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

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.

At least I'm not the only one that considers this a buy! Nice write up in the Independent today.
http://money.independent.co.uk/personal_finance/invest_save/article1201856.ece

The Independent article doesn't read that way to me. It sounds a bit based on hope.

"My hope is IDN will trade its way out of the basement.".

Nice to see some blue today!

IDN Telecom PLC
28 July 2006


IDN Telecom plc
('the Company')

Holding in Company

The Company was informed today that Gartmore Investment Limited purchased
1,000,000 ordinary shares in the capital of the Company on 24 July 2006, and is
now interested in 11,834,654 ordinary shares in the capital of the Company,
representing 3.05% of the entire issued ordinary share capital of the Company.

For further information please visit
www.idn.co.uk
or contact:

Mike Morrison, Managing Director, 0870 777 1775
Gordon Hermiston, Finance Director, 0870 777 1775
Jeremy Porter, Seymour Pierce Limited, 020 7107 8000

I am afraid that institutions make the same mistake that other investors do. There was indstitutional buying not long before the EVS telecom company went belly up.

You going to post L2 today Haystack. Oh, I very much doubt it, you only post when the facts suit your argument.

Well, just for information there are now only two MM BELOW 2p, SCAP and WINS at 1.95p, the remaining four are above 2p.

To say that SELLs are outnumbering BUYS day after day, is at best misleading, at worst a bare faced lie. Since I have been posting on this thread, that just simply is not true.

I don't know why you have a bee in your bonnet about IDN, but you really are the worst kind of poster when it comes to a balanced view. Fine, be negative by all means, each have their own opinion, but why not try to be fair to both sides of the argument? Somehow, I very much doubt you have that ability, which is somewhat surprising, because you are clearly a very balanced person - a massive chip on each shoulder!

pth

Not quite right. One MM is exactly on 2p and not above itnand that one hasn't moved at at all today.

I have never claimed to give a balanced view or be fair to both sides. I don't like IDN as a stock and I am bearish about it. You give bullish views and I give bearish ones. Recently SELLS were outnumbering BUYS and the price has been falling steadily for months. Today that isn't the case and the price has risen. A piece in the the Independent may have caused that.

The fact that the price has risen doesn't change my mind about IDN, nor would it if it doubled in price.

If it doubles in price you can be as bearish as you like. I will still be happy!!!!

Don't get me wrong. I don't think IDN is going bust. I just think it is over-valued.

Sorry Haystack, we will just have to differ on that.........growing revenue, growing EPS, single digit P/E , net cash position(no debt) and generating free cash. Not too many of them around except with the oil producers... BUT nothing is a certainty.
If you know some doing better than this though, I have some profits to invest!

Haystack, you have little credibility either here or on other boards. The fact that you have freely admitted you are unable to present a balanced and fair arguement to the discussion on this stock (or probably any other) is of no surprise. Why would any poster / reader treat your views with any credence when you can only see yourself as right and are obviously not prepared to shift those views no matter what?

Incidentally, I am not Bullish nor Bearish with regard to IDN. Feel free to post any Bullish comment I may have made. However, what I have done is to redress the one sided bullshit that you post every day. As far as IDN is concerned I post facts, not an opinion and if one, two, or three MMs fall off the Bid tomorrow I will quite happily post that fact. What you post is just the negative side with your lobsided spin and little reliance on the truth.

pth

I didn't say that I couldn't present a balanced agument. I said that I didn't. I prefer reading biased views as you know where you stand (also there are no unbiased views on BBs). I did just write a long post discussing why I don't like IDN, but I changed my mind at the last minute and didn't post it. I have posted detailed reasons before why I don't like certain stocks, but it usually just generates more arguments. My personal view is that I don't expect the results to continue to be as good as previously. If you disagree then that's fine.