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: Tue, 20 May 2003 16:58:27 -0700 (PDT)

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Bob,

Thanks for the information.  I did not know that about
APPX.  Guess I did not do enough research.  I am not
sure the lack of knowledge is a good or bad thing.  I
am thinking all these news is built into the
price/volume action already.

What is "DD"?  I got in at $26.86.  With the current
market, I am carefully watching this stock.  My finger
is on the sell tigger.


tomas


- ---  Bob Hodes <rchodes@charter.net> wrote:
>     Tomas: Disclosure:  I am long APPX and having a
> good time recently.
> This stock has good fundamentals but it's been quite
> volatile.  You will
> notice that there is a huge short position in APPX. 
> About a month ago, The
> Street Dot Com had a series of very negative
> articles that pointed out
> ethical issues about business practices, concerns
> about the integrity of the
> CEO and conflicts of interest, and raised concerns
> about their phase III
> clinical trials of ABI-007.  This was all old news
> but three negative
> articles all came out in a very short time frame. 
> If you go to the APPX
> message board on Yahoo you can read all about these
> controversies.  I was
> mostly concerned about their questions about the
> quality of the ABI-007
> phase III studies (issues were raised about the
> sample size being too small
> for the study to have enough power to clearly
> demonstrate the efficacy of
> ABI-007, concerns that patients were recruited from
> research centers in
> eastern Europe/Russia, etc.
> 
> After these stories came out, the stock declined in
> price but it has since
> more than recovered and broken out to a new 52 week
> high.  That's pretty
> interesting given the enormous short interest in
> APPX.  Squeeze?
> 
> So do you DD on this stock.  Good luck.
> 
> Bob Hodes
> 
> ----- Original Message ----- 
> From: "Tomas" <tomas986@yahoo.com>
> To: "canslim canslim" <canslim@lists.xmission.com>
> Sent: Wednesday, May 14, 2003 11:09 PM
> Subject: [CANSLIM] Any reason why I should not buy
> APPX?
> 
> 
> > 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.
> >
> > The chart looks good too.  Looks like left cup on
> 1/30
> > at $27.75.  Pivot point at 5/5 at $26.2.  BO is
> today
> > to $28.54 with heavy volume.  Still within the %5
> to
> > buy.  The handle was trending down.  There was
> even a
> > shakeout day on 5/8 (down on heavier volume but
> still
> > ended up on the higher price range of the day). 
> The
> > CwH looks good.  The only thing bad about this is
> that
> > the handle is only about 6 days.
> >
> > Management owns about 71% of the stock, mainly by
> the
> > CEO.
> >
> > What do you guys/gals think?  Any reason why I
> should
> > not buy it tomorrow?
> >
> > I read somewhere about the IBD curse, this stock
> is on
> > the "Stock in the News" today.  Should I be worry
> > about that fact?
> >
> > tomas
> >
> >
> > __________________________________
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