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 approach would have me wait until the price breaks above resistance with strong volume. Right now it looks to me like resistance would be at just over $20.00. All of this depends on the condition of the market. Right now the market is in decline and I am waiting for some confirmation of an uptrend. It looks like Jetforms would be well positioned to move up in price when the market turns up again. From IBD it has an EPS/RS of 85/87 with a group strength rank of "A". I believe it is a leader in the field. The one big question others have raised is whether MicroSoft will leave this niche to JetForms and others or will move into the area and squash the competition.
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