Midas    Last:0.192   -

Midas

It is consolidating at around 85 cents before moving up to a dollar in Sep/Oct

bennykusman      ( Date: 27-Aug-2009 18:34) Posted: you are right! midas down risktaker      ( Date: 27-Aug-2009 13:33) Posted: I really hope i am wrong. But it seems to me Midas is going for a drop.

 

you are right! midas down

risktaker      ( Date: 27-Aug-2009 13:33) Posted: I really hope i am wrong. But it seems to me Midas is going for a drop. bennykusman      ( Date: 27-Aug-2009 13:25) Posted: ok.. so u predit this share will go up or down today

 

I am looking to buy this baby @ $0.82 - to me thats the real support. 

richtan      ( Date: 27-Aug-2009 15:45) Posted: Noticed tat Midas train had moved up by one gear, support moved up from 25ema to 15ema. All the emas are uptrending and intact. Shortists can at most tickle the daily price gyrations to incite fears but do not have tat super-natural powers to derail this train unless Midas fundamentals changed or something unfortunate happens, touch wood. If Midas FA changed or something untowards happen, I will not hesitate to exit and abandon the train.

 

reply of SGX about market manipulation:

 

Thank you for bringing this matter to our attention.

Please be assured that as part of its market surveillance function, SGX monitors the
movements in price and trading volumes of listed companies, taking into account
various factors including public information, company specific news, counter
specific trends, industry trends, economic factors or prevailing market sentiment,
which can explain the market activity. SGX also conducts investigations into trading
irregularities and any contravention of the rules, including market manipulation.
However, SGX does not routinely announce or comment on any investigations of
specific listings. We would like to seek your understanding that any investigations
that we may undertake are necessarily confidential.

Once again, thank you for making an effort to share with us your concerns.

Yours sincerely,

Jacqueline Wong
Singapore Exchange Limited

 

just bot this.. ;)

 

Noticed tat Midas train had moved up by one gear, support moved up from 25ema to 15ema.

All the emas are uptrending and intact.

Shortists can at most tickle the daily price gyrations to incite fears but do not have tat super-natural powers to derail this train unless Midas fundamentals changed or something unfortunate happens, touch wood.

If Midas FA changed or something untowards happen, I will not hesitate to exit and abandon the train.

 

richtan      ( Date: 27-Aug-2009 11:52) Posted:

 

Personally. I m not bothered by all these "seems" whether Midas is going to drop or up today or tomoro, as long as the mid to long term trend is up n no reversal sign, I m not unduly worried by all this predators noises to instil fear in weak holders and savage them up, only to later see the prices goes up.

I believe in the trend (mid to long term), I always remember one of my 3 golden mantras: "The trend is your friend", until the trend changes and turn down or I see a reversal sign, then I will exit, I m a trader, so I dun fall in love with any particular stocks

risktaker      ( Date: 27-Aug-2009 13:33) Posted: I really hope i am wrong. But it seems to me Midas is going for a drop. bennykusman      ( Date: 27-Aug-2009 13:25) Posted: ok.. so u predit this share will go up or down today

 

 , OIC, No offence intended, I hoped it is not bcos u r waiting to buy at lower price, so try to "talk down", just to let u know, its an exercise in futility, the mkt is too big to talk up or down in a forum.

As I said, let the mkt talks by itself, just as "we might see it go up in the afternoon",  it is anybody's guess unless u have divine powers or u r right just by sheer luck, tikam-tikam.

risktaker      ( Date: 27-Aug-2009 12:47) Posted: Long Term. Midas is extremely well. I am still holding and wanting to buy more @ lower price. However we might see drop coming in the afternoon. To Contra player better exit asap.

 

U r most welcome, but remember, I m just sharing wat I saw, so dyodd n BOSAYOR.

Laulan      ( Date: 27-Aug-2009 14:04) Posted: Thks Richtan, I saw your post in Swiber.  Actually bought Swiber early in the morning after lifting halt, then sold for a 6 cents profit.  Bought at 95 cts and sold at 1.01 sameday.  Now it is going up, but no regrets. Cheers. richtan      ( Date: 27-Aug-2009 11:29) Posted: See my posting in Swiber thread, negative write-up by DMG fy

 

Thks Richtan, I saw your post in Swiber.  Actually bought Swiber early in the morning after lifting halt, then sold for a 6 cents profit.  Bought at 95 cts and sold at 1.01 sameday.  Now it is going up, but no regrets. Cheers.

richtan      ( Date: 27-Aug-2009 11:29) Posted: See my posting in Swiber thread, negative write-up by DMG fyi Laulan      ( Date: 27-Aug-2009 10:37) Posted: Turning attention more to Swiber.

