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Midas Last:0.192 -

Midas

zhuoyu so fast sell?

risktaker ( Date: 08-Oct-2009 14:54) Posted:

Dont hurry and chase :) Zhou yu is happily selling lol

yipyip ( Date: 08-Oct-2009 14:53) Posted:

$0.855 coming soon...up

Risktaker is risking with stocks but with his comments as well. Midas is no risk and is as stable as a rock. It depends on how patient you are in realising your profit in medium term. But occasionally, Midas can spring surprises.

buylist ( Date: 08-Oct-2009 15:07) Posted:

Some foreign brokers are buying

Well then, if you think so :)

richtan ( Date: 08-Oct-2009 15:01) Posted:

On the contrary, I think I m the one to correct u.

It goes to show tat u dun know how to interpret the "Trade Summary", n instead trying to teach an old cock how to suck eggs.

risktaker ( Date: 08-Oct-2009 14:50) Posted:

let me correct you since you always post this. Today it shows it is Seller's market :) Also it did show buy up but not extreme la.

Now Midas has breakout EMA15. Goood

On the contrary, I think I m the one to correct u.

It goes to show tat u dun know how to interpret the "Trade Summary", n instead trying to teach an old cock how to suck eggs.

risktaker ( Date: 08-Oct-2009 14:50) Posted:

let me correct you since you always post this. Today it shows it is Seller's market :) Also it did show buy up but not extreme la.

richtan ( Date: 08-Oct-2009 14:46) Posted:

Today's vol as at this point in time had aredi exceeded yesterday's vol n

"Trade Summary" at this point in time shows extremely heavy buying-up (more than doubled the sell-down),

but of course, nothing is guaranteed, may change, so dyodd n BOSAYOR:

5EN (MIDAS)

WEIGHTED AVG PRICE : 0.8406	LAST DONE PRICE : 0.850
SPREAD/PRICE RATIO : 0.0000	AVG TRADE SIZE : 36.648

< />

Last	Trades	Vol	BuyVol	Mid	SellVol
0.830	13	325	153	0	172
0.835	187	5,126	2,951	0	2,175
0.838	1	45	0	45	0
0.840	37	1,379	10	0	1,369
0.845	4	994	39	0	955
0.850	56	3,052	63	0	2,989
TOTAL	298	10,921	3,216	45	7,660

Below is my chart analysis for sharing and exchange pointers.

My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.

If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start making unconstructive comments and plse do not be so childish or lunatic as to abuse the rating system by intentionally rating it as "bad post", this is not cursing but Buddhism beliefs tat intentional bad deeds will accumulate for yourself and possibly your next generation, "bad" karma for your "bad" deeds.

If u think it is a bad post, then be constructive and kindly post your TA for sharing. This is only my view n I may be right or wrong, so dyodd and SOBAYOR.

Dont hurry and chase :) Zhou yu is happily selling lol

yipyip ( Date: 08-Oct-2009 14:53) Posted:

$0.855 coming soon...up

lol even BB know when to dump at a loss :) Your broker dont have trailing stop ?

freeme ( Date: 08-Oct-2009 14:48) Posted:

some broker dun have trailing stop.. how leh?

richtan ( Date: 08-Oct-2009 14:43) Posted:

My advice is not to be too eager-beaver to take short profits and remember the 3rd golden mantra:

3) Cut losses short n let profit runs with trailing stops, we need to let profit runs as much as it can to cover all the losses made n yet make net gains. When we hit the cut-loss, never be emotional, be mechanical, immediately exit n never regret even if later it goes up bcos if dun cut, wat if it continues to go down, preserving ammunition to fight another day is the key. We can always re-enter if there is another buy sign candles, even if buying at a higher price have trailing stop.. how leh?

richtan ( Date: 08-Oct-2009 14:43) Posted:

My advice is not to be too eager-beaver to take short profits and remember the 3rd golden mantra:

3) Cut losses short n let profit runs with trailing stops, we need to let profit runs as much as it can to cover all the losses made n yet make net gains. When we hit the cut-loss, never be emotional, be mechanical, immediately exit n never regret even if later it goes up bcos if dun cut, wat if it continues to go down, preserving ammunition to fight another day is the key. We can always re-enter if there is another buy sign candles, even if buying at a higher price

risktaker 08-Oct-2009 14:50
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let me correct you since you always post this. Today it shows it is Seller's market :) Also it did show buy up but not extreme la.

richtan ( Date: 08-Oct-2009 14:46) Posted:

Today's vol as at this point in time had aredi exceeded yesterday's vol n

"Trade Summary" at this point in time shows extremely heavy buying-up (more than doubled the sell-down),

but of course, nothing is guaranteed, may change, so dyodd n BOSAYOR:

5EN (MIDAS)

