Re: [CANSLIM] CECO and COCO

From: michael_niemotka@baxter.com
Subject: Re: [CANSLIM] CECO and COCO
Date: Tue, 22 Oct 2002 09:58:58 -0500

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Katherine,

Thanks for the charts.  On the days that you showed the gaps down, I think
it was in response to DeVry announcing that they has missed their earning,
and it seemed like the whole sector dropped in sympathy (Damn I hate when
that stuff happens!) , and I remember having that same "What the @$#%@^#$?"
feeling as I saw CECO and COCO drop.

Other than that, do you see any other price volume action that shows
warning signs?

At this point, do you start counting bases again and be out of the stocks
until another breakout occurs?

And for what it's worht, I did sell a portion of my COCO last week when it
was up 15% , so at least I got a little profit out.

Thanks

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


                                                                                                                            
                    "Katherine Malm"                                                                                        
                    <kmalm@earthlink.net>         To:     canslim@lists.xmission.com                                        
                    Sent by:                      cc:                                                                       
                    owner-canslim@lists.xm        Subject:     Re: [CANSLIM] CECO and COCO                                  
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                    10/22/2002 09:19 AM                                                                                     
                    Please respond to                                                                                       
                    canslim                                                                                                 
                                                                                                                            
                                                                                                                            




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 -----
 From: michael_niemotka@baxter.com
 To: canslim@lists.xmission.com
 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



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