The chart for this stock says it all.

The company is quickly becoming a real gem in the telematics field, over the last month the co. has announced re-seller contracts which will bring in min. 2m or >30% of last years T/O alone.

The company is already experiencing massive organic growth so the co. should be profitable now following last years 500k loss.

The co. has approx. 6m cash and is in one of the hottest growth areas at the moment.

With a market cap. of 25m this will be re-rated x2/3 minimum within the next 6-12 months IMHO.

MM buys went through on Friday with T/O continuing to build, one to put on your monitor...

News I just got:-

London Markets slip back after US declines 11/5/2003 6:10:36 a.m --Diff zone

...............traders thoughts were also turning to the Bank of England
two-day meeting to set Interest rates,which begins today.The market is pricing
in a 25 point rise,to 3.75 per cent,when the decision is announced on Thursday.

More news e.mailed to me :-

FTSE 100 slides on rate rise jitters......about economy recovery faltering
if interest rates begin to rise.

10.26 a.m.
Down 30.4 /.7 per cent @ 4,299.7..........expected Bank of England interest
rate rises.

Please note above is objective news and not my opinion either way.

Thank god for L2!

@13:49 1 MM @ 3.05 bid/3.55 offer
@14:10 3 MM @ 3.4 bid/3.9 offer

All change!

@13:49 1 MM @ 3.05 bid/3.55 offer
@14:10 2 MM @ 3.4 bid/3.9 offer
@14:15 1 mm @ 3.45 bid/3.95 offer

All change!

@14:10 1 MM @ 3.4 bid/3.9 offer
@14:22 2 mm @ 3.25 bid/3.75 offer
@14:28 1 MM @ 3.20 bid/3.70 offer

Last Post!

Where do you think this L2 data points little woman?? Sorry not much experience with L2 data.

With such a relatively large split (compared to previous days) it seems that it is trying to panic people into selling, whilst putting them off from buying with the bigger split.

Maybe market makers have large orders to satisfy come results day next week and are forcing the price down to achieve this? Maybe it is just pure profit taking?

They are trying attempting to get cheap shares - hence bid prices getting worse but offer prices are rising, (spread increasing), so mid price not actually going up, but trying to get more profit by making people panic into buying.

thanks for that, looks like we are in for a few interesting days, hopefully profitable ones!!

LW whats the buzz on l2 today?

Hi,

I am thinking of buying now as they are so low i.e.I doubt if there will be
much more downside.Opinions welcome.

ajren
I sure hope you are right matey, i cant see them dropping further from here but then again i would have said that yesterday morning and the morning before as well.
The results and news of new contracts will hopefully trigger the up side but when will the news come.....how long is a piece of string
Cybit office are still remaining close lipped about either and refuse to confirm the rumours that prelims will be published in november

i aslo want to buy some more, but not sure is it now low enough?

Interesting replies i.e. they might go lower.
1p difference to me is HUGE both ways

After the early morning drop for the 2nd day in the row, they seem to be heading upwards?

ajren,

Why do you have a feeling that the price might go lower?

There are now almost equal amount of buy & sell.

As I can't read ajren mind ----- but the amounts of buy & sell you see are misleading. I think the bid price is rising because the MM want to buy more shares. Which is also why the spread is decreasing - as they want in the short term to keep us buying, so that when they have enough shares, they will increase the spread by raising the offer price and leaving or lower the bid price and make their profit. Off course I could have read what the MM are doing with the prices completely wrong.

Dont forget when the MM buy, we/brokers/other MM sell and when the MM sell, we/brokers/other MM buy.

can anyone confirm(100% sure) the result date?
thanks.

No one can be sure as this company has never announced the date in the past. You'll find out when they post the interim results!

See my post 51 of 77!

lol me thinks its time to start a new thread, entitled, how to read a thread.......at least i can always be assured of a good laugh around here even when my portfolio is heading down the swanny.