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To: Bruce Cullen who wrote (1805)5/4/1999 2:18:00 PM
From: Jeffrey L. Henken  Respond to of 2662
 
As soon as I get home from work tonight I'll really go through it and look at ATIS too.

Regards, Jeff



To: Bruce Cullen who wrote (1805)5/4/1999 5:40:00 PM
From: Jeffrey L. Henken  Read Replies (1) | Respond to of 2662
 
Reason's behind ORG's short selling may be due simply to the technical situation. Here is what I found at Market Edge's Second Opinion:

Moving Average Convergence/Divergence (MACD) indicates a BEARISH TREND
Chart pattern indicates a WEAK DOWNWARD TREND
Relative Strength is BEARISH
Up/Down volume pattern indicates that the stock is under DISTRIBUTION
The 50 day MOVING AVERAGE is falling which is BEARISH
The 200 day MOVING AVERAGE is falling which is BEARISH
WATCH FOR RESISTANCE AT 11.78
Stochastics indicate stock is OVERSOLD

RECOMMENDATION

STOCK IS A SHORT SALE CANDIDATE; STOCK IS OVERSOLD; WAIT FOR RALLY TO SHORT STOCK, IF YOU ARE LONG; CLOSE POSITION OR MONITOR STOCK CLOSELY



To: Bruce Cullen who wrote (1805)5/4/1999 6:12:00 PM
From: Jeffrey L. Henken  Read Replies (1) | Respond to of 2662
 
Skin is considered an organ. Here's another reason why ORG is up against it with short sellers:

Wedbush Morgan Securities issued a Company Report on December 31, 1998 for Organogenesis Inc..

biz.yahoo.com

On December 31, 1998 Wedbush Morgan Securities's Research Department issued a 1 page Company Report on Organogenesis Inc. Report highlights: 'The fiscal 1998 and 1999 EPS estimates were reduced to ($0.45) and ($0.41), from ($0.25) and ($0.34) per share, respectively. The downward earnings revisions reflect lower- than-expected top-line and bottom-line 3Q98 results. A SELL rating was maintained with a price target of $4 3/4 per share.'

Believe me Bruce, I have absolutely no faith in analyst's reports. Everyone seems to be negative on ORG, but how did they get the stock so high in the first place? They will change their tunes. Unfortunately for now the stock may drift back to 52 week lows if they don't change their tune soon.

On ATIS the situation is really quite a bit better. Technically Market Edge says buy. Me I'm not so sure.

quote.yahoo.com

Thanks, Jeff