IQE Live Discussion

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jackdawsson 14 Dec 2018

IQE price collapse? Hi Zanshin, Indeed. Brexit uncertainties liable to continue affecting market sentiment for some time yet. FWIW, since I started trading 02/2009, I’ve never held so many underwater positions at any one time as now. That alone speaks volumes. It’s a bad time to be involved in markets on the long side & that goes for many UK stocks. Harking back to the IQE chart I linked here 8 days ago, whatever happens next on the macro-front, we want 56+ support to hold. Today was again disappointing with a close of 63.50. But at least volume was very low. I’d only review my position here if 56+ support was lost. - Regards & GL.

zanshin 14 Dec 2018

IQE price collapse? jackdawsson: What we’re seeing across markets recently is mostly sentiment-driven. Any logic temporarily suspended. Fear dominates leading to panic selling. A very difficult climate for all longs, including across the FTSE which is being hammered again. Hard to be sure of anything much in the short-term. - Hi JD, And so it continues, with fear and uncertainty driving most share prices lower still. Portfolio at YTD low. Looking for another short term trade I just bought a second tranche of IQE at 64.5 and what I hope is near the bottom. Will sell if 68 seen next week, or if the bottom falls out, either of which seems possible. Z

eagle51 10 Dec 2018

IQE price collapse? You’ve changed your tune, F35. Betting on the price alone now, eh? What happened to those fundamentals that meant IQE was a sure-fire winner you told people it was safe to buy at whatever price it traded it because the sky’s the limit? Not that long ago, when the price was a lot higher, you (and a few others like you, who then disappeared to hide in corners) were throwing out insults at people like me for pointing out the risks associated being too dependent on a very few big customers. One concern was that It was unlikely IQE was making that much out of these because it would be clear to them IQE was/is critically dependent on them and they don’t like giving money away. Do you still love Dr Nelson for selling all those shares over the past 2 or 3 years (retirement planning, see?) he didn’t pay anything for, latterely at prices in excess of £1, shortly before telling people IQE was a winner to invest in at 145p because (yet again) IQE was raising more money in the market because the company’s record at turning what it calls ‘profit’ into cash isn’t that good? It’s little wonder IQE is among the most shorted shares in the market. Mind yer fingers. all imo/dyor

jackdawsson 06 Dec 2018

IQE price collapse? freedom-thirty5: whats that tool you’re using? Hi @freedom-thirty5, Only SBs here. DFTs via City Index. No expiry dates. Ditto for ITV & TSCO. Perhaps needless to say, I prefer real shares as they’re more suited to longer-term holds. Less stress. However, bar dividends, most of my share dealing funds already in LLOY , VOD & BARC. For now, I intend to hold on all I have through the ensuing storm, pick up yield, book any gains &, eventually, build & keep a bigger cash position. - Regards.

freedom-thirty5 06 Dec 2018

IQE price collapse? whats that tool you’re using?

jackdawsson 06 Dec 2018

IQE price collapse? Zanshin, Thanks again. Much agree & your approach here is a prudent one. Not least considering the climate. Lock in profits as available, then try to repeat. Mine isn’t very different. What we’re seeing across markets recently is mostly sentiment-driven. Any logic temporarily suspended. Fear dominates leading to panic selling. A very difficult climate for all longs, including across the FTSE which is being hammered again. Hard to be sure of anything much in the short-term. - Regards.

zanshin 06 Dec 2018

IQE price collapse? Hi JD, Thanks for your reply. I agree with you that missing out on low/high buy/sell points is not worth worrying about. Provided you can sell at a higher price than you bought for, then a profit can be made. I am quite satisfied if I can take a small profit, and then repeat, rather than hold out for a higher selling price and lose out as the SP reverses, something I have done so many times and regretted. I have a portfolio filled with such trades patiently waiting to break even again. I also echo your thoughts re AIM stocks, many of which show so much promise, but fail to deliver on that promise, to become worthless as their management sing a siren song of hope. Obviously not true of all, but I have been bitten by enough to keep me wary of them. Sadly, larger companies are not immune either, where often management ambition exceeds its abilities. I’ve been stung by those too. With the whole market down again, it is, as you say, the macro-factors which are driving much of the volatility, and why I am trading short term momentum and returning to cash when I chose to. Good luck with your trading plan.

