MIDAS

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10 years 3 months ago #20701 by potatolover
Replied by potatolover on topic MIDAS
is this S chip?

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10 years 3 months ago #20702 by sykn
Replied by sykn on topic MIDAS
That depends what is your criteria for an S-chip and how you would treat it differently from a local business. The last time I said Straco was in a sense an S-chip, a few forumers strongly disagreed!

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10 years 3 months ago #20739 by Rich
Replied by Rich on topic MIDAS
Oversold and correction seems over. Safe to go in now @ 40 cents? Itching to buy on negative sentiment.

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10 years 2 months ago #20789 by FairPerson
Replied by FairPerson on topic MIDAS
While many people think that 38 - 39 cents could be support and share price rebounding soon, BB might might try to "catch" them.

Looking at last two weeks trading pattern, likely to go below 38 cents soon. TRADE WITH CARE!

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10 years 2 months ago #20812 by FairPerson
Replied by FairPerson on topic MIDAS
On Friday 05 Sept 14:

Total volume traded: 3,541 lots.

Short sell volume: 1,599 lots.

About 45% of the trade done are by short-sellers.

Looks like no BBs are collecting, buyers could be doing short-covering (those who have shorted at higher prices) and sellers are shortists. Looking at the trading pattern, it is difficult for share price to turn around, Probably will hit 38 cents again in less than two weeks and go below 38 cents.

Price will only see chance to turn around if the short-sell volume falls to below 20% for some time, or very positive news, or share price hit 30 cents.

Just my guess. Trade at your own risk.

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10 years 2 months ago #20831 by FairPerson
Replied by FairPerson on topic MIDAS
In less than a week, today hit 38 cents but closed at 38.5 cents. Looks like my guess should be correct, going to go below 38 cents in no time.

FairPerson wrote: On Friday 05 Sept 14:

Total volume traded: 3,541 lots.

Short sell volume: 1,599 lots.

About 45% of the trade done are by short-sellers.

Looks like no BBs are collecting, buyers could be doing short-covering (those who have shorted at higher prices) and sellers are shortists. Looking at the trading pattern, it is difficult for share price to turn around, Probably will hit 38 cents again in less than two weeks and go below 38 cents.

Price will only see chance to turn around if the short-sell volume falls to below 20% for some time, or very positive news, or share price hit 30 cents.

Just my guess. Trade at your own risk.

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