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Hahahaha This is one cheat counter that are well decorated with news that never take off.
Midas soared to 1 dollar is due to dual listing at Hong Kong to come back to this price would need a very bullish in STI market.
Jimmytai ( Date: 19-Jul-2011 00:11) Posted:
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Very good and sound advice. Some will take note of it. Some don't.
Real situation... I bought Yangzijiang at S$1.88, It dropped to S$1.63. I sold off. Today it is at S$1.235. If I had held on to it until today and do not cut loss I would have lost S$0.645 more per share. I cut loss at S$0.63 I lost S$0.25 per share. I reduced my damage by S$0.395 per share if I had held on until today. My initial loss was S$12,500. If I had held on until today my loss would be S$12,500 + S$19,750.
Given the current market volatility, no point holding long term even if you are a long term investor and not a trader.
There are a lot of masters here that are willing to give good advice, it is up to us to take it.
Our purpose is always to make money. In times of uncertainty park it elsewhere.
as a trader, we cut loss is to minimize future damage and keeping our money well for coming trades and fight to win back the money. Always understand what's ur stop loss....
i always mention... Winning has no ceiling, but losing, we have the limit and that is the money in our bank.
Jimmytai ( Date: 19-Jul-2011 01:35) Posted:
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cos i did my research on midas and its a good stock to invest in..so im looking at the long term gains of this stock..i will buy in to average out..but still would want to keep midas..but anyway..i dont need those money that i use for investment..so just keep in stocks lor..see what happens..
How come you so funny one?
Already know the price is going to fall further, die, die still want to hold.
Why not sell now and Buy back later at lower price?
$1.00!!! My goodness.
Do you know that once MIDAS breaks the $0.60 support, it's going to fall all the way to $0.420?
What happen if MIDAS don't recover to $1.00 again?
Never assume that because MIDAS has reach $1.00 before, it would reach $1.00 again.
Anyway, it's your money, you decide what you want to do with them.
my holdings are at the 1 dollar mark..i think need to hold on to midas for maybe a yr or 2 to recover to 1 dollar..haii..volatile times..
Don't worry too much. let the mkt dictates what will be the next move. I think the Company directors will start to buy up when it is approaching 60 cents. This counter will be announcing 2nd qtr result soon. Think should be good + CD... More contracts is coming soon...
Bintang ( Date: 17-Jul-2011 10:50) Posted:
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Midas formed a bearish rising wedge after testing new low at 60 cents on 20/06/2011 , unfortunately it gapped down breaking the formation on 12/07/2011 . It could only rebound to fill this gap if there is a rebounce . The further downside target would be 54.5 cents if it penetrates 60 cents 's support .
Bintang ( Date: 09-Jul-2011 14:46) Posted:
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bye bye.. Midas will follow NOL & YZJ
It can be very much lower.....
BYE BYE Midas.....
WAIT FOR YOU AT 58Cents.....
one has to stand outside the box and see those analysts, they were paid monthly and they have to dig something to write. They saw a nos. of cows on the lawn and see the accounting report and just analysts/calculate from there. Were the cows good one. First, they are not expert to tell, second, they don't have right to do indepth questioning about the accounts. ..........eg. the milk(melt) counter.
if today fall until 0.625 , i am going to short Midas le....> <
from what i see its a across the board down time..would buy more to average out! 2H would be a good run!
Yah man..i got mine at 68cents...faint..
Play out by analyst report. Never trust them. 
Confirmed GAME OVER
BACK TO 58Cents......SOON
We can start singing Jay Sean - Down
ruanlai ( Date: 13-Jul-2011 09:29) Posted:
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Fall below 65cents
GAME OVER