2/12/2014 1:02:38 PM - Gapped up today hitting new 52-week and all-time highs. Reported earnings -28% on +26% sales revenues for the Dec '13 quarter. Gapped up from below its 50 DMA line when last noted with caution in the 2/07/14 mid-day report - "Reported earnings -2% on +20% sales revenues for the Sep '13 quarter, below the +25% minimum earnings guideline (C criteria) raising greater fundamental concerns. Rebounded after violating its 50 DMA line with volume-driven losses in early-October. Subsequent losses undercutting recent lows in the $68 area would raise greater concerns and trigger a more worrisome technical sell signal. Prior mid-day reports repeatedly cautioned members - "Fundamentals remain a concern."

2/7/2014 12:47:27 PM - Gapped up today, rebounding from below its 50 DMA line. Last noted with caution in the 10/31/13 mid-day report - "Reported earnings -2% on +20% sales revenues for the Sep '13 quarter, below the +25% minimum earnings guideline (C criteria) raising greater fundamental concerns. Rebounded after violating its 50 DMA line with volume-driven losses in early-October. Subsequent losses undercutting recent lows in the $68 area would raise greater concerns and trigger a more worrisome technical sell signal. Prior mid-day reports repeatedly cautioned members - "Fundamentals remain a concern."

10/31/2013 1:34:37 PM - Hitting a new 52-week high today after a gap up. Reported earnings -2% on +20% sales revenues for the Sep '13 quarter, below the +25% minimum earnings guideline (C criteria) raising greater fundamental concerns. Rebounded after violating its 50 DMA line with volume-driven losses in early-October. Subsequent losses undercutting recent lows in the $68 area would raise greater concerns and trigger a more worrisome technical sell signal. Prior mid-day reports repeatedly cautioned members - "Fundamentals remain a concern."

10/22/2013 1:01:08 PM - Rebounded and consolidating near its 50 DMA line after violating it with volume-driven losses in early-October. Subsequent losses undercutting recent lows in the $68 area would raise greater concerns and trigger a more worrisome technical sell signal. Prior mid-day reports cautioned members - "Reported improved earnings +27% on +25% sales revenues for the Jun '13 quarter. Fundamentals remain a concern, although it now has 2 quarters with earnings above the +25% minimum earnings guideline (C criteria) of the fact-based investment system."

10/15/2013 12:48:56 PM - Rebounded near its 50 DMA line after violating it with volume-driven losses last week. Subsequent losses undercutting recent lows in the $68 area would raise greater concerns and trigger a more worrisome technical sell signal. Prior mid-day reports cautioned members - "Reported improved earnings +27% on +25% sales revenues for the Jun '13 quarter. Fundamentals remain a concern, although it now has 2 quarters with earnings above the +25% minimum earnings guideline (C criteria) of the fact-based investment system."

10/14/2013 1:09:53 PM - Rebounding near its 50 DMA line after violating it with volume-driven losses last week. Subsequent losses undercutting recent lows in the $68 area would raise greater concerns and trigger a more worrisome technical sell signal. Prior mid-day reports cautioned members - "Reported improved earnings +27% on +25% sales revenues for the Jun '13 quarter. Fundamentals remain a concern, although it now has 2 quarters with earnings above the +25% minimum earnings guideline (C criteria) of the fact-based investment system."

10/11/2013 12:57:21 PM - Rebounding near its 50 DMA line after violating it with volume-driven losses this week. Subsequent losses undercutting recent lows in the $68 area would raise greater concerns and trigger a more worrisome technical sell signal. Prior mid-day reports cautioned members - "Reported improved earnings +27% on +25% sales revenues for the Jun '13 quarter. Fundamentals remain a concern, although it now has 2 quarters with earnings above the +25% minimum earnings guideline (C criteria) of the fact-based investment system."

10/8/2013 12:22:44 PM - Violating its 50 DMA line with today's 4th consecutive loss. Prior mid-day reports cautioned members - "Reported improved earnings +27% on +25% sales revenues for the Jun '13 quarter. Fundamentals remain a concern, although it now has 2 quarters with earnings above the +25% minimum earnings guideline (C criteria) of the fact-based investment system."

9/23/2013 1:11:44 PM - Found support above its 50 DMA line following a sharp pullback while consolidating since last noted in the 8/06/13 mid-day report with caution. Reported improved earnings +27% on +25% sales revenues for the Jun '13 quarter. Fundamentals remain a concern, although it now has 2 quarters with earnings above the +25% minimum earnings guideline (C criteria) of the fact-based investment system.

8/6/2013 1:27:04 PM - Held its ground stubbornly and continued rallying since its "breakaway gap" for a considerable volume-driven gain and new 52-week high when last noted in the 7/25/13 mid-day report with caution - "Reported improved earnings +27% on +25% sales revenues for the Jun '13 quarter. Found support near its 50 DMA line during its latest consolidation. Fundamentals remain a concern, although it now has 2 quarters with earnings above the +25% minimum earnings guideline (C criteria) of the fact-based investment system."

7/25/2013 2:15:43 PM - Up today after a "breakaway gap" for a considerable volume-driven gain and new 52-week high. Reported improved earnings +27% on +25% sales revenues for the Jun '13 quarter. Found support near its 50 DMA line during its latest consolidation. Fundamentals remain a concern, although it now has 2 quarters with earnings above the +25% minimum earnings guideline (C criteria) of the fact-based investment system.

