NEW company(business model) old name like many others before it .Direct your question to these people, they will answer your questions not that you really want an answer , you appear to really only want to create uncertainty . . .
THE INNER CIRCLE NEWSLETTER TODAY
Microforum is about 50% off its' recent high of $12.
Technically, a 50% retracement after a strong run is not
uncommon and often a price consolidation takes place at this
level before a quality stock will move back up.
From a more fundamental point of view, Microforum has had a solid
revenue growth record (see below) and has expanded by
strategic acquisitions which in turn increase market share and
ultimately will drive earnings.
The moral of the story is, stick with quality revenue growth oriented
companies, buy when the share price is low, and take some profits
when the prices surge.
It sounds simple but few seem to do actually do this. For heads up
technical buy and sell opportunities, subscribe to Trade Alerts at
www.billridley.com
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MICROFORUM (MCF,TSE)
Institutionally Recommended by:
Canaccord Capital, based on Commerce Comparables whose
average P/S is 41.5, MCF's price target valuations are based on
FY 2000 projections with these P/S benchmarks:
P/S* Target Price
10 ****$13
15 ****$19.50
20 ****$26.00
Revenue Growth Background:
Microforum has shown excellent revenue growth in fiscal 1998. Q1
results which ended in May 31 posted a 310% revenue increase, Q2
which ended on August 31 posted another record revenue increase of
576% or over $6 million. Q3 results showed revenue growth jump of
625% which represents $9,059,212.
__________________________________________________________
TECHNICAL TRADING BOARD-MCF,TSE
Accumulation Date* Price********Technical Sell************Potential
>From 01/11/99------ $1.28------------01/19/99 $2.12**********+65%
>From 02/11/99------$1.55-------------04/13/99 $2.50 to $2.84 +61%~83%
(Notes: Sold 1/2 and held a core position)
------------------------------------04/28/99 $5.50 to $9.35+355%~603%
Target price exceeded. The TTB sold half again and will hold a core |
