Midas    Last:0.192   -

Midas

i think the roti prata man smarter..

dough <10c
selling price $1
profit 900%

 

 

Comes to life again...

 

don't insult roti-prata man leh...

178investors      ( Date: 01-Jul-2009 15:10) Posted: The last 2 yrs had taught many of us useful lessons about consecutive new contract announcements pushed out by companies and analysts' upgrades then. Many were subsequently disappointed by those analysts. Many forumers said analysts were on same level as intelligence like the roti-prata man. When roti-prata man call buy, consider selling and vice versa. When companies continue to announce many contracts in a short period of time, beware. Think "cosco". blink-blink! Not to pour cold water on midas.. jus be careful.

 

Agreed.

 

The last 2 yrs had taught many of us useful lessons about consecutive new contract announcements pushed out by companies and analysts' upgrades then. Many were subsequently disappointed by those analysts. Many forumers said analysts were on same level as intelligence like the roti-prata man. When roti-prata man call buy, consider selling and vice versa. When companies continue to announce many contracts in a short period of time, beware. Think "cosco". blink-blink!

Not to pour cold water on midas.. jus be careful.

 

It seems that the news of the latest projects do not have much impact on the share price.

But the next push will be when brokerage firms start up-grading its TP.

 

Wow... Another two contracts RMB73.8million awarded! Huat la! Sweet :)

 

Midas

MISCELLANEOUS :: NEWS RELEASE - MIDAS ANNOUNCES FORAY INTO DOWNSTREAM FABRICATION WITH TWO CONTRACTS WORTH RMB73.8 MILLION

Jul 01 2009  01:10:42 PM

 

why buy @ the top when u can wait out for it to correct and get it at a better value?

timings of analysts reports is also an important factor in swaying the emotions of pple jumping into the share

read ur technicals for better entry and exit points

 

Correction n pullback would be expected, good to accumulate on pullbacks to either 15ema, 25ema n 65ema for the mid to long term.

Those who intend to hold for the mid to long term n are willing to ride thru any corrections n accumulate more on dips, will be amply rewarded as Midas has more contracts coming n strong FA.

 

You can get 83.5 cents instead of  84.5 cents , is that good enough ?  I got the near term target or rather resistant from reading the chart . Now set the stop loss and trade carefully .

Bintang      ( Date: 29-Jun-2009 10:17) Posted: Very strong resistant at 84.5 cents .

 

dropped from 82.5 to 78.5..on pretty high vol..

be cautious..dyodd

 

:)
12 months chart: ( http://sg.finance.yahoo.com/q/ta?s=5EN.SI&t=1y&l=on&z=l&q=l&p=b&a=m26-12-9,fs&c= )
--> The initial resistance at $0.85 (minor peaks in 22/July/08 and 23/July/08 both dates closed $0.85), breaking which, the next key resistance is at $0.90 (peaks in 10/July/08 and 11/July/08 both dates closed $0.90)

MACD: dated  29/Jun/09
Indicator 0.045 , positive outlook

Stochastic: dated 29/Jun/09
Indicator 90.909 , overbought , price will remain steady (New TP are the factor), a slight pull back could happen due to "contra" and "short" trades.

 

I like this wan, i buy n keep long long

 

Correction n pullback would be expected, good to accumulate on pullbacks to either 15ema, 25ema n 65ema for the mid to long term.

Those who intend to hold for the mid to long term n are willing to ride thru any corrections n accumulate more on dips, will be amply rewarded as Midas has more contracts coming n strong FA.

ozone2002      ( Date: 29-Jun-2009 22:48) Posted: Technicals are screaming overbought positions.. Also take note the upward rise in price on falling vol..not a good sign for sustained price increases DYODD

 

Technicals are screaming overbought positions..

Also take note the upward rise in price on falling vol..not a good sign for sustained price increases

DYODD

 

Wow! Sweet : )

 

The one who brought the 33million house in singapore Tommie Goh Thiam Poh this may 2009... Midas investors... $$$$$. Sweet

daphnecsf      ( Date: 29-Jun-2009 10:08) Posted: :) Top 10 BB (Shareholders) As At 20 March 2009 (1) 16.89%   DBS NOMINEES PTE LTD                                142,639,033 Shares (2) 14.20%   CHEN WEIPING                                              119,905,200 Shares (3) 12.81%   CITIBANK NOMINEES SINGAPORE PTE LTD   108,183,413  Shares (4)  7.97%    HSBC (SINGAPORE) NOMINEES PTE LTD          67,326,000 Shares (5)  6.09%    CHEW HWA KWANG PATRICK                           51,411,800 Shares (6)  5.57%    UOB KAY HIAN PTE LTD                                     47,004,000 Shares (7)  5.10%    DBSN SERVICES PTE LTD                                   43,021,000 Shares (8)  3.19%    DMG & PARTNERS SECURITIES PTE LTD           26,920,000 Shares (9)  3.08%    RAFFLES NOMINEES PTE LTD                            26,000,112 Shares (10) 2.85%   TOMMIE GOH THIAM POH                                  24,086,400 Shares Number of Issued Shares (excluding Treasury Shares) : 844,367,800 Class of shares : ordinary shares Based on information available to the Company as at 20 March 2009, approximately 57.56% of the issued ordinary shares of the Company is held by the public and, therefore, Rule 723 of the Listing Manual issued by the Singapore Exchange Securities Trading Limited is complied with. http://midas.listedcompany.com/misc/ar2008.pdf

 

Wow!  0.825 liao

 

May be u could get 84.5 cents a few days later or may not .

JJSeng      ( Date: 29-Jun-2009 15:29) Posted: Hi!  0.815 or 0.845 Bintang      ( Date: 29-Jun-2009 10:17) Posted: Very strong resistant at 84.5 cents .