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??

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.

Big shake by the MMs before close....bet its got something to do with more T buys...
The MMs first tried to get stock back at 9.25 pence this morning, then long period at 9.00 pence, then treeshake with the bid dropping to 8.50 pence on nothing.

Around 250,000 in sells today against 1.90 million in buys says it all. But the MMs can't move the price forward (up) until the T buys at set prices are filled.

Not working for the MMs, still no sellers about.

I said it was coming, here it comes, 250,000 T buy comes through at 9.25 pence.

Agree with willfag about the effects of the dollar. But this is a company in recovery with improving profits. The fundamentals are better now than 5 months ago so it is only natural the sp should improve. All the other info suehelen has given should also help the price.

250,000 Market Maker buy just comes through at 16.43hrs at 9.25 pence.
Interesting, bet they've bought the stock in advance for one of the larger buy orders again tomorrow.

At close :

Large Buys reported today :

250,000 T Buy reported at 9.25 pence
250,000 M Buy reported at 9.25 pence
250,000 O Buy reported at 9.00 pence
250,000 VW Buy reported at 9.00 pence
200,000 Buy reported at 9.43 pence
105,300 Buy reported at 9.44 pence
100,000 Buy reported at 8.95 pence.

Correct Figures at close :

Buys = 2,419,726

Sells = 246,302

Volume - 54 Trades reported today, very high number for IQE.

Investtech Analysis after today's close :

Positive Candidate (Short term) - Oct 18, 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 broken up through the resistance at p 8.74. This predicts a further rise. In case of negative reactions, there will now be support at p 8.74. Volume tops and volume bottoms correspond well with tops and bottoms in the price. This strengthens the stock. RSI is overbought. The stock can still rise further, and we should see a decreasing RSI before this is used as a negative signal. 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.

Weak Negative Candidate (Medium term) - Oct 18, 2004
Has broken the ceiling of the falling trend, which indicates a slower initial falling rate. Has received a positive signal from the moving average indicator, thus signaling a continued rise. The stock is testing the resistance at p 9.00, which may give a negative reaction. The stock is overall assessed as technically slightly negative for the medium long term.

Neutral (Long term) - Oct 18, 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, 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 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.

All good on the chart front, once the 9.00 pence and the 10.00 pence resistance are broken it will be all systems go. Nicely poised at the moment.

Upper Bollimger Band beginning to turn upwards - indicating a change in trend - positive :

Looks like it gonna shoot, SueHelen

Hi hlyeo98, very soon I would think, once all the large buys are filled at this level, we had another 5 * 250K buys filled today at 9.00 and 9.25 pence and a 200K at 9.43 pence.

Hi SueHelen,
Do you think IQE's nanotechnology will be coming out in use and demand soon? If it does, IQE will be rocketing...

Good turnaround on the US markets tonight, bodes well...Dow Jones was about 50 points down when our markets closed compared to closing 23 points up and NASDAQ was only up 5 points when our markets closed compared to finishing up 25 points :

Wall Street - U.S. stocks end higher on retreat in oil prices - UPDATE 12

NEW YORK (AFX) - U.S. stocks ended near their session highs Monday as
investors gleaned some comfort from a retreat in oil prices from record levels,
but 3M's weaker-than-expected third quarter results cast a shadow on the outlook
for corporate earnings.
The Dow Jones Industrial Average was up 22.94 points, at 9,956.32, reclaiming
all the ground lost as the blue-chip barometer touched an early low of 9,861.63.
Within the Dow, 3M was the biggest percentage decliner, sliding 2.4 percent, on
the back of its earnings miss and the profit warning it issued for the fourth
quarter.
Other notable fallers include Boeing down 1.2 percent and United Technologies
off 1.8 percent.
Moving higher, American International Group rose 3.2 percent, buoyed by an
upgrade from brokerage Legg Mason.
IBM added 1.3 percent ahead of its results after the market close, while
Wal-Mart gained 0.7 percent after it reiterated its same-store sales forecast
for October.
The Nasdaq Composite Index rose 25.02 points, to 1,936.52, while the S&P 500
index climbed 5.82 points, to 1,114.02.
The small-cap Russell 2000 index was up 0.5 percent.
"We're really going to have a tug of war between the earnings results and the
energy prices keeping us on our toes this week," said Art Hogan, chief market
strategist at Jefferies & Co.

SueHelen, do u have any advice on which share to buy lately?

When the Holdings in Company RNS comes with regards to who's been doing all the buying yesterday and last week, that will be the catalyst for the price to break 10.00 pence...

Positive comments from ARM as well today :

ARM's CFO Score sees revenues rising 20 pct in 2005

LONDON (AFX) - ARM Holdings PLC expects to achieve revenue growth of 20 pct
next year as the UK chip designer's ARM11 continues to gain popularity with
semiconductor makers, according to chief financial officer Tim Score.
"The market numbers for 2005 are for growth, in sterling terms, of around 20
pct and we see no reason to change that at this stage," said Score on a
conference call with analysts.
The group's ARM11 designs -- used in next generation mobile phones, digital
cameras and other wireless devices -- would underpin growth in 2005, according
to Score.
"The initial ARM11 license growth was driven by leading-edge wireless
semiconductor companies, but its is fast becoming a mainstream product," said
Score.
Score's comments came as ARM reported slightly better-than-expected results
for the third quarter, during which it signed 5 licenses for its ARM11 designs.
"ARM11 licensing is making very good progress and royalty growth is all
about penetration into markets other than just mobile handsets," he added.
ARM licenses its technology to chip makers, who pay a one-off licensing fee;
it then receives a royalty payment each time a device based on its technology is
sold.