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Hi,
I am new to stocks trading. I have been following midas this few weeks. I have read read through some books and chart posted by rich tan. i agree that this counter has good TA but it has not been moving much.
How long do you think it will take to climb to 90cents?
risktaker ( Date: 02-Sep-2009 11:21) Posted:
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bennykusman ( Date: 02-Sep-2009 17:32) Posted:
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dcang84 ( Date: 02-Sep-2009 16:18) Posted:
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dcang84 ( Date: 02-Sep-2009 16:18) Posted:
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risktaker ( Date: 02-Sep-2009 11:21) Posted:
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richtan ( Date: 02-Sep-2009 12:10) Posted:
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Hi Bintang,
U r most welcome, but I hope u dun mind let me correct a bit of wat u said.
I do give advice on TA on a few counters but not possible on every counters
Bintang ( Date: 02-Sep-2009 11:44) Posted:
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Hi richtan , thank u so much too for your valuable advice in TA on every counter , n the encouragement from your post that make me have great belief in holding n buying of good counters that you mentioned , thanks again .
richtan ( Date: 02-Sep-2009 11:25) Posted:
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Hi Bintang,
Many thanks for your concurrence with my views, I also wish u "HUAT AHH!!" for all your trades.
Bintang ( Date: 02-Sep-2009 11:02) Posted:
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This baby will climb to around $0.90 :) watch
HUAT ah 8888
richtan ( Date: 02-Sep-2009 10:24) Posted:
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As per my chart analysis, once it breaks above 0.91, it will head towards 1.14, so ask yourself, is it better to buy now at a lower price instead of waiting till it break 0.91 to chase after it and end up buying at a higher price (remember Dr. Chan's newsletter reminder).
But dyodd n BOSAYOR and set your stop-loss.
risktaker ( Date: 02-Sep-2009 10:18) Posted:
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so many reasons to buy this midas
1) I think some people will be extremely unhappy if midas touches $0.80 and will intervene it.
2) Contract announcement & Q3 results will be very impressive.
3) This baby is in line with China stimulus. You cannot go wrong investing in a Baby that is making money & Fundementally strong.
4) Within 3 Months Should be around $1.16 - $1.20 Range
Your Safest Bet :) HUAT ah
It has to cross $0.895 to reach $1.00 Mark
September 09 newsletter - Dr YC Chan
曾渊沧@股友通讯录
MICA (P) 133/09/2008
九月份
Dear Friends
You may mark the August stock market being volatile, or boring.
Volatile because there were many days in August the ups and downs
of the market index from one day to another could add up to 2% difference.
The first day the market could go up by 2%, only to see it came down by 2% the next day
and went up by 2% again on the third day.
Punters’ sentiments kept changing amidst joy and anxiety.
They lost money everyday because they misjudged the market trend.
The worst tactics is to chase stocks when market is rising and cut loss when
it is coming down.
The market was boring because notwithstanding its volatility,
the market position remained the same as if nothing had happened.
Patience plays a very important part in stock investment.
Once you are sure it is a bull market, you should have the patience to hold
good quality stocks and ignore the daily price fluctuations.
Sideline yourself and become an observer; sell your stocks only when you think
the market fundamentals have altered.
This is the way to make big money.
Immersing in the daily market fluctuations, you may make several mistakes and
lose confidence and more mistakes followed.
There are many people who lose money in a bull market.
These are short term players who make wrong moves more often than the right moves.
What are the good quality stocks?
How to select them?
As the world keeps on changing; there is no such thing as a permanent good quality
The moment the stock market becomes bubbles, the value of good quality stocks disappears.
To be value conscious is the best way to select good quality stocks.
When the prices of some shares have gone up many folds over a short span of one
their value would naturally be discounted.
At present mid term bull market, under valued shares have become fewer and fewer.
The mid term bull market still has growth potential.
Unless there are adverse factors affecting the particular industry and corporate stocks
you are holding, you should not sell your holdings hastily.
Stock markets always behave ahead of economic data.
Therefore people who make big money are those who dare to venture into the markets facing collapse, as most of the shares would then be undervalued, some shares may price only 10% of their real worth.
Beside China, the global economy is not recovering, although signs of its recovery are there, probably before the end of this year.
Before economy recovery is officially acclaimed, share prices are mostly in “buy” category.
When recovery has been officially acclaimed, share prices may have skewed to the high side.
To enter the market for short term punting by then would be analogy to playing the last round of music chair: that if you do not know how to unload, you would not have a chair to sit on it.
starlene ( Date: 02-Sep-2009 10:11) Posted:
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My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.
If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start
making unconstructive comments and plse do not be so childish or lunatic as to abuse the
rating system by rating it as "bad post", accumulating for yourself and your
next generation, "bad" karma for your "bad" deeds.
If u think it is a bad post, then be constructive and kindly post your TA for sharing.
This is only my view n I may be right or wrong, so dyodd and SOBAYOR.
Midas's firm order book of 1.4 billion yuan (S$296 million), more anticipated contract wins in Sept - Nov 2009... will serve to under-gird valuations"
Midas at this point in time is bouncing up from the 50ema and Trade Summary shows more buy-ups:
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