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Technology Stocks : John, Mike & Tom's Wild World of Stocks -- Ignore unavailable to you. Want to Upgrade?


To: John Pitera who wrote (2746)5/24/2002 10:58:53 AM
From: Logain Ablar  Respond to of 2850
 
Hi John:

John I just wonder what Blodgett will be guilty of.

Hey maybe, just maybe CMRC has bottomed. Here is an article on B2B companies.

theinternetanalyst.com

Here CMRC finally has a sale of its new product. For a while it was looking as if the product didn’t have a market so this is positive.

biz.yahoo.com

Here CMRC with SAP (so not sure how positive this is) is selling product.

biz.yahoo.com

IMO the underlying theme is this is the first positive news in over a year. They need the positive news to help with sales.

With cash to last over a year and a half (a real rough guess since 4 months ago they indicated $180M @ year end and 1 month ago indicated $150M) buying in @ under 85 cents level may be OK. Some of the risk was taken out of the stock this week. Its big draw back going forward is the size of its outstanding shares.

TA wise it needs to survive the NAZ sell off and hold above its recent low. Would like to see Hoffman make a statement by buying 1M+ shares. Insider buys would confirm management feels bottom is in.

Of course I’ve been wrong on this stock for a while so take all comments with a grain of salt (I mean ton of salt with this stock)

Tim