Go to Jeff Salisbury LWGate Home Page.From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Re: Volatility (was [CANSLIM] CSTR)
Date: Tue, 27 Aug 2002 11:08:39 -0500
Next Article (by Subject): Re: [CANSLIM] 2 for fun Warren Keuffel
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Just in case it comes up....here's a description of the ATR: http://stockcharts.com/education/What/IndicatorAnalysis/indic_ATR.html Katherine - ----- Original Message ----- From: "Norman" <theboyd@tisd.net> To: <canslim@lists.xmission.com> Sent: Tuesday, August 27, 2002 10:54 AM Subject: Re: Volatility (was [CANSLIM] CSTR) | 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. - - - -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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