This one looks quite interesting - IDN



MACD and RSI both positive and a break through the top Bollinger should see new levels being attained.

Has been in a down turn for some time and for no specific reason. Brokers estimate an EPS of .26 for FY05 and .31 for FY06 on a rough guide PE of 15 and taking no consideration for tax benefits it looks very cheap. The company is profitable and Seymour Pierce have recently issued an outperform recommendation.

Price 03/11/05 = 2.3 to buy

I see Seymour Pierce has reiterated its buy rating for IDN Telecom.

You still have great hopes for this one Rod?

Pete, I like the PE, the current growth forecast and the latest trading statement. I still think we will see some upgrade to the forecasts, and eventually the sentiment towards this sector and this share will change. I just need to be patient!
I've made some of my best gains by being patient with a share that has good fundamentals, but is out of favour. "Don't panic MR Mannering" .
I've made my biggest losses on shares in hot sectors that are being over-hyped and on crazy price to sales ratios with big promises about the future growth potential.

Good luck, I hope it comes off :-)

canary9 -
Seymour Pierce are the house brokers of IDN. Even small children know to ignore house brokers. Don't forget that Seymour Pierce had EVS as a buy shortly before they went belly up (and they were in the same sector as IDN).

ptholden
I post negative comments on IDN, because I am very negative about it.

I regard DVS as an over priced stock. Little positive can be said about DVS at present. The next set of results will still not say much. The set after next should be more informative. DVS have gained a few contracts to supply kits, but the customers look like the kinds of companies that will tie them down to very tight margins. Plenty of companies get contracts by sacrifying their margins. It remains to be seen as to whether DVS is like that. I am afraid that you will have to put up with me on the DVS thread as well.
I expct the DVS price to fall soon.

Wouldn't be surprised if the DVS SP does go down, but it has risen 50% since your negative post on the 2/3 July!!

Apologies to IDN posters for being off topic.

pth

A rising share price is not an indication that it is not over-priced.

Nope, but in the short term - you got it wrong. Plain and simple.

I am not discussing the short term. I am saying I think it is over-valued. SPs may goup and down. The longer term will tell if I am right. As I don't bhave a position on DVS then it is of litle importance to me if it goes up or down in the short term. If you have made money on it then good luck to you. Mind you a profit is not a profit until you are out of the stock.

A few trades which could be buys or sells, but another MM has dropped the price. I expect this to be much lower soon.

Online prices are 2.06 v 2.08
Reasonably safe to assume the trades at 2.08 are Buys, at least have the good grace to admit so, afterall you never have any doubt when posting, 'all Sells today'
Accepted the point about MM dropping prices.

The 2.08 trades are exactly at the mid price, so they could be buys or sells. The fact that an MM has dropped the price may be an indication that the trades were SELLS.

There is only one MM now above 2p for the bid at 2.05. The others are one at 1.95p, one at 1.9p and three at 1.85p.

The price is 2.05 v 2.1

As I said Haystack, I tested the on line prices first thing this morning and also after the trades at the time of my post which have consitently been 2.06-2.08. . Can't understand why you won't accept the trades were buys and take a more balanced view. However, it looks like the SP is going to fall.

SELLS against BUYs more than 4 to 1 - a lot of downward pressure.

Yep a whopping 0.015% of the company traded in one day, this is clearly massive downward pressure. Behave yerself Haystack, you really should moderate your comments within the boundaries of common sense. In your one man crusade against small telecom companies, you are beginning to lose yer grip and show yourself up. Consecutive days of biased misinformed blatant de-ramping now.

pth

Constant selling day after day constitutes downwards pressure.

Taken over a YTD, 2 year, 3 year period, it alll looks like downward pressure. It is almost constantly below 20, 50, 100 and 200 day moving averages. It is difficult to see by what measure it looks worth a punt.

Would you say it was in a downward trend?

Have never said it wasn't Haystack, but your comment today '4-1 blah blah' related to today's trades. Now you see those charts are worth posting, they tell a story, grabbing sells of 60,000 to try and prove your point is kinda, well, pathetic really. As I said, get a grip amd do be more moderate with your wilder comments ;-)

pth

The SELLS are outnumbering the buys day after day. It matters little if it is 60,000 or not. The pressure must be downwards. I wouldn't describe any of my comments on IDN as even slightly wild. If I posted what I really think then you might describe that as wild.

Sitting right on a major support level. Where to from here? Mainly SELLS today as well. Two MMs down so far and only one not below 2p on the bid.