Re: [CANSLIM] UTSI What am I missing?

From: Spencer48@aol.com
Subject: Re: [CANSLIM] UTSI What am I missing?
Date: Thu, 17 Jul 2003 16:56:57 EDT

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Top of Thread: [CANSLIM] UTSI What am I missing? "John Solarno"
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John:

     To me UTSI also looks nice.  This fall could very well be profit taking 
before a bear hits (the Market has been showing signs of wear lately; it 
either starts fast and fades or it loses a bit at the beginning and fades faster at 
the close. On increased volume, I believe.)  So, this could be the start of a 
left side of a C&H for UTSI (on the Weekly DGO, UTSI is only in its 2nd up 
leg subsequent to a 1st stage base).

     Also, although it may yet fall through, UTSI hasn't broken its late 
April up-trendline, which on DGO's Daily has supported the stock three times when 
it has been hit.  Also, it hasn't gone through the 50.  (As for your last 
question:  Every stock that goes up, is susceptible to being sold.  Especially by 
those who want to make money in the stock, and don't look at holding the stock 
as being the end all, but rather just half the accomplishment.  To put it 
more bluntly:  If stocks that went up were never sold, then there would be no 
such thing as a bullish C&H formation.)

     I sympathize with your disillusioment.  Sometimes there really doesn't 
seem like there's a reason in the stock market (eg. the bull in the late 90's). 
 That's why "trailing stops" and "stop losses" are important.

jans


In a message dated 7/17/2003 4:28:39 PM Eastern Daylight Time, 
workvirt@workvirtual.com writes:

<< The chart has been a dependable LLUR since March.  VectorVest's analysis
 says the fundamentals are all excellent.  And today the company announced a
 75% increase in sales, topping the consensus by 3 cents a share. (See
 article below.)
 
 So my question is: if the chart is great, the fundamentals are great, and
 the earnings are great, what's not to like?  What am I missing here? What do
 the sellers know that I didn't?  Is it just the larger market action putting
 everyone, even owners of a great stock like UTSI, in a selling mood?
  >>

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