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Strategies & Market Trends : Pump's daily trading recs, emphasis on short selling

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To: Michail Shadkin who started this subject7/17/2001 11:20:24 AM
From: Michail Shadkin  Read Replies (4) of 6873
 
My reasons for longing CTLM into earnings tonight

CTLM delivers products that enable broadband communications to the home and business. The Company provides broadband equipment vendors with system-level products for the DSL market, and is leveraging its core technology and expertise to develop products for complementary markets that share common technologies and customers.

Centillium Communications Confirms Revenue and Earnings Guidance for the Remainder of Fiscal 2001:
biz.yahoo.com

Estimate is +.05 this quarter
2001 is +.21
2002 is +.48

Last 4 quarter EPS vs estimates:
-.24 vs -.23
-.11 vs -.20
-.05 vs -.10
+.01 vs -.03 is the last quarter

So nice steady growth and improvement, while significantly beating the number.

Cap is 824 million
cash is 2.43/share

short interest is 20% so if they beat could see a nice short squeeze.

price/sales is 8.30 not outrageous.

There has been some significant insider selling earlier in the year:
biz.yahoo.com

I expect they will beat by 1-2 cents, and head higher after earnings tonight.

Nice support at 24.00

This is for aggressive accounts only as all earnings plays are.

1-2 day trade.

Michail
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