CAMH....worth watching

[Jim Smith]

this stock is worth watching....November 2nd, the company announced a 121% YOY sales increase.....November 7th, the ceo will appear at a healthcare conference....November 15th we get the ABCD study results....New CEO is sales and marketing oriented.....Breakout of double peak at $2.60 ushered in move to nearly $3.....$3.11 is resistance .....THey've got the patents and the government is willing to pay for their product.....the sales force is now just starting to ramp....I believe this will be another Biolase Technology, the left side of the chart before the tumble.

[mrmarket]

Jim...who let you out of your thread??

[New-born baby]

this stock is worth watching....I believe this will be another Biolase Technology, the left side of the chart before the tumble.


Jim,
What is BIOLASE Technology? And what are your price targets for CAMH?

[Jim Smith]

Biolase makes water lasers for dentists....Their product costs up to $70K...Of course, dentists don't have to buy it and no government entity was reimbursing for use of it....BLTI ran to $22+ before imploding to $7....Now, CAMH makes a $30K device, the tests cost $400 per patient which the governement and many HMOs are willing to reimburse....MTWA, which CAMH machines measure, is the indicator for who needs an implantable cardiac defribillator....For years, MDT, STJ and BSX wanted to implant ICDs in everyone but now everyone is afraid, though some do need them....CAMH's technology is a risk stratifier for identifying who is at risk from sudden cardiac death and hence needs an ICD. In recent weeks, CAMH has taken steps to go from an R&D oriented company to a sales and markeing company with a new CEO and the nucleus of a sales force. Watch for ICD makers to embrace CAMH where before they saw them as a threat to their ICD market. This is what the ABCD test results, coming Nov 15th, will facilitate. Goldman sachs took this company public 10 years ago and it ran to $15.50 before tumbling....I believe it gets back and if sales continue to ramp, it gets there fast.

[grebnet]

Just a note......I sold all of my CAMH yesterday after speaking with a cardiologist who said this T-wave alterans test is of no value. I was fairly high on its potential but decided they are earning so little money 2 million/qtr) that if his opinion is shared by other cardiologists...they are in trouble. Now that Im out it will probably go to $5 but thats OK I made a few $$$ on the deal and on to the next....

[Jim Smith]

Grebnet, you don't sound like a senior member.....

[riverbabe]

New CEO is sales and marketing oriented..........the sales force is now just starting to ramp

So, from 2-3 sales persons to how many? Never could figure out why they just didn't hire a company with a strong sales force, like Henry Schein or J&J or Abbott, to do the sales and marketing for them. Or maybe that's what the new CEO has in mind? river

[grebnet]

Grebnet, you don't sound like a senior member.....

Do you just not like a negative sentiment ???

I have ( until Friday ) owned 1.8 blocks(per haddad)from 4/20/06,4/24,and 7/11/06 . My negative came about after speaking with a cardiologist friend ( while he was inserting a defribillating pacemaker )
he felt this alterans test was of no value... He may be 100 % wrong but to me there are plenty of other stocks out there. It wont bother me if you all make more $$$ in this than I did and I wish you well.

Its better to sell and be sorry than to not sell and be sorry..

[Jim Smith]

and I don't think your Cardio knows either....anyway, you'r out and it's flying.

[grebnet]

Jim....I have always respected your posts and picks . My statements are not meant to insult you ...just posting my concerns .


I welcome your explanation.

[Lyehopper]

and I don't think your Cardio knows either....anyway, you'r out and it's flying.
Volume up pretty good too. http://www.mrmarketishuge.com/images/icons/icon14.gif Now can it hold that 14% gain?

[IIC]

Jim....I have always respected your posts and picks . My statements are not meant to insult you ...just posting my concerns .


I welcome your explanation.


Geez Greb...When I make a statement like that you jump all over me...Told 'ya I have the best memory on the Board...IIC

[Jim Smith]

IMO, this is a $10 stock by Xmas.....and a $15 stock by March.....the driver is a sudden acceptance by Cardiologists across the board supported by the results of a 5 year study referred to as the ABCD test.....this gets reported Nov 15th.....Today, the CEO of CAMH is speaking at a CIBC healthcare conference hence the gap higher preopen....this is the best idea I have to give you at this time.

[Lyehopper]

It's nice to see a trade come together like this, congrats Jim. http://www.mrmarketishuge.com/images/icons/icon14.gif

[Jim Smith]

IMO, CAMH is just starting to roll....This is the kind of trade where you can make life changing money, imo.

[Lyehopper]

IMO, CAMH is just starting to roll....This is the kind of trade where you can make life changing money, imo.
If my life changed I'd be very upset Jim.... Isn't it possible to own CAMH and just kinda keep things the way they are?

[Tatnic]

IMO, CAMH is just starting to roll....This is the kind of trade where you can make life changing money, imo.

you may be right this time, but you've been known to make these wild predictions numerous times in the past only to have them blow up without warning.

I know nothing about the company...for all I know it could be the greatest investment of all time! Good luck with it.

[New-born baby]

you may be right this time, but you've been known to make these wild predictions numerous times in the past only to have them blow up without warning.

I know nothing about the company...for all I know it could be the greatest investment of all time! Good luck with it.

Sure has a pretty chart. I can see at least $8.50 if she can bust $4.00. But first things first: $4.00 looks pretty easy from here.

http://img54.imageshack.us/img54/497/chart1nj3.gif (http://imageshack.us)

[Jim Smith]

Not interested in debating this.....That POT call was dead right....that ELN trade idea has been bad but Fidelity was buying the daylights out of it so not sure why the weakness....CAMH is the real deal....But you guys won't buy it so I am tired of talking about it.

[Lyehopper]

Not interested in debating this.....That POT call was dead right....that ELN trade idea has been bad but Fidelity was buying the daylights out of it so not sure why the weakness....CAMH is the real deal....But you guys won't buy it so I am tired of talking about it.
Somebody's buying it, maybe you should shut up about CAMH so it'll pullback....SsSsSsSsss!

[jblaze71]

Jim,

I do think you are right on in this matter. This test is an easy adjunvant to a normal stress test and the literature supports this. I think the limit will be the reimbursement the cardiologists or electrophysiologists will receive to interpret the test. Although if it leads to more ICDs, it definitely will be adopted.

