| Latest Forum Topics / Midas Last:0.192 -- |
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Midas
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Isolator
Supreme |
30-Jun-2011 11:40
Yells: "STI is hard landing to below 2000..." |
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Put on the gears.... Be ready for the ride up..... | ||||
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Isolator
Supreme |
30-Jun-2011 10:20
Yells: "STI is hard landing to below 2000..." |
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x 0 Alert Admin |
Break at 66ct will give you a wonderful returns.... |
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srntyb
Member |
29-Jun-2011 21:36
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Anybody has any analysis on after it hits 0.7? | ||||
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Isolator
Supreme |
29-Jun-2011 17:08
Yells: "STI is hard landing to below 2000..." |
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A better tmr for sure.... | ||||
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New123
Elite |
29-Jun-2012 13:58
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Yup! Think so too! The big queue at 65.5 cents will be cleared soon...
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Isolator
Supreme |
29-Jun-2011 15:20
Yells: "STI is hard landing to below 2000..." |
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Go Go Go.... A break out to come.... lol | ||||
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Isolator
Supreme |
29-Jun-2011 14:31
Yells: "STI is hard landing to below 2000..." |
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x 0 Alert Admin |
Alright.... Start to buy.... | ||||
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excorfer
Member |
27-Jun-2011 23:03
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lol. what a confidence. yup i believe so. midas has breakout from its falling wedge. rebounded strongly off from 0.60, believe u will see 0.7 soon. | ||||
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stockwinner
Member |
27-Jun-2011 22:51
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tomorrow to hit 0.695...
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New123
Elite |
27-Jun-2011 22:26
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Dow is up today. Hopefully tmr will see Midas rises up to 67.5 - 68 cents soon.. | ||||
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New123
Elite |
27-Jun-2011 15:34
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Hopefully can continue the uptrend from here. Europe mkt edge up a little . | ||||
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Hulumas
Supreme |
24-Jun-2011 21:08
Yells: "INVEST but not TRADE please!" |
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Why not, I am buying it up, next week!
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alexchia01
Elite |
24-Jun-2011 16:28
Yells: "Catch The Stars And Ride With Them" |
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Yes, Highly possible. But I like to see it close $0.66 or higher before I would Buy.
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New123
Elite |
24-Jun-2011 16:24
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69.5 - 70 cents is immiment...
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ruanlai
Master |
24-Jun-2011 14:25
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High-Speed Rail Poised to Alter China - Good for MIDAS? David Fuller and Eoin Treacy's Comment of the Day Thursday 23rd June 2011 High-Speed Rail Poised to Alter China - This is an informative article by Keith Bradsher for The New York Times. Here is the opening: CHANGSHA, China - Even as China prepares to open bullet train service from Beijing to Shanghai by July 1, this nation's steadily expanding high-speed rail network is being pilloried on a scale rare among Chinese citizens and news media. Complaints include the system's high costs and pricey fares, the quality of construction and the allegation of self-dealing by a rail minister who was fired earlier this year on corruption grounds. But often overlooked, amid all the controversy, are the very real economic benefits that the world's most advanced fast rail system is bringing to China - and the competitive challenges it poses for the United States and Europe. Just as building the interstate highway system a half-century ago made modern, national commerce more feasible in the United States, China's ambitious rail rollout is helping integrate the economy of this sprawling, populous nation - though on a much faster construction timetable and at significantly higher travel speeds than anything envisioned by the Eisenhower administration. Work crews of as many as 100,000 people per line have built about half of the 10,000-mile network in just six years, in many cases ahead of schedule - including the Beijing-to-Shanghai line that was not originally expected to open until next year. The entire system is on course to be completed by 2020. For the United States and Europe, the implications go beyond marveling at the pace of Communist-style civil engineering. China's manufacturing might and global export machine are likely to grow more powerful as 200-mile-an-hour trains link cities and provinces that were previously as much as 24 hours by road or rail from the entrepreneurial seacoast. My view - Given China's size and now its economic might, almost everything it does generates controversy. Some see a runaway building boom, serial bubbles and an economy about to go off the rails. Others see it as the most miraculous economic transformation in history and confirmation of China's burgeoning superpower status. Of course there will be bubbles, misallocation of funds, corruption and inequities, but these are certainly not unique to China. In fact, we can identify them in many countries today and throughout their history. However in terms of relative performance - a subject of importance to every investor - China's economy is setting the pace in an increasing number of industries, from bullet trains to the development of green energy technology. Needless to say, this is not currently reflected in China's stock market performance (weekly & daily), mainly due to the initial problem of supply and subsequently, monetary tightening. These are only medium-term problems, and valuations have improved during this market lull. Today, China's equity indices look oversold and the Shanghai A-Shares Index shown above had its first upward dynamic since the January to April rally. However, it will require a break in the progression of lower rally highs shown on the weekly chart to confirm eventually that demand has regained the upper hand. The key to a significant improvement in performance, I believe, will be a shift in monetary policy to at least a neutral stance. Some China analysts think this could occur within the next month or two. We will see. Meanwhile, supply is no longer a problem. For some interesting historic perspective on railroads, the Deutsche Bank report: Is Outsourcing History?, posted below by Eoin, details railroad development in the USA in the 19th Century. I summarise: In 1830, the USA had 40 miles of railroad. This grew to 28,920 miles by 1890 and 163,592 miles by 1890. It opened up the West and enabled goods to be moved from one end of the country to another. The energy and vision to build these railroads