RE: [CANSLIM] CECO and COCO

From: Ed McDonough <Ed.McDonough@RaymondJames.com>
Subject: RE: [CANSLIM] CECO and COCO
Date: Tue, 22 Oct 2002 09:54:33 -0400

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Tuesday October 22, 2002

Career Education downgraded by Barrington Research, CSFB, Legg Mason and
USB Piper Jaffray
9:26 am - Briefing.com 
InPlay: Career Education cut to Outperform at Piper Jaffray on valuation
8:04 am - Briefing.com 
Career Education Corporation Third Quarter 2002 Earnings Call scheduled
for 10:30 am ET today
7:34 am - Shareholder.com

The old "Buy the Rumor, Sell the News". Charts don't account for news
events. Could also be any number of large traders/institutions/market
makers (maybe even the very ones that issued the downgrades) that
specifically target and short Canslim breakouts. Never forget the
individual investor is never playing on an even playing field.

Ed

- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of
michael_niemotka@baxter.com
Sent: Tuesday, October 22, 2002 9:46 AM
To: canslim@lists.xmission.com
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



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