Go to Jeff Salisbury LWGate Home Page.From: "NANCY POLCARO" <ZILLAGIRL@msn.com>
Subject: Re: [CANSLIM] CSTR
Date: Tue, 27 Aug 2002 11:52:02 -0700
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- ------=_NextPart_001_0000_01C24DC0.280E98A0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable cnbc said it was caused by market saturation. =20 =20 - ----- Original Message ----- From: David Taggart Sent: Tuesday, August 27, 2002 9:08 AM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] CSTR =20 I have a bunch of coin rolls located on my dresser and just fill them up = as I go (except for the pennies which go in a bucket in my closet) Once a ro= ll is filled I then use it to buy gas. The gas station people never seem to mind getting a $10 quarter roll or a $2 nickel roll. It works for me because like you I will never haul my change to the store only to be char= ged for it. Happy Trading, David Taggart - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm Sent: Tuesday, August 27, 2002 9:51 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] CSTR 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, whi= ch 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 sigh= ts in the meantime) and low ROE of 5% (primarily because they only turned EP= S 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 fundamental= ly 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 dolla= r 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 no= t to those of us who've forgotten what it looks like and instead use our AT= M card for everything. Recently, however, I've had a greater appreciation f= or 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" an= d dumped our change each day. When it's full, it's about $200....I'd make m= y 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'r= e 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 st= ays | down, it will only be a matter of time before I see and IBD write up us= ing | 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 the= m 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 wit= h | 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%. W= e | 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. - ------=_NextPart_001_0000_01C24DC0.280E98A0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable <HTML><BODY STYLE=3D"font:10pt verdana; border:none;"><DIV>cnbc said= it was caused by market saturation. </DIV> <DIV> </DIV> <BLOCK= QUOTE style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; B= ORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px"> <DIV style=3D"FONT: 10= pt Arial">----- Original Message -----</DIV> <DIV style=3D"BACKGROUND: #e= 4e4e4; FONT: 10pt Arial; COLOR: black"><B>From:</B> David Taggart</DIV> <= DIV style=3D"FONT: 10pt Arial"><B>Sent:</B> Tuesday, August 27, 2002 9:08= AM</DIV> <DIV style=3D"FONT: 10pt Arial"><B>To:</B> canslim@lists.xmissi= on.com</DIV> <DIV style=3D"FONT: 10pt Arial"><B>Subject:</B> RE: [CANSLIM= ] CSTR</DIV> <DIV> </DIV>I have a bunch of coin rolls located on my = dresser and just fill them up as<BR>I go (except for the pennies which go= in a bucket in my closet) Once a roll<BR>is filled I then use it to buy = gas. The gas station people never seem to<BR>mind getting a $10 qua= rter roll or a $2 nickel roll. It works for me<BR>because like you = I will never haul my change to the store only to be charged<BR>for it.<BR= ><BR>Happy Trading,<BR>David Taggart<BR><BR>-----Original Message-----<BR= >From: owner-canslim@lists.xmission.com<BR>[mailto:owner-canslim@lists.xm= ission.com]On Behalf Of Katherine Malm<BR>Sent: Tuesday, August 27, 2002 = 9:51 AM<BR>To: canslim@lists.xmission.com<BR>Subject: Re: [CANSLIM] CSTR<= BR><BR><BR>Hi Mike,<BR><BR>Technically, this chart is about as good as it= gets in a market like this--A<BR>handle 8/1 to 8/14, breakout 8/15 on vo= lume, an orderly pullback to the<BR>pivot since then. I'd be hard pressed= to fault the technicals unless you<BR>want to argue the somewhat light v= olume on the right side of the cup, which<BR>I won't, because it's insign= ificant in my mind.<BR><BR>There are a couple of things that kept me away= from CSTR---high debt load<BR>(though they've been restructuring debt re= cently, so they stay in my sights<BR>in the meantime) and low ROE of 5% (= primarily because they only turned EPS<BR>positive in the last 4 quarters= ). Given the market is on shaky ground, I'd<BR>rather sit back and watch = the behavior of the stock than to dive<BR>in....preferring to stalk the t= rade on other stocks which are fundamentally<BR>stronger, but not yet fin= ished with their bases. I also like to sit back and<BR>watch most of the = early stocks out of the gate after a follow-through and<BR>see how they'r= e acting, CSTR included.