Re: [CANSLIM] OSTE Another mystery plunge

From: Hong Hsu <honghsu@bellatlantic.net>
Subject: Re: [CANSLIM] OSTE Another mystery plunge
Date: Fri, 25 Jul 2003 15:15:49 -0400

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   Thanks Katherine,

   That remind me to think the plunging reason beyond TA and fundies.  I 
suspect ownership number of floating in yahoo.com or other site is not 
correct.   Take an example, the AKSY also plunged 14% today, neither 
because of TA,  not fundies.  Look at the daily chart of the AKSY and 
evaluation number from breakoutwatch.com, you will know what I mean.  

It returns out a guy, Scott Sacane, holds 20 million shares of 27 
million floating!   Once it exploded, others were getting nerves. and 
selloff started....  I guess none of softwre or service can tell that, 
not TC2000.  But breakoutwatch.com only shows 115 institutions hold 
about a half of floating.   

I wonder which source the breakoutwatch.com got insiders and ownership 
numbers. Have a nice weekend,
- -Hong


Katherine Malm wrote:

> Hi Hong,
>  
> I'll add another item to your list. That is, OSTE has a history of 
> trading in volatile swings. Take a look at a weekly price chart and 
> you'll see what I mean. While this doesn't "explain" the action, it 
> does give it greater context.
>  
> Katherine
>


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&nbsp; &nbsp;Thanks Katherine,<br>
<br>
&nbsp; &nbsp;That remind me to think the plunging reason beyond TA and fundies. &nbsp;I
suspect ownership number of floating in yahoo.com or other site is not correct.
&nbsp; Take an example, the AKSY also plunged 14% today, neither because of TA,
&nbsp;not fundies. &nbsp;Look at the daily chart of the AKSY and evaluation number
from breakoutwatch.com, you will know what I mean. &nbsp; <br>
<br>
It returns out a guy, Scott Sacane, holds 20 million shares of 27 million
floating! &nbsp; Once it exploded, others were getting nerves. and selloff started....
&nbsp;I guess none of softwre or service can tell that, not TC2000. &nbsp;But breakoutwatch.com
only shows 115 institutions hold about a half of floating.&nbsp; &nbsp;<br>
<br>
I wonder which source the breakoutwatch.com got insiders and ownership numbers.
Have a nice weekend,<br>
- -Hong<br>
<br>
<br>
Katherine Malm wrote:<br>
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  <div><span class="412522417-25072003">Hi Hong,</span></div>
 
  <div><span class="412522417-25072003"></span>&nbsp;</div>
 
  <div><span class="412522417-25072003">I'll add another item to your list.
That is,  OSTE has a history of trading in volatile swings. Take a look at
a weekly price  chart and you'll see what I mean. While this doesn't "explain"
the action, it  does give it greater context.</span></div>
 
  <div><span class="412522417-25072003"></span>&nbsp;</div>
 
  <div><span class="412522417-25072003">Katherine</span></div>
 
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