Go to Jeff Salisbury LWGate Home Page.From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] Breakout STAA out of reach?
Date: Tue, 15 Apr 2003 23:36:41 -0400
Previous Article (by Author): [CANSLIM] Breakout STAA out of reach? "Pritish Shah"
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chartwise, the volume on Friday was a signal to watch carefully on Monday. Doing so might have permitted getting in at the low range Monday and riding it to a new high, enjoying the continued ride today on a 7X ADV day. fundamentally, though, I just don't get it. Yes, forecasts call for essentially a break even year, with real profits showing up next year. However, examining the year over year, or sequential quarter, sales figures, much less the (earnings) (read as losses since in ()), I don't see the kind of fundamental growth that would convince me that real growth is there sufficient to drive earnings, and share price. Maybe their market is too limited for the kind of growth I seek, but aside from a momentum play, I don't feel attracted to this one. - ----- Original Message ----- From: "Pritish Shah" <pshah@lason.com> To: <canslim@lists.xmission.com> Sent: Monday, April 14, 2003 3:49 PM Subject: [CANSLIM] Breakout STAA out of reach? Hi, STAA broke out at 15x average volume. I am trying to figure out if it is a good buy candidate or not? It seems that it is not making money but there is a huge potential to make money with their new product. Regards, Pritish - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -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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