From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #2869 Reply-To: canslim Sender: owner-canslim-digest@lists.xmission.com Errors-To: owner-canslim-digest@lists.xmission.com Precedence: bulk Content-Transfer-Encoding: quoted-printable X-No-Archive: yes canslim-digest Tuesday, August 27 2002 Volume 02 : Number 2869 In this issue: RE: [CANSLIM] CSTR Re: [CANSLIM] 2 for fun [CANSLIM] CSTR RE: [CANSLIM] CSTR Re: [CANSLIM] CSTR Re: [CANSLIM] CSTR Re: [CANSLIM] CSTR ---------------------------------------------------------------------- Date: Tue, 27 Aug 2002 09:26:31 -0700 (PDT) From: Marc Deiter Subject: RE: [CANSLIM] CSTR Thanks Ed. I'm laughing now. I don't really believe that karma thing. I think what I'll do - for a fee - is make available to the people on the list - and IBD - the stocks I am purchasing so you can short them. Of course this information will be protected by copyright and IBD's fee will be substantially higher than the individual fee (after all, it is accessible on-line). - --- "Edward W. Gjertsen II" wrote: > I believe Marc should be banned from the site - oh no - I may have > "touched" him by answering his email - oh nooooooooooo there goes > my > portfolio. Luck is what you make it Marc - the market does not > care who > you are or where you bought your stock. > > Ed Gjertsen II > ed@macktracks.com > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com] On Behalf Of Marc Deiter > Sent: Tuesday, August 27, 2002 11:12 AM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] CSTR > > Mike, > > I'm in the same situation as you with CSTR and may be somewhat > responsible for the drop. I found IBD/CANSLIM and this list last > August and have learned a tremendous amount over the last year > while > not trading at all. CSTR was my first stock purchase in over a > year > - the last two (prior to finding this list and CANSLIM) were Nortel > (twice on the way down) and Global Crossing. I'm afraid I've > brought > my bad karma to the list :) > > Live and learn, > Marc > > --- michael_niemotka@baxter.com wrote: > > > > Katherine, > > > > Thanks for the analysis. It does make me feel a little better > > knowing that > > no one else saw it coming. > > > > And I hope you will drop the list an e-mail to let us know how > the > > waiter > > at the pricey restaurant reacts when you pay for your dinner in > > coins! > > > > 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 > > > > > > > > > > > "Katherine Malm" > > > > > To: > > canslim@lists.xmission.com > > > Sent by: cc: > > > > > owner-canslim@lists.xm Subject: > Re: > > [CANSLIM] CSTR > > ission.com > > > > > > > > > > > > > > > 08/27/2002 10:50 AM > > > > > Please respond to > > > > > canslim > > > > > > > > > > > > > > > > > > > > > > > Hi Mike, > > > > Technically, this chart is about as good as it gets in a market > > like > > this--A > > handle 8/1 to 8/14, breakout 8/15 on volume, an orderly pullback > to > > the > > pivot since then. I'd be hard pressed to fault the technicals > > unless you > > want to argue the somewhat light volume on the right side of the > > cup, which > > I won't, because it's insignificant in my mind. > > > > There are a couple of things that kept me away from CSTR---high > > debt load > > (though they've been restructuring debt recently, so they stay in > > my sights > > in the meantime) and low ROE of 5% (primarily because they only > > turned EPS > > positive in the last 4 quarters). Given the market is on shaky > > ground, I'd > > rather sit back and watch the behavior of the stock than to dive > > in....preferring to stalk the trade on other stocks which are > > fundamentally > > stronger, but not yet finished with their bases. I also like to > sit > > back > > and > > watch most of the early stocks out of the gate after a > > follow-through and > > see how they're acting, CSTR included. > > > > I've often scratched my head at the business model.....seemed > crazy > > that > > you > > would *pay* to count your change and be happy to receive some > crisp > > dollar > > bills and a few store coupons for the "privilege." But I > understand > > they're > > appealing to a part of the population that is primarily > cash-based > > and not > > to those of us who've forgotten what it looks like and instead > use > > our ATM > > card for everything. Recently, however, I've had a greater > > appreciation for > > their "service" as my bank has stopped waiving their coin > counting > > fees > > after doing so for, well, forever.... We've always kept a "change > > can" and > > dumped our change each day. When it's full, it's about > $200....I'd > > make my > > ritual trek to the bank to have them count it out, then that > > evening we > > would go out for a pricey dinner, something we rarely do. Now > that > > they're > > charging, however, the CSTR kiosks become an alternative. > > Personally, I'm > > too cheap to pay *anybody* to count my money for me, so I won't > be > > using > > the > > bank *or* CSTR...but I'll bet you there are many folks who would > > consider > > it. The blurb I saw on the OffWallStreet report mentioned > something > > about > > "saturation." Though I haven't seen the report and know nothing > > more than > > this, I have only one thought when I hear something like that in > > the same > > breath as CSTR----Starbucks. > > > > Katherine > > > > > > ----- Original Message ----- > > From: > > To: > > Sent: Tuesday, August 27, 2002 10:22 AM > > Subject: RE: [CANSLIM] CSTR > > > > > > | > > | I appreciate all the advice that I have gotten. It is when > stuff > > like > > this > > | happens that makes me question a trading "method". I'm sure if > > CSTR > > stays > === message truncated === __________________________________________________ Do You Yahoo!? Yahoo! Finance - Get real-time stock quotes http://finance.yahoo.com - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Tue, 27 Aug 2002 11:27:05 -0500 From: "Norman" Subject: Re: [CANSLIM] 2 for fun Tx is much more liberal than commonly believed norm - ----- Original Message ----- From: "Warren Keuffel" To: Sent: Tuesday, August 27, 2002 11:23 AM Subject: Re: [CANSLIM] 2 for fun > > > Norman wrote: > > > From personal observation I would guess that > > close to 50% of the regular anglers wear their clothes. > > Must be interesting watching people fish down thataways. > > (Sorry, couldn't resist. ;-) > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Tue, 27 Aug 2002 11:41:58 -0500 From: "david frank" Subject: [CANSLIM] CSTR This is a multi-part message in MIME format. - ------=_NextPart_000_00A9_01C24DBE.C0595480 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Isn't it amazing that a small consulting group short sell = recommendations in the early morning hours can knock a CWH Allstar down = over 20%, down below its 50 and 200 DMA, towards the bottom of its CWH = base. The CWH is WON's and IBD's meat and potatoes. IBD will probably = say something like it is due to CSTR's low ROE, debt, not a rising RS = line, late 3rd base, ect. But look at all of the other CSTR's technicals = and fundamentals. Pretty good aren't they? Maybe Bulkowski is right- the = CWH is not the best chart pattern after all!!! David - ------=_NextPart_000_00A9_01C24DBE.C0595480 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Isn't it amazing that a small = consulting group=20 short sell recommendations in the early morning hours can knock a CWH = Allstar=20 down over 20%, down below its 50 and 200 DMA, towards the bottom of = its CWH=20 base. The CWH is WON's and IBD's meat and potatoes. IBD will probably = say=20 something like it is due to CSTR's low ROE, debt, not a rising RS line, = late 3rd=20 base, ect. But look at all of the other CSTR's technicals and = fundamentals.=20 Pretty good aren't they? Maybe Bulkowski is right- the CWH is not the = best chart=20 pattern after all!!!  David
- ------=_NextPart_000_00A9_01C24DBE.C0595480-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Tue, 27 Aug 2002 11:30:38 -0500 From: "Edward W. Gjertsen II" Subject: RE: [CANSLIM] CSTR We may only commit to a 1/2 position until it gives us a second chance to add Ed Gjertsen II ed@macktracks.com - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Katherine Malm Sent: Tuesday, August 27, 2002 11:24 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] CSTR Hi Ed, I'm glad Norm asked the question because your comment also piqued my interest. Let me see if I understand you.... You are doing a visual examination of the chart, looking for a pattern of wide-range days, gaps up/down, wide-loose patterns, etc.? Based on that assessment, you would avoid a chart that displayed too many of these volatile patterns? What would you do if the stock displayed these patterns but has recently tightened up? Katherine - ----- Original Message ----- From: "Edward W. Gjertsen II" To: Sent: Tuesday, August 27, 2002 11:11 AM Subject: RE: [CANSLIM] CSTR | Katherine you are incredibly resourceful. We do not use ATR - we | actually go through the daily charts to look for any historical trading | issues that may cause us a premature exit from our buy. ATR may be | misleading if one or two days are 10% in range. Good Luck. | | Ed Gjertsen II | ed@macktracks.com | | -----Original Message----- | From: owner-canslim@lists.xmission.com | [mailto:owner-canslim@lists.xmission.com] On Behalf Of | michael_niemotka@baxter.com | Sent: Tuesday, August 27, 2002 10:57 AM | To: canslim@lists.xmission.com | Subject: RE: [CANSLIM] CSTR | | | Ed, | | Thank you for that insight. I will start doing the same type of | analysis | with my chart readings. | | 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 | cc: | | Sent by: Subject: RE: | [CANSLIM] CSTR | owner-canslim@lists.xm | | ission.com | | | | | | 08/27/2002 10:45 AM | | Please respond to | | canslim | | | | | | | | | | Michael, | | With the PE on CSTR in the mid 70's, there is risk. Even though WON | doesn't really pay attention to PE, many do. Second, this is not the | first time CSTR has fallen so quickly. One additional analysis we | perform is to review charts form mini implosions. There have been many | stocks we have passed over due to a volatile trading history. Stocks | that have recent (6 months) daily ranges of greater than 10% carry | additional risks for Canslimers. | | Ed Gjertsen II | ed@macktracks.com | | -----Original Message----- | From: owner-canslim@lists.xmission.com | [mailto:owner-canslim@lists.xmission.com] On Behalf Of | michael_niemotka@baxter.com | Sent: Tuesday, August 27, 2002 10:22 AM | To: canslim@lists.xmission.com | Subject: RE: [CANSLIM] CSTR | | | I appreciate all the advice that I have gotten. It is when stuff like | this | happens that makes me question a trading "method". I'm sure if CSTR | stays | down, it will only be a matter of time before I see and IBD write up | using | their famous 20-20 hindsight to show why it was destined to fall. Does | anyone else see anything in the price volume action that would lead them | to | believe that this was going to happen, or is it the M that is still not | strong enough? | | Okay, now I feel a bit better after venting. Thank you all! | | | 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 | cc: | | Sent by: Subject: RE: | [CANSLIM] CSTR | owner-canslim@lists.xm | | ission.com | | | | | | 08/27/2002 10:09 AM | | Please respond to | | canslim | | | | | | | | | | Dear Mike | | CSTR was a favorite of many Canslimers - with the problems we faced with | buying CVH recently (too many chasing too few) we are seeing similar | results, which unfortunately are on the downside. You mentioned that | you got into the office late. Remember - there are people who do this | for a living with millions at stake. A slight smell of weakness and | they may sell some of their position to take some risk off the table - | selling begets selling and before you know it CSTR is down over 20%. We | have been in this situation several times before - and sold quickly - | and yes much to our chagrin - some stocks came roaring back - but in | other cases the stock kept declining. Throw out your ego - sell - and | if CSTR sets up again look at buying it. I don't want to get too deep | into wash sale rules, but you can't take and loss on CSTR if you buy it | back within 30 days. Good luck | | Ed Gjertsen II | ed@macktracks.com | | -----Original Message----- | From: owner-canslim@lists.xmission.com | [mailto:owner-canslim@lists.xmission.com] On Behalf Of | michael_niemotka@baxter.com | Sent: Tuesday, August 27, 2002 9:25 AM | To: canslim@lists.xmission.com | Subject: [CANSLIM] CSTR | | Does anyone know what is going on with this stock? Got in late to the | office today and it is down 18%!!! | | I know we are supposed to sell at 7-8%, but now do I sell anyway, or | wait | it out to see if the day may turn a bit? | | Thanks | | 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 | | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. | | | | | | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. | | | | | | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Tue, 27 Aug 2002 11:52:02 -0700 From: "NANCY POLCARO" Subject: Re: [CANSLIM] CSTR - ------=_NextPart_001_0000_01C24DC0.280E98A0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable cnbc said it was caused by market saturation. =20 =20 - ----- Original Message ----- From: David Taggart Sent: Tuesday, August 27, 2002 9:08 AM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] CSTR =20 I have a bunch of coin rolls located on my dresser and just fill them up = as I go (except for the pennies which go in a bucket in my closet) Once a ro= ll is filled I then use it to buy gas. The gas station people never seem to mind getting a $10 quarter roll or a $2 nickel roll. It works for me because like you I will never haul my change to the store only to be char= ged for it. Happy Trading, David Taggart - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm Sent: Tuesday, August 27, 2002 9:51 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] CSTR Hi Mike, Technically, this chart is about as good as it gets in a market like this= - --A handle 8/1 to 8/14, breakout 8/15 on volume, an orderly pullback to the pivot since then. I'd be hard pressed to fault the technicals unless you want to argue the somewhat light volume on the right side of the cup, whi= ch