Re: [CANSLIM] CECO and COCO

From: Sol Mayer <smaye1211@yahoo.com>
Subject: Re: [CANSLIM] CECO and COCO
Date: Tue, 22 Oct 2002 07:24:28 -0700 (PDT)
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What does IRF stand for ?   Personally I also sell when it gaps down but I usually find the stock rebounds ala MCO 
 Katherine Malm <kmalm@earthlink.net> wrote: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.JPGhttp://WallStreet-LLC.com/canslim/COCO102102.JPG Katherine----- Original Message ----- From: michael_niemotka@baxter.com To: canslim@lists.xmission.com Sent: Tuesday, October 22, 2002 8:46 AMSubject: [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



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<P>What does IRF stand for&nbsp;?&nbsp;&nbsp; Personally I also sell when it gaps down but I usually find the stock rebounds ala MCO 
<P>&nbsp;<B><I>Katherine Malm &lt;kmalm@earthlink.net&gt;</I></B> wrote:
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<META content="MSHTML 6.00.2719.2200" name=GENERATOR>
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<DIV>Hi Mike,</DIV>
<DIV>&nbsp;</DIV>
<DIV>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.</DIV>
<DIV>&nbsp;</DIV>
<DIV>See marked charts on CECO and COCO at:</DIV>
<DIV><A href="http://wallstreet-llc.com/canslim/CECO102102.JPG">http://WallStreet-LLC.com/canslim/CECO102102.JPG</A></DIV>
<DIV><A href="http://wallstreet-llc.com/canslim/COCO102102.JPG">http://WallStreet-LLC.com/canslim/COCO102102.JPG</A></DIV>
<DIV>&nbsp;</DIV>
<DIV>Katherine</DIV>
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<DIV style="FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B> <A title=michael_niemotka@baxter.com href="mailto:michael_niemotka@baxter.com">michael_niemotka@baxter.com</A> </DIV>
<DIV style="FONT: 10pt arial"><B>To:</B> <A title=canslim@lists.xmission.com href="mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A> </DIV>
<DIV style="FONT: 10pt arial"><B>Sent:</B> Tuesday, October 22, 2002 8:46 AM</DIV>
<DIV style="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 these stocks that have<BR>broken out, and stayed above the pivot, but now have crashed hard?&nbsp; Only<BR>thing I can find is that a number of places downgraded CECO even though<BR>they announced that they beat there numbers for the 3rd quarter.&nbsp; Was there<BR>anything in the charts that would suggest this happening?<BR><BR>It is this type of swing that makes me sometimes want to just stuff the<BR>mattress rather than investing in stocks......<BR><BR>Mike Niemotka , PE<BR>Sr. Principal Engineer<BR>Baxter Healthcare Corporation<BR>Route 120 &amp; Wilson Road<BR>Round Lake, IL 60073<BR>Tel (847) 270-4075<BR>Fax (847) 270-4525<BR><A href="mailto:michael_niemotka@baxter.com">michael_niemotka@baxter.com</A><BR><BR><BR><BR>-<BR>-To subscribe/unsubscribe, email "<A href="mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>-In the email body, write "subscribe canslim" or<BR>-"unsubscribe canslim".&nbsp; Do not use quotes in your email.<BR></BLOCKQUOTE></BLOCKQUOTE><p><br><hr size=1>Do you Yahoo!?<br>
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