[New-born baby]

Jim,

I do think you are right on in this matter. This test is an easy adjunvant to a normal stress test and the literature supports this. I think the limit will be the reimbursement the cardiologists or electrophysiologists will receive to interpret the test. Although if it leads to more ICDs, it definitely will be adopted.

I see you are an emergency room physician. Do you own CAMH?

Greenville, SC: I lived there almost nine years. Nice city.

[Jim Smith]

on Nov 15th, these two companies will jointly discuss the results of the five year study to determine CAMH's test value......I believe that, after years of trying to throw roadblocks in front of CAMH for the purpose of selling more ICDs, the ICD makers will support CAMH. Perspective patients are sufficiently worried about ICD, either due to product defects or operation mortality, that they might just need one more piece of evidence to agree to the procedure....CAMH has that evidence. There's an ongoing discussion at Ragingbull.com under CAMH's symbol.

[Jim Smith]

hope you got some CAMH

[riverbabe]

I
Greenville, SC: I lived there almost nine years. Nice city.

I once knew (quite well) a furrier from Greenville, named Sedrun. Owned a shop pretty near the center of town. Did you know him?

[New-born baby]

I once knew (quite well) a furrier from Greenville, named Sedrun. Owned a shop pretty near the center of town. Did you know him?

Unfortunately, no. Are you from Greenville?

[riverbabe]

Unfortunately, no. Are you from Greenville?

Nope. But I met him in another city and once, on a trip to Greenville, drove by his shop (on purpose). Long story. I'll never forget him because he said Sedrun rhymes with "Excedrin." His private joke he probably told everyone on earth.

[jblaze71]

NBB,

I do own CAMH. I believe like Jim does that it's risk/reward ratio is huge. If this does get adopted this stock will sky rocket. Like I have said the literature is pointing in a positive direction. I do disagree with Jim on the fact that patients are worried enough about ICD's to not undergo the procedure. Most people that need ICD's do not have much other choice unless they have a reckless money hungry doctor who just wants to up their procedures. They may worry but most cardiologists are able to talk their patients into the procedure. So I don't think that this is the reason CAMH has been held down to this point. Unfortunately in medicine because of multiple problems with drug testing and physician sticking to the way they were trained, most physicians are against adopting new testing until it is widespread. I do think that Americans love more tests that are going to tell them if they actually need a procedure and this is why I think this will get adopted rapidly. I am not as high on the projections as Jim but within 2 years if this takes off, I figure that probably 1 million tests will be performed a year minimum, you could get a $30 stock. Just a thought because it is hard to figure their earnings when they have yet to hit the black.

BTY Greenville is a wonderful city. Have been here 4 months.

[DSteckler]

Branson, huh? Eat at Lamberts a few times and you'll have need for the procedure! <g>

[Tatnic]

Branson, huh? Eat at Lamberts a few times and you'll have need for the procedure! <g>

Hey Dave...hope you had a nice vacation....shouldn't you be re-opening your old thread and getting back to work? I can't speak for everyone, but I miss the cigar smoke!

[New-born baby]

NBB,

I do own CAMH. I believe like Jim does that it's risk/reward ratio is huge. If this does get adopted this stock will sky rocket. Like I have said the literature is pointing in a positive direction. I do disagree with Jim on the fact that patients are worried enough about ICD's to not undergo the procedure. Most people that need ICD's do not have much other choice unless they have a reckless money hungry doctor who just wants to up their procedures. They may worry but most cardiologists are able to talk their patients into the procedure. So I don't think that this is the reason CAMH has been held down to this point. Unfortunately in medicine because of multiple problems with drug testing and physician sticking to the way they were trained, most physicians are against adopting new testing until it is widespread. I do think that Americans love more tests that are going to tell them if they actually need a procedure and this is why I think this will get adopted rapidly. I am not as high on the projections as Jim but within 2 years if this takes off, I figure that probably 1 million tests will be performed a year minimum, you could get a $30 stock. Just a thought because it is hard to figure their earnings when they have yet to hit the black.

BTY Greenville is a wonderful city. Have been here 4 months.

Blaze,
I don't do FA (fundamental analysis), so I really appreciate your insights. Another FA medical genius on this board is Jiesen. I call him 'Jiesen the Genius' because when he calls a medical stock alert, one does very well if he just follows his lead. Glad to have you on board here, and I trust you'll profit from the exchange.

The CAMH chart reads nicely to $8.50+ at this time. I am watching that possible double top at $4. A breakout there is going to be very nice.

[New-born baby]

Here's your buying opportunity.

[Jim Smith]

This is my full allotment. I really liked the way CAMH came back at the end of the day to finish nearly unchanged on such a horrific day for just about anything medically related. I did buy today to bring me to this total.

[New-born baby]

This is my full allotment. I really liked the way CAMH came back at the end of the day to finish nearly unchanged on such a horrific day for just about anything medically related. I did buy today to bring me to this total.

Congrats, great call, and mucho profits to you (and me). I like this one, Jim.

[Tatnic]

This is my full allotment. I really liked the way CAMH came back at the end of the day to finish nearly unchanged on such a horrific day for just about anything medically related. I did buy today to bring me to this total.

this stock is overextended currently and will pull back....the question is, will you hold when it does? Remember that guy who felt so strongly about vphm that he mortgaged his house (he had 2 blocks) to load up on it when it was trading around $20? We never heard from him again. My point being that you cannot predict the future but it always, always looks rosey when the chart is bullish.

Now maybe you were buying when the chart wasn't so wildly over-extended, I seem to remember you talking about this one a few weeks ago.

[New-born baby]

this stock is overextended currently and will pull back....the question is, will you hold when it does? Remember that guy who felt so strongly about vphm that he mortgaged his house (he had 2 blocks) to load up on it when it was trading around $20? We never heard from him again. My point being that you cannot predict the future but it always, always looks rosey when the chart is bullish.

Now maybe you were buying when the chart wasn't so wildly over-extended, I seem to remember you talking about this one a few weeks ago.
Tatnic,
Yes he mentioned CAMH probably since January. He's mentioned it many times.

