Tipped by the independent 2/01/2004

........."And so to our traditional "wild card". Pipex Communications, formerly known as GX Networks, is a telecoms company created by one of the entrepreneurs behind Ukbetting, Peter Dubens. It has been assembled from six smaller players. The ambitious company is generating cash for the first time but is still not widely followed in the City. It could be an undiscovered gem".

http://money.cnn.com/2004/01/02/technology/earnings/index.htm


Much to toast in tech

Fourth-quarter earnings should be very strong and the first quarter won't be shabby either.
January 2, 2004: 2:38 PM EST
By Paul R. La Monica, CNN/Money senior writer



NEW YORK (CNN/Money) - Tech bears may finally need to go into hibernation since it's getting tougher and tougher to ignore the obvious: Fundamentals for high-tech companies are stronger than they've been in years.

Lots of buys today!!

Does anyone get the feeling that someone is filling their boots at 7.5p and when they have finished this is going to spring up.

Nope ! but I hope your right and it's soon :)

What makes everybody so sure that this company is a gem? I have viewed the fundamentals and despite a five-fold rise in turnover, the comapny is still trading at a large loss.

Price ticked up a 1/4p yesterday. Lots buys this morning...:)
Could mark the start of a gradual strengthening in the price?

Shouldn't the company be experiencing positive trading now as PiPex was profitable when taken last year ?

Now up over 11% and bombing along. Think this is the highest price its been since I originally tipped it.

Just added some more.

cheers GF.

Has the price been artificially moved up to make it worth while for some large sells to go through and then it will fall back again ? or are we seeing a "real" strengthening of the price ? to be continued. :-)

The selling overhang looks as though it's cleared, should be almost blue sky to 16p with the right conditions!

People people the price stagnated to let large buyers pick up shares at 7.5p ! There is news around and it should be good errrr

http://news.independent.co.uk/business/market_report/story.jsp?story=481279

Well spotted Happy1 - either way it looks like there's a very healthy rise just around the corner.

Could well be about to see a breakout in this, DYOR (check out the charts).

I agree doshmaker up again this morning and is certainly in an uptrend.

cheers GF.

Anyone bought these today, huge amount of buying, if so what are your thoughts?

Broken through 8p resistance 8p must now be the new support?

Lots of heavy buying today, sentiment seems to be very positive with this, telecom boom just begun as well. I think Friday should be a good day - any views.

Anyone got any news on this rumour of another acquisition? Nice to see this
beauty moving north, lets hope for more and some info too.

Adie H - I do not have anything on the rumour, I personally believe the buying we have seen of late could be due to the potential of this share and also the sentiment of this sector is strong. A lot of people seem to rate this as a big winner for 2004.

Sorry guys with the SVR post as in the wrong thread, but also seeing PXC well in profit

If you want to see something interesting compare PXC to THUS and you will see that it is extremley undervalued.