From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #3446 Reply-To: canslim Sender: owner-canslim-digest@lists.xmission.com Errors-To: owner-canslim-digest@lists.xmission.com Precedence: bulk Content-Transfer-Encoding: quoted-printable X-No-Archive: yes canslim-digest Friday, July 25 2003 Volume 02 : Number 3446 In this issue: Re: [CANSLIM] Another mystery plunge Re: [CANSLIM] Another mystery plunge Re: [CANSLIM] OSTE Another mystery plunge Re: [CANSLIM] Another mystery plunge RE: [CANSLIM] Another mystery plunge Re: [CANSLIM] Another mystery plunge RE: [CANSLIM] Another mystery plunge RE: [CANSLIM] Another mystery plunge Re: [CANSLIM] OSTE Another mystery plunge RE: [CANSLIM] OSTE Another mystery plunge ---------------------------------------------------------------------- Date: Fri, 25 Jul 2003 09:23:36 -0700 From: Karen White Subject: Re: [CANSLIM] Another mystery plunge And what about BSTE... their results looked great to me and I cant find the downside. Not only that but I am enamored with medical products... any insite before I do a no-no and buy more on a down draft that I dont underestand? Thanks, Karen At 12:12 PM 7/25/2003 -0400, Hong Hsu wrote: > DMC, > > For OSTE, the total TA score (CET) from breakoutwatch.com is 6.8 out > of 7. With that score I will tend to believe it has solid TA. Does > it? Maybe Katherine could share her insight. > > -Hong > > > >- >-To subscribe/unsubscribe, email "majordomo@xmission.com" >-In the email body, write "subscribe canslim" or >-"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Fri, 25 Jul 2003 11:21:08 -0500 From: "Gene Ricci" Subject: Re: [CANSLIM] Another mystery plunge This is a multi-part message in MIME format. - ------=_NextPart_000_02E7_01C3529E.D881EE10 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hong, can you translate CET terminology into IBD jargon?=20 Thanks, Gene ----- Original Message -----=20 From: Hong Hsu=20 To: canslim@lists.xmission.com=20 Sent: Friday, July 25, 2003 11:12 AM Subject: Re: [CANSLIM] Another mystery plunge DMC, For OSTE, the total TA score (CET) from breakoutwatch.com is 6.8=20 out of 7. With that score I will tend to believe it has solid TA. = Does=20 it? Maybe Katherine could share her insight. -Hong - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - ------=_NextPart_000_02E7_01C3529E.D881EE10 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable

Hong, can you translate CET = terminology into IBD=20 jargon?

Thanks,

Gene

----- Original Message -----

From:=20 Hong=20 Hsu

To: canslim@lists.xmission.com=

Sent: Friday, July 25, 2003 = 11:12=20 AM

Subject: Re: [CANSLIM] Another = mystery=20 plunge

     DMC,

    = For=20 OSTE, the total TA score (CET) from breakoutwatch.com is 6.8 =
out of=20 7. With that score I will tend to believe it has solid TA. = Does=20
it?   Maybe Katherine could share her=20 insight.