And yes, anything can happen in the markets. But since I hold the stock, and Blaze, and Jim has a boatload of it, let's hope it goes up! :D

[Jim Smith]

But save it for someone else....I don't need negativity from anyone on this....My cost basis is around $2.85......I will hold on the pullback.....I see sideways action on this, not a pullback. CAMH is a good speculation and I think it's going to be a homerun.....

[Jim Smith]

I've been trading 15 years and posting since AOL started.....But it's typical of freakin boards.....There were plenty of times to buy CAMH under $2, then months of time under $2.60......No one paid attention, or almost no one, to my many posts regarding CAMH.....Now, CAMH is charging and its $3.50....No longer the basement bargain but still great, IMO.....Now, those who didn't buy at the bottom cuz it looked like crap won't buy up here cuz it looks overbought....There's those who are never going to buy it no matter what but will do their damndest to throw mental hurdles in front of those who do....Is it to make themselves feel better about missing the move or is it some real altruism. I don't think it's the latter.

[Websman]

FYI - The VTP indicators are bullish on CAMH

[jblaze71]

Tatnic,

I believe this stock is a $1.5 down, $27 or more up. The fact that insurance companies have agreed to may for the test is huge. Once the cardiologists start implementing it's use it will take off. The chart is irrelevant at this point because the big move will not come for at least 6-12 months. And not to speak for Jim or NBB, but I think we all want in on a low cost basis.;)

[Websman]

Tatnic,

I believe this stock is a $1.5 down, $27 or more up. The fact that insurance companies have agreed to may for the test is huge. Once the cardiologists start implementing it's use it will take off. The chart is irrelevant at this point because the big move will not come for at least 6-12 months. And not to speak for Jim or NBB, but I think we all want in on a low cost basis.;)


I must agree with your statement.

True, my VTP indicators are bullish on this stock, but this is a long term indicator. I may buy it, but only if I get a good entry.

[jblaze71]

All the neysayers were right. I can't take a down .20 day. I'm getting out:D

[Jim Smith]

there's going to be profit taking.....November 15th is the release of the 5 year study between St Jude Medical and CAMH referred to as the ABCD study....as I understand it, it's the big enchilada....

[New-born baby]

All the neysayers were right. I can't take a down .20 day. I'm getting out:D

Wow. I guess today all the weak holders got shaken out. Hmmmm.

Looks like a double to me. Why not hold 100 shares anyway?

Hey, did you get shaken out of HANS? Yesterday HANS fell $4.41 or so; Dow Theory says she'll fall at least another $4.41. Today's action was a retest of the broken support line. Normal price action.

[Jim Smith]

Go to Google news and type in Cambridge Heart.....Read the top story....November 15th is for all the marbles.....if the results of this study are great, we're off to the races....Do you think a new CEO would take the reigns with options priced at $2.60 if this thing was a flop?

[Websman]

The drop in price today was encouraging. I'll buy CAMH if it pulls back another .71

[New-born baby]

The drop in price today was encouraging. I'll buy CAMH if it pulls back another .20

I think Blaze left way too early. Man, a pullback is to be expected after all that bull flag. Normal price action.

[Jim Smith]

since early October, we've seen three 10% pullbacks....today was hopefully the tail end of the third.....we are 10% off the recent high .....

[Tatnic]

Tatnic,

I believe this stock is a $1.5 down, $27 or more up. The fact that insurance companies have agreed to may for the test is huge. Once the cardiologists start implementing it's use it will take off. The chart is irrelevant at this point because the big move will not come for at least 6-12 months. And not to speak for Jim or NBB, but I think we all want in on a low cost basis.;)

OK...hey, I bought a little bit of this the other day just because smitty and you did a good job selling it. NOt so much that my fingernails are going to dissappear...I never take huge positions on bb stocks...been there, have the scars to show for it. I don't even know my purchase price and don't care because as soon as I start pulling out the calculator bad things happen.

[Websman]

According to my classified VTP entry point ratings system, CAMH will be a buy when it hits 2.53... Yes my humans, you have heard me right. I have ran all of the vectors and CAMH will drop .71 before it continues up. CAMH is over extended.

[Tatnic]

I've been trading 15 years and posting since AOL started.....But it's typical of freakin boards.....There were plenty of times to buy CAMH under $2, then months of time under $2.60......No one paid attention, or almost no one, to my many posts regarding CAMH.....Now, CAMH is charging and its $3.50....No longer the basement bargain but still great, IMO.....Now, those who didn't buy at the bottom cuz it looked like crap won't buy up here cuz it looks overbought....There's those who are never going to buy it no matter what but will do their damndest to throw mental hurdles in front of those who do....Is it to make themselves feel better about missing the move or is it some real altruism. I don't think it's the latter.

YOu know why jim...I've known you for years now and I'm not about to take your word on anything alone, but since Blaze mentioned it and he's a professional and he likes its prospects, I bought a little. I would never mortgage the house on something you recommmend because you have on many occasions been wildly bullish and then wildly wrong. This may not be one of them but I don't care one way or the other because I'm not betting the house. Its more of a position just in case you're both right...and I do believe that blaze is probably more realistic on his time frame and that your's is just another one of your wild predictions. YOu know why they call it bullish don't you? Because when you're bullish all you can see is that red cape being waved in front of you, and never the sword.

[Jim Smith]

I don't know where you got this bet the house hyperbole.....Do you think my 20,000 shares is betting the house? I assure you it's not......it's like 8% of my trading portfolio.....anyway, now you have some skin in the game.

[Jim Smith]

if camh drops below $2.60, I'll be out and will likely never buy it again.....I am not sure what VTP stands for but I am not finding it very helpful or interesting frankly

[Tatnic]

I don't know where you got this bet the house hyperbole.....Do you think my 20,000 shares is betting the house? I assure you it's not......it's like 8% of my trading portfolio.....anyway, now you have some skin in the game.

I wasn't referring to you Jim, how much you bet has little bearing on what I do. One thing you said that I liked is that the company is switching gears from being an r&d company to a sales and marketing one. By the time they actually show any earnings I'm sure we'll be out of this one and onto another one.

