| To: Jack Hartmann who wrote (594) | 8/16/2000 1:20:04 AM | | From: changedmyname | | | | Jack,
I appreciate the kind words. What was accomplished here on SI was just another chapter in this bull market. But, like in any novel, that chapter has come to a close. Will another one be written? Who knows... I'm sure it will in time, but with new players and new faces.
like the following post that you quoted from:
"If Linux is hot, I'll trade Linux that day. If wireless hot, I'll be all over wireless for that week. But when the momo is gone, I'm moving on."
SI was just part of the game. SI was hot, and SI died. The "guru" died. I realized at the end of last year, that plays weren't working like they used to. Gone were swing trades, and were replaced with one day momo's. Those gave way to quick 5-minute jobs. And soon, no one was left buying anything.
When business picked up again on the Kimberly Lee thread... who was just another Pump and Dumper in a long line of many (no offense intended), there was brief hope again, as the rookies that run loose here were sucked into believing... believing a momo market was back, and the glory days of late 1998 and 1999 were back. What we saw instead was the entire story of a guru unfold in 3 months... 1) the recognition one receives as their picks start to work, 2) the following that gathers, and 3) the picks that become self-fulfilling prophecies... and then begins the demise as people start playing the stocks quicker (#4), flipping them as momos... and then everyone loses faith in the guru and all trust collapses (#5).
As for my story... I'd like to think I pulled a Michael Jordan... I tried to go out at the top of my game. I think I played a month or two too long.. but I found myself being more selective in what I put out. Picks became fewer and far between. And in the end, I gave up even trying to resurrect the glory days.
Once SI died, I changed with the times. I moved on. I joined the A@P website and got back to the basics. The simple trades based on CNBC or momo's too quick to call on a thread. Back to the basics like buying on dips and selling into strength. Back to buying an IPO and flipping it after a minute for a point or two. Back to sanity :-)
So am I out of the picture? Are my posting days done?
No.
Will I ever get back to posting 20 times in a day? Will the great "jopawa" resurface and follow my plays?
Maybe. (that ones for you John if you're reading! -gg-)
So when SI is back in vogue, You can bet I'll be here to greet all the moms and pops and teenagers logging on to try and make a fast buck in the market. Yep... Tokyo Jason will be here to welcome them with open arms...
But until that day comes... the "public" will just have to take the scattered bits of info I offer up (which, by the way, if you've followed them, you've made a hunk of change [ok, so OPTC never panned out... but DCSR was a double the other day, and JAKK, and GRIN, and on and on])
I honestly think that a lot of traders got wiped out in the market the beginning of this year. Those who bought the biotechs and held on to them and were leveraged to death on margin. The ones that survived went on to other things (like me) or now lay dormant waiting for SI to revive. SI is back to what it was back when I joined and it was free... people simply talking about stocks... hardly any "gurus" (I hate that word) remain... and those that supposedly remain, I'd argue with the success they "claim" to have.
So Jack... thanks for the forum for me to get that out... been wanting to say this mess for a while... maybe I'll finally get that book out I'm writing...
So here's to the Glory days! Good luck with your trading.
Regards,
Jason
aka Tokyo Jason :-) |
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| To: Jack Hartmann who started this subject | 8/16/2000 10:38:28 PM | | From: Jack Hartmann | | | | Portfolio up 0.66%, Dow down 0.53%, Nasdaq up 0.25%, S&P500 down 0.31%, Gilder up 1.1%, Meisler up 0.1%, J-Blimps down 1.0%, Fuel cells/Alt energy up 0.1%
NYSE Volume: 931 mln...Adv: 1594...Dec: 1243
Nasdaq Volume: 1.39 bln...Adv: 2031...Dec: 1904
Put/call ratio is 0.55 (range 0.45-0.61)
Sector Watch
NYSE Comp. ($NYA) 666.25 -1.76 -0.26% Still above the 666 level which was the previous peak. Hate that number.
Nasdaq has eight green days to two red one and only up about 320 points. This is one weak rally.
Cyclicals (XLY) 25.79 -0.52 -1.98% HD dropped 4.7%. Despite the positive media hype this sector is now below the 200/50 day EMA bearish stack.
