Midas    Last:0.192   -

Midas

Below is my daily 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.

 

I just read all these broking houses targets just for info with heaps of salt, still believe in dyodd n monitor the chart for reversal sign.

jasontaycs      ( Date: 31-Jul-2009 15:52) Posted: Sorry to burst your bubble but the quoted $1.60 TP and RMB1.56 billion announcement is from March 2008 (http://midas.listedcompany.com/newsroom/Midas_NewsRelease_10Mar08.pdf). Anyway I'm vested and looking to TP of $2.00. richtan      ( Date: 31-Jul-2009 15:07) Posted: WOW!!! DBSV target of 1.60 is almost doubled the price now.

 

Sorry to burst your bubble but the quoted $1.60 TP and RMB1.56 billion announcement is from March 2008 (http://midas.listedcompany.com/newsroom/Midas_NewsRelease_10Mar08.pdf). Anyway I'm vested and looking to TP of $2.00.

richtan      ( Date: 31-Jul-2009 15:07) Posted: WOW!!! DBSV target of 1.60 is almost doubled the price now. richtan      ( Date: 31-Jul-2009 14:59) Posted: WOW!!! even higher than my 1st target of 1.20

 

Goodness!!! WoW!

Long-term prospects of Midas:

Midas (current price $0.88) still have 81.81% potential profit margin based on new TP $1.60 from DBS Vickers

 

WOW!!! DBSV target of 1.60 is almost doubled the price now.

richtan      ( Date: 31-Jul-2009 14:59) Posted: WOW!!! even higher than my 1st target of 1.20. starlene      ( Date: 31-Jul-2009 14:57) Posted: Quote: Originally Posted by investment Midas Holdings (BUY; S$0.845; MIDAS SP) Delivering on new contract win Price Target : 12-Month S$ 1.60 by: Paul Yong CFA +65 6398 7951 Story: Midas announced last evening that it has been informed by its JV company, Nanjing SR Puzhen Rail Transport Co., Ltd ("NPRT"), that a contract to supply metro train cars, valued at RMB1.56 billion has been awarded by Shanghai Railway Transport Line 2 Eastern Extension Development Company Limited to NPRT and its consortium partners Shanghai ALSTOM Transport Electrical Equipment Co., Ltd. and ALSTOM Transport S.A. Point: Under the terms of the contract, NPRT and its consortium partners will supply 32 metro train sets (1 train set = 6 train cars) for the above-mentioned project. This is equivalent to 192 train cars. NPRT has an estimated 66% share of this contract. This contract is to be fulfilled in 2009 and 2010. Relevance: As indicated in our last report on 27 Feb, we had indicated that NPRT should be able to win more projects to add to its order book. With this win, NPRT's order book swells to over RMB5bn and covers 80pct of our revenue forecast for NPRT's FY09. This contract win should further reinforce investors¡¯ confidence in Nanjing Puzhen's long-term prospects. We continue to like the long-term prospects of Midas. Maintain BUY for Midas, TP $1.60 based on 24x FY08/09 earnings. Catalysts for re-rating include the completion of the NELA deal as well as a potential tie-up with Chinalco. DBS Vickers see past comments above.. Its 120mil pte placement at 75.5cts was a roaring success yielding $89.4mil for expansion of is aluminium alloy production capacity and the balance $7.9mil as working capital.Edge magazine and CIMB has been recommending since it was 82cts,today's rise is accomapnied by vol(45mil done as at now

 

WOW!!! even higher than my 1st target of 1.20.

