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Just wondering aloud, sweet dreams, it is dreams tat motivates us

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14-Aug-2009 19:02

Midas / Midas

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Hi dionnazhao,

Many thanks for your compliments.

Frankly, I m here not to gain popularity, wat matters to me is "make money" to give my family better life.

As I always said, my chart posting is purely in the hope of exchanging pointers with fellow experienced TA practitioner, hopefully, someone can alert me to any "blind spots" tat I missed n my holistic mission to help newbies, not to repeat my horrendous gullibilty n losses just to wisen up later to realise the importance of TA and recoup all those losses.

dionnazhao ( Date: 14-Aug-2009 14:39) Posted:

tks for richtan, teach me a lot a lot.

your post so popular in this forum ...

richtan ( Date: 14-Aug-2009 14:37) Posted:

Oh yah, and never invest all your cash, preserve some spare cash for those "fire-sales" opportunities and also this must be those tat u can afford to lose, so tat u can sleep peacefully every night

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14-Aug-2009 18:54

Midas / Midas

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Dun worry, more contracts in the pipeline.

This results is just a sweetener. appetizer, main course haven't served yet.

yongjp ( Date: 14-Aug-2009 17:36) Posted:

Not impressed. Frankly expected better

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14-Aug-2009 18:50

Midas / Midas

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Congrats especially to those who followed my chart analysis and dared to buy particularly last Fri when it presents one of the best opportunity when it bounced off the amazingly strong magical 25ema which had been providing tat magical support since 8/6/09.

The report is not only fantastic, but "MIDASTIC", fabulous, marvelous.

risktaker ( Date: 14-Aug-2009 18:12) Posted:

The report is fantastic -

MIDAS POSTS 10.1% GROWTH IN NET PROFIT TO S$9.4 MILLION IN 2Q2009
- Revenue for Aluminium Alloy Division grew 17.9% to S$36.0 million
- Overall gross profit margin improved from 31.8% in 2Q2008 to 41.3% in 2Q2009
- Declares second interim cash dividend of 0.25 Singapore cents per ordinary
share

Well expected the results to be rosy.
Infrastructure is plays important part in a country economy. Without good infrastructure the flow of economy will be affected. Therefore you will see countries investing billions of dollar to improve their country infrastructure.

For those who Dare and Enter @0.87 today. GOOD Luck :) I think theres a lot of catch up for this stock next week. Maybe $1.00+
I have a very strong feeling this stock will rock over $1.00 Next week.

CONGRATS for those who ENTER :)

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14-Aug-2009 18:44

Midas / Midas

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U r right, sorry tat I did not elaborate further.

risktaker ( Date: 14-Aug-2009 18:31) Posted:

I agree with richtan on that.

however never put all eggs in one basket referring to:

By shares not in the same category. You think u put your money in multiple construction compnay but remember your when construction is doing well all construction will up. When it falls it falls together. So You have to make sure you put money on different sector. However timing is important as well.

Anyway PM me i will tips you more :)

richtan ( Date: 14-Aug-2009 18:25) Posted:

Rachael,

Believe me, u need to change your tat character for your own good, of course, ultimately u decides.

Never...never...never put all your eggs in one basket, yah, u may be lucky but prudence more impt, wat if something unexpected happens to tat counter though it has good FA n TA, nothing is for sure or guaranteed,

As I said, spread to at least minimum 2 counters, ideally 3. More than 3 too "fen sen", less than 2, too risky.

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14-Aug-2009 18:42

Midas / Midas

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No....no... no... never....never... never buy shares bcos of my posting.

U must dyodd n BOSAYOR.

As I said, due to my time constraint, I may or may not post my chart analysis, also I m a private trader, not oblige nor licensed to make any buy or sell call, u must learn TA, for your own good.

The reason I post my chart analysis is more to exchange pointers with fellow TA prctitioner, hopefully someoe can alert me to any "blind-spots" tat I failed to noticed, not a call to buy or sell.

maseratiq ( Date: 14-Aug-2009 18:33) Posted:

RichTan, apologies for speling your name wrongly just now....care to explain why there are 2 div in the report?

All because of you I hold on to Midas for so loooong. I will only sell when you say so!!!

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14-Aug-2009 18:35

Midas / Midas

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I guess it should be.

