ELOS

On the subject of sell-side report, CIBC issued a report on ELOS today and reiterated "SO" rating with:

• "channel checks suggest that 2Q06 sales are on track, Vela will likely be up sequentially from 1Q06 and the new eLine Series seems to be doing well. The increase in sales reps to 55 from 40 seems to be starting to pay off."

(I do like this channel checks stuff from sell-side analysts. It sounds so institutional, something you and I, i.e. small investors are unable to do). This is a strange one, and at one point was of one of Cramer's favorate, though it fell of his favor as quickly. My interest is up a bit, simply because it is universally hated, both the sector and the stock, and it is dirt cheap. On the other hand, it is not traded well. On a day like today, it actually went down.