip will come to life again, but still not now :) *Disappointment after disappointment, When they going to wake up?

 

i bought midas around a year ago at a high price and bought around 70 lots. i am still holding on to midas because the business is intact. i still trust that this company will perform if there isnt any hanky panky going on inside the company. on a broader note, the world is in chaos now and china railway is getting ready to kick start again. factoring in this, that is the price that is reflected in midas.

from my research i believe that midas have the tools to construct the bull, but will the enviroment allow? i cant say so. but if its the broader market at fault, not only midas will go down but so will the rest.

just my 2 cents.


 

 

Upside limited downside all the way...U did the right thing

stockwinner      ( Date: 17-May-2012 20:36) Posted: Don't know if I am had done the right thing :( .... stockwinner      ( Date: 17-May-2012 20:35) Posted: My pity Midas, forced to cut loss today... now from S$10k paper loss to real loss :(

 

Don't know if I am had done the right thing :( ....

stockwinner      ( Date: 17-May-2012 20:35) Posted: My pity Midas, forced to cut loss today... now from S$10k paper loss to real loss :(

 

My pity Midas, forced to cut loss today... now from S$10k paper loss to real loss :(

 

Let's see how long it reamin above 30cts....matter of time go under...need to wait for ex dividend...not worth touching S chips..singaporeans all got plucked by SGX and the ipo managers earning fat fees...

warrenbegger      ( Date: 15-May-2012 21:40) Posted: After  years and months when U turn your head and see the chart, I think those who hold long long cry until no tears liao. -90%+ S-chip is under water long ago, and now 90%+ is in deep shiit with rotten earning compare to the past. Pls wake up. If want to play long in S-chip, the time is still not now. Maybe one day S-chip will come to life again, but still not now :) *Disappointment after disappointment, When they going to wake up? yeeen123      ( Date: 15-May-2012 21:31) Posted: Don't understand why ppl like this stock so much. So many of my colleagues bought this stock and got stuck inside after various attempt to average down...

 

After  years and months when U turn your head and see the chart, I think those who hold long long cry until no tears liao.

-90%+ S-chip is under water long ago, and now 90%+ is in deep shiit with rotten earning compare to the past. Pls wake up.

If want to play long in S-chip, the time is still not now. Maybe one day S-chip will come to life again, but still not now :)



*Disappointment after disappointment, When they going to wake up?

yeeen123      ( Date: 15-May-2012 21:31) Posted: Don't understand why ppl like this stock so much. So many of my colleagues bought this stock and got stuck inside after various attempt to average down...

 

Don't understand why ppl like this stock so much. So many of my colleagues bought this stock and got stuck inside after various attempt to average down... 

 

20 lots at 0.325 that is with CD of 0.005... though now market worth 0.31.. given that all negatively already price in. Any good news will start bring this counter up.

Remain HOLD position.

Howe123      ( Date: 09-May-2012 22:49) Posted: u bot how many lots at wat price? EddieLeong      ( Date: 09-May-2012 20:52) Posted: I think it already sell into strength. Q1 profit is expected base on last year incidents that Q1 profit lost is quite expected for many because of the train clash last year +   now the economics from euro like back to square 1.   2 main factors to consider --- Will china lead the economics from Q2 onwards? --- Will china government focus on infrastructure Vested some.

 

Wonder is he out..MR RichTan sold liao?..30.5cts matter of time to go below 30cts...buy STXOSV or Fragrance better than S chips

Bopanha      ( Date: 15-May-2012 11:59) Posted: Was RichTan, I remember his nick.  He was really very attached to this stock, but alas the market played him out with the BBs pressing down from $1.00 over to today's 31 cents. Pathetic BBs shortists, got no heart for " poor" investors. starlene      ( Date: 09-May-2012 22:40) Posted: Wow the way they trapped pple---one moment gd next moment lost in earnings...typical os S chips matter of time go below 30cts and difficult to go bk to his hey days of $1...there was a guy here actively promoting this stock previously when the counter kept announcing won contracts but its price remain range struck 85cts -$1.02,was lucky to escape at about 98cts.   Was at Capital land AGM at Westin when many investors also attend the AGM of Midas next door...many remain stuck at high level and hence waiting to sel