[CANSLIM] UTSI What am I missing?

From: "John Solarno" <workvirt@workvirtual.com>
Subject: [CANSLIM] UTSI What am I missing?
Date: Thu, 17 Jul 2003 16:27:42 -0400

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Every once in a while I get this forlorn feeling that for all of my =
reading
and examination, the behavior of the stock market will forever remain a
mystery for me.

Here's today's example.  I got stopped out on UTSI, which at one point
today, had shed as much as 15% from its high of 42.10 on Tuesday.  (I =
had a
stop set at 37.)

The chart has been a dependable LLUR since March.  VectorVest's analysis
says the fundamentals are all excellent.  And today the company =
announced a
75% increase in sales, topping the consensus by 3 cents a share. (See
article below.)

So my question is: if the chart is great, the fundamentals are great, =
and
the earnings are great, what's not to like?  What am I missing here? =
What do
the sellers know that I didn't?  Is it just the larger market action =
putting
everyone, even owners of a great stock like UTSI, in a selling mood?

John Solarno

- ---------

D=E9j=E0 vu: UTStarcom sees strong profit=20


WASHINGTON (CBS.MW) - Fueled by steady growth in sales, UTStarcom on
Thursday generated a 53 percent increase in second-quarter profit and =
lifted
its financial forecast for the second time this year.

The company said it earned $39.4 million, or 33 cents a share, up from =
$25.7
million, or 22 cents, a year ago. That topped the 30-cent consensus =
estimate
of analysts surveyed by Thomson First Call.=20

The company, which makes switches and software to operate landline and
wireless phone networks, posted a 75 percent increase in sales to a =
record
$405.8 million from $231.5 million a year earlier. Wall Street had been
expecting sales of $388 million.=20

Looking ahead, UTStarcom (UTSI: news, chart, profile) boosted its
third-quarter and full-year forecast.=20



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