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

From: "rchodes" <rchodes@charter.net>
Subject: Re: [CANSLIM] Any reason why I should not buy APPX?
Date: Tue, 20 May 2003 21:18:33 -0700

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Due diligence:

- ----- Original Message ----- 
From: "Tomas" <tomas986@yahoo.com>
To: <canslim@lists.xmission.com>
Sent: Tuesday, May 20, 2003 4:58 PM
Subject: Re: [CANSLIM] Any reason why I should not buy APPX?


> 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
> > >
> > >
> > > __________________________________
> > > Do you Yahoo!?
> > > The New Yahoo! Search - Faster. Easier. Bingo.
> > > http://search.yahoo.com
> > >
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> 
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