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Sweet :) ! Midas secured another RMB70 million contract for high speed train project.
Congrat to all Midas holders! I guess the TP will revise to higher value. The announcement said that it having positive impact on the Group's financial over the financial years ending Dec 2009 and 2010.
Looks like someone is buying 1 lot at a time, i think he/she got no other better things to do today....ha ha
That is how BB controls the news so as to "manipulate" the price. There are so many similar cases other than SAR.
maseratiq ( Date: 25-Jun-2009 10:04) Posted:
| This feels like Straits Asia all over again for me....only this time, I will play differently. |
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This feels like Straits Asia all over again for me....only this time, I will play differently.
Congrats to those having n holding onto Midas.
News Release this morning:
NEWS RELEASE - MIDAS SECURES A RMB70 MILLION CONTRACT FOR ANOTHER INTER-CITY HIGH-SPEED TRAIN PROJECT
This baby is real lovely. Cheers.
Wow! trying to hit 0.80 again
Alemak, "Master??", how long have been been playing in the mkt, dun u know every stock got go thru correction, consolidation mah (must chuan kui leh) ... 
See my earlier post, it may pullback to the 15ema, 25ema or 50ema but remember hor.. tat the trend is still up leh
ozone2002 ( Date: 24-Jun-2009 16:55) Posted:
STI is up ~2% but MIDAS in the red..don't look promising
DYODD see my earlier post |
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STI is up ~2% but MIDAS in the red..don't look promising
DYODD see my earlier post
At the price of 0.775 now... Still have around 20% profit margin when reach TP 0.93... Sweet 
"Trade Summary" still shows more buyers snapping up from the seller's queue:
| WEIGHTED AVG PRICE : 0.7797 |
LAST DONE PRICE : 0.770 |
| SPREAD/PRICE RATIO : 0.0065 |
AVG TRADE SIZE : 34.655 |
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JJSeng ( Date: 24-Jun-2009 09:10) Posted:
| Wow! i think can hit 0.80 by today...cheong ah.. |
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Wow! i think can hit 0.80 by today...cheong ah..
if u see the chart, the price has been moving upwards from 9th Jun till today but on descending vol
despite today's rise on high vol, this vol is still lowest if u compare the tip of the 3 highest vol bars
the stock may go higher..but this rally whether sustainable all depends if the vol is increasin along with the price...
i may be wrong..cos the market is irrational
richtan ( Date: 23-Jun-2009 18:49) Posted:
richtan ( Date: 23-Jun-2009 14:58) Posted:
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Midas may either break above the resistance at yesterday's high of 77.5 or pullback to the 15ema or 25ema or 50ema but the 3 emas are still trending up.
"Trade Summary" still shows more buyers snapping up from the seller's queue:
| WEIGHTED AVG PRICE : 0.7512 |
LAST DONE PRICE : 0.760 |
| SPREAD/PRICE RATIO : 0.0000 |
AVG TRADE SIZE : 42.627 |
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Hi Ozone2002,
BTW, do u still consider today's volume as "distribution" or would u be forthright to admit u were
wrong to say "distribution" n instead it should be "accumulation", roughly u need how many days trade
do u need to see the "whole picture" of distribution?
I would like to learn from u, care to share with us how u see whether it is distribution or accumulation.
richtan ( Date: 22-Jun-2009 22:55) Posted:
Oops, when I said "price drop", I mean a change from uptrend to downtrend.
richtan ( Date: 22-Jun-2009 22:53) Posted:
| OIC, so I shall monitor n we shall see is there any distribution (which I interpret as price drop) over the medium term, say between a week to a month, given the fact tat Midas had secured a few huge contracts with more to come |
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No sign of distribution yet, not at least in the next few trading session. Cannot tell beyond this week though.
richtan ( Date: 23-Jun-2009 18:52) Posted:
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Hi Ozone2002,
Do u still consider today's volume as "distribution" or should it intead be "accumulation" , plse advise.
ozone2002 ( Date: 23-Jun-2009 14:42) Posted:
share price moving up on low vol.. thread cautiously
as stated previously distribution in progress..
time will tell.. DYODD
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As anticipated, broking houses started to raise TP.
Hi Ozone2002,
Do u still consider today's volume as "distribution" or should it intead be "accumulation" , plse advise.
ozone2002 ( Date: 23-Jun-2009 14:42) Posted:
share price moving up on low vol.. thread cautiously
as stated previously distribution in progress..
time will tell.. DYODD
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richtan ( Date: 23-Jun-2009 14:58) Posted:
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Midas may either break above the resistance at yesterday's high of 77.5 or pullback to the 15ema or 25ema or 50ema but the 3 emas are still trending up.
"Trade Summary" still shows more buyers snapping up from the seller's queue:
| WEIGHTED AVG PRICE : 0.7512 |
LAST DONE PRICE : 0.760 |
| SPREAD/PRICE RATIO : 0.0000 |
AVG TRADE SIZE : 42.627 |
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ozone2002 ( Date: 23-Jun-2009 14:42) Posted:
share price moving up on low vol.. thread cautiously
as stated previously distribution in progress..
time will tell.. DYODD
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