re: mul pattern forming I had a quick look at DFT about a month ago and it seemed to me their cash burn rate would eat up their cash reserves quite quickly and they will soon have to issue more shares ( obviously at a discount to market price) or find another way of raising capital soon. I think it might have to be very soon.
If someone can prove me wrong on this then I would like to see the figures they used for working simply as i like the market segment and would liek to be convinced they were a buy. However, I dont want to pay the market price for DFT just to see a placement at say 1 cent a few days later. Better off waiting to see who the issueing broker is, gettign in on the placement.
For this reason I have gone with SWT instead simply due to the fact they won't have to raise money for operating costs, and are expecting a very good profit at end of financial year, and also growing more quickly. The only other similiar contender is IIN but feel they have run very strong lately and might have a breather for a while ( but good stock none the less, i dont hold).
DFT
datafast telecommunications limited
