Some highlights from the BuySellSignals report worth noting... particularly the bullish short term analysis, the larger shareholding increases, and the summary of new orders contained in the announcements ( see link).
.... "TECHNICAL ANALYSIS Uptrend Price Trend The price advanced 6.2% in the last week and soared 13.3% in the last month. Relativities Compared with the All Ordinaries index which rose 5.3% for the week and 0.3% for the month, this represented a relative price increase of 1.0% for the week and 13.1% for the month. Today its percentile rank in the Australian market was 91. Moving average price (MAP) The price to 200-day MAP ratio is 1.69, a bullish indicator. In the past 200 days this ratio has exceeded 1.69 38 times suggesting further upside. The 50-day MAP of 2.0c is higher than the 200-day MAP of 1.0c, another bullish indicator. Breakout The stock traded at a 12-day high of 1.70c today. The bulls are maintaining control with price open, high, low and close exceeding yesterday's levels. Support The support price is hovering at the 1.30c level. Volume traded at the support price zone was 2.1 time average during the single occasion when the support price was breached. In the last one month the first low was at 1.30c on Oct 13. Resistance The stock hit a new twelve-day high of 1.70c on decreased volume index of 0.4 on Thursday. Resistance is apparent at 1.90c. Volume was 2.0 times average during the single occasion when the resistance price was breached in the last three months. In the last three months the high was at 1.90c on Sep 08.
REPORTED BUYING SELLING September 17: Intermoco director buys Intermoco (INT.AU) director Bob Gestro bought 134,833,068 shares worth approximately $2.3 million between January 14 and September 14, 2009. The last price was 2.0c. July 30: Intermoco substantial shareholder buys Intermoco (INT.AU) substantial shareholder Copulos Group bought 104,308,132 shares worth approximately $730,156.9 between July 04 and July 29, 2009. Copulos Group previously held 41,426,814 shares (or 2.6%) and now holds 145,734,946 shares (or 9.0%). The last price was 1.0c. September 08: INTERMOCO LTD SUBSTANTIAL SHAREHOLDER BUYS Company substantial shareholder Entity Holdings bought 45,526,838 shares worth $1,138,171 on August 21, 2008. Entity Holdings previously held 101,886,269 shares (or 8.2%) and now holds 147,413,107 shares (or 11.4%). The last price was 2.50c."...
They report on the information to date and seem to not comment on future contracts which many of us are very bullish about. This will benefit forthcoming Intermoco reviews by BuySellSignals as each months additions to Intermoco's order book beefs up the data and the share price builds in a premium based on forward discussion and market anticipation of P/E ratio's, Earnings Per Share and higher forecast revenues. The relevant statement is in the first sentence below....
....."BuySellSignals believes that every stock has a story to tell and that this story changes every day. To capture this story, BuySellSignals offers the latest pertinent and comprehensive information so that investors can make well-informed investment decisions. BuySellSignals publishes equity research reports on each stock, sector and index daily to capture the latest market movements and sentiments."
The last few days trading suggests a slight up turn in sentiment.... Watch for increasing volume Further increase in the Total Market Depth Buy side Further decrease in the Total Market Depth sell side Movements in the Value Weighted Average Daily price Higher lows and higher highs A move above 1.9c could trigger an increase in daily price spreads
AHL Price at posting:
1.7¢ Sentiment: Buy Disclosure: Held
(20min delay)