starlene      ( Date: 31-Jul-2009 14:57) Posted: Quote: Originally Posted by investment Midas Holdings (BUY; S$0.845; MIDAS SP) Delivering on new contract win Price Target : 12-Month S$ 1.60 by: Paul Yong CFA +65 6398 7951 Story: Midas announced last evening that it has been informed by its JV company, Nanjing SR Puzhen Rail Transport Co., Ltd ("NPRT"), that a contract to supply metro train cars, valued at RMB1.56 billion has been awarded by Shanghai Railway Transport Line 2 Eastern Extension Development Company Limited to NPRT and its consortium partners Shanghai ALSTOM Transport Electrical Equipment Co., Ltd. and ALSTOM Transport S.A. Point: Under the terms of the contract, NPRT and its consortium partners will supply 32 metro train sets (1 train set = 6 train cars) for the above-mentioned project. This is equivalent to 192 train cars. NPRT has an estimated 66% share of this contract. This contract is to be fulfilled in 2009 and 2010. Relevance: As indicated in our last report on 27 Feb, we had indicated that NPRT should be able to win more projects to add to its order book. With this win, NPRT's order book swells to over RMB5bn and covers 80pct of our revenue forecast for NPRT's FY09. This contract win should further reinforce investors¡¯ confidence in Nanjing Puzhen's long-term prospects. We continue to like the long-term prospects of Midas. Maintain BUY for Midas, TP $1.60 based on 24x FY08/09 earnings. Catalysts for re-rating include the completion of the NELA deal as well as a potential tie-up with Chinalco. DBS Vickers see past comments above.. Its 120mil pte placement at 75.5cts was a roaring success yielding $89.4mil for expansion of is aluminium alloy production capacity and the balance $7.9mil as working capital.Edge magazine and CIMB has been recommending since it was 82cts,today's rise is accomapnied by vol(45mil done as at now) richtan      ( Date: 31-Jul-2009 12:30) Posted: Below is my daily 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.

 

see past comments above..


Its 120mil pte placement at 75.5cts was a roaring success yielding $89.4mil for expansion of is aluminium alloy production capacity and the balance $7.9mil as working capital.Edge magazine and CIMB has been recommending since it was 82cts,today's rise is accomapnied by vol(45mil done as at now)

richtan      ( Date: 31-Jul-2009 12:30) Posted: Below is my daily 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.

 

WOW!!!! Look at the volume buy-up, shiok....man!!!

WEIGHTED AVG PRICE :  0.8750   LAST DONE PRICE :  0.880   SPREAD/PRICE RATIO :  0.0057   AVG TRADE SIZE :  57.301  < /> Last Trades Vol BuyVol Mid SellVol 0.850 58 2,038 1,232 0 806 0.855 145 5,759 3,242 0 2,517 0.858 1 2,000 0 2,000 0 0.860 23 1,368 180 0 1,188 0.865 9 2,383 117 0 2,266 0.870 12 2,587 90 0 2,497 0.875 40 3,078 1,352 0 1,726 0.878 1 10 0 10 0 0.880 107 7,272 3,181 0 4,091 0.884 1 40 0 40 0 0.885 367 15,172 4,852 0 10,320 0.888 1 20 0 20 0 0.890 45 4,687 0 0 4,687 TOTAL 810 46,414 14,246 2,070 30,098

richtan      ( Date: 31-Jul-2009 14:44) Posted: Volume now almost 4 times yesterday's volume. richtan      ( Date: 31-Jul-2009 14:09) Posted: Volume had already exceeded more than doubled yesterday's volume within half day's trading.

 

Volume now almost 4 times yesterday's volume.

richtan      ( Date: 31-Jul-2009 14:09) Posted: Volume had already exceeded more than doubled yesterday's volume within half day's trading.

 

Volume had already exceeded more than doubled yesterday's volume within half day's trading.

 

Below is my daily 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.

 

Trade Summary shows heavy buy-up.

WEIGHTED AVG PRICE :  0.8744   LAST DONE PRICE :  0.885   SPREAD/PRICE RATIO :  0.0000   AVG TRADE SIZE :  62.557  < /> Last Trades Vol BuyVol Mid SellVol 0.850 58 2,038 1,232 0 806 0.855 145 5,759 3,242 0 2,517 0.858 1 2,000 0 2,000 0 0.860 23 1,368 180 0 1,188 0.865 9 2,383 117 0 2,266 0.870 12 2,587 90 0 2,497 0.875 40 3,078 1,352 0 1,726 0.878 1 10 0 10 0 0.880 101 6,971 2,918 0 4,053 0.884 1 40 0 40 0 0.885 261 12,597 3,258 0 9,339 0.888 1 20 0 20 0 0.890 42 4,626 0 0 4,626 TOTAL 695 43,477 12,389 2,070 29,018

 

:) Sweet

Up Up Up Up!!!!!!!!!!!!!

