The chart for this stock says it all.

The company is quickly becoming a real gem in the telematics field, over the last month the co. has announced re-seller contracts which will bring in min. 2m or >30% of last years T/O alone.

The company is already experiencing massive organic growth so the co. should be profitable now following last years 500k loss.

The co. has approx. 6m cash and is in one of the hottest growth areas at the moment.

With a market cap. of 25m this will be re-rated x2/3 minimum within the next 6-12 months IMHO.

MM buys went through on Friday with T/O continuing to build, one to put on your monitor...

Pumacat - you need to ignore the trades, they can be misleading.

Every time someone buys some shares, someone else sells them. But only one of the transactions are recorded - according to the price. Todays trades were all ordinary trades - which meant that they were all done within brokers without the need to go into the market place. So when someone purchased some shares today, the broker sold them from their internal stock which they had bought (often the same day) from one of thier other clients. It is the AT trades that effect the price. If a broker (or anyone else) is short of stock they will BUY from the MM who SELL the shares. It is only when the MM get short of stock that the price goes up to encourage brokers to SELL shares to the MM who BUY it. The MM drop the price to encourage people to buy from them, but today, they still did not get any takers - that's why the price dropped.

ahh..most interesting little woman, im afraid all this is very new to me but find in most interesting. I have followed these shares since they were at their high of 4p+ and am now starting to regret my then confident impulse to buy, if only we had a large glass ball, does looking at the stars help at all???

Just be patient. The results are due out in June for the year end to 31 March 2004. I would not be surprised if the share price starts to pick up at the end of May in anticipation of good results. But I don't expect much to happen until then. (It was the same thing, last time the share price went up!)

I will be awaiting eagerly as ime sure many will be, I think if anything its a waiting game and you need a lot of patience, I proved that I dont have this quality as I bought large into Corus at 18p, sold at 23, bought again at 24 sold at 26, bought again at 30p , got far too greedy and watched my dreams come true as they went to 37p and watched them all dissappear just as fast, sold at 22p, and still I am not prepared to work out my loss,( look at the buggers now??1!) if only ide been in a coma for a few months...time will tell now..thanks for your shared knowledge all the same, ime sure ill never learn!!

its only money........

Another 100k added to my collection ;o)

Looking better up 7.8%

Little woman thank you very much helpful stuff to a learner like myself.

Nice to see some blue today - I live in hope this will continu - cants wait to see when the results will be announced

Just look at the blue today.Maybe,just maybe.

Kwiggers i think you must be colour blind or posting on wrong thread!!!


G12 :))))))))))))))))))))

G12
Any blue is a relief.2/1 against at the moment.
And I'm not colour blind.Its just that BLUE is my favorite colour.O.K.

easy tiger i'm in the blue too, but the shares are shit today and are in the red!!!

No offence intended .

G12

I think the blue was the buys which were good but once again the price dipped.

Think I will change my username to hairpuller!!

A bad day all round then!

Pumacat

I aint got no hair else i would join you!!!

Buying continues and still no sign of a market up date.

At least some options are due to expire next week..

Still Waiting

Maybe that's what all the shareprice stagnation has been about? It's possible that after the 16thMarch (when options have expired) this stock will finally move north.

First ever post on money am

Cybit Holdings has continued its consolidation and made new lows this week, losing 0.22p. I believe we might be somewhere near the bottom now. The 2.5p support level held firm this week and this is highly significant given the severe downward pressure on the market. Have a look at link which is the weekly chart. Look at the last candle right. This is often a reversal signal where price has gapped below lower Bollinger Band only to recover to close above it. I cannot guarantee a trend reversal but as you can see this is the first such candle during the long consolidation on the weekly chart. The support level has proved itself over several weeks now and traders are starting to buy because it gives a good risk to reward ratio and also because results are due to be announced soon. News is also expected after a news famin to allow price to be managed down for institutional accumulation.

Please look at the indicator called RSIBD.
RSIBD = Relative Strength International Business Daily. I have used this indicator for a few years now, which was designed in the USA for an investment magazine. I must point out that RSIBD has been falling on the daily chart for some time but the weekly chart is always more important because there is less noise in the data. RSIBD picks up the strength created behind the scenes by secret buying of the stock.

tx

http://groups.msn.com/ChartBank/general.msnw?action=get_message&mview=0&ID_Message=86

traderxxx. Very interesting & informative post, many thanks! Could you post which investment magazine's name is and/or any publication on formula for RSIBD indicator.