Tuesday, April 8, 2014

Midas - Bullet Train




Midas is like bullet train! It continues to trend higher despite the Dow dropped -160 points last night. Apparently they won a contract.

http://stockmarketmindgames.blogspot.sg/2014/04/midas-midas-touch.html

Midas: Secures Contracts For High-Speed Train Car Body Components Worth RMB318 Million.

07 Apr 2014 17:47
Midas Holdings Limited's subsidiary, Jilin Midas Aluminium Industries Co., Ltd has clinched contracts for high-speed train car body components worth RMB318 million from CNR Tangshan Railway Vehicle Co., Ltd. The latest contracts will see Jilin Midas supply aluminium alloy extrusion profiles and certain fabricated parts for high-speed trains that will operate at speeds up to 350km/hr. Slated for delivery in 2014, these contracts are expected to contribute positively to Midas' financial performance for the financial year ending December 31, 2014...
Congrats to those students who went long when I posted in the SMMG club! Definitely in the $$ now!

source: Shareinvestor

Ronald K - Market Psychologist - The Big Speculator