Re: [CANSLIM] CSTR

From: "Norman" <theboyd@tisd.net>
Subject: Re: [CANSLIM] CSTR
Date: Tue, 27 Aug 2002 10:34:28 -0500
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Looking only at the chart, I don't see anything that would have made me sell
before today.  Actually looks pretty good.  Maybe Ed's right, too many eyes.


Norm
- ----- 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 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
>                     <ed@macktracks.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
>
>
>
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