The Motley Fool Discussion Boards
Stocks J / JetForm Corporation
|Subject: Some CANSLIM and Technical Thoughts||Date: 8/22/1998 11:03 AM|
|Author: OzHog||Number: 10 of 23|
For the last several months I have been following a CANSLIM approach to investing and so my
comments here should be taken with that in mind.
JetForms is one of the stocks I have watched for some time. I am a little familiar with their product
and believe there will be tremendous growth in the use of E-forms in the future for government and
business. Just one example is in accident report forms police fill out and send to the responsible
state agency. This information must be reentered numerous times unless it is captured electronically
the first time and exchanged in that form.
The stock price has declined since April 23rd. A rally in late June stalled short of the April high
price. The price of the stock is now approaching its 200 dma around $17.50. The 200 dma has
been penetrated a couple of times recently and it looks like there is good support just below
$16.00 if the price dips that low.
As I said, I have been following the CANSLIM approach and that appro