[jblaze71]

NBB,

I was joking about getting out. Like I stated I think to make real money, this is more of a 1-2 year play.

BTW, I did get out of HANS. Still a rookie in the game so I am still trying to learn when to exit a stock without giving up gains

[Jim Smith]

do I understand correctly that you're a physician? You sound like one.

[New-born baby]

NBB,

I was joking about getting out. Like I stated I think to make real money, this is more of a 1-2 year play.

BTW, I did get out of HANS. Still a rookie in the game so I am still trying to learn when to exit a stock without giving up gains

Blaze,
At the bottom of my posts, there is a link entitled "bear flag." That is what HANS just did. And it gives some strategy for playing it. At the bottom of this post is a chart. But what I am interested to find out from you is how you determined that HANS was a short before it collapsed Thursday. Fundamental analysis, or some other way? And do you rely on charts, or how do you determine you want to short a stock?

http://img155.imageshack.us/img155/1885/chart1fe6.gif (http://imageshack.us)

[jblaze71]

Jim,

Yes I am. I just finished my residency so I am still in tune with what cardiologists are doing, but the cardiologists I rotated with were not using the Twave test yet so I do not have first hand knowledge of the test. I do think that the literature supports this test and since some insurance companies are paying for the test I think it will be implemented on a nationwide basis. I plan on talking with the electrophysiologists at my hospital system to see what they think about the test and if any of them are currently using the test, because they will be the initial group of doctors to take this mainstream. As far a the stock price, I think you have it pegged. It rests on the decision Nov. 15th.

[jblaze71]

NBB,

Just a little background on myself. I have really been reading books and IBD since March 2005. I did not have the capital to get into the stock market at that time because I was still in residency. I just started actual trading 1.5 months ago. I rely on both FA and TA, although my mind is more math related so I do favor using the charts. I have read Bulkowski's encyclopedia of chart patterns. I believed that HANS showed a dead cat bounce pattern. I figured with their in line earnings last quarter and everything that I have seen fundamentally this quarter that they would be in line again. I thought this would probably get more people to sell. Just a few thoughts; I might be totally off base and just got lucky. I welcome all input.

[New-born baby]

NBB,

Just a little background on myself. I have really been reading books and IBD since March 2005. I did not have the capital to get into the stock market at that time because I was still in residency. I just started actual trading 1.5 months ago. I rely on both FA and TA, although my mind is more math related so I do favor using the charts. I have read Bulkowski's encyclopedia of chart patterns. I believed that HANS showed a dead cat bounce pattern. I figured with their in line earnings last quarter and everything that I have seen fundamentally this quarter that they would be in line again. I thought this would probably get more people to sell. Just a few thoughts; I might be totally off base and just got lucky. I welcome all input.

How did you land in Greenville? Family there? Schooling there? Or just the way the cookie crumbled? I schooled there.

What Dow Theory says is incredible: HANS below $5 IF***IF**IF HANS breaks that support line. But the chart knows more than the FA. Right now HANS did not fully report earnings. And there is a scandal brewing. I am watching that blue support line because if it breaks, she's going to collapse.

http://img155.imageshack.us/img155/1885/chart1fe6.gif (http://imageshack.us)

[jblaze71]

NBB,

I looked on a map and picked 6 places that I wanted to live. I then just called hospitlas to see if they had an ED physician job. Based on job, cost of living, weather, and outdoor recreational activities, Greenville won out. Although I do work 3 days a month in Branson, MO so that I can fund my trading account. Did you go to Bob Jones or Furman?

[Websman]

if camh drops below $2.60, I'll be out and will likely never buy it again.....I am not sure what VTP stands for but I am not finding it very helpful or interesting frankly

Why so negative Jim? The VTP inner circle is the most elite group of traders in the world. One important requirement is that inner circle members must exhibit a positive attitude.

Stick with me Jim. I could teach you the ways of the Vulcan, but you must be willing to cooperate. :)

[Jim Smith]

i believe as i have said before, that there will be a 3 way deal between icd guys, cms, and mtwa..cms will raise lf to at least 40 maybe 45, and icd guys accept mtwa negative result as ...,..NEGATIVE, and patients finally get healthcare they deserve..Its obsurd to continue using soley lf below 30 when IF I KNOW THAT CRITERIA IS BOGUS, THAT THESE EDUCATED SCIENTISTS CERTAINLY MUST KNOW IT BY NOW...SO CMS KNOWS IT...IT DOESNT MATTER WHAT YOUR LF IS...THATS WHY I BELIEVE THE MOST IMPORTANT PART OF THE ABCD TRIAL WILL NOT BE THE COMPARISON TO EP STUDIES, BUT THE FACT THEY USED PATIENTS BELOW 40..SO THEY AGREE TO LOSE PEOPLE WITH NEGATIVE MTWA RESULTS, AND GAIN PEOPLE ABOVE LF30, THAT THEY OTHERWISE WOULD HAVE NOT GOTTEN, THEN ITS AT LEAST A PUSH...IF YOU DO THE MATH, ITS A NET POSITIVE TO EVERYONE...THE MATH IN THIS SENTENCE IS THE NUMBER ONE SUBJECT MATTER DISCUSSED AT ICD BOARD MEETINGS FOR THE PAST SEVERAL YEARS..i GUARANTEE IT,,,,,THERE ARE MANY MORE POTENTIAL PEOPLE ABOVE LF30 WITH POSITIVE MTWA THAT NEED ICDS, THEN THERE ARE PEOPLE BELOW 30 WITH NEGATIVE MTWA RESULTS. BUT in order for it to work, MTWA MUST BE EVERYWHERE AND ANYWHERE TO FIND ALL THOSE PEOPLE, IN A GLOBAL SCREENING PROCESS..IF ITS NOT EVERYWHERE AND YET IS THE ACCEPTED CRITERIA, THEN ICD GUYS LOSE.THAT IS WHY THEY MUST TOTALLY EMBRACE FOR IT TO WORK FOR THEM....IF THEY LET IT "TRICKLE OUT", THEY WILL NOT GAIN FROM ITS POSITIVE VALUE..THE ONLY WAY TO GET THE MATH RIGHT, IS TO TEST A WHOLE LOT OF PEOPLE...THERE IS NO HALFWAY...
This is a guy from ragingbull.com applying the mosaic theorey to make some interesting inferences.

