Re: [CANSLIM] ATPX graph question

From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] ATPX graph question
Date: Mon, 20 May 2002 06:42:07 -0400

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Marty,

Key to reading charts is learning certain patterns. A gap up like this,
followed by a very tight flat line base, is characteristic of a buyout of
some kind, using for cash (thus the price is fixed). That is exactly the
case here, General Dynamics is buying them for $33.50 cash per share, thus
all that is left in the stock price for appreciation is 11 cents.

Where the buyout is for stock, you will see more variation in the stock
price as it moves in lock step with the acquiring company. In that case, you
have to evaluate the acquiring company, not the one of interest, to decide
if you want to own it. If so, then buying the acquired company can mean
buying at a small discount.

- ----- Original Message -----
From: "Marty" <majorgenson@attbi.com>
To: <canslim@lists.xmission.com>
Sent: Sunday, May 19, 2002 11:58 PM
Subject: [CANSLIM] ATPX graph question


Scanning some charts and came across this one ATPX, what does the flat 11
days of practically no  price change mean?

Marty


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