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Midas
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teeth53
Supreme |
15-Oct-2011 01:11
Yells: "don't learn through life, learn to grow with life " |
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Mkt siao 1, nothing technical, fundamental, basic bull or bear. It more now on sentiment play on good and bad news in the case of Midas, and oso for all other stocks.
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JUNWEI9756
Supreme |
15-Oct-2011 00:56
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ya lor ya lor… japan banana notes i also long for 50 years… LOL...
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xing78
Elite |
15-Oct-2011 00:39
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Cannot Long shares 10 years close eyes? I still have some Singtel leh, I think 10 years coming liao... anyway government give it to everyone for free so just keep lor. I have also Long SGD for more than 30 years. I consider that bad investment. LOL
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JustinQuek
Veteran |
15-Oct-2011 00:29
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Just to let you know when i first played shares i have simple mindset.i dont even know what was i buying. Slowly i learn hard way. Lose Big money then slowly Recoup losses earn money recoup earn money even until this day. Now i do technical analysis fundamental analysis and in line with news to the hour and plot down the effect of certain news the psychological mindset of people. and i always spend many hours doing comparison. So before that gather all the information do your homework before u decide to plunge in a stock.and remember that investment is a calculated gamble. EVERY SHARE CAN MAKE MONEY .Its the timing of when you buy and sell in a day trade,theres the high and low. Be patient.Set a target price for a basket of 20 shares that you will like to enter .The target price must be extremely favourable and wait till that target price is reached and buy in 5k and wait if it rises good for you . if it drops wait wait then drop more than half its value dollar average by another 5k but first do your homework whether its good to pour good money after bad. |
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JUNWEI9756
Supreme |
15-Oct-2011 00:24
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I sold it off already… MIDAS is out… I respect your attitude. You admit your losses… Just a little small advice… Dont play punk with the market… you can never live longer than it… Cannot say things like ( i buy shares long 10 years close eyes dont see) unless you are real cash rich.. lol.. once market give u chance to cut your losses… let go… a loss is a loss… it is meant to be… it is ur mistake made.. dont blame anyone.. lol.. just tcss also...
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JustinQuek
Veteran |
15-Oct-2011 00:22
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This week very happy liao now building the War chest of cash . Making money in a volatile market. Waiting patiently for the next down trend to wack . Taking our Midas shares bit by bit. I dont have any financial statements from Midas But other information i have for midas is an information from a friend friend who did the research report for Midas long ago in 2004. They went to the actual place to check , it was large and spacious and look set for big opportunities. that was in 2004. With regards to the many factory expansion its probably worth more now. The only Problem is at what capacity they are operating at now currently,ceteris paribus If sales were to occur within NPRT and MIDAS . What is the transfer pricing and profit margin How much adminstrative costs is due to financing the new expansion plans The outlook for oil prices and cost of goods and financing issues The Current accounting regulations that classfify their assets under.The depreciation of assets method as well as whether assets are measured at fair value or book value. i Belive its at fair value due to gains on disposal of asset .I pretty feel the financial statements are accurate as its audited i think by BDO organization pretty good accounting organizaton The Fundamentals are pretty decent at the moment with it below its NAV of 46 cents . If you ask me. my word is again reticulated " get out of the market as soon as you can and stay in sidelines,do not dollar average quickly and only buy when severly undervalued . and with stocks that are at a loss .get out when u cover the loss. the rally is far too fake to me. if want buy stock buy defensive stocks like telco and reits ,midas also can provided railway pretty defensive u see the damn news that they secure a new contract. I promise the next time i buy a stock i will look at their website if their website sucks in information giving, will deter me from buying the stock like yzj dont know why i like to buy yzj cant even find the website |
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teeth53
Supreme |
15-Oct-2011 00:21
Yells: "don't learn through life, learn to grow with life " |
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It is an up hill task to recoup, just human lossing abit is just like winning, not lossing is oredi a win. Siao mkt, enjoy the volatile roller coaster ride. |
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JustinQuek
Veteran |
15-Oct-2011 00:09
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I have alot to recoup . My money is hard earned . the last 18transactions i pick i all earn money 2 transactions i pick wrongly wipe the 18 transactions earnings to give a negative overall. : ( Midas okay no prob reach 1 dollar.Take time to do that. Must have good order book .Then okay no prob with its double production. LOOK 66 million shares traded . thats nearly like 1 month of all midas trades. share price today is played by big buyers who the heck have so much money to keep pushing the stock up i dont know. But i am certain this big buyer will push it up further so that the stocks he bought before will be of higher asset networth. He has the means to do so .Slowly and effectively, and he might let go at targetted price. 60 cents maybe? i would assume no lower than that. If it goes up more than 44 cents its worth a buy cause shorter have to cover back . Today already shorters kanna burn big time for those that short at 32 cents etc. So Monday buyback is very very likely. their " margin accounts" have exploded. But then today buy back could also due to shorters cover rally. Ask me i wont know how many shares are shorted.Just a guess. Im selling at 50 cents and above happily. the last time i bought midas was 0.41 cents Long ago. waited very long for this day to cut loss |
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warrenbegger
Elite |
15-Oct-2011 00:04
Yells: "Anyhow Buy Anyhow Die ^_^" |
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LOL! Chase higher in this kind of siao market? U very cute. Ha ha ha. I not gu gu bird la :)
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teeth53
Supreme |
14-Oct-2011 23:48
Yells: "don't learn through life, learn to grow with life " |
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No harm, can chase higher high, if think this midas is once a dollar stock..Happy trading. Don take my word for it, I m always often wrong. |
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warrenbegger
Elite |
14-Oct-2011 23:39
Yells: "Anyhow Buy Anyhow Die ^_^" |
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Now U know why? I want to load at the low px also but too bad my %risk-control had hit my limit for other counter. I miss so many boat!!! Puiii Puiii Puiii !!!!!!!!!!!!!
