Go to Jeff Salisbury LWGate Home Page.From: michael_niemotka@baxter.com
Subject: Re: [CANSLIM] MIK
Date: Mon, 3 Jun 2002 08:07:14 -0500
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Thanks to everyone for weighin in on MIK...I too think it is a good long
term hold...Just bracing myself for some profit takers on Monday!
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
"Tom Worley"
<stkguru@bellsouth.net To: canslim@lists.xmission.com
> cc:
Sent by: Subject: Re: [CANSLIM] MIK
owner-canslim@lists.xm
ission.com
05/31/2002 09:37 PM
Please respond to
canslim
Mike,
with the advantage of commentary post market close (a la IBD style), I note
it closed on nearly 3.5X ADV, up 12% for the day, only 20 cents off the
high
of the day, and at another all time high. These are all very positive
indicators for me, even if it should correct moderately on Monday. Both
trailing and projected PE ratios are well under S&P 500 average, and its
growth rate far greater in comparison. I also note that earnings are
growing
at a rate well above sales growth.
As already mentioned, funds hold a lot of shares, and management only owns
8%. I would watch volume carefully for any evidence of a short term
correction / consolidation, but see little evidence, barring unexpected bad
news, to expect it is topping out.
- ----- Original Message -----
From: <michael_niemotka@baxter.com>
To: <canslim@lists.xmission.com>
Sent: Friday, May 31, 2002 11:29 AM
Subject: [CANSLIM] MIK
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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