    -Hong

-
-To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
-In= the=20 email body, write "subscribe canslim" or
-"unsubscribe = canslim". Do=20 not use quotes in your email.
- ------=_NextPart_000_02E7_01C3529E.D881EE10-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Fri, 25 Jul 2003 12:26:27 -0400 From: "Pete" Subject: Re: [CANSLIM] OSTE Another mystery plunge OSTE reported earnings this morning. Smallcaps have a tendency to plument after an earnings report good or bad. I've learned to pay attention to Earnings dates and I like to take some profits before earnings are releasd. - ----- Original Message ----- From: "Hong Hsu" To: Sent: Friday, July 25, 2003 11:29 AM Subject: [CANSLIM] Another mystery plunge > On 7/18 Duane reported TBL plunged $8 on no-bad-news earning > release. Today OSTE plunged 23% on 50% surprise of earning release. > The estimates is $0.10 vs. $0.02 year ago. The actual earning is > $0.15/share. > > Why price drop? The fundies and TA are all great. Your experience > comments will be appreciated, > -Hong > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Fri, 25 Jul 2003 09:30:15 -0700 From: "DMC197807" Subject: Re: [CANSLIM] Another mystery plunge Hong, I'm not familiar with breakoutwatch.com's service (although I did just visit their site). It looks pretty pricey for something you can probably program pretty well with TC2K and a subscription to IBD. $900 per year for the "platinum" service? In general I don't think black boxes or canned trading systems work. What works is careful screening, careful analysis, disciplined trading and disciplined money and position management. Of these four, the most important are the latter two. Academics (business schools) like to point out that no TA system has been successfully backtested to perform over lengthy periods of time. True enough, because it is impossible to put in enough general market and proof of trend indicators to reach a "scientific answer." Further proof of failure of black box systems was the LTCM debacle. Also, as Steve Nison likes to point out in analyzing candlesticks, unless you can define the trend, you don't have a candlestick. The big question here, the first question, is what is the condition of the market. Finally, as for the CET thing on OSTE, with a rating of 6.8 out of 7.0 and a big plunge, what does that tell you about the infallibility of their rating system? DMC - ----- Original Message ----- From: "Hong Hsu" To: Sent: Friday, July 25, 2003 9:12 AM Subject: Re: [CANSLIM] Another mystery plunge > DMC, > > For OSTE, the total TA score (CET) from breakoutwatch.com is 6.8 > out of 7. With that score I will tend to believe it has solid TA. Does > it? Maybe Katherine could share her insight. > > -Hong > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Fri, 25 Jul 2003 11:36:04 -0500 From: "Katherine Malm" Subject: RE: [CANSLIM] Another mystery plunge This is a multi-part message in MIME format. - ------=_NextPart_000_0027_01C352A0.EEA91810 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 8bit Gene, Please see the help file on our CE scores at: http://www.breakoutwatch.com/canslim/CE_methodology.htm This file is available by clicking the "Help" button on the Canslim Evaluator, which we make available to the CANSLIM list members who wish to use it http://www.breakoutwatch.com/canslim/ On CET specifically (from the help file, emphasis added), "In How to Make Money in Stocks, O’Neil describes the preferred technical condition of a stock at the time of a breakout, but does not provide a more general description of a “technically healthy” stock. As the goal of the CET is to provide some means of determining the technical health of a stock whether or not it is setting up for a breakout, we assign a score based on objective measurements of the stock’s price/volume action over the intermediate to long term. Scores do not take into account very near term action of the stock such as a recent breakdown, reversal, a broken short-term trend etc. " Katherine -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Gene Ricci Sent: Friday, July 25, 2003 10:21 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Another mystery plunge Hong, can you translate CET terminology into IBD jargon? Thanks, Gene ----- Original Message ----- From: Hong Hsu To: canslim@lists.xmission.com Sent: Friday, July 25, 2003 11:12 AM Subject: Re: [CANSLIM] Another mystery plunge DMC, For OSTE, the total TA score (CET) from breakoutwatch.com is 6.8 out of 7. With that score I will tend to believe it has solid TA. Does it? Maybe Katherine could share her insight. -Hong - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - ------=_NextPart_000_0027_01C352A0.EEA91810 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable

Gene,

Please see the help file on our CE = scores=20 at:

http://w= ww.breakoutwatch.com/canslim/CE_methodology.htm

This file is available by clicking = the=20 "Help" button on the Canslim Evaluator, which we make available to the = CANSLIM=20 list members who wish to use it

http://www.breakoutwatch.c= om/canslim/

On CET specifically (from the help = file,=20 emphasis added),

"In How to Make Money in = Stocks,=20 O=92Neil describes the preferred technical condition of a stock at = the time of=20 a breakout, but does not provide a more general description of a = =93technically=20 healthy=94 stock. As the goal of the CET is to provide some means of = determining=20 the technical health of a stock whether or not it is setting up for a = breakout,=20 we assign a score based on objective measurements of the stock=92s = price/volume=20 action over the intermediate to long term. Scores do not = take into=20 account very near term action of the stock such as a recent breakdown, = reversal,=20 a broken short-term trend etc. "

Katherine

-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of Gene=20 Ricci
Sent: Friday, July 25, 2003 10:21 AM
To:=20 canslim@lists.xmission.com
Subject: Re: [CANSLIM] Another = mystery=20 plunge

Hong, can you translate CET = terminology into=20 IBD jargon?

