Re: [CANSLIM] HTRN

From: michael_niemotka@baxter.com
Subject: Re: [CANSLIM] HTRN
Date: Thu, 25 Jul 2002 07:38:43 -0500
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Karen,

Thanks for the informative answer.  I am so glad I found this group to help
me in my education in CANSLIM. To clarify, when you talk about churning,
you mean that the volume is high, but the price is not changing much,
right?

Thanks again,

Mike

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


                                                                                                                            
                    "Katherine Malm"                                                                                        
                    <kmalm@earthlink.net>         To:     canslim@lists.xmission.com                                        
                    Sent by:                      cc:                                                                       
                    owner-canslim@lists.xm        Subject:     Re: [CANSLIM] HTRN                                           
                    ission.com                                                                                              
                                                                                                                            
                                                                                                                            
                    07/24/2002 05:15 PM                                                                                     
                    Please respond to                                                                                       
                    canslim                                                                                                 
                                                                                                                            
                                                                                                                            




Hi Mike,

It's hard to look at the drop in HTRN without crediting most of the
waterfall to "Mr. M"....when such a large number of stocks are failing
right and left, you have to know that the *risk* of an otherwise healthy
stock drafting down with the market is extraordinarily high.

That aside, I see a few things. First, look at the charts of direct
competitors. Thinly traded EDAP and MEDS and more widely traded PMSI. PMSI
in particular is telling: A huge tail, dropping the stock below the 50dMA
on 7/19. Those give a clue.

Second, look at the charts of other stocks in the same industry:
                       
 IGEN    I G E N Int'l 
                       
 KYPH    Kyphon Inc    
                       
 ISRG    Intuitive     
         Srgl          
                       
 LMNX    Luminex Corp  
                       
 MEDT    MedSource     
         Tech          
                       
 NBSC    New           
         BrunswkSci    
                       
 CMN     Cantel        
         Medical       
                       
 QMED    Q Med Inc     
                       
 REHB    Rehabilicare  
                       
 RITA    Rita Medical  
                       
 SONO    Sonosite Inc. 
                       
 THER    Therasense    
         Inc           
                       
 ULGX    Urologix Inc. 
                       
 VAR     Varian        
         Medical       
                       
 VAS     Viasys Hlthcr 
                       
 ZOLL    Zoll Medical  
                       


Patterns in these stocks will also give clues as to the health of the
remainder of stocks. Leaders are always the last to roll over in the group.

Third, look at the actual price/volume pattern of HTRN. Essentially
churning at the highs for 4 or 5 days in late June (beginning around 6/24).
That's a big warning sign. Later a convincing slice through the 50 day MA
and a tail to close at the low. Bad news. That slice cut through not only
the 50dMA, but also the lower upward trend line that had been forming since
last October.

Katherine
 ----- Original Message -----
 From: michael_niemotka@baxter.com
 To: canslim@lists.xmission.com
 Sent: Wednesday, July 24, 2002 4:32 PM
 Subject: [CANSLIM] HTRN

 Group.

 I know we have discussed this stock before, but as an exercise in chart
 reading, can anyone point to specific characteristics that would have
 prevented someone (yours truly) from getting caught in the sharp drop off?
 It seems to be hugging the 10 day MA for a while, then suddenly dropped of
 the table.

 Thanks

 Mike

 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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