Any views on where this stock might be headed?
Its already down by 250 from its high of just a few weeks back and if i knew anything about charts,WHICH I DON,T,maybe it is time to cash a few in

That explains Interpreting Intraday Auctions on Fast Moving Stocks but where does it say Autonomy was in auction as per your previous post.

It was flagged as such and it was in backwardisation - have a look at the trade I quoted (type UT) and look at the bid/offer. I don't know if MAM puts up the AU (auction flag).

Trade types are explained here.

wish I had bought more at this price 1121

Big bounce again at 1121p. Now 1192p. Day traders must be loving it, though possibly a bit expensive for them.

Harry - much as I like this share, I shorted it today for +140. As posted earlier, 11 looked possible. Waiting to go long again, but maybe not today.

Well done skinny. Must have been a momentum trade as I can't see anything in the figures to justify such a sharp drop. I assume then, the shorters are responsible for pushing the sp that far down??? That being the case, the sp should recover once they are closed out.

Nothing but a steady flow of good news, good results and down it goes. The market can be so fickle, this comment won't have helped

"Despite the continued uncertainty in the markets, we remain cautiously optimistic," said Chief Executive Mike Lynch.

I wouldn't want to call it atm, but am looking to go long again - hopefully at a lower price.

Digitallook - Shares in Autonomy were the worst performers among blue-chips on Thursday morning but the high-flying technology firm still has fans among the broking community.

Sales of $195.2m and an EPS of $0.27 ($0.26 diluted) were in-line, UBS reports in the wake of Autonomys second quarter trading update.

Concerns in the market centre on the performance of Interwoven, the content management company Autonomy acquired in January, but UBS downplays these.

While some will be worried by the seeming lack of recovery of Q1s $15m IWOV {Interwoven] maintenance non-renewals we note the loss of c.$10m of discontinued IWOV Services needs to be considered. EBITDA cash conversion of 66% (Q208: 67%) reflects the usual seasonal outflow on insurance/rental prepayments and IWOVs strong pre-acquisition cash collection, the Swiss bank states.

UBS remains bullish on the stock and has left its 12 month price target unchanged at 1,475p."

Stress day but back at my buying price now, I think it is oversold so fingers crossed for Friday

Broker Recommendations
Thursday July 16, 01:36 PM
Broker tips: Autonomy, Cadbury, Enterprise Inns, M&B,

LONDON (ShareCast) - Shares in Autonomy were the worst performers among blue-chips on Thursday morning but the high-flying technology firm still has fans among the broking community.

"Sales of $195.2m and an EPS of $0.27 ($0.26 ADVERTISEMENT


diluted) were in-line," UBS (Virt-X: UBSN.VX - news) reports in the wake of Autonomy's second quarter trading update.

Concerns in the market centre on the performance of Interwoven (NASDAQ: IWOV - news) , the content management company Autonomy acquired in January, but UBS downplays these.

"While some will be worried by the seeming lack of recovery of Q1's $15m IWOV {Interwoven] maintenance 'non-renewals' we note the loss of c.$10m of discontinued IWOV Services needs to be considered. EBITDA cash conversion of 66% (Q208: 67%) reflects the usual seasonal outflow on insurance/rental prepayments and IWOV's strong pre-acquisition cash collection," the Swiss bank states.

UBS remains bullish on the stock and has left its 12 month price target unchanged at 1,475p.

Panmure Gordon, meanwhile, suggests that Autonomy is still "firing on all cylinders", with the second quarter figures "a couple of notches better than we expected".

It has raised its full-year 2009 earning per share forecasts from $1.028 to $1.043 and upped its price target from 1927.5p to 1950p.

Cancaccord has maintained its EPS forecast at $1.08, which it notes is ahead of guidance ($1.03) and market consensus ($1.01).

"Autonomy's strong performance demonstrates that it offers resilient growth, since its key growth drivers (regulatory and acquisition) are unrelated to the macroeconomic environment," the broker said.

"However, without significant financial outperformance or higher-than-expected acquisition benefits, we believe some investors may be tempted to take profits," the broker added

Big money made by day traders yesterday. Autonomy was well oversold after report but back on the rise today thank god.

Big money made by day traders yesterday. Autonomy was well oversold after report but back on the rise today thank god.

FT comment

Mike Lynch, chief executive, remained cautiously optimistic for the full year but said third-quarter numbers would be lower than analysts' forecasts because of a one-off marketing cost.

I like a CEO that plays things down when his Company is gaining top flight contracts all the time. IMHO Autonomy software will not only be an asset to world Companies but they will soon have to have this type of software by law.

As I said yesterday, it quite often gets short-sold on results although after saying that, along with everything else bar the miners, it doesn't seem as though it wants to rise.

I agree with dealerdear, but still think this stock will rise big over the long term

It will interesting to see what the weekend press have to say. I still feel 11 is likely short term - the chart doesn't look nice at all!

My first purchase of Autonomy stock was in 2005 still have these. Have bought and sold many times since and never lost money.
15/04/05 Buy 2433 203.92 4,999.13 +487.98%

Don't say that cause you'll be tempting fate!! There's always a first time!