In any case, div is last in my mind when trading, if by chance it declares while I m holding it, it is just a bonus to me.

I will even exit if I spot later any sell sign, even b4 ex-div.

My main objective in trading is capital gain, not solely for all this tit-bits, sweeteners to me tats all.

maseratiq ( Date: 14-Aug-2009 18:22) Posted:

Sorry, but I'm confused....the report says 0.25 and another 0.50 cent per ordinary share under one-tier system. Does this mean 7 and a half cents per share?

Any dividend declared for the current financial period reported on? RickTan, hope you can throw some light. Thanks!

Please see the following copied (in part) from the link provided in this forum:

Any dividend declared for the current financial period reported on?

Yes

Second Interim

Dividend Type Cash

Dividend amount per share (in cents) 0.25 cent per ordinary share under one-tier system

Any dividend declared for the corresponding period of the immediately preceding financial year?

Yes

Second Interim

Dividend Type Cash

Dividend amount per share (in cents) 0.50 cent per ordinary share under one-tier system

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14-Aug-2009 18:29

Midas / Midas

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Thanks a lot for your compliments.

Read all my past advices, "Learning TA" thread n my 3 golden mantras, all these will stand u in good stead in your trading journey.

Look forward to your chart posting n sharing in the near future.

All the best to u.

Icebergy ( Date: 14-Aug-2009 18:25) Posted:

am very new to stock trading (so called newbies Smiley ), yes certainly this will be a good lesson learnt.

tks for advice, now trying to read your previous post all over to learn some more, just to inform u that i register an account in this forum just to say thank you to you Smiley

richtan ( Date: 14-Aug-2009 18:17) Posted:

No point regreting, wat is over is over.

Hope it is a lesson learnt, never haggle n aim to catch the low, leave the last cent to others, if u are confident about the FA n TA, be decisive n just catch the seller at teh price u are comfortable, which is wat I always do, never mind if it later drop or close down a bit, buy with foresight n confidence while at the same time, as TA is not infallibkle, set your stop-loss.

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14-Aug-2009 18:25

Midas / Midas

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Rachael,

Believe me, u need to change your tat character for your own good, of course, ultimately u decides.

As I said, spread to at least minimum 2 counters, ideally 3. More than 3 too "fen sen", less than 2, too risky.

rachael ( Date: 14-Aug-2009 15:01) Posted:

Hello Richtan, I know I should not put all in one basket but has to do with my character, when do something I cannot "fen xin" must do one thing Smiley at a time.

richtan ( Date: 14-Aug-2009 14:37) Posted:

Oh yah, and never invest all your cash, preserve some spare cash for those "fire-sales" opportunities and also this must be those tat u can afford to lose, so tat u can sleep peacefully every night

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14-Aug-2009 18:17

Midas / Midas

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No point regreting, wat is over is over.

Icebergy ( Date: 14-Aug-2009 17:43) Posted:

wanted to buy another 10lots but i set the price too low.....at last not able to get it. very regret, i was too kiasu liao Smiley

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14-Aug-2009 14:37

Midas / Midas

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Oh yah, and never invest all your cash, preserve some spare cash for those "fire-sales" opportunities and also this must be those tat u can afford to lose, so tat u can sleep peacefully every night.

richtan ( Date: 14-Aug-2009 14:34) Posted:

Hi rachael,

Many thanks for your support.

My advice is "never put all your eggs in one basket", u should at least spread to minimum 2 stocks (must be with good FA n time entry n exit with TA" but imo, not more than 3 stocks, so tat u can put your full attention to it, monitor tightly and in event anything goes wrong, u wont kerang kabok, panic with so many counters to exit.

rachael ( Date: 14-Aug-2009 14:21) Posted:

Hello Richtan, I read your posting everyday in fact every half hour to check on Midas share prices (all my money are invested here now) and your posting and charts which are useful. I just put good post rating before posting here..so cool down and look forward to see more of your posting. Smiley

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14-Aug-2009 14:34

Midas / Midas

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Hi rachael,

Many thanks for your support.

rachael ( Date: 14-Aug-2009 14:21) Posted:

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14-Aug-2009 14:18

AusGroup / AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m

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Posted: 13-Aug-2009 13:06 Contact richtan * Quote this Post!
x 0 x 0 * Alert Admin	OCBC "Mkt Pulse" calender indicates est 4Q09 results release on 18/8

bennykusman ( Date: 14-Aug-2009 13:28) Posted:

is ausgroup 2Q report out ald ?

dionnazhao ( Date: 14-Aug-2009 11:41) Posted:

then why today drop a lot..

