Hi Robert,
Not much has changed since I posted my CHRZ standings last week. My next sell is at 22 (holding out for an even 100 shares), and my next buy is way down at 11 5/8. I may adjust my buy resistance to raise the buy price a little higher.
I am pleased with the 24% profit on the position so far and still feel that this stock has a lot of upside potential. The whole IT sector has had a nice rebound and CHRZ is one of the few that seen a double from the low although most are right on it's heels.
Back in February when the whole sector was getting whacked, I was comparing CHRZ,CBSI,KEA,CATP,MAST,CPWR,SYNT and a few others, and settled on CHRZ to start an AIM account. Looking at the charts, most of the others would have done rather nicely also.
IMO, the y2k fears were way overblown for most of this group and IT services will continue to grow. Did you notice the customer list in CHRZ's annual report? They count over half of the Fortune 100 companies as their clients and are moving in the direction of e-commerce. Sounds like a good plan.
On another topic, the new PCA system is coming along very well and we are hoping to deliver a new copy to all our users in the next few months. The data-feed portion is proving to be somewhat complicated, and we even had someone offer to sell us a history file for $10,000! Nice try! Since we decided to go with C++, it has become quite a bit more tedious but I promise it will be worth the wait. We have a few new tricks under wraps that will add even more flexibility to the algorithm. I can't wait to unveil this thing, but you know how programmers are - always behind schedule and over budget!
Best Wishes,
Bill |