Thanks,

Gene

----- Original Message -----
From:=20 Hong Hsu
To: canslim@lists.xmission.com= =20

Sent: Friday, July 25, 2003 = 11:12=20 AM

Subject: Re: [CANSLIM] = Another mystery=20 plunge

     = DMC,

    For=20 OSTE, the total TA score (CET) from breakoutwatch.com is 6.8 =
out=20 of 7. With that score I will tend to believe it has solid = TA. =20 Does
it?   Maybe Katherine could share her=20 insight.

    -Hong

-
-To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
-In= the=20 email body, write "subscribe canslim" or
-"unsubscribe = canslim". Do=20 not use quotes in your = email.

- ------=_NextPart_000_0027_01C352A0.EEA91810-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Fri, 25 Jul 2003 12:56:38 -0400 From: "Pritish Shah" Subject: Re: [CANSLIM] Another mystery plunge DMC, Please do not consider what I say as criticism. With TC2K, you also have to purchase the subscription. Once you do that, = you have to do the programming in it with the information that it gives. = If such a program exists, then great. If not, then you have to do it = yourself.=20 Also with TC2K, do you have to have the software running to get the = alerts? I am one of the subscribers of breakoutwatch.com and I find it convenient = that I can get the alerts anywhere via email. I look at Total Cost of Ownership. If I were to spend five weeks programmin= g and perfecting TC2K, then I would have spent 5 wks * 40 hrs/wk * $40/hr = or $8000 +$300/yr. In contrast, my Total Cost of Ownership for breakoutwatc= h.com to be effective is $900/yr. No indicators are infallible. This is an "odds" game. What are the odds of = you succeeding? If you can improve the odds above 50%, you are successful. = If you improve the odds to 60%, it is good. If a tool helps you improve = the odds to 80%, it is great and that is what any indicator is about. For some TC2K makes sense. For others breakoutwatch.com makes sense. Pritish >>> dmc197807@comcast.net 7/25/2003 12:30:15 PM >>> Hong, I'm not familiar with breakoutwatch.com's service (although I did just = visit their site). It looks pretty pricey for something you can probably = program pretty well with TC2K and a subscription to IBD. $900 per year for the "platinum" service? In general I don't think black boxes or canned trading systems work. What works is careful screening, careful analysis, disciplined trading and disciplined money and position management. Of these four, the most important are the latter two. Academics (business schools) like to point out that no TA system has been successfully backtested to perform over lengthy periods of time. True enough, because it is impossible to put in enough general market and proof of trend indicators to reach a "scientific answer." Further proof of failure of black box systems was the LTCM debacle. Also, as Steve Nison likes to point out in analyzing candlesticks, unless you can define the trend, you don't have a candlestick. The big question here, the first question, is what is the condition of the market. Finally, as for the CET thing on OSTE, with a rating of 6.8 out of 7.0 and = a big plunge, what does that tell you about the infallibility of their = rating system? DMC - ----- Original Message ----- From: "Hong Hsu" To: Sent: Friday, July 25, 2003 9:12 AM Subject: Re: [CANSLIM] Another mystery plunge > DMC, > > For OSTE, the total TA score (CET) from breakoutwatch.com is 6.8 > out of 7. With that score I will tend to believe it has solid TA. Does > it? Maybe Katherine could share her insight. > > -Hong > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Fri, 25 Jul 2003 12:06:36 -0500 From: "Katherine Malm" Subject: RE: [CANSLIM] Another mystery plunge Hi DMC, While I fully understand that not all services and/or software packages are for everyone, I believe that you have not accurately represented BreakoutWatch when you suggest that it is a black box. In fact, the CE scores are designed specifically to be transparent, something that is not done with IBD's proprietary rankings such as SMR/EPS/AD/Timeliness, etc. Stocks are not selected for inclusion on a watchlist based on CE scores, instead this is based only on the price pattern of the stock. I agree with you that TA systems cannot be fully tested, but that would hold for the entire CANSLIM arsenal of intermediate term patterns and