MIND??

[bobs]

Any thoughts on this steady price decline? Bob

[setliff]

i chalk it up to the market sentiment that has a euro recession coming that will weaken ww economy and decreasing crude demand and lowering crude prices. some equities have found a bottom for now, ie pten, gpor, et al.

exxi and mind have held up well, until today. both broke support. i sold hoping ( ) to get back in lower. i am sure others sold on the technicals as well.

all fwiw

jim

[setliff]

i might add most volume was low. exxi had avg vol though which supports my thesis. mind had low vol which makes my position less formidable.

jim

[dan_s]

The average of the four analysts that have submitted EPS estimates to First Call is $0.83/share earnings for the quarter that ended April 30. If MIND hits that, it will be the best quarter in the history of the company. Per my model, MIND should earn $0.75/share. Either way the company is on-track for the best year in its long history. BTW MIND has crushed my forecast the last two quarters, so my forecast is probably way to low.

MIND is virtually debt free and trading at just over 4X CFPS.