The Naked Truth - Big Kahuna a Myth Message Board

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To: yard_man who wrote (18946)	2/10/1999 4:26:00 PM
From: John Pitera	Read Replies (1) of 86076

RE: CLX....there was also a fund manager interviewed by Ron Insana about 3:30 his fund was up 40 something last year ....real bull...just come from goldman tech conference...says tech is great, internet is great, computers great....mkt just having normal correction it has each year.......Insana says "you also like CLX" he says "yea I have to own some consumer stocks in the port. CLX has almost no foreign exposure and has been growing the business through acquisition of Armorall (s) and first brands.." I had looked at shorting it last week but it had made a new high on the 14 day RSI...usually means there is a higher high in price coming it is now diverging on the RSI so I will be consider shorting it in a few days...still may be going up for next day or 2 ... I got CLX wrong in Jan.expiry but did pick up 20 Oct 85 puts for a 1/2 back in Aug when it was still up at 103....rest of the mkt was breaking and it was holding up like the mighty mythman clx selling for 11.6 x book 29.3 x cash flow 42.6 PE trailing 34.0 pe next yr. huffing clx obviously as effective as glue to get prices higher

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