It seems THE Colt could be on its way back from yet another Year Low .

The stock is now at a very vunerable level at market cap level of only 500million -

My own opinion and that of other investors is great time to tuck away as a recovery from the present lows looks set to start...

What goes down must come up...

France Telecom still looks set to the main bidder though CABLE and Wireless is another contender named...

DYOR AS ALWAYS AND HAVE SAFE INVESTING ON YOUR MIND...jULES99

60-80p is the comeback target...

i for 1 picked up sum colt 2day at 45..gotta be a bargain

yes i'm in to see it go over 50

good day with the market down,colt rises....on a bad day go for quality....still way under valued i feel.?
any views whats holding the price back?

PD4WCUF, ISM4EEL..

Welcome aboard, glad you guys know a bargain when you see one...

On a positive note - Luckily Colt is not affected by the Dollar as it's main networks are in Europe...

I think it's largely been a case of fear as many investors will have been burnt 5 months back when price dropped from 85p down to 55p and then as low as 36p...

Naturally when this happens investors are wary...perhaps put off..

However I think this is about to turnaround one can just feel it, this time last year or so Colt hit 1.29p...Now the company is about to come out of the red and into Profit in 2005, Directors buying again recently on dip, new management inplace and you can be pretty sure predators such as CW, France Telecom will be watching like hawks...Also A takeover/buyout of stock from Fidelity would not be given for less than 95p, valuing Colt at around 1.1Bn analysts beleive.

I'm confident Colt will hit the magic pound again...

Jules99 is advised not to sell...

How To Spot A Chart Breakout based on the last Colt Breakout...

A MUST READ FOR COLTERS - CHECK THIS AN EXCELLENT HISTORIC INSIGHT ...This what happened the last time Colt was trying to breakout from 49P...

http://money.msn.co.uk/investing/Insight/SpecialFeatures/MultiplyYourMoney/chartbreakout/default.asp

By Nick Louth, MSN Money special correspondent
Last updated June 3

Heres a technique for spotting the chance of big rises in shares before they happen

The last week has been a great one for shareholders in Colt Telecom. Shares in the alternative telecommunications carrier jumped by 50 per cent in less than a week, reaching 76p by the close on Monday. Luck of the draw? Not at all.

Colt Telecom's latest share price

Not luck but probability

Far from being a random move, by studying the chart of previous price movements in Colt it was actually possible to see that the share was likely to make a substantial upward move a week or two ahead. How do I know? Because I spotted it myself and bought in at 48p on May 13th before the rise had begun. The technique of chart breakout detection can be learned by anyone, and though it doesnt always work, it can bring big profits quickly. In my case I sold at 76-3/4p on Monday, for a 60 per cent gain in a fortnight. I have to admit the results are rarely quite so spectacular.

A chart breakout occurs when a share price breaks through an important barrier, and is free to move beyond. These barriers can be an absolute price level (in Colts case it was 50p) or a trend line drawn on the chart of past movements. All it really means is a signal of a change in the pattern of price movements. Quite often, the longer a price has been confined, the more spectacular its behaviour on escape will be.

New to charting? Read this article on the basics of charting

See Colt's monthly chart

In Colts case the big move happened on Thursday May 29th, and on Friday the papers said that Colt had been helped by a credit report from Moodys Investor Service which changed the groups outlook from negative to stable.

See news report on Moodys update

Clearly this is good news, but it is hard to see why on its own it should propel the shares of this alternative carrier so much higher. Looking through the newspaper share market reports we find all sorts of after-the-event explanations for such dramatic moves, but as someone who spent years writing stock market reports I can assure you there is often more post-hoc rationalisation than real insight in this.

Indeed, the facts in the Moodys report merely reflected what anyone who looked at Colts results and balance sheet over the last six months could see that the company is increasing its operating earnings, chipping away at its huge debt and slowing its capital spending.

What the chart says

What had really changed were the characteristics of the share price chart in the two weeks leading up to this big move. What was there to see in the charts? Lets take a closer look at Colts movements over the last year.

Colt's 12-month chart

Since October last year, Colt shares have been unable to get above 50p. You perhaps need a more detailed chart to really show it, but since the most recent market low in the middle of March, Colt shares climbed nearer and nearer to 50p, a resistance point which had held for over six months, but at each attempt to move above that level, they were rebuffed.

Detailed Colt chart

However, the fall at each attempt was successively smaller. This indicates a tussle between buyers and sellers which was gradually coming to a crisis point. This point can be seen clearly on the monthly chart we looked at earlier. There we can see trading volume shooting way above normal on both May 15th and 16th, which is a confirmation of the significance of the move about to be made. Colt tentatively eased itself over the 50p barrier on May 16th. It didnt go far, but in the following sessions executed a most important manoeuvre. One of the concepts in chart analysis is that of confirmation, so once the price had moved above resistance at 50p, it had to re-test that level as support, a new floor for a new trading range. In the following few days, Colts share price temporarily eased back below 50p, but fresh buying lifted back again. It is at this point, we can say the chart breakout is confirmed, and which should mark the purchase point for those who want to be sure the move is valid.

Other examples

making a comeback from fall this am...Now all sellers seem to have been taken out..

holding steady for now

NASDAQ (up 2% almost..) and US telecoms also up last nite, Colt most likely to follow up again:-)))))

Target remains 49p+ once it does, the classic chart break from 49p (that all Colters have ben (very) patient) should take effect..

http://money.msn.co.uk/investing/Insight/SpecialFeatures/MultiplyYourMoney/chartbreakout/default

Hopefully it happens this week!

(Thanks Nasdaq..)

http://www.moneyam.com/action/quote/processGetQuote

4 COLT DIRECTORS have just Bought SHARES!

See thread...!

An announcement on the company progress is round the corner for sure -Obviously Positive by the looks of things, do check thread above ...

Look like the turn around is coming...

CTM is on fire today - up over 4% and flying. What's happening?

telcos heating up...check out ESY (up for other reasons but the pricipal in intact!)

Prop, it's me Joe you're talking to! I'm already on the ESY crusade too remember

jules99...i agree with your chart breakout spotting at 50p...(see my comment on 15/11/2004). I think it will go to 70p soon.

It seems everybody is listening now....

CTM ...With 5 director Buys all buying in the early/mid December as well as the appoinment of a New Director With Vast Knowledge and experience from the States...

Analysts know positive news of a great nature is on the cards...hence the move and sizable trades going through again.


Results due out in Early Feb perhaps according to some investors...dont know exact date at this moment, though I think a trading statement may be also made very soon...Very Positive by the looks of things...

My personal is 70-80p is likely if the news is all good and true...The directors look well to make a whack themselves...!

More buyers will start to flood in as the rise starts, its the nature of the beast...


Enjoy ...Jules99.....

Do Check the chart, CTM could well rise to 80p this appears like the break out target from 55p...With Ctm so low, just One single majot (positive)statement could very easily acheive this...

Watch this space...

52p now

I have been "buying" and "selling" colt in the US as the price tends to follow the UK, rather than the UK follow the UK!

made a comeback fromearly lows of 51p - Closed at 53p...

Results not far away i reckon...something good, in the way of news....
last year it was early feb, if anyone has date plse post...

roll on 55p+...!!!

jules99

Well it reached 55p as predicted..now anything can happen, after 55P.. 86P is the next target point...check charts...

:-))))

jules99

you'll notice that volumes were above average yesterday, market interest increased and confidence back no doubt.

should breah past 55 today, no holding back it seems..