RE: [CANSLIM] VIBC

From: "Fred Richards" <adrich@gte.net>
Subject: RE: [CANSLIM] VIBC
Date: Wed, 10 Jul 2002 13:42:18 -0500

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Mike

Avg vol is 44,000. For me that's is on the low side.

More importantly, it is just one of many small banks and/or bank holding
companies that have come to the front during the past two weeks.

Most are in niche markets where the opportunity for substantial growth is
somewhat limited.
Hence, based upon their current maximization of interest spreads, these
banks are performing well.
But when interest rates change and the spread narrows, the picture can get
ugly in a hurry.

Nevertheless, you might get a few points or so out of a trade.  A 50% rise
from here is doubtful.

Look at the bookvalue.  Most banks rarely trade above 2.2 times and most
often much lower.

Other than that looks like a cup and handle.

But what about the rest of CANSLIM?



- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of
michael_niemotka@baxter.com
Sent: Wednesday, July 10, 2002 1:32 PM
To: canslim@lists.xmission.com
Subject: [CANSLIM] VIBC


All,

Saw this in IBD stocks in the news today. Is the daily chart showing a very
nice cwh and a forming handle? It gets an A+ rating....

Thoughts?


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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