I bought 20 lots of midas at 41.5 cts on 15th feb on tat breakout day.
I had oredi fully-paid up these 20 lots.
If I Hold my midas for 1 year till cny 2013,
1)do u guys think midas is likely to be much higher than current 38 cts price?
2)Or u guys think should cut loss my lots now?
3)Or do u pple think I should not only NOT cut loss but perhaps should buy more to average down?
I dont have any broker to ask. I trade totally online. I just started buying stocks only not long ago.
A little bit of my finances profile, My bank account that is GIRO-linked to my trading account is now left exactly $59,360 in cash and I also have another FD totalling about $28,000.
with your that amount cash now ... accumulate bit by bit .. suggest can buy another 10-20 lots if drop below 35c ... another 10-20 lots if around 31c ( but this price quite impossible unless whole market crash to 2600 again ) .. MIDAS is in high growth industry . Railways and Metro lines . Railway transportation has been around for over a 120 years i believe .. and it has never stop growing or evolving I say stick to it and BUY
1st)In yr view, if hold till CNY2013, u think midas is likely to be at roughly what price range?
2nd query)Someone pmed me in CNA forum that the all-time low for midas is 25 cts, can u tell me which year and month did Midas hit 25 cts? Becos I saw from chart even that March 2009 Midas lowest closing price is 33 cts
3rd) what do u think are the chances of midas getting suspended due to accounting problems in future?(Since midas is an S-chip and some people may have this worry)
4th) from yr TA view , do u think midas is likely to drop to 34-35 cts in the immediate short-term?
1) If market condition stays stable till 2013 , i hope midas will be at least a dollar . Reason is record revenues expected in next few years .
2) Midas long time ago after it was listed , around 2004 it was trading at i think about 20-30cents . But that is history already .
3)Midas was incorporated since year 2000 until now ... 12 years of operation . It is never a real S-chip as the CEO is a singaporean and company's main business/operation comes from China only ... Chances of suspension almost NIL . Do you know who sits on their board of director ? It includes MP of parliament - Mr Chan Soo sen - MP for Joo Chiat constituency .
4) TA wise i can't be too sure . But at 35c or below . Please do grab more shares
