sms'ing, page-3

Ive been following this one as well for about 3 months since they did a placement at 4c to instos.

It seemed each time it ran up people elected to take profit, so the sizzle they did appear to be building fizzled.

It now seems they have waited out the sellers and it could be back on the way up.

The chart shows that 4c is a strong base and 5.4c the real resistance in my limited charting opinion.

I really liked the content of the letter to shareholders in respect to the blue sky potential from this market cap.

My feeling with these companies is they are a punt but if they can return revenue ,and an ebit the pes potential is often worth the volatility you experience in such stocks.

The challenge is which one to go for as the davnet,onetel,etc proves there is plenty of losers in this billion dollar scramble for people to use telco,IT companies for their communication.


If this does break 5.4 c it may be one of the few to make the grade,if however it does retrace back below 4c for an extended period ill be running.

I hold a few qad,and have every finger and toe crossed.

Read the disclaimers like always