Monday, December 15, 2014

************** Midas: Series of Sell calls seen......... INDEED broke below 0.25 support as mentioned to clients on friday.

More downside still ? now 0.24


Sent: Friday, October 17, 2014 9:52 AM
Subject: Follow Up************** Midas: Potential Breakdown further below 0.30, now 0.29
From previous sell call, Midas did break below the 0.300 psychological support again. This can again lead to more downside to 0.27, 0.25 then 0.20. Note that 0.25 is the all time low seen Oct 2008 before it rebounded. Any breakdown will not be a good sign and can lead it to find a new low again at probably 0.200 first. STILL A CFD sell as long 0.300 remains as a resistance now. Lower buy stop loss to 0.31 now. Congrats to those who have shorted under CFD. All technical indicators still looking weak with no signs of any recovery as of now, see emails all the way down, you can see that sell calls since MAY ALREADY.

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