Re: [CANSLIM] Re: SYY (was: OSTE)


From: "Donald Wallker" <dougald@dmv.com>
Subject: Re: [CANSLIM] Re: SYY (was: OSTE)
Date: Mon, 5 Aug 2002 10:57:03 -0400

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With all this talk about the market being so terrible, and there being =
no C&H charts, how does anyone explain the movement of DOCC in this =
horrible market.  If DOCC did not just come out of a C&H  (because, as =
I've been told, the rim to rim time lapse of the cup-shape traced by the =
charrt is too little to fit the definition of a cup),  what happened?  =
- --Donald
  ----- Original Message -----=20
  From: Katherine Malm=20
  To: canslim@lists.xmission.com=20
  Sent: Monday, August 05, 2002 9:53 AM
  Subject: [CANSLIM] Re: SYY (was: OSTE)


  Some comments on the SYY chart at:

  http://WallStreet-LLC.com/canslim/SYY080502.jpg=20

  Katherine
    ----- Original Message -----=20
    From: Donald Wallker=20
    To: canslim@lists.xmission.com=20
    Sent: Monday, August 05, 2002 8:26 AM
    Subject: Re: OSTE (was Re: [CANSLIM] Potential canslim candiadate)


    What do you mean when you say that "neither present you with any =
indication of an entry point" --I have suggested SYY and CSTR as =
"potential" canslim candiadates and didn't know that such candiadates =
had to present indications of entry points.=20
      ----- Original Message -----=20
      From: Tom Worley=20
      To: canslim@lists.xmission.com=20
      Sent: Monday, August 05, 2002 7:26 AM
      Subject: Re: OSTE (was Re: [CANSLIM] Potential canslim candiadate)


      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   .

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<BODY bgColor=3D#ffffff>
<DIV><FONT face=3DArial size=3D2>With all this talk about the market =
being so=20
terrible, and there being no C&amp;H charts,&nbsp;how does anyone =
explain the=20
movement of DOCC in this horrible market.&nbsp; If DOCC did not just =
come out of=20
a C&amp;H &nbsp;(because, as I've been told, the rim to rim time lapse =
of the=20
cup-shape traced by the charrt is too little to fit the definition of a=20
cup),&nbsp;&nbsp;what happened?&nbsp; --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=3Dkmalm@earthlink.net =
href=3D"mailto:kmalm@earthlink.net">Katherine=20
  Malm</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> Monday, August 05, 2002 =
9:53=20
  AM</DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] Re: SYY =
(was:=20
  OSTE)</DIV>
  <DIV><BR></DIV>
  <DIV>Some comments on the SYY chart at:</DIV>
  <DIV>&nbsp;</DIV>
  <DIV><A=20
  =
href=3D"http://WallStreet-LLC.com/canslim/SYY080502.jpg">http://WallStree=
t-LLC.com/canslim/SYY080502.jpg</A>=20
  </DIV>
  <DIV>&nbsp;</DIV>
  <DIV>Katherine</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> Monday, August 05, 2002 =
8:26=20
    AM</DIV>
    <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: OSTE (was Re: =
[CANSLIM]=20
    Potential canslim candiadate)</DIV>
    <DIV><BR></DIV>
    <DIV><FONT face=3DArial size=3D2>What do you mean when you say that =
"neither=20
    present you with any indication of an entry point" --I have =
suggested SYY=20
    and CSTR as "potential" canslim candiadates and didn't know that =
such=20
    candiadates had to present indications of entry =
points.&nbsp;</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=20
      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> Monday, August 05, =
2002 7:26=20
      AM</DIV>
      <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: OSTE (was Re: =
[CANSLIM]=20
      Potential canslim candiadate)</DIV>
      <DIV><BR></DIV>
      <DIV><FONT face=3DArial>Donald, I don't think there are any =
candidates right=20
      now for most investors, except for watching and learning. SYY is =
likely=20
      enjoying the benefit of that money that must remain in the markets =
(mutual=20
      funds for instance) continuing to move into more defensive stocks =
(even in=20
      a recession, people must eat). I have noted CSTR before, don't =
know why it=20
      is doing so well overall. But even without regard to "M" clearly =
saying=20
      stay in cash, neither present me with any indication of an entry=20
      point.</FONT></DIV>
      <DIV><FONT face=3DArial></FONT>&nbsp;</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=20
      day, so they have to say something. But their guidance, and =
"insight"=20
      often seems to stray far afield from true CANSLIM.</FONT></DIV>
      <DIV><FONT face=3DArial></FONT>&nbsp;</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>=20
      </DIV>
      <DIV><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><B>Sent:</B> Monday, August 05, 2002 7:10 AM</DIV>
      <DIV><B>Subject:</B> Re: OSTE (was Re: [CANSLIM] Potential canslim =

      candiadate)</DIV></DIV>
      <DIV><BR></DIV>
      <DIV><FONT face=3DArial size=3D2>Tom ---Thank you very much for =
the=20
      feedback.&nbsp; It's pretty evident to me that I have a lot of =
boning up=20
      to do .--- By the way do you think SYY and CSTR are better =
potential=20
      candiadates? ...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=20
        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 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=20
        said about the chart of OSTE (BTW, makes for better posting if =
you make=20
        the subj line more specific), but "<FONT size=3D2>formed a=20
        well&nbsp;defined Cup, between&nbsp;the weeks of 5/28/02 and=20
        7/23/02"</FONT></FONT><FONT face=3DArial>&nbsp;would not be one =
I would=20
        say. Specifically, period is almost two short (8 weeks) for any =
kind of=20
        decent basing pattern, and certainly for this "M". Next is the =
price,=20
        which even now after a 41% gain in a single trading week is =
still only=20
        $8.90, well below the $12 recommended by HTMMIS and WON as a =
minimum to=20
        attract institutional interest. Third is the sheer steepness =
(granted on=20
        volume) of what you obviously see as the right side of the cup. =
Thru=20
        Friday, there is no evidence of a handle forming, and without a =
handle,=20
        you don't know where to grab the cup. And if this should prove =
over the=20
        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>&nbsp;</DIV>
        <DIV><FONT face=3DArial>I am sure I or other CANSLIMers could =
find other=20
        points at fault with this chart, but these are already enough =
for me to=20
        look for better opportunities.</FONT></DIV>
        <DIV><FONT face=3DArial></FONT>&nbsp;</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>=20
        </DIV>
        <DIV><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><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.&nbsp; Its=20
        IBD 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=20
        weeks of 5/28/02 and 7/23/02.&nbsp; Interestingly, this past =
Friday, on=20
        seven times its normal trading volume it barely moved up.&nbsp; =
So there=20
        were almost as many sellers as buyers, which I understand is a=20
        strong&nbsp;of a future downturn in the stock.&nbsp; Thus I =
expect the=20
        Cup to grow a handle this coming week.&nbsp; However, since I am =
a=20
        novice canslimmer I would appreciate having some feed back from =
the=20
        group concerning&nbsp;OSTE.&nbsp;---=20
        =
Donald&nbsp;&nbsp;&nbsp;.</FONT></DIV></BLOCKQUOTE></BLOCKQUOTE></BLOCKQU=
OTE></BLOCKQUOTE></BODY></HTML>

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