5/19/2006 Update

Market continued to slide last week and we were not immune, although we did have a couple stocks move up. IYXI, CTIG and AVSO announced earnings last week also:

MIVA–(Buy price $3.80, Valuation $9.10). MIVA actually went up $.19 last week to close at $3.98 from $3.79 last week. Up 5%. Couple of insider buys reported (26,000 shares). BUY

Datawatch-(Buy price $3.66, Valuation $9.31). Closed at $3.48 from $3.76 last week. Now down 5%. I bought more at $3.59. BUY.

Inforte-(Buy price $4.11, Valuation $7.32). Closed up $.02 (!) at $4.97 in a bad market. Up 21%. HOLD for $6.00


LINN.ob-(Buy Price $.36, Valuation $.79). Dropped back down to $.305 from $.36 last week. Now down 20%. Still a BUY

OPTO.ob-(Buy Price $1.25, Valuation $3.09). Closed at $1.41, down $.04 from last week and up 13% so far. Another press release last week, but not enough to keep it from going down with the markets. HOLD

AVSO.ob-(Buy price $1.19, Valuation–Moved up to $3.81! from $3.14). Released earnings last week and they were very good, but the stock dropped like a stone to $2.15. Now up only 81%. Sales were $11 million, up 5.5%, Net Income was $1.277 million or $.07 a share (un-taxed), but down from $.18 last year when they had a big one-time software sale. Nine-month earnings were $.14 a share (un-taxed also). HOLD/BUY a little if you don’t have any.

CTIG.ob-(Buy Price $.27 ask, Valuation $.82 down from $1.10). Up $.04 last to $.36 ask, up 33%. Earnings released last week, sales came in at $3.1 million down 3% from last year and they had a loss of $785,000. Cash was still $.28 per share, so it is still too cheap. HOLD

IYXI.ob–(Buy Price $1.91, Valuation–over $3.00). IYXI released earnings last week. Sales were $21.4 million and the loss was reduced to $2.6 million ($.06 a share). EBITDA was positive $1.6 million which is a good sign. They are still projecting huge numbers going forward–2006 sales of $150 million, 2007 sales of $250 million and net margins of 3% and 10% respectively. If they even look like they will get close to the 2007 targets–this should be a $5 stock. Still risky because of debt load and acquisition plans. Closed at $2.35, down $.08. Up 23%. HOLD


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