Partially O.T.
Steve, PTIE doesn't come out on the link for the scan you gave.
It lists 30 stocks, and there are a few that are related to this subject like CPHD VIVO & MYGN & a few others that I am familiar with, like SXE ALVR & TUNE, but that aren't related.
I don't know what the criteria is for that scan. As you know, scans are becoming more & more popular these days.<g>
Among the well known sites for stock "scans" or "screenings" are IBD,Fidelity, MarketWatch,Morningstar, MSN Money,Smart Money,Yahoo Finance, Zacks,etc.
There are some where you can make a scan based on a stock's TA or pattern, like in the Worden's TC2000, & IQ chart, among others.
Of course, the results of a "scan" or "screen" is just a starting point from where to try to find some further information about the stock in particular, as it is also an UG or "spike".
For instance, I remember the UG May 17 on the first one of that list, SXE, because on that same day there was an UG in DUSA, which is a stock in which Sergio had been interested a few years back.But the course after the UGs were quite different.
SXE UG & spike were due to the announcement of its 4thQ results, which were followed by analysts "upgrades" & later by further announcements of government contracts & the stock didn't close its UG & has doubled in price.
bigcharts.marketwatch.com
DUSA on the other hand,after announcing that the FDA had granted "orphan drug" status to its Levulan for esophageal dysplasia, continued to report persistent losses in spite of better revenues.It closed the UG & came down 50% from the spike on that day. albeit it is now trying to form a base at $2 & seems worth of keeping on a WL.<g>
bigcharts.marketwatch.com
Re: PTIE
It partially closed its May 2 UG.That was when it reported its 1stQ results. The volume on that day of 2,822,300 is the largest so far this Yr. The second one is the 1,360,000 on Aug 9, which was also an up-day as the stock was trying to recover from the Jul- Aug dip.
bigcharts.marketwatch.com
The 1stQ revenues & earnings were very good, but the 2ndQ results weren't as impressive. The EE for 2007 are around $0.40/shr vs. the $0.14/shr in 2006 & that also compares good to its long list of previous losses, but the EE for 2008 are only around $0.11/shr.
As you said, the stock needs to close above $10 before it can test its Feb 2006 H at $11.80 & its April 2002 at $12.12. If it can go through those resistant points it could get to the $20 level.<g> (The Jul 2000 H was $26.38)
bigcharts.marketwatch.com
Bernard |
