Go to Jeff Salisbury LWGate Home Page.From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Fw: [CANSLIM] Case Study
Date: Sun, 18 Aug 2002 18:29:48 -0500
Next Article (by Author): Re: [CANSLIM] Case Study "Katherine Malm"
Previous Article (by Author): Re: [CANSLIM] Case Study "Katherine Malm"
Articles sorted by: [Date]
[Author]
[Subject]
Thanks for the suggestion, Norm, but the site is already there...as it's one
of the main links from the Yahoo "due diligence" site I recommend. You'll
see it about midway on the right of the page. This site is also a great
launching pad for loads of fundamentals, SEC filings, etc., so is very
comprehensive--definitely my all time favorite spot to go. Instead, I've
uploaded a Word document which highlights some of the best links from the
site.
See it at:
http://WallStreet-LLC.com/canslim/DueDiligenceExamples.doc
Katherine
|
| ----- Original Message -----
| From: "Norman" <theboyd@tisd.net>
| To: <canslim@lists.xmission.com>
| Sent: Sunday, August 18, 2002 5:48 PM
| Subject: Re: [CANSLIM] Case Study
|
|
| | Katherine,
| |
| | I forgotten to mention, you should add that site to your "favorites"
list
| | that you uploaded. Looks to be a decent info source. Can't have too
many
| | sites to track down news.
| |
| | norm
| |
| | ----- Original Message -----
| | From: "Katherine Malm" <kmalm@earthlink.net>
| | To: <canslim@lists.xmission.com>
| | Sent: Sunday, August 18, 2002 5:00 PM
| | Subject: Re: [CANSLIM] Case Study
| |
| |
| | > Hi Norm,
| | >
| | > Here's another great example as to how technicals tell the story more
| | > clearly than the fundamentals or the news. On April 8th, the SEC
| announced
| | > that it was closing its investigation.
| | >
| | > "PolyMedica Corporation Receives Notice That SEC Investigation Has
| | > Terminated Apr 08, 2002
| | > PolyMedica Corporation announced that it received a notice from the
| | > Securities and Exchange Commission stating that the Commission's
present
| | > staff inquiry into the Company has been terminated. The notice also
| states
| | > that no enforcement action has been recommended to the Commission."
| (See:
| | >
| |
|
http://yahoo.marketguide.com/MGI/signdevt.asp?target=/stocks/companyinformat
| | > ion/signdevt&Ticker=PLMD)
| | >
| | > (A read through the significant developments itself is like a mine
field
| | of
| | > red flags. )
| | >
| | > That announcement was followed by a big price spike, just as you
noted,
| | as
| | > people reacted to the news. This spike came, however after a steep
| | decline
| | > in the price and was immediately followed by a high volume reversal
day
| | and
| | > a series of days where price was climbing on low volume ("wedging"
| | > action)--the stuff of sell rules if nothing else. Notice that price at
| | that
| | > point continued on the path of least resistance and the downtrend
began
| | > again.
| | >
| | > Price action essentially told us already what wasn't stated until this
| | > week's 10Q, i.e., the original investigation was being expanded in
| scope.
| | I
| | > didn't include all the details in my original quote, but the status of
| the
| | > law suits and investigation are included in the section under "Legal
| | > Proceedings." (See link to SEC filing in my original post)
| | >
| | > As Tom suggested earlier today, there's no telling how all this will
| play
| | > out, and the powers that be may well be exonerated. But, in the world
of
| | > CANSLIM investing, there's no reason to take the risk in the meantime.
| If
| | > price/volume action and fundamentals set up appropriately, then PLMD
may
| | one
| | > day again be a good candidate. In the meantime, once there's a stinky
| fish
| | > in the works.....it's hard to get out the stench.
| | >
| | > Katherine
| | >
| | > ----- Original Message -----
| | > From: "Norman" <theboyd@tisd.net>
| | > To: <canslim@lists.xmission.com>
| | > Sent: Sunday, August 18, 2002 12:14 PM
| | > Subject: Re: [CANSLIM] Case Study
| | >
| | >
| | > | Crimony! They got more troubles than freshmen at a fraternity
| hazing<g>
| | > |
| | > | I guess no one noticed anything amiss on April 8th; what a spike!
| | > |
| | > | Norm
- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim". Do not use quotes in your email.
Next Article (by Author): Re: [CANSLIM] Case Study "Katherine Malm"
Previous Article (by Author): Re: [CANSLIM] Case Study "Katherine Malm"
Articles sorted by: [Date]
[Author]
[Subject]