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??

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.

73,838 BUY comes through at 9.15 pence...
And we gone blue.......with 9.50 pence on the offer
Next set of T buys may get filled at 9.50 pence now......they've come at 7.75, 8.25, 8.50, 9.00, 9.25 pence in that order since last Thursday.

Online buy limit reduced to just 150,000 shares now at 9.30 pence. Normally its always between 250-350K as a standard. Expecting a large T buy to come towards close again today.

Buyers not about as much as yesterday thus far but no sellers about as well....they haven't really been any since couple of weeks ago. Strengthens the chart and keeps the volume balance positive. Not much movement up today but the price has been up for four trading sessions in a row albeit not much in terms of percentage rises though the engine has been warmed up before the big surge in power.

Online Prices and Quotes :

8.62-9.30 pence, 150,000 both ways.

Investtech Analysis after today's close :



Positive Candidate (Short term) - Oct 19, 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. Volume tops correspond well with price tops, and volume bottoms correspond well with price bottoms. This strengthens the stock. RSI is overbought, which indicates a potential short-term reaction down. 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.

Neutral (Medium term) - Oct 19, 2004
Has broken the ceiling of the falling trend, which indicates a slower initial falling rate. The moving average indicator has given a positive signal. In isolation, this signals a continued rise, but the slowness of the indicator often means that one has lost much of the upside. The stock is testing the resistance at p 9.00, which may give a negative reaction. The stock is overall assessed as technically neutral for the medium long term.

Neutral (Long term) - Oct 19, 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.

This bit is nice, we're officially into a rising trend nearly, with the price blue in four trading sessions in a row :

"The RSI curve shows a rising trend, which could be an early signal for the start of a rising trend".