Myanmese twin pumps : Yoma & Interra ( with later updates on GMG, Midas , Skyone appended )

In the last post ( titled "short-term peaks and Myanmese pumps " -click here )  , I predicted a weak beginning for  this week , expecting it to last thru Monday, Tues and maybe Wed   .  So it is perhaps a good time to cover all your shorts by Wed close or thurs open, no matter what target prices people give you. 

Last nite as Nymex sweet crude oil plunged to $89  and reversed to close slightly above $89.90 I realised we had found a nice bottom for oil from which I expect a nice bounce never mind the riots in Spain/Greece or the hard-landing in china or the water canon show at Diaoyu islands.  Good news should await us tonite -maybe Spain will pass their austerity budget tonite to satisy the Germans or   maybe good unemployment claims or pending home sales data tonite from the US, whatever these data mean. 

As the Dow futures dropped to 13333 - a nice number , I saw that the Dow has found a corresponding nice bottom but not as nice as oil , & albeit a very temporary one too  . So tonite the Dow  should  bounce ..nevermind a weak one .. & never mind what friday or next week will bring.

The Nikkei futures had hit a nice bottom as well , 8855- another nice number.

I also noticed that Gold has completed its reaction to 1738, a lucky number , readying for a bounce.

 which is good enough window for our Myanmese twins , Yoma and Interra to pursue their pumping operation. and maybe also their long suffering brethens like Midas and GMG as well , maybe add Ramba also .( see below update at the bottom   )

 As stated in last post, I bought my Yoma when it completed its reaction at 42-43c and drew some trajectory for the Yoma pumping operation.. I reproduce them here  "as is " for comparison with today's chart .

Tues' 25sept Yoma chart with "as is" pumping trajectory from wild guessing -see last post

                                                Today's Yoma chart

                   Yoma trades on Tues 25sept when it hit reaction floor- see last post 

Tues' Interra chart with pumping trajectory from wild guessing- see last post

Modified disclaimer from last post : Interra : Pre-pumping for rights share trading commencement 2 oct  ?  Interra has broken  recent historic high of  38c due to window dressing & lack of public shares  for now but  come 2 Oct , there will be a flood of Interra rights shares from the public for dumping . Given that the rights costs only 15c to subscribe , maybe 41-43c is more than enough pumping for the operator who has already done his job & collected his paycheck on 22 Sept.. but of course these  public are a estastic public having made a tidy profit , so the dumping or profit-taking may not be that severe , if i were the operator , I will jack up the price 1st Oct & then right after  2 Oct open to  make the  estastic public feel that there is even more up room to go, and so to hold tight to their rightshares but there is always public & some big boys who borrowed money to subscribe to the rights so they will eventually dump over next few days after 2 oct but since people are making almost 30c profit for every 15c they borrow , all they need to do to repay  is sell one  third their rightshares or 1/9 of existing capitalization if all rights shares were financed by loan which is insignificant what more with Uncle Ben willing to lend you money for free for the next 2 years... at any rate , the best strategy is to forget "fundamentals"  and focus on the technicals or price action to look for sell signals  - just my 2c worth

Today's Interra chart before market close  but disclaimer still applies :

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Update on GMG --  30 sept Sun  :

old GMG chart above with old pumping trajectory ( see 19 sept post - click here)

friday  28 sept GMG chart with old trajectory truncated  

Midas pumping trajectory updated 1 oct 2012 - see comments section Breaking out :Skyone( updated 7 oct )