 

I really hope i am wrong. But it seems to me Midas is going for a drop.

bennykusman      ( Date: 27-Aug-2009 13:25) Posted: ok.. so u predit this share will go up or down today ? risktaker      ( Date: 27-Aug-2009 13:24) Posted: I can analyse info/data very well :) however due to my trade secrets i cannot revealed how i do i

 

ok.. so u predit this share will go up or down today ?

risktaker      ( Date: 27-Aug-2009 13:24) Posted: I can analyse info/data very well :) however due to my trade secrets i cannot revealed how i do it bennykusman      ( Date: 27-Aug-2009 13:05) Posted: hi ristaker, looking at ur writing. u seems to know much about the market.. may i know what judgement/info do you use to make ur decision whether to exit or not ? or just simply say based on the regional market ?

 

I can analyse info/data very well :) however due to my trade secrets i cannot revealed how i do it

bennykusman      ( Date: 27-Aug-2009 13:05) Posted: hi ristaker, looking at ur writing. u seems to know much about the market.. may i know what judgement/info do you use to make ur decision whether to exit or not ? or just simply say based on the regional market ? risktaker      ( Date: 27-Aug-2009 12:47) Posted: Long Term. Midas is extremely well. I am still holding and wanting to buy more @ lower price. However we might see drop coming in the afternoon. To Contra player better exit asap.

 

hi ristaker,

looking at ur writing. u seems to know much about the market.. may i know what judgement/info do you use to make ur decision whether to exit or not ? or just simply say based on the regional market ?

risktaker      ( Date: 27-Aug-2009 12:47) Posted: Long Term. Midas is extremely well. I am still holding and wanting to buy more @ lower price. However we might see drop coming in the afternoon. To Contra player better exit asap.

 

Long Term. Midas is extremely well. I am still holding and wanting to buy more @ lower price.

However we might see drop coming in the afternoon. To Contra player better exit asap. 

 

Personally. I m not bothered by whether they will go up by tomoro or next day, as long as the mid to long term trend is up n no reversal sign, I m not unduly worried by all this predators noises to instil fear in weak holders and savage them up, only to later see the prices goes up.

I believe in the trend (mid to long term), I always remember my 3rd golden mantra: "The trend is your friend", until the trend changes and turn down or I see a reversal sign, then I will exit, I m a trader, so I dun fall in love with any particular stocks

risktaker      ( Date: 27-Aug-2009 12:23) Posted: Lacking of a shield like Genting. I dont think it will go up by tomorrow. bennykusman      ( Date: 27-Aug-2009 12:18) Posted: huat

 

Lacking of a shield like Genting. I dont think it will go up by tomorrow.

bennykusman      ( Date: 27-Aug-2009 12:18) Posted: huat! richtan      ( Date: 27-Aug-2009 11:52) Posted: I love all these shortist, when they start to panic and cover their shorts, they help to push up the price just like a compressed spring when released. Those shortists are risktakers taking extreme risk of being burnt as Midas is always in the habit of springing surprise announcements of contracts award, dun be caufght off-guard, see OCBC write-up below: From OCBC Investment Research: 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"

 

huat!

richtan      ( Date: 27-Aug-2009 11:52) Posted: I love all these shortist, when they start to panic and cover their shorts, they help to push up the price just like a compressed spring when released. Those shortists are risktakers taking extreme risk of being burnt as Midas is always in the habit of springing surprise announcements of contracts award, dun be caufght off-guard, see OCBC write-up below: From OCBC Investment Research: 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" richtan      ( Date: 27-Aug-2009 11:46) Posted: Afternoon "might also" be very green. Anybody's guess. Also be equally careful. Anyway, doesn't really matters whether today green or red, this are just noises, doesn't negate Midas strong FA and mid to long-term trend.

 

I love all these shortist, when they start to panic and cover their shorts, they help to push up the price just like a compressed spring when released.

Those shortists are risktakers taking extreme risk of being burnt as Midas is always in the habit of springing surprise announcements of contracts award, dun be caufght off-guard, see OCBC write-up below:

From OCBC Investment Research:

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"

richtan      ( Date: 27-Aug-2009 11:46) Posted: Afternoon "might also" be very green. Anybody's guess. Also be equally careful. Anyway, doesn't really matters whether today green or red, this are just noises, doesn't negate Midas strong FA and mid to long-term trend. risktaker      ( Date: 27-Aug-2009 11:39) Posted: Afternoon "might" be very red. Becareful.