[jblaze71]

Jim,

I do agree with his statement, but that does not mean that widespread testing will happen even if the STJ and CAMH research proves the effectiveness of MTWA. Unfortunately in medicine, most things are about the bottom line with minimal altruism mixed in. I will equate this test to doing an ultrasound on every high school athlete to rule out hypertrophic obstructive cardiomyopathy (The heart disease that causes sudden death in sed athletes), they have effectively rule out this scenario because detection rates are so low that it is not cost effective to do this on every athlete. I think that this is probably how the testing will work. Sorry that I am rambling but there are a lot of ideas and different scenarios that could play out. Most likely this will be adopted, many people will get the test but not everyone who needs it. The other scenario is that after widespread use if the detection rate is something around 1/1000, CMS (Medicare) will cut reimbursement and the test will go on the shelf.



BTW I do think this would be a coup for the cardiologists because they could do exercise stress tests and MTWA at the same time and could double bill. I think this will be a good push for the test because more money for the physician means more implementation

[New-born baby]

NBB,

I looked on a map and picked 6 places that I wanted to live. I then just called hospitlas to see if they had an ED physician job. Based on job, cost of living, weather, and outdoor recreational activities, Greenville won out. Although I do work 3 days a month in Branson, MO so that I can fund my trading account. Did you go to Bob Jones or Furman?


BJU. I pastor a church in Monroe, WI. :D

Greenville was an excellent choice, although it has one negative. The way those people drive . . . any 80 year old woman from Greenville can hold her own against any NY cabbie. No question about it.

[Jim Smith]

Big week coming up....I believe Blue Cross of California said they will cover MTWA as a test they deem medically necessary......Those last two words are key.....Update was Saturday.

[IIC]

I saw the question about Bob Jones...I won't go there....However, I will read the responses...I actually knew someone who went there in the early '70's...WHOA!!!...Where is the REAL World???

Jim...I have no idea about CAMH...But what about your bash on me for getting out of ELN?

We can all find fault w/ other's trades...Doug(IIC)


PS...I made 40% on HANS in 2004...Sold WAY too early thanks to...Hey...Can't blame anyone but myself...IIC

[Jim Smith]

announced this morning in a press release......CAMH shares up slightly preopen....I think only UNH has yet to announce coverage....

[Jim Smith]

this is about CAMH, not eln or hans.....

[IIC]

this is about CAMH, not eln or hans.....



You're right...sorry...Doug

[Jim Smith]

third pullback in the last 5 weeks that ended when it reached 10%.....The shares act well.....I like it when WLP used the term "medically necessary"......booyaaaa

[Websman]

third pullback in the last 5 weeks that ended when it reached 10%.....The shares act well.....I like it when WLP used the term "medically necessary"......booyaaaa
Go CAMH!

Nice job Jim... The VTP has failed me on this one. Then again, this is the first time the VTP has ever failed to predict a move. I must now hang my head in shame......... :(

So.....Jim. Are you willing to cooperate with me now? I could teach you the ways of the Vulcan.

[Jim Smith]

Presentation Abstract

Monday, November 13, 2006 10:45am - 11:00am. 2113 T-Wave Alternans SCD HeFT Study: Primary Endpoint Analysis
Michael R. Gold, MUSC, Charleston, SC
Gust Bardy, Seattle Institute for Clinical Research, Seattle, WA

Abstract: The Sudden Cardiac Death in Heart Failure Trial (SCD HeFT) demonstrated that implantable defibrillators (ICD) decrease mortality compared with amiodarone or placebo, among patients (pts) with heart failure (NYHA II-III) and a reduced ejection fraction (< 35%). There is increasing interest in more refined risk stratification of SCD. In this regard, T-wave alternans (TWA) has emerged as a promising new measure of arrhythmia vulnerability.

Methods: This was a prospective study of 490 pts enrolled in SCD HeFT at 37 sites. Exercise TWA was interpreted by 2 blinded readers. The composite primary endpoint was SCD, sustained VT/VF or appropriate ICD discharge. All cause mortality was a secondary endpoint. Median follow-up was 35 months.

Results: This cohort was 76% male with median age of 59.6 yrs and EF of 25%. NYHA II CHF was present in 71% and 49% had ischemic heart disease. TWA was classified as positive (+) in 37%, Negative (-) in 22% and Indeterminate (Ind) in 41% of pts. Among ICD and placebo pts, there was no significant difference between event free survival among TWA + and - pts (HR=1.24, p=0.56, Figure). Similarly, TWA non - (+ or Ind) did not differ from TWA - (HR=1.28, p=0.46). Finally, mortality did not differ significantly between TWA groups.

Conclusions: Indeterminate TWA results (41%) were frequently observed in this population, which may limit the utility of this test. In addition, TWA was not useful for risk stratifying arrhythmia vulnerability in SCD HeFT, regardless of test outcome.

Does this in any way hurt the validity of MTWA? Thanks.

[Websman]

Oh well...I guess Jim doesn't have time to waste on an amateur such as myself. Maybe I should go play with the kiddies on the playground...Sssssjejejeje

Seriously though Jim!

Congratulations!!!

Your friend,
The Vulcan

[Jim Smith]

I am just so wrapped up in this CAMH thing I can hardly think straight.....Did I drink four beers or six?

[Websman]

I am just so wrapped up in this CAMH thing I can hardly think straight.....Did I drink four beers or six?

It was more like a whole case.....lol

[riverbabe]

Does this in any way hurt the validity of MTWA? Thanks.

Jim, I know you're looking for jblaze to answer your question. But, in the meantime I'm going to stick my neck out. I'm afraid the results of this prospective study of TWA in a group of patients which might benefit from this test showed that TWA didn't make a heck of a difference in predicting outcome of their cardiac disease. Sorry. river (not an MD, just a former researcher)

[jblaze71]

Jim,

This study does put a dent in the theory that MTWA works well to risk stratify patients. The problem with this study and most medical studies is that the patient population is relatively small, plus this pt population is very sick and therefore did not have a long life expectancy anyway. Plus this is only one study, from what I have read there are at least 4 positive studies. As long as the next 10 studies don't come out with negative results I think we will be OK. As long as CMS and the insurance companies are on board this will be OK. CAMH sales reps really need to push the product to the cardiologists for implementation. Plus anything the company can do to scare the general public that they could be at risk for dying without this test will increase usage.