therefore would assume that one should not or cannot trade these patterns at all, whether one uses TC2000, metastock or any other technical analysis program. A subscription to a combination of DGO/IBD/TC2000 would run you annually $1000 for the full DGO package + $300 for IBD + $350 TC2000 (not sure of exact number). In the end, trading is about choices and services run the full spectrum from the most generalized TA application plus fundamental research (for full-bore analysis and an all-things-possible approach) to the opposite end of the spectrum which includes stock picking services that hand feed the user on what and when to buy and sell (for a highly specific approach to a highly specific trading methodology). BreakoutWatch is at neither end of this extreme spectrum. Each service has their place, each has their tradeoffs, each has their strengths/weaknesses and each fits a different sytle of user. That's why there are so many choices at each end and throughout the entire spectrum. Please see my separate posting with links to the CE score help file which addresses your specific comment on the CET. Katherine - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of DMC197807 Sent: Friday, July 25, 2003 10:30 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Another mystery plunge Hong, I'm not familiar with breakoutwatch.com's service (although I did just visit their site). It looks pretty pricey for something you can probably program pretty well with TC2K and a subscription to IBD. $900 per year for the "platinum" service? In general I don't think black boxes or canned trading systems work. What works is careful screening, careful analysis, disciplined trading and disciplined money and position management. Of these four, the most important are the latter two. Academics (business schools) like to point out that no TA system has been successfully backtested to perform over lengthy periods of time. True enough, because it is impossible to put in enough general market and proof of trend indicators to reach a "scientific answer." Further proof of failure of black box systems was the LTCM debacle. Also, as Steve Nison likes to point out in analyzing candlesticks, unless you can define the trend, you don't have a candlestick. The big question here, the first question, is what is the condition of the market. Finally, as for the CET thing on OSTE, with a rating of 6.8 out of 7.0 and a big plunge, what does that tell you about the infallibility of their rating system? DMC - ----- Original Message ----- From: "Hong Hsu" To: Sent: Friday, July 25, 2003 9:12 AM Subject: Re: [CANSLIM] Another mystery plunge > DMC, > > For OSTE, the total TA score (CET) from breakoutwatch.com is 6.8 > out of 7. With that score I will tend to believe it has solid TA. Does > it? Maybe Katherine could share her insight. > > -Hong > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Fri, 25 Jul 2003 11:12:36 -0600 From: "David Taggart" Subject: RE: [CANSLIM] Another mystery plunge Hello, I will let Katherine answer the Breakoutwatch part. As for black boxes and business schools I dont agree that fully automated trading systems dont work. I know of more then a few that have been doing the same thing for several years now and are consistently profitable. There are some funds that have amazing track records that use automated trading systems and have used them for years. LTCMs' problems were not their models but their crappy trading. They were way overleveraged and traded in too thin of markets but the models were and are very useful. They are still being used by Merriwether in his new fund but this time he is using a lot less leverage and not trading in the thin markets. Business schools teach a lot of useful concepts but they also teach a lot of jibberish. EMH is just one example. If they are right then we cant beat the market so why even bother just buy an index fund or the SPYders and be the market. Options are a losing game is another thing most teachers try to preach. My answer to that is that any game can be a losing game but if you know what you are doing you can be a winner. Thats enough ranting for now. Suffice it to say I trade and know people who trade systems and do very well. Happy Trading, David Taggart - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of DMC197807 Sent: