Go to Jeff Salisbury LWGate Home Page.From: michael_niemotka@baxter.com
Subject: Re: [CANSLIM] CSTR
Date: Tue, 27 Aug 2002 11:27:58 -0500
Previous Article (by Subject): Re: [CANSLIM] CSTR "Katherine Malm"
Top of Thread: Re: [CANSLIM] CSTR Marc Deiter
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Marc,
Well then hurry up and sell (if you have not already) so this puppy can
rebound! I have been checking the Yahoo message boards , and no one can
point to any real issues. Of course then you end up with the nasty fights
between the longs and the shorts. It is some fun to watch.
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
"Marc Deiter"
<dites@yahoo.com> To: canslim@lists.xmission.com
Sent by: cc:
owner-canslim@lists.xm Subject: Re: [CANSLIM] CSTR
ission.com
08/27/2002 11:12 AM
Please respond to
canslim
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"
>
> <kmalm@earthlink.net> 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: <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%.
=== message truncated ===
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Previous Article (by Subject): Re: [CANSLIM] CSTR "Katherine Malm"
Top of Thread: Re: [CANSLIM] CSTR Marc Deiter
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