[jblaze71]

Jim,

I went back and did a search on Pubmed. Of the latest 20 articles published, I could not find another abstract that was negative in regard to the MTWA test. In fact of the literature I have found, a negative MTWA test is 97.5% specific that a pt will not have a SCD event. The study that you wanted an opinion on was published in 2005 and should have already been factored into the stock price, probably right around the time it was sitting at .27. I really think that the research released tomorrow will be positive.

[Jim Smith]

I figured you would have a handle on this.

[Websman]

This drop in price today could be the buying opportunity I'm waiting for...

[jblaze71]

Jim,

I have just spoke with one of the cardiologists on staff and he has stated that MTWA has fallen somewhat out of favor with the masses of cardiologists. He did his fellowship at Duke and he stated that they do not believe in the predictive value of the test. He did admit that there are some groups of cardiologists who swear on the bible with this test. Granted the cardiologist I spoke with is not an electrophysiologist but is very bright nonetheless. My point to the reply is that I still think with the literature is out there that the stock could probablydouble or triple but another Microsoft is doubtful.

Blaze

[Jim Smith]

right on Jblaze.....Also, I think HRT is going to make the equipment for CAMH thought CAMH won't admit it.....I think HRT is a good speculation here.

[Jim Smith]

Looks like a bout of buy the rumor and sell the news

[jblaze71]

Jim,

Thinking of asking you the same question. I figure that most investors figured they would get a run up to the announcement because of the numerous effective studies previously and then be able to dump their shares after making a nice profit. The support line should be about $3. I still think this is a 1-2 year story. Nothing responds quickly in medicine and for CAMH to record increasing quarterly profit will probably be 1 year. I think you were right on at about $10 in probably 18-24 months. Just a thought.

[Jim Smith]

I think CAMH will get help in the marketing dept by MDT and STJ....Both of these companies are anxious to revive their ICD sales....I think this thing could ramp fairly quickly. $400 per test, that's good incentive for a cardiologist. How many salesman does MDT and STJ have? They're going to be pounding the pavement for CAMH starting right now. Free marketing, gotta love it.

I heard the CAMH's CEO said 1.2 million tests per year for the domestic market....that's $84M profit after cost of sales in sensor sales alone. It probably works out to $1 per share. Then, machine sales should be ramping to help out too. Peak earnings on 60 millon shares? Maybe $2.....Market PE of 17 gets you to $35 give or take?

[jblaze71]

Jim,

I do hope you are right because if this thing dips tomorrow I will double down to 4000 shares. I do think MED and STJ will help. The problem is you have no idea how annoying drug reps are now that they can't give out anything free except pens. HaHa. But in all seriousness, I still think it is a 1-2 year story. Even drugs that have no competition still usually take about 1 year to ramp sales, although after that it could ramp up rather quickly.

[Jim Smith]

here's a pullback

[New-born baby]

here's a pullback

Just holding my own. I think this is about the bottom, though.

[Jim Smith]

jblaze could be right....This might be a 2 year hold to collect the big pay day....but, I like this story.

[Websman]

Getting closer to my 2.65 entry point...

[Jim Smith]

I rather not see $2.65 but can't rule it out......I will say this though, tech is mostly garbage, along with Cramer. How can you invest in something caught up in a deflationary spiral? To me, there's only one real winner and that's the broker/dealers.....This is all one big casino and I believe in betting on the casino operators..

[Websman]

I rather not see $2.65 but can't rule it out......I will say this though, tech is mostly garbage, along with Cramer. How can you invest in something caught up in a deflationary spiral? To me, there's only one real winner and that's the broker/dealers.....This is all one big casino and I believe in betting on the casino operators..

Even if CAMH does go to 2.65, I'm still very bullish long term. I would consider 2.65 as a huge bargain to be taken advantage of.

[Lyehopper]

Even if CAMH does go to 2.65, I'm still very bullish long term. I would consider 2.65 as a huge bargain to be taken advantage of.
61.8% retracement is @ $2.45.... That's my target Webs.

[Websman]

61.8% retracement is @ $2.45.... That's my target Webs.

It came close today. Isn't the VTP great!

[Lyehopper]

It came close today. Isn't the VTP great!
The VTP holds superiority over every trading system known to man....http://www.mrmarketishuge.com/images/icons/icon14.gif btw that NUTS-Website is fantastic Webs! (New Ultra Top Secret)

[Websman]

The VTP holds superiority over every trading system known to man....http://www.mrmarketishuge.com/images/icons/icon14.gif btw that NUTS-Website is fantastic Webs! (New Ultra Top Secret)

Thanks! My tech put a lot of hours in on it, but I think the effort will pay off.

[IIC]

CAMH is mentioned in this Barron's article...I BOLDED the section where it is mentioned...Doug(IIC)



Looking for a Pulse

THANKS TO REASSURING SAFETY STUDIES, the chances for recovery have improved for shares of cardiac-device makers.

Device sales had slowed after a two-year stretch of manufacturing recalls hurt demand for implantable defibrillators. Shares of Medtronic (http://online.barrons.com/quotes/main.html?type=djn&symbol=mdt) (ticker: MDT), St. Jude Medical (http://online.barrons.com/quotes/main.html?type=djn&symbol=STJ) (STJ) and Boston Scientific (http://online.barrons.com/quotes/main.html?type=djn&symbol=bsx) (BSX) are down 15%, 29% and 33%, respectively, since last December.

Studies had also raised concerns about new risks from drug-eluting stents, those tiny mesh tubes put into narrowed heart arteries to prevent reclogging.

Now, with the stocks trading at historically low multiples of about 20 times next year's profits, a fair number of professional health-care investors are looking at quarterly reports for any sign of a demand uptick.

