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If the support at 81 cents did not penetrate for two days in a row , it is known as invalid break down , so the chances to go up is more than that to come down .
richtan ( Date: 07-Oct-2009 09:53) Posted:
From OCBC Investment Research:
Market Pulse
Midas and Tat Hong look interesting at current levels.
Stocks offering exposure to infrastructural play in the region will continue to outperform as we have seen
still healthy investments into building up infrastructures in the region.
We believe that present market weakness will be an opportune time to accumulate these stocks.
In this space, we continue to like Midas [BUY, fair value estimate of S$1.05 versus current price of $0.81]
and Tat Hong [BUY, fair value of S$1.15 and current price of $0.99].
Midas has taken a big hit, down 14.7% from the recent high of S$0.905 when it announced a possible listing
in Hong Kong to a recent low of S$0.785. At current levels, and with a large backlog, we continue to re-iterate
our BUY rating for the stock.
Tat Hong is also poised to be another beneficiary of the infrastructural spending in China and India.
We expect the company to see better earnings ahead, supported by contributions from both countries. Refer
to our Tat Hong full report today for more details. The stock has also fallen 13.5% from recent high of $1.11
to a recent low of 96 cents. At current level, we are upgrading the stock to a BUY. |
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From OCBC Investment Research:
Market Pulse
Midas and Tat Hong look interesting at current levels.
Stocks offering exposure to infrastructural play in the region will continue to outperform as we have seen
still healthy investments into building up infrastructures in the region.
We believe that present market weakness will be an opportune time to accumulate these stocks.
In this space, we continue to like Midas [BUY, fair value estimate of S$1.05 versus current price of $0.81]
and Tat Hong [BUY, fair value of S$1.15 and current price of $0.99].
Midas has taken a big hit, down 14.7% from the recent high of S$0.905 when it announced a possible listing
in Hong Kong to a recent low of S$0.785. At current levels, and with a large backlog, we continue to re-iterate
our BUY rating for the stock.
Tat Hong is also poised to be another beneficiary of the infrastructural spending in China and India.
We expect the company to see better earnings ahead, supported by contributions from both countries. Refer
to our Tat Hong full report today for more details. The stock has also fallen 13.5% from recent high of $1.11
to a recent low of 96 cents. At current level, we are upgrading the stock to a BUY.
I think no strict rules on free float of shares. What is more important is the value of the shares. I think most big guns look at least at the future growth of the company. They already have so much money, the immediate has no impact on the finances, so the future growth is more important. I heard they made their weath from investing in relatively unknown stocks that eventually showed big potentials and growth, multiplying the value of their shareholdings not in terms of quantity but in worth (quality). If you invested in just 2000 shares in Google when it was below US$30 per share, many many years back, you would have reaped more than US$1.8 million when the shares peaked around US$900 or more with splits, dividends and bonuses. There are also many examples of unknown shares risen thousands of times their original value so that is why we have so many super duper rich people in US who made it from Wall St.
risktaker ( Date: 07-Oct-2009 09:27) Posted:
Genting is one :) Midas never ever
aircraft ( Date: 07-Oct-2009 08:27) Posted:
Hi all seniors,
anyone know how much floating shares a counter needs to have then considered as 'so call' able to attract big investors like warren buffett ? thanks.
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Genting is one :) Midas never ever
aircraft ( Date: 07-Oct-2009 08:27) Posted:
Hi all seniors,
anyone know how much floating shares a counter needs to have then considered as 'so call' able to attract big investors like warren buffett ? thanks.
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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.
Hi all seniors,
anyone know how much floating shares a counter needs to have then considered as 'so call' able to attract big investors like warren buffett ? thanks.
