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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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I hold a bit of Jetform and I also folllow the Yahoo Finance "Jetform" board. One of the recent message suggests that Netscape is planning to enter that niche. You may be interested in that discussion.

By the way, what is the CANSLIM approach?

YD
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>>I hold a bit of Jetform and I also folllow the Yahoo Finance "Jetform" board. One of the recent
message suggests that Netscape is planning to enter that niche. You may be interested in that discussion.<<

Thanks for the heads up regarding Netscape from the Yahoo "JetForm" board. I haven't looked there for a while. I don't know what to think about Netscape entering the e-forms competition. If Netscape or Microsoft somehow could include powerful e-forms capability in their browsers it could be serious trouble for JetForms. On the other hand JetForms seems to be good at creating partnerships. A partnership with Microsoft would be more desirable I think. I'm afraid Netscape is in for a hard time holding market share. They were late in offering their browser while Microsoft was giving theirs away to gain share.

At work we're using browser software to access legacy systems and thus provide a common graphic user interface (GUI). I would much rather access a DB2 report by selecting a link from Netscape than getting into DB2 itself.


>>By the way, what is the CANSLIM approach?<<

I'll just give you the very short version and tell you where you can learn more. CANSLIM is an investing philosophy and method that was developed by William O'Neil (WON), Publisher of Investors Business Daily. Each of the letters in C-A-N-S-L-I-M stands for a criteria that WON has determined is important in investing success. The method is described in his book How to Make Money In Stocks.

Among other things, WON says that you should be in stocks that have accelerating earnings growth and have demonstrated growth in share price.

WON is doing a weekly article on aspects of CANSLIM in Investors Business Daily on Mondays. On Friday there was an excellent article on how to spot market tops. Either tomorrow or next Friday will be an article on identifying market bottoms.

For more information check out the CANSLIM board here on FOOL or on Yahoo (the discussions on the CANSLIM board on Yahoo is much more technically advanced but there is good discussion on the FOOL board too).

Hope I haven't given you more than you really wanted.
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