Friday, December 8, 2017

Midas - More Liquidation, Full Coverage





As I continued to watch Midas, I am more convinced that what I shared on my blog post yesterday regarding the liquidation in Midas became a reality. Read my blog post below.

http://stockmarketmindgames.blogspot.sg/2017/12/midas-high-volume-sell-down.html

Today is another day where the stock suffered more causalities as it reached a low of 0.089 as if now. I remembered the first time I posted not to buy Midas for investment was when it was trading at 0.21 one month back. See my accurate forward prescient write up below.

http://stockmarketmindgames.blogspot.sg/2017/11/midas-posted-66-increased-in-3q-earnings.html

http://stockmarketmindgames.blogspot.sg/2017/11/midas-drifting-away-from-021.html

http://stockmarketmindgames.blogspot.sg/2017/11/midas-massive-selling.html



Back then, I was already making forecasting and was able to see way ahead of today's sell down price. My experience in trading and investment taught me many lessons where I will not forget so as to save me from buying junk stocks and store in my CDP. I learnt that to win the game, one must be buying growth stock and not something where the growth has already ended. Midas is currently in the Top 1 in the Top Volume with price declining even further where the bleeding wouldn't stop. From morning till now, it has already down 19.1% in 1 hour!! Be careful if you are holding on to this counter! I am having full coverage on this counter as I want to know whats going on inside the company.

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