Midas    Last:0.192   -

Midas

Unless " they" or " someone" benefitting from the southern excursion. Look at Olam, the CEO stand up and clarify...now everyone is happy. That is how a responsible CEO should do. This not anymore rumours but an open secret where Midas is a direct supplier of raw material for China ambitous train project... Midas is not a broker but a direct supplier.  But again, as long as the train project still intact and Midas being a direct player. it will One day whine unless they supply the melamine coated with Alluminium coating hahaha

Jimmytai      ( Date: 28-Feb-2011 14:26) Posted: ya i understand. i bought midas on a high on 1.02. And yes it dropped 30%. If i was midas like china, devaluing its own yuan to keep themselves competitive. i would feel midas is doing that too. allowing big investment firms to come in for a share of this midas pie. why not? whats the point of explaining so clear about the allegations? isn't this like rumors on tabloids? it fades away over time and confidence is re-instilled. so whats the hurry to push prices back? if something is good, it will shine, but like all things, it takes time. even though i would want midas to rocket its prices sky high for me to make a profit, at a managements point of view there is not a need to do so. Just my opinion~ Joe2020      ( Date: 28-Feb-2011 14:12) Posted: Jim, We are not talking about writing normal statement. This involved Million of $$$. Imagive dropping almost 30% and many investors were caught off guard. A strong statement identifying Midas position as Non Involvement must be clearly stated without ambiguity

 

When have doubts, I close all my position...

 

ya i understand. i bought midas on a high on 1.02. And yes it dropped 30%.

If i was midas like china, devaluing its own yuan to keep themselves competitive. i would feel midas is doing that too. allowing big investment firms to come in for a share of this midas pie. why not? whats the point of explaining so clear about the allegations? isn't this like rumors on tabloids? it fades away over time and confidence is re-instilled. so whats the hurry to push prices back? if something is good, it will shine, but like all things, it takes time.

even though i would want midas to rocket its prices sky high for me to make a profit, at a managements point of view there is not a need to do so.

Just my opinion~

Joe2020      ( Date: 28-Feb-2011 14:12) Posted: Jim, We are not talking about writing normal statement. This involved Million of $$$. Imagive dropping almost 30% and many investors were caught off guard. A strong statement identifying Midas position as Non Involvement must be clearly stated without ambiguity. Jimmytai      ( Date: 28-Feb-2011 09:15) Posted: actually i think the statement they published is pretty decent. By not saying anything about the situation is acting blur, by saying too much will make the situation worst. Offering investor the fact that they know what is going on and they have nothing to do with the scandals is key. the rest is up to the market to decide i feel. hope you are able to bring them to the basement today!

 

Jim,

We are not talking about writing normal statement. This involved Million of $$$. Imagive dropping almost 30% and many investors were caught off guard. A strong statement identifying Midas position as Non Involvement must be clearly stated without ambiguity.

Jimmytai      ( Date: 28-Feb-2011 09:15) Posted: actually i think the statement they published is pretty decent. By not saying anything about the situation is acting blur, by saying too much will make the situation worst. Offering investor the fact that they know what is going on and they have nothing to do with the scandals is key. the rest is up to the market to decide i feel. hope you are able to bring them to the basement today! Joe2020      ( Date: 28-Feb-2011 09:08) Posted: Midas Quote" The Company is not aware of any developments that will impact the business operations of its Aluminium Alloy Division arising from the recent personnel changes in the PRC Ministry of Railway. " Unquote This kind of of statement is not helping. Acting Blurrr and ambiguous will only make investors dumping the shares today....I will bring it to the pit today...Bye Bye Midas See You at the basement!!

 

damn scare chinese company acting blur. somehow, maybe they do not know how to answer and what level of prosectution the communist party are going to undertake. just catch the head and warn the supplier or have them all prosecuted.

 

 

Yes I think Salute is right..the are still doing this in the office

 

 

this is very chinese management, the don't analyse for you or be clearer in future development, the direction and don't ask then in %, they would become loss.

Jimmytai      ( Date: 28-Feb-2011 09:15) Posted: actually i think the statement they published is pretty decent. By not saying anything about the situation is acting blur, by saying too much will make the situation worst. Offering investor the fact that they know what is going on and they have nothing to do with the scandals is key. the rest is up to the market to decide i feel. hope you are able to bring them to the basement today! Joe2020      ( Date: 28-Feb-2011 09:08) Posted: Midas Quote" The Company is not aware of any developments that will impact the business operations of its Aluminium Alloy Division arising from the recent personnel changes in the PRC Ministry of Railway. " Unquote This kind of of statement is not helping. Acting Blurrr and ambiguous will only make investors dumping the shares today....I will bring it to the pit today...Bye Bye Midas See You at the basement!!

 

actually i think the statement they published is pretty decent. By not saying anything about the situation is acting blur, by saying too much will make the situation worst. Offering investor the fact that they know what is going on and they have nothing to do with the scandals is key. the rest is up to the market to decide i feel.

hope you are able to bring them to the basement today!

Joe2020      ( Date: 28-Feb-2011 09:08) Posted: Midas Quote" The Company is not aware of any developments that will impact the business operations of its Aluminium Alloy Division arising from the recent personnel changes in the PRC Ministry of Railway. " Unquote This kind of of statement is not helping. Acting Blurrr and ambiguous will only make investors dumping the shares today....I will bring it to the pit today...Bye Bye Midas See You at the basement!!

 

Midas Quote" The Company is not aware of any developments that will impact the business operations of its Aluminium Alloy Division arising from the recent personnel changes in the PRC Ministry of Railway. " Unquote

This kind of of statement is not helping. Acting Blurrr and ambiguous will only make investors dumping the shares today....I will bring it to the pit today...Bye Bye Midas See You at the basement!!

