Midas- Fake Volume

Midas had a fake volume was detrimental!

stockmarketmindgames.blogspot.sg/2013/06/midas-fake-volume.html

I have added more position today at $0.485....

After market closed, Midas make announcement with another 1.26 billion contract secured.

The last announcement was one week ago with 1.1 billion contract won. Before this 420 million contract secured on 29 May...

What will be a good price to sell tomorrow?

Oh great, see how it performs tmr.

I would suggest watch first and decide later. Don't rush to cut loss as it could go up first.

For those who may hv missed this info, dated late May13...
Maybank Kim Eng: The newly formed China Railway Corporation (spun off from former Ministry of Railways) made its capital market debut with the sale of Rmb20bn bonds last Thursday. The proceeds from the bond sales will go towards rail construction, the purchase of rolling stocks and working capital. In our view, it is a necessary move to get China’s ambitious railway plans back in gear and could potentially result in more intensive investments in the second half of this year. We continue to like Midas as a major beneficiary of the investments in China railway sector. Maintain our BUY rating and target price of SGD0.75.

If you believe in the rail story for China, stay invested. Look at other big countries and you'll understand the benefits of using rail n train transportation. I believe the Central Party knows about this, reading from all those activities being carried out in China. And if you do, don't react to all those noises and the 1-2 cents movement. Otw, you're just NOT made for this game. I'm invested. Good luck.