Veltex Corporation (VLXC)

[Growth And Value]

10 Day line has shown support!

http://stockcharts.com/def/servlet/SC.web?c=VLXC,uu[m,a]daclyyay[pb10!b20][vc60][iUb14!La12,26,9]&am...

Although VLXC did go down a little for 3 days in a row, they were all on much lower volume than the 5 big volume up days.

I'm hoping that the details of the John Daly deal and other good news to come (hopefully), will allow the stock to break-out above $2.60.

All indications show that the Veltex-Explorer division was a great deal. 7 Million sales, 1 million net income this year. Probably 14 Million sales, 2 million net income in 2006. For just 2 Million shares and some cash.

The cash either came from Bangladesh, or 2004 earnings. Either way it's a good sign to me.