RE: [CANSLIM] Breakout -- Aetna (AET)

From: "Katherine Malm" <kmalm@earthlink.net>
Subject: RE: [CANSLIM] Breakout -- Aetna (AET)
Date: Fri, 9 May 2003 08:28:51 -0500

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Hi Pritish,

I'll have to agree with Peter on this one. Even in a preponderance of
evidence look at the fundamentals, AET is pretty lousy with 4.86 of a
possible 11 fundamental points in our system. Not only that, but it's been
making a half hearted attempt at breaking above its $50 pivot set on 3/31
and is now just churning. See a chart denoting the base at:

http://www.cwhcharts.com/katherine/AET050803.JPG

with a close up of the action since the pivot at:
http://www.cwhcharts.com/katherine/AET050803Detail.JPG

There are far better stocks in this group. For example, MME and CVH are
leading with recent successful breakouts. Other stocks with good
fundamentals include CNTE (which is currently setting up with a very nice
base and a pivot at $34.60) and SIE.

Katherine

- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Peter Christiansen
Sent: Thursday, May 08, 2003 11:57 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] Breakout -- Aetna (AET)

Looks like a one year base to me.  Revenue growth looks iffy.  ROE is
only 8.74.  Long term "projected" earnings growth is pretty good.  The
relative strength line is lagging price movement.  I think there are
more interesting stocks out there, and would probably give AET a miss.

Peter

Pritish Shah wrote:

>AET broke out over last few days on above-average volume and is continuing
the trend today on 3x volume today.
>
>To me it looks like a cup with a high handle that has based for last two
years.
>
>In remembering Tom, I say this: Over last six months, it has been an LLUR.
>
>Tom: May you rest in eternal peace and eternal bliss. Yours was the only
email that I diligently saved everyweek to study again and again. Thank you
for giving us a part of you by sharing your knowledge with us. You will be
remembered and missed every weekend.
>
>
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