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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?


To: DM who wrote (14376)5/10/1999 10:30:00 PM
From: D. K. G.  Read Replies (1) | Respond to of 56535
 
thanks DM, keeping a close eye on CACS. A telecom-equip maker cut in half. They make equip used by competitive local exchange carriers (CLECs) that helps them condense the # of phone lines the have to rent from the baby bells. Save the CLECs money and improves efficiency.

CACS has had awesome revenue and eps growth. Consistently beaten consensus estimates biz.yahoo.com
This wide margin of upside suggests the analysts have not quite figured out the stock.

I guess there is concern over some competitors(PRMS) coming out with a similar product even has CACS keeps forging ahead.
biz.yahoo.com

TA wise it is oversold on the rsi, stochastics. Looks to be making a bottom although it gave a bearish candlestick today: litwick.com

The stock has been in a protracted down trend so such a signal puts me on hold for entry. Ideally I'd like to some kind of reversal pattern with huge volume, much like what happened in neon. Usually the RSI or stochastics turn at the same time, giving you good entry pt.

thanks again

dkg