Al Madina Finance shares limit down
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Al Madina Finance shares limit down
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Novice_investor
horse trader
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Joined: 17 Oct 2009
Posts: 174

Posted on Tue 10 Nov 2009 18:56 by Novice_investor 		Reply with quote
OnlineTrader wrote:
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 ...


OT...

thanks for your analysis... request you to be more active here and pls post MORE technical analysis... these technical discussions between you and taj are very good... and very helpful...

Novice
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OnlineTrader
mercenary
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Joined: 10 May 2009
Posts: 627

Re: Once again

Posted on Tue 10 Nov 2009 21:15 by OnlineTrader 		Reply with quote
thajuddeen wrote:
Whereever I go, you're there is the slogan.

I had planned a 1.05 entry tomorrow. Let's compromise you buy 1.06 and I buy 1.05.


Thaj,
If that is the case why we don't give up, then we might buy it at lower prices, as seems it is only you and me interested in this share.
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OnlineTrader
mercenary
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Joined: 10 May 2009
Posts: 627

Posted on Wed 11 Nov 2009 11:17 by OnlineTrader 		Reply with quote
Come on boy, only 1 fil to me and Thaj prediction.

Thaj I was watching the stock from beginnig, someone placed buy order at 1.05, 50750 shares at first second of market , was it you?.

And just now 25000 traded at 1.05 Laughing
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thajuddeen
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Joined: 15 Apr 2007
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I kept my word

Posted on Wed 11 Nov 2009 11:23 by thajuddeen 		Reply with quote
OnlineTrader wrote:
Thaj I was watching the stock from beginnig, someone placed buy order at 1.05, 50750 shares at first ...


Yes, I kept my word. Very Happy
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OnlineTrader
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Posts: 627

Re: I kept my word

Posted on Wed 11 Nov 2009 11:29 by OnlineTrader 		Reply with quote
thajuddeen wrote:
Yes, I kept my word. Very Happy


And it seems others also did! Laughing

Look at orders being placed at 1.05.
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thajuddeen
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Joined: 15 Apr 2007
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I sold

Posted on Wed 11 Nov 2009 12:09 by thajuddeen 		Reply with quote
I closed it selling at 1.07 as the stock has not gone past PIVOT yet and in Kuwait it is gap down with lot of sellers.

I will try 1.04 though.
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OnlineTrader
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Re: I sold

Posted on Wed 11 Nov 2009 12:13 by OnlineTrader 		Reply with quote
thajuddeen wrote:
I closed it selling at 1.07 as the stock has not gone past PIVOT yet and in Kuwait it is gap down with ...


Well, you did right I guess.

About 1.04, you have to stay behind me! Laughing Wink
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nothing
opportunist
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Joined: 29 Oct 2009
Posts: 33

al madina

Posted on Wed 11 Nov 2009 19:46 by nothing 		Reply with quote
Interesting!

Lot of interest between Jhaj and online trader buying this stock at lower! Very Happy

Remember guys, many are stuck at 1.83, thereafter no buyer only seller till the stock reached 1.09, Surprised

I hope peopel who invest in this stock give some space to climb up, so others who stuck in this stock may enjoy seeing at least going up Smile and not comming down drastically again Sad

enjoy Smile
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OnlineTrader
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Joined: 10 May 2009
Posts: 627

Re: al madina

Posted on Wed 11 Nov 2009 23:22 by OnlineTrader 		Reply with quote
nothing wrote:
I hope peopel who invest in this stock give some space to climb up, so others who stuck in this stock ...


Wow!
Did I say I bought any share?
I placed my order at 1.05 and then I saw sell pressure in first half of today session, then I placed my order at 1.04 which never executed.(actually none of my orders today executed)
And reason was EU market good performance which took UAE market higher.

Also Thaj did not make any profit, he bought at 1.05 and sold at 1.07 , there is barely profit in his trade also.

But may be tomorrow!
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thajuddeen
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Joined: 15 Apr 2007
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It needs consolidation

Posted on Thu 12 Nov 2009 07:24 by thajuddeen 		Reply with quote
The stock rose 20% from 0.99 before consolidating the low.

I hope it might consolidate around 1.00 before moving up.

The stock has to break 85 fils in Kuwait to be bullish again. In Kuwait it's doing a consolidation.

The current break out high (1.19) fell short of 1.23 in Dubai.

It is still a tradable buy around 1.00.
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nothing
opportunist
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Joined: 29 Oct 2009
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al madina limit down

Posted on Fri 13 Nov 2009 11:33 by nothing 		Reply with quote
Hi to all,

Following is the portfolio of al madina finance company of kuwait. Does anyone have any idea, whether they are into Profit making? Sad


1.Investment and portfolio management in
Kuwait stock exchange market

2.Al-Madina currently manages two funds (India Fund and Al-Madina Fund) and stake in Hits Telecom

3.Corporate Finance Department at Al-Madina strives to provide a broad range of products and services. These include:

Financial Advisory (in respect of mergers, acquisitions, restructuring, etc.)
Private Placement
Underwriting
Syndication
Valuation
Listing (both local and international)

Projects inside Kuwait

1. Al-Mahboula Towers: Three residential towers located in Al-Mahboula area

2. Al-Khairan Marine Villas: Three Phases:

Phase "1": consists of 124 villas

Phase "2": consists of 108 villas

Phase "3": consists of 88 villas

3. Al-Madina twin towers locatd at Al-Mirqab over 2014 sm. Each tower consists of 30 floors

Projects outside Kuwait

1. A land in KSA of 1,000,000 sf. Located on the Jeddah – Mecca road (15 K).

2. Al-Hamra Island Village "B" located in Ras Al-Khaima, UAE over 513790 sf.

3. Al-Murjan Island (2.APT.004) located in Ras Al-Khaima, UAE over 431072 sf

4. Four towers in Al-Reem Island located in Abu Dhabi, UAE of which those towers consist of two residential and two commercial.
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Krazy Guy
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Joined: 30 Oct 2009
Posts: 74

What is a good level to enter?

