IQE is the leading global outsource supplier of customized epitaxial wafers to the semiconductor industry.

Their technology is of most advanced like AFM means Atomic Force Microscopy and moves a minuscule cantilever over an objects surface, a sharp tip passes over dips or rises punched in the surface and reads out digital information. This technology is not going to slow down it is going to speed up and has to replace most existing forms of memory storage by virtue of capacity and size.

The future of nano-technology, these tiny/minute robots would need very small processors and most sure strained silicon could provide these.

The low share price is due to uncertainty as to when the cash will run out, but I don't think this will happen as cash is of 12 to 15M and NAV of 30p, and losses are going to drop on the next 3 month and we could have profits on the Q4 2004.

Latest news from the Chairman were" The Group remains confident that it is in a strong position within the outsourcing market, although the protection of its cash position is paramount.
With a broad product portfolio allowing the customer base to use IQE as a 'one stop shop', a large available production capacity and a strong balance sheet, the Board believes the Group will benefit strongly as the overall semiconductor industry recovers and will continue to strengthen its position as the leading outsource supplier of advanced wafer products to the sector. "

Nearly all the recent results have been encouraging. Q4 accounts are being completed (30th Dec 2002). IQE know where they stand, if things had got worse their would have been a trading statement by now, and with Amberwave (IQE's partner) increasing its Asian presence, this is a bullish trend and a good point to pick up the shares @ 4.25p

Intraday

5 month MA and Indicators

The last time this pattern happened it took 12 days to change tack, end July early Aug.

This started around the 18th so could be expected to finish anytime soon.

Further bounce this morning to 26.25p

Looking at top thread chart, Indicators are now risng after being at oversold due to the drop

Charts, support lines, AT trades; whatever happened to strolling up to a jobber in your pin stripe shirt with stiff white collar and asking 'what are IQE, please' while trying to read his book upside down to see if he was long or short.

And then nipping over to Slaters for a swift one.

Moving higher today ( market lower ) after yesterday's mark down

All back in at 23 1/2 then?

Second day bouncing from 23p bottom this time, should be the low this time considering it has lost 2/3 from high.
or in other words 61.8% fibonaci retracement bullish on the TA

High of 32p
low 18p

If there was a category for underappreciated stocks, I reckon this baby would be in the top 10!!

Include SUMM as well.

May be my share for 2014

Which one are you referring to ?

Iqe, Big recovery in 2014 - most overlooked growth stock. Tips for nxt yr will feature this co for sure

Yes, it does seem as though we are waiting for yet more evidence before the message hits home. There are no doubt shorters at work at the moment.

Bought more this morning, and I'm going to sit through 2014 and watch as I get richer and richer aaarrrggghhhhh

BR will w ant to close their short soon, triggering a big move upward. Risky to leave it to TU in January

I wish I shared your optimism.

Will it go for double bottom 18p?

TA is Negative at the moment
50 days MA is heading for a crossing down 200 days

Support at 20p and 18p.

Looks like sell volume is bigger today than buy volume cant tell really with the AT trades sometimes being on the wrong side as displayed by money am.

Watching carefully for an entry point.

The joke in all of this, if that is the correct word, while the stock continues to fall, practically everyone rates it as a strong buy !

Today might just be that turning point.

Strong Buy, have bought some more this morning as feel it's hit bottom, good trading share as the product and their market is misunderstood by most (PIs easily spooked) with a long term core holding target of 45 next yr.