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iPunter 10-Aug-2011 14:13
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After dropping so much, it i svery very hard for

stocks to go back up to prvious prices... , very hard... Smiley

Bintang 10-Aug-2011 14:12
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Now even 44 cents has become the resistance .

Bintang ( Date: 02-Aug-2011 11:56) Posted:

The downside target remains at 44 cents .

Bintang ( Date: 31-Jul-2011 16:01) Posted:

As from Midas 's weekly chart , it formed a shooting star on 24/09/2010 . The trend had become weak n started to trend down all the way . By then reaching 14/01/2011 , it formed again another shooting star, weekly DIs were negatively placed n ADX started to rise . It ran down rapidly in the comimg weeks to break the symmetrical triangle on 02/02/2011. By measuring this formation , it would to reach 73 cents , but it reached 66 cents instead . And it rebounded from here to form a bearish rising wedge in the next few weeks reaching 83.5 cents . The poor sentiment had never changed , it broke out of this formation again on 21/04/2011 . If the measurement is accurate , it may to achieve a downside target at 44 cents

medivh 09-Aug-2011 23:59
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Yep. After losing more than 10%.. there will be a likely rebound tomorrow or Thursday.

It may not be a buy signal... (cause you'll have to look at whether you are a trader or long-term investor)

alexchia01 ( Date: 08-Aug-2011 16:13) Posted:

There is a possibility of a technical rebound for every counters this week... LOL

Just don't treat this as a Buy Signal.

It's just a signal to prepare for the next Short.

Sgshares ( Date: 08-Aug-2011 13:57) Posted:

Hi Mr Alex, do you thing a possible technical rebound for this counter this week?

alexchia01 08-Aug-2011 16:13
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There is a possibility of a technical rebound for every counters this week... LOL

Just don't treat this as a Buy Signal.

It's just a signal to prepare for the next Short.

Sgshares ( Date: 08-Aug-2011 13:57) Posted:

Hi Mr Alex, do you thing a possible technical rebound for this counter this week?

xing78 08-Aug-2011 16:05
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I am anticipating a bounce (Dead Cat possibly) on the S& P500 within this week.

It could be tonight or tomorrow and then there could be another sell-off after the bounce until Botak Ben hints on QE3 (could be end of the year, probably 1 month before Christmas as they would want consumer to come out spending).

Good Luck :p

New123 ( Date: 08-Aug-2011 15:56) Posted:

Yup. Have a peace of mind with your investment. Looks like mkt has over-reacted with S& P downgrade.This is quite similar with the Europe debts issue. I think they might be smiling all the way to the banks to pick up shares at a lower prices...

xing78 ( Date: 08-Aug-2011 15:41) Posted:

Maybe, but I am not comfortable to hold onto open positions going into the National Day.

By the time markets resumes trading on Wednesday, anything could happen.

:p

New123 08-Aug-2011 15:56
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xing78 ( Date: 08-Aug-2011 15:41) Posted:

Maybe, but I am not comfortable to hold onto open positions going into the National Day.

By the time markets resumes trading on Wednesday, anything could happen.

:p

New123 ( Date: 08-Aug-2011 15:24) Posted:

Euro shares are going up.. Looks like STI may narrow the losses today..

Sgshares 08-Aug-2011 15:44
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Strange market....DOW future is not as read as just now...Europe is green & some very green. HSI reducing losses...crazy

xing78 08-Aug-2011 15:41
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Maybe, but I am not comfortable to hold onto open positions going into the National Day.

By the time markets resumes trading on Wednesday, anything could happen.

:p

New123 ( Date: 08-Aug-2011 15:24) Posted:

Euro shares are going up.. Looks like STI may narrow the losses today...

xing78 ( Date: 08-Aug-2011 14:37) Posted:

Futures (Euro) now down more than -2% across the board.

Any bounce up could be due to just shorts covering.

New123 08-Aug-2011 15:24
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Euro shares are going up.. Looks like STI may narrow the losses today...

xing78 ( Date: 08-Aug-2011 14:37) Posted:

Futures (Euro) now down more than -2% across the board.

