Re: [CANSLIM] UTSI What am I missing?

From: "Maria McAdams" <mlmcadams@earthlink.net>
Subject: Re: [CANSLIM] UTSI What am I missing?
Date: Thu, 17 Jul 2003 21:38:15 -0500

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>      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 [cup and handle] 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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