A new thread for Cambridge Silicon Radio, a bluetooth play for 2004.

Cambridge Silicon Radio Holdings Ltd, the Bluetooth technology group that is about to list on the London Stock Exchange, said its offering will be priced at 160-200 pence a share.

The indicative price range corresponds to an offer size of 54-68 mln stg and a market capitalisation for the company of 192-239 mln stg after flotation.

CSR designs and manufactures single-chip radio devices - focusing initially on solutions for the 2.4GHz Bluetooth personal area networking standard. The background and experience of our development team give CSR a unique advantage to help OEMs exploit the new wave of wireless networking, allowing us to offer the most highly integrated single-chip Bluetooth solutions, which are based on commodity CMOS technology with all its inherent advantages.

www.csr.com

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CSR, which has secured over 70 mln usd of funding from a number of investors including Compaq Corp, Philips Electronics NV, Sony Corp, Intel Corp and 3i Group PLC, was founded in 1998.

The company claims on its Website to be the world's leading provider of Bluetooth, accounting for 60 pct of all Bluetooth end-products.

Bluetooth is a low-cost, short-range radio link between mobile PCs, mobile phones and other devices, enabling users to connect a wide range of devices easily and simply, without the need for cables.

Excellent PT thanks pal and I hope you enjoyed a good swipe yesterday.

Blimey and as if by magic the both down trendlines have been taken out intraday and knocking on the door of 8 resistance. Just been having a look at L2 and there are quite a few sell orders on the book at just under 8, so obviously quite a few traders think that this is a good shorting level; understandably so given historical failure at this level. Will take a bit more momentum to break through.

Have been watching L2 order book for the last hour, looks like 8 might be coming under pressure?

interesting stuff; there was a 20000 sell order sitting on the book, the minute the SP closed in, it was pulled, the MMs have also retreated on the Sell side opening up the book to 8+

Blimey, PT, if this holds!!!! Volume doesn't look great though.

Looks like the sellers reappeared at 8, you don't have to be a rocket scientist to work out that this is a very significant level at the moment. For a few minutes though I thought the bulls might push it through. To answer the comment re volume, you can see from the chart below that volume levels are on the increase (OBV). Something I didn't mention on my previous analysis is that if the SP does continue to rise, a Golden Cross may be on the cards (50MA cross upwards through 200MA whilst both MAs rising). This would bode extremely well for the future.



pth

thanks for all your input PTH .... no great surprise that 800 proved a bridge too far at this juncture ... indeed, i would rather sp took this step at a steady rate rather than at a gallop, for such have a nasty tendency to be short-lived ...... ceratinly very happy with my investment at the mo!

Something of an update following today's activity.

Unsurprisingly resistance at 800p was a step too far, although it was a good attempt for a little while. If ever there was level to short a stock that was probably it, but I imagine it wasn't only shorters but profit taking on what was perceived as a major obstacle. The importance of the move is that it was accompanied by an increase in volume. What is also apparent is that the downtrend resistance although pierced has yet to be broken. If I had to hazard a guess I think it will take a few days or so for this particular resistance to give up the ghost, become support and then in conjunction with the uptrend support, form a platform for a credible assault on the 800p level.

pth

can't fault your judgement m8 .... that's why i am very happy to have bought the other day

I can confirm that Apple's new iPhone contains a CSR Bluecore-4 ROM WLCSP device for its Bluetooth capability.

Looks like she's having another go!!

now for a little fun! ...... will sp now hold above 800? ...... are there some automatic computer trades about to come in either as buyers or to close down shorts?

Cynic, indeed, fingers crossed.

800 just about held from a high of 818 ...... all in all, not a bad result for the day, but the break needs to be decisive, so tomorrow quite important

Two charts tonight and a few comments. Quite surprised really that CSR had another good go at 800p today, but a word of caution, look at the volume. Expecting a small pull back tomorrow, but the good news is that the downtrend resistance has been breached and as hypothesied previously should now become support and provide a base for a real go at 800p. So no real change on the first chart.



The second (and I didn't post this before) is the RSI resistance. Most peeps consider this indicator as an oversold or overbought indicator, but actually it's neither and does have other value. In this instance you can see that the RSI is replicating the 800p resistance (after a fashion) and before this level is breached, further momentum will be required.



Seems that the CSR SP is doing stuff quicker than I thought, but it will take quite a push before the 800p is gone and becomes support.

AIMHO of course and charting aint always an exact science.

pth

as always, would never disagree with your analysis which is always much more profund than mine ..... however, Dow is currently +116 after about +70 at London close ..... provided that it can hold this, I would not be at all susprised to see CSR powering ahead tomorrow ...... as far as I can determine, next resistance is at 900 and then at 1000; coincidentally nice round numbers too

Apologies for the cocked up post. I seem to have done summat to the HTML code and I can't even edit my own post, but hopefully you get the gist, perhaps Ian can sort it out.

Cynic, next reistance is at 800p............still, but it will go, just a matter of when. Pity I'm not a holder, done enough TA, but as long as it helps you guys......good enough for me :)

pth

Edit: Mostly sorted, although not sure why I am getting that little box with a red X :(

very many thanks PT .... i am already a holder and am at least reasonably confident that 800 barrier will now be breached with decent impetus ...... tomorrow and arguably rest of week will tell, though with Wall Street closed for Wednesday 4th, and thus de facto the rest of the week, it may not be clear until this time next week.

PT let me add my thanks to those of Cynic, you pulled into focus my crude attempt at T/A, although I got the gist right.
Cynic, again, good call re the U.S. Let's see what the close brings. I still aim for something closer to 1200 based on the charts.................we shall see.
I added a small hedging short S.B. last night, believeing the volume meant the rise unsustainable with a very tight stop. Happy to be taken out of that if this continues.
Good luck!

So far so good, if it can hold this today 800p should become support rather than resistance. my only concern is the slim volume, both yesterday and thus far today.

pth