Go to Jeff Salisbury LWGate Home Page.From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Re: [CANSLIM] CECO and COCO
Date: Tue, 22 Oct 2002 09:19:55 -0500
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This is a multi-part message in MIME format. - ------=_NextPart_000_0048_01C279AC.2F6DDC60 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Mike, I never like a chart with an inexplicable gap down, even if action just = after the gap looks as though the stock is recovering. I call it the = "IRF Sell Rule." At one time I had a decent gain in IRF and the stock = was bucking an otherwise iffy market. One day it just gapped down. No = news, no downgrades, nothing. It recovered a bit the next day and I = sold. Sure enough about a week later it took a big plunge on earnings = disappointment and a lousy market backdrop. Whew....managed to lock in = the gains *and* avoided a big loss. See marked charts on CECO and COCO at: http://WallStreet-LLC.com/canslim/CECO102102.JPG http://WallStreet-LLC.com/canslim/COCO102102.JPG Katherine ----- Original Message -----=20 From: michael_niemotka@baxter.com=20 To: canslim@lists.xmission.com=20 Sent: Tuesday, October 22, 2002 8:46 AM Subject: [CANSLIM] CECO and COCO Yikes! Can someone please explain what is happening to these stocks that have broken out, and stayed above the pivot, but now have crashed hard? = Only thing I can find is that a number of places downgraded CECO even = though they announced that they beat there numbers for the 3rd quarter. Was = there anything in the charts that would suggest this happening? It is this type of swing that makes me sometimes want to just stuff = the mattress rather than investing in stocks...... 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 - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - ------=_NextPart_000_0048_01C279AC.2F6DDC60 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable <!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD> <META http-equiv=3DContent-Type content=3D"text/html; = charset=3Diso-8859-1"> <META content=3D"MSHTML 6.00.2719.2200" name=3DGENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=3D#ffffff> <DIV>Hi Mike,</DIV> <DIV> </DIV> <DIV>I never like a chart with an inexplicable gap down, even if action = just=20 after the gap looks as though the stock is recovering. I call it the = "IRF Sell=20 Rule." At one time I had a decent gain in IRF and the stock was bucking = an=20 otherwise iffy market. One day it just gapped down. No news, no = downgrades,=20 nothing. It recovered a bit the next day and I sold. Sure enough about a = week=20 later it took a big plunge on earnings disappointment and a lousy market = backdrop. Whew....managed to lock in the gains *and* avoided a big = loss.</DIV> <DIV> </DIV> <DIV>See marked charts on CECO and COCO at:</DIV> <DIV><A=20 href=3D"http://WallStreet-LLC.com/canslim/CECO102102.JPG">http://WallStre= et-LLC.com/canslim/CECO102102.JPG</A></DIV> <DIV><A=20 href=3D"http://WallStreet-LLC.com/canslim/COCO102102.JPG">http://WallStre= et-LLC.com/canslim/COCO102102.JPG</A></DIV> <DIV> </DIV> <DIV>Katherine</DIV> <BLOCKQUOTE=20 style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; = BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px"> <DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV> <DIV=20 style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: = black"><B>From:</B>=20 <A title=3Dmichael_niemotka@baxter.com=20 = href=3D"mailto:michael_niemotka@baxter.com">michael_niemotka@baxter.com</= A>=20 </DIV> <DIV style=3D"FONT: 10pt arial"><B>To:</B> <A = title=3Dcanslim@lists.xmission.com=20 = href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>= </DIV> <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Tuesday, October 22, 2002 = 8:46=20 AM</DIV> <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] CECO and = COCO</DIV> <DIV><BR></DIV>Yikes!<BR><BR>Can someone please explain what is = happening to=20 these stocks that have<BR>broken out, and stayed above the pivot, but = now have=20 crashed hard? Only<BR>thing I can find is that a number of = places=20 downgraded CECO even though<BR>they announced that they beat there = numbers for=20 the 3rd quarter. Was there<BR>anything in the charts that would = suggest=20 this happening?<BR><BR>It is this type of swing that makes me = sometimes want=20 to just stuff the<BR>mattress rather than investing in=20 stocks......<BR><BR>Mike Niemotka , PE<BR>Sr. Principal = Engineer<BR>Baxter=20 Healthcare Corporation<BR>Route 120 & Wilson Road<BR>Round Lake, = IL=20 60073<BR>Tel (847) 270-4075<BR>Fax (847) 270-4525<BR><A=20 = href=3D"mailto:michael_niemotka@baxter.com">michael_niemotka@baxter.com</= A><BR><BR><BR><BR>-<BR>-To=20 subscribe/unsubscribe, email "<A=20 = href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>-In= the=20 email body, write "subscribe canslim" or<BR>-"unsubscribe = canslim". Do=20 not use quotes in your email.<BR></BLOCKQUOTE></BODY></HTML> - ------=_NextPart_000_0048_01C279AC.2F6DDC60-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
Next Article (by Author): Re: [CANSLIM] CECO and COCO Sol Mayer
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