WEIGHTED AVG PRICE : 0.8406	LAST DONE PRICE : 0.850
SPREAD/PRICE RATIO : 0.0000	AVG TRADE SIZE : 36.648

< />

Last	Trades	Vol	BuyVol	Mid	SellVol
0.830	13	325	153	0	172
0.835	187	5,126	2,951	0	2,175
0.838	1	45	0	45	0
0.840	37	1,379	10	0	1,369
0.845	4	994	39	0	955
0.850	56	3,052	63	0	2,989
TOTAL	298	10,921	3,216	45	7,660

tonylim 08-Oct-2009 14:49
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As mentioned in my last posting, my friends in China told me businessmen over there are accumulating Midas at around .85 - there is more upside.

richtan ( Date: 08-Oct-2009 14:43) Posted:

My advice is not to be too eager-beaver to take short profits and remember the 3rd golden mantra:

3) Cut losses short n let profit runs with trailing stops, we need to let profit runs as much as it can to cover all the losses made n yet make net gains. When we hit the cut-loss, never be emotional, be mechanical, immediately exit n never regret even if later it goes up bcos if dun cut, wat if it continues to go down, preserving ammunition to fight another day is the key. We can always re-enter if there is another buy sign candles, even if buying at a higher price

freeme 08-Oct-2009 14:48
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some broker dun have trailing stop.. how leh?

richtan ( Date: 08-Oct-2009 14:43) Posted:

My advice is not to be too eager-beaver to take short profits and remember the 3rd golden mantra:

3) Cut losses short n let profit runs with trailing stops, we need to let profit runs as much as it can to cover all the losses made n yet make net gains. When we hit the cut-loss, never be emotional, be mechanical, immediately exit n never regret even if later it goes up bcos if dun cut, wat if it continues to go down, preserving ammunition to fight another day is the key. We can always re-enter if there is another buy sign candles, even if buying at a higher price

richtan 08-Oct-2009 14:46
Contact Quote!

Today's vol as at this point in time had aredi exceeded yesterday's vol n

"Trade Summary" at this point in time shows extremely heavy buying-up (more than doubled the sell-down),

but of course, nothing is guaranteed, may change, so dyodd n BOSAYOR:

5EN (MIDAS)

WEIGHTED AVG PRICE : 0.8406	LAST DONE PRICE : 0.850
SPREAD/PRICE RATIO : 0.0000	AVG TRADE SIZE : 36.648

< />

Last	Trades	Vol	BuyVol	Mid	SellVol
0.830	13	325	153	0	172
0.835	187	5,126	2,951	0	2,175
0.838	1	45	0	45	0
0.840	37	1,379	10	0	1,369
0.845	4	994	39	0	955
0.850	56	3,052	63	0	2,989
TOTAL	298	10,921	3,216	45	7,660

yipyip 08-Oct-2009 14:45
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$0.850 now...up up UP

richtan 08-Oct-2009 14:43
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My advice is not to be too eager-beaver to take short profits and remember the 3rd golden mantra:

3) Cut losses short n let profit runs with trailing stops, we need to let profit runs as much as it can to cover all the losses made n yet make net gains. When we hit the cut-loss, never be emotional, be mechanical, immediately exit n never regret even if later it goes up bcos if dun cut, wat if it continues to go down, preserving ammunition to fight another day is the key. We can always re-enter if there is another buy sign candles, even if buying at a higher price

risktaker 08-Oct-2009 14:43
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Enough for today :)

freeme 08-Oct-2009 14:42
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good la.. rebound up together with HSI or SSE.. until next yr

daphnecsf ( Date: 08-Oct-2009 14:41) Posted:

CIMB-GK Securities Pte Ltd

As at 08 Oct 09

Revised TP from $0.87 to $1.14

Upgrade to Outperform from Neutral. We keep our FY11 earnings forecast

unchanged as we had earlier factored in potential contract wins for the second-phase

High Speed train contract awards. We believe that additional contracts will only be

awarded in 2010, at the earliest, which would affect EPS estimates for FY12 and

thereafter.

However, we upgrade our target price to S$1.14 as we roll over to 15x CY11 P/E from

S$0.87 (15.3x CY10 P/E). We believe that 15x P/E is a reasonable valuation for Midas.

China South Locomot and Zhuzhou CSR Times are trading at a higher 19x CY10 P/E

on average, but we will not ascribe a similar P/E to Midas as the former two companies

are train manufacturers and are higher up the value chain. China Rail Group, China Rail

Constr and China Comms Constr mainly provide construction services to the rail

industry and thus trade at the lower end of the valuation spectrum.

We upgrade Midas to Outperform from Neutral as its Rmb1.76bn metro train contract

win and execution of Rmb1.05bn worth of aluminium extrusion and fabrication contracts

won since Jun 09 have provided better earnings visibility for FY11. We see potential

catalysts from contract announcements following the award of the 7,000 High-Speed

train cars and new orders for metro train sets.

richtan 08-Oct-2009 14:42
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Patience does has its virtues.

The tortoise will eventually win the race.

daphnecsf 08-Oct-2009 14:41
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