Friday, July 25, 2003 10:30 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Another mystery plunge Hong, I'm not familiar with breakoutwatch.com's service (although I did just visit their site). It looks pretty pricey for something you can probably program pretty well with TC2K and a subscription to IBD. $900 per year for the "platinum" service? In general I don't think black boxes or canned trading systems work. What works is careful screening, careful analysis, disciplined trading and disciplined money and position management. Of these four, the most important are the latter two. Academics (business schools) like to point out that no TA system has been successfully backtested to perform over lengthy periods of time. True enough, because it is impossible to put in enough general market and proof of trend indicators to reach a "scientific answer." Further proof of failure of black box systems was the LTCM debacle. Also, as Steve Nison likes to point out in analyzing candlesticks, unless you can define the trend, you don't have a candlestick. The big question here, the first question, is what is the condition of the market. Finally, as for the CET thing on OSTE, with a rating of 6.8 out of 7.0 and a big plunge, what does that tell you about the infallibility of their rating system? DMC - ----- Original Message ----- From: "Hong Hsu" To: Sent: Friday, July 25, 2003 9:12 AM Subject: Re: [CANSLIM] Another mystery plunge > DMC, > > For OSTE, the total TA score (CET) from breakoutwatch.com is 6.8 > out of 7. With that score I will tend to believe it has solid TA. Does > it? Maybe Katherine could share her insight. > > -Hong > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Fri, 25 Jul 2003 13:21:08 -0400 From: Hong Hsu Subject: Re: [CANSLIM] OSTE Another mystery plunge - --------------060801040604050804060006 Content-Type: text/plain; charset=us-ascii; format=flowed Content-Transfer-Encoding: 7bit Here are the speculation to selloff OSTE: 1. market went down 2. taking profit 3. selected wrong button. Instead select a Buy button, the guy from big firm pressed sale button. Once that happens, all market orders set last night are executed. Then sell short enter the game. And then that triggers further huge selloff. 4. reading earning release news is not enough, one needs to read whole SEC filling. which one is right reason. First one is not right because the market was up, at least not down before 10 am. The second one is not either because usually taking profit will take place AFTER price surge up, not from support line. Right? And ... reason is.....? That reminds me that one thing is certain that the market is uncertain, -Hong Pete wrote: >OSTE reported earnings this morning. Smallcaps have a tendency to plument >after an earnings report good or bad. I've learned to pay attention to >Earnings dates and I like to take some profits before earnings are releasd. >----- Original Message ----- >From: "Hong Hsu" >To: >Sent: Friday, July 25, 2003 11:29 AM >Subject: [CANSLIM] Another mystery plunge > > > > >> On 7/18 Duane reported TBL plunged $8 on no-bad-news earning >>release. Today OSTE plunged 23% on 50% surprise of earning release. >> The estimates is $0.10 vs. $0.02 year ago. The actual earning is >>$0.15/share. >> >>Why price drop? The fundies and TA are all great. Your experience >>comments will be appreciated, >>-Hong >> >> >> >>- >>-To subscribe/unsubscribe, email "majordomo@xmission.com" >>-In the email body, write "subscribe canslim" or >>-"unsubscribe canslim". Do not use quotes in your email. >> >> > > >- >-To subscribe/unsubscribe, email "majordomo@xmission.com" >-In the email body, write "subscribe canslim" or >-"unsubscribe canslim". Do not use quotes in your email. > > > - -- < As a computer I find your faith in technology amusing. - --------------060801040604050804060006 Content-Type: text/html; charset=us-ascii Content-Transfer-Encoding: 7bit Here are the speculation to selloff OSTE:
1. market went down
2. taking profit
3. selected wrong button. Instead select a Buy button, the guy from big firm pressed sale button. Once that happens, all market orders set last night are executed. Then sell short enter the game. And then that triggers further huge selloff.
4. reading earning release news is not enough, one needs to read whole SEC filling.

