RE: [CANSLIM] MIK

From: "Scott Gettis" <sgettis@ucla.edu>
Subject: RE: [CANSLIM] MIK
Date: Fri, 7 Jun 2002 12:08:16 -0700
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In my opinion, with the recent distribution in the market i dont think its
is wise to be invested.  I own no stocks at the moment and am waiting for a
FTD.
If i do own stocks when i see heavy distrubution in the market i immediately
sell 1/2 of all the postions i have,
and then let the stocks technically decide when to take me out.

I actually owned azo on the breakout, sold half when at 82 when i saw 4
market distribution days in 2 weeks
and sold the rest when in went below its pivot.

MIK actually never formed what i would consider a base.  It did retest its
50dma and has broken out to new highs since then.
However, it seems to be making new highs on decreased vol which throws up a
yellow flag.

If i were you, Id sell half of each, and set up some protective stops.
Right now, whoever loses least win.

Scott


- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of
michael_niemotka@baxter.com
Sent: Friday, June 07, 2002 11:50 AM
To: canslim@lists.xmission.com
Subject: RE: [CANSLIM] MIK



Kelly,

I agree that the cwh was formed, but I have a pivot price of $80.10, and it
broke out on 5/23. Since that point, it has been fairly flat , on about
average trade. If I could, I might still hang onto it, but I wonder if it
is a stalled breakout, or maybe even a failed one. I am forced to sell off
some of my portfolio, so it really comes down to choosing between MIK and
AZO. IMHO, MIK has a better outlook.

I welcome everyone else's opinion.

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



                    "Kelly Short"
                    <kelly.short@neoris.co        To:
canslim@lists.xmission.com
                    m>                            cc:
                    Sent by:                      Subject:     RE: [CANSLIM]
MIK
                    owner-canslim@lists.xm
                    ission.com


                    06/07/2002 01:26 PM
                    Please respond to
                    canslim






Mike,

Before you liquidate AZO let me pose this question to you (and the rest of
the group): Is AZO forming a cwh (left side formed 12/5 with high of
$79.15, vol 9.419M (~5x ave.); breakout on 5/22 with close of $72.70, vol
4.415M (~2x ave)) Your answer may dictate how you proceed.

Kelly

- -----Original Message-----
From: michael_niemotka@baxter.com [mailto:michael_niemotka@baxter.com]
Sent: Friday, June 07, 2002 1:08 PM
To: Kelly Short
Subject: RE: [CANSLIM] MIK



Feeling REALLY good!

Because of some other financial commitments, I have to close out a position
today, and it is between my shares in MIK, which I am up 10% in, or my
shares of AZO, where I am just breaking even.

I have about equal $$$ in each, so I am leaning towards closing AZO, since
it has not really moved much in the two weeks I have owned it.

Hope everyone has a great weekend.


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



                    "Kelly Short"

                    <kelly.short@n        To:
michael_niemotka@baxter.com
                    eoris.com>            cc:

                                          Subject:     RE: [CANSLIM] MIK

                    06/07/2002

                    01:01 PM







How are you feeling about MIK today? DJIA down 48. MIK up $1.49.

- -----Original Message-----
From: michael_niemotka@baxter.com [mailto:michael_niemotka@baxter.com]
Sent: Monday, June 03, 2002 8:07 AM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] MIK



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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