Gold ($XAU) 54.47 +1.45 +2.73%. PDG led it up with 7% gain on no news. December gold rose 30 cents to close at $277.60 an ounce. Very close to breaking the 50 day EMA of 55. Resistance level of 60 will be stiff. Might try a gold stock if sector can break this 60 level. AU ABX AEM MDG FCX HM PD NEM PDG make up this sector. phlx.com
Oil Services ($OSX) 133.24 +4.25 +3.29%. Busted through two year high of 131 today. Very bullish chart. SLB led sector with a 5% move. Every one of the stocks in the index was green. BHI CAM FLC GLBL GLM HAL NBR NE RDC RIG SII SLB TDW VRC WFT comprise this sector. Frost securities downgraded SLB and BHI today too. But this news came out also.
"Merrill Lynch raised its third and fourth quarter forecasts for WTI prices per barrel to $29 and $25. Previously, they were $26 and $23, respectively. The revision is based on tighter-than-expected global oil balances as reflected by a "significantly smaller-than-expected" rebuilding of petroleum reserves. Merrill's 2001 and 2002 price forecasts remain at $23 per barrel. "On a very near-term basis, we do believe that Saudi Arabia is uncomfortable with prices above $30, as are the G7 nations, raising the prospect of a supply response on-or-ahead of the September 10th OPEC conference," the research note said.
Retailers ($RLX) 817.63 -24.10 -2.86%. News on earnings is got everyone on edge. Below bearish 200/50 stack and gettting worse. Avoid this sector.
Broker Dealers ($XBD) 600.92 -13.81 -2.25%. DLJ and GS lost 4% today to drag index down. Dipped below 10 day EMA – a first since June. Still well above 50/200 stack. No news really other than SCH announcing pre-market trading on-line. AGE SCH DLJ EGRP GS LM MER MWD PWJ RJF are in the sector.
Portfolio Watch
CNC down 2.52%. 500K buy at the ask in the afternoon. Interesting.
MTSN up 4.57%. Outperforming the SOX both in advancing days and declining days. Busted out of the negative channel that formed since late June.
KEM up 6.54%. KEMET Corporation Announces Common Stock Repurchase Program was the headline, following VSH’s lead a few days ago. Good move by company.
Other stocks on the move
CPST up 8.0% on no news. Been moving sideways. Revenues are uneven and every quarter is a loss. Cash burn must be high. Moving sideways since IPO. High risk/low reward.
GLW announces a 3/1 split and goes up 5%. Really moving sideways since June runup. I expect a downturn since volume is weaker. Only a blowout by CIEN can make this higher.
HWP posted blowout earnings, but 2Q revs were down sequentially. Excluding equity gains, the company posted earnings of 97 cents a share for the current quarter. Analysts surveyed by First Call/Thomson Financial were expecting earnings of 85 cents a share. Revenue rose to $11.82 billion from $10.32 billion a year earlier. Home-PC revenue grew 62%. In notebooks, which grew 93% in terms of revenue.
ADI posted great number and issues upside preannouncement. Gained 13% today. Have to re-read my DD on it and find out why I didn’t buy it then. From $61 to $91 in six days. Wow. I hate chasing stocks on fire.
KANA went up 16% on its alliance with IBM. CSCO alliance announced on Monday. Have to DD the past CSCO/IBM effects on other companies. Double bottom and monster green volume with good news. Why did I sell this the other day?
Starbucks (SBUX) as halted earlier this afternoon. It will assume a $20.6 million charge in the October quarter from its investment in Living.com. That furniture Web site is closing its doors and filing for bankruptcy, blaming an inability to raise capital. Another dot.com biting the dust.
Prudential lowering view on defense sector to HOLD from ACCUMULATE. Specifically cuts rating Boeing (BA) and Lockheed Martin (LMT) to HOLD from ACCUMULATE and General Dynamics (GD) to ACCUMULATE from STRONG BUY. Firm not bullish on Boeing deal to acquire Jeppesen Sanderson Inc. from Tribune Co (TRB) for $1.5 bln in cash.
DLJ downgraded HD, COST and WMT. This morning, Prudential lowering TJX Cos (TJX) to HOLD from STRONG BUY, while Salomon Smith Barney cutting Home Depot (HD) to OUTPERFORM from BUY.
