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Some useful points there Gotrader, especially about taking "profits at their peaks". I have done well so far with IQE - roughly £25K over 18 months of buying ans selling.
However, I could have done so much bettered I shown more patience in waiting for the share price to dip to near its "floor" before buying (the previous lows give an idea of what the share price could fall to). Also, when the share price is rising, in monitoring it carefully and not selling too soon. If the share price starts to rise again at some point in the future, I shall sit on my hands and try and ensure that it reaches a plateau before selling. My current sell price is 70p. If I manage that, it will bring in a profit of around £23K. Hence, my willingness to wait until it achieves that level or higher. Regards.
50p is where the cheapest Broker rated this share. I doubt it would reach 70 without some big news. On a share like this you have to take profits at the peaks. I still wonder if Invesco could reduce here at some point.
Really not that much going on here. Most chat about the share price. Which ultimately proves nothing as we know shorts are still heavily involved here.
Stronger pound could mean better value for funds based in US. More pounds converted back to Dollars. Pound has soared since Boris took office. Not sure what the shift in currency means for profits. Money converted back to Pounds would be worth less? They are based in so many countires so it's hard to say. Exports from Wales will cost customers more now. No doubt we will get an update in new year.
That could well be the right strategy for now Majorboy. The share price doesn’t seem to be going anywhere for now; it is almost as though it were being held back by the major institutions? Perhaps I am being cynical, but have no doubt that there is a growth phase ahead. I haven’t a clue when, but added more at today’s low. Good luck with your future investments. “May you live long and prosper” ( A Spock phrase from Star Trek).
TLW - fully agree that this has been one hell of a trading opportunity and others like your good self have clearly taken advantage which is always good to hear. Investing at these levels could prove lucrative provided that the company is not forced into a heavily discounted cash raise and certainly if they can present better operational performance figures to the market in the new year. I recognise with such a large aggregate short position if/when momentum does change to the upside this could rise very quickly indeed. I would be comfortable in missing the early rise however if I felt confident that the company had turned the corner in trading, injection of new management etc etc. Until then I will tune in from time to time to see how things are shaping up. Good luck to all holders.
Thanks bandit1. Your clearly stated arguments are correct and there is nothing that can be said to disagree with them. I have even put forward similar points myself on this board on more than one occasion. Yet, the same arguments have prevailed for well over a year. However isn't it strange that despite everything, the share price has fallen and subsequently recovered well on several occasions? Any brave perceptive investor who recognised these patterns could have made a fortune from the share price fluctuation pattern of a company that is currently struggling to meet its sales potentiall. ( HeresHopin's Rocky Balboa metaphor describes the pattern very well).
This is the principal reason for my investment. I am already £25K in profit from previous IQE investments. Had I been braver and more patient that profit could have been a factor of 2-3 times greater. I intend to hold for the long term, although I would consider selling if the share price ascended to super-70p levels as this would generate another c.£20K profit. The investment rulebooks instruct us not to invest in companies with a takeover in mind, and I respect your postion on this. However, I am already invested in a tech company which is currently undergoing an opaque bid process, and IQE has similar hallmarks of a company primed for a takeover. There is, of course, no guarantee tthat this will ever happen, but institutional investors are not going to tolerate this company's "quagmire" indefinitely, and sooner or later they are going to demand changes to improve the way that the company is led and managed. Regards.
TLW - I have been here on and off for a few years but not a holder at the moment and not trading this either. The last trading update moved IQE into my 2nd watchlist ( 1st watchlist are likely investments just waiting for a signal, 2nd are those where I think they have something of value in this case, IP but I have real concerns about performance. ) Poor management, poor PR and trading losses putting pressure on cash, massive spare capacity hence disefficiencies and of course large short positions which are solid as a rock ( circa 10%) all suggest that there is limited upside and a potential cash raise or more debt IMO. Something has to change such as dynamic new management, new exciting clients, etc. Yes, always a potential takeover target for IP ( similar to ARM ) but not worth investing for that alone IMO. Pity as promised a lot and so far delivering very little.
I was waiting for a dentist appointment when I noticed that the share price had breached the glass floor this morning, apparently due to some sizeable sell transactions. The thought of pre-election concerns crossed my mind, but is there an outcome which could potentially destabilise IQE's business? None sprung to mind and I would be interested if anyone else had concerns.
I expected some volatility in the share price, hopefully as a precursor to a recovery phase of some description. Some investors have been here before, and have seen early share price "bounces" to values approaching previous levels following steep declines. They could well move their capital elsewhere, with a smaller profit than before, if they find a better opportunity. For my part, I am remaining fully invested. It is a risk versus reward scenario well worth hanging on to in my view.
I think that the glass floor has a large crack appearing across it Majorboy! Of course, the cracks could be papered over by the end of the day. Just saying.
Cheers M! Im off in to Lloyds to see if I can capitalise on a conservative win Thursday... I will be back! good luck mate.
so which way from here? Think that the end of this rally or more to go guys?