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Midas

Price looks too attractive not to short. Sorry midas might Open short this burger tomorrow :)

 

Singapore market has show little interest in midas and similar share is trading at higher value. Thats why they wanted to go Hong Kong Market. This is actually good for midas as they are expose to new capital injection from HK side. Dual Listing mean dilution is true :)

Anyway good luck midaser. Trade with Caution.

 

tankuku      ( Date: 22-Sep-2009 14:44) Posted: Pls note that dual listing in HK mean dilution , so can we consider that as good news? To me is BAD NEWS.

 

Thanks RichTan.  Very convincing.  All indicators are positively uptrend.

richtan      ( Date: 22-Sep-2009 16:41) Posted: Below is my chart analysis for sharing and exchange pointers. My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.   If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start making unconstructive comments and plse do not be so childish or lunatic as to abuse the rating system by intentionally rating it as "bad post", this is not cursing but Buddhism beliefs tat intentional bad deeds will accumulate for yourself and possibly your next generation, "bad" karma for your "bad" deeds. If u think it is a bad post, then be constructive and kindly post your TA for sharing. This is only my view n I may be right or wrong, so dyodd and SOBAYOR.

 

Below is my chart analysis for sharing and exchange pointers.

My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.
 
If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start

making unconstructive comments and plse do not be so childish or lunatic as to abuse the

rating system by intentionally rating it as "bad post", this is not cursing but Buddhism beliefs

tat intentional bad deeds will accumulate for yourself and possibly your next generation,

"bad" karma for your "bad" deeds. If u think it is a bad post, then be constructive and kindly

post your TA for sharing. This is only my view n I may be right or wrong, so dyodd and SOBAYOR.

 

 

Below is my long-term chart analysis for sharing and exchange pointers.

My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.
 
If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start

making unconstructive comments and plse do not be so childish or lunatic as to abuse the

rating system by intentionally rating it as "bad post", this is not cursing but Buddhism beliefs

tat intentional bad deeds will accumulate for yourself and possibly your next generation,

"bad" karma for your "bad" deeds. If u think it is a bad post, then be constructive and kindly

post your TA for sharing. This is only my view n I may be right or wrong, so dyodd and SOBAYOR.

 

Just buy some, will be moving higher soon.

Best wish to these who vest

 

Today is a good day....both Midas and Genting waking up. 

Indeed, patience has its virtues.

Let's hope my train rides all the way to the IR....corny, but what can I say - it's not everyday this happens! 

 

U may be right, looking at the recommendation by some brokeragehouse such as KimEng and Ocbc, TP: $1.15.

May buy some now.

Thanks for your advice.

 

Within next week, it should be one of my favourate counter next for dual listing, I suppose. Ha. ha.. ha...

tonylim      ( Date: 22-Sep-2009 15:15) Posted: The company must have the interest of shareholders before going ahead with second listing to increase the stock value.  Moreover, it must get the approval of the authority first.  Do not panic as I believe tankuku has waited too long for the dip to pick up this stock which will not happen unless there is a major correction of the stock market. Be patient and be a winner. keepnosecrets      ( Date: 22-Sep-2009 15:02) Posted: Why dilution? Are they issuing more shares in order to get listed OR are they throwing some shares into the HK market?

 

The company must have the interest of shareholders before going ahead with second listing to increase the stock value.  Moreover, it must get the approval of the authority first.  Do not panic as I believe tankuku has waited too long for the dip to pick up this stock which will not happen unless there is a major correction of the stock market. Be patient and be a winner.

keepnosecrets      ( Date: 22-Sep-2009 15:02) Posted: Why dilution? Are they issuing more shares in order to get listed OR are they throwing some shares into the HK market?

 

Dilution because listing of share in HK. Midas had advice shareholder to exercise caution when trading in their share.

That is "Buy anD sell at your own rise"

 

Why dilution? Are they issuing more shares in order to get listed OR are they throwing some shares into the HK market?

 

So dilution cause the price to go up. Sound funny to me , no logic.

Price moving up is to the advantage of the company for second listing but not to the advantage of small/retail invester.

