
Congrats to those having Midas. (Cheong Wee, dun mind, copy your 2 images, thks har)
"Trade Summary" still showing more n more buyers are buying up by snappng from the sellers queue at the present moment, how to be "distribution taking place from TA point", care to share how u interpret.
Not an inducenment to buy or sell. Dyodd.
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ozone2002 ( Date: 22-Jun-2009 10:07) Posted:
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from TA point, distribution is taking place..
DYODD
I got out of Straits Asia (albeit too early, average 1.30+) and went straight into Midas.
No regrets except that this recent mild run is baffling me....with so many contracts, I'd expect heavier volume and better run-ups in prices.
Could it be the S-Shares issue? Or sell on news? Maybe something else?
Thanks for any update.
From OCBC:
Midas Holding: Wins another RMB172m in contracts
Midas Holdings has secured two additional contracts worth RMB172m, to
supply aluminium alloy extrusion profiles for a total of 480 train cars for
inter-city high-speed train projects with speeds up to 350km/h. Both
contracts were awarded by CNR Tangshan Railway Vehicles, a repeat
customer of the Group. On top of the original 1,600 train cars that Midas
has already been contracted to supply for the "CRH3-380" project as
announced on 16 June 09, this latest contract brings the total number of
train sets Midas is supplying for this project to a total of 120 train sets, or
1,920 train cars. These contracts are expected to have a positive financial
impact on its financial position. Maintain BUY rating and fair value of S$0.85.
(Kelly Chia)
Wow! Great! More contracts for Midas!
(1)Stochastic for Midas is 70.833 and (2)Williams is -26.923. (3)From the Bollinger bands, we can see the price is follow the upper band. Besides, with high volume traded after 5pm, definitely good sign on it... Huat ah!
NEWS RELEASE
MIDAS SECURES TWO ADDITIONAL CONTRACTS WORTH RMB172
MILLION FOR INTER-CITY HIGH-SPEED TRAIN PROJECTS
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train cars for the “CRH3-380” and “CRH3-300” projects in PRCAwarded by repeat customer Tangshan Railway to supply a total of 480
Singapore, June 22, 2009
斯控股有限公司
Midas Aluminium Industries Co., Ltd (“Jilin Midas”) (
secured two additional contracts worth an aggregate sum of RMB172 million, to
supply aluminium alloy extrusion profiles for a total of 480 train cars for inter-city
high-speed train projects with speeds up to 350km/h.– Mainboard-listed Midas Holdings Limited (“Midas”) (麦达) is pleased to announce today that its Aluminium Alloy Division, Jilin吉林麦达斯铝业有限公司), has
do you noe. the one who brought the 33mil house in singapore in may is also a top 20 investor in midas.. go long term on midas.. follow the successful investor..
i wouldnt follow your advise to naked short midas.. especially got fully loaded BB on this one.. Each to its own view
178investors ( Date: 19-Jun-2009 14:20) Posted:
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buy on rumor, sell on news. opportunities for both buy and sell traders. each surge provide an exit for profit taking while also offer opportuities to use our short guns to maximise profits. loading my short gun again.. waiting to fire.
I bought at $0.685, sold jus now at $0.74. Hopefully I won't regret this decision.