From: "Katherine Malm" <kmalm@earthlink.net>
Subject: RE: [CANSLIM] Opinion on IFF
Date: Thu, 9 Jan 2003 12:22:18 -0600
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Hi Cindy,
I agree with jans' comments on the fundamentals and with the comparison to
stronger stocks within the industry. Good earnings news from HELE today also
demonstrates that fundamentals in this industry in general may be perking
up. That's also consistent with the typical action of the industry in late
Bear/Early Bull stages.
I've annotated some comments on the daily chart at:
http://www.cwhcharts.com/katherine/IFF010903.JPG
and on the weekly chart at:
http://www.cwhcharts.com/katherine/IFF010903wkly.JPG
Katherine
- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Spencer48@aol.com
Sent: Thursday, January 09, 2003 11:20 AM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] Opinion on IFF
Cindy:
While the chart is not as nice looking as NBTY (in my opinion), it
doesn't look like a hazardous waste dump.
However, the fundamentals don't look that great (eg, earnings, debt).
Also, I generally like management to own a greater percent of the stock than
do funds.
But this is why I would go more towards NBTY (besides the fundamentals
and superior chart appearance of NBTY). NBTY is a manf. and distributer of
nutrients. In my opinion, this is an up-and-coming baby boom field.
Baby-Boomers (besides wanting to live longer) are going to want to be
healthy
as they live longer. NBTY fills that demand. IFF (cosmetics) provides only
a bandaid for that which (I believe) baby-boomers will be avid: Eternal
Youth (or at least as eternal as possible).
I'd wait for the market to get better (WON's stats say that over 75% of
stocks fall during a bear; now we may not be in a bear, but that doesn't
mean
we're in a bull. The market could just fluctuate in a tight range for weeks
or months just below the 200 DMA resistance.) Moreover, as I said, I'd
focus
more on NBTY than IFF.
jans
In a message dated 1/9/2003 6:47:43 AM Eastern Standard Time,
uptickchick2003@yahoo.com writes:
<< I was checking out NBTY this morning on IBD and noticed that a related
company IFF, has formed a perfect cup and may be forming a handle now. I am
new to investing and tech analysis...does this bear watching? I am ready to
pounce :)
Cindy >>
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