Re: [CANSLIM] DISH

From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] DISH
Date: Wed, 8 Jan 2003 00:35:55 -0500

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Hi Mike,

The current leg of the recovery seems directly tied to the FCC blocking
their merger with Hughes Elec. I don't know the company, but obviously the
market likes that govt intervention.

I would be concerned by the several years of overhead resistance. Sales
certainly are growing steadily, but earnings remain erratic and
unpredictable. They are still losing money, so watch the burn rate on cash.
Last several quarters (all preceding the FCC action), the funds were falling
in numbers, watch what happened during the Q4. Check some sites for other
institutional activity on them.

Looking at the weekly chart however, it still looks to me like the long term
trend is down. The short term would need some more time before I would be
convinced this has changed.

Now (sigh!!), off to look at Katherine's chart and see what I missed
(besides the c&h you mention but I don't see). (I see the cup, but no
handle)

- ----- Original Message -----
From: <michael_niemotka@baxter.com>
To: <canslim@lists.xmission.com>
Sent: Tuesday, January 07, 2003 10:06 AM
Subject: [CANSLIM] DISH


Hi all,


Hope everyone had a great holiday season.

I spotted DISH the other day, and was wondering what everyone thought about
the chart.  It looks like a cwh, but the handle formed below the mid-point
of the base, which I thought was a no-no.  It appears to have ramped out of
the handle, rather than break out cleanly with a large volume day.

Any thoughts

Thanks

Mike

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



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