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4901-4920 of 10484
Still hovering at 56cents. Support seems to be resilient there for today.
Luckily my other counters (CPO counters) are moving up.
In the end, it is not a bad day after all.
We shall see on 2nd August on the decision of US debt ceiling raise.
Keeping some bullets just in case the unexpected happens.
:p
Isolator ( Date: 28-Jul-2011 14:20) Posted:
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Why stock market recovered before economic is on the track to be recovering?
If the company itself is still health why mind to buy when investors overreact to a certain issues?
Why want to buy when there are so many incidences in the railway industries in china....corruptions...accidents...who knows what's the actual inside stories behind all these..?
xing78 ( Date: 28-Jul-2011 11:59) Posted:
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alexchia01 ( Date: 28-Jul-2011 12:25) Posted:
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This is not bottom fishing, this is the fish pulling you down to drown.
It's not advisable to Hold MIDAS because this is a down trending stock.
I'm only waiting for a pull back to short some more.
And there are many traders like me waiting to short.
If you want to Buy, you should focus on other uptrend stocks rather than this one.
xing78 ( Date: 28-Jul-2011 11:59) Posted:
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Not to worry. I am just holding 50 lots @ $0.60 and will buy more if price stabilize at around $0.50.
Happy bottom-fishing.
Good Luck :p
Greenbean ( Date: 28-Jul-2011 10:02) Posted:
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Really missed this bugger.
Was looking at it early afternoon yesterday and was wanting to short. Don't know why, forgot.
Only remember after market close and thought I could have a chance to short this morning.
But too late liao.
Maybe next time MIDAS. Bye....
paul1688 Posted: Thu Jul 28, 2011 10:43 am Post subject: MIDAS: Something big is brewing??
From Lim & Tan.
Just a few days after last Sat’s high speed train crash in
Wenzhou, Zhejiang province, more than 20 high speed trains were delayed due to
continued power failures between the recently opened Beijing and Shanghai line,
at least the 4th time this has happened since operations began just 2 weeks
ago. Following the recent sacking of 3 top officials from the railway ministry,
the railway minister has ordered a 2 month safety review of the railway
operations and made a public apology for the high profile accident last Sat as
well as the repeated power failures and delays in the recently opened railway
lines. Following last Sat’s accident, numerous press reports have quoted
analysts and industry experts as saying that the high growth that the railway
industry have experienced over the last few years would likely slow down
significantly going forward as export potential becomes increasingly challenged
and top officials would face increasing pressures to get their acts together.
This has been reflected in share prices of railway related stocks in China
where share price declines have averaged between 10-17% in the last 2 days
after last Sat’s accident. Most have declined close to 40% since the high
profile sacking of the topman in the railway ministry in mid Feb ’11. Midas has
similarly faced significant share price pressure, having declined 35% since
then. While share prices have already declined significantly, we do not see any
reason for investors to bottomfish as yet given the increasingly uncertain
prospects for order momentum to return anytime soon.
Isolator ( Date: 28-Jul-2011 10:12) Posted:
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