Go to Jeff Salisbury LWGate Home Page.From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: OSTE (was Re: [CANSLIM] Potential canslim candiadate)
Date: Mon, 5 Aug 2002 07:26:36 -0400
Previous Article (by Author): Re: [CANSLIM] Software criticism (was: Private Conversations) Lois
Top of Thread: Re: OSTE (was Re: [CANSLIM] Potential canslim candiadate) "Donald Wallker"
Articles sorted by: [Date]
[Author]
[Subject]
This is a multi-part message in MIME format. - ------=_NextPart_000_0071_01C23C51.6E798370 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Donald, I don't think there are any candidates right now for most = investors, except for watching and learning. SYY is likely enjoying the = benefit of that money that must remain in the markets (mutual funds for = instance) continuing to move into more defensive stocks (even in a = recession, people must eat). I have noted CSTR before, don't know why it = is doing so well overall. But even without regard to "M" clearly saying = stay in cash, neither present me with any indication of an entry point. I encourage everyone that truly wants to be good at CANSLIM to use this = time to reread and study HTMMIS and the 24 Lessons. Be careful following = the lead of IBD, they have to sell a newspaper every day, so they have = to say something. But their guidance, and "insight" often seems to stray = far afield from true CANSLIM. - ----- Original Message -----=20 From: Donald Wallker=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 05, 2002 7:10 AM Subject: Re: OSTE (was Re: [CANSLIM] Potential canslim candiadate) Tom ---Thank you very much for the feedback. It's pretty evident to me = that I have a lot of boning up to do .--- By the way do you think SYY = and CSTR are better potential candiadates? ...Donald ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Sunday, August 04, 2002 1:38 PM Subject: OSTE (was Re: [CANSLIM] Potential canslim candiadate) 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_0071_01C23C51.6E798370 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, I don't think there are any candidates = right now=20 for most investors, except for watching and learning. SYY is likely = enjoying the=20 benefit of that money that must remain in the markets (mutual funds for=20 instance) continuing to move into more defensive stocks (even in a = recession,=20 people must eat). I have noted CSTR before, don't know why it is doing = so well=20 overall. But even without regard to "M" clearly saying stay in cash, = neither=20 present me with any indication of an entry point.</FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV><FONT face=3DArial>I encourage everyone that truly wants to be good = at=20 CANSLIM to use this time to reread and study HTMMIS and the 24 Lessons. = Be=20 careful following the lead of IBD, they have to sell a newspaper every = day, so=20 they have to say something. But their guidance, and "insight" often = seems to=20 stray far afield from true CANSLIM.</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> Monday, August 05, 2002 7:10 AM</DIV> <DIV><B>Subject:</B> Re: OSTE (was Re: [CANSLIM] Potential canslim=20 candiadate)</DIV></DIV> <DIV><BR></DIV> <DIV><FONT face=3DArial size=3D2>Tom ---Thank you very much for the = feedback. =20 It's pretty evident to me that I have a lot of boning up to do .--- By = the way=20 do you think SYY and CSTR are better potential candiadates?=20 ...Donald</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=3Dstkguru@bellsouth.net = href=3D"mailto:stkguru@bellsouth.net">Tom=20 Worley</A> </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 = 1:38=20 PM</DIV> <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> OSTE (was Re: = [CANSLIM]=20 Potential canslim candiadate)</DIV> <DIV><BR></DIV> <DIV><FONT face=3DArial>Donald, there are some good things that can be = said=20 about the chart of OSTE (BTW, makes for better posting if you make the = subj=20 line more specific), but "<FONT size=3D2>formed a well defined = Cup,=20 between the weeks of 5/28/02 and 7/23/02"</FONT></FONT><FONT=20 face=3DArial> would not be one I would say. Specifically, period = is almost=20 two short (8 weeks) for any kind of decent basing pattern, and = certainly for=20 this "M". Next is the price, which even now after a 41% gain in a = single=20 trading week is still only $8.90, well below the $12 recommended by = HTMMIS and=20 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=20 the cup. Thru Friday, there is no evidence of a handle forming, and = without a=20 handle, you don't know where to grab the cup. And if this should prove = over=20 the next few weeks to be where the handle forms, then it will be = forming=20 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=20 at fault with this chart, but these are already enough for me to look = for=20 better 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=20 week. However, since I am a novice canslimmer I would appreciate = having=20 some feed back from the group concerning OSTE. ---=20 Donald .</FONT></DIV></BLOCKQUOTE></BODY></HTML> - ------=_NextPart_000_0071_01C23C51.6E798370-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
Previous Article (by Author): Re: [CANSLIM] Software criticism (was: Private Conversations) Lois
Top of Thread: Re: OSTE (was Re: [CANSLIM] Potential canslim candiadate) "Donald Wallker"
Articles sorted by: [Date]
[Author]
[Subject]