I won't, because it's insignificant in my mind. There are a couple of things that kept me away from CSTR---high debt load (though they've been restructuring debt recently, so they stay in my sigh= ts in the meantime) and low ROE of 5% (primarily because they only turned EP= S positive in the last 4 quarters). Given the market is on shaky ground, I'= d rather sit back and watch the behavior of the stock than to dive in....preferring to stalk the trade on other stocks which are fundamental= ly stronger, but not yet finished with their bases. I also like to sit back = and watch most of the early stocks out of the gate after a follow-through and see how they're acting, CSTR included. I've often scratched my head at the business model.....seemed crazy that = you would *pay* to count your change and be happy to receive some crisp dolla= r bills and a few store coupons for the "privilege." But I understand they'= re appealing to a part of the population that is primarily cash-based and no= t to those of us who've forgotten what it looks like and instead use our AT= M card for everything. Recently, however, I've had a greater appreciation f= or their "service" as my bank has stopped waiving their coin counting fees after doing so for, well, forever.... We've always kept a "change can" an= d dumped our change each day. When it's full, it's about $200....I'd make m= y ritual trek to the bank to have them count it out, then that evening we would go out for a pricey dinner, something we rarely do. Now that they'r= e charging, however, the CSTR kiosks become an alternative. Personally, I'm too cheap to pay *anybody* to count my money for me, so I won't be using = the bank *or* CSTR...but I'll bet you there are many folks who would consider it. The blurb I saw on the OffWallStreet report mentioned something about "saturation." Though I haven't seen the report and know nothing more than this, I have only one thought when I hear something like that in the same breath as CSTR----Starbucks. Katherine - ----- Original Message ----- From: To: Sent: Tuesday, August 27, 2002 10:22 AM Subject: RE: [CANSLIM] CSTR | | I appreciate all the advice that I have gotten. It is when stuff like this | happens that makes me question a trading "method". I'm sure if CSTR st= ays | down, it will only be a matter of time before I see and IBD write up us= ing | their famous 20-20 hindsight to show why it was destined to fall. Does | anyone else see anything in the price volume action that would lead the= m to | believe that this was going to happen, or is it the M that is still not | strong enough? | | Okay, now I feel a bit better after venting. Thank you all! | | | 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 | cc: | Sent by: Subject: RE: [CANSLIM] CSTR | owner-canslim@lists.xm | ission.com | | | 08/27/2002 10:09 AM | Please respond to | canslim | | | | | | | Dear Mike | | CSTR was a favorite of many Canslimers - with the problems we faced wit= h | buying CVH recently (too many chasing too few) we are seeing similar | results, which unfortunately are on the downside. You mentioned that | you got into the office late. Remember - there are people who do this | for a living with millions at stake. A slight smell of weakness and | they may sell some of their position to take some risk off the table - | selling begets selling and before you know it CSTR is down over 20%. W= e | have been in this situation several times before - and sold quickly - | and yes much to our chagrin - some stocks came roaring back - but in | other cases the stock kept declining. Throw out your ego - sell - and | if CSTR sets up again look at buying it. I don't want to get too deep | into wash sale rules, but you can't take and loss on CSTR if you buy it | back within 30 days. Good luck | | Ed Gjertsen II | ed@macktracks.com | | -----Original Message----- | From: owner-canslim@lists.xmission.com | [mailto:owner-canslim@lists.xmission.com] On Behalf Of | michael_niemotka@baxter.com | Sent: Tuesday, August 27, 2002 9:25 AM | To: canslim@lists.xmission.com | Subject: [CANSLIM] CSTR | | Does anyone know what is going on with this stock? Got in late to the | office today and it is down 18%!!! | | I know we are supposed to sell at 7-8%, but now do I sell anyway, or | wait | it out to see if the day may turn a bit? | | Thanks | | 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 | | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. | | | | | | | | - | -To subscribe/unsubscribe, email "majordomo@xmission.com" | -In the email body, write "subscribe canslim" or | -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - ------=_NextPart_001_0000_01C24DC0.280E98A0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
cnbc said= it was caused by market saturation. 
