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Strategies & Market Trends : CANSLIM - COAST TO COAST -- Ignore unavailable to you. Want to Upgrade?

To: Walk Softly who wrote (4991)	7/20/1999 6:49:00 PM
From: Carl Worth	Respond to of 6445

I don't know about IFLO printing stock, I will have to look into that. I do notice that the outstanding shares have increased by 8% or so year over year but the earnings have increased by 500% so a million shares wouldn't concern me that much. I also notice that there are no insider sales listed at all according to Yahoo finance so if they are using the shares to get rich, they certainly don't appear to think they're overvalued here. Anyway, I will definitely check it out. For whatever reason, probably internet competition, the music retailers have done terribly over the past year. I remember owning TWMC several times last year from the mid teens to as high as 30 or so from what I remember and last I looked it was around 12. I looked up MLG real quick and noticed that they blew their number away and still went down. However, I also noticed that some analyst upgraded his earnings estimates to 1.48 for this year and 1.49 for next year. A .01 earnings growth year over year would be a negative in my opinion and that might be another factor holding the stock back. I would be happy to see your targets of 11.6k and 3k. We held 11k pretty well today and most of the smaller stocks I own or follow did fine today so I don't think we've done any significant damage yet. My main concern at this point is the lack of anything to be a catalyst for the market to rally but if we don't get anything negative, perhaps we can rally anyway. It looks like we are at or very close to support here (11k, 1350/1370 S&P). If we break that, it's probably a good time to look into CASH. :) Carl

To: Walk Softly who wrote (4991)	7/21/1999 12:43:00 AM
From: Bruce A. Brotnov	Read Replies (2) \| Respond to of 6445

ES, we have had XIRC in the model from where we bought it at 24 9/16. It beat earnings nicely. Did you see ZOMX which reported .60 vs estimate of .31? I added to database tonight. PRGX is in our database and was up over $3 today when it beat estimates. NVH also beat estimates and was up. So far 9 of Poormans stocks have reported this week and they all beat estimates by at least .02. NVH a beat by .11 and RUSH was .17 which I think I mentioned earlier today. Scott - nothing wrong with taking some profits, as Henry says, you sleep better at night that way. (I sleep ok anyway). Carl, agreed, we need a few more days and tomorrow should be interesting as the indexes are sitting on 21 DMA. Our $10K model actually gained today with the "little guys". Bruce