IQE is the leading global outsource supplier of customized epitaxial wafers to the semiconductor industry.

Their technology is of most advanced like AFM means Atomic Force Microscopy and moves a minuscule cantilever over an objects surface, a sharp tip passes over dips or rises punched in the surface and reads out digital information. This technology is not going to slow down it is going to speed up and has to replace most existing forms of memory storage by virtue of capacity and size.

The future of nano-technology, these tiny/minute robots would need very small processors and most sure strained silicon could provide these.

The low share price is due to uncertainty as to when the cash will run out, but I don't think this will happen as cash is of 12 to 15M and NAV of 30p, and losses are going to drop on the next 3 month and we could have profits on the Q4 2004.

Latest news from the Chairman were" The Group remains confident that it is in a strong position within the outsourcing market, although the protection of its cash position is paramount.
With a broad product portfolio allowing the customer base to use IQE as a 'one stop shop', a large available production capacity and a strong balance sheet, the Board believes the Group will benefit strongly as the overall semiconductor industry recovers and will continue to strengthen its position as the leading outsource supplier of advanced wafer products to the sector. "

Nearly all the recent results have been encouraging. Q4 accounts are being completed (30th Dec 2002). IQE know where they stand, if things had got worse their would have been a trading statement by now, and with Amberwave (IQE's partner) increasing its Asian presence, this is a bullish trend and a good point to pick up the shares @ 4.25p

Intraday

5 month MA and Indicators

required field-bit of a change of heart between 2/1 and 8/1? ,mind you better than ,if you feel that way, than burying head in sand

120p on the cards?

There is still that gap @90p in July.........

Seriously, are you expecting it to get that low?

To close that gap @ 85p(ish) would be a serious drop,hoping it shows well oversold before it get"s anywhere near. :0)

I thought the late Sept low of 120p plus the support from the 200 MA might give the sp a recovery point.

Just a reminder what Dr Drew Nelson, Chief Executive of IQE, said 3 weeks ago:

"I'm very pleased to confirm that IQE is on track to achieve record
financial results in 2017. The adoption of VCSELs in the mass market
has been a key revenue driver in the year. IQE has built a strong and
sustainable lead in this complex materials technology. We see VCSEL
being a long term growth driver for the Group across a diverse range of
applications including sensing, LIDAR, optical communications,
industrial heating, machine vision and heat assisted magnetic recording.

"VCSEL is just one of many advanced materials technologies that IQE has
developed which will drive continuing growth in the near and mid term.
IQE has created strong differentiation in the industry through its broad
portfolio of materials technologies and it ability to scale and supply
reliably in the mass market. Combined with our recent fund raising to
pump prime our expansion, IQE's outlook is for strong, diverse and
sustainable growth"

Harry - you are probably right - my comment was slightly tongue in cheek as I have a 'thing' about gaps being filled.

never have your tongue in cheek when you are at the dentist to have your gaps filled!!!
lol

am still waiting to get in again though

I'm probably not correct, skinny, though there is a gap on the way up also.
I wonder if the shorters have the same target of 85p?
Lots watching, but down we go again!

Deutsche Bank today initiates coverage of IQE PLC (LON:IQE) with a hold investment rating and price target of 140p.

Barclays

The chart is a classic "head and shoulders"......!.....if you spot this ahead ...you can sell out.....

Blue sky to 150p next

The expected 120p was reached
a couple days sideways
now time for the up

Much the same this morning moving higher ask price 128
but what price at the end of the day?

managing to keep the gains today and finishing above 130p

i see the hedge funds are getting well stick in as shorters here
i wonder if they have good cause or just being spiteful ..... i'ld like to think the latter of course

Yes, declared short interest now 10.7%
If it drops again will be interesting to see if the 200 DMA holds.

Feel like Tom Jones in "the voice" -shall I press or not!!! decisions decisions