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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Asymmetric who wrote (29257)	12/17/2007 10:58:57 PM
From: Asymmetric	Read Replies (2) \| Respond to of 78702

Coldwater: CWTR - Limit Order Hit at $6.71. stockcharts.com Not sure I want the stock now that my order hit. Noted following insider buys: Dan Griesemer: Oct 17 30,000 @ $8.43 Mike Potter: Oct 17...... 13,000 @ $8.45 Frank Lesher: Dec 3... 10,000 @ $8.21 At 6.71, my purchase is 18% below lowest insider purchase on Dec 3. Admittedly Financial ratios not all that great. However, stock appears oversold, and insider purchases of $8+ gives me some hope of a dead cat bounce possibility. CWTR did open 65 new stores this year. Same store sales fell however about 10%. But frankly, whose apparel sales didn't? Chicos, Limited, Talbots, Gap? Retail totally unloved. Seems overreaction? Would have been a great short 3 months ago. Not sure who would want to short this after it has fallen -44.3% over last 3 months and -71.6% over last 6 months. Plenty of blood on the street on this one. Got this on a tight leash. Live to fight another day is my present mantra. - A.