Recommended as a sell and maybe buy back in the autumn in Shares Magazine. Seems to be going up nicely on fairly large volumes ahead of interims on Wednesday (18.8.04). Does anybody know much about this company??

How all the Large Trades are Buys ?

Trades over 75,000 * 6 are delayed in reporting by 1 hour. The 1.25 million trade at 8.50 pence was originally put through at 15.25hrs when the offer ticked up on no buys to 9.00 pence from 8.50 pence. The 1.25 million buy was put through then which caused the offer to tick up to 9.00 pence.

Hint : always look at the time of the trades with ordinary trades to see if they were buys or sells and then when they come through compare them to what the price was 1 hour ago.

It was the same yesterday with the 1 Million buy at 7.50 pence. Trades over 75,000 = Normal Market Size * 6 are delayed in reporting by 1 hour.

Holdings in Company RNS confirmation should come next week to confirm all the large trades are buys.

With regards to the T trades, T trades are where someone has put an order in and the order gets filled during the day. So in today's instance we had a 250,000 T buy at 8.25 pence, a 500,000 T buy, 2 * 1 Million T buy at 8.50 pence.

To make it easier to spot them as buys, one needs to keep looking at the price throughout the course of the day which I did do today and yesterday. The bid price ticked up to 8.00 pence on no buys first thing this morning as the very large T buy order was being worked through in the background.

A big buy order was given to the market makers this morning and during the course of the day they filled the buy order and reported the trades as T type.

The same actions occured yesterday with all the very large buys reported yesterday and the day before.

For nearly all stocks do not go along with what you see on the trades page, as most trades are delayed in reporting by 1 hour which happens with most stocks. Remember what the price was 1 hour before the trades come through and then categorise them accordingly.

With regards to T trades, you have to observe the price throughout the course of the trading session to categorise them correctly.

Investtech have upgraded IQE from Neutral to Positive Candidate after today's close :

Positive Candidate (Short term) - Oct 15, 2004
IQE ORD 1P has broken the falling trend and reacted strongly up. For the time being, it is difficult to say anything about the future trend direction. The stock has marginally broken up through the resistance at p 8.74. An established break predicts a further rise. Volume tops and volume bottoms correspond well with tops and bottoms in the price. Volume balance is also positive, which strengthens the stock. The RSI curve shows a rising trend, which could be an early signal for the start of a rising trend. The stock is overall assessed as technically positive for the short term.

"Volume balance is also positive, which strengthens the stock".

One confirmation that all the large trades are buys, with the sentence volume balance is positive ie. lots more buying than selling.

If it says Volume balance is negative then it means there is more selling than buying.

The Long term chart is also becoming positive :

Neutral (Long term) - Oct 15, 2004
Has broken the ceiling of the falling trend, which indicates a slower initial falling rate. The stock has support at p 6.00 and resistance at p 22.00. Positive volume balance strengthens the stock in the short term. The RSI curve shows a rising trend, which could be an early signal for the start of a rising trend. The stock is overall assessed as technically neutral for the long term.

Medium term chart will be turning positive with the next tick up :

Negative Candidate (Medium term) - Oct 15, 2004
IQE ORD 1P has risen up towards the ceiling of the falling trend channel. A continued decline may be expected and the current price level may be a good exit price. Has, however, received a positive signal from the moving average indicator, thus signaling a continued rise. The stock is testing the resistance at p 9.00. This should give a negative reaction, but an upward breakthough of p 9.00 means a positive signal. Positive volume balance, i.e. high volume in days of rising prices and low volume in days of falling prices, strengthens the stock in the short term. The stock is overall assessed as technically negative for the medium long term.

I'm expecting more large buys to appear in the next trading session which is on Monday at 9 pence and higher...

True Buys vs Sells Ratio today :

Buys = 4,944,753
Sells = 722,026.

Buys outweighed Sells by nearly 7:1.

Tradeshows
IQE actively participates in a wide range of tradeshows, conferences and seminars throughout the World.

IQE will be participating in the following forthcoming trade events:
--------------------------------------------------------------------------------
EVENT LOCATION DATE

--------------------------------------------------------------------------------

SiGe: Materials Processing and Devices
Honolulu, Hawaii 03 Oct 2004

NAMBE 2004 Banff, Alberta, Canada
10 Oct 2004

Light Emitting Diodes 2004 San Diego, CA
13 Oct 2004

CS-MAX / CS-IC Symposium Monterey, CA
24 Oct 2004

IEDM 2004 San Francisco, CA
07 Dec 2004

http://www.iqep.com/tradeshows.htm

Thanks for all that SueHelen, you have been busy lady. Will hold on for this one a bit longer and see what happens. If could just get back through 9.00p.

Hi Kivver, I've bought in at 8.90 pence on Friday and expecting the price to break the 10 pence resistance next week and hopefully go on to the 15-20 pence levels in the next few weeks.

When lots of 500,000 shares and 1 million and 1.25 million buys are going through as they have done on Wednesday, Thursday & Friday last week, it is time to get excited. I haven't see these kind of trades going through together with the increase in volume for a long time in IQE.

Good news -time to blow the dust off mine then!! cheers MP

Hi Sue Helen - good to see you up there - into IQE and look forward to the rise
All the best

Moning Sue, got 50k 8.90p this AM, had them last year at 3p and sold at 16p.

Have been burnt on the hopes of recovery a couple of times with this one already.As you know getting in at the right time is everything which i obviously did not, but thought i read somewhere that chip demand had slackened and this company if i remember rightly is highly exposed to high dollar rate which has not improved much. Just dont believe the adage third time lucky.Be cautious and good luck.

Correct Figures

So far today :

Buys = 1,888,298

Sells = 95,636

Hopeful for large T buy to come later on yet....

250,000 Volume Wegihted trade reported at 9.00 pence is from this morning when the offer was stuck at 9.00 pence, two trades filled at that price so far in terms of large trades, the 250,000 ordinary trade at 9.00 pence in the morning and this volume weighted trade.

The volume weighted trade for the same amount of 250,000 shares also came through after close at 8.25 pence on Friday, 8.25 pence because that was the price it was put through in the morning.

Same with the volume weighted trade reported for 250,000 shares again on Thursday at 7.75 pence.

The volume weighted trades are buys....

The real online spread for most of the day since this morning has been 9.25-9.40 pence with one of the market makers paying a premium of 0.25 pence on the bid for stock.

The trade reported on the Trades Page for 1,240,000 at 8.50 pence and marked as a late trade is from Friday afternoon when the offer price was 8.50 pence to buy at 3.17pm. Someone bought 1.24million shares in IQE at 8.50 pence on Friday afternoon, there were many more significant buys last week.