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

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.

I neither agree or disagree re the prospects of IDN.

You have no problem in generating arguements whatsoever, basically because you are a bigot. If you don't know what it means look it up.

pth

No. You are wrong about the bigot part. To be a bigot, the prime requirement is being intolerant of others' views. In fact I am very tolerant. I don't mind what your views are or if you express them. I don't even mind when you are down right rude. I am biased though. Show me an unbiased person and I will show you someone with no opinions.

While we are discussing the meaning of words, would you like to correct your continual spelling mistake -arguements.

Bigot - person obstinately or intolerantly devoted to his or her own opinions and prejudices

1. You are obstinate
2. You are devoted to your own opinions and care little for others
3. You are prejudiced against telecom companies.

The cap seems to fit, I think you should wear it. Seem to have touched a nerve here.

Yes we are discussing the meaning of words, not the spelling. I guess you are grasping at straws now, what next - grammar? Oh, and by the way, you also make spelling mistakes, I just haven't bothered to paste them. Too petty for words, even incorrectly spelled ones :-)

pth

Yes. The most important part is 'intolerant'. I am not intolerant of your opinion or any others. I just dont agree. Obstinate seems to me to me to be an inappropriate description as I have not seen a convincing argument in favour of IDN yet, so it would be difficult to tell if it would change my mind. I am not prejudiced against telecom companies. I think you would find it difficult to demonstrate that I have posted negative comments about any telecom companies apart from EVS, which went bust, and IDN, which hasn't and looks unlikely to.

However my opinion of IDN has not changed yet. I am still bearish about it. Time will tell if I am right.

okey dokey ;-)

A solid bounce off support at 2p once more. The most recent downward trend established in Jan looks like it may just have been reversed, constituting something of a breakout. Interestingly there is clear divergence on the MACD histogram, again dating from Jan. If it can get through 2.3p on good volume then a new trend may be established rather than this trading sideways business.

pth

The support at around 2p is quite strong. It is just as well as there is not much below that to support it. The downtrend is still there though and it would need to stay above 2.35p for some time to change things. But charts aside, I don't fancy their prospects much anyway.

Haystack, you spend an awful lot of time watching this share when you don't fancy their prospects. I respectfully suggest that your time would be better spent on shares you do fancy in order to uncover investment opportunities.
Many must feel like you, which is why the share price is depressed......others might consider this a bargain at the current price and worth the risk.

Rod, err, Haystack doesn't appear to fancy the prospects of any company. I'm afraid he is rather well known for his negative postings and inability to back up any of his ARGUMENTS with facts. Mind you, look on the bright side, IDN's SP seems to be improving somewhat and if I was in the habit of catching falling knives, the TA does have some encouraging aspects.

Good luck old bean.

pth

Pete, I hope this is not a falling knife situation, which is usually accompanied by negative news flow, but promises of better to come. Newsflow from this company over the last 6 months or so has been increasing positive, as are the results. If that changes, I shall be out.............Rod

Higher volume today and the price is rising!

Onwards and upwards to the trading statement in Nov.......... I hope! The financial year ends Oct.31st.I need this one!!!!

Looking good ..........!!!

Still looking very over-valued. In fact as it rises it looks even more over-valued.

Haystack, in that case it will look even more over valued when it reaches 3p+!