Go to Jeff Salisbury LWGate Home Page.From: michael_niemotka@baxter.com
Subject: Re: [CANSLIM] AZO
Date: Thu, 24 Oct 2002 08:24:19 -0500
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Patrick,
Thanks for the advice. I was in AZO a while back, and made a little bit of
money, 5% if I remember, but even though it is going up again, I am
cautious.
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
"Patrick Wahl"
<pjwahl@attbi.com> To: canslim@lists.xmission.com
Sent by: cc:
owner-canslim@lists.xm Subject: Re: [CANSLIM] AZO
ission.com
10/23/2002 11:58 AM
Please respond to
canslim
I don't think this stock should be shorted. You do want to short a stock
after a move
up, but you want to have a few things going your way. Stock should be in a
downtrend, say under a downward sloping 50 day moving average for example,
and
the market shouldn't be so strong. Ok, we could argue about whether or not
this is a
bear market rally, but I don't think shorting stocks that are making new
highs is a
winning proposition (although its funny, when I buy stocks at new highs
they seem
to want to go down).
On 23 Oct 2002 at 11:42, michael_niemotka@baxter.com wrote:
> Is AZO showing signs of wedging? It seems like during this most recent
> breakout, and leading up to it, it has been gaining in price, but volume
is
> starting to get lower and lower.
>
> Would this be an opportunity to short AZO?
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