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

From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] MIK BO? Academic discussion considering M
Date: Wed, 4 Sep 2002 10:23:49 -0400

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Kelly, I see the b/o from the handle as on 8/29. The pattern presently =
appearing to forming I see as a consolidation above the handle. The cup =
formation is a little steeper than I prefer, but I see no major flaws =
with it at a quick glance. There does not appear to be a capitulation =
selloff at the bottom of the cup, but that seems to be pretty common =
lately. The rally on 7/29 likewise was not convincing on volume.

If the current price dropped back to the handle (approx 41.50) then the =
b/o would appear to be failing.

- ----- Original Message -----=20
From: Kelly Short=20
To: canslim@lists.xmission.com=20
Sent: Wednesday, September 04, 2002 10:12 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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<DIV><FONT face=3DArial>Kelly, I see the b/o from the handle as on 8/29. =
The=20
pattern presently appearing to forming I see as a consolidation above =
the=20
handle. The cup formation is a little steeper than I prefer, but I see =
no major=20
flaws with it at a quick glance. There does not appear to be a =
capitulation=20
selloff at the bottom of the cup, but that seems to be pretty common =
lately. The=20
rally on 7/29 likewise was not convincing on volume.</FONT></DIV>
<DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial>If the current price dropped back to the handle =
(approx=20
41.50) then the b/o would appear to be failing.</FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV style=3D"FONT: 10pt arial">----- Original Message -----=20
<DIV style=3D"BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> <A=20
title=3Dkelly.short@fw.us.neoris.com=20
href=3D"mailto:kelly.short@fw.us.neoris.com">Kelly Short</A> </DIV>
<DIV><B>To:</B> <A title=3Dcanslim@lists.xmission.com=20
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
 </DIV>
<DIV><B>Sent:</B> Wednesday, September 04, 2002 10:12 AM</DIV>
<DIV><B>Subject:</B> [CANSLIM] MIK BO? Academic discussion considering=20
M</DIV></DIV>
<DIV><BR></DIV>
<DIV><SPAN class=3D259440614-04092002><FONT face=3DArial color=3D#0000ff =
size=3D2>Has=20
MIK created&nbsp;a CwH formation (6/10 - 8/29) hitting its pivot point =
on 8/29=20
and now retreating to make a handle? EPS and Revenue growth have been =
strong for=20
the past three qtrs (all though last qtr's EPS was down by $0.01). =
Volume looks=20
suspiciously high&nbsp;though both in the bottom of the cup and now in =
the=20
handle. Since M has heartburn right now I wouldn't imagine trading in it =
(given=20
my level of expertise). Thoughts?</FONT></SPAN></DIV>
<DIV><SPAN class=3D259440614-04092002><FONT face=3DArial color=3D#0000ff =

size=3D2></FONT></SPAN>&nbsp;</DIV>
<DIV><SPAN class=3D259440614-04092002><FONT face=3DArial color=3D#0000ff =

size=3D2>Kelly</FONT></SPAN></DIV></BODY></HTML>

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