One stock that I’ve followed for a long time is a small New England-based server apps provider named Network Engines. I made a lot of money on a run-up it had years ago, so I’ve always kept it on my radar. CEO Greg Shortell has done a great job in recent years of taking a company that was always losing money, into a consistently profitable company. Margins aren’t great, it’s not a great business, but he’s done a good job, I think.
Anyway, they reported very good earnings a few days ago. And after selling off brutally in May due to losing some business from Oracle – by far their biggest customer – they have based, and now started moving up. It looks to me like their chart may be forming a breakout.
I do own NEI at the moment, but could take profits at any time if it looks like the breakout is breaking down.