Monday, Minneapolis-based Medtronic reports results for its second fiscal quarter, ended in October. Sanford Bernstein analyst Bruce Nudell suspects that if Medtronic's sales of defibrillators, also known as ICDs, show any strength, a thrill would run through its shares and those of its rivals. "People are not concerned with the long term," says Nudell of his conversations with the buy side. "So, if it's a positive quarter, these stocks should go up."

Although Nudell thinks the three stocks should merely perform in line with the overall market, he understands why ICDs seem as if they've got room to grow. About 700,000 people in the U.S. who have never had a heart attack are nonetheless at some risk of suffering life-threatening heart arrhythmias, according to medical standards recognized by the Medicare program and private insurers. But only some 120,000 a year have been getting preventive implants of ICDs -- $25,000 devices whose batteries automatically jolt a heart back into a safe rhythm.

Recent encouraging news includes a study reported at last week's American Heart Association meeting in Chicago. It looked at the accuracy of a test that determines whether a patient needs an ICD. The "T-Wave Alternans" test requires placing a few sensors on a person's chest and has been promoted by tiny over-the-counter-traded Cambridge Heart (CAMH), as a less-invasive alternative to the traditional test, which involved threading a line inside a person's heart.


The study results suggest that the Cambridge measures may be better for finding new candidates for ICD implantation, than for ruling out implantation. So doctors may use the Cambridge test to justify additional defibrillator implants. Cambridge Heart and St. Jude sponsored the study.

Last month, two other encouraging studies considered certain risks in using drug-eluting stents, which lost some popularity after doctors worried that they caused a slight increase in heart-attack-inducing blood clots, unlike bare-metal stents.

But in studies sponsored by market leaders Boston Scientific and Johnson & Johnson (http://online.barrons.com/quotes/main.html?type=djn&symbol=jnj) (JNJ), researchers found no increased long-term risk of heart attack among recipients.

While the drug-coated devices were associated with slightly more blood clots, that was more than offset by the reduced danger of artery reclogging. Nudell says that investors' attention will be riveted on a Dec. 7 meeting of experts convened by the Food & Drug Administration to discuss the clotting risks of heart stents: "It's going to be a zoo."

But if the FDA's advisers temper their discussion, in light of the recently-reported studies, investors may well conclude that the blood-clot worries won't hurt earnings at Boston Scientific or J&J (which announced a $1.3 billion deal Friday to buy stentmaker Conor MedSystems (http://online.barrons.com/quotes/main.html?type=djn&symbol=conr) (CONR).

The valuations of these device stocks reflect low-growth expectations. Any hint of faster sales gains -- in the low teens, say -- should spark investors to pay a little more for them.

JUST WHAT WE NEED, another wireless-transmission protocol. That's what I thought when a number of consumer-electronics manufacturers announced the formation of an organization to promote what they call WirelessHD, earlier this month. The technology is designed to transmit high-definition video across a room, without any entangling cables. What distinguishes Wireless HD from WiFi, WiMAX, WiMedia, Bluetooth, Ultrawideband and ZigBe is its ability to stream uncompressed high-def video. Other transmission technologies must throw away bits of every image to get a digitized movie down to a size that can be transmitted in a decent time. Any dropped bits in a compressed transmission can leave a big hole in your picture, so gadgets using Wireless HD could do without the expense of buffer memories.

A prime mover behind the technology is a Sunnyvale, Calif., startup called SiBEAM. The company has figured out how to send wireless signals at the amazing frequency of 60 billion cycles a second. What's more, SiBEAM can do it all on conventional silicon chips, thanks to technology it licensed from the University of California/Berkeley. SiBEAM's chief executive, John LeMoncheck, expects his chips to show up in products in 2008.

When I gaze into your future, I see you surrounded by the aura of a dozen different radio transmissions, from Bluetooth to WiMAX. Many of these technologies have been pioneered by small chip makers like Atheros Communications (http://online.barrons.com/quotes/main.html?type=djn&symbol=athr) (ATHR), SiRF (http://online.barrons.com/quotes/main.html?type=djn&symbol=SIRF) (SIRF) and London-listed CSR.

Some of these tough little companies have shoved aside larger competitors like Texas Instruments (http://online.barrons.com/quotes/main.html?type=djn&symbol=txn) (TXN). But the entry of Broadcom (http://online.barrons.com/quotes/main.html?type=djn&symbol=brcm) (BRCM) into CSR's market for Bluetooth radio chips has cut the British stock in half -- even though CSR claims the best-of-breed product. Investors seem ready to run at the first sign of vulnerability in these upstart chip makers. Complacency doesn't pay.

[Jim Smith]

nice volume.....really nice to see the stock sporting a $3 handle again.

[New-born baby]

nice volume.....really nice to see the stock sporting a $3 handle again.

Yes it is :D.

[Tatnic]

I rather not see $2.65 but can't rule it out......I will say this though, tech is mostly garbage, along with Cramer. How can you invest in something caught up in a deflationary spiral? To me, there's only one real winner and that's the broker/dealers.....This is all one big casino and I believe in betting on the casino operators..

Told you CAMH would retrace, but I thought you'd bail at a much higher price. Stock is still in an uptrend so day to day movements are not important.

Anyone get IIG when I twice-mentioned the squeeze happening a month or so ago? Boy what a squeeze that was. Stock is still technically in a strong upmove but its getting questionable.

At this point in time, I'd take tech over broker/dealers. But I'd take the exchanges over any of 'em right now. Man, what a bunch of rockets.

OK...one more pick that's moving, acts. Most people have never heard of that one but its moving nicely out of a decent base.

[New-born baby]

Told you CAMH would retrace, but I thought you'd bail at a much higher price. Stock is still in an uptrend so day to day movements are not important.

Anyone get IIG when I twice-mentioned the squeeze happening a month or so ago? Boy what a squeeze that was. Stock is still technically in a strong upmove but its getting questionable.

At this point in time, I'd take tech over broker/dealers. But I'd take the exchanges over any of 'em right now. Man, what a bunch of rockets.

OK...one more pick that's moving, acts. Most people have never heard of that one but its moving nicely out of a decent base.


Beautiful call on IIG. I took $1 of it. Thanks!

