Go to Jeff Salisbury LWGate Home Page.From: "nicky lawrence" <nlawrenc@ZIANET.COM>
Subject: Re: [CANSLIM] Potential canslim candiadate
Date: Sun, 4 Aug 2002 09:35:49 -0000
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Now I'm intrigued I had never thought of it but saying "almost as many =
sellers as buyers" is not the same as "more shares bought than sold. =
The latter is a valid statement the first is not. I assume the former =
is what is meant when that term is used?
Nicky
Donald,
You stumbled upon a small pet peeve of mine. That is, you state that =
there were "almost as many sellers as buyers" As far as I'm aware, there =
are two sides to every transaction or it would not take place. However, =
you're not alone in this as I commonly read the same thing whenever the =
talk turns to stocks. It may be correct to state that buyers and sellers =
'agreed' on lower or higher prices, but it's incorrect to state that =
there are more than one or the other.....
Jon
----- Original Message -----=20
From: Donald Wallker=20
To: canslim@lists.xmission.com=20
Sent: Sunday, August 04, 2002 10:26 AM
Subject: [CANSLIM] Potential canslim candiadate
Lois--- I reviewed Osteotech Inc.(OSTE) and believeit to be a very =
good, potential, canslim candiadate. Its IBD ratings are: currently 80, =
97, B, C and A+ and its Chart has formed a well defined Cup, between the =
weeks of 5/28/02 and 7/23/02. Interestingly, this past Friday, on seven =
times its normal trading volume it barely moved up. So there were =
almost as many sellers as buyers, which I understand is a strong of a =
future downturn in the stock. Thus I expect the Cup to grow a handle =
this coming week. However, since I am a novice canslimmer I would =
appreciate having some feed back from the group concerning OSTE. --- =
Donald .
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<DIV><FONT face=3D"Arial Narrow">Now I'm intrigued I had never =
thought of it=20
but saying "</FONT><FONT face=3DArial size=3D2>almost as many =
sellers as=20
buyers" is not the same as "more shares bought than sold. The =
latter is a=20
valid statement the first is not. I assume</FONT><FONT =
face=3DArial=20
size=3D2> the former is what is meant when that term is=20
used?<BR></DIV></FONT>
<DIV>Nicky</DIV>
<DIV> </DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV><FONT size=3D2>Donald,</FONT></DIV>
<DIV><FONT size=3D2></FONT> </DIV>
<DIV><FONT size=3D2>You stumbled upon a small pet peeve of mine. That =
is, you=20
state that there were "almost as many sellers as buyers" As far as I'm =
aware,=20
there are two sides to every transaction or it would not take place. =
However,=20
you're not alone in this as I commonly read the same thing whenever =
the talk=20
turns to stocks. It may be correct to state that buyers and sellers =
'agreed'=20
on lower or higher prices, but it's incorrect to state that there are =
more=20
than one or the other.....</FONT></DIV>
<DIV><FONT size=3D2></FONT> </DIV>
<DIV><FONT size=3D2>Jon</FONT></DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Ddougald@dmv.com href=3D"mailto:dougald@dmv.com">Donald =
Wallker</A>=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Sunday, August 04, 2002 =
10:26=20
AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] Potential =
canslim=20
candiadate</DIV>
<DIV><BR></DIV>
<DIV><FONT size=3D2>Lois--- I reviewed Osteotech Inc.(OSTE) and =
believeit to=20
be a very good, potential, canslim candiadate. Its IBD ratings =
are:=20
currently 80, 97, B, C and A+ and its =
Chart has formed a=20
well defined Cup, between the weeks of 5/28/02 and =
7/23/02. =20
Interestingly, this past Friday, on seven times its normal trading =
volume it=20
barely moved up. So there were almost as many sellers as =
buyers, which=20
I understand is a strong of a future downturn in the =
stock. Thus=20
I expect the Cup to grow a handle this coming week. However, =
since I=20
am a novice canslimmer I would appreciate having some feed back from =
the=20
group concerning OSTE. ---=20
=
Donald .</FONT></DIV></BLOCKQUOTE></BLOCKQUOTE></BODY></=
HTML>
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Next Article (by Subject): Re: [CANSLIM] Potential canslim candiadate Gene Ricci
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Next in Thread: Re: [CANSLIM] Potential canslim candiadate Gene Ricci
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