Could ETQ's share price be soon to benefit from their developments with the new UVGI Nightingale Mobile Air Filtration Product.

New UVGI air filtration product

In November 2002, the ETQ announced its new Nightingale UVGI air filtration product, to be produced by a new joint-venture company, UVGI Systems Limited, owned 55% by the Group and 45% by Suvair Limited. This rapid response mobile air filtration unit is capable of killing the MRSA super bug and other airborne pathogens.

The UVGI unit has widespread application where there is need to keep
air free of dangerous live bacteria, viruses, and fungal spores, including
hospitals, schools, cruise liners, aircraft, food processing, and military
applications.

The UVGI unit uses a high intensity Ultra Violet Germicidal Irradiation ('UVGI')
filter, which has been designed to control harmful and dangerous airborne
pathogens, such as Anthrax, Tuberculosis, and Staphylococcus aureus, the
causative agent in MRSA. The filtration system is combined with use of high
intensity Ultra Violet light, which inactivates micro organisms by disrupting
their DNA structure.

Tests of a prototype at the Defence Science Technology Laboratory ('Dstl') at
Porton Down, the centre for excellence for the Ministry of Defence, showed that
the UVGI unit captured and/or destroyed more than 99.9% of Bacillus subtilis
spores, a simulant for Anthrax bacteria.

Since November, second generation units have been developed, which will go on
applications testing at an NHS Trust Hospital in December 2003, following
building completion of its new haematology unit. It is also anticipated the
UVGI unit will shortly go on laboratory testing in the United States with
contractors nominated by the Department of Homeland Security.

Concern seems to be hotting up on the T.V. news that the MRSA super bug is still killing and disabling people visiting or as patients in NH Trust hospitals. It would be surprising if NH Trust hospital do not notice and Buy this product before they get to many expensive law suits for compensation claims.

Definitely a stock that could soon be heading north. Worth buying in but DYOR

L.

RELATED NEWS LINKS

Sky News Sun 28th Sept 03 - NEW ANTIBIOTICS WARNING
BBC World News Thurs 4th December 03 - Hospital infections: Case studies
BBC World News Fri 5th Dec 03 - 'Superbug' crackdown is launched
BBC World News Monday 22nd Dec 03 - Superbugs lurk in intensive care
Sky News Sun 14th Dec 03 - SUPERBUG CARRIED BY PETS
BBC World News Thurs 26th Feb 04 - Superbug deaths increase 15-fold
BBC World News Mon 22nd March 04 - MRSA superbug hits more children
BBC World News Fri 2nd April 04 - Superbug outbreak in cardiac ward
BBC World News Thurs 8th April 04 - NHS faces superbug legal claims
BBC World News Sun 6th June 04 - Government 'complacent' over MRSA
BBC World News Fri 18th June 04 - Superbug deaths 'set to double'
BBC World News Thurs 1st July 04 - Holland's tough line combats MRSA
BBC World News Thurs 1st July 04 - Overcrowded hospitals breed MRSA
ITV.com Fri 9th July 04 - Mother's MRSA nightmare
ITV.com Fri 9th July 04 - 'MRSA superbug has done this to me'
ITV.com Fri 9th July 04 - Precautions you can take against MRSA
Sky News Sun 11th July 04 - WAR DECLARED ON MRSA
BBC UK News Mon 12th July 04 - Drive to fight hospital superbugs

And.....

I've done the same if not better with explaining everything since my first post here.
"
I couldn`t morally ramp such a dangerous stock to jo public" - What are you implying Snip.

Dangerous stock - this is the lowest risk stock that I hold. All my stock picks are in oversold firms.

I'm not get into a slanging match with you and waste my time. How about you start unearthing some information as well. You didn't see the broker buy note coming and when it came you were still negative...and suddenly yesterday afternoon you were all positive.

To all the etq watchers
Draw the downtrend line from the top of the chart. It is hit three times so is reliable. Extend the line and then watch the stock carefully to see if it bounces down off the downtrend, or up through the trend, when it will be in a breakout situation provided that volume is higher than normal. The test area will be at approx 6.5p mid price



ps SH I don`t do slanging matches either but neither do I ramp to suck in unaware punters

agree with snip cant see how anyone can say this is in a uptrend 1 day rally? uptrend not at the moment.cheers woodie

snip
just popped into an internet cafe to have a rest from the beach and blazing sun ( and the kids ).

it is a common misconception that when someone wins on a stock, another loses. that case could be argued for a stock such as this, but is generally not true. a share that forever varies between , say , 3p and 5p and never breaks from these prices ( up or down ) would be a candidate. if you look at share prices for a stock over a year for example, there are often long up or down trend periods.

snip
I see you have updata TA. Would you recommend it as it is quite expensive and also there courses. Many thanks

merseyside it is the BEST charting software I have ever used. I actually went on a course two days ago with David Linton, Jeremy du Plessis and Marc Rivalland. Expensive? well that is relative because the software makes it easy to pick out stocks and trades via the optimiser or highlighter tools. I can make the years cost (of realtime) on one good trade. It is incredibly reliable and easy to use with support second to none. I would not be without it. If you want to know more then please start a thread because I appreciate that we are off topic. ps it did (via obv) forecast a drop in BSY and that was picked up during the course. www.updata.co.uk they are very obliging phone up and ask for a free trial (no harm in asking)

re ETQ. It is an eratic stock with not that much data so chart interpretation is down to the skill of the operator rather than automatic signals

Hi Woodie, Is it the below statement posted by Snip yesterday afternoon that you agree with?