 
----- Original Message -----
From: David Taggart
<= DIV style=3D"FONT: 10pt Arial">Sent: Tuesday, August 27, 2002 9:08= AM
To: canslim@lists.xmissi= on.com
Subject: RE: [CANSLIM= ] CSTR
 
I have a bunch of coin rolls located on my = dresser and just fill them up as
I go (except for the pennies which go= in a bucket in my closet) Once a roll
is filled I then use it to buy = gas.  The gas station people never seem to
mind getting a $10 qua= rter roll or a $2 nickel roll.  It works for me
because like you = I will never haul my change to the store only to be charged
for it.
Happy Trading,
David Taggart

-----Original Message-----From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xm= ission.com]On Behalf Of Katherine Malm
Sent: Tuesday, August 27, 2002 = 9:51 AM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] CSTR<= BR>

Hi Mike,

Technically, this chart is about as good as it= gets in a market like this--A
handle 8/1 to 8/14, breakout 8/15 on vo= lume, an orderly pullback to the
pivot since then. I'd be hard pressed= to fault the technicals unless you
want to argue the somewhat light v= olume on the right side of the cup, which
I won't, because it's insign= ificant in my mind.

There are a couple of things that kept me away= from CSTR---high debt load
(though they've been restructuring debt re= cently, so they stay in my sights
in the meantime) and low ROE of 5% (= primarily because they only turned EPS
positive in the last 4 quarters= ). Given the market is on shaky ground, I'd
rather sit back and watch = the behavior of the stock than to dive
in....preferring to stalk the t= rade on other stocks which are fundamentally
stronger, but not yet fin= ished with their bases. I also like to sit back and
watch most of the = early stocks out of the gate after a follow-through and
see how they'r= e acting, CSTR included.

I've often scratched my head at the busin= ess model.....seemed crazy that you
would *pay* to count your change a= nd be happy to receive some crisp dollar
bills and a few store coupons= for the "privilege." But I understand they're
appealing to a part of = the population that is primarily cash-based and not
to those of us who= 've forgotten what it looks like and instead use our ATM
card for ever= ything. Recently, however, I've had a greater appreciation for
their "= service" as my bank has stopped waiving their coin counting fees
after= doing so for, well, forever.... We've always kept a "change can" and
= dumped our change each day. When it's full, it's about $200....I'd make m= y
ritual trek to the bank to have them count it out, then that evening= we
would go out for a pricey dinner, something we rarely do. Now that= they're
charging, however, the CSTR kiosks become an alternative. Per= sonally, I'm
too cheap to pay *anybody* to count my money for me, so I= won't be using the
bank *or* CSTR...but I'll bet you there are many f= olks who would consider
it. The blurb I saw on the OffWallStreet repor= t mentioned something about
"saturation." Though I haven't seen the re= port and know nothing more than
this, I have only one thought when I h= ear something like that in the same
breath as CSTR----Starbucks.
