Go to Jeff Salisbury LWGate Home Page.From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] APPX
Date: Wed, 6 Nov 2002 23:14:29 -0500
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Mike, to me the chart is not very clear, but one feature that really stands out is the consistency of volume action during the past 4 weeks. Each day, up or down, volume has been well over average. Compare that to how inconsistently it has traded since going public @ 16 last December. Looks to me like it picked up a sponsor or two a month ago. However, it has also dropped from 61 mutual funds owning it to 51 funds in the past 10 months. It certainly looks like heavy accumulation during October. The funds ownership report at the end of Q4 may answer this issue. - ----- Original Message ----- From: <michael_niemotka@baxter.com> To: <canslim@lists.xmission.com> Sent: Wednesday, November 06, 2002 10:42 AM Subject: [CANSLIM] APPX This stock just jumped 10%. Fundies look strong, but wondering on everyone's interpretation of the chart. From the weekly chart, it looks like the stock is now breaking out of a cup with no handle, PP=$22.10, but if you look at a daily chart, if looks like maybe cwh, with around the same pivot point, but the volume action in the handle is all wrong, all above average, rather than drying up. Any help would be appreciated. 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 - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
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