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Midas

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richtan
    25-Aug-2009 10:04  
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From OCBC Investment Research:


Shanghai Stock Exchange Composite (SSEC) – Retesting the 3000 key resistance

More upside in the coming week: SSEC is likely to re-test the 3000 key support-turned-resistance level in the coming week after staging a strong rebound off its 8-month downtrend line.


Indicators show signs of a turnaround:
With the RSI already showing oversold signals and the MACD showing a possible bottoming, the bearish momentum could be coming to an end soon.  



thomas_low      ( Date: 25-Aug-2009 00:52) Posted:

Vol is not so high, next Midas warrant gonna come out, people think this will cheong like no tomorrow. What do you think? I sense very few are entering this into their books as volatility increases, fear is in the air, HSI and SSE are brewing fermenting and give out a lot of gasses.

 
 
richtan
    25-Aug-2009 10:01  
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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"

tonylim      ( Date: 25-Aug-2009 03:14) Posted:

Patience is virtue especially for good stock.Just a matter of time.  Slew of project reporting in Sep and better take position now before it hits above a $1

thomas_low      ( Date: 25-Aug-2009 00:52) Posted:

Vol is not so high, next Midas warrant gonna come out, people think this will cheong like no tomorrow. What do you think? I sense very few are entering this into their books as volatility increases, fear is in the air, HSI and SSE are brewing fermenting and give out a lot of gasses.


 
 
starlene
    25-Aug-2009 09:46  
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many pple lose [patience with MIDAS..despite 2 big contracts,yet the price did not close >$1...

New Midas Warrant - A First Yet Again
25 Aug 09

 

Macquarie is pleased to list the following warrants today:

Call warrant MIDAS MBLeCW100202 (I0KW) exercise price $0.95.*

Call warrant HSI20200MBLeCW091029 (I0LW) exercise 20,200 index points.*

Call warrant HSI21200MBLeCW091029 (I0MW) exercise 21,200 index points.*

Put warrant HSI20600MBLePW091029 (I0NW) exercise 20,600 index points.*

Put warrant HSI19600MBLePW091029 (I0OW) exercise 19,600 index points.*


Macquarie is pleased to be the first to issue a call warrant which provides geared exposure to a new underlying...

Macquarie is pleased to list the following warrants today:

Call warrant MIDAS MBLeCW100202 (I0KW) exercise price $0.95.*

Call warrant HSI20200MBLeCW091029 (I0LW) exercise 20,200 index points.*

Call warrant HSI21200MBLeCW091029 (I0MW) exercise 21,200 index points.*

Put warrant HSI20600MBLeCW091029 (I0NW) exercise 20,600 index points.*

Put warrant HSI19600MBLeCW091029 (I0OW) exercise 19,600 index points.*


Geared exposure to Midas
Macquarie is pleased to be the first to issue a call warrant which provides geared exposure to a new underlying, Midas Holdings.

Midas Holdings Limited designs, manufactures and installs polyethylene (PE) pipes as well as alloy extrusion products.

Midas posted 10.1% Year-on-Year (YoY) growth in 2Q09 net profit to S$9.4 million on the 14th August 09. Sales from the company’s core business, the Aluminium Alloy Division, grew by 17.9% YoY to S$36.0 million and contributed to about 95.4% of total revenue.


Outlook For Midas
Since June 2009, Midas has secured more than RMB1 billion worth of new contracts.
The company has stepped up its capacity expansion plans in view of the increased customers’ orders and potential market demand from the railway industry (SGX announcements).


Share price performance
Midas’ share price surged 3.0% day-on-day to close at $0.86, edging back closer to its 12 months high level of $0.88 achieved at the start of this month. Week on week, it rose 3.0% in line with a 2.6% increase in the STI.

 

 



tonylim      ( Date: 25-Aug-2009 03:14) Posted:

Patience is virtue especially for good stock.Just a matter of time.  Slew of project reporting in Sep and better take position now before it hits above a $1

thomas_low      ( Date: 25-Aug-2009 00:52) Posted:

Vol is not so high, next Midas warrant gonna come out, people think this will cheong like no tomorrow. What do you think? I sense very few are entering this into their books as volatility increases, fear is in the air, HSI and SSE are brewing fermenting and give out a lot of gasses.


 

 
tonylim
    25-Aug-2009 03:14  
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Patience is virtue especially for good stock.Just a matter of time.  Slew of project reporting in Sep and better take position now before it hits above a $1

thomas_low      ( Date: 25-Aug-2009 00:52) Posted:

Vol is not so high, next Midas warrant gonna come out, people think this will cheong like no tomorrow. What do you think? I sense very few are entering this into their books as volatility increases, fear is in the air, HSI and SSE are brewing fermenting and give out a lot of gasses.

