Al Madina Finance shares limit down

[nothing]

can any one tell why al madina shares limit down for several sessions.
within a month the price came down from dhs 6.25 today dhs.1.46
that too limit down where as more than 5million sellers and no buyers !
as though i am new to this forum, surprised this stock is unnoticced and no views

awaitng for your views

thanks

[sharewadi]

Hello nothing and welcome to the no-limits Dubai stock forum .

I don't know of a specific reason but as Al Madina Finance (ALMADINA) on the DFM is a secondary listing for a Kuwait based company, there is usually limited trading levels and interest. In recent days, volumes have jumped significantly for several secondary listings, including Al Madina. It could be that the Dubai price was lagging the Kuwait price and is just catching up now. Or check the Kuwait Stock Exchange (KSE) website to see if there are any disclosures that might be relevant. Also check the Al Madina share price behaviour there to see if it correlates to Dubai share price and volumes.
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[lala]

hi nothing
these all are amost bankcrupt companies,(1)gfh(2)al madina(3) ektikab,better go and gamble in casino rather then trades in those stocks.
al madina low was .055 kuwaiti fils multiple 12.75=around .70 fils
yesterday there was an pump and dump rally in kuwait just bec here prices was much much higher then there and today again near lower lock in kuwait.
u can trade with those shares as same as u betting in casino with a 5% portfolio of yours.i knew some of my friends bought these scrapy s---- few days back and already lost around 40% in last few days.
i had never seen gambler win money at last from equity market only investors survived here,its my 20 years experienced.
play safe
and invest with safest companies
Lala
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its my opinion,money is your,s

[Bill Gates]

Hi Lala,

What you mean by Gambling? The day trading will not come under the definintion of gambling?

[technical]

yeah, i would tend to agree that trading in the financial markets are all a gamble. at least this was how i and my colleagues 10 years ago used to sell spot currency trading to our investors actually, that's a sales pitch more than anything else. But, if you think about it, on hindsight, everything in life is a gamble. You cross the street, thats a gamble if you survive without getting sideswiped. Drive along the speed lane of sheikh zayed road and you surely understand what betting your life is all about. You take a corporate job, its a gamble as to where it will take you. At the end of the day, its all about our appetite for risk. We have our own choices to make which ones are riskier and which ones are not(less risky).

we may have our own reasons to gamble (TRADE) our money either in equities or at the casino, the differences lie if we bet using some theoretical basis (a scientific guess) or we choose our positions blindly (but professional poker players may prove to have theoretical hints to play smartly). Still, everything else is a gamble. Nothing is sure in life. Everytime i read of some posts in this forum using the word SURE or GUARANTEED, i tend to squirm in disbelief--- but would rather not comment and just smile at it. Maybe its just a way of unintentionally delivering words and not taking much heed of it without necessarily being forceful. Just like how sharewadi would remind us to rather use the words-- "i believe, or strongly suggest, or high probability" or something to that effect.

As we all SHOULD know, trading is an art, not a science. if its a perfect science then everyone should be rich by now.

[nothing]

[thajuddeen]

The problem in dual listed stocks (DFM & KSE) is that DFMGI index was on a peak while Kuwait Index was on a low.

Now prices are coming in line.

Traders may pick ALMADINA in the range 1.05 - 1.10 with stop loss below 1.00.
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Take your own decision; and you decide your destiny

[nothing]

I saw al madina web page of Kuwait they annonced 1st of nov. that they made 3rd qtr profit and they said, that even make more profit in coming months, although news is in arabic , but when i translated in english it says .

Still i dont understand why with in one month 80% value is gone down and everyday it is in red, people like me stuck up at purched at higher price.

I am woried , any idea when it will climb up?

[thajuddeen]

[nothing]

Hi to all,
Those who hold al madina shares,
History will repeat, Just notice of 2007 performance , as Thaj, said be patient, many limit up will come up as it progress, world market better on its way of recovery, dont panic!

This is my view,

[thajuddeen]

Though ALMADINA closed at 1.07 (PIVOT) but not before trading heavily at limit down (1.03).

The stock failed to cross 82 fils in Kuwait and closed one fils down (81). The recent lowest price in Kuwait is 79 fils. Applying 12.50 to the lowest price, Aed 0.99 which will be couple of fils above limit down and could be an entry point early on. The risk is the stock falls below 79 in Kuwait.

The stock has been falling for the last couple of weeks and the lowest of the bubble is between 1.23 and 1.32. At Aed 0.99 it will be about 20% down from the lowest of the bubbles.

I really have a few cues on the fundmentals of the company.
_________________
Take your own decision; and you decide your destiny

[thajuddeen]

The stock is falling everyday in DUBAI but it is having a tug of war between buyers and sellers in Kuwait.

In the last two days the stock traded good volume in a stagnant range 80-82.

At the end of October the stock fell to 76 fils before breaking out to 94 fils in two days but fell with a bubble to 80. SMA10 has just crossed over SMA25 after couple of months while a small negative divergence has just begun. That explains the tug of war.

So breaking the 86 barrier will help continue the uptrend breaking below 76 means another leg down.

At the moment it looks like more of a consolidation but buy only lower prices untill a confirmation. Once it breaks 86 in Kuwait hold for good gains. Traders to stop loss once it breaks 76 in Kuwait. Traders can also buy at higher prices when it breaks above 86 in Kuwait.
_________________
Take your own decision; and you decide your destiny

[lala]

sallam and hi to all

al madina major shareholder 25% stake in ektikab holding,tommorow ektikab result,so becareful guys
IF the result bad for ektikab then doom doom.

play safe
lala
_________________
its my opinion,money is your,s

[thajuddeen]

[lala]

[thajuddeen]

[lala]

[nothing]

Hi to all,

This share is already tanked 83% within 40days ! all over GCC. I dont think any other share value went down so sharp like al madina did, that too last 6months all share price went at least 30 to 70% up from the bottom, When all started going down 3rd qtr of 2008 till 1st qtr of 2009, The valve of al madina did not come down so sharply! My qustion is why the share price did not come down during that time!

Now suddnely what happend every day is in RED, and people expect still to go down! What about people purchased at higher price ! May be our bad luck!

Moreover i do not understand why The company is quite and so far not re-asureing anything to the share holders? Can we hear something from them very soon?

[thajuddeen]

[thajuddeen]

ALMADINA Stock looks like bottomed out at 0.99.

Stock showed a buying signal yesterday by closing above open and previous close.
_________________
Take your own decision; and you decide your destiny

[thajuddeen]

This share was in priority list for day trading and in the last couple of days I switched my attention elsewhere.

In the last couple of days stock traded with 10% + range. From yesterday LOW to today's HIGH 20%. Cann't ask more.
_________________
Take your own decision; and you decide your destiny

[Sunilkhaitan]

[thajuddeen]

[OnlineTrader]

at 0.99 only 40000 share were traded, so who was very lucky to get those?
Some points:
1.After a long time bolinger bonds are getting closer to each other, another sign of getting ready for a trend.
2.Volumes increasing while price climbing.
3.For time being may be we don't see price lower than 1.00, so an entry point of 1.05-1.06 (I got this price by checking volumes traded in this range not by using S/R calculaton) looks safe with stop lose at 1.01.
Supports based on S/R caclculation: 1.05-1.00-0.93
Resistance: 1.17-1.24-1.29

[thajuddeen]