Midas    Last:0.192   -

Midas

Joe, the drop is due to you and your gang shorting at open again? Seems that you may be able to make  dream come true at 0.69 today....

 

This one " Or bak ka" , na bei ! Drops and drops !!!

 

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 . Bintang      ( Date: 16-Feb-2011 11:09) Posted: Midas would go down to 72 cents if measuring   from the triangle which it broke out from , but this would happen after the rebounce

 

Today I and my gang short at open and managed to short at 0.805 but what surprised me was, I fell asleep only to wake up around 4.25pm...quickly cover my short position at 0.76 hmmmm....enuf for a 2 weeks expenses. Yesterday short Olam today Midas,,,,,i think tomorrow short again,,,so that so of our friends here can live their dreams to buy at 0.69 or 0.7....for those who have pm me and wanted to buy at 0.65...i cannot guarantee but 0.7 i think still achievable by this week..

 

Thanks!!!

Quite tally with the Q depth.

0.755	124,000	65,000	0.760
0.750	942,000	205,000	0.765
0.745	274,000	442,000	0.770
0.740	53,000	193,000	0.775
0.735	66,000	311,000	0.780
0.730	103,000	219,000	0.785
0.720	90,000	284,000	0.790
0.715	28,000	241,000	0.795
--	--	644,000	0.800

Has been that bad recently. Was very tempted at 81......


 

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 . Bintang      ( Date: 16-Feb-2011 11:09) Posted: Midas would go down to 72 cents if measuring   from the triangle which it broke out from , but this would happen after the rebounce

 

Maybe should take a hold and see attitude now...don't average so early? Bintang, what is your take on the technical rebound postion before it heads down?

 

MIDAS is a downtrending stock that has form 3 lower highs. it closed the trading day today with a big black marabozu candlestick, to show it's bearishness.

MIDAS could potentially trade lower to test its next level of support at 0.71.

http://sgsharemarket.com/home/2011/02/midas-broke-major-support-downtrending/

 

 

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 .

Bintang      ( Date: 16-Feb-2011 11:09) Posted: Midas would go down to 72 cents if measuring   from the triangle which it broke out from , but this would happen after the rebounce . Bintang      ( Date: 16-Feb-2011 11:02) Posted: It may to have a technical rebounce before going down further

 

Ya... really crash.. how?  average some more?????

 

755.........how low can it get......any chartist to comment ?

 

internal insider havent sold yet..meaning its really bad sentiment only... i will load some more in next few days...

 

So scary now!

 

76 !!! Wow....any taker ?  My FS master said cannot play stock this month.............

 

Wish you good luck. Let's  the shortie  push up the price for you...

 

Do as you wish I have no right to stop or interfere whatever you do in yourown investment. I can understand your position!

Isolator      ( Date: 22-Feb-2011 15:57) Posted: When I  have doubt I need to close position... Preserve strength... I maybe wrong doing so, but I need to do it...

 

Walau, STI rebound liao, this fellow still no movement !!!!!! Why u so like that ???

 

When I  have doubt I need to close position... Preserve strength... I maybe wrong doing so, but I need to do it...

 

Totally clear statement !

Isolator      ( Date: 22-Feb-2011 15:47) Posted: Shortie will be covering back.... There maybe a trend change soon in Asia...

 

Clear statement !

knightrider      ( Date: 22-Feb-2011 15:50) Posted: Really got bad news is it, this is at its bottom liao, should be rebound from here !!!!

 

Blurry statement !

Isolator      ( Date: 22-Feb-2011 15:39) Posted: Cut.... reach the calculate risk limit... Something maybe wrong...