RE: [CANSLIM] CSTR

From: "Edward W. Gjertsen II" <ed@macktracks.com>
Subject: RE: [CANSLIM] CSTR
Date: Tue, 27 Aug 2002 10:09:28 -0500

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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



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