Small cap video games developer....swinging into profit....outlook good...cash in bank....starting to move....welcome anyone's comments and thoughts on this..

Highlights from Interims RNS
"Turnover for the six months ended 30 September 2003 was 1,062,000 compared with 633,000 in the same period last year. The profit (both before and after tax) for the half year was 23,000 compared with a loss of 556,000 in the same period last year

Visit Bits corporation website:
http://www.bitsstudios.com/default.asp

A good chance to buy at just under 30.

Looking stable here now.

Price drop on big holder getting out. May fall back to below 20.

Looks likes BIT is heading southwards fast - down 4.5p to 24.5p today

Caused by a margin call. Should bounce back.

Definate margin call and as such an opertunity. Amazing how over exposed people get and then take no action until too late when their hand is forced and we see what we are seeing.

Added some this morning.

i have a funny feeling that this is gonna fly,just my thoughts after seeing those two big trades

Looked like there was a buyer moping up stock in this today. After the sells this am it moved up on tiny buys as if all the stock had gone.

Rumours fund raising plans are now complete and news due this week or next. Should get a full update on the new Internet Gaming as well.

News coming, could see this start to challenge its recent high of 38p once again.

A good day, and a good rise. We need some news now this week or early next to back this up and allow further moves !

PapalPower I have heard the placing plans are nearly complete. I am expecting this to be a multibagger this year but DYOR.

B2B I share your optimism on good gains for BIT this year. The coming 5 weeks will see the news that will transform this company. I will keep adding more stage by stage over the next 5 weeks :)

Good to see some consolidation around the 24 to 25 bid level. It was less than yesterday, and if we can take out this level ahead of news then it should make the move back to previous highs quicker.

5 weeks time (end of Q1) this should be very much higher than today.

Bit of shake, and a bounce back.

PP

Do you have a med/long term price target?

MS

There are lots of them around for BIT, some say 100p by year end, I would be happy with half that, but open to a 100p target too.

This is one of PS's nap tips for 2006, and its got a strong following of respected investors, so I am in for some too.

EK (Simon Cawkwell) has a long position.

MS

mickeyskint thanks for that, there are a number of shall we say "wiser investors" who are long in BIT now, and I am following them ;)

Moved up again today on news of increases in holdings, again :)

And now making a move back again