which one is right reason. First one is not right because the market was up, at least not down before 10 am. The second one is not either because usually taking profit will take place AFTER price surge up, not from support line. Right?

And ... reason is.....?

That reminds me that one thing is certain that the market is uncertain,
-Hong

Pete wrote:

OSTE reported earnings this morning.  Smallcaps have a tendency to plument
after an earnings report good or bad.  I've learned to pay attention to
Earnings dates and I like to take some profits before earnings are releasd.
- ----- Original Message ----- 
From: "Hong Hsu" <honghsu@bellatlantic.net>
To: <canslim@lists.xmission.com>
Sent: Friday, July 25, 2003 11:29 AM
Subject: [CANSLIM] Another mystery plunge

       On 7/18 Duane reported TBL plunged $8 on no-bad-news earning
release.  Today OSTE plunged 23% on 50% surprise of earning release.
 The estimates is $0.10 vs. $0.02 year ago.  The actual earning is
$0.15/share.

Why price drop?   The fundies and TA are all great.    Your experience
comments will be appreciated,
- -Hong



- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim".  Do not use quotes in your email.



- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim".  Do not use quotes in your email.

-- 
 <Linux kernel:>< As a computer I find your faith in technology amusing.

- --------------060801040604050804060006-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Fri, 25 Jul 2003 12:26:59 -0500 From: "Katherine Malm" Subject: RE: [CANSLIM] OSTE Another mystery plunge This is a multi-part message in MIME format. - ------=_NextPart_000_0031_01C352A8.0B4FFA40 Content-Type: text/plain; charset="us-ascii" Content-Transfer-Encoding: 7bit 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 -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Hong Hsu Sent: Friday, July 25, 2003 11:21 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] OSTE Another mystery plunge Here are the speculation to selloff OSTE: 1. market went down 2. taking profit 3. selected wrong button. Instead select a Buy button, the guy from big firm pressed sale button. Once that happens, all market orders set last night are executed. Then sell short enter the game. And then that triggers further huge selloff. 4. reading earning release news is not enough, one needs to read whole SEC filling. which one is right reason. First one is not right because the market was up, at least not down before 10 am. The second one is not either because usually taking profit will take place AFTER price surge up, not from support line. Right? And ... reason is.....? That reminds me that one thing is certain that the market is uncertain, -Hong Pete wrote: OSTE reported earnings this morning. Smallcaps have a tendency to plument after an earnings report good or bad. I've learned to pay attention to Earnings dates and I like to take some profits before earnings are releasd. - ----- Original Message ----- From: "Hong Hsu" To: Sent: Friday, July 25, 2003 11:29 AM Subject: [CANSLIM] Another mystery plunge On 7/18 Duane reported TBL plunged $8 on no-bad-news earning release. Today OSTE plunged 23% on 50% surprise of earning release. The estimates is $0.10 vs. $0.02 year ago. The actual earning is $0.15/share. Why price drop? The fundies and TA are all great. Your experience comments will be appreciated, - -Hong - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - -- < As a computer I find your faith in technology amusing. - ------=_NextPart_000_0031_01C352A8.0B4FFA40 Content-Type: text/html; charset="us-ascii" Content-Transfer-Encoding: quoted-printable

Hi Hong,

I'll add another item to your = list. That is,=20 OSTE has a history of trading in volatile swings. Take a look at a = weekly price=20 chart and you'll see what I mean. While this doesn't "explain" the = action, it=20 does give it greater context.

Katherine

-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of Hong=20 Hsu
Sent: Friday, July 25, 2003 11:21 AM
To:=20 canslim@lists.xmission.com
Subject: Re: [CANSLIM] OSTE = Another=20 mystery plunge

Here are the = speculation to=20 selloff OSTE:
1. market went = down
2.=20 taking profit
3. selected wrong button. = Instead=20 select a Buy button, the guy from big firm pressed sale button. = Once=20 that happens, all market orders set last night are executed. Then sell = short=20 enter the game. And then that triggers further huge selloff. = =20
4. reading earning release news is not enough, one = needs to=20 read whole SEC filling.

which one is right reason. = First one is not right because the market was up, at least not = down=20 before 10 am. The second one is not either because usually = taking profit=20 will take place AFTER price surge up, not from support line.=20 Right?

And ... reason is.....?

= That reminds me that one thing is certain that the market is=20 uncertain,
-Hong

Pete wrote:
OSTE reported earnings this morning.  =
Smallcaps have a tendency to plument
after an earnings report good or bad.  I've learned to pay attention to
Earnings dates and I like to take some profits before earnings are =
releasd.
- ----- Original Message -----=20
From: "Hong Hsu" <honghsu@bellatlantic.net>=

To: <canslim@lists.xmission.com=
>
Sent: Friday, July 25, 2003 11:29 AM
Subject: [CANSLIM] Another mystery plunge


  
       On 7/18 Duane =
reported TBL plunged $8 on no-bad-news earning
release.  Today OSTE plunged 23% on 50% surprise of earning release.
 The estimates is $0.10 vs. $0.02 year ago.  The actual earning is
$0.15/share.

Why price drop?   The fundies and TA are all great.    Your experience
comments will be appreciated,
- -Hong



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--=20
 <Linux kernel:>< As a computer I find your faith in technology =
amusing.

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