were essential to America's economic success. The Chinese certainly know this workers imported from China laid a significant amount of the USA's railroad tracks. Additional commentary by Eoin Treacy The Wide Angle: Is Outsourcing History? - Thanks to a subscriber for another in this series of reports from Deutsche Bank focusing on long-term themes, this time by Sanjeev Sanyal. There is a great deal of interest in this report and I commend it to subscribers. Here is a section: The Bureau of Labor Statistics provides data on the unit labour cost for the manufacturing sector in major countries calculated in local currency as well as on a US dollar basis (i.e. after accounting for exchange rate movement). The data showed that unit labour cost in US manufacturing in 2009 was 14% lower than in 2000 and 20% lower than in 1991. Indeed, it is now below the level in 1980! The trends for German manufacturing are strongly affected by the exchange rate. The unit labour cost in dollar terms jumped 57% between 2002 and 2009 but by only 6% in local currency terms. German unit labour cost in local currency terms had, in fact, declined by 8% between 2002 and 2008, but jumped up in 2009 as the recession caused output to decline. Thus, the performance gap between USD and local currency terms is actually even larger than suggested by the 2009 data. Fortunately, the gap is partly tempered by the fact that Germany enjoys a fixed exchange rate with many trading partners thanks to the Euro. No such buffer cushions the Japanese who have also suffered from swings in the exchange rate. Unit labour costs had jumped sharply despite efficiency gains in the late 1980s and early 1990s due to sharp Yen appreciation. It has suffered the same problem in recent years as the Yen has risen towards JPY80/USD. The data from US Bureau of Labour Statistics (BLS) shows that the Americans clearly benefit from dollar weakness but they also need to be commended for improving labour productivity on sustained basis. This has been achieved through improvements in automation, design, supply management and so on. However, this was not achieved merely by bulking up capital investment since the contribution of capital intensity of manufacturing has only gone up by 13% since 1987 and has been roughly stable since 2005. Instead, multifactor productivity has gone up more than 40% over the last two decades. My view - The manufacture of textiles is enormously cost sensitive, especially at the low end of the pricing scale. Therefore it is one of the first sectors to migrate to new sites, lured by low labour costs. As the above report points out, it is unlikely that such industries will ever return en masse to Europe or North America even as Chinese labour costs rise. They are much more likely to seek out new low cost environments. Vietnam and other ASEAN countries have benefitted at least partially from this migration over the last few years. A subscriber at recent Chart Seminar, who is involved in the cotton sector, shared his observation that some textile manufacturers have moved to North and East Africa in order to avail of even lower costs and abundant labour. Chinese Average Wages in the Manufacturing sector rose from CNY753 per annum in 1980 to CNY26,599 at the end of 2009. Following double digit increases last year it is probably safe to assume a figure in excess of CNY30,000 is more accurate today. Low end manufacturing, dependent on cheap labour and focused on export has begun the move to other regions where wage pressures are not as acute. China has enticed some to move to the less developed interior but the need to move up the value chain in terms of manufacturing is essential if the country is to remain on a secular growth trajectory. China has made significant gains on this front. The policy of forcing every foreign company seeking to do business in China into joint venture/technology sharing agreements is beginning to bear fruit. Chinese cars manufacturers are beginning to sell their products globally. Chinese passenger airliners are soon likely to follow. China's restriction of rare earth element exports was initiated at least in part to protect its domestic industries which make intensive use of these metals in manufacturing wind turbines, solar panels and technological widgets in the telecommunications and computer sectors. Much has been written about Germany's outperformance during the current crisis and there is little doubt that its manufacturers are well exposed to the growth of the global middle class. They are also benefitting from the weakness of the Euro. The outperformance of the USA's global franchise companies is no less noteworthy. They have also benefitted from the relative weakness of the US Dollar. Companies from both China and India have demonstrated that they are capable of competing internationally and with global brands in their own domestic markets. The relative attractiveness of a weak currency has long been a feature of both Chinese and Indian economics. However, with rising costs, inflationary pressures and more favourable terms of trade both countries have begun to allow their respective currencies to appreciate. The Chinese are gradually allowing the Renminbi to appreciate 21% in six years against the US Dollar. The Indian's Rupee's devaluation has also ended and it has stabilised below R50 versus the US Dollar. The US Dollar Index has been trending downwards since 2001. It has lost momentum since 2008 but has yet to conclusively signal that it a bottom has been reached. Asian currencies, generally, remain in consistent medium-term uptrends relative to the Dollar. The Euro has been trending lower in a volatile manner against the Renminbi and remains in a relative uptrend against Rupee . Efficiency gains in the USA have also helped to bolster the country's competitiveness. That does not dismiss the significant challenges which remain for the USA to overcome. However, cost competitiveness is not likely to be one of those hurdles outside of the low end manufacturing sector. > From an investment standpoint, the relative performance of Asian stock markets coupled with the outperformance of their currencies, particularly against the US Dollar makes for an attractive long-term proposition. |
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Isolator
Supreme |
24-Jun-2011 14:10
Yells: "STI is hard landing to below 2000..." |
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Good break... but I have already took profit few day back.... | ||||
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New123
Elite |
24-Jun-2011 11:38
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Have you sold off or are you buying back again?
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New123
Elite |
24-Jun-2011 11:26
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Breaking out 65.5 cents soon...
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Isolator
Supreme |
24-Jun-2011 09:46
Yells: "STI is hard landing to below 2000..." |
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x 0
x 0 Alert Admin |
It has been trying to break up.... need more power... it maybe bound back down.... | ||||
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New123
Elite |
24-Jun-2011 09:37
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Is on an uptrend mode . Grap it before its going to test 70 cents soon.. | ||||
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