<BR><BR>I've often scratched my head at the busin= ess model.....seemed crazy that you<BR>would *pay* to count your change a= nd be happy to receive some crisp dollar<BR>bills and a few store coupons= for the "privilege." But I understand they're<BR>appealing to a part of = the population that is primarily cash-based and not<BR>to those of us who= 've forgotten what it looks like and instead use our ATM<BR>card for ever= ything. Recently, however, I've had a greater appreciation for<BR>their "= service" as my bank has stopped waiving their coin counting fees<BR>after= doing so for, well, forever.... We've always kept a "change can" and<BR>= dumped our change each day. When it's full, it's about $200....I'd make m= y<BR>ritual trek to the bank to have them count it out, then that evening= we<BR>would go out for a pricey dinner, something we rarely do. Now that= they're<BR>charging, however, the CSTR kiosks become an alternative. Per= sonally, I'm<BR>too cheap to pay *anybody* to count my money for me, so I= won't be using the<BR>bank *or* CSTR...but I'll bet you there are many f= olks who would consider<BR>it. The blurb I saw on the OffWallStreet repor= t mentioned something about<BR>"saturation." Though I haven't seen the re= port and know nothing more than<BR>this, I have only one thought when I h= ear something like that in the same<BR>breath as CSTR----Starbucks.<BR><B= R>Katherine<BR><BR><BR>----- Original Message -----<BR>From: <michael_= niemotka@baxter.com><BR>To: <canslim@lists.xmission.com><BR>Sent= : Tuesday, August 27, 2002 10:22 AM<BR>Subject: RE: [CANSLIM] CSTR<BR><BR= ><BR>|<BR>| I appreciate all the advice that I have gotten. It is w= hen stuff like<BR>this<BR>| happens that makes me question a trading "met= hod". I'm sure if CSTR stays<BR>| down, it will only be a matter of= time before I see and IBD write up using<BR>| their famous 20-20 hindsig= ht to show why it was destined to fall. Does<BR>| anyone else see a= nything in the price volume action that would lead them<BR>to<BR>| believ= e that this was going to happen, or is it the M that is still not<BR>| st= rong enough?<BR>|<BR>| Okay, now I feel a bit better after venting. = Thank you all!<BR>|<BR>|<BR>| Mike Niemotka , PE<BR>| Sr. Principal Engi= neer<BR>| Baxter Healthcare Corporation<BR>| Route 120 & Wilson Road<= BR>| Round Lake, IL 60073<BR>| Tel (847) 270-4075<BR>| Fax (847) 270-4525= <BR>| michael_niemotka@baxter.com<BR>|<BR>|<BR>|<BR>| &n= bsp; &nb= sp; "Edward W. Gjertsen<BR>| &nb= sp; &nbs= p; II" &= nbsp; &n= bsp; To:<BR>canslim@lists.xmission.co= m<BR>| &= nbsp; <ed@macktracks.c= om> cc:<BR= >|  = ; Sent by: &nb= sp; &nbs= p; Subject: R= E:<BR>[CANSLIM] CSTR<BR>| = = owner-canslim@lists.xm<BR>| &nbs= p;  = ; ission.com<BR>|<BR>|<BR>| &nbs= p;  = ; 08/27/2002 10:09 AM<BR>|  = ; = Please respond to<BR>| &n= bsp; ca= nslim<BR>|<BR>|<BR>|<BR>|<BR>|<BR>|<BR>| Dear Mike<BR>|<BR>| CSTR was a f= avorite of many Canslimers - with the problems we faced with<BR>| buying = CVH recently (too many chasing too few) we are seeing similar<BR>| result= s, which unfortunately are on the downside. You mentioned that<BR>|= you got into the office late. Remember - there are people who do t= his<BR>| for a living with millions at stake. A slight smell of wea= kness and<BR>| they may sell some of their position to take some risk off= the table -<BR>| selling begets selling and before you know it CSTR is d= own over 20%. We<BR>| have been in this situation several times bef= ore - and sold quickly -<BR>| and yes much to our chagrin - some stocks c= ame roaring back - but in<BR>| other cases the stock kept declining. = ; Throw out your ego - sell - and<BR>| if CSTR sets up again look at buyi= ng it. I don't want to get too deep<BR>| into wash sale rules, but = you can't take and loss on CSTR if you buy it<BR>| back within 30 days.&n= bsp; Good luck<BR>|<BR>| Ed Gjertsen II<BR>| ed@macktracks.com<BR>|<BR>| = - -----Original Message-----<BR>| From: owner-canslim@lists.xmission.com<BR= >| [mailto:owner-canslim@lists.xmission.com] On Behalf Of<BR>| michael_ni= emotka@baxter.com<BR>| Sent: Tuesday, August 27, 2002 9:25 AM<BR>| To: ca= nslim@lists.xmission.com<BR>| Subject: [CANSLIM] CSTR<BR>|<BR>| Does anyo= ne know what is going on with this stock? Got in late to the<BR>| o= ffice today and it is down 18%!!!<BR>|<BR>| I know we are supposed to sel= l at 7-8%, but now do I sell anyway, or<BR>| wait<BR>| it out to see if t= he day may turn a bit?<BR>|<BR>| Thanks<BR>|<BR>| Mike Niemotka , PE<BR>|= Sr. Principal Engineer<BR>| Baxter Healthcare Corporation<BR>| Route 120= & Wilson Road<BR>| Round Lake, IL 60073<BR>| Tel (847) 270-4075<BR>|= Fax (847) 270-4525<BR>| michael_niemotka@baxter.com<BR>|<BR>|<BR>|<BR>| = - -<BR>| -To subscribe/unsubscribe, email "majordomo@xmission.com"<BR>| -In= the email body, write "subscribe canslim" or<BR>| -"unsubscribe canslim"= . Do not use quotes in your email.<BR>|<BR>|<BR>| -<BR>| -To subscr= ibe/unsubscribe, email "majordomo@xmission.com"<BR>| -In the email body, = write "subscribe canslim" or<BR>| -"unsubscribe canslim". Do not us= e quotes in your email.<BR>|<BR>|<BR>|<BR>|<BR>|<BR>|<BR>|<BR>| -<BR>| -T= o subscribe/unsubscribe, email "majordomo@xmission.com"<BR>| -In the emai= l body, write "subscribe canslim" or<BR>| -"unsubscribe canslim". D= o not use quotes in your email.<BR><BR><BR>-<BR>-To subscribe/unsubscribe= , email "majordomo@xmission.com"<BR>-In the email body, write "subscribe = canslim" or<BR>-"unsubscribe canslim". Do not use quotes in your em= ail.<BR><BR><BR>-<BR>-To subscribe/unsubscribe, email "majordomo@xmission= .com"<BR>-In the email body, write "subscribe canslim" or<BR>-"unsubscrib= e canslim". Do not use quotes in your email.<BR></BLOCKQUOTE></BODY= ></HTML> - ------=_NextPart_001_0000_01C24DC0.280E98A0-- - - - -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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