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Strategies & Market Trends : InvestRight - Short Term Trading St -- Ignore unavailable to you. Want to Upgrade?


To: Dave Dalry who wrote (148)9/14/1998 12:26:00 PM
From: Jeffrey L. Henken  Read Replies (3) | Respond to of 939
 
Dave I would like to say today or maybe tomorrow for the start of lots of good news on CLCK but who can know for certain. News should certainly be released soon. In my opinion this weakness lately is indeed a buying opportunity.

CLCK's earnings this quarter will more than likely outpace the combined 8 cents earned in the first two quarters this year. CLCK sold off a bit late on Friday and still seems weak this morning on light volume. Impatient shareholders are selling shares. Who can blame them? The news lately has been mixed at best and the company has been forced into a very defensive position.

So Good news is long overdue.

The stock is still way over the 200 day moving average and is poised for a real rise on good news:

dailystocks.net

I'm looking for a signal and I think it's coming soon. I think once we see a full report posted on the Westergaard site that we will finally see a cascade of good news and some extremely strong buying. Here is a URL for what Mr Westergaard has already written about the company:

wbn.com:8080/CLCK/index.html

Now we might not have to wait for this report but I believe that once you see a ProVestor Report written for CLCK that there will be plenty of good news released for CLCK. Why you might ask? Well my logic is based on these sets of facts: Westergaard's first report was released almost immediately before the company's biggest accounts customer BestBank was taken over by the FDIC. No business has been lost but it scared investors all the same. The stock traded as high as 5 3/8's immediately before the FDIC took over BestBank's accounts. On Friday it closed at 3 1/2. Mr Westergaard is going to want to look good when he publishes that ProVestor Report.

Despite the closure of BestBank there has been no loss of business. In fact CLCK has been negotiating with a number of new banks to place a number of debit card programs they have been getting underway. CLCK is well aware that they need to diversify business so they will not be so dependent on any single company. This is exactly what I expect we will be seeing from Columbia Capital soon.

This is going to be a great short term and long term investment, especially from these levels.

InvestRight

Regards, Jeff