Today was a gift to conspiracy theorists, but it demonstrated conclusively that the ca. 11.5p S/R level has effectively been destroyed. That has the implication that-

Support is now just below 9p.
It won't take huge volume to get back above 11/12p.

The other implications concern the reasons for today's price action and the possibility that similar events could occur again.

support now resistance 14.5

15p has been resistance since early July. It was then I sold the day after the RNS. The 200day EMA is sitting at around 14p now and that will take some breaking. Mind you, I said that about 11.75p.

Application Conference.

This is happening today
http://www.sdexpo.com/2004/bp/mbip_techsessions.htm

We may get something from it, do I hear a Motor starting??

M

Follow link and see Stream Theory on Left hand list of sposors for this event.

http://www.softsummit.com/index.html

M

Tad:
Made less than 6 figures today. Moribund.

Tad looks to have fallen out of a (relatively) small triangle and is heading back to lower support. Nothing is settled until a close outside the triangle happens, but the volume thus far today suggests it is likely.

It shows up well using the 1 or 2 month HLC chart.

Circular being sent out today. See RNS 13.47p.m

I posted yesterday that the announcement probably compromises the triangle hypothesis. Unfortunately, it doesn't seem to have been received by Moneyam.

The trade which appeared to break the triangle by rising above the apex was a single 11.42p buy of 10,000 shares: well above the prevailing price. Apart from that, the scenario still looks intact. With a 'well-known trader' turning strongly bearish, Monday should be interesting.

Looks like moneylender has sold all his Tadpole shares.

Why does it look like that?
In fact i have bought some more.
I am an investor not a trader and am looking to the future with this stock.
We are in the right place at the right time we have the technology to be an industry standard, and if the projected numbers are anything to go by it will be a big industry.

M

I'm sure you are aware that a certain friend of yours is deramping
the stock now moneylender, you cannot be best pleased about this?

Lots of people have a change of heart, some have different objectives/timescales to others. I have stated where i think this Co is going and have put my money where my mouth is. If anyone disagrees with me thats fine, its afree country and it would be a boring place if we all thought the same.

M

Fair points but your friend surely should stop deramping
the stock as you hold a lot of Tadpole stock dont you?

I know larger holders, I know smaller holders, its all relative. As for rampers/de-rampers its all a matter of prospective. If you believe in the Co then you are enthusiastic if you dont believe you sell. QED

M

Re: Volvo IT Adopts Endeavors' Streaming Software Technology for Schools and
Colleges

Please be advised that the following announcement will be issued today to
business and technology editors in EMEA (Europe, Middle East, Africa), and
North America.

Sincerely,

Hugh Paterson
Patcom for Tadpole Technology plc

As i say you either believe or not!!!!



M

Good post moneylender. Hopefully this will reverse the direction of the sp

We have fulfilled the triangle price prediction.

This is probably not ascribable to TA, but rather to people's responses to the document. There has been considerable discussion of the details elsewhere, but no concensus seems to be emerging.

Indie - I am not truly TA literate so could you tell me what happens once the "triangle" has been formed - do you expect the price to stay within a narrow channel until positive/negative news sets the new trend? Cheers.

Now that we finally have the deal details in the public domain, the Directors can concentrate in signing off the backlog of deals and contracts I am sure have built up.
Todays news of the Volvo deal is an example.

M