Good luck for these who vest.

 

From what I understand from one prominent TA, second listing in Hong Kong is one strategies to improve the stock price.  To counteract the so called "dilution", the way to go is for the price to move up now before the listing.

tankuku      ( Date: 22-Sep-2009 14:44) Posted: Pls note that dual listing in HK mean dilution , so can we consider that as good news? To me is BAD NEWS.

 

Pls note that dual listing in HK mean dilution , so can we consider that as good news?

To me is BAD NEWS.

 

 

  

tonylim      ( Date: 22-Sep-2009 14:41) Posted: Dear Tankuku, You can view it the other way round that other BBs are buying it up.  It is a positive sign.  The glass is gradually filling up. So, Mian Tankuku for this counter.  tankuku      ( Date: 22-Sep-2009 14:36) Posted: Be cautious heavy sell down by BB. 14:31:56 0.895 718,000 Sold to Buyer 14:31:54 0.895 100,000 Sold to Buyer 14:31:53 0.895 20,000 Sold to Buyer

 

Dear Tankuku,

You can view it the other way round that other BBs are buying it up.  It is a positive sign.  The glass is gradually filling up.

So, Mian Tankuku for this counter. 

tankuku      ( Date: 22-Sep-2009 14:36) Posted: Be cautious heavy sell down by BB. 14:31:56 0.895 718,000 Sold to Buyer 14:31:54 0.895 100,000 Sold to Buyer 14:31:53 0.895 20,000 Sold to Buyer

 

Be cautious heavy sell down by BB.

14:31:56	0.895	718,000	Sold to Buyer
14:31:54	0.895	100,000	Sold to Buyer
14:31:53	0.895	20,000	Sold to Buyer

 

 

With the impending second listing in Hong Kong Stock Exchange, the timing is such that more contracts will be announced soon and the price will only have to move upwards to justify for a higher IPO offer price.  Agreed that moving above $1 is anytime soon, and the downside is very slim.  So for those who still want wait, you will miss the boat again.

Bintang      ( Date: 22-Sep-2009 13:49) Posted: Finally Midas broke -out of the weekly rectangular box formation with hugh volume this morning , so this may confirmed the completion of the sideway trend . There are many sellers n short -sellers at this point , but it would not stop the growing trend if the volume keep on increasing . Once its  RSI goes into the over-bought territory , the upward trend would be more sustainable , n the upside target over $1.00 could achieved easily . Bintang      ( Date: 17-Sep-2009 20:51) Posted: Looking at Midas weekly chart , it formed a flat top formation since end of July 09 , n fluctuating from 81 cents to 90.5 cents for 8 weeks already . It is not likely to fall below this rectangular box formation , because the share price is now going  beyond the 10MA weekly , volume is decreasing gradually ,so it is very important that when share price breaks the resistance at 90.5 cents with huge volume , then the uptrend could be confirmed immediately , otherwise this sideway trend would continue again in the coming weeks . One very important indicator to show Midas is going into the uptrnd movement  is the  ADX has risen n cut the -DMI from below recently .

 

Finally Midas broke -out of the weekly rectangular box formation with hugh volume this morning , so this may confirmed the completion of the sideway trend . There are many sellers n short -sellers at this point , but it would not stop the growing trend if the volume keep on increasing . Once its  RSI goes into the over-bought territory , the upward trend would be more sustainable , n the upside target over $1.00 could achieved easily .

Bintang      ( Date: 17-Sep-2009 20:51) Posted: Looking at Midas weekly chart , it formed a flat top formation since end of July 09 , n fluctuating from 81 cents to 90.5 cents for 8 weeks already . It is not likely to fall below this rectangular box formation , because the share price is now going  beyond the 10MA weekly , volume is decreasing gradually ,so it is very important that when share price breaks the resistance at 90.5 cents with huge volume , then the uptrend could be confirmed immediately , otherwise this sideway trend would continue again in the coming weeks . One very important indicator to show Midas is going into the uptrnd movement  is the  ADX has risen n cut the -DMI from below recently .