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??

Released Yesterday :

RNS Number:2826E
IQE PLC
20 October 2004


IQE plc ("the Company"

Holding in the Company




The Company was notified today by Scottish Widows Investment Partnership Ltd on
behalf of Lloyds TSB Group plc and its subsidiary companies, that they are
interested in 24,020,662 ordinary shares of 1 pence each in the Company
("Ordinary Shares". Of this interest, 22,039,762 Ordinary Shares are material
interests, which represent 6.98 per cent of the Company's current issued share
capital. The material interests are registered as follows:


Registered Holder Number of
Shares Held

State Street Nominees Ltd A/C XBK5 179,100
State Street Nominees Ltd A/C W39H 21,860,662

Total 22,039,762





20 October 2004



This information is provided by RNS
The company news service from the London Stock Exchange

END

Scottish Widows have sold only 3.60-3.70 million shares, the instituition that has been buying has bought nearly 15.00 million shares over the last week. Hence, the price has been up four trading sessions in a row and yesterday finished unchanged.

That is the RNS I am waiting for.

250,000 BUY has come through at 9.25 pence this morning

Large buyer who has accumalated many already....could be buying more today with the 250,000 VW wieghted buy at 9.25 pence reported so far....online buy size is the lowest I've seen in IQE for a long while at 100,000 at 9.38 pence.

Topped up with 15,457 shares this morning at 9.38 pence....as well.

Sue - can we just clarify a few things here?

1) You reckon there is resistance at 10p(from your Investech posts)

2) Level 2 has only WINS left on the bid with 4 MMs on offer

3) Scottish Widows have a huge holding and are decreasing.

Apart from some VW and T trade buys, do you have any other reason to buy at the moment?? Presumably, Scottish Widows will simply sell to match the buying, as to dump their holding in one go would be impossible without a severe scalping.

Rgds
dell

Here comes the very large buy :

938,450 BUY at 9.25 pence has come through.

Large buyer still about...more still could be on their way.

Now you know why the price has been stuck at this price for the last 48 hours....Level 2 is 1 v 4 as WINS who are alone on the bid have been filling all the large and very large buys....hence level 2 is irrelevant with the very large buys being filled in the background. With WINS still on the bid alone....more very large buys will be coming in the 9.25-9.50 pence range.


100,000 BUY comes through at 9.38 pence.

WHAT no charts Sue. lol

Investor's chronicle says it will break even by the end of this year - BUY

Another very large buy comes through in IQE :

668,450 BUY comes through at 9.23 pence....did say more were coming.

That's around 20 Million shares purchased now by someone since last Wednesday....

WINS moved down to 8.25 pence on the bid....they need more stock to fill the next million buy....its just been WINS alone on the bid during the last few days.
Next very large buy should appear.....around 9.25 pence.

Blatant treeshake on the bid to fill the next very large buy.....online bid is still at 8.66 pence which is the same as when the indicative bid was displayed at 8.50 pence.

Next large buy expected to be very big again.
The 55K seller got 8.66 on the bid and WINS are so desperate for stock that they have lowered the offer to get some peeps to sell.

Sue - why are you inventing level2 data?
It's clear that you don't actually have level2 as otherwise you would realise that EVO were on the 8.25p bid not WINS.

Once WINS took the 55k sell, they moved onto the 9.5p offer. It was EVO that was alone on the 8.25p bid(and still is).

Please don't mislead other investors...

Rgds
dell

If anyone is interested L2 at the time of this post is EVO on 8.25p bid and WINS on 9.25p offer. Other MMs all at 8/9.5

MMs really desperate for stock now...offering 8.68 pence on the bid online - best online bid price of the day.

That is a near 1/2 pence premium to the indicative bid displayed.

Sue - don't bother apologising for lying to everyone, with your invented L2.

Oh, you weren't going to!

Rgds
dell

dell, your are one very sad person, have you never heard of DYOR.

John - I'm amazed that you think lying about level2 is acceptable.

Whilst everyone on these threads has their own agenda, surely some rules of common decency apply?

I shall make a point of not believing anything you and your liar friend, Sue Helen, post from now on...

Have a nice day,

dell

Online Prices closed at 8.66-9.13 pence.....hefty premium on the bid. Next very large buy(s) not filled yet so expect it to come tomorrow morning like the 250,000 BUY this morning at 9.25 pence, 938,450 BUY at 9.25 pence, 100,000 BUY at 9.38 pence, 688,450 BUY at 9.23 pence.

At close :

Buys = 2,124,828
Sells = 247,079.

Investtech Analysis after today's close :

Weak Positive Candidate (Short term) - Oct 21, 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 support at p 7.10 and resistance at p 10.00. The volume balance is positive and strengthens the stock in the short term. 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 slightly positive for the short term.

Weak Negative Candidate (Medium term) - Oct 21, 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. 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 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 slightly negative for the medium long term.

Neutral (Long term) - Oct 21, 2004
Has broken through the ceiling of a falling trend channel. This indicates a slower falling rate initially, or the start of a more horizontal development. 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.