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9241-9260 of 10484
Walk the talk. Let's see how far you can short this.
risktaker ( Date: 18-Aug-2009 09:47) Posted:
| BB wont let it go up. Use your other account & short it. Its gonna drop |
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BB wont let it go up. Use your other account & short it. Its gonna drop
going down again. Gonna short Again ... Win again free money
Bintang ( Date: 18-Aug-2009 09:42) Posted:
| Midas could rebound to 85.5 cents to cover a gap there before coming down again . |
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Midas could rebound to 85.5 cents to cover a gap there before coming down again .
midas increase to 0.85 today.. some rumors says taht this is only morning rebound..
risktaker ( Date: 18-Aug-2009 09:31) Posted:
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Short leh 0.82 lol i want to cover my short @ that value leh
risktaker ( Date: 18-Aug-2009 08:44) Posted:
Today will hit $0.82 at least |
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Short leh 0.82 lol i want to cover my short @ that value leh
risktaker ( Date: 18-Aug-2009 08:44) Posted:
Today will hit $0.82 at least |
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Today will hit $0.82 at least
Thanks RichTan, appreciate your sharing as I'm trying to learn TA. Vested.
richtan ( Date: 17-Aug-2009 22:58) Posted:
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.
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From Philip Securities:
As expected, 2Q ‘09 performance was flattish with sales down 2% yoy due to
absence of new production capacity. However, an improved raw material price
and cost control measures saw profit rising 10% yoy and qoq to S$9.423mln.
Looking ahead, management remains optimistic of prospects citing their strong
order backlog of RMB1.4 bln as well as their 32.5% owned associate company’s
strong order backlog of RMB4 bln which will keep them busy for the next few years.
To cope with their strong orders, management had announced last week that they
intend to speed up their expansion plans by increasing production capacity from
the current 20,000 tonnes/year to 50,000 tonnes/year by end 2010, up from their
previous target of only increasing it to 30,000tonnes/year and this was made possible
by the recent new share placement of 120 mln at 75.5 cents each, raising S$89.4mln.
The stock has done well even after the recent share placement, having risen to 90.5 cents
on 13 Aug ’09 before pulling back to 87.5 cents on friday, putting its prospective PE at
17x against its expected growth rate of 40%, giving an undemanding PEG of 0.4x.
Maintain BUY
From Credit Suisse
Midas
Maintain OUTPERFORM
2Q09 ahead, rising capacities drive 50%-plus earnings growth in FY10
Su Tye Chua / Research Analyst / 6212 3014 /
sutye.chua@credit-suisse.com
● Midas’s June-quarter results, with revenue of S$37.8 mn (-2%YoY) and net profit of S$9.4 mn
(up 10% YoY)
were ahead of consensus and our forecasts, with 6 MTD results achieving 58% of
our full-year estimates at the operating earnings level.
● Gross margin improved to 41.3% (from 31.8% a year ago), on stronger contribution of aluminium
alloy extrusion activities (+18%YoY) and lower material prices.
As expected, a dividend of S0.25 cents/share (second interim) was declared.
● Going forward, we anticipate a stronger ramp-up at the Puzhen JVin 2H09 and see rising capacities
from Midas’ third extrusion line (from 2Q10) and with another two planned, boosting total capacities
from 20,000 tonnes currently to 50,000 tonnes by end-2010, which should drive a stronger FY10/11E
earnings momentum.
●
We maintain that Midas remains as one of the best ways to play the structural China railway theme.
We have raised earnings by 3-5% on stronger extrusion margins and maintain OUTPERFORM rating to our new
SOTP-based target price of S$1.10 (from S$1.05).
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.
Midas down on such low vol (pro $$ not sellin).. i'm not worried abt this share @ all..
I'm using the free version, haha thanks anyway!
raymondho ( Date: 17-Aug-2009 14:47) Posted:
Hi! Fartist, On the chart's right up corner, you will see daily, then click on it, it shows daily, daily+ (that means up to today movement), weekly, weekly+, hourly, and 30 mins, click wat you want. Now price dip to 0.86 the 15 days M support and go fuarather to 0.855, so, keep an eye on it, if it slips to 25MA 0.84, I think is the best time to enter. Anyway, for today's trade, I will take CCI as a guide, if it down to -100 chances to rebound is very high. Only for sharing, as Iam learning TA's indicators.
fartist ( Date: 17-Aug-2009 13:02) Posted:
| Hi raymond, how do you view 30mins chart may i ask |
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Yes, Bintang..
