EliteG Infinite Compound Project

[higherstocks]

Hey EliteG,  Trying to understand a little more on the G Pattern was wondering if you are watching BSIO for maybe a G-Pattern?

[Stocksquire]

Keep CKEI on your radar screens.  I wouldn't buy yet, as we need a confirmed break of the downtrend.  Probably a good idea to wait for the break of the local G spot, which could take a few more days if the downtrend reverses.  I like this one because a little DD reveals that the insiders believe in the company, and that there is the potential for explosive growth.  I do not currently own any shares.

[agatto2]

Hi guys ,,, i wanted to add a few words that i hope help some of the traders out there trying to make a few dollars . I fell that most of the traders here, but not all have excellent execution. So when they hit a trigger they can buy at that price almost right away, and when they need to sell same deal. Elite has realtick.com and uses Terranova online brokers , both excellent , and both very fast. Im using scottrade, its like using a  bb gun to knock off a deer.  , i am a hvac contractor with some awsome tools on my truck that lets me install an ac unit in your home in 3 hours, your install time 3 days   my point being ( for me ) execution in some of these cases is critical , and investing in that will help greately.  If im wrong please correct.    'tonyg

[agatto2]

gap up and we will see if it will b a g

[BadarZ]

Was looking at SFP for some G action. The big spike was on this news:

"Holders of Approximately 62.3% of Senior Subordinated Notes Due 2005 Agree to Tender Their Notes"

Volume should pick up as it rises again..

GL
BadarZ

[eliteG]

Hey EliteG,  Trying to understand a little more on the G Pattern was wondering if you are watching BSIO for maybe a G-Pattern?

looks good higher 

[eliteG]

Hey guys    another research item I have been working on is pre-Earnings TA.  I know a crazy  thought but I figured I would test some of my results here with a small% of my port.

I am looking at AMT  ISSX  LSI.   

I would def appreciate thoughts as I plan to enter just before close. 

goodtrading 

I'll post more info soon...

Edit:  kinda forgot to say what I was doing exactly which is..buying near close..selling after reaction either post-market, pre-market or with a trailing stop the following day.

oh..it doesnt get much riskier than this..

2nd edit: not considering pennies

[eliteG]

will be looking to get into ISSX for the earnings project. 

The plan is a buy if it crosses above 22.67 or to wait just before close for a buy.

ISSX - Internet Security Systems, Inc. (ISS), together with its subsidiaries, provides software, appliances, and services that protect information technology (IT) infrastructures against Internet threats worldwide. The company's software and appliance products provide preemptive security across various layers of IT infrastructure, including network gateways, servers, and endpoint devices like personal computers, laptops, and handhelds. Its products incorporate various security technologies, including intrusion prevention systems, intrusion detection systems, firewall and virtual private networking, content security, Web filtering, antispam, antivirus, vulnerability assessment, and security management. ISS offers its products under various trade names, including Proventia, SiteProtector, Internet Scanner, RealSecure, BlackICE PC Protection, and BlackICE Server Protection.

[eliteG]

my buy stop triggered:

bought ISSX @ 22.69

[eliteG]

xcuse the sloppiness.. just trying to get some charts in here

[eliteG]

ouch.. negative reaction to earnings for ISSX.. but I have seen these big guys turn it around by the next day..so I will hold till tomorrow.  0 for 1 i guess.  This is the release:

ATLANTA--(BUSINESS WIRE)--July 27, 2005--Internet Security Systems, Inc. (ISS) (Nasdaq: ISSX - News), a leading global provider of preemptive enterprise security solutions, today announced financial results for the second quarter ended June 30, 2005. ISS also provided its business outlook for the third quarter and 2005, and announced a stock repurchase program for up to $100 million.

Second Quarter Revenues

Revenues were $79,100,000 for the second quarter of 2005, a 14 percent increase compared with second quarter 2004 revenues of $69,540,000.

GAAP Earnings

Reported net income under generally accepted accounting principles (GAAP) for the second quarter of 2005 was $8,261,000, or $0.18 per diluted share, compared to reported net income of $5,460,000, or $0.11 per diluted share, in the second quarter of 2004.

Non-GAAP Earnings

Non-GAAP net income for all periods in 2005 and 2004 excludes the after-tax impact of non-cash acquisition expense for amortization of intangibles and acquisition related compensation charges for unvested stock options. Non-GAAP net income for the second quarter of 2005 was $9,401,000, or $0.20 per diluted share, compared to $6,636,000, or $0.14 per diluted share, in the second quarter of 2004.

