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Dow future up 165 pts. Europe mkt may go up in about half an hour time..Hopefully local STI will follow suit...Midas needs to cross above 42 cents to go upwards...
ZebraCrossing ( Date: 11-Aug-2011 14:35) Posted:
| Could be naked shortists getting caught out... =P
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Could be naked shortists getting caught out... =P
Moving up.. Hopefully will surge up to 48 cents and above...
Sgshares ( Date: 11-Aug-2011 14:14) Posted:
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U turn now
ya...$HORT until seow....Kepcorp and Ezra....anyway eyeing at SIA now....waitg for right signal to SHORT ! :P
ZebraCrossing ( Date: 11-Aug-2011 10:38) Posted:
Wa.. Nickyng! Once see you means got shorting opportunity leh!
You got short this counter anot? =)
nickyng ( Date: 11-Aug-2011 10:23) Posted:
| wah! still can hit 40cts now?!?!? NO BAD SIAH !! DEAD CAT bounced?!?!? sell into $TRENGTH$ ?!??! :P
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Cost averaging is not for every counter. As the saying goes, never catch a falling knife. Blue chip can use average down. S-Chip must play with caution and alot of guts.
Hulumas ( Date: 11-Aug-2011 12:57) Posted:
On September, I start money cost averaging and covering up my previous cut loss counters!
iPunter ( Date: 11-Aug-2011 09:11) Posted:
Not only this counter...
Almost every counter is 'record' dropping...
Do not average down... becaue no one
can see where the bottom is...  ...
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Regulators most likely to renew train cart orders of high speed rail as safety standards improve, midas secured 2 contracts in last 2 weeks after train crash topping 3.4 biliion plus plus.. LT looks awesome, if you guys have time check their balance sheets out. Up30-40% yoy last quarter. Fundamentally I see a gem here.
Peterong,
this was announced yesterday and yet BB are selling the stock into strength this morning. Besides the weak market,
1. China announced that they will suspend all rail contracts till further notice.
2. China rail ministry, already the most indebted here, sold bonds at higher interests rates which signals that investors have become less willing to risk their money with it.
3. Shares of China railway companies are still dropping in Hongkong today.
On September, I start money cost averaging and covering up my previous cut loss counters!
iPunter ( Date: 11-Aug-2011 09:11) Posted:
Not only this counter...
Almost every counter is 'record' dropping...
Do not average down... becaue no one
can see where the bottom is... ...
knightrider ( Date: 11-Aug-2011 09:08) Posted:
| Really salute this counter, keep breaking record for the low !!! I surrender this one liao, last buy price is S$0.41, bye bye, not going to do average any more !!! Nai Bei. |
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Midas Secures Two Metro Contracts Worth RMB95 Million
PR Newswire
SINGAPORE and HONG KONG, Aug. 10
SINGAPORE and HONG KONG, Aug. 10, 2011 /PRNewswire-Asia/ --
-- Expands market reach to Kunming with contract worth RMB33 million
to supply 120 train cars for Kunming Metro
-- Second contract worth RMB62 million to supply 192 train cars for
Guangzhou Metro Lines 1, 2 and 8
Midas Holdings Limited (" Midas" or the " Company" , together with its subsidiaries, the " Group" SGX-ST stock code: 5EN SEHK stock code: 1021) is pleased to announce that its Aluminium Alloy Division, Jilin Midas Aluminium Industries Co., Ltd (" Jilin Midas" ) has secured two contracts worth a combined RMB95 million from CSR Zhuzhou Electric Locomotive Co., Ltd.
Jilin Midas marks its breakthrough into Kunming, the provincial capital of Yunnan Province, with the Kunming Metro project. The contract will see Jilin Midas supplying aluminium alloy extrusion profiles for 20 train sets (1 train set = 6 train cars), or 120 train cars, for a value of RMB33 million. Delivery for this project is expected to take place between the second half of 2011 and 2013.
srill got to be careful, DOW one day up one day down. still up and down in a day, unless there is very clear direction.
don't get burnt
u can start loading them bt if the current price cant hold, its best to cut.
wa!!!! this is great man! so many counters all down! sooo cheap! my elephant gun is loaded and my hands are itchy!!! time to get a good deal of stocks in! MIDAS IS ONE OF THEM!
which other stocks you guys recommand?
seems like this morning's reverse is longer than yesterday's reverse, may be it's the strong DOW green, people don't sell down too quickly. up some more........That's what I have observed so far from a few counters..I might be wrong
Wa.. Nickyng! Once see you means got shorting opportunity leh!
You got short this counter anot? =)
nickyng ( Date: 11-Aug-2011 10:23) Posted:
| wah! still can hit 40cts now?!?!? NO BAD SIAH !! DEAD CAT bounced?!?!? sell into $TRENGTH$ ?!??! :P
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wah! still can hit 40cts now?!?!? NO BAD SIAH !! DEAD CAT bounced?!?!? sell into $TRENGTH$ ?!??! :P
don't need to be confused, it's casino. quite the same pattern as yesterday morning but the reverse price. moreover the DOW is so green now
why now all moving up? very confused
http://www.bloomberg.com/news/2011-08-10/china-government-to-suspend-approvals-on-rail-projects-after-deadly-crash.html/
All raill projects suspended until further notice.
Midas TA support levels at 0.335.
Good luck
I dont have the heart to short Midas...I love my friends here who are vested in this counter but that does not stop me from telling them that Midas is a great follower of Law of Gravity...
ZebraCrossing ( Date: 11-Aug-2011 09:50) Posted:
Seems like a trap is developing..
Becareful ppl... =P
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