Midas    Last:0.192   -

Midas

Personally.. I will not punt by shorting stock when sudden move up to much.. All it takes is one halt on takeover news.. Boom wipe clean all your shorting profit...Most of the time you are likely to win, but one mistake will wipe clean the profit. (cus i believe no one can accurately time the market) unless you got insider information if not it is walking on the edge.. This is like using $10 to make $0.50.. Shorting large amount on contra, for that 2 cents difference. When a sudden ann, then start to scamble too late... I prefer to invest long term using $1 to make $5..

Good Luck.. Remember to have a cut loss discipline if not can affect one's lifestyle....

178investors      ( Date: 11-Jun-2009 10:07) Posted: easy money to be made today shorting this one at 75c... make two rounds already and now opening more positions... try some lucky breaks before it's gone again.

 

You under estimate wave 3. Have you close your position? Hope you have.

Wish u well

 

178investors      ( Date: 11-Jun-2009 10:07) Posted: easy money to be made today shorting this one at 75c... make two rounds already and now opening more positions... try some lucky breaks before it's gone again.

 

Yes, plse, plse, help me to short it down so I can buy n accumulate more at lower level.

But if there is panic short-covering n the price shootup, I m equally also happy except only tat I cant accumulate more at lower level.

178investors      ( Date: 11-Jun-2009 10:07) Posted: easy money to be made today shorting this one at 75c... make two rounds already and now opening more positions... try some lucky breaks before it's gone again.

 

You sre great but don't under estimate the strength of wave 3...

Just my view (Not an inducement to trade).  

 

easy money to be made today shorting this one at 75c... make two rounds already and now opening more positions... try some lucky breaks before it's gone again.

 

Don't under estimate the primary wave 3...

Just my view (Not an inducement to trade).   On your own now ...

 

I agree with richtan. External factor ... US indexes are in red.

Probably pause for a while.

Just my view. (Not an inducement to trade).   On your own now ...

 

It may probably have a correction on low volume, which is healthy as mkts tat go up in straight line without consolidation ( must pause to chuan kui) is more scarier, can get severe indigestion & toa lau sia.

ozone2002      ( Date: 10-Jun-2009 22:50) Posted: wanna know if Midas can sustain its trend up? read the vol tomorrow..

 

wanna know if Midas can sustain its trend up?

read the vol tomorrow..

 

Pegli. One question raised.. If Midas decided to sell itself to bigger railway company.. You think the bigger fish will want buy.. (looking at its book order and track record) probably can fetch a good value dun u think? 

 

Yes and No.. Depends on the result of the company.. Whether they can cope well with the huge order they received from the Chinese Government.. Market sentiment also..

I am not using any TA more of a fundamentalist.. Current price seem alittle pricey.. But if you stretch the time horizon alittle to 2011 or 2012.. This price seem unvalue..

Read my earlier post.. Constantly got people ready to short this counter from time to time after a sudden surge.. Good time to pick midas up when the shortist declaring that they made alot of profit shorting midas seem that they alway win.. So far I havent heard any shortist get burn by shorting midas.. (so midas is lucky. shortist win, long term investor like me win also) since when midas was about 28 to 30 cents.. constant got people to short midas until 74cents ..

Peg_li      ( Date: 10-Jun-2009 18:52) Posted: can continue to go up? knightbridge      ( Date: 10-Jun-2009 18:32) Posted: Congrats.. Me still buying at 74cents... Good run up this 2 day.. I am betting until year end then count my profit...

 

I hope u are right...really...sincerely....bull market start and the crises is hstory..

I am not party pooper, but in realtiy, i love bull more than bear..becos, just like now..it is easy to make $$$..

but we must be realistic, housing is still down..the main cause of today crises..and another round of default coming in 2010..dont look good either.....until housing is stable..there will be no recovery..

knightbridge      ( Date: 10-Jun-2009 18:32) Posted: Congrats.. Me still buying at 74cents... Good run up this 2 day.. I am betting until year end then count my profit... ozone2002      ( Date: 10-Jun-2009 15:05) Posted: sold @ 74 745 :) 1K+ for a days work..hee

 

can continue to go up?

knightbridge      ( Date: 10-Jun-2009 18:32) Posted: Congrats.. Me still buying at 74cents... Good run up this 2 day.. I am betting until year end then count my profit... ozone2002      ( Date: 10-Jun-2009 15:05) Posted: sold @ 74 745 :) 1K+ for a days work..hee

 

Congrats.. Me still buying at 74cents... Good run up this 2 day.. I am betting until year end then count my profit...

ozone2002      ( Date: 10-Jun-2009 15:05) Posted: sold @ 74 745 :) 1K+ for a days work..hee

 

Outlook for MIDAS (June 10 2009)
Looking at the performance today.
Surpisingly 2 minor waves, D and E, have completed within the day see intraday chart. This is what I said anything can happen in corrective mode as corrective waves are undiciplined waves. Anyone catch it at 0.715?
MIDAS is now in minor wave 5, subwave 3 and primary wave 3, all actionary implusive waves going together.
Get what I means? CHEONG .........



Just my view, for sharing and learning, please comment. Learning through critique for improvement.
(Not an inducement to trade).   On your own now ...

 

vol transacted now is considerably low..

prob retail biting @ 74c...

 

So sorry if I sounds harsh, of course I can post the support n resistance but I think it is good tat u learn how to look at charts by ourself rather than depends on others.

U may also scroll down under this thread n take a look at my chart analyse, of course, I may be right or wrong in my analysis, so dyodd.

Remember, learn to catch a fish n u can survive n be independent on others.

I had recommended few books n free tutorial websites, do a search under my name, richtan

Blastoff      ( Date: 10-Jun-2009 16:10) Posted: What's the resistance level? richtan      ( Date: 10-Jun-2009 15:11) Posted: Wow!!! Midas is charging, next will b Ausgroup n Hongxin soon

 

What's the resistance level?

richtan      ( Date: 10-Jun-2009 15:11) Posted: Wow!!! Midas is charging, next will b Ausgroup n Hongxin soon

 

got another chance to short from here but must tight stop.

 

Wow!!! Midas is charging, next will b Ausgroup n Hongxin soon