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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: Peach who wrote (41967)	6/11/2003 10:38:53 AM
From: Jorj X Mckie	Read Replies (3) \| Respond to of 57110

I found the perfect long. The chart is actually very bullish. Very nice bull flag. But you have to read the business profile from yahoo. The stock has gone up some 20% since march with having no business and no business prospects. CLRS stockcharts.com[r,a]daclynay[pb50!b200][iUb14!La12,26,9!Li10,10!Lh5,5!Lp14,3,3!Lc20]&pref=G biz.yahoo.com Clarus Corporation is in transition. The Company previously developed, marketed and supported Internet-based business-to-business e-commerce solutions that automate the procurement, sourcing and settlement of goods and services. In December 2002, the Company sold substantially all of the operating assets related to its software business. Clarus is pursuing an asset redeployment strategy in which it will use its cash and cash equivalents to acquire or merge with an operating business that will serve as a platform company, enhancing future growth and shareholder value. The Company is actively seeking to acquire one or more established businesses and is not targeting specific industries. Clarus Corporation has no business operations and is seeking potential acquisition and merger candidates. It was formerly a provider of e-commerce business solutions until the sale of its assets in 12/02. For the three months ended 3/31/03, revenues fell 99% to $53 thousand. Net loss fell 63% to $2.4 million. Revenues reflect the sale of substantially all operating assets. Lower loss reflects the absence of marketing expenses and research and development costs.