Posted on Sun 15 Nov 2009 12:31 by Krazy Guy 		Reply with quote
Considering that in Kuwait this stock is holding aroung 77-81 levels, what is a good level to enter in this stock in DFM for 1-3 months.
I would appreciate it if people with technical analysis expertise could advise.

Thanks
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OnlineTrader
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Joined: 10 May 2009
Posts: 627

Thanks - Seller

Posted on Sun 15 Nov 2009 13:12 by OnlineTrader 		Reply with quote
Many thanks to who sold me 22909 shares at 1.02 at 13:02 .
Laughing
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OnlineTrader
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Re: Thanks - Seller

Posted on Sun 15 Nov 2009 13:21 by OnlineTrader 		Reply with quote
OnlineTrader wrote:
Many thanks to who sold me 22909 shares at 1.02 at 13:02 .


I see!
All sellers waiting for me to place my order at 1.02 so they can beat me. Confused

But no harm, Almadina is safe in this range, and of course I will keep my stop loos at 1.00.
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Trader2009
charletan
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Joined: 12 Aug 2009
Posts: 14

Re: Thanks - Seller

Posted on Sun 15 Nov 2009 13:26 by Trader2009 		Reply with quote
OnlineTrader wrote:
But no harm, Almadina is safe in this range, and of course I will keep my stop loos at 1.00.


Do you actually have the option of Stop Loss on your platform? I was told that it is impossible to have it while trading on DFM...

Or do you mean that you will have your eye on it to exit by placing market order when the price comes down to 1.00 ?
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OnlineTrader
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Re: Thanks - Seller

Posted on Sun 15 Nov 2009 13:38 by OnlineTrader 		Reply with quote
Trader2009 wrote:
Do you actually have the option of Stop Loss on your platform? I was told that it is impossible to have ...


Yes and Yes!
You can't do it automaticaly in DFM.
So the only way is to watch it carefully.

But if you have read past posts, you will notice that this share only traded at 0.99 with a volume of 40,000.
I have been convienced that it will not go lower.
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thajuddeen
capitalist
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Joined: 15 Apr 2007
Posts: 1701
Location: UAE

Coming down again

Posted on Tue 17 Nov 2009 13:05 by thajuddeen 		Reply with quote
It's coming down again.

It traded 0.99 again, good volume.

I bought it this morning at 1.01 and just managed to book profit at 1.03.

In Kuwait stock has fallen to 75 fils (seller). Sad

Be careful
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OnlineTrader
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Posted on Tue 17 Nov 2009 14:13 by OnlineTrader 		Reply with quote
I sold too at 1.03 with very minor looe (for commission of course).
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thajuddeen
capitalist
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Joined: 15 Apr 2007
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You should still make a small profit

Posted on Tue 17 Nov 2009 14:37 by thajuddeen 		Reply with quote
OnlineTrader wrote:
I sold too at 1.03 with very minor looe (for commission of course).


I think, you bought at 1.02 and selling at 1.03 you could still make a small profit for over 15000 shares.

I made my weekly target from that trade, over 1.35%. Very Happy

The stock opened at PIVOT and hit S3 and looks to hit still lower price.
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OnlineTrader
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Re: You should still make a small profit

Posted on Tue 17 Nov 2009 15:11 by OnlineTrader 		Reply with quote
thajuddeen wrote:
I think, you bought at 1.02 and selling at 1.03 you could still make a small profit for over 15000 shares.


yes I bought at 1.02 and sold at 1.03 but to be honest it is a long time i have not updated my daily trade database, so I was thinking a small loose.
And now I see you are right.
Thanks again.

Thanks god you made your weekly gain!

So tomorrow there will be no one to beat me by covering my trades.
Wink
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thajuddeen
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Is it going another leg down?

Posted on Tue 17 Nov 2009 20:32 by thajuddeen 		Reply with quote
Is it going another leg down?

Looks like, today's canddle is asking for a lower low tomorrow.

In Kuwait stock broke support at 76 fils to close at 75 fils.

0.96 could be a tradable bargain early on.
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thajuddeen
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Yeah, another leg down

Posted on Thu 19 Nov 2009 09:30 by thajuddeen 		Reply with quote
It hit 0.96 which is not a bad price but it may still hit around 0.93 untill the stock shows positive signs in Kuwait where it traded 73 fils yesterday.
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OnlineTrader
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Posted on Thu 19 Nov 2009 10:25 by OnlineTrader 		Reply with quote
As far as Ektitab Holding going south, we can not expect Almadina to climb.
It is now trading at 0.94 but I barely see buying support in it's back.
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thajuddeen
capitalist
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Joined: 15 Apr 2007
Posts: 1701
Location: UAE

The stock could consolidate above 0.90

Posted on Fri 20 Nov 2009 10:27 by thajuddeen 		Reply with quote
The stock closed on the PIVOT that could be the beginning of a positive sign.

I would have taken a risk at 0.92.
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OnlineTrader
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Re: The stock could consolidate above 0.90

Posted on Sun 22 Nov 2009 12:24 by OnlineTrader 		Reply with quote
thajuddeen wrote:
The stock closed on the PIVOT that could be the beginning of a positive sign.

I took the risk and entered at 0.90 .
It really looks attractive.
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