Re: [CANSLIM] MIK

From: Harvey Brion <hbrion@ieee.org>
Subject: Re: [CANSLIM] MIK
Date: Fri, 31 May 2002 09:19:10 -0700

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Mike,  If you're a day trader, sell at the end of the day.  Otherwise, I'd set
a (mental) stop at $37.95 and hold on.  Hopefully near term market gyrations
will not take you out.

Fund ownership is real high at 45% and ROE is a little low at 13%.  If I were
trying to get into the stock now, I'd place a limit order at $39.88
(yesterday's high, bottom of gap) and wait for a (market driven) pullback.
Might not ever get executed but will help prevent getting whipsawed.  -Harvey

michael_niemotka@baxter.com wrote:

> Okay group,
>
> I have a position in MIK, and today, it is flying, up 12% at this point,
> which is giving me a 8% gain from my entry.  Do you think I should hang on
> to this one, or sell it at the end of the day at take a profit?
>
> Mike Niemotka , PE
> Sr. Principal Engineer
> Baxter Healthcare Corporation
> Route 120 & Wilson Road
> Round Lake, IL 60073
> Tel (847) 270-4075
> Fax (847) 270-4525
> michael_niemotka@baxter.com
>
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