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IQE 3rd attempt at 100p


phillo

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I noticed a lot of people confused by this recent pullback in this stock. It's coming down for it's third attempt at 100p support.  People are thinkingCapture iqe.PNG Apple's results tomorrow may save this one, we'll see. Technically this pull back looks correct and there is still an unfilled gap below

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the recent movements seem to have been related to the developments in AAPL, which IQE supplies. If the phones are selling fewer than expected, IQE are supplying fewer components.

 

I have held this for a trade before and did OK on it. Looks as though its poised to drop lower and I also have noted the price gap at around 87p. I also think it is quite heavily shorted

Here is the daily short log held with FCA for IQE.

 

I don't hold these, I think they could go out of favour as quick as they came to it. However sup 90p I might be interested. SO it sits on a list awaiting a trigger.

 

 

Position Holder Name of Share Issuer ISIN Net Short Position (%) Position Date
Coltrane Asset Management, L.P. IQE PLC GB0009619924 2.80 2017-12-20
Ennismore Fund Management Limited IQE PLC GB0009619924 1.63 2018-01-12
Marshall Wace LLP IQE PLC GB0009619924 4.25 2018-01-24
Millennium International Management LP IQE PLC GB0009619924 0.65 2018-01-23
Quentec Asset Management IQE PLC GB0009619924 0.60 2018-01-23
Valiant Capital Management, LP IQE PLC GB0009619924 1.12 2018-01-25
WorldQuant, LLC IQE PLC GB0009619924 0.68 2018-01-26

 

Short positions disclosed can be monitored from here https://www.fca.org.uk/markets/short-selling/notification-and-disclosure-net-short-positions

 

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