Katherine


----- Original Message -----
From: <michael_= niemotka@baxter.com>
To: <canslim@lists.xmission.com>
Sent= : Tuesday, August 27, 2002 10:22 AM
Subject: RE: [CANSLIM] CSTR

|
| I appreciate all the advice that I have gotten.  It is w= hen stuff like
this
| happens that makes me question a trading "met= hod".  I'm sure if CSTR stays
| down, it will only be a matter of= time before I see and IBD write up using
| their famous 20-20 hindsig= ht to show why it was destined to fall.  Does
| anyone else see a= nything in the price volume action that would lead them
to
| believ= e that this was going to happen, or is it the M that is still not
| st= rong enough?
|
| Okay, now I feel a bit better after venting. = Thank you all!
|
|
| Mike Niemotka , PE
| Sr. Principal Engi= neer
| Baxter Healthcare Corporation
| Route 120 & Wilson Road<= BR>| Round Lake, IL 60073
| Tel (847) 270-4075
| Fax (847) 270-4525=
| michael_niemotka@baxter.com
|
|
|
|   &n= bsp;           &nb= sp;     "Edward W. Gjertsen
|   &nb= sp;           &nbs= p;     II"       &= nbsp;           &n= bsp;       To:
canslim@lists.xmission.co= m
|           &= nbsp;         <ed@macktracks.c= om>           cc:|            = ;         Sent by:  &nb= sp;           &nbs= p;       Subject:     R= E:
[CANSLIM] CSTR
|        =              = owner-canslim@lists.xm
|       &nbs= p;            = ; ission.com
|
|
|       &nbs= p;            = ; 08/27/2002 10:09 AM
|        = ;            = Please respond to
|        &n= bsp;            ca= nslim
|
|
|
|
|
|
| Dear Mike
|
| CSTR was a f= avorite of many Canslimers - with the problems we faced with
| buying = CVH recently (too many chasing too few) we are seeing similar
| result= s, which unfortunately are on the downside.  You mentioned that
|= you got into the office late.  Remember - there are people who do t= his
| for a living with millions at stake.  A slight smell of wea= kness and
| they may sell some of their position to take some risk off= the table -
| selling begets selling and before you know it CSTR is d= own over 20%.  We
| have been in this situation several times bef= ore - and sold quickly -
| and yes much to our chagrin - some stocks c= ame roaring back - but in
| other cases the stock kept declining. = ; Throw out your ego - sell - and
| if CSTR sets up again look at buyi= ng it.  I don't want to get too deep
| into wash sale rules, but = you can't take and loss on CSTR if you buy it
| back within 30 days.&n= bsp; Good luck
|
| Ed Gjertsen II
| ed@macktracks.com
|
| = - -----Original Message-----
| From: owner-canslim@lists.xmission.com| [mailto:owner-canslim@lists.xmission.com] On Behalf Of
| michael_ni= emotka@baxter.com
| Sent: Tuesday, August 27, 2002 9:25 AM
| To: ca= nslim@lists.xmission.com
| Subject: [CANSLIM] CSTR
|
| Does anyo= ne know what is going on with this stock?  Got in late to the
| o= ffice today and it is down 18%!!!
|
| I know we are supposed to sel= l at 7-8%, but now do I sell anyway, or
| wait
| it out to see if t= he day may turn a bit?
|
| Thanks
|
| 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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|
| -
| -To subscr= ibe/unsubscribe, email "majordomo@xmission.com"
| -In the email body, = write "subscribe canslim" or
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|
| -
| -T= o subscribe/unsubscribe, email "majordomo@xmission.com"
| -In the emai= l body, write "subscribe canslim" or
| -"unsubscribe canslim".  D= o not use quotes in your email.


-
-To subscribe/unsubscribe= , email "majordomo@xmission.com"
-In the email body, write "subscribe = canslim" or
-"unsubscribe canslim".  Do not use quotes in your em= ail.


-
-To subscribe/unsubscribe, email "majordomo@xmission= .com"
-In the email body, write "subscribe canslim" or
-"unsubscrib= e canslim".  Do not use quotes in your email.
