JOHN:
CLZR: It is a good company. ( I don't want to hype it to much, since I am long on CLZR)
As you said, the fundamentals are good:
The PE is 11.5 The PS 1.60
The PB 6.20 The PCF 11.39 The IO 32.87%. (13% Inst. & 19% WTW)
The sales in MRQ +49.38% and FY +59.96% The EPS/Y 114.72%
The LTD/S is 0.23 The ROA 31.74%
The ROE 91.01% recently as compared with 4.00% last year.
The ratings on IBD: 77 83 AAA( EPS/R RPS/R IGS SMR & A/D)
You can probably expect good news on the next CC and ER around Jan 19. There is a small float.
On the minus side there was some insider sales last July 28 at 13.21 (879,146 shares at $11,484,628)
From a technical standpoint, the 633.33% run from Oct 16, 1998 start at 3 to
the May 15, 1999 H at 22 was a rather GOOD one!!!
As you probably recall, after the Jul 98 bottom at 2.435 the stock made a
double bottom at 3 (Oct 9 & Oct 16). Some people don't consider the start of
the "run" until it was able to test and pass the Jul31 98 H of 5 on Oct 23 98. If
you think that way, the run from Oct to May was "only" a 340% one. ( After
all I said we don't want to hype it to much. )
The nearest support is now at 13 5/8 and the nearest resistance 16 1/2 and
after that at the August 27, 1999 H of 17 3/8.
When the stock clears the July 9, 1999 H of 19 1/8 you can expect a BIG short
squeeze (we don't want to call it an "stampede" ) that may propel the stock
past the May 15th H and into the upper 20s or low 30s.
Again, I want to remind you that my opinion is probably biased and you
should always do your own DD.
Good luck to you
Bernard |