 

True and False then!

iPunter      ( Date: 27-Feb-2011 12:49) Posted: Our 'duty' is only to be prepared for being wrong, be it up or down...     Being right or wrong does not matter at all...       and no one knows who is going to be right..                     It is all a bet... .   Hulumas      ( Date: 27-Feb-2011 12:39) Posted: False!

 

Yalor......need to monitor the market reaction for the next few days.........

GuavaXF30      ( Date: 27-Feb-2011 12:10) Posted: Next few weeks, STAY AWAY from any China counters. After Hongxing and Hongwei suspension, who's next ? Andrew      ( Date: 27-Feb-2011 10:40) Posted: Thanks for your effort !!!!

 

It is the FS and the whole bunch of pple here.......Huat Ah!!!

iPunter      ( Date: 26-Feb-2011 11:53) Posted: Re Andrew.. [" ... Wanted to buy again at 91, 86, 81.5, 76.5, 73, 72, 74.5.......but always ending with second thought..." ] You are so lucky CaishenYe is always helping you...             preventing you from buying at the wrong time... GuavaXF30      ( Date: 26-Feb-2011 11:45) Posted: Unfortunately, div pretty mediocre.  0.5 cents this time, earlier was another 0.5 cents. That makes it 1 cent for this year from a capital investment of 0.90-1.06 (depending on when you went in) to earn the full 1 cent div. And now, for  the counter to drop to 0.75 c ?  Say  average bought price of 0.98 to earn 0.01 dividend. Dunno man. Current capital loss of 0.23 cts capital (ave price of 0.98 less current 0.75) to earn 0.1 is not good investment

 

TA worked !

Hulumas      ( Date: 15-Feb-2011 18:22) Posted: Midas is a controled share. . . TA won't work ! Bintang      ( Date: 15-Feb-2011 18:17) Posted: Midas fell heavily today by gapping down at the openning . RSI is over sold n ADX is rising while DIs are negatively placed . Furthermore , the dead cross has formed n  the downside target may reach

 

Our 'duty' is only to be prepared for being wrong, be it up or down...

    Being right or wrong does not matter at all...

      and no one knows who is going to be right..

                    It is all a bet... .  

Hulumas      ( Date: 27-Feb-2011 12:39) Posted: False! Bintang      ( Date: 27-Feb-2011 10:07) Posted: Since Midas has been falling sharply after the dead cross formed last month , any rebounce is a selling opportunity . Furthermore, if it is forming a rising wedge in this downtrend , then breaking the formation may go down again

 

False!

Bintang      ( Date: 27-Feb-2011 10:07) Posted: Since Midas has been falling sharply after the dead cross formed last month , any rebounce is a selling opportunity . Furthermore, if it is forming a rising wedge in this downtrend , then breaking the formation may go down again . Bintang      ( Date: 23-Feb-2011 09:14) Posted: Midas has reached the short term down side at 72 cents today

 

short????!!!!!!

 

Next few weeks, STAY AWAY from any China counters. After Hongxing and Hongwei suspension, who's next ?

Andrew      ( Date: 27-Feb-2011 10:40) Posted: Thanks for your effort !!!! Bintang      ( Date: 27-Feb-2011 10:07) Posted: Since Midas has been falling sharply after the dead cross formed last month , any rebounce is a selling opportunity . Furthermore, if it is forming a rising wedge in this downtrend , then breaking the formation may go down again

 

Thanks for your effort !!!!

Bintang      ( Date: 27-Feb-2011 10:07) Posted: Since Midas has been falling sharply after the dead cross formed last month , any rebounce is a selling opportunity . Furthermore, if it is forming a rising wedge in this downtrend , then breaking the formation may go down again . Bintang      ( Date: 23-Feb-2011 09:14) Posted: Midas has reached the short term down side at 72 cents today

 

Since Midas has been falling sharply after the dead cross formed last month , any rebounce is a selling opportunity . Furthermore, if it is forming a rising wedge in this downtrend , then breaking the formation may go down again .

Bintang      ( Date: 23-Feb-2011 09:14) Posted: Midas has reached the short term down side at 72 cents today . Bintang      ( Date: 22-Feb-2011 18:55) Posted: Midas formed a hammer recently , but unfortunately it turned into a hanging man . Because it did not rebound after the formation formed .It fell again heavily after breaking the support at 81.5 cents .Since the daily RSI  is at over-sold position  , it would continue the down trend to 72 cents or may fill the gap at 67 cents

 

Re Andrew..

[" ... Wanted to buy again at 91, 86, 81.5, 76.5, 73, 72, 74.5.......but always ending with second thought..." ]

You are so lucky CaishenYe is always helping you...

            preventing you from buying at the wrong time...

GuavaXF30      ( Date: 26-Feb-2011 11:45) Posted: Unfortunately, div pretty mediocre.  0.5 cents this time, earlier was another 0.5 cents. That makes it 1 cent for this year from a capital investment of 0.90-1.06 (depending on when you went in) to earn the full 1 cent div. And now, for  the counter to drop to 0.75 c ?  Say  average bought price of 0.98 to earn 0.01 dividend. Dunno man. Current capital loss of 0.23 cts capital (ave price of 0.98 less current 0.75) to earn 0.1 is not good investment. Andrew      ( Date: 26-Feb-2011 00:32) Posted: Play Can......Invest No. Anyway, never loose money with MIDAS and never managed to wait long enough to collect the DIV. I feel that the result is still so so for a 700M company. Wanted to buy again at 91, 86, 81.5, 76.5, 73, 72, 74.5.......but always ending with second thought.....