Go to Jeff Salisbury LWGate Home Page.From: "Norman" <theboyd@tisd.net>
Subject: Re: Volatility (was [CANSLIM] CSTR)
Date: Tue, 27 Aug 2002 10:54:19 -0500
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Ed, Is this "daily range" analysis the same as ATR (avg true range) analysis? Before someone says this OT, it goes to the volatility that WON talks about so often. Norm - ----- Original Message ----- From: "Edward W. Gjertsen II" <ed@macktracks.com> To: <canslim@lists.xmission.com> Sent: Tuesday, August 27, 2002 10:45 AM Subject: RE: [CANSLIM] CSTR > 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 > <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 > > > > - > -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.
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