Diligent Boardbooks IPO

[klid]

Definitely some good distribution here. Buyer is starting to pay up slightly more. There have been no SSH's from selling so I expect that the seller is almost out of shares.

There's been a lot of volume consistently recently! Intriguing.

This cash! Gosh, got to be something really good to use it for..!!!

[JohnnyTheHorse]

Lots of buy signals went off around the $4.40 area, then $4.80 and $5.00 resistance lines. DIL is well and truly in a confirmed uptrend. I see the current price action as a continuation trend - a distribution of shares before the next leg upwards. There have been very large volumes traded in the current $5.00-$5.10 band, so there are large players both buying and selling (ACC being one of them, but looks like the majority of shares sold has been by someone else).

This could be a short rectangular flag, in which case the next move will be soon. Alternatively this could turn into a rectangular trading band, which could last 3 months or more (although it would be a very narrow band, so maybe the former is more likely? - maybe Hoop can advise on that). The last day or two have seen the large buyers and sellers mostly absent, so it's just a waiting game to see what happens. Tiny parcels on the buy side so there may be a bot active or someone looking for a large crossing? Definite buy signals if $5.10 is broken on volume.

Disc: Trading.

Attachment 6496

[theace]

Some news .... http://www.businesswire.com/news/hom...n#.VIAjlzGUcqQ

[BFG]

Some news .... http://www.businesswire.com/news/hom...n#.VIAjlzGUcqQ

Anyone tell us what percentage of total clients this number now makes up? And what the growth rate is in Europe using last know number vs now? I can't find anything as they stopped reporting client numbers (from a quick trawl of 75 pages!)

[alistair85]

Any ideas why dil seems to be on the slide? I thought we could expect good things...

[BFG]

Any ideas why dil seems to be on the slide? I thought we could expect good things...

As I stated earlier, a reversion back to sudden jumps after quarterlies followed by slides downwards between them. The usual games played by the usual suspects

[JohnnyTheHorse]

Any ideas why dil seems to be on the slide? I thought we could expect good things...

From the trading I have been observing it looks like there has been a distribution of shares between some large institutions. It is possible that we could see an SSH from the buyer soon. The buyer did not appear to be too active today - weakness on the US markets (and a likely correction) has dampened their enthusiasm I'd say.

It's the wider market forces at play - nothing to do with DIL really.

[JayRiggs]

Good to see Pie Funds getting back into DIL.
From their latest newsletter.

I have also taken a position in Diligent for both the Growth Fund and the Global Fund. We like the exposure to USD earnings, defensive nature of the earnings and the companies attractiveness as a takeover target. Pie previously owned Diligent a few years back and rode the stock from $1.00 to $8.00 before exiting. Currently at $5 it appears to offer good value once again.

[BFG]

Looks like the DIL train is getting ready to leave the station again. RSI, MACD, OBV all up with the DMI showing a bullish cross. $5.25 is psych resistance while $5.50 is major long term resistance as is $6.00.

There's a reason DIL was the most picked ST 2015 contest stock

[Beagle]

I decided to buy a ticket to ride today. Seeing as four brokers are picking it I decided to have a small piece of the action.