RE: [CANSLIM] CECO and COCO

From: Ed McDonough <Ed.McDonough@RaymondJames.com>
Subject: RE: [CANSLIM] CECO and COCO
Date: Tue, 22 Oct 2002 10:32:43 -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 Tom Worley
Sent: Tuesday, October 22, 2002 9:56 AM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] CECO and COCO

Mike, I see nothing else other than the usual "sell on news" combined
with
the downgrades

- ----- Original Message -----
From: <michael_niemotka@baxter.com>
To: <canslim@lists.xmission.com>
Sent: Tuesday, October 22, 2002 9:46 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



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