jackdawsson 06 Dec 2018

IQE price collapse? zanshin: Back in at 70 this morning. Just about everything has slumped today. It’s not only the likes of IQE that is volatile nowadays, with one day gains reversed the next for many stocks, then repeated, but mostly with a downward trend. Hi Zanshin, Thanks. I hope that goes well for you. Hard to put any timeframe on it. Re your previous comment: I wanted to reduce my overall average again with SP still well below my other longs. As mentioned, I was also going out that day. Though the SP reached 81.90 later that day,frankly, I no longer even fazed by not catching near the bottom when entering new longs. Especially in current market climate. Longer-term my plan remains as before, unless closing support at 56+ from mid November is broken. To ride this thing out, with occasional trading, then exit completely. Only if support is lost would I consider taking a hit. Whilst recent SP falls have seen very small volume, I’ve never felt easy about trading any AIM stocks. IQE reminds me why. Much lower volumes only add to volatility. But with most stocks taking a hammering recently for macro-factors, this could go lower still or be back to 80+ sometime next week. Such is the volatile climate. - Regards & GL. Screen Shot 2018-12-06 at 09.08.00.png991x832 53.4 KB

zanshin 06 Dec 2018

IQE price collapse? Back in at 70 this morning. Just about everything has slumped today. It’s not only the likes of IQE that is volatile nowadays, with one day gains reversed the next for many stocks, then repeated, but mostly with a downward trend. I’ve set a limit sell at 76 for now, as I see a straight surge to mid eighties, my previous target, unlikely. Perhaps the markets will settle after next week, with the significant vote out of the way and as the season of good will approaches, ho-ho.

zanshin 30 Nov 2018

IQE price collapse? Hi JD, Surprised you re-entered higher than your recent sell, given the already strong short-term rise. I was working on the upward trend reversing after 8 days of consecutive higher closing prices when I sold. I missed the spike up after I had sold, which would have doubled my profit, but as you recently pointed out, only the fortunate few trade the extreme highs and lows. After a strong rise as we have just seen IQE tends to retrace for a few days prior to resuming the up trend again. Looking for around 70 to re-enter myself, with a mid eighties selling target. Good luck

jackdawsson 29 Nov 2018

IQE price collapse? Re-opened 4th long at 79.60. Maybe too early, but the trend here looks firmly back up & a revisit to much higher levels later seems far more likely than not. Plus I need to go out. Target on this circa 90. - GLA.

jackdawsson 28 Nov 2018

IQE price collapse? jackdawsson: Re-added 4th long at 71.10. Target loose, but will be tempted by any return to 80+. - GLA. Closed 77.80. Booked decent gains as while it’ll go higher later, an over 10% rise in a day is too much to let slip when leveraged & still holding longs higher up. - GLA.

zanshin 28 Nov 2018

IQE price collapse? After an unprecedented 8 consecutive days of higher closing price I’ve decided to take a small profit and close for now. I prefer short term momentum trades with such a volatile SP and expect to be able to buy back lower in the next few days.

jackdawsson 13 Nov 2018

IQE price collapse? Hi Zanshin, Thanks. Valid points. Agree there’s a chance we’re near a floor, but seems too early to call it with certainty. Next few days will be more telling. We need to consolidate at higher levels backed by volume. Optimal entry & exit points always difficult to get right. Few sell the tops or buy the lows consistently, bar the lucky. Though early November was an opportunity to cut altogether after the previous strong bounce from 72.90 lows in October, in perspective, I’ve traded this successfully for months before. Many other live trades posted on BARC+ BB where Soi & others are active. So it’s all relative in a wider context. Mistakes are inevitable, including bigger ones. As you’ll know, many AIM stocks frequently see extreme volatility. IQE is no different. Par for the course for this market. Mindful of a bullish bias even if subliminal, I’d only add that just as it seemed overbought earlier in the year, it’s perhaps oversold now. Price action often needs little rationale. Sentiment can be a main driver in either direction. But looking further ahead, just as it was overbought earlier in the year largely on greed & euphoria, I’ve little doubt it may be again later. That said, I won’t add more here whatever happens. Once I’ve closed the last of my longs, I’m unlikely to re-enter anytime soon as these are leveraged positions. Like all leverage, they carry added risk if other longs elsewhere are also going through bearish cycles for extended periods. - Regards.

zanshin 13 Nov 2018

IQE price collapse? Hi JD, It’s been a while since I traded IQE, and even then for very short trends. Far too volatile for my liking and driven way too high on sentiment it seemed. The old adage “let the trend be your friend” would seem to be very much in evidence for the last year, with that trend steadily down. There is a comfortably wide spread in the trend allowing for some good profit opportunities from short term trades. Your latest entry at 71 would seem to be near the bottom of the trend line, and your target of 80+ would seem not too optimistic, even a trifle conservative. I’m even tempted to re-enter for a similar trade. As for your long holds though, perhaps, with hindsight, an exit early November would have been the best chance this year. Good luck.

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