 

 

   

 

Midas had broke above the resistance at 87, in fact in the process of forming a giant cup with the brim of the cup at 1.20

richtan      ( Date: 31-Jul-2009 11:07) Posted: Copied from Straits Asia thread: U r right tat both SAR n Midas form cup n handle. I m still holding onto both n now waiting for Midas turn to blast out of the handle, thus why I shifted all my funds in Hongxin into Midas in anticipation of it. Cheers solar2008      ( Date: 31-Jul-2009 09:04) Posted: This guy falls into the classic cup and handle model. The cup form from Sep2008 to 12 June09. The cup start to form from12 June to 9 July before it blast it way up. Me bought during the formation of handle which is typical the pull back price ( below 1.6) before it starts to shoot up.  I sold at $2 to pocket profit as it has hit my target. Midas will be have the same model as SAR. Me move my funds to from SAR to Midas nowied from Straits Asia thread: U r right tat both SAR n Midas form cup n handle. I m still holding onto both n now waiting for Midas turn to blast out of the handle, thus why I shifted all my funds in Hongxin into Midas in anticipation of it. Cheers solar2008      ( Date: 31-Jul-2009 09:04) Posted: This guy falls into the classic cup and handle model. The cup form from Sep2008 to 12 June09. The cup start to form from12 June to 9 July before it blast it way up. Me bought during the formation of handle which is typical the pull back price ( below 1.6) before it starts to shoot up.  I sold at $2 to pocket profit as it has hit my target. Midas will be have the same model as SAR. Me move my funds to from SAR to Midas now.     solar2008     31-Jul-2009 11:10   Contact    Quote! Midas start to cheong now.. richtan      ( Date: 31-Jul-2009 11:07) Posted: Copied from Straits Asia thread: U r right tat both SAR n Midas form cup n handle. I m still holding onto both n now waiting for Midas turn to blast out of the handle, thus why I shifted all my funds in Hongxin into Midas in anticipation of it. Cheers solar2008      ( Date: 31-Jul-2009 09:04) Posted: This guy falls into the classic cup and handle model. The cup form from Sep2008 to 12 June09. The cup start to form from12 June to 9 July before it blast it way up. Me bought during the formation of handle which is typical the pull back price ( below 1.6) before it starts to shoot up.  I sold at $2 to pocket profit as it has hit my target. Midas will be have the same model as SAR. Me move my funds to from SAR to Midas nowied from Straits Asia thread: U r right tat both SAR n Midas form cup n handle. I m still holding onto both n now waiting for Midas turn to blast out of the handle, thus why I shifted all my funds in Hongxin into Midas in anticipation of it. Cheers solar2008      ( Date: 31-Jul-2009 09:04) Posted: This guy falls into the classic cup and handle model. The cup form from Sep2008 to 12 June09. The cup start to form from12 June to 9 July before it blast it way up. Me bought during the formation of handle which is typical the pull back price ( below 1.6) before it starts to shoot up.  I sold at $2 to pocket profit as it has hit my target. Midas will be have the same model as SAR. Me move my funds to from SAR to Midas now.     richtan     31-Jul-2009 11:07   Contact    Quote! Copied from Straits Asia thread: U r right tat both SAR n Midas form cup n handle. I m still holding onto both n now waiting for Midas turn to blast out of the handle, thus why I shifted all my funds in Hongxin into Midas in anticipation of it. Cheers solar2008      ( Date: 31-Jul-2009 09:04) Posted: This guy falls into the classic cup and handle model. The cup form from Sep2008 to 12 June09. The cup start to form from12 June to 9 July before it blast it way up. Me bought during the formation of handle which is typical the pull back price ( below 1.6) before it starts to shoot up.  I sold at $2 to pocket profit as it has hit my target. Midas will be have the same model as SAR. Me move my funds to from SAR to Midas now.     richtan     30-Jul-2009 12:05   Contact    Quote! Midas expected report date is 6/8/09, ie. next Thurs. It may run up on expectation of good results.     richtan     30-Jul-2009 10:06   Contact    Quote! Below is my daily 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.     richtan     29-Jul-2009 15:09   Contact    Quote! Hi upforever, Many thanks for your appreciation, but remember my post is based on my personal unbiased interpretation of the chart n I might be wrong at times, so important to dyodd. upforever      ( Date: 29-Jul-2009 12:01) Posted: I agree with Tianchi. Many thanks richtan.      upforever     29-Jul-2009 12:01   Contact    Quote! I agree with Tianchi. Many thanks richtan.    First < Newer Older> Last Important: Please read our Terms and Conditions and Privacy Policy .