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Sunday, May 21, 2006 1:07:14 AM

Re: littlejohn post# 206

Post# of 1659
LJ Earnings rule:

"I think that GTW showed a profit at least one quarter of the last 4 trailing quarters"

I guess this still isn't clear. Here are the last 4 quarters for GTW. Beginning with most recent. -.03, -.05, +.04, +.05

The rule says that when you go back in time that if there are more earnings than losses for any PERIOD, that a stock qualifies. It is irrelevant whether there was a quarter that had earnings - UNLESS it was the most recent quarter.

In GTW's case, you have to go back FOUR quarters to have more earnings than losses (+.09 versus -.08 = +.01). Thus, it qualifies based on FOUR quarters.

But, just for the sake of clarity, let's say that GTW's last four quarters were (beginning with most recent) -.03, -.05, +.04, +.03 (versus +.05). If that were the case, it would not qualify and would have to be a Wild Card for this contest. The reason is that if you go back only one quarter, it is -.03, two quarters is -.08 (-.03 + -.05), three quarters is -.04 (-.03 + -.05 + .04) and four quarters is -.01 (-.03 + -.05 + .04 + .03).

Len

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