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".

Wouldnt worry guys, just general sentiment against techs at the moment.

Keep hold.

cheers GF.

anyone know if the trades going through at 7.5p are buys or sells?

with 1m shares traded at 7.5p would have expected mid to have dropped if they had been sells...

anyone got a view?

Mack1705

Look like buys to me

yes I see a few small trades going through at 7.25p which must be sells

still holding the double bottom formation

TICK UP!!!

Thus up as well !!

Troys

can't see any trades going through to justify tick up...could be we will see some large delayed buys going through @ 7.5p later

if we stick at current mid price...double bottom will have been formed

looks like amajor trend reversal indicator!!!

the attached link provides an interesting read


http://www.tradersnotebook.com/dblbottom.html

Mack 1705
A Major trend reversal would be most welcome
Held these since they were GXN !

I got in just before they bought Pipex last year


must admit I never thought we would still be trading in a 7.5p-8p trading range after the string of acquisitions over last 12 months!


I'm sure there is loads of upside in PXC, just not sure when the market is going to the share price fly!


I see a 1,000,000 T trade going through at 7.625p...must be the delayed buy which has got the share price moving up again?

Tick up this morning. Mack 1705 your double bottom might well hold true.

Or is it because the market is down ?

yes knowing PXC its probably the latter

nearly 2m of buys so far and no significant sells

my double bottom theory is firming! lol

Some big trades this morning over 5,000,000 look like buys ?

managed to get my hands on the 42 page Investec initiating coverage report on Pipex...

this is a very comprehensive report covering the PXC acquisition history, its bundled business model and the huge growth potential going forward.

I would recommend it to all holders or investors running the rule over a potential investment in PXC.

2005 eps projected @ 0.55p

current price equates to 14x 2005 earnings - which is a 40% discount to the European Internet Service sector which is trading at 23x 2005...

they have pencilled in a short term target price of 12p

mack me old china, heard a little whisper saying that PXC need to look for new techno for future customer expansion and that THUS could provide this, would you like to kick that around. 12p wouldbe nice short term.

testing the 7.5p mid price bottom again?

Mack1705

I Think this stock has a very big bottom !! Still a good time to top up again, unless there is more to come off?

why have 18 million been sold at such a low price???Right in the middle of me topping up !

Will

beginning to think that the rumours about Pipex buying Eckoh are true!!!