Re: [CANSLIM] MIK BO? Academic discussion considering M

From: michael_niemotka@baxter.com
Subject: Re: [CANSLIM] MIK BO? Academic discussion considering M
Date: Wed, 4 Sep 2002 10:27:26 -0500

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Katherine,

Can you define the "wedging" action you note?  Does it mean price increase
with a corresponding volume decrease over a number of days?

Thanks


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"                                                                                        
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                    09/04/2002 09:40 AM                                                                                     
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Hi Kelly,

I've marked a chart with my interpretation of MIK's chart. See it at:

http://WallStreet-LLC.com/canslim/MIK090402.jpg

Katherine
 ----- Original Message -----
 From: Kelly Short
 To: canslim@lists.xmission.com
 Sent: Wednesday, September 04, 2002 9:12 AM
 Subject: [CANSLIM] MIK BO? Academic discussion considering M

 Has MIK created a CwH formation (6/10 - 8/29) hitting its pivot point on
 8/29 and now retreating to make a handle? EPS and Revenue growth have been
 strong for the past three qtrs (all though last qtr's EPS was down by
 $0.01). Volume looks suspiciously high though both in the bottom of the
 cup and now in the handle. Since M has heartburn right now I wouldn't
 imagine trading in it (given my level of expertise). Thoughts?

 Kelly





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