Re: [CANSLIM] CSTR

From: "david frank" <camelot.homes@charter.net>
Subject: Re: [CANSLIM] CSTR
Date: Tue, 27 Aug 2002 15:22:37 -0500
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The institutions are getting out of CSTR. Just traded 450,000 shares in 1
trade. CSTR has traded over 6 million shares today. average is 271,000. That
is king-size distribution. dave
- ----- Original Message -----
From: "david frank" <camelot.homes@charter.net>
To: <canslim@lists.xmission.com>
Sent: Tuesday, August 27, 2002 3:09 PM
Subject: Re: [CANSLIM] CSTR


> Ian, what did you see in CSTR as a short sale, technically speaking; don't
> see a H&S top, or 2-3 down shoulders, perhaps, a double top? Did you sell
> short during the pre-market or regular hours. Nice trade. dave
> ----- Original Message -----
> From: "Ian" <ianstm@shaw.ca>
> To: <canslim@lists.xmission.com>
> Sent: Tuesday, August 27, 2002 2:44 PM
> Subject: Re: [CANSLIM] CSTR
>
>
> > Mike:
> >
> > If it makes you feel better - I was looking for chart weakness so that I
> > could intitate another short position - and I hadn't found any weakness
> > before today. I would say that technically, the stock has behaved
> extremely
> > strongly up until today - strong enough to scare me away from shorting
it.
> > Just my 2 cents.
> >
> > Ian
> >
> >
> > ----- Original Message -----
> > From: <michael_niemotka@baxter.com>
> > To: <canslim@lists.xmission.com>
> > Sent: Tuesday, August 27, 2002 8:22 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%.
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
> > >
> > >
> > >
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