Re: [CANSLIM] Any reason why I should not buy APPX?

From: Tomas <tomas986@yahoo.com>
Subject: Re: [CANSLIM] Any reason why I should not buy APPX?
Date: Thu, 15 May 2003 10:47:54 -0700 (PDT)

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Jans,

You are giving me a lot of information to swallow. 
Thanks for the info.  I'll try to understand all your
analysis.

Thanks,
tomas

- --- Spencer48@aol.com wrote:
> Tomas:
> 
>      I've been following this stock also.  Not only
> are the fundies 
> excellent, but the chart formation is nice also. 
> Moreover, there is a high 
> short interest; high ADV; and low float (relative to
> these two).  
> 
>      The last point says to me  that once the stock
> takes off, the shorts 
> will be covering, and because of the low float and
> high ADV, there will be a 
> short squeeze, ie. the shorts will be competing
> among themselves to buy-and 
> there is only so much stock available.  This will
> lead to the stock gapping 
> up, most probably.
> 
>      But I am not buying now.  And this is why:  As
> I see it on the weekly, 
> and even the daily, the stock has not BO yet on a
> closing basis.  The RSL 
> (relative strength line) shows that weakness is to
> continue (it hasn't gone 
> to a new high compared with the stock's RSL
> (relative strength line) when 
> APPX formed its left lip).
> 
>      Coupled this with the fact that the market
> seems like it is very OB 
> right now (however, I must admit, if APPX had BO on
> a closing basis with anew 
> high in the RSL-I'd buy it).  This says to me that
> APPX will form a handle as 
> the market corrects (probably to its uptrending 50).
>  
> 
>      (If I were a conspiracy theorist, I'd say that
> management is trying to 
> manipulate the stock, or perhaps the funds know
> something (For example, that 
> APPX's product (s) are for some reason  going to
> lead to an earnings bust))
> 
> jans
> 
> In a message dated 5/15/2003 12:10:45 AM Eastern
> Daylight Time, 
> tomas986@yahoo.com writes:
> 
> << APPX has very good fundies.  It has 15.13/18 from
>  Katherine's CE (8.80/11 CEF and 6.33/7 CET), not
> too
>  shabby..... Any reason why I should
> not buy it tomorrow?>>
> 
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