Re: [CANSLIM] COCO


From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] COCO
Date: Fri, 20 Sep 2002 22:20:06 -0400

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Mike, to me it just looks like a LLUR that is basing out for a few weeks,
considering the poor market and overall bearish trends, just to hold price
is encouraging.

Four weeks ago it averaged for the week nearly twice ADV. Three weeks ago it
averaged ADV. Past two weeks, it did well under ADV and held price. All I
take from that is sellers are drying up. Of course, till the buyers have a
reason to return in volume, it's also not likely to move higher.

- ----- Original Message -----
From: <michael_niemotka@baxter.com>
To: <canslim@lists.xmission.com>
Sent: Friday, September 20, 2002 3:07 PM
Subject: [CANSLIM] COCO


Looking at a weekly chart, over the last few weeks it looks like the price
/volume action is wedging.  Does this mean that it could be a shorting
candidate?





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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