Cut-loss should have infact activated by end of today.......
rgds, star-trader
Hi star-trader , since DJ is falling sharply , tomorrow all counters would gap down when market opens . But cut-loss must still have to activate to safe guard our funds .
star-trader ( Date: 17-Aug-2009 21:43) Posted:
Yeah, Bintang.. Look at the chart today, the candlesticks form a "Black Marubozu" which indicates reversal trend is still on. I would say that 0.82-0.825 will be the key support price. If this broken, next support will be 0.78.
rgds, star-trader |
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Yeah, Bintang.. Look at the chart today, the candlesticks form a "Black Marubozu" which indicates reversal trend is still on. I would say that 0.82-0.825 will be the key support price. If this broken, next support will be 0.78.
rgds, star-trader
Hi all , short term traders have to take profit or cut loss if 83 cents 's supporting would not hold by tomorrow closing . The next support is at 78 cents in the near term . To test the new high may be have to wait for a few more weeks .The upside targets are still at $1.05 n $1.28 . The stop-loss protection is now from 8 % of the high of 90.5 cents ,which is 83 cents .
star-trader ( Date: 17-Aug-2009 16:56) Posted:
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As predicted,
0.835 support level broken..but never know it should be so fast... based on last week's thur/fri candlesticks..
Whether it is an opportunity to "lock-in" , that we will see at the end of the trading day today..
rgds, star-trader..
star-trader ( Date: 16-Aug-2009 17:34) Posted:
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RichTan,
No problem..as we are learning from each other and of course is good to share our technical TA with is really interesting.. Yes, you are right with the Rule of Recognition on hanging man...but why it indicates that, is because of the volume and the momentum..
Anyway, thanks for sharing your chart which benefits everyone..
rgds, star-trader |
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wah liao this midas can drop 4 cents one in 1 day. but it can cheong 10 cents in one day too.
what a day. Good time to buy more...yipee
star-trader ( Date: 17-Aug-2009 16:56) Posted:
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As predicted,
0.835 support level broken..but never know it should be so fast... based on last week's thur/fri candlesticks..
Whether it is an opportunity to "lock-in" , that we will see at the end of the trading day today..
rgds, star-trader..
star-trader ( Date: 16-Aug-2009 17:34) Posted:
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RichTan,
No problem..as we are learning from each other and of course is good to share our technical TA with is really interesting.. Yes, you are right with the Rule of Recognition on hanging man...but why it indicates that, is because of the volume and the momentum..
Anyway, thanks for sharing your chart which benefits everyone..
rgds, star-trader |
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As predicted,
0.835 support level broken..but never know it should be so fast... based on last week's thur/fri candlesticks..
Whether it is an opportunity to "lock-in" , that we will see at the end of the trading day today..
rgds, star-trader..
star-trader ( Date: 16-Aug-2009 17:34) Posted:
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RichTan,
No problem..as we are learning from each other and of course is good to share our technical TA with is really interesting.. Yes, you are right with the Rule of Recognition on hanging man...but why it indicates that, is because of the volume and the momentum..
Anyway, thanks for sharing your chart which benefits everyone..
rgds, star-trader
richtan ( Date: 16-Aug-2009 17:08) Posted:
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Hi star-trader,
No offence or insult intended.
I m open-minded n rceptive to others views and here to share my knowledge and exchange pointers.
Neither is last Thurs nor last Fri's candle a "hanging man" as it does not fulfil the rules below (even if it is a hanging man, confirmation is definitely required with a lower low and lower high black candle):
"Rules of Recognition" for hanging man
1 The small real body is at the upper end of the trading range.
2. The color of the body is not important.
3. The long lower shadow should be much longer than the length of the real body, usually 2 to 3 times.
4. There should be no upper shadow, or if there is, it should be very small.
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