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Strategies & Market Trends : YEEHAW CANDIDATES -- Ignore unavailable to you. Want to Upgrade?


To: Ken W who wrote (3465)10/27/2003 1:14:36 PM
From: Jibacoa  Respond to of 23958
 
Thanks Ken and Congrats on your 30 yrs.

Re: FORG It seems it should be up today for the 4th day on a roll as it moves over the resistance at the 2.99 level.

It needs to close above 3.05 The PSML data on the daily chart at present: 3.00 2.93 3.04 and 3.15

On the weekly chart:3.00 3.07 3.05 and 2.63

On the monthly chart: 3.00 2.92 2.57 and 1.02

The price and the averages remain on the right UPTREND sequence on the monthly chart. But there is still some work to do on the daily and weekly charts.<g>

The RSI is at 73 but rising and the PE is now at 8 There was a significant 105% and 191% improvement on revenues on the 3nd & 4th Qs respectively and even if there is no further increase,that should also compare very favorably with the 1st Q of 2003 (24.3M vs. 6.07M)The 1st and 2nd Qs in 2003 were on the black (0.01 each) and substantially better than the red ink in 2002 but although there are no analyst's estimates it seems that those numbers should be easy to beat.<g>

It seems to me that the stock should be able to trade above its June 2002 H of 5.67 sometime in the near future.

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Others in that group (EVOL EPIC SCOX ASPT and QADI) also seem to be doing well.(But now out of my buying range.<g>)

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RAGL

Bernard