Re: [CANSLIM] Potential canslim candiadate

From: "J. Lobatto" <jlobatto@nyc.rr.com>
Subject: Re: [CANSLIM] Potential canslim candiadate
Date: Sun, 4 Aug 2002 11:26:29 -0400

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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=3DArial size=3D2>Donald,</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial size=3D2>You stumbled upon a small pet peeve of =
mine. That=20
is, you state that there were "almost as many sellers as buyers" As far =
as I'm=20
aware, there are two sides to every transaction or it would not take =
place.=20
However, you're not alone in this as I commonly read the same thing =
whenever the=20
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=20
more than one or the other.....</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial 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>=
 </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 face=3DArial size=3D2>Lois--- I reviewed Osteotech =
Inc.(OSTE) and=20
  believeit to be a very good, potential, canslim candiadate.&nbsp; Its =
IBD=20
  ratings are: currently 80, 97, B, C&nbsp;and A+ and its=20
  Chart&nbsp;has&nbsp;formed a well&nbsp;defined Cup, between&nbsp;the =
weeks of=20
  5/28/02 and 7/23/02.&nbsp; Interestingly, this past Friday, on seven =
times its=20
  normal trading volume it barely moved up.&nbsp; So there were almost =
as many=20
  sellers as buyers, which I understand is a strong&nbsp;of a future =
downturn in=20
  the stock.&nbsp; Thus I expect the Cup to grow a handle this coming=20
  week.&nbsp; However, since I am a novice canslimmer I would appreciate =
having=20
  some feed back from the group concerning&nbsp;OSTE.&nbsp;---=20
  Donald&nbsp;&nbsp;&nbsp;.</FONT></DIV></BLOCKQUOTE></BODY></HTML>

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