6/3/2013 1:01:44 PM - Gapped down today retreating from its new 52-week high hit on the prior session. Reported improved earnings +32% on +25% sales revenues for the Mar '13 quarter. Found support near its 50 DMA line during its latest consolidation. Made limited progress since clearing a choppy cup-with-handle base when noted in the 3/06/13 mid-day report with caution - "Fundamentals remain a concern as earnings growth in 4 consecutive quarterly comparisons through Dec '12 has been persistently below the +25% minimum earnings guideline (C criteria) of the fact-based investment system."

5/8/2013 1:21:50 PM - Churning above average volume at its 52-week high this week. Reported improved earnings +32% on +25% sales revenues for the Mar '13 quarter. Found support near its 50 DMA line during its latest consolidation. Made limited progress since clearing a choppy cup-with-handle base when noted in the 3/06/13 mid-day report with caution - "Fundamentals remain a concern as earnings growth in 4 consecutive quarterly comparisons through Dec '12 has been persistently below the +25% minimum earnings guideline (C criteria) of the fact-based investment system."

4/15/2013 12:16:34 PM - Perched near its 52-week high today. Found support near its 50 DMA line during its latest consolidation. Made limited progress since clearing a choppy cup-with-handle base when last noted in the 3/06/13 mid-day report with caution - "Fundamentals remain a concern as earnings growth in 4 consecutive quarterly comparisons through Dec '12 has been persistently below the +25% minimum earnings guideline (C criteria) of the fact-based investment system."

3/6/2013 1:03:16 PM - Hitting a new 52-week high today with a considerable gap up and volume-driven gain, rallying from a choppy cup-with-handle base. Fundamentals remain a concern as earnings growth in 4 consecutive quarterly comparisons through Dec '12 has been persistently below the +25% minimum earnings guideline (C criteria) of the fact-based investment system.

2/6/2013 1:01:58 PM - Hit a new 52-week high today with a gap up and volume-driven gain. Reported earnings +12% on +18% sales revenues for the Sep '12 quarter and earnings -5% on +16% sales revenues in the Jun '12 quarter. Fundamentals remain a concern as earnings growth in 4 consecutive quarterly comparisons has been persistently below the +25% minimum earnings guideline of the fact-based investment system."

12/12/2012 12:51:27 PM - Reported earnings +12% on +18% sales revenues for the Sep '12 quarter and earnings -5% on +16% sales revenues in the Jun '12 quarter. Fundamentals remain a concern, yet it has rebounded impressively in recent weeks following a damaging gap down which completed a worrisome "island reversal" pattern immediately after last noted with cautious remarks in the 7/24/12 mid-day report - "Pulling back today near its 50 DMA line, encountering distributional pressure while consolidating in recent weeks. Reported earnings +0% on +23% sales revenues for the quarter ended March 31, 2012 versus the year ago period. Reported earnings +14% on +30% sales revenues for the quarter ended December 31, 2011, versus the year ago period, below the +25% minimum earnings guideline of the fact-based investment system."

7/24/2012 12:23:51 PM - Pulling back today near its 50 DMA line, encountering distributional pressure while consolidating in recent weeks. Prior mid-day reports noted - "Reported earnings +0% on +23% sales revenues for the quarter ended March 31, 2012 versus the year ago period. Reported earnings +14% on +30% sales revenues for the quarter ended December 31, 2011, versus the year ago period, below the +25% minimum earnings guideline of the fact-based investment system."

7/20/2012 1:33:31 PM - Held its ground above its 50 DMA line while consolidating and wedging higher with gains lacking volume conviction in recent weeks. Last noted in the 5/16/12 mid-day report shortly after a considerable gap up (5/02/12) gain for a new 52-week high - "Reported earnings +0% on +23% sales revenues for the quarter ended March 31, 2012 versus the year ago period. Reported earnings +14% on +30% sales revenues for the quarter ended December 31, 2011, versus the year ago period, below the +25% minimum earnings guideline of the fact-based investment system."

5/16/2012 1:14:30 PM - Consolidating since last noted in the 5/02/12 mid-day report after a considerable gap up gain for a new 52-week high. Reported earnings +0% on +23% sales revenues for the quarter ended March 31, 2012 versus the year ago period. It was noted in the 4/27/12 mid-day report after a gap up - "Amid widespread strength in travel-related companies. Reported earnings +14% on +30% sales revenues for the quarter ended December 31, 2011, versus the year ago period, below the +25% minimum earnings guideline of the fact-based investment system."

5/2/2012 1:17:11 PM - Considerable gap up gain today for a new 52-week high. Reported earnings +0% on +23% sales revenues for the quarter ended March 31, 2012 versus the year ago period. Last noted in the 4/27/12 mid-day report after a gap up - "Amid widespread strength in travel-related companies. Reported earnings +14% on +30% sales revenues for the quarter ended December 31, 2011, versus the year ago period, below the +25% minimum earnings guideline of the fact-based investment system."

4/27/2012 1:17:31 PM - Gapped up and hit a new 52-week high today amid widespread strength in travel-related companies. Reported earnings +14% on +30% sales revenues for the quarter ended December 31, 2011, versus the year ago period, below the +25% minimum earnings guideline of the fact-based investment system.

3/30/2012 12:32:59 PM - Hitting a new 52-week high today. Reported earnings +14% on +30% sales revenues for the quarter ended December 31, 2011, versus the year ago period, below the +25% minimum earnings guideline of the fact-based investment system.