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14-Aug-2009 14:14

AusGroup / AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m

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Hi dionnazhao,

Just look at any stock charts and u will notice tat stocks dun go up in one straight line, bound to have profit-taking,

corrections and consolidation.

To succeed in trading, I always said:

"Learn to master TA n u are the master of your own trades."

"Learn how to fish n u can fend for yourself forever, relying on tothers n forever u r dependent on others n at their mercy"

"There is no easy way n short-cut to success in life, including trading, all are own hardwork"

I had created a thread dedicated to newbies: "Learning TA" under "General", "Trading Techniques", where u can learn TA for free,

of course u can also buy TA books, I had recommended a few, click on my nick to search for it n also read my past advices n my

3 golden mantras.

Take your time to read, dun rush, keep track where u started n stopped, not forgetting newer posts,

remember "Rome was not built in one day"

dionnazhao ( Date: 14-Aug-2009 11:41) Posted:

then why today drop a lot...

richtan ( Date: 14-Aug-2009 10:19) Posted:

This should be good news for Ausgroup:

Asian Stocks Gain on Higher Metal Prices; Leighton Advances

Share | Email | Print | A A A

By Jonathan Burgos and Satoshi Kawano

Aug. 14 (Bloomberg) -- Asian stocks rose, putting the MSCI Asia Pacific Index on course for its highest level in 10 months, after increased metal prices boosted commodities companies.

BHP Billiton Ltd., the world’s biggest mining company, rose 1.6 percent. Mitsubishi Corp., a Japanese trading company that gets more than a third of its sales from resources, climbed 3.4 percent. Leighton Holdings Ltd., Australia’s biggest construction company, advanced 8 percent after forecasting higher earnings this fiscal year.

“Resilience in the commodity market will likely prompt investors to snap up Japanese trading houses, while the weaker dollar will drive down exporters,” said Juichi Wako, a senior strategist at Tokyo-based Nomura Holdings Inc.

The MSCI Asia Pacific Index rose 0.8 percent to 114.23 as of 9:47 a.m. in Tokyo, on course for its highest close since Sept. 25. The gauge has gained 62 percent from the lowest in more than five years on March 9, as improved economic statistics and corporate earnings fanned optimism the global economy is recovering.

Japan’s Nikkei 225 Stock Average added 1.1 percent to 10,628.28. Australia’s S&P/ASX 200 Index climbed 1.5 percent, while New Zealand’s NZX 50 Index added 0.6 percent. South Korea’s Kospi Index advanced 1.7 percent.

Stocks on the MSCI gauge are valued at an average 24.8 times estimated profit, compared with 17 times for the MSCI World Index. About 41 percent of the companies on the Asian measure that have reported quarterly earnings since early July have beaten estimates, according to data compiled by Bloomberg.

A gauge of six metals in London climbed 3.6 percent yesterday to the highest level since Sept. 30. Copper rose 3.2 percent in New York.

Futures on the Standard & Poor’s 500 Index added 0.1 percent. The gauge climbed 0.7 percent in New York yesterday as better-than-estimated earnings from Wal-Mart Stores Inc. overshadowed an unexpected decline in retail sales. Banking shares gained after investor John Paulson’s hedge fund bought stakes in banks, sending the KBW Bank Index 3.1 percent higher, the most this week.

The S&P 500 earlier dropped as much as 0.5 percent following government reports on retail sales and initial jobless claims that were worse than economists had estimated.

To contact the reporter for this story: Jonathan Burgos in Singapore at jburgos4@bloomberg.net; Satoshi Kawano in Tokyo at skawano1@bloomberg.net.

Last Updated: August 13, 2009 21:11 EDT

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14-Aug-2009 13:58

Midas / Midas

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x 1

This is my "open call" to admin to remove the "bad post" rating for the betterment of the forum as it does not add value and substance to the forum but instead subject to abuse.

Anyone who disagree should rightfully post a reply to make their views known instead of being a coward back-stabbing behind the screen.

