For me, no action....
New123 ( Date: 29-Jul-2011 09:23) Posted:
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har?ohh...thanks for u advice anyway :) this is a china-stock...u CANT go wrong to $hort it on any technical rebounce leh :) I will juz take my chances....hee.. :P
GuavaXF30 ( Date: 29-Jul-2011 09:20) Posted:
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Is it a good time to enter? Or better to wait when it breakout 60.5 cents??
Isolator ( Date: 28-Jul-2011 14:42) Posted:
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Sorry bro. Think you are mega wrong with this. Yesterday was super 52 wks low. And after closing, report of mega deal. I think this is a shorter's trap. Trap to catch shorters. My advice if not vested, stay out.
nickyng ( Date: 29-Jul-2011 09:18) Posted:
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it gap up!
quite excited for a HUGE opportunity to SHORT this burger !! :P cranking my engine and awaiting patiently to $HORT at perfect price !! :P go go go! hee... :D
2009 total revenue was S$149 m. 2010 revenue was S$207 m. This contract announcement alone means that for the next 3 years, their guaranteed order books will be S$195 m per year (RMB 3.3 b x 0.1868). But they had also announced other smaller orders previously.
Looks like there is only one way to go for Midas. And that's UP...
Jimmytai ( Date: 29-Jul-2011 00:35) Posted:
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wake up early tmr see market movement time to buy in moreeee! weeeee~~~~~~~~
Maybe tomorrow, I shall add more long position on this counter.
Starting to like S-Chips having taken quite an amount of profit recently in YZJ.
Just recently also bought Sunvic and Mewah. 
Good Luck :p 
Hu JingTao just mentioned it is a technical fault for the railway signaling system and he will personally get to the bottom of this. Anyone guilty will be severely punished. 
Thanks sir, I am very bad in sourcing out for news.
zhixuen ( Date: 28-Jul-2011 21:04) Posted:
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sgx announcement lo
stockmarketmind ( Date: 28-Jul-2011 21:03) Posted:
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The downside is limited for Midas, this news could give it a uplift. Where you guys got the news?
New123 ( Date: 28-Jul-2011 20:32) Posted:
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Dun celebrate yet! This is China mkt u talking abt....They can b awarded any amt of contracts they like...and the next moment they can suspend or cancel it altogether and it will b back to sq. one ! :P
New123 ( Date: 28-Jul-2011 20:32) Posted:
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Wow ~~ such a good news.
Wahaha I have taken up a bit today at $0.56 Midas is forming descending wedge if the trendline resistance is broken then huat arrrr ~~ 
reversal is confirmed.  
This is really the good pieces of news that is bringing Light to the company share prices. All the worries will be lifted...Tmr it is going to shine...
timqoo ( Date: 28-Jul-2011 19:40) Posted:
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could be! lets watch
timqoo ( Date: 28-Jul-2011 19:40) Posted:
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Gap up tomorrow?
NEWS RELEASE
MIDAS’ JV COMPANY NANJING SR PUZHEN RAIL TRANSPORT SECURES
TWO METRO CONTRACTS TOTALLING RMB3.13 BILLION
- First contract worth RMB2.15 billion to supply 276 train cars for the
Nanjing Metro Line 3 Project
- Second contract worth RMB0.98 billion to supply 126 train cars for the
Nanjing Metro Line 10 Project
Source: NEWS RELEASE
Here's the Chart with the major support lines.
Today, $0.595 taken out, and stalls at $0.560.
We shall see if $0.560 can hold tomorrow.
I view $0.505 as the last line of defense for this counter before it goes all the way down to challenge the all time lows.   
I am ignoring all the bad news and just focusing on the chart. 
 
I think midas downside is v limited.
http://stockmarketmindgames.blogspot.com/2011/07/midas-will-it-trend-lower.html