As poor as the design of this discussion forum is with no improvement in sight, considering the ongoing price collapse here, I’m surprised there’s been no comment since 27 days ago. IQE making year lows every few days, with no obvious support level in sight. Long-term chart also looks fairly dire.
My brief background with IQE: traded it to VG gains for months (trades posted live on another forum). But more recently find myself sitting with long positions well in the red: at 90.60, 96.90, 100.20 & 104.80. SP was seeing levels of 101+ & higher as recently as 31 August. It’s the only AIM stock I hold.
I’ve no plans to bail at these levels as one anticipates support being found soon. But that’s been the case for a few weeks. I also recognise that many AIM stocks can be, frankly, a bit of a dodgy racket. Extreme SP volatility is often seen on little fresh news & relatively small volume, with often zero input from the board to try & steady the ship.
Disclosed short positions on IQE still high, but recently falling to 9.88% as I write, so that at least seems one small positive.
Bar very poor technicals, I’ve little idea why the continuing drops. Last report seemed a mixed bag, but far from dire.
I shall hold on for now. But a return to circa 105+, be it months away or longer, will see my final exit.
GLA, in case anyone is still about.