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Latest Posts By risktaker - Supreme      About risktaker
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07-Aug-2009 11:59 Others   /   Bear Or Bull ?       Go to Message
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ya singapore stocks kenna hammer by overseas fund how to celebrate National Day ?

Later you see the sign of "89" must buy :)
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07-Aug-2009 11:49 Midas   /   Midas       Go to Message
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I gonna buy in soon :)

I have a strong feeling today afternoon will rally up.
UP UP UP MIDAS :)

 



richtan      ( Date: 07-Aug-2009 10:39) Posted:

Look at the general mkt, now a sea of red except a few green, so not surprising for Midas to follow but when mkt recovers, it will go up again.

richtan      ( Date: 07-Aug-2009 10:35) Posted:

Basically, nothing wrong with Midas, it is down just bccos of mkt corrections, believe in the strong FA, if have holding power, will one day break 89 n go even higher unless whole mkt crash.

To me, it is more of a fire-sale, I m buying more again n prepared to exit if later I spot any reversal sign.
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07-Aug-2009 11:41 Midas   /   Midas       Go to Message
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WOW Big players throwing this baby again ....
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07-Aug-2009 10:49 Others   /   Bear Or Bull ?       Go to Message
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Dr Tony Tan is very smart and incredible good foresight.

Remember what he say in 2007 crisis is coming but some didnt believed him. This morning Tony Tan say on Newspaper that the worst is over.... somemore National Day celebration... I donno market like that how to celebrate national day over weekend ? Me as a singaporean no mood liao. Loose money how to celebrate.

 

 
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07-Aug-2009 10:39 Others   /   Bear Or Bull ?       Go to Message
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Today, Most of us celebrate National Day. Tony Tan even say the worst is past and yet why Market today didnt rally and fall instead ?

Support for Singapore gone ? Whats going on? No BB love singapore anymore ?
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07-Aug-2009 10:36 Midas   /   Midas       Go to Message
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I wished Local big players will rally up and everyone huat. I lose nevermind :( Learnt a lesson

 
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07-Aug-2009 10:10 Midas   /   Midas       Go to Message
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x 1 		wow lucky never buy .... see going down....... omg

richtan      ( Date: 07-Aug-2009 09:34) Posted:

Never mind, tats history, past, look forward n learn from mistake.

I, too was once extremely more stupid than u were, but if I can recover n wise up, so can u.

As I said, click on my nick n read my past advices to newbies, my golden mantras I learnt from TA books n "Learning TA" thread specially created with newbies in mind, it will stand u in good stead

Dun be emotional in trading.

IMO. it is still not too late to catch back, but as usual dyodd n BOSAYOR.



risktaker      ( Date: 07-Aug-2009 05:50) Posted:



Results should be quite good as my wife's uncle "from hong kong" who owns a small factory in china say the worst period was during the first quarter. Many orders have return in 2nd quarters, and because of that they are relief "revenue grow".

Midas results as everyone expected is good but the key question is how good. 

I really feel that i am terribly stupid i throw out midas @ 0.84 ..... today might go in again T.T
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07-Aug-2009 05:50 Midas   /   Midas       Go to Message
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Results should be quite good as my wife's uncle "from hong kong" who owns a small factory in china say the worst period was during the first quarter. Many orders have return in 2nd quarters, and because of that they are relief "revenue grow".

Midas results as everyone expected is good but the key question is how good. 

I really feel that i am terribly stupid i throw out midas @ 0.84 ..... today might go in again T.T
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06-Aug-2009 15:50 Midas   /   Midas       Go to Message
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the resistance are very strong. look at the sell... i wont dare to go in .... Buy too weak.

Wish u guys Huat
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06-Aug-2009 15:45 Midas   /   Midas       Go to Message
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x 0 		I scared i kenna burn again .... 4000 just few days omg faint
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06-Aug-2009 15:30 Midas   /   Midas       Go to Message
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I really hope it will cheong for u guys even though i sold my shares off already. But becareful these guys are controlling it. When they change their mind to test 0.82 .....  we never know

 

GOOD LUCK guys Wish u all HUAT



richtan      ( Date: 06-Aug-2009 15:25) Posted:

Cool man, dun scold yourself stupid.

No one is stupid, if willing to learn.

I too was stupid once, many years ago, but now wiser after realising trading needs hardwork, trading on guts-feel, n listening to MFTS will be our doom.

