Re: [CANSLIM] XRAY and CECO


From: michael_niemotka@baxter.com
Subject: Re: [CANSLIM] XRAY and CECO
Date: Tue, 13 Aug 2002 08:48:23 -0500

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Mike,

I think I see the same things you do. I own some COCO, which is
competition, but if they both rise I won't complain.

Again, a nice one to bring to the table for discussion


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


                                                                                                                            
                    "Mike Gibbons"                                                                                          
                    <mike@proactech.com>          To:     canslim@lists.xmission.com                                        
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                    08/12/2002 07:54 PM                                                                                     
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When I brought up XRAY last week, Winston observed that the longer term
pattern was more like an ascending base. To my surprize, the XRAY breakout
hasn't failed yet, although it hasn't been strong either, and may be in the
process of forming another handle.

I came across another stock today with similar chart characteristics to
XRAY - now in the handle of a Cwh formation with good CANSLIM
characteristics (
http://www.cwhcharts.com/canslim/fuzzy_canslim.php?symbol=CECO) except for
v. high institutional ownership - but the longer term pattern looks like an
ascending base.

The CwH pattern is not ideal with the cup too short and V-shaped, which I
attribute to the market behavior in July, but perhaps its on its way to
resuming the long term ascending base pattern.

Comments anyone?

Aloha,

Mike Gibbons
Proactive Technologies, LLC
http://www.proactech.com






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