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 21:31:01 -0400
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Donald, when I put a stock on my watch list, I must see some kind of =
basing pattern forming, but not yet ready for actual entry. I need more =
than good fundies just to watch it in hopes it will someday form a =
basing pattern. On these two, I see no evidence that any basing pattern =
has begun to form.
- ----- Original Message -----=20
From: Donald Wallker=20
To: canslim@lists.xmission.com=20
Sent: Monday, August 05, 2002 9:26 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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<DIV><FONT face=3DArial>Donald, when I put a stock on my watch list, I =
must see=20
some kind of basing pattern forming, but not yet ready for actual entry. =
I need=20
more than good fundies just to watch it in hopes it will someday form a =
basing=20
pattern. On these two, I see no evidence that any basing pattern has =
begun to=20
form.</FONT></DIV>
<DIV> </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 9:26 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>What do you mean when you say that =
"neither present=20
you with any indication of an entry point" --I have suggested SYY and =
CSTR as=20
"potential" canslim candiadates and didn't know that such candiadates =
had to=20
present indications of entry points. </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> 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 now=20
for most investors, except for watching and learning. SYY is likely =
enjoying=20
the 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=20
feedback. It's pretty evident to me that I have a lot of boning =
up to do=20
.--- By the way 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>=
=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 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=20
almost two short (8 weeks) for any kind of decent basing pattern, =
and=20
certainly for this "M". Next is the price, which even now after a =
41% gain=20
in a single trading week is still only $8.90, well below the $12 =
recommended=20
by HTMMIS and WON as a minimum to attract institutional interest. =
Third is=20
the sheer steepness (granted on volume) of what you obviously see as =
the=20
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=20
this should prove over the next few weeks to be where the handle =
forms, then=20
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=20
points at fault with this chart, but these are already enough for me =
to look=20
for 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>=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. =
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=20
of 5/28/02 and 7/23/02. Interestingly, this past Friday, on =
seven=20
times its normal trading volume it barely moved up. So there =
were=20
almost as many sellers as buyers, which I understand is a =
strong of a=20
future downturn in the stock. Thus I expect the Cup to grow a =
handle=20
this coming week. However, since I am a novice canslimmer I =
would=20
appreciate having some feed back from the group=20
concerning OSTE. ---=20
=
Donald .</FONT></DIV></BLOCKQUOTE></BLOCKQUOTE></BODY></=
HTML>
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