Read this posting in CNA forum, copy n paste here just for sharing:
sessam
Joined: 31 Aug 2006
Posts: 3042
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 Posted: Tue Oct 06, 2009 5:34 pm Post subject: |
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| Midas do not respond to good or bad news like others. It is a long term big fund stock not for short term trading. Go to her past movements she may go down after anouncements of contracts, but also note Midas has a characteristic of being depressed under accumulations and suddenly running up 5% to10% unexpectedly. This is a growth counter not for the gambling, see it as serious investment. If you had dared to buy Midas in Mar 09 you would have more than doubled even at the depressed price now. If Midas is now $2 with a bigger float she will attract the like of Warren Buffett. |
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ya since zhuoyu gone, now can whack liao.. if tml open like what it close today. I also wan to whack another 50lots
bennykusman ( Date: 06-Oct-2009 18:10) Posted:
im in tomorrow... wait for me midas...
freeme ( Date: 06-Oct-2009 17:45) Posted:
| tks ya zhuoyu.. go play with others. This counter im in liao.. give some face.. hah |
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im in tomorrow... wait for me midas...
freeme ( Date: 06-Oct-2009 17:45) Posted:
tks ya zhuoyu.. go play with others. This counter im in liao.. give some face.. haha
risktaker ( Date: 06-Oct-2009 17:32) Posted:
| zhou yu cunning leh ... I say 0.75 i will enter then he push it so high :( ok la Zhou yu.... midas is yours for now
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tks ya zhuoyu.. go play with others. This counter im in liao.. give some face.. haha
risktaker ( Date: 06-Oct-2009 17:32) Posted:
| zhou yu cunning leh ... I say 0.75 i will enter then he push it so high :( ok la Zhou yu.... midas is yours for now
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zhou yu cunning leh ... I say 0.75 i will enter then he push it so high :( ok la Zhou yu.... midas is yours for now
haha so when will zhuoyu stop playing ard here?
risktaker ( Date: 06-Oct-2009 16:34) Posted:
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yawn
If you check the counter party who sold to you, they could be the ones who are calling 'please buy more from me". Hehehe.
WeiQiQi ( Date: 06-Oct-2009 12:53) Posted:
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They are all 12 months (down the road) TP... not today nor tomorrow. So you can only tell them that they are wrong the day comes. But you can be sure that there will adjustment along the way as fundamental changes e.g. a bad quarter, a cancelled order etc etc.
Don't read too much into TP.
Jackpot2010 ( Date: 06-Oct-2009 12:47) Posted:
It seems every buy calls were wrong! It's unbelievable.
Kim Eng (22 Sep) TP $1.15
OCBC (17 Sep) TP $1.05
DBSV (17 Aug) TP $1.10
DMG (10 Jul) TP $1.04 |
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They are all 12 months (down the road) TP... not today nor tomorrow. So you can only tell them that they are wrong the day comes. But you can be sure that there will adjustment along the way as fundamental changes e.g. a bad quarter, a cancelled order etc etc.
Don't read too much into TP.
Jackpot2010 ( Date: 06-Oct-2009 12:47) Posted:
It seems every buy calls were wrong! It's unbelievable.
Kim Eng (22 Sep) TP $1.15
OCBC (17 Sep) TP $1.05
DBSV (17 Aug) TP $1.10
DMG (10 Jul) TP $1.04 |
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It seems every buy calls were wrong! It's unbelievable.
Kim Eng (22 Sep) TP $1.15
OCBC (17 Sep) TP $1.05
DBSV (17 Aug) TP $1.10
DMG (10 Jul) TP $1.04
The gap down is not just peculiar to MIdas, noticed there are also gap down in STI n many other counters on tat day.
richtan ( Date: 06-Oct-2009 09:40) Posted:
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Yup, I too agree with u tat the fall is in line with the overall mkt weakness.
I, too think is good time to add b4 it runs up.
I believe the gap is not a runaway gap n will be covered during the run-up, there should be no cause to be unduly worried n no cause for concern, this is just my view, so dyodd n BOSAYORThe g |
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Yup, I too agree with u tat the fall is in line with the overall mkt weakness.
I, too think is good time to add b4 it runs up.
I believe the gap is not a runaway gap n will be covered during the run-up, there should be no cause to be unduly worried n no cause for concern, this is just my view, so dyodd n BOSAYORThe ga
freeme ( Date: 06-Oct-2009 07:21) Posted:
yes it gap dw. 50MA line becomes the resistance at 0.85. But the fall is inline with the overall mkt weakness. Personally i tink is good time to add b4 it runs up.
lookcc ( Date: 05-Oct-2009 22:39) Posted:
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yes it gap dw. 50MA line becomes the resistance at 0.85. But the fall is inline with the overall mkt weakness. Personally i tink is good time to add b4 it runs up.
lookcc ( Date: 05-Oct-2009 22:39) Posted:
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