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JDAS -
(09/26/02 - $6.77)
JDA Software should have support around the
current price according
to the chart. In early 1999 the stock traded at this level.
The absolute low was $5.75 and the closing low was $5.94 on April 8,
1999.
We are within 1 dollar of that now. Remembering that technical
analysis
is not an exact science we will recommend purchase at the current
price.
JDAS, which provides software solutions to the retail industry, has
$3.01
in cash per share and has a tangible book value of $4.65. The
stock
trades at less than 1x sales, has no debt, and remains
profitable.
We are looking for a long term double bottom with significant upside
potential.
UPDATE
2/06/03 : Recommend Selling at the Current Price
of $12.52 for a gain of 85%.
During the
same period the NASDAQ was up 6%.
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