Any bounce up could be due to just shorts covering.

xing78 08-Aug-2011 14:37
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Futures (Euro) now down more than -2% across the board.

Any bounce up could be due to just shorts covering.

stockwinner 08-Aug-2011 14:27
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STI rebounding now...

uncleti88 08-Aug-2011 14:16
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better to wait for broader trend to go up... now is for shorts Uncle Ti 88 http://uncleti88.blogspot.com/ ---- I trade using simple moving average and Commitment of Traders Proxy (COT Proxy) + some other special ingredients that Colonel Sanders will be proud of. I win some I lose some. But I make sure my wins make up more than the losses!

Sgshares 08-Aug-2011 13:57
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Hi Mr Alex, do you thing a possible technical rebound for this counter this week?

Sgshares 08-Aug-2011 13:44
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Thanks for your advice.

alexchia01 08-Aug-2011 13:43
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Now is already too late for shorting...

Your best bet is to wait for a pull back and short when the down trend resumes.

Buying is definitely a No No...

Sgshares ( Date: 08-Aug-2011 13:34) Posted:

what price is good for shorting?

alexchia01 ( Date: 08-Aug-2011 11:50) Posted:

OMG!!! Why you die-die want to die!!!

This bugger is not coming back liao lah.

What goes up, then must come down.

What goes down, usually stay down, especially this kind of stock.

Sgshares 08-Aug-2011 13:34
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what price is good for shorting?

alexchia01 ( Date: 08-Aug-2011 11:50) Posted:

OMG!!! Why you die-die want to die!!!

This bugger is not coming back liao lah.

What goes up, then must come down.

What goes down, usually stay down, especially this kind of stock.

New123 ( Date: 08-Aug-2011 11:37) Posted:

Yup. Buy some to take advantage of this good price. Mkt will soon get over the current sentiment and move up from here. Remember ..What goes down must come up ..

nickyng 08-Aug-2011 12:21
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I AM SHOCKED AND AWKED !!! OMG !! 40CTS IS POSSIBLE OSO LIAO ! :P

Bintang ( Date: 08-Aug-2011 11:03) Posted:

It went even lower to 42.5 cents .

nickyng ( Date: 08-Aug-2011 09:16) Posted:

possible...BUT UNLIKELY...any1 still loading this burger in lorries?!?! LOL :P

New123 08-Aug-2011 12:00
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Don't worry. This counter won'd die. it has many contracts to carry out for the next 5 years..Also more contracts to be secured is on the way. I have faith and condidence in this stock..

alexchia01 ( Date: 08-Aug-2011 11:50) Posted:

OMG!!! Why you die-die want to die!!!

This bugger is not coming back liao lah.

What goes up, then must come down.

What goes down, usually stay down, especially this kind of stock.

New123 ( Date: 08-Aug-2011 11:37) Posted:

Yup. Buy some to take advantage of this good price. Mkt will soon get over the current sentiment and move up from here. Remember ..What goes down must come up ..

alexchia01 08-Aug-2011 11:50
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OMG!!! Why you die-die want to die!!!

This bugger is not coming back liao lah.

What goes up, then must come down.

What goes down, usually stay down, especially this kind of stock.

New123 ( Date: 08-Aug-2011 11:37) Posted:

Yup. Buy some to take advantage of this good price. Mkt will soon get over the current sentiment and move up from here. Remember ..What goes down must come up ...

Bintang ( Date: 08-Aug-2011 11:03) Posted:

It went even lower to 42.5 cents

New123 08-Aug-2011 11:37
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Yup. Buy some to take advantage of this good price. Mkt will soon get over the current sentiment and move up from here. Remember ..What goes down must come up ...

Bintang ( Date: 08-Aug-2011 11:03) Posted:

It went even lower to 42.5 cents .

nickyng ( Date: 08-Aug-2011 09:16) Posted:

possible...BUT UNLIKELY...any1 still loading this burger in lorries?!?! LOL :P

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