MIDAS

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27 Jun 2014 03:25 - 27 Jun 2014 12:16 #20249 by FairPerson
MIDAS was created by FairPerson
www.sgx.com/wps/wcm/connect/sgx_en/home/...hortSell20140626.txt

Today short sell volume: 2,868,000

Shortists at work. Today hit 43.5 cents low again.

5,964,000 lots done 44 cents.

Looks like will go down further.
Last edit: 27 Jun 2014 12:16 by niadmin.

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27 Jun 2014 15:56 #20251 by FairPerson
Replied by FairPerson on topic MIDAS
Might break recent low 43.5 cents soon.

Think might only reverse down trend near end July before August 2Q result release.

Will monitor closely and look for trading opportunity.

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03 Jul 2014 18:28 #20287 by FairPerson
Replied by FairPerson on topic MIDAS
Shortists have successfully holding the price at 43.5 44 cents for quite a number of trading days already. Think should go down to 43 43.5 cents soon.

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03 Jul 2014 19:28 #20288 by FaceTheFact
Replied by FaceTheFact on topic MIDAS
Looking at the market depth, one would need to short sell 11 mil shares just to move the stock down 1.5 cts and that would cost that person/s abt $5.2 mil. Considering commission, stock borrowing cost and other fees at a conservative of 10%, it would already be 4.35 cts cost (taking the strike price as 43.5 cts). Can someone enlighten on the rational behind their short action and the expected bottom? Also, it is expected to attract an even stronger support below 42.5 to 40 cts. To make it harder, the company may declare better performance this quarter/year as more contracts were secured and they have bottomed out since, One may need to refer to reports in the last 2 quaters to see this trend.

Anyway, this is just an observation. Pse DYOD. Regards

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04 Jul 2014 01:09 #20295 by FairPerson
Replied by FairPerson on topic MIDAS
If you look at the short sell volume, you will find that not all the shares are sold by shortists (even on those days when share price drop with high volume). You cannot just calculate base on market depth. Shortists have ways to "force" other traders to sell their shares. Shortists are very patient and they have their ways to do it. Will share more when I have the time.

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04 Jul 2014 23:32 #20302 by FairPerson
Replied by FairPerson on topic MIDAS
www.sgx.com/wps/wcm/connect/sgx_en/home/...hortSell20140704.txt

Today's short sell volume: 796 lots.

If you look at today's trade summary:

2,004 lots done at 43.5 cents and only 214 lots done at 44 cents. So it is clear that shortists shorted some to hold down the price at 43.5 cents 44 cents and there are some other people (victims of shortists) being "force" to sell their shares at 43.5 cents.

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