I always say: "Master TA n u are the master of your trades", n "Learn how to fish n u can fend for yourself forever but relying on others n u will always be at the mercy of others"



risktaker      ( Date: 06-Aug-2009 15:15) Posted:

I am so stupid .... i sold off ......................................................... OMG ..... Now its climbing and next week results so good omg.
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06-Aug-2009 15:15 Midas   /   Midas       Go to Message
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I am so stupid .... i sold off ......................................................... OMG ..... Now its climbing and next week results so good omg.



risktaker      ( Date: 06-Aug-2009 15:04) Posted:

OMG i sold it at 0.84 now it was 0.85 .......... I faint liao lor .....................kenna sia midas

solar2008      ( Date: 06-Aug-2009 14:27) Posted:

Even if it drops below 0.82, I will still hold. Believe is a good stock that worth holding.
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06-Aug-2009 15:04 Midas   /   Midas       Go to Message
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x 0 		OMG i sold it at 0.84 now it was 0.85 .......... I faint liao lor .....................kenna sia midas

solar2008      ( Date: 06-Aug-2009 14:27) Posted:

Even if it drops below 0.82, I will still hold. Believe is a good stock that worth holding.



richtan      ( Date: 06-Aug-2009 14:22) Posted:

No leh, no sell-off leh, instead buy-off leh.

Careful dyodd, dun anyhow listen to anybody as they are not GOD, they are just like u and me, mere mortals and remember hor, they dun owe us a living, we cant claim our losses from them u know.
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06-Aug-2009 13:16 Midas   /   Midas       Go to Message
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Big players will only come in and support it @ 0.825

watchout for afternoon sell off.

I should have listen to my friend ....... told me sell off coming from funds on monday T.T

yes i agree with you richtan, as long as i hold it is ok :) 



richtan      ( Date: 06-Aug-2009 12:34) Posted:

Hi risktaker,

Frankly, IMHO, u should not be unduly worried, given the strong FA and streams of contracts being awarded n more to come, but as usual dyodd and SOBAYOR(Sell Or Buy At Your Own Risk), just ignore the short term fluctuations.

In time to come, it will definitely be more than 86, tats for sure, imo.



risktaker      ( Date: 06-Aug-2009 12:25) Posted:

average around 0.86.

 

 
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06-Aug-2009 12:25 Midas   /   Midas       Go to Message
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average around 0.86.

 

 



dealer0168      ( Date: 06-Aug-2009 11:48) Posted:

u bought at what price?

risktaker      ( Date: 06-Aug-2009 11:32) Posted:

I think today afternoon gonna try 0.82

T.T  my pocket kenna burn $4000 so far



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06-Aug-2009 11:32 Midas   /   Midas       Go to Message
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I think today afternoon gonna try 0.82

T.T  my pocket kenna burn $4000 so far



solar2008      ( Date: 06-Aug-2009 11:08) Posted:

midas sustaining well so far at 0.84.
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06-Aug-2009 08:17 Midas   /   Midas       Go to Message
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lets pray that some local BB will come in and counter the HK funds. The selling are not from the local funds but HK funds.

 

National Day Rally Where are you ?
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05-Aug-2009 17:14 Midas   /   Midas       Go to Message
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I hope your right that the news will be out tomorrow :)

As I got news from friend the results wont be out this week, instead on next week.



risktaker      ( Date: 05-Aug-2009 13:12) Posted:

It could be this thursday, as i am based on their previous release date. 7th August. But maybe due to the coming National Day, they might change it to Thursday.

The highly positive results shall be in by latest this friday.

Good luck to all 



richtan      ( Date: 05-Aug-2009 12:55) Posted:

Hi risktaker,

Is it confirmed this Fri, bcos I read in one broking house reports tat expected results released is on this Thurs, ie tomoro.

Thks
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05-Aug-2009 15:58 Others   /   DOW       Go to Message
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Future is negative atm :(

However I just told by my friend. US might rally tonight if not gain a little. 
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05-Aug-2009 13:22 Midas   /   Midas       Go to Message
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The directors did not sell it, it just loan it out for new share placement. Once new share placement has been completed the shares are transferred back to the directors.




jasonsg      ( Date: 05-Aug-2009 13:13) Posted:

I still don't get. The sale of the shares 120million is quite sensible as it is the placed shares. so company got about 0.1bsd. then on 24th, the directors buy back 120million shares. How do they buy back such a large amount of shares in one day?  Are directors that rich? (almost 0.1b)? and why the directors need buy back? 

risktaker      ( Date: 05-Aug-2009 12:35) Posted:



Ok look at this example.

Midas has 1000 million shares. They decided to issue new 120 million shares to private placement. In order to have a speedy & cost effective placement Midas director loan out 120 million shares to its fund manager. Private investor are contacted and happy to purchase all the 120 million shares @ a discount. Initial offer is 100 million shares but due to the overwhelming interest from investors they throw in another 20 million share.

Therefore after the new placement of shares the company total shares is 1120 million shares and 120 million shares are return to the directors that previous loan out the shares.

Why they do this ?

1) Fast & cost-effective as it reduce alot of admin cost.

2) They have to expand to meet its book order.

 

Midas can be easily in the range of $1.2 - $1.6 by early next year. FY10 book order are expected to raise many times. 
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