- ------=_NextPart_001_0000_01C24DC0.280E98A0-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Tue, 27 Aug 2002 14:57:52 EDT From: Spencer48@aol.com Subject: Re: [CANSLIM] CSTR Mike: The 50 DMA fell below-and hasn't risen above since then-the 200 day July 15th. Also, on the weekly chart, the formation is a V-shaped cup with the Right Lip a little below the left lip-so a BO had never occurred. Additonally, the RS-Line on the Daily was just a smidgen above where it was at the stock price's previous top, which was substantially lower (I'm comparing 8/5 with 8/16). On neither the day nor the weekly chart could I see a BO. Both show the high possibility of a BO (with the fundamentals and the chart-formations both alligning). I suspect that IBD will print the same thing (something like, "Fooler Charts-Charts That Looked Strong On Their Right-Side-Runup"). That said, I must confess: I was looking very seriously at CSTR to buy it. The fundamentals; the chart; and the technical (I use MACD and an ROC-type tool) all pointed that the stock should be bought. I didn't buy it because of only 1 or 2 thing: The Market (and perhaps because I am now kind of trigger-shy, having been in cash since this LOOOONG bear began) jans In a message dated 8/27/2002 11:21:10 AM Eastern Daylight Time, michael_niemotka@baxter.com writes: << Does anyone else see anything in the price volume action that would lead them to believe that this was going to happen, or is it the M that is still not strong enough? >> - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Tue, 27 Aug 2002 12:44:13 -0700 From: Ian Subject: Re: [CANSLIM] CSTR Mike: If it makes you feel better - I was looking for chart weakness so that I could intitate another short position - and I hadn't found any weakness before today. I would say that technically, the stock has behaved extremely strongly up until today - strong enough to scare me away from shorting it. Just my 2 cents. Ian - ----- Original Message ----- From: To: Sent: Tuesday, August 27, 2002 8:22 AM Subject: RE: [CANSLIM] CSTR > > I appreciate all the advice that I have gotten. It is when stuff like this > happens that makes me question a trading "method". I'm sure if CSTR stays > down, it will only be a matter of time before I see and IBD write up using > their famous 20-20 hindsight to show why it was destined to fall. Does > anyone else see anything in the price volume action that would lead them to > believe that this was going to happen, or is it the M that is still not > strong enough? > > Okay, now I feel a bit better after venting. Thank you all! > > > 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 > cc: > Sent by: Subject: RE: [CANSLIM] CSTR > owner-canslim@lists.xm > ission.com > > > 08/27/2002 10:09 AM > Please respond to > canslim > > > > > > > Dear Mike > > CSTR was a favorite of many Canslimers - with the problems we faced with > buying CVH recently (too many chasing too few) we are seeing similar > results, which unfortunately are on the downside. You mentioned that > you got into the office late. Remember - there are people who do this > for a living with millions at stake. A slight smell of weakness and > they may sell some of their position to take some risk off the table - > selling begets selling and before you know it CSTR is down over 20%. We > have been in this situation several times before - and sold quickly - > and yes much to our chagrin - some stocks came roaring back - but in > other cases the stock kept declining. Throw out your ego - sell - and > if CSTR sets up again look at buying it. I don't want to get too deep > into wash sale rules, but you can't take and loss on CSTR if you buy it > back within 30 days. Good luck > > Ed Gjertsen II > ed@macktracks.com > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com] On Behalf Of > michael_niemotka@baxter.com > Sent: Tuesday, August 27, 2002 9:25 AM > To: canslim@lists.xmission.com > Subject: [CANSLIM] CSTR > > Does anyone know what is going on with this stock? Got in late to the > office today and it is down 18%!!! > > I know we are supposed to sell at 7-8%, but now do I sell anyway, or > wait > it out to see if the day may turn a bit? > > Thanks > > 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 > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ End of canslim-digest V2 #2869 ****************************** To unsubscribe to canslim-digest, send an email to "majordomo@xmission.com" with "unsubscribe canslim-digest" in the body of the message. For information on digests or retrieving files and old messages send "help" to the same address. Do not use quotes in your message.