RE: [CANSLIM] CSTR

From: "David Rubin" <daverubin@yahoo.com>
Subject: RE: [CANSLIM] CSTR
Date: Tue, 27 Aug 2002 16:22:02 -0400
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This topic has come up before. The consensus seems to be that you should
ignore intraday price swings when applying CANSLIM rules. I've been
kicked out of a stock in the morning only to watch it recover in the
afternoon and then never undercut the pivot again.

However, in the case of CSTR, clearly something is amiss, so it might be
an exception to the rule. The volume today was quite astounding.


- --
Dave 

> -----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 10:54 AM
> To: canslim@lists.xmission.com
> Subject: Re: [CANSLIM] CSTR
> 
> 
> 
> I know the rule...it REALLY sucks though when because you 
> cannot watch the
> markets every second, and a stock drops bottom like this you 
> are STUCK with
> a loss much bigger than the 8% max.  I had tried stop limit 
> orders before
> but was told that many times they don't help in a situation 
> like this if it
> drops very fast, and you have the added disadvantage of 
> "showing" you hand
> to the MM.
> 
> Time will tell!
> 
> 
> 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
> 
> 
>                                                               
>                                                               
>                     Norman                                    
>                                                               
>                     <theboyd@tisd.net>            To:     
> canslim@lists.xmission.com                                        
>                     Sent by:                      cc:         
>                                                               
>                     owner-canslim@lists.xm        Subject:    
>  Re: [CANSLIM] CSTR                                           
>                     ission.com                                
>                                                               
>                                                               
>                                                               
>                                                               
>                                                               
>                     08/27/2002 09:44 AM                       
>                                                               
>                     Please respond to                         
>                                                               
>                     canslim                                   
>                                                               
>                                                               
>                                                               
>                                                               
>                                                               
> 
> 
> 
> 
> It has dipped below the 8% rule.  CAN SLIM dictates you 
> should have already
> sold; if you're playing CAN SLIM.  If not, then good luck, 
> you're gonna
> need
> here.
> 
> Norm
> ----- Original Message -----
> From: <michael_niemotka@baxter.com>
> To: <canslim@lists.xmission.com>
> Sent: Tuesday, August 27, 2002 9:24 AM
> 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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