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Strategies & Market Trends : CANSLIM - COAST TO COAST

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To: David Alan Cook who wrote (5820)12/31/1999 12:50:00 PM
From: David Alan Cook   of 6445
 
MTIC - Hitting New Highs - Another Turnaround Pick
My Three Reasons for Buying at $9.31 Close on 9 May 1999:
Stock hitting another new high today. . .very volatile stock

1) Stock trades at a steep discount to the Industry Average Price Ratios
* Recent Increase in Valuation - Now trades at a premium

2) Technical Indicators started to improve:http://finance.yahoo.com/q?s=MTIC&d=2y

3) New Products offer promise of a turnaround in earnings and revenue going forward.
* MTIC Has been soaring because of its switch to fiber channel-based technology and more importantly because it had acquired a 25% stake in privately held Caldera Systems

DC
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