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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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