Portal Software (PRSF) 54 3/8 +3 1/16: A flood of positive announcements are driving shares of this customer management and billing software developer higher. IBM agreed to incorporate Portal's Infranet technology in IBM's worldwide ASP Prime Solution Centers. Portal also announced that through a collaboration with Andersen Consulting, Portal will offer circuit-switched voice billing capabilities in conjuction with IP capabilities through their Infranet ICP product. By extending Infranet to include voice billing capabilities, customers will be able to add voice based functionality to their existing data based system without having to run simultaneous billing software systems. The extension into voice is a natural one for Portal's Infranet, and should increase market appeal for the software. The announcement should have negative implications for smaller competitor, Daleen (DALN) which offers a competing voice/data billing software product. Despite consistently beating Street estimates on strong revenue growth, PRSF shares are trading only slightly higher than their January levels. Tomorrow's scheduled Q2 earnings release coming on the heels of today's positive announcements could provide another catalyst for the shares. Portal will release Q2 earnings after the close tomorrow, and the First Call consensus mean is $0.01 EPS, but as in past quarters, we expect upside. Of the three sell-side research previews we looked at, all of them are expecting software license revenues in the $39.6-39.9 mln range and service revenues of $17.0 mln, bringing the total revenue estimate to $56.6-56.9 mln. Gross margins should show a slight improvement from last quarter's 79%. We expect slight upside to EPS and revenue estimates, and if the prediction holds true and the market cooperates, we would expect further short-term upside to PRSF shares. - Matt Gould, Briefing.com. Chart shows consolidation but broke 50/10/200 day neutral stack.
Sawtek (SAWS) 42 7/8 +3/4: One thing that drives most investors crazy is when a stock they own drops sharply even though the company reports good news... At this point, SAWS shareholders are probably on the verge of checking into the looney bin as they have watched their stock plunge 42% since July 14th -- the day the company reported the highest quarterly earnings per share and net sales figures in its 21-year history... On a percentage basis, earnings surged 83% to $0.34 on a yoy jump in sales of 69% (sales were also up an impressive 17% sequentially. From briefing.com
I really need to DD this one. Still in a negative channel, but coming close to breaking the 10 day EMA. 50 day EMA about to cross under the 200 day EMA, which would be bearish.
Maybe everyone has cash waiting for the Nasdaq crash that doesn’t come on command. I think sector investing is one way to ride momentum up and lessening risk. I think a lot of money on the sides waiting for the FOMC meeting next week and options expiration Friday.
Jack |
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| To: Jack Hartmann who wrote (598) | 8/17/2000 8:35:03 AM | | From: Mike E. | | | | Good morning, Jack.
Don't you think American Airlines should be set to benefit from UAL's demise? AA is the next biggest carrier out of O'Hare:
08:07 [UAL] UAL'S CEO SAYS Q3 REVENUES 'NOT AS STRONG AS WE HAD PREVIOUSLY ANTICIPATED'
08:07 [UAL] UAL CITES 'FALLEN' BOOKING LEVELS STEMMING FROM FLIGHT CANCELLATIONS
08:07 [UAL] UAL CORP. SEES Q3 EARNS COMING IN BELOW DOWNWARD-ADJUSTED RANGE $2.60-$3.20/SHR
I flew extensively before "retiring" in March and was a Premier member of UAL's Mileage Plus program. I grew to hate United Airlines and swore I would not fly them again if given a choice. I have 150k+ miles to use worth of free tickets and that is the only way I will fly United. Customer service has been terrible and deteriorating (sp?) rapidly over the last year and a half or so. I, personally, think United is in worse shape than the latest news really indicates.
Mike |
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| To: Mike E. who wrote (599) | 8/17/2000 10:34:23 AM | | From: Jack Hartmann | | | | Don't you think American Airlines should be set to benefit from UAL's demise? AA is the next biggest carrier
out of O'Hare:
Mike, I think American will benefit some because they are compensated by United for taking overflows. These higher fuel costs are hurting the bottom line to all airline. The United pilots not working overtime may give warning that this could happen to them also. It appears the United booked 2000 flights a month with the pilots working the extra time. I remember one United Exec saying the industry was better off running fewer flight and increasing capacity, but charging more for passengers to fly.
I have always flown United, but the last two flights were delayed, so I switched to American. My friend who works for them thinks that the pilots union is hurting themselves because they own a large chunk of United Stock.
Haven't taking a look at the American Airline chart. Would need to see where their contract status is with the unions also.
Jack |
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| To: Jack Hartmann who wrote (598) | 8/17/2000 11:21:33 PM | | From: Jack Hartmann | | | | Portfolio up 0.74%, Dow up 0.43%, Nasdaq up 2.06%, S&P500 up 1.10%, Gilder up 2.0%, Meisler up 2.0%, J-Blimps up 3.7%, Fuel cells/Alt energy up 2.4%
NYSE Volume: 860 mln...Adv: 1552...Dec: 1264
Nasdaq Volume: 1.35 bln...Adv: 2108...Dec: 1850
Put/call ratio 0.59 (range 0.51 to 0.60)
Sector Watch
NYSE Comp. ($NYA) 671.19 +4.94 +0.74% Nearly at old high set earlier on Monday.
Nasdaq Comp. ($COMPQ) 3940.87 +79.67 +2.06% Set right between 200/50 EMA stack. Truly odd.
Energy (XLE) 32.75 +0.75 +2.34% Setting a two year high today. ENE led sector up with 7% gain. Crude and natural gas very high again.
XOM RD CHV SLB TX ENE HAL WMB COC.B CGP P EPG RIG BHI UCL BR UPR APC MRO OXY APA KMG AHC CG TOS RDC SUN ASH MDR make up the weighted index amex.com
Biotechs ($BTK) 672.93 +20.54 +3.15% Although INCY not in the sector it jumped 20% on licensing deal with MOT. IMNX led sector up with 10% gain UBS Warburg reiterates coverage of IMNX at Strong Buy, price target $51
AMGN BGEN CRA CEPH CHIR CORR GENZ GILD HGSI IDPH IMNX MEDI MLNM ORG PDLI VRTX are the index.
Disk Drives ($DDX) 86.21 +3.08 +3.71%. RDRT up 20% on speculation of a 20Gbt hard drive announcement. This company has lost money each of the last four quarters. HMTT HTCT IOM KMAG DSS HDD RDRT SEG STK WDC are the index
Gold ($XAU) 52.90 -1.57 -2.88% every company red. This resistance toward 60 is tough. December gold rose 30 cents to $282.60 an ounce AU ABX AEM MDG FCX HM PD NEM PDG are the companies in the index
Hardware ($HWI) 430.17 +13.38 +3.21%. SGI led the group high with 9% gain on no news. Still above 50 day EMA for the sector. AAPL CPQ DELL GTW HWP IBM MUEI SGI SUNW are the companies in the index
DOT ($DOT) 766.20 +20.37 +2.73% TSCM internet index went along with the rest of the techs
Natural Gas ($XNG) 216.88 +6.24 +2.96%. No solution to natural gas shortage. I really don’t like the 50% higher gas forecast.
Network ($NWX) 1325.09 +40.33 +3.14% CIEN carries this group up 10% on great earning yesterday. Still above 50 day EMA but 20% off highs.
ADPT ADCT ADTN ALA CS CIEN CSCO CMVT ECIL LU NN NT PAIR TLAB COMS are the index
Oil ($XOI) 528.10 +10.94 +2.12% Crude at $32. Every company was green today.
AHC BP CHV COC.B XOM KMG OXY P REP RD SUN TX TOT UCL MRO are this index.
Broker Dealers ($XBD) 624.30 +23.38 +3.89% DLJ and EGRP led sector high with 8% gains. No news of importance other than FED speculation will help this group. Volume pick up in August is helping too.
AGE SCH DLJ EGRP GS LM MER MWD PWJ RJF
Semis ($SOX) 1111.06 +37.76 +3.52%. LLTC up 8% to lead group. Broke above key 50 day EMA. Sector was punished so running up again. Next 10% will be tough. ALTR AMAT AMD INTC KLAC LLTC LSCC LSI MOT MU NSM NVLS RMBS TER TXN XLNX are the SOX.
Portfolio watch.
Nothing above 4% either way. Most ran with their various sector.
This ASYS ran up to $16 before profit taking occurred. Quadrupled in a day. No share available to short that I could find. Added MCDT as a short term trade. If around by Friday, then will be added to the portfolio. Despite the Nasdaq cheerleading, the 50 day EMA will not cross the 200 day EMA. Very tough resistance. I have some cash waiting for a dip in some good tech stocks like CIEN, CREE, NTAP, ADI. Just isn’t happening. Consolidation is that the portfolio keeps adding small gains over the last two weeks.
