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Strategies & Market Trends : Charts for Breakout

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To: Julius Wong who wrote (3430)	11/28/2002 4:02:17 AM
From: PAUL THOMAS	of 3506

Julius,Thanks for the acknowledgement.NWRE broke out aggressively on 11/25 out of a cup and handle formation.The stage was set for this by IBD over the weekend when in The Monday paper and the IBD web site NWRE was highlighted as being just below the $18 pivot point.NWRE is a classic IBD star.It has been mentioned in featured stories,and carries an overall very high relative EPS and relative price ratings. The 18% gain on the 25th was catalyzed however by short covering.You can't even get shares to short.NWRE is again at a watershead moment as on a retrospective basis and forward basis. It is fully valued at todays $20 price and .43$ june 2003 fiscal year 3 analyst average earnings estimate of .43$The management has not in their conference calls set expectations much higher either.NWRE will not significantly beat the quarterly EPS estimates until the March Quarterly results are published when the full fruits of their alliance with IBM will be felt for the first time.I expect NWRE will split 3 for 2 to increase the float in order to attract new institutional support.I believe it will happen after the price is comfortably above $22.50.I plan to attend the annual meeting on December 4th.In the last 2 days NWRE has fallen and regained sharply.I am betting it will correct back to a lower Bollinger band.I am currently not sitting on any position.I am trading excessively and sometimes account for close to 5% of the daily volume.I continue to belive NWRE is a superb stock to swing trade but one that requires tight stops.When I screen against historical high revenue growth,profitablity and EPS growth fundamentals NWRE is one of a list of only a dozen of companies.It will continue on a forward basis to repeat this selectivity.NWRE is not for the faint of heart to invest in.

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