IC article today about 10 companies with the potential to turn their penny share prices into pounds.....MXC is one of them....read a few of the past RNS's.....contracts with Vodafone, expected to win a global Vodafone contract....they have the ex.chairman of Cisco Systems UK at the helm etc...

Potential is vast but un-recognized.....

syd443s, I think the MM,s are short of shares and initially, they are trying to panic PI,s into selling! IMO of course. Rgds. base97

id agree with jnknill.....with no news at the moment, we have hit a bit of a lull and have seen a retracement from 5p seen earlier. I think the mms are using this period of no immediate news and no massive buying momentum to walk the price down, to free up some shares and panic weaker holders into selling up.

In my opinion, nothing to be worried about here. Standard market maker tactics and my personal strategy is to sit and wait.....more news is due soon:

1) News of storage acquisition awaited
2) News of Vodafone global contracts won (if any)
3) Interims I beleive early June (June 5th anyone?)
4) News of appointment of new Finance Director....

Guys, why would the mm's want to free up shares??? whats the reason to do that???

Its terrible though to see your profits dropping away, bit here, bit there, and before you know it half of you profit has sunk, O well, I aways thought this was long term, but you soon get used to the big % days.

Simon.

Looks like a lot of buys going through this morning, lets hope it keeps this up all day and I might be back in profit.

rise now

MATRIX I COMMANDED YOU TOO RISE WHEN AT 8.30AM THIS WAS SELL 3.9 I HELD ME BIBLE HAD A WORD WITH GOD AND UP SHE WENT NOW MATRIX COME ON GET ON AND DO AS YOUR TOLD UP YOU GO OR YOUR IN TROUBLE SO BE GOOD TOO YOUR SHAREHOLDERS K.

KEVIN88889
God says Ok..... but not until he's bought in !

Price going down! This share is up and down more times than the Mrs Knickers!

why oh why DO THEY KEEP FORCEING A WIDE SPREAD SUCH AS 20 POINTS WHENEVER THAT HAPPENS ALL BUYING IN STOPS IVE NOTICED THIS OVER SEVERAL DAYS WHEN THERES ONLY 5 OR 10 BETWEEN SELL AND BUY NICE BUYS COME IN THEN THEY OPEN UP LIKE 4.20SELL 4.40 BUY TODAY AND ALL BUYING STOPPED AND SELLING STARTED AND A COMPLETE SLOWDOWN OF TRADE THEY DO THIS EVERY DAY WHY ???????????

its called making money, they control the price and fill orders for customers in the process, I know a pain but the way of the world. The price will go up again and we have to take the ups and downs, mind you I am with Simon on his point aboout watching the price drop, while I am in for the long term it is a little annoying when you see over 20k go missing after such a good rise. Still the lng term is what we are after. Good luck to all and keep faith.

simon paynton....in answer to your question regarding freeing up shares.

Occasionally mm's get hit with a massive buying demand and I have read that in order to meet that demand they can go short....ie. sell shares they dont own to provide the shares for the public buy. They obviously have to balance their books at some point, so they then rapidly reduce the price to panic shares out of wavering sellers....hence the rapid fluctuations you see in more volatile stocks.

If i remember rightly there was an issue some time ago with Room Service, where the mms allegedly concocted a massive short with more shares than were in issue i seem to remember....obviously creating a big problem!

Thanks for the answers, that does clear up my questions.

And nice to see a nice rise today...

i still holding MXC and do anyone know what this share target price /

Depends on how long you are looking at. The first thing required is the momentum to build up and the 5p level to be broken. To do this the next interim will have to show good financials or the much talked about vodaphone deal to become a signed and done deal. IMO there is still more required to complete the company offering, they need a storage capability. The current news is good and the new additions are performing well, these are covered in previos posts, and the company is in profit. As for the price I have heard people talk about the 1 mark, I wish, as a starting point I would see 8-10p as a good result for the year, this is only my opinion and could change after the interims ( that should get some comments )which is still a good rise if you consider started at 1p...ish. Sorry not being more bullish but I like to air on the safe side.

Forgot to say all IMHO and DYOR

can someone please confirm the date for interim results!!!

many thanx

do anyone spot any news this weekend?

rkausar, I think on, or about, 26 May. Rgds & Good Luck.

According to barclays website the next interim results are due 3rd July

not too good in the morning