Re: [CANSLIM] APPX

From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] APPX
Date: Wed, 6 Nov 2002 23:14:29 -0500

Next Article (by Date): Re: [CANSLIM] FCBP "Tom Worley"
Previous Article (by Date): Re: [CANSLIM] back in the bullish camp "Tom Worley"
Articles sorted by: [Date] [Author] [Subject]

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.

Next Article (by Date): Re: [CANSLIM] FCBP "Tom Worley"
Previous Article (by Date): Re: [CANSLIM] back in the bullish camp "Tom Worley"
Articles sorted by: [Date] [Author] [Subject]

Go to Jeff Salisbury LWGate Home Page.