Jack |
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| To: Jack Hartmann who wrote (602) | 8/18/2000 10:30:08 PM | | From: Jack Hartmann | | | | Portfolio down 0.02%, Dow down 0.08%, Nasdaq down 0.27%, S&P500 down 0.29%, Gilder up 1.3%, Meisler up 1.6%, J-Blimps up 1.6%, Fuel cells/Alt energy up 0.7%
NYSE Volume: 817mln...Adv: 1170...Dec: 1603
Nasdaq Volume: 1.4 bln...Adv: 1876...Dec: 2087
Put/call ratio is 0.44 (range 0.40-0.49) The bulls are raging now.
Sector Watch
Mostly a lazy day with small profitaking on yesterday’s rises.
Disk Drives ($DDX) 94.91 +8.70 +10.09% Ok, Now I’m awake. HMTT up 31%, KMAG up 31%, RDRT up 17%, WDC up 28%. This move today broke through the 200 day EMA. Busted above three levels of resistance. Something up for the sector. I must DD the best of the lot and try to figure out what’s happening on the balance sheets.
"Investors are buying on optimism for the fourth quarter and the prospect that companies in the sector will return to profitability," said Chase H&Q analyst Bill Lewis.
Disk drive companies were hampered by price declines and chip shortages in the second quarter, Lewis said.
The turnaround in the disk drive sector comes a week after Salomon Smith Barney downgraded hard-disk stocks based on the belief that the industry will take longer to recover than previously expected.
HMTT HTCH IOM KMAG DSS HDD RDRT SEG STK WDC make up this index
Drugs ($DRG) 388.58 -8.50 -2.14% Every single one was red though none over 5%. Sector drifting below its peak of mid-July. Nothing good since the Eli Lily court loss last week. Buying a pharmaceutical stock means looking at the drug pipeline closely.
ABT AZA AHP AMGN AZN BMY FRX GLX JNJ LLY MRK PFE PHA SGP SBH are the index.
Portfolio Watch
MTSN up 6.65%. Another chip maker riding high. This is up 25% in a week and I haven’t taken profits yet. Trying to make this my long term semi stock since January, but this run is wild.
EPG up 0.87%. New52whHI. Oh yeah. Natural gas is hot. There has to be a winner in high natural gas prices beside these companies.
IFR up 4.34%. Still have a hard time thinking this is a semi stock but market has its label on it.
CTB up 4.57%. Finally. Nice move on good volume. Firestone issue got someone digging around in sector. Had to dust the cobwebs off this one.
Focus Stock
UCL down 3.40%. Unocal Corp. (UCL, news, msgs) has offered oil companies limited amnesty from punitive damages for infringement on its five reformulated gasoline, or RFG, patents.
In letters sent to refiners in two batches Aug. 3 and Aug. 11, the Los Angeles-based company made the offer to grant amnesty from enhanced-damage claims in exchange for license negotiations and production disclosures, according to Unocal spokesman Barry Lane.
"We're offering that if they enter into serious licensing discussions within 45 days (of the dates of the letters), Unocal will waive any claim to enhanced damages for willful infringement of its patents for infringing gasoline sold during...calendar year 2000," Lane said.
To qualify for the limited amnesty, refiners and blenders would have to provide on a confidential basis production records for gasoline with a Reid vapor pressure of 7.5 pounds per square inch or less during the period from Jan. 1, 1996, to the present.
These records would help determine whether patent infringements had occurred, Lane said. "We don't know if they infringed or the degree of infringement until we sit down and talk to them," he said.
No company has responded so far to the offer, Lane said.
Then the fisrt salvo is fired:
Exxon Mobil Corp. (XOM, news, msgs) Friday rejected Unocal Corp.'s (UCL, news, msgs) offer to waive claims on patent infringement, insisting it hadn't infringed on Unocal's patent for reformulated gasoline.
Moreover, Exxon Mobil said, that offer by Unocal triples the patent royalties that would be paid by refiners producing cleaner-burning reformulated gasoline.
"It's Exxon Mobil's position that we've not infringed on any of Unocal's patents," said company spokesman Tom Cirigliano. "As Unocal knows, we're currently appealing to the U.S. Supreme Court because we believe Unocal abused patent and regulatory process. Unfortunately, if Unocal's statement is true, Unocal is now seeking more than 17 cents a gallon for gasoline (manufactured by use of Unocal's invention), rather than the 5.75 cents a gallon which has already alarmed consumers and government agencies."
Cirigliano was reacting to an Aug. 3 letter from Unocal that offered the waiver if refiners and blenders agreed to enter good faith discussions with Unocal regarding the gasoline patent, which is one of the factors blamed for the rise in summer gasoline prices.
