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

I blame El Niño. Well, it changes the climate apparently!

Down a point and a good deal of selling.
The problem is not knowing what the problem is !!

I can't be sure of the downward pressure but Black rock still holding a 2.5% short position.

Not one of my best plays to get back in yesterday

Isn't it enough to make you want to spit! For what it's worth, I.C. reiterates its' buy recommendation.

re - Isn't it enough to make you want to spit!

You spit if you want to ( or if you feel better afterwards ), but I will wait to reach support to start buying.

And where do you reckon that might be o wise one ?
My point is , good news should send the price up, not down. But, it doesn't seem to work that way with IQE.

on today's notes

Canaccord has cut target from 65p to 35p.

The other day I would have said support at 26.75p and I put my money on that. Only dipped a toe in thankfully.

Today it looks like 25.12 and the buyers are back in force at the moment.

Quite a high volume of trades going through at the mid price. What should we make of that ?

something is not right, somebody must know, possibly the shorters?

Who knows, but in at 25 ish and out at anything over 28 seems to be a decent trading policy at the moment.

in at 25 and out at 28 was my plan, done the first bit but the second part has thrown up a fault in the outcome.

Activmoto - ah, you see there's your problem, you did something I do.

I actually have quite a few of these as I do believe long term it will work out well, but short term it is the most unpredictable stock. Does the opposite of what seems natural.

So I tend to sell a few when they get to the late 20's or even 30+ and buy them back on poor days, like today, at 25 and a bit. I did buy some at 18 a while ago, and sell them for a good profit, but that was just luck. I think you just have to take the long term view, but of course that's what we always say when something we've just bought collapses.

All I can say, is that it was a good job that the news was good this morning. Lord knows what might have happened if it was bad !!

I've never seen a stock perform quite like this one.

Loads of buy recommendations, and when the good news follows, it goes down ?!?

there's no pleasing some people!

Do not hold at present but have traded it with a little bit of profit around 28 to 30 range.

Canaccord has cut target from 65p to 35p.

Does anyone know why they reduced the target.

Its like searching for the Holy Grail with this one.

Just got to be very...... very patient.

Mind did get in at 19p plus so not hurting so much.

Quite, it's rather like waiting for the penny to drop. But, it seems to have become stuck in the machine .

Here we go again, buys outweighing sales by almost a million = price drop.

buys 3.3 million, sells 610 K.