[Jim Smith]

I am looking for a serious ramp in orders for the MTWA testing equipment over the next two quarters.....CAMH is a buy right here, IMO.....

[Jim Smith]

Only my wife gets to say I told you so.....That's written in very tiny print on the bottom of the marriage license.

[Jim Smith]

I believe strongly that this stock will see its all time highs of $15.50 and I don't believe it's going to take a long time....

[Tatnic]

YOu know why jim...I've known you for years now and I'm not about to take your word on anything alone, but since Blaze mentioned it and he's a professional and he likes its prospects, I bought a little. I would never mortgage the house on something you recommmend because you have on many occasions been wildly bullish and then wildly wrong. This may not be one of them but I don't care one way or the other because I'm not betting the house. Its more of a position just in case you're both right...and I do believe that blaze is probably more realistic on his time frame and that your's is just another one of your wild predictions. YOu know why they call it bullish don't you? Because when you're bullish all you can see is that red cape being waved in front of you, and never the sword.

Hey Jimmie...how's your life change going? It would have been cheaper for you to just take the hormones and get the sex change. Unless of course you were totally bs'ing about your "life changing" postion, which is probably more to the truth. As I warned everyone here, take what jimmie says with a truckload of salt.

[Websman]

Uh oh...CAMH doesn't look very well. what happened Jim?

Glad I didn't buy any...jejeje

[stenzrob]

"It's just a flesh wound"

[IIC]

Personally I don't think it is very nice to give someone a hard time when they blow a call...Don't we all screw up once in a while?

But, I assume that the reason is that Jim tends to present things like he is 100% right and whoever disagrees with him is either nuts or an idiot.

Jim...it is all in presentation...I believe that you believed in this stock but you came off like an arrogant know it all...That's my take anyway...IIC

[New-born baby]

Hey Jimmie...how's your life change going? It would have been cheaper for you to just take the hormones and get the sex change. Unless of course you were totally bs'ing about your "life changing" postion, which is probably more to the truth. As I warned everyone here, take what jimmie says with a truckload of salt.

Tatnic,
You are pretty tough on this man. Yes, he was wrong bigtime. But how about just a little kindness while you point out his mistakes?

[Websman]

Tatnic,
You are pretty tough on this man. Yes, he was wrong bigtime. But how about just a little kindness while you point out his mistakes?


Yea...but it felt soooo good. :)

[Tatnic]

Yea...but it felt soooo good. :)

Geezzz... I thought I was being kind? Jimmie, did I hurt your feelings? If I helped just one person here to be very careful in following the Big Bluffer blindly into any trade, then I feel like I've accomplished something. Jim has more train wrecks than moon shots.

Like I said before, Jim and I go way back to the AOL days (mid 90's) when we posted with Dave Steckler on what was one of the greatest trading boards ever. Ernie used to come in there and get in the way but mostly he just lurked. We all liked Ernie though, he had a sense of humor.

[Tatnic]

Geezzz... I thought I was being kind? Jimmie, did I hurt your feelings? If I helped just one person here to be very careful in following the Big Bluffer blindly into any trade, then I feel like I've accomplished something. Jim has more train wrecks than moon shots.

Like I said before, Jim and I go way back to the AOL days (mid 90's) when we posted with Dave Steckler on what was one of the greatest trading boards ever. Ernie used to come in there and get in the way but mostly he just lurked. We all liked Ernie though, he had a sense of humor.

speaking of moon shots...anyone else in LEH? I mentioned this one a few weeks ago as one to put on your alert screen. It has the potential IF the market holds up for more than a few weeks (emphasis on IF). But that is one beauty breakout going on...its got the volume and the new all time high coming out of a pretty long base. You don't often see these rare breakout patterns. Again, the market is awfully long in the tooth but stops below the breakout level are not that far away.

[jblaze71]

NIce recoverery for the last 2 days. Will be interesting if it approaches resistance of 3.71 if it will pop.

[Jim Smith]

long again at $3.20

[Websman]

long again at $3.20

2.81 looks like a good entry point.

[Lyehopper]

2.81 looks like a good entry point.

LOL!..............................

[Jim Smith]

It's fine posts like yours that are helping to kill this site.

[Websman]

It's fine posts like yours that are helping to kill this site.

So true... If it weren't for expert posters such as myself, this site would be worthless.

[Jim Smith]

long term hold

[Websman]

long term hold


The VTP approves of long term holds.

[jiesen]

Looks like Jim might have been onto something after all...

http://finance.yahoo.com/q/bc?s=CAMH.OB&t=1y&l=on&z=m&q=l&c=

[Websman]

Hmmm...not bad Jim.

[Jim Smith]

IMO, there's an opportunity in CAMH....I believe the shares will be trading between $5 and $6 mid summer, then $8 by Thanksgiving....

[riverbabe]

CAMH Cambridge Heart downgraded to Market Perform from Outperform at Boenning and Scattergood-following Q3 results that were well short of their estimate.

[Websman]

CAMH Cambridge Heart downgraded to Market Perform from Outperform at Boenning and Scattergood-following Q3 results that were well short of their estimate.

Jimmy? Is it time to sell???

[Websman]

IMO, there's an opportunity in CAMH....I believe the shares will be trading between $5 and $6 mid summer, then $8 by Thanksgiving....

or not...... :cramersmiley:

[IIC]

I imagine Jim lost quite a bit on CAMH...I don't feel good about that or anything...But Jim: If you are still there let me offer some constructive criticism...We are all wrong sometimes...And believe me, I've made my share of horrible trades...But you seem to be a Fair Weather Guy...When you are doing well we see you around...When you aren't (I assume) we don't see you for ages.

Perhaps I'm wrong and you tired of the forum...But if I'm right I suggest you get over the bad ones as quickly as possible and get on to the next thing.

[New-born baby]

CAMH Cambridge Heart downgraded to Market Perform from Outperform at Boenning and Scattergood-following Q3 results that were well short of their estimate.

Market perform . . .hmmmmm . . . that ain't performing at all. A sell would have been much better, esp. in this nasty market.

[Websman]

...We are all wrong sometimes....

Yup...I was bad wrong about GOFH and got spanked by it.