Go to Jeff Salisbury LWGate Home Page.From: "Tom Worley" <stkguru@bellsouth.net>
Subject: OSTE (was Re: [CANSLIM] Potential canslim candiadate)
Date: Sun, 4 Aug 2002 13:38:14 -0400
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This is a multi-part message in MIME format. - ------=_NextPart_000_013C_01C23BBC.2EE1DE00 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Donald, there are some good things that can be said about the chart of = OSTE (BTW, makes for better posting if you make the subj line more = specific), but "formed a well defined Cup, between the weeks of 5/28/02 = and 7/23/02" would not be one I would say. Specifically, period is = almost two short (8 weeks) for any kind of decent basing pattern, and = certainly for this "M". Next is the price, which even now after a 41% = gain in a single trading week is still only $8.90, well below the $12 = recommended by HTMMIS and WON as a minimum to attract institutional = interest. Third is the sheer steepness (granted on volume) of what you = obviously see as the right side of the cup. Thru Friday, there is no = evidence of a handle forming, and without a handle, you don't know where = to grab the cup. And if this should prove over the next few weeks to be = where the handle forms, then it will be forming dangerously high in this = shaky "M". I am sure I or other CANSLIMers could find other points at fault with = this chart, but these are already enough for me to look for better = opportunities. - ----- 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 . - ------=_NextPart_000_013C_01C23BBC.2EE1DE00 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable <!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD> <META http-equiv=3DContent-Type content=3D"text/html; = charset=3Diso-8859-1"> <META content=3D"MSHTML 6.00.2716.2200" name=3DGENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=3D#ffffff> <DIV><FONT face=3DArial>Donald, there are some good things that can be = said about=20 the chart of OSTE (BTW, makes for better posting if you make the subj = line more=20 specific), but "<FONT size=3D2>formed a well defined Cup, = between the=20 weeks of 5/28/02 and 7/23/02"</FONT></FONT><FONT = face=3DArial> would not be=20 one I would say. Specifically, period is almost two short (8 weeks) for = any kind=20 of decent basing pattern, and certainly for this "M". Next is the price, = which=20 even now after a 41% gain in a single trading week is still only $8.90, = well=20 below the $12 recommended by HTMMIS and WON as a minimum to attract=20 institutional interest. Third is the sheer steepness (granted on volume) = of what=20 you obviously see as the right side of the cup. Thru Friday, there is no = evidence of a handle forming, and without a handle, you don't know where = to grab=20 the cup. And if this should prove over the next few weeks to be where = the handle=20 forms, then it will be forming dangerously high in this shaky = "M".</FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV><FONT face=3DArial>I am sure I or other CANSLIMers could find other = points at=20 fault with this chart, but these are already enough for me to look for = better=20 opportunities.</FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV style=3D"FONT: 10pt arial">----- Original Message -----=20 <DIV style=3D"BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> <A=20 title=3Ddougald@dmv.com href=3D"mailto:dougald@dmv.com">Donald = Wallker</A> </DIV> <DIV><B>To:</B> <A title=3Dcanslim@lists.xmission.com=20 href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>= </DIV> <DIV><B>Sent:</B> Sunday, August 04, 2002 10:26 AM</DIV> <DIV><B>Subject:</B> [CANSLIM] Potential canslim candiadate</DIV></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. Its = IBD=20 ratings are: currently 80, 97, B, C and A+ and its=20 Chart has formed a well defined Cup, between the = weeks of=20 5/28/02 and 7/23/02. Interestingly, this past Friday, on seven = times its=20 normal trading volume it barely moved up. So there were almost as = many=20 sellers as buyers, which I understand is a strong of a future = downturn in=20 the stock. Thus I expect the Cup to grow a handle this coming = week. =20 However, since I am a novice canslimmer I would appreciate having some = feed back=20 from the group concerning OSTE. ---=20 Donald .</FONT></DIV></BODY></HTML> - ------=_NextPart_000_013C_01C23BBC.2EE1DE00-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
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