 
 
thomas_low
    25-Aug-2009 00:52  
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Vol is not so high, next Midas warrant gonna come out, people think this will cheong like no tomorrow. What do you think? I sense very few are entering this into their books as volatility increases, fear is in the air, HSI and SSE are brewing fermenting and give out a lot of gasses.
 
 
edskh78
    24-Aug-2009 22:47  
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In English, it is said as "got aeroplaned".

richtan      ( Date: 24-Aug-2009 21:55) Posted:

benny,

No, it means "get played out by a person", ie, being cheated or lied by a person tat sounds so convincing, persuasive or broke promise.



bennykusman      ( Date: 24-Aug-2009 21:47) Posted:

get played out ? which means dont play


 

 
ozone2002
    24-Aug-2009 22:32  
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did some TA analysis just now

Stochastic is turning up with blue line cutting the red (bullish)

MACD histogram turning green after a series of red (bullish)

CCI upward move to 0 showing oversold (bullish)

Looks like Midas is gettin back its form.. hope to see more upside tomorrow.. Cheers!

DYODD..
 
 
pikachu
    24-Aug-2009 22:17  
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How come my picture come out?

That's copyrighted.



daphnecsf      ( Date: 24-Aug-2009 17:15) Posted:





Sweet! Today Midas has breakout 15 days EMA!

 
 
knightbridge
    24-Aug-2009 22:01  
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Hope the $1 mark will clear within this year.. Sweet Congrats..



daphnecsf      ( Date: 24-Aug-2009 17:15) Posted:





Sweet! Today Midas has breakout 15 days EMA!

 
 
richtan
    24-Aug-2009 21:55  
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benny,

No, it means "get played out by a person", ie, being cheated or lied by a person tat sounds so convincing, persuasive or broke promise.



bennykusman      ( Date: 24-Aug-2009 21:47) Posted:

get played out ? which means dont play ?

richtan      ( Date: 24-Aug-2009 21:23) Posted:

OIC, I now realised wat it is : "Fong Fei Kei" means "get played out" in Cantonese


 

 
bennykusman
    24-Aug-2009 21:47  
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get played out ? which means dont play ?

richtan      ( Date: 24-Aug-2009 21:23) Posted:

OIC, I now realised wat it is : "Fong Fei Kei" means "get played out" in Cantonese.

richtan      ( Date: 24-Aug-2009 21:05) Posted:

Just curious, can anyone who knows wat is "FFK" in Cantonese, plse explain, thks a lot


 
 
richtan
    24-Aug-2009 21:23  
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OIC, I now realised wat it is : "Fong Fei Kei" means "get played out" in Cantonese.

richtan      ( Date: 24-Aug-2009 21:05) Posted:

Just curious, can anyone who knows wat is "FFK" in Cantonese, plse explain, thks a lot.

dealer0168      ( Date: 24-Aug-2009 13:45) Posted:

bennykusman, yr cantonese not bad mah....hah


 
 
richtan
    24-Aug-2009 21:18  
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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
    24-Aug-2009 21:13  
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Take a look at SAR cup and handle, Midas chart (see below) also shows such formation, in the nascent stage



 
 
richtan
    24-Aug-2009 21:12  
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Below is my chart analysis for sharing and exchange pointers.

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.

 

 
richtan
    24-Aug-2009 21:09  
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Patience has its virtues and proves all those naysayers tat bad-mouthed Midas wrong. 

Congrats especially to those who followed my postings and chart analysis and dared to buy since last few days when it presents many good opportunities when it bounced off the 15ema and 25ema with tight stop-loss if it close below the 25ema or 65ema.

Peronally, I will exit if it breaks and closed below the 65ema for 2 continuous days and the 3rd day, there is no reversal sign or bullish harami
 
 
richtan
    24-Aug-2009 21:05  
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Just curious, can anyone who knows wat is "FFK" in Cantonese, plse explain, thks a lot.

dealer0168      ( Date: 24-Aug-2009 13:45) Posted:

bennykusman, yr cantonese not bad mah....haha

bennykusman      ( Date: 24-Aug-2009 12:59) Posted:

no.. it's not vulgar.. it's a canton word, but not sure how it's written, probably " fong fai kei"


 
 
DnApeh
    24-Aug-2009 20:08  
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Pikachu! Use quick attack!

daphnecsf      ( Date: 24-Aug-2009 17:15) Posted:





Sweet! Today Midas has breakout 15 days EMA!

 
 
edskh78
    24-Aug-2009 17:24  
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Gambatte ne.........
 
 
ozone2002
    24-Aug-2009 17:22  
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nice close @ 86.. with close to 900 lots done at the last min..

looking forward to more upside..



ozone2002      ( Date: 24-Aug-2009 13:02) Posted:

midas is inching up slowly..gotta clear 86 to have a significant move up

 
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