"I have bought now. All indicators are screaming buy and the necessary retracement has happened"

SH it isn`t grown up to use wooden spoons. I will qualify my statement by adding `short term `in front of indicators. Post 182 is now duly modified and more instructive

As you probably know indicators can vary according to the timescale. MACD and other indicators such as STOCHS are lagging indicators whereas RSI and OBV can be effectively used as foreward indicators provided that the reader is aware of various techniques such as positive and negative divergences from the trend. The primary trend is down hence my caution to those who are tempted to jump in and hold. The secondary trend is up from only june this year. It is very much a case of BUYER BEWARE and be awake or at least use a stop loss

That's better then Snip, as your post yesterday was sounding more like a ramp with nothing to back it up. Please look at all my posts since last week and tell me which you think are a rampish nature and you do know I was spot on as well even though your TA was saying something altogether different compared to mine last week. After putting the hours in digging valuable information which not everyone can find, I don't know how it can be called a ramp.

snip
just to say thanks for the advice

sh it is my own view,with all the good news in the market at the moment it is a weak stock as stated before 1 up day ,looks like another red day today.cheers woodie ps downside looks limited.

Thanks for your input Woodie.

5.50-6.50 pence, MMs couldn't get any sells first at 6.25pence, then 6.00 pence, then 5.75 pence this week and are now trying to get some stock back at 5.50 pence as buys outweigh sells again today for the fourth consecutive trading day. They have to balance their books and buys (see trades page from Monday) have totalled about 10 million this week compared to about 3 million sells this week. Let's see how low the offer goes. Keep an eye on the offer price!
Another pointer with regards to lowering the bid, they desperately want stock back. Online bid price is stil 5.88 pence.
Unless there is some news to come, like a mention in IC tomorrow. A 1 pence spread must mean something.

Each to their own peril though. The above is just my view.

Another pointer : Level 2

4 vs 4

All square!

All MMs are on the same bid and offer. Some news or mention in IC could be coming. Not seen 4 v 4 on Level 2 for ETQ before.

SueHelen - have seen a couple of times you mention that the mm's have to balance their books. I don't think they do - they can, and often do, hold long or short positions for extensive periods (many months)

my broker is now offering etq at 6.20

sh thanks for your polite responses to my posts,with the amount of time you have put into the research of this stock regardless of other peoples view you deserve to come out quids in.cheers woodie

SueHelen

Thanks for the large post of last night. I can see why you feel the way you do and agree with Woodie the amount of work you put in you deserve to come out on top. Too risky for me though. I think that for hospitals to have complete protection they will have to buy a lot of units. As they are a stand alone unit and about the size of an american fridge there range of cover must be limited, hence more will be required and with a cash strapped NHS who knows.

Any product that can clean up our hospitals and get rid of that awful MRSA bug has got to be good news. I really do hope they succeed then everyone is a winner not least of all the patients.

My do dars are'nt big enough for this one but any one holding good luck.

mickeyskint

ps. sold aal short by 45p I all ways do this, any advice on when is it good to get out would be appreciated.

Snip

Will check out your way of handling risky stocks and tap into thread HSD.

Re : my previous post. Last 45 minutes of trading....3 out of the 4 MMs were supporting the 5.50 pence bid in that they were ready to gobble stock at the this cheap bid price, they were not getting sellers hence one the MMs lowered the offer to 6.25 panic holders into selling - (Level 2) which still didn't work.
Incidentally, Level 2 closed very strong the best it can be at 3 v 1.

Buys outpaced Sells again today for the fourth consecutive trading day. With regards to the MMs actions, one just has to look at all the heavy buying this week especially on Monday at prices of 6.10 pence and above and look at the size and amount of sells that were going through.

There were no sellers at 6.25 pence, 6.00 pence, 5.75 pence and now the bid if at 5.50 pence and no sellers have appeared. This strengthens the stock in that when the price is rising we have high volume days and when the price is falling we have low volume days.

Conclusion :

One has only to look at all the heavy buying this week especially on Monday and the peanuts selling which has been 100K or less on the other days. Something is definetely brewing here having witnessed level 2 this week. Each to their own and all that.

Hi Mickey, thanks for your input (& comments Woodie, Hotei). I have not been following aal so I can't make any comments just yet on that. I could try and have a look at it for you this weekend if you like.

The size of the Nightingale Units :

I emailed the CEO of ETQ asking if they have considered producing a smaller version of the Nightingale, and I've now had a reply. Well it appears there is a complete product range (and not just the one in the picture (website)) currently being marketed by N.Q. Environmental U.S.A. Here is the relevant part of the email:

"With regard to smaller versions of the product, we now have a complete product range on offer having signed an exclusive distribution agreement with N.Q. Environmental U.S.A.
They give us the opportunity to sell units as small as TV sets. Already N.Q. Environmental have sold and are selling the Nightingale unit in the U.S.A."