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shamapant (91.16)

Ascending Triangle-Osiris Therapeutics

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June 14, 2011 – Comments (9) | RELATED TICKERS: OSIR

Osiris Therapeutics is nearing the end of its ascending triangle. Great buy in point.

9 Comments – Post Your Own

#1) On June 14, 2011 at 2:09 PM, shamapant (91.16) wrote:

grrr-didnt show the image--http://finviz.com/quote.ashx?t=OSIR

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#2) On June 14, 2011 at 3:30 PM, zzlangerhans (99.73) wrote:

What exactly are you predicting?

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#3) On June 14, 2011 at 4:45 PM, shamapant (91.16) wrote:

well, I know that the Fool is a long term buy and hold site, so this may not be that important to anyone. Anyways, I am predicting a large price breakout soon for OSIR based on the fact that since mid march  the price has bounced between a resistance of around 7.30 and a constantly increasing support(6.82 at may 25th and 6.97 at June 6th). As OSIR is hitting those levels again, i think it may be ready to break into a significant uptrend. Even today OSIR was lowest at 6.96(for practically 2 minutes) and then hit lows of 6.97 for the rest of the day.

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#4) On June 14, 2011 at 4:45 PM, shamapant (91.16) wrote:

well, I know that the Fool is a long term buy and hold site, so this may not be that important to anyone. Anyways, I am predicting a large price breakout soon for OSIR based on the fact that since mid march  the price has bounced between a resistance of around 7.30 and a constantly increasing support(6.82 at may 25th and 6.97 at June 6th). As OSIR is hitting those levels again, i think it may be ready to break into a significant uptrend. Even today OSIR was lowest at 6.96(for practically 2 minutes) and then hit lows of 6.97 for the rest of the day.

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#5) On June 14, 2011 at 4:45 PM, shamapant (91.16) wrote:

well, I know that the Fool is a long term buy and hold site, so this may not be that important to anyone. Anyways, I am predicting a large price breakout soon for OSIR based on the fact that since mid march  the price has bounced between a resistance of around 7.30 and a constantly increasing support(6.82 at may 25th and 6.97 at June 6th). As OSIR is hitting those levels again, i think it may be ready to break into a significant uptrend. Even today OSIR was lowest at 6.96(for practically 2 minutes) and then hit lows of 6.97 for the rest of the day.

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#6) On June 14, 2011 at 4:46 PM, shamapant (91.16) wrote:

ugh sorry, internet error....

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#7) On June 14, 2011 at 6:00 PM, zzlangerhans (99.73) wrote:

What is a large price breakout? 5%? 10%? 100%?

I just ask because I don't believe in technical analysis. I consider it to be the herbal medicine of the stock market, beloved by its proponents but never subjected to prospective testing. Furthermore, if it really worked everyone would use it and thereby it would cancel itself out.

I follow Osiris based on fundamentals and I don't see a high likelihood of a breakout. Of course, the company could suddenly announce a Prochymal BLA submission or an approval in Canada, but I don't see how analysis of price movements could predict that.

Obviously, one example doesn't prove anything one way or another but at least say what your position is. 

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#8) On June 14, 2011 at 8:07 PM, shamapant (91.16) wrote:

sorry, maybe a large price breakout is relative to the investor, I am predicting a breakout of around 10 to 15%, although of course, you are right that technical analysis has its flaws and I wouldn't jump into this stock with real money unless had done extensive fundamental research that points to the 10 to 15% undervaluing that technical analysis would indicate.

my personal opinion is that technical investing should never be the primary investing outlook(obvious because I have a fool account, theres really nothing technical on fool), but I have seen that technical investing can help with short term. This seems a little contradictory if I am investing for buy and hold, but where buy and hold might get you returns after a long time, I like technical analysis as a way to make sure I don't buy into the start of a down trend for example. It won't make THAT much of a difference long term, but it can save you plenty of money(or make you money if you are looking to buy at a lower price). Cisco is the stock I use as an example because while I would have invested a long time ago, thinking it was undervalued, Cisco is still going down...but you could have figured that out with Fundamentals too-just a different approach!

Fundamentals are definetly the best as seen with people like Buffet, historically accurate, and my general rule-never trust a technical analysis alone. I hope that clarified something? 

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#9) On June 15, 2011 at 12:08 AM, shamapant (91.16) wrote:

Also, I just noticed, if you are looking for a more fundamental reason-recent insider buying by a director of the company--http://www.insidercow.com/history/company.jsp?company=osir&B1=Search%21

 This isn't my stated reason for it going up, but its interesting that a few days ago someone in the company thought they were buying at a nice price. 

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