Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev | Next
Author: OzHog Two stars, 250 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 23  
Subject: Some CANSLIM and Technical Thoughts Date: 8/22/1998 11:03 AM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
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.
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev | Next

Announcements

Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Post of the Day:
Value Hounds

Considerable Headwinds for Profire Energy?
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement