Midas is experiencing a massive heavy selling now. The stock seemed to be thrown down by a humongous amount of sellers where it seemed like there is no recovery at the moment. In fact on Nov 14th this month, I alerted all to avoid investments and trading this counter due to the risk and bearish signs of this stock. Click and read my post below when I posted where the price was at 0.21.
http://stockmarketmindgames.blogspot.sg/2017/11/midas-posted-66-increased-in-3q-earnings.html
Today on hindsight, we see selling. I am worried for those who are holding this stock as it can become another Noble and junk in the making. Be cautious if you are holding on to this counter.
Ronald K - Market Psychologist - A Stock Market Opportunist
