Re: [CANSLIM] fwht pivot

From: Ian <ianstm@shaw.ca>
Subject: Re: [CANSLIM] fwht pivot
Date: Tue, 17 Jun 2003 20:19:54 -0700

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Something else you may wish to know about FWHT - within their last quarterly
PR (http://biz.yahoo.com/bw/030430/305735_1.html), is the following little
tidbit:

"Last, Google recently announced it was acquiring Applied Semantics, which
has been one of our five largest distribution partners over the last year.
While we think very highly of the Applied Semantics team, and will seek to
continue to work with them, we believe it is prudent to anticipate that
revenue from that relationship will decline significantly. Given the
inherent uncertainties over the timing and the financial impact of these
recent developments, we believe our actual results in Q2, Q3, and Q4 2003
could differ significantly from our current projections."

That seemed to be responsible for the drop from $14 to $9 in late
April/early May. I've been thinking that a short entry right near $15 would
provide a very tight stop and good upside downside potential. JMHO.

Cheers,

Ian




- ----- Original Message -----
From: "Simon MacMahon" <symon@nifty.com>
To: <canslim@lists.xmission.com>
Sent: Tuesday, June 17, 2003 6:21 AM
Subject: [CANSLIM] fwht pivot


>
> Greeting, I haven`t posted much as of yet so I thought I would get the
> ball rolling with a question I recently came across.  Regarding
> FindWhat.Com (Fwht), a stock with good fundamentals, accelerating
> earnings, decent group, RS 96, good margins and ROE.  It has recently
> been mentioned at CwHCharts.com with a CE of 15.63.  At that site the
> pivot is indicated to be at 15 in which case it hasn`t broken out yet,
> but if I were to have looked at the chart I would have put the pivot at
> 14.15 with a breakout having occurred on June 6th.    Any  thoughts
> would be appreciated.
>
>
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