Results out 6/12/2007/ Promises are positive.

Projected earnings are reasonable.

But DYOH

i think, but not absolutely certain, that i saw a comment in the press they could be a t/o target - good solid stuff i'm afraid!

Yep saw that cyners cheers. IBM and microsoft were mentioned but it also came up on my screener this weekend aswell.

not as thick as usual then - me, not you!
bought a few today and also UBM ..... have been in both in the past

hmmm UBM no resistance until 750p.

Im checking it out, cheers cyners.

TA pro chartist Zak Mir had this to say of MCRO yesterday after the close.

Zak Mir



Reged: 28/06/07
Posts: 1436
Re: MICRO FOCUS (MCRO)
#471736 - 25/10/10 05:53 PM Edit Reply Quote



Despite the fall today, while above the chart gap floor of 385p the upside for MCRO and a possible 448p 200 day moving average target is possible over the next month.

Micro Focus International ST: the upside prevails as long as 382.75 is support
25 Oct 2010 - 09:59

Click here to see our chart:
http://www.tradingcentral.com/chart/MCROGBp101025105717.gif
Our pivot point stands at 382.75.
Our preference: the upside prevails as long as 382.75 is support.
Alternative scenario: the downside breakout of 382.75 would call for 356.5 and
340.75.
Comment: the RSI is above its neutrality area at 50. The MACD is above its
signal line and positive. The configuration is positive. Moreover, the stock
is above its 20 and 50 day MA (standing respectively at 382.68 and 349.87).
Supports and resistances:
476.25 *
460.25 **
444.5
404.9 last
392.75
382.75 **
356.5 *
---
TRADING CENTRAL is a commentary service specialising in technical analysis.
For sales enquiries please call your Reuters account manager or TRADING
Central
by phone: New York (1) 212 812 2400 Ext 29, London +44 (0) 207 429 3980 or
Paris (+33) 1 5528 8040

What a nosedive this has taken....ouch !....used to be a darling of the stockmarket.....not so now !....

made a bit on these in 2010 from memory, but sure as hell happy i'm not holding now!

Surprising really....I bet a lot of people in the city will not be happy...

Easing sedately upwards this afternoon.

Suggests the drop could have been, indeed, overdone.

PG and PH have this morning announced an upgrade for MCRO from Hold to Buy.

Might get it over the 300 barrier this afternoon.

Micro Focus International plc

Response to press speculation



In response to recent press speculation and share price movement, the Board of Micro FocusInternational plc ("Micro Focus" or "the Company", LSE: MCRO.L) confirms that it has received a very preliminary, non-binding approach in relation to a possible offer for the Company.

The Board is currently considering its response to the approach. There is no certainty that any formal offer for the Company will be forthcoming nor as to the price at which any offer might be made.



As a result of this approach the Company is suspending its buyback programme until further notice.

We live in interesting times.

Now a question of the take out price.

450, do I hear?

be very very careful
the approach is currently tentative and even if a bid is tabled, it is worth remembering that many fail to conclude

%%0!!

Nice to see you again.

How are ye.

Indeed. On the other hand, the move may prompt others to enter the fray.

As always DYOR, reach your own conclusions and act upon them.

OK thanks, Fred. Nice weather for the time of year!!!!

my conclusion is to leave alone though if i was already a holder at a (much) lower price i just might add a few

Anyone looking at this might care to check on-line max buy/sell sizes.

Selftrade earlier cut back to 2250 max to sell, now down to a beggarly 500.

Buyers beware! Or is it a neat "mind game" playing way of discouraging new buyers??????