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teeth53
Supreme |
14-Oct-2011 23:03
Yells: "don't learn through life, learn to grow with life " |
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Greek Finance Minister Evangelos told the ruling party of 3 possible outcomes to the debt crisis, including one that involves an orderly default with a 50% loss for bondholders.
The “bad” scenario is a collapse of the accord and a disorderly default. The “better” one involves an orderly default in the euro area with Venizelos indicating a 50% haircut for investors, the newspaper said. That outcome isn’t something Greece can request and requires the agreement and coordination of many... Greece debt holders to take a 50% hair-cut i.e. cut Greece debt from Euro 340billion to Euro ... least Euro 2 trillion and perhaps even Euro 3 trillion by leveraging up ...
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teeth53
Supreme |
14-Oct-2011 22:50
Yells: "don't learn through life, learn to grow with life " |
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There R as many out there, oni tip of d ice berg, gamblers usually losses alot 1, oni none gamble trader win. Most recent n famous case is UBS rouge trader - $2 bln lost, and most recently Euro 17 states is asking Greece to hav a hair cut up to 50%. So banks and bankers don always win. Instead of oni lossing 21% or loss 0.21 cents, every dollar loaned out, bankers lost 0.50 cents.
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JustinQuek
Veteran |
14-Oct-2011 21:49
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been burn when stops drop i buy b4 or burn harder when stocks rise i buy. Market trend is like this you wont know and when drop ...you think its momentarily that it continues on and on and the loss gets bigger and bigger i now getting out all those lossess laio this week recoup staggering 7k | ||||
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teeth53
Supreme |
14-Oct-2011 21:39
Yells: "don't learn through life, learn to grow with life " |
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Agree with U. It will take one to climb many mountains, up and down and up and down B4 it can reach. Whatever prices been target at...just respect mkt players play, as mkt don respect players.
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JustinQuek
Veteran |
14-Oct-2011 21:17
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learn to run away from this stock as i doubt i takes that fast to go back to 1 dollar. Survive and come back another day. PAPER loss and long time investment is just excuses when one has made loss. I made a loss b4 and from time to time. I admit that. | ||||
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New123
Elite |
14-Oct-2011 20:18
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I think a lot of ppl are still holding on to this stock! Midas is going to shine again once all the bad news had already been digested.. Any good news from now is going to boost the shares prices.. So long you are buying using your spare cash. Long term it will still goes back to the prices that you hv bought before. I won't be surprise it will goes back to $1.00. ''Every crisis will past and Fear will not last forever.Confidence will soon return when you started to see the Indexs going up again. What goes down must eventually come up." Long time investor will not lose out ...
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JustinQuek
Veteran |
14-Oct-2011 19:21
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I expected Midas to stagnant today due to recent high gains.Reason midas will go up Midas have been shorted big time and very big time. Now shorters are rushing to cover.a bit by bit. short covering rally will be in news for next week then followed by real buying. then market news from positive government intervention and lower interest rates. and contracts win. some will keep shorting eventually they have to cover back(Longish) . one it breaches 45 cents u might see it listed back in the Index = Double whammy upwards Advise you need to cover shorts early before the contracts come in and Midas double production bonus in 2012 from their expansion plans. |
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JustinQuek
Veteran |
14-Oct-2011 19:15
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hmm isolator...lol you went against the trend 5 times since we last talk . the only share i had left is midas as stated in my last posts seems like i am getting more and more accurate. your strat a bit weird isolator u wish for dow to be green and you short midas cause you are stuck at noble. . Monday midas will rally. its volume is staggeringly high . no big buyer will buy midas over and over again without insider info.Thanks for buying.Share will rally again due to your short selling. |
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Sgshares
Elite |
14-Oct-2011 17:18
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are you holding on a price higher than this & hopefully clear ?lol
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