Telit Communications Share Discussion Threads

[master rsi] 31/8/2017 11:31

I note... your bones have been crashed today
and you still come with nonsense

[hpcg] 31/8/2017 11:30

5chipper: ((250 - 100) / 2) + 100 = 175

Edit: Possible argument the entire move was from 350, thus retracement could be to 225. Personally I don't use fibs at all, but people do so they appear on charts.

[bones30] 31/8/2017 11:26

I note this didn't really move the share price too much for one of their competitors:



And this was 4G and Verizon not AT&T.

Are the use cases much different I wonder?

[glenkaz] 31/8/2017 11:26

🔥😱 playing with fire 🔥 £2 I really hope for all! 🤡✌A039;

[glenkaz] 31/8/2017 11:14

All 🐂💩. From tw to much! For his own gain!

[5chipper] 31/8/2017 11:05

Have we not already seen a 50% retracement from £1 - £1.50p?

From the original plunge to the £1.50 reached 4 days later

[glenkaz] 31/8/2017 10:56

£2 🤡🤞

[hpcg] 31/8/2017 10:53

Based on the cash burn and a no growth multiple, yes 75p. Price went from 250p to 100p in 4 days this month. A 50% retrace of the move would be 175p, and that is the kind of area I'm looking at to go short again. Lots of traders will be playing fibs and 150 is a 33% retracement so it could even stall here, who knows?

[glenkaz] 31/8/2017 10:47

😱🔥 poor more ⛽️ on tw....at! Love ❤️ it!

[cielos] 31/8/2017 10:47

upside/ downside

though the risk of downside in my view at this stage is lower and the reward/risk ratio is very high and I believe that there are so many institutional investors plus reputable brokers inhouse and outside involved and if they smelt a rat by now they would have dumped the shares in droves.

[5chipper] 31/8/2017 10:33

75p target??? That's a very long way down from here... expecting a 50%+ drop, when the price has just risen 50%?? That's the same as someone who is long expecting a price of £2.75p

[hpcg] 31/8/2017 10:29

I have to say from a tactical point of view the order book looks strong on the buy side. The time to short again will be when the bid dries up. I still have a 75p target but you can't fight the tape, or at least it gets uncomfortable.

[glenkaz] 31/8/2017 10:25

🔥😱 burn tw ...at! Gap up tomorrow guys 🤔

[master rsi] 31/8/2017 10:20

re - TW looks a prune

squeeze the prune and you get the NUT ( a BARsteward of first degree, most will say a CROOK ) but most likely a nutcase
with the £5 paid posters all over the place to spread the notes

[frazboy] 31/8/2017 10:16

thanks owenski - I find the underlying value of the business a bit more questionable than you, but agree on the systematic accounting issues, and of course, there are the cashflow issues. the CFO definitely needs to walk (which assuming his replacement was respected could lead to a lift in the share price - but would they find one?), and the headcount needs to fall (they seem to have bought a lot of intensive R&D loss making business for not a lot of money which furthers increases my doubts on the company's quality).

i favour short but the momentum is with the longs for now, partly due to today's announcement (and yesterday's leak...), and partly because for each day there is no capitulation RNS the more this momentum seems to increase.

[glenkaz] 31/8/2017 10:15

Hi captain you in 🤔 I think £190 poss 🤡✌A039;

[mister md] 31/8/2017 10:15

Wow there must have been shorts opened at around 100p, must be more stressful holding a short gone wrong than an investment declining in value ...

[kirk 6] 31/8/2017 10:12

TW looks a prune here should of just wrote one article instead of bleating on and on. Too much!

[glenkaz] 31/8/2017 10:07

🔥👌

[glenkaz] 31/8/2017 09:55

Think more here 🤡🤞 fingers crossed for you all!

[master rsi] 31/8/2017 09:54

going places now, shorts must be closing by the way is moving UP

share price breaking up from the previous intraday high 146p on the 14th

[scotty666] 31/8/2017 09:54

Ultimately if the products are good and new products keep coming through development at some point they will do well or be bought out by a competitor - until the cloud of doubt from the short side is removed though agree it wont return to the heady heights of > 300p. I'll wait for 180 though :)

[owenski] 31/8/2017 09:49

Cheers frazboy.

Behind the scenes TCM are engaged in a lot of commercial application projects/trials, with various manufacturers, these projects are expected to convert at some point.

Agree on the shorts, there seems to be a systemic issue on the financial front that requires resolution, I think the pressure is definitely on to do this and personally believe the CFO needs to go.

It's a good business that is going through a serious hiatus, I think it'll survive, raise money somehow probably through discounted dilution, maybe.

I'll watch until the dust settles, I don't have the stomach for gambling when industrial scale shorting is involved, the market will eventually point out the direction for the stock and I'm happy to buy at a higher price point with clarity and derisk if I do buy.

[master rsi] 31/8/2017 09:46

here we come and going over the earlier high

spread 148.50 v 149p

order book very strong now on the bid side
DEPTH
68 v 41