Go to Jeff Salisbury LWGate Home Page.From: michael_niemotka@baxter.com
Subject: RE: [CANSLIM] NTST
Date: Thu, 14 Aug 2003 16:58:21 -0500
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Ron,
I appreciate the response. Of course hindsight being 20-20 I am sad I
missed this one. When I saw the price alert (came later after the volume
alert) it was already over the 5% buy rule from WON, so I watched for a
while, waiting for a intraday pullback to get in, but it never came about.
I would have enjoyed a 20% day gain, but have to use it as a learning
experience and look for the next one.
Congrats on your gains!
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
"Ron Brown"
<rbrown@neb.rr.com> To: canslim@lists.xmission.com
Sent by: cc:
owner-canslim@lists.xm Subject: RE: [CANSLIM] NTST
ission.com
08/14/2003 04:41 PM
Please respond to
canslim
Hi Mike,
I own NTST and I want to share with you why I bought it. You spotted a
very
good candidate, and when you see a stock like this breaking out, go for it.
DO NOT ask anyone for their opinion, just buy, and then manage the trade.
The links below are to www.xdrive.com. Click on open to view each chart
individually after the page appears.
NTST Analysis.gif
http://plus.xdrive.com/s/895548237H4U8cGCzyLZsqzJQT9m&partner=xdrv
NTST Today.gif
http://plus.xdrive.com/s/89554827792QfpfyQOp0iMNAQzNh&partner=xdrv
NTST has been under accumulation for quite some time, it broke out of a
consolidation area when earnings were announced, and it is now following
through.
The first chart is my analysis, and the second chart is a daily chart after
today's breakout.
These are the reasons I bought NTST.
1. A strong gap up when earnings were announced on 8/05/03. The volume
was
10 times normal volume; over 1/2 million shares on a stock with a float of
only 3.5 million. This means there are many new shareholders in the stock.
If the gap was defended, or if a flag formed on RELATIVELY light volume
compared to the earnings breakout day, I thought NTST had a good chance to
go again.
2. Great earnings acceleration, a strong group, a dividend of 1.5%, ROE of
16, Price to Sales of 1.1 etc.
3. NTST digested the gap move up, held its ground as volume became
relatively quiet, and was setting up to go again. Volume came in today,
and
you spotted the pivot buy point. With all this going for it, the breakout
had a very good chance to succeed.
You don't get many chances to pick up 20 plus percentage points in a day,
so
go for a good stock when you see the volume coming into it.
Ron Brown
Ron@HighGrowthStock.com
www.highgrowthstock.com
- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of
michael_niemotka@baxter.com
Sent: Thursday, August 14, 2003 11:26 AM
To: canslim@lists.xmission.com
Subject: [CANSLIM] NTST
It appears that NTST is breaking out from a pivot of $7.28 on huge volume,
but when I look at the chart, I am concerned by the high volume that exists
in the handle area. From what I remember, you would like to see volume dry
up, preferable below the 50dMA. I see this as a danger sign to the
success, but as of this writing, it is up to $7.54.
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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