Re: [CANSLIM] AZO

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"                                                                                          
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                    owner-canslim@lists.xm        Subject:     Re: [CANSLIM] AZO                                            
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                    10/23/2002 11:58 AM                                                                                     
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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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