I m not a single bit bothered by it, but my main concern is, it might mislead newbies, thinking it is a bad post.

edskh78 ( Date: 14-Aug-2009 12:39) Posted:

Actually I think you should just ignore those bad ratings. I am not familiar with TA but I do look at your chart. People who know stocks will not care about the bad ratings others give you. Better than "zhuan niu jiao jian".

As long as you ignore them long enough, they will go away because they realise it is no fun. Like you said, the bad ratings does not affect your pocket nor integrity. So just focus on sharing your thoughts and absorbing others's thoughts.

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14-Aug-2009 13:50

Midas / Midas

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Hi devilman,

Many thanks for your compliments, hope u too learn TA so tat u can share in the future.

I had created a thread dedicated to newbies: "Learning TA" under "General", "Trading Techniques", where u can learn TA for free, of course u can also buy TA books, I had recommended a few, click on my nick to search for it n also read my past advices n my 3 golden mantras.

Take your time to read, dun rush, keep track where u started n stopped, not forgetting newer posts, remember "Rome was not built in one day"

I also sincerely hope u give me your support with your mouse, if u think my posts deserve good rating, particularly to prove those timid coward tat abuse the rating system.

devilman ( Date: 14-Aug-2009 12:50) Posted:

Hi Richtan,

I enjoy looking at your post. I am also thinking MIDAS long term is still bullish .

Definitely hope to learn more from your posting.

Thanks.

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14-Aug-2009 12:30

Midas / Midas

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Many thanks to those tat gives me support with good rating to prove those morons wrong.

Posted: 14-Aug-2009 11:57 Contact richtan * Quote this Post!

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* Alert Admin

JMO, this is another golden opportunity for those who missed the boat, to load up as it now corrccts and pullback to near the 15ema.

Note tat the 15ema n 25ema had been providing amazingly strong support, but nothing is guaranteed, so set your stop-loss.

Dyodd n BOSAYOR

edskh78 ( Date: 14-Aug-2009 11:43) Posted:

vested at $0.88. Just hope that the results are not factored into the price already.

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14-Aug-2009 12:23

Midas / Midas

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To those who know tat Midas have strong FA n TA, they wont be tricked by these 3 "bad ratings"

To the newbies, dun be conned n frightened by it, to me it doesn't mean anything as it does not hurt my pockets a single penny.

But, as I always said: "TA is not infallible, so dyodd n BOSAYOR n set your set-loss"

Hahahaha.... Smiley Smiley Smiley Smiley Smiley Smiley Smiley Smiley Smiley Smiley Smiley Smiley Smiley Smiley Smiley

richtan ( Date: 14-Aug-2009 11:57) Posted:

JMO, this is another golden opportunity for those who missed the boat, to load up as it now corrccts and pullback to near the 15ema.

Note tat the 15ema n 25ema had been providing amazingly strong support, but nothing is guaranteed, so set your stop-loss.

Dyodd n BOSAYOR

edskh78 ( Date: 14-Aug-2009 11:43) Posted:

vested at $0.88. Just hope that the results are not factored into the price already.

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14-Aug-2009 12:14

Midas / Midas

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x 2

Do u think tat at this price, it is dirt cheap compared to its high of 2.32 in June 2007,

given its streams of awarded contracts n more to come with China's huge stimulas spending on infrastructure.

The wise have foresight but the fools regret in hindsight.

richtan ( Date: 14-Aug-2009 11:57) Posted:

JMO, this is another golden opportunity for those who missed the boat, to load up as it now corrccts and pullback to near the 15ema.

Note tat the 15ema n 25ema had been providing amazingly strong support, but nothing is guaranteed, so set your stop-loss.

Dyodd n BOSAYOR

edskh78 ( Date: 14-Aug-2009 11:43) Posted:

vested at $0.88. Just hope that the results are not factored into the price already.

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14-Aug-2009 11:57

Midas / Midas

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x 3

JMO, this is another golden opportunity for those who missed the boat, to load up as it now corrccts and pullback to near the 15ema.

Note tat the 15ema n 25ema had been providing amazingly strong support, but nothing is guaranteed, so set your stop-loss.

Dyodd n BOSAYOR

edskh78 ( Date: 14-Aug-2009 11:43) Posted:

vested at $0.88. Just hope that the results are not factored into the price already.

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