RE: [CANSLIM] COLM

From: michael_niemotka@baxter.com
Subject: RE: [CANSLIM] COLM
Date: Fri, 30 May 2003 10:18:10 -0500
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Top of Thread: [CANSLIM] COLM michael_niemotka@baxter.com
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Ed,

I agree.  For once, it looks like a stock is breaking out slowly, giving us
a chance to watch and wait, and still be able to buy within the 5% of the
pivot.  In the past, it seems like a strong breakout made you have to take
a leap of faith that it would follow thru.

I know one of the things I have NOT mastered, is selling a stock only a few
days after an apparent breakout, if it does not follow thru.  As a question
to the group, how long do you generally wait for a follow thru, assuming
that you DON'T see something like a high volume , drop in price day, or a
violation of the pivot point, etc.

What I would like to do is try to get out sooner that the 7-8% loss if the
breakout does not look clean, but also not be TOO conservative and not give
the stock a little leeway.

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


                                                                                                                            
                    "Edward W. Gjertsen                                                                                     
                    II"                          To:     canslim@lists.xmission.com                                         
                    <ed@macktracks.com>          cc:                                                                        
                    Sent by:                     Subject:     RE: [CANSLIM] COLM                                            
                    owner-canslim@lists.xm                                                                                  
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                    05/30/2003 10:08 AM                                                                                     
                    Please respond to                                                                                       
                    canslim                                                                                                 
                                                                                                                            
                                                                                                                            




We are courting this one as well. Volatility has picked up in the
leaders and we are in the sell in May and go away period.   Regardless
of what you all choose, I would tread a little lighter, smaller
positions, add on strength.


Ed Gjertsen II
ed@macktracks.com


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- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of
michael_niemotka@baxter.com
Sent: Friday, May 30, 2003 10:07 AM
To: canslim@lists.xmission.com
Subject: [CANSLIM] COLM

Hi all,

Have been watching COLM for a while, and it looks like it is attempting
a
breakout  from what I see as a nicely formed CWH.  The right side had a
gap
up, and had some high volume days, and the handle formed with a pivot of
$48.76, and again had a high volume spike in the middle.  Checking the
scores, the fundies are pretty strong, but so far it has not mustered a
150% volume to classify as a breakout.

Any thoughts?

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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