This is going to get very ugly, but the merits of the case made at the appellate court should hold up at the Supreme Court. Bush-Cheney tickets has roots originating in the oil industry. With millions at stake, the outcome of the election may sway policy toward this whole issue of reformulated gasoline as the new administration could have EPA stay/enforce the use of reformulated gas rule.
Stock Watch
ATML was up nearly 10% today raising Gilder up. ML Joe Osha raised ATML and other semi stocks. Very bullish.
ASYT up 18%. A chip maker riding the semi boom up to help Meisler portfolio.
DITC up 14% Revs up 345% from a year ago to assist Meisler. Ditech's pro forma net income available to common shareholders for the first quarter of fiscal 2001 was $14.2 million, up from $940,000 in the same quarter last year. Pro forma earnings per share for the first quarter was $0.47 compared to $0.04 for the same quarter last year. Stock has been beaten down and now running up. Still not hit the 200/50 day EMA yet.
CREE moved the J-blimps by going up 14% on making a well read top ten list. Fortune Top 10 : Accompanying Fortune's 100 Fastest Growing companies list was an article titled Ten Stocks: The Best of the Bunch; those stocks were: Network Appliance (NTAP), Solectron (SLR), Mercury Interactive (MERQ), Sapient (SAPE), i2 Tech (ITWO), RF Micro (RFMD), Cree (CREE), Comverse (CMVT), Forest Labs (FRX), and Guidant (GDT).
This portfolio has done OK since the big Nasdaq drop in late July. Only two down days in the last ten trading sessions with today being flat. Less volatility.
Watching the put/call ratio getting low again. A lot of optimism going into next week’s FOMC meeting. Usually the Nasdaq has rallied on FOMC days. Sure looks like rates won’t be raised. Many high flyers are getting bought in at levels I find expensive. I hate chasing stocks when the general trend has gone up on weak volume. I don’t like the advance/decline line of the Nasdaq. This rally is narrow and really only in the semis and a few others. The Nasdaq looks like a symetrical wedge that will resolve its direction before mid/late-September. We’ll be above 4600 or below 3200 by then. Just not sure which way it will go so portfolio is weighted toward NYSE tech stocks with reasonable P/Es. Playing it defensive if the market goes south and buying strong NYSE stocks in the various sectors to ride the group’s bullish pattern if the trend is up.
Greg (IOIH) said it best.
Gap and sell...that's the market we are in. Daytrading is tough...position trading and good stock picking is about all that works right now. You almost have to take the chance and hold stocks overnight in this market. Momo plays are few and far between.
Message 14237627
Jack |
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| To: Jack Hartmann who wrote (488) | 8/19/2000 12:10:00 AM | | From: Jack Hartmann | | | | W) Update on PRSF
Rev 15.2M to 20.8M to 28.1M to 39.0M to 50.6M Apr00
EPS (0.02) to (0.01) to 0.00 to 0.02 Apr00 per briefing.com
Listened to CC
- 64.5M in rev 28% q2q (was 37% q2q last q)
- 0.03 EPS (two cents better than 0.01 est)
- Added 80 new customers in the quarter now total 300
- PRSF working with CSCO to develop broadband solutions
- 10M of revs from Asia
- Getting 2 wins for internet telephony in China
- Won contracts with Sprint and Reuters
- License rev 69% of rev, Service is rest
- 13.7 in R&D, G&A at 8.0M
- License fee gross margin 99%
- Total margin is 80%
- 46.8M in acct rec and 59 for inventory turnover
- Will implement Oracle HR application this quarter
- Top ten customers were 29% of rev
- CSCO and SUNW are very strong in Japan. PRSF doing well in Japan. Japan is heavily regulated so they are finding out that it not cost efficient to develop this solution in house.
- Number one internet billing company. DOX ships to telecos. Ours is off the shelf software. Becoming safe solution in this area. Attracting the big customers.
- Only took 5 weeks to implement PRSF software in US West
- 15% tax rate this quarter
- Focus of company is market share
- Not seasonal but Europe is slow in summer
14 insider sales in July alone.
Summary
Momentum slowed in terms of revenues hence the WATCH rating. Seeing more red days in last weeks than green as momo players seek other companies. Company belong in any long term portfolio. A young SEBL maybe budding here.
I really don't like the flood of insider sales. Chart is indecisive. I'll just wait until things settle a little on this.
Jack |
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