Re: [CANSLIM] DRTE

From: Tomas <tomas986@yahoo.com>
Subject: Re: [CANSLIM] DRTE
Date: Thu, 14 Aug 2003 09:05:10 -0700 (PDT)

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Yien,

Just one comment on the chart.  IMO, the price range
for the last 2 months is too big for a flat base.  On
some days, it swings from $12-$13.  That's most a 10%
swing, too large for a constructive flat base.

Regards,
tomas


- --- Yien T Lung <ylung@engin.umich.edu> wrote:
> hi guys,
> 
> Please give me your input on DRTE. Here is my take.
> 
> 1) It released earnings today. Quarter over quarter
> EPS growth is 26%
> (accounting for acquisition). Previous quarter EPS
> growth was 22%
> 2) Quarterly Sales growth increased by 21%.
> 3) Technically, I believe DRTE has been trading on a
> flat base for the
> past 9-10 weeks with lower volume. It gapped up
> today and broke into a new
> price high on high volume. The RS line has also shot
> up to a new high.
> 4) This stock belongs to the SP Small Caps
> benchmark. So I guess this
> could mean that it is a reasonably small company
> (less shares outstanding)
> but with enough liquidity
> 5) Leader or Laggard? According to the IBD website,
> its industry Group
> Relative Strength is A+. It currently holds the
> second spot, after PRWK
> (which was bought over by Kodak) in attractiveness.
> 6) Acc/Distr is A-
> 
> 
> Cheers,
> Yien
> 
> 
> 
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