3SOF

An after lunch move...
+4.90%.....Volume @ 524,295 and moving

FORD is now on the BUYINS Imminent List

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Shorts swarm Forward shares after Razr rally
Thu Aug 25, 2005 05:04 PM ET
By Scott Malone
NEW YORK, Aug 25 (Reuters) - Short-sellers are moving in on the soaring shares of Forward Industries Inc. (FORD.O: Quote, Profile, Research) , a maker of mobile-phone cases.

Its stock has surged more than sixfold this year, but shorts argue the company is overly reliant on a case for Motorola Inc.'s (MOT.N: Quote, Profile, Research) trendy Razr phone.

Short interest in the shares rose 23.2 percent in August, according to Nasdaq data released on Thursday. The exchange reported that 2.6 million Forward shares were held short, representing 37 percent of the 7 million shares outstanding.

Short sellers bet on declining share prices. They borrow shares and sell them, hoping to buy them back later at a lower price and pocket the difference.

Forward's shares ended 2004 at $4.18 and rocketed as high as $29 on Aug. 3. On Thursday they closed at $23.22, off 23 cents for the day.

One investor with a short position in the shares said he believes the company is overdependent on its Razr case. That product, which is shipped in the box with Razr phones, accounted for 39 percent of Forward's revenues for the nine months ended June 30, according to a filing with the Securities and Exchange Commission.

"That's a trend," said the trader, who spoke on condition of anonymity. "Those cell phone manufacturers usually have the hottest phone for six to nine months and then somebody else has got the better thing."

Calls to Forward seeking comment were not returned on Thursday.

Forward also produces cases for phones made by Nokia (NOK1V.HE: Quote, Profile, Research) , the world's No. 1 cell phone maker. Motorola is No. 2.

The Motorola business helped the company post nine-months earnings of $6 million, up from $1 million a year earlier. Revenues were $33.3 million, more than double the $14.7 million posted a year earlier. The shares are currently trading at a price-to-earnings ratio of 24.

"You're paying a high multiple for a company with a fickle outlook with very, very short visibility," the investor argued.


© Reuters 2005. All Rights Reserved.

End of day chart.

Technicals
Last Price Quote is:
-4.39%below 13-day EMA
2.71%above 50-day EMA
RS Rating: 77 

Fundamentals
Key Data:
Market Cap (M): $174.87 
P/E Ratio: 24.96 
PEG Ratio: N/A 
Next Earnings: N/A
Last Analyst Rating: N/A

Starting to make a move up in the last hour.
+4.91%......Volume....564,665

very active this morning
+6.63%......Volume @ 492,889

FORD Kicked ass today......
Breaking out of major resistance......
At the bottom of Bullish Channel and breaking out of resistance with big volume to back it.
Support @ $25.02.....23.25....21.93
Resistance @ $27.39....28.39....29.49

Technicals
Percentage Gainer

Last Price Quote is:
14.77%above 13-day EMA
22.19%above 50-day EMA
RS Rating: 87 

bizjournals.com
Forward exec uses options to generate cash
Thursday September 8, 9:05 am ET


The president and chief operating officer at Forward Industries kicked off this month by adding $442,600 to his bank account.
Michael Schiffman reported using stock options to buy 20,000 shares in the Pompano Beach-based carrying case designer and distributor, Sept. 1. The same day, he said he sold the shares for an average $25.38 a share, or more than seven times the $3.25 a share he paid.


For Sept. 1, the day of the transaction, the money Schiffman received for his shares was within the market range.

The transaction left the officer with the same 302,427 directly held Forward (NASDAQ: FORD - News) shares he'd had before the deals.

Schiffman has been Forward's president and COO since 1998, following his tenure as executive vice president starting in 1992. Before that, he held various jobs with the company, starting as a salesman in 1985.

The executive has also been a Forward director since 1992.

Last year, the company reported paying him a $300,000 salary and $88,800 bonus. The salary was down $10,000 from the year before, while the bonus saw a $26,200 dip.

Shares closed Wednesday at $26.25. The 52-week high was $29 on Aug. 3. The 52-week low was $2.02 on Oct. 28.

Published September 8, 2005 by the South Florida Business Journal

Moving on up......

Bought FORD for a daytrade.
Bid-11.02
Ask-11.05

Sold off on lowered guidance,rebounding some now.

Related Quotes
Sym.   Price Chg.
FORD Trade
News 11.33 -3.39
Forward Industries sees lower 1st quarter earnings

December 23, 2005 10:03:17 (ET)


NEW YORK, Dec 23 (Reuters) - Forward Industries Inc. (FORD,Trade), a maker of mobile-phone cases, said on Friday it expects lower first-quarter earnings and revenue due to delay in shipments and pricing pressure.

The Pompano Beach-based company said it now expects profit for its first quarter ending Dec. 31 of 8 cents to 12 cents per share, on revenue of $8.3 million to $8.7 million. The company had earned 21 cents per share on revenue of $8.9 million in the prior-year quarter. It also said number of shares outstanding rose about 20 percent from last year.
   

Great bounce play from $10's to $11's 

Entered this AM @ 9.62. Seems like a great bottom play. I couldn't pass this up. Hopefully get some shorts covering and get this off the buyins.com naked list

Doubled position at 9.10 this am. Hope this run goes and gets shorts covering. Should launch more once that happens.

Went long 1000 @ 9.12. The next big up day in the markets, the shorts will start covering.I think next week being the first week of the new year the markets will see a nice rebound from this weeks sell off.Happy New Year.

stopped out at 8.99 while at lunch. That sucked.