May 31, 2005

Okay… I just purchased 68 Shares of TIBX (TIBCO SOFTWARE INC) at Limit Price of $6.38. The current trade price is 6.69 but I hope it falls a little tomorrow. The market was cold today so I’m not sure if it will reach 6.38, but we’ll see. TIBX has a strong managment team and came from a strong recommendation of some nation stock analysis. At the end of March they spoke about some big deals that didn’t look like they were going to close in Q2 and their stock plunged. But, after listening to a conference call from today they seemed pretty confident that some of the deals closed and expected revenues to be up comperable to where they were in Q1. I think the worst is already out there and the stock will gain ground after the Q2 earning reports.