RE: [CANSLIM] CECO and COCO

From: Karen White <karenwhite7@charter.net>
Subject: RE: [CANSLIM] CECO and COCO
Date: Tue, 22 Oct 2002 09:07:38 -0700

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Top of Thread: RE: [CANSLIM] CECO and COCO Ed McDonough
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I heard Joe Kernan mention the gap down on CECo and coco this am.. one had 
bad news and other went in sympathy... think it was ceco with the bad 
news.. However I was still asleep and forgot what the news is.. sorry.. 
west coast here...

At 08:41 AM 10/22/2002 -0600, you wrote:
>Another thing is that whenever a bunch of the momo stocks gap I tighten my 
>stop on anything else I do have because they usually move before the rest 
>of the market.  This is one concept that worked great in the bull market 
>and actually still works pretty good now.
>
>David Taggart
>-----Original Message-----
>From: owner-canslim@lists.xmission.com 
>[mailto:owner-canslim@lists.xmission.com]On Behalf Of David Taggart
>Sent: Tuesday, October 22, 2002 8:38 AM
>To: canslim@lists.xmission.com
>Subject: RE: [CANSLIM] CECO and COCO
>
>I never sell when it gaps.  When LU gapped against me in July 2000 I just 
>kept it I should be in the money by 2050.
>
>I am entirely joking I have never owned LU and I always sell at gaps.  If 
>it breaks its 10 min low the morning after I am out.  I might re enter for 
>a day trade if it looks like it will fill in the gap but as far as my 
>position trades I am out if it gaps.  Far too often (like just about 
>always) it is just the beginning of things to come.
>
>David Taggart
>-----Original Message-----
>From: owner-canslim@lists.xmission.com 
>[mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm
>Sent: Tuesday, October 22, 2002 8:20 AM
>To: canslim@lists.xmission.com
>Subject: Re: [CANSLIM] CECO and COCO
>
>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/CECO102102.JPG 
>
>http://WallStreet-LLC.com/canslim/COCO102102.JPG
>
>Katherine
>----- Original Message -----
>From: <mailto:michael_niemotka@baxter.com>michael_niemotka@baxter.com
>To: <mailto:canslim@lists.xmission.com>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
><mailto:michael_niemotka@baxter.com>michael_niemotka@baxter.com
>
>
>
>
>
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