"The solid growth of revenue and earnings during the second quarter demonstrates ISS' leadership position and competitive advantage in the global marketplace," said Tom Noonan, chairman, president and CEO of Internet Security Systems. "We are well positioned as the premier enterprise security vendor of choice and we believe this will become more apparent as enterprises consolidate their security platforms with fewer vendors. When facing the ever-evolving threat landscape, our unique, preemptive approach to security enables us to meet the complex needs of our customers and partners."

Business Outlook

The following Business Outlook is based on current expectations. The statements in this Business Outlook are forward-looking, and actual results may differ materially. These statements do not reflect the potential impact of any mergers, acquisitions or other business combinations that may be completed after the date of this press release.

During the quarter, ISS' corporate representatives may reiterate the company's published Business Outlook during private meetings with investors, investment analysts, the media and others. At the same time, ISS will keep its most current earnings release and any subsequent press releases containing the then current Business Outlook publicly available on its Web site at www.iss.net. Prior to the start of ISS' quiet period for the third quarter of 2005, the public can continue to rely on the Business Outlook set forth in this press release as being ISS' current expectations on matters covered, unless ISS publishes a notice stating otherwise. During the quiet period, ISS and its corporate representatives will not comment concerning the previously published Business Outlook. During the quiet period, the company's press releases and filings with the SEC should be considered historical, speaking as of prior to the quiet period only and not subject to update by the company. ISS' quiet period at the end of the third quarter is expected to run from September 15, 2005 until financial results are released in October 2005.

This business outlook assumes that the enterprise spending environment remains stable and the competitive landscape will not change significantly, recognizing that there will continue to be competitive alternatives to our product offerings. In providing this guidance, we have assumed that foreign exchange for the euro and the yen compared to the dollar remains stable at current rates. The dollar strengthened during the second quarter and into July against both the euro and the yen. Compared to exchange rates at the time of our prior guidance in April, foreign exchange rate changes have negatively impacted expected EMEA and Asia/Pac results for 2005 by more than $5 million in revenues and $2 million of operating income.

For the quarter ending September 30, 2005, ISS currently expects to achieve revenues in the range of $80,000,000 to $84,000,000. GAAP net income is expected to be in the range of $0.17 to $0.20 per diluted share. Non-GAAP net income is expected to be in the range of $0.20 to $0.22 per diluted share.

For the year ending December 31, 2005, ISS currently expects to achieve revenues in the range of $325,000,000 to $335,000,000. GAAP net income is expected to be in the range of $0.71 to $0.75 per diluted share. Non-GAAP net income is expected to be in the range of $0.81 to $0.85 per diluted share.

Non-GAAP net income excludes non-cash acquisition related charges, consisting of amortization of intangibles and compensation charges for unvested stock options and the tax effect of these adjustments, estimated to be $1,150,000 for the quarter ending September 30, 2005 and $4,600,000 for the year ending December 31, 2005.

Non-GAAP financial measures used in this press release are reconciled to the appropriate GAAP measures in the schedule following the Consolidated Statements of Operations and the Business Outlook Reconciliation schedule included with this press release. Reconciliation information can also be found in ISS' Form 8-K filed today with the Securities and Exchange Commission and available through ISS' Web site at www.iss.net or the Securities and Exchange Commission Web site at www.sec.gov.

Stock Repurchase Program

The ISS Board of Directors has also approved a new stock repurchase program. Under the new stock repurchase program, ISS may repurchase up to $100 million of its outstanding common stock over the 12 months ending July 19, 2006. Purchases under the program may be made from time to time in private transactions or open market purchases as permitted by securities laws and other legal requirements. The program may be discontinued at any time.

[atalltexan]

Looks like ISSX is down 7% in afterhours trading (-$1.59).

[agatto2]

earnings who can figure that, but i have a felling that eliteg might b right on this one

[drexler]

question for EliteG or others here who have tracked their results with the "g spot" strategy:

is it always necessary for the stock to rise back to the g-spot for confirmation (or would it be more profitable to buy once the stock has corrected and leveled off: selling pressure is gone)?

you may not hit a home run every time, but you would have 10-50% profit between the leveling off and reaching the g-spot.

I'm curious if any of you have noticed if this second strategy is more profitable, since I have seen several members including Ramsburg saying they can't wait any longer and buy before the g-spot confirmation

[eliteG]

interesting idea drex but I think that there are a lot of stage 1,2 g patterns but 2 doesnt always retrace bact to 1s high... and some of them sink or maybe even worse..do nothing and volume dries.  Thats why I wait for 3.  But I guess if you really believe n the reasons for stage 1 and stage 2 is solid... might be worth a try?