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8 pts

Opinion on  Atwood Oceanics Inc. (ATW)     Sector: Energy  >  Industry: Oil Well Services & Equipment
Bearish on ATW ...

Jun 30, 2008 11:36 PM UTC
Return Risk
-26.10% LOW
Analyst

Upon second thought, I think the stock is well over its 5% buy point which using the CANSLIM method I would estimate to be in the $112 range.  Therefore, IM OUT!


Update 07/15:

I


Update 07/15:

The only reason I got "bearish" on ATW is that I thought it was passed its buy point according to the CANSLIM method.  It just so happened that the stock colapsed.  I wish I could contribute the 55% gain on ATW to my excellent stock selection skills - unfortunately I cannot.  This bear market has taught me a hard lesson - the "M" in CANSLIM is vital!  Even some of my energy stocks which I was sure were going to take off with the energy shortage tanked with the rest of the market. 


ATW:  This call was made on 06/30/08 @ $61.55
Rating:   Negative   $61.55 (06/30/08)
Gain/Loss:   +68.51% in 191 days


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hilljt previously rated ATW
Positive +0.00% Just going with my gut
06/30/2008
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