Go to Jeff Salisbury LWGate Home Page.From: "Winston Little" <wlittle1@peoplepc.com>
Subject: Re: [CANSLIM] CSTR
Date: Tue, 27 Aug 2002 16:24:28 -0400
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Top of Thread: Re: [CANSLIM] CSTR michael_niemotka@baxter.com
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Mike:
As WMT moves more and more into grocery sales in both their main stores =
and Sam's clubs, there is severe pressure on the old established grocery =
chains.
I have not seen CSTR machines at WMT locations.
A 9% fee would also not fit with the WMT mission, perhaps 1% would be =
more like it.=20
7-11? A possibility, but would they get the traffic to support the =
machines?
I am less upbeat on the CSTR business concept than most others... but I =
also feel that way about SBUX and KKD.
----- Original Message -----=20
From: Kelly Short=20
To: canslim@lists.xmission.com=20
Sent: Tuesday, August 27, 2002 4:01 PM
Subject: RE: [CANSLIM] CSTR
Winston,
Do you think it would be difficult for CSTR to replace these outlets =
with new ones? Wouldn't Walmart, 7-Eleven, and other grocery stores be =
good locations?
Kelly
-----Original Message-----
From: Winston Little [mailto:wlittle1@peoplepc.com]
Sent: Tuesday, August 27, 2002 3:00 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] CSTR
Mike:
My understanding is that CSTR machines were located primarily in =
Kroger, Albertson and Safeway stores.
Nationwide, these chains have 3600+2400+1770 =3D 7700 locations.
There are 9300 CSTR outlets currently, and promises of installing an =
additional 800 in a year.
However, it so happens that the three named chains have been closing =
outlets faster than snowflakes melting on a summer's day.
Thus the CSTR installation has been shrinking as the stores close, =
so fewer places to pay 9% for someone to count your money.
----- Original Message -----=20
From: Mike Gibbons=20
To: canslim@lists.xmission.com=20
Sent: Tuesday, August 27, 2002 3:35 PM
Subject: RE: [CANSLIM] CSTR
Does anyone know what "market saturation" is?
I'm somewhat gratified by the several comments about the strength =
of CSTR's chart, because my own algorithm had rated it top of about 50 =
CwH patterns yesterday. It would have been better with less volatility =
and less volume in the handle, but no stock's perfect.
Aloha,
Mike Gibbons
Proactive Technologies, LLC
http://www.proactech.com
-----Original Message-----
From: owner-canslim@lists.xmission.com =
[mailto:owner-canslim@lists.xmission.com]On Behalf Of NANCY POLCARO
Sent: Tuesday, August 27, 2002 8:52 AM
To: canslim
Subject: Re: [CANSLIM] CSTR
cnbc said it was caused by market saturation.=20
----- Original Message -----
From: David Taggart
Sent: Tuesday, August 27, 2002 9:08 AM
To: canslim@lists.xmission.com
Subject: RE: [CANSLIM] CSTR
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 roll
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 charged
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, 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%. 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.
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<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
<HTML><HEAD>
<META http-equiv=3DContent-Type content=3D"text/html; =
charset=3Diso-8859-1">
<META content=3D"MSHTML 6.00.2600.0" name=3DGENERATOR>
<STYLE></STYLE>
</HEAD>
<BODY=20
style=3D"BORDER-RIGHT: medium none; BORDER-TOP: medium none; FONT: 10pt =
verdana; BORDER-LEFT: medium none; BORDER-BOTTOM: medium none"=20
bgColor=3D#ffffff>
<DIV><FONT face=3D"Times New Roman">Mike:</FONT></DIV>
<DIV><FONT face=3D"Times New Roman">As WMT moves more and more into =
grocery sales=20
in both their main stores and Sam's clubs, there is severe pressure on =
the old=20
established grocery chains.</FONT></DIV>
<DIV><FONT face=3D"Times New Roman">I have not seen CSTR machines at WMT =
locations.</FONT></DIV>
<DIV><FONT face=3D"Times New Roman">A 9% fee would also not fit with the =
WMT=20
mission, perhaps 1% would be more like it. </FONT></DIV>
<DIV><FONT face=3D"Times New Roman"></FONT> </DIV>
<DIV><FONT face=3D"Times New Roman">7-11? A possibility, but would they =
get the=20
traffic to support the machines?</FONT></DIV>
<DIV><FONT face=3D"Times New Roman">I am less upbeat on the CSTR =
business concept=20
than most others... but I also feel that way about SBUX and =
KKD.</FONT></DIV>
<DIV><FONT face=3D"Times New Roman"></FONT> </DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Dkelly.short@tx.us.neoris.com=20
href=3D"mailto:kelly.short@tx.us.neoris.com">Kelly Short</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Tuesday, August 27, 2002 =
4:01=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> RE: [CANSLIM] =
CSTR</DIV>
<DIV><BR></DIV>
<DIV><SPAN class=3D214160020-27082002><FONT=20
face=3Dverdana>Winston,</FONT></SPAN></DIV>
<DIV><SPAN class=3D214160020-27082002></SPAN> </DIV>
<DIV><SPAN class=3D214160020-27082002><FONT face=3Dverdana>Do you =
think it would=20
be difficult for CSTR to replace these outlets with new ones? Wouldn't =
Walmart, 7-Eleven, and other grocery stores be good=20
locations?</FONT></SPAN></DIV>
<DIV><SPAN class=3D214160020-27082002></SPAN> </DIV>
<DIV><SPAN class=3D214160020-27082002><FONT=20
face=3Dverdana>Kelly</FONT></SPAN></DIV>
<DIV><SPAN class=3D214160020-27082002></SPAN> </DIV>
<BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
<DIV class=3DOutlookMessageHeader dir=3Dltr align=3Dleft><FONT=20
face=3DTahoma>-----Original Message-----<BR><B>From:</B> Winston =
Little=20
[mailto:wlittle1@peoplepc.com]<BR><B>Sent:</B> Tuesday, August 27, =
2002 3:00=20
PM<BR><B>To:</B> <A=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
<BR><B>Subject:</B>=20
Re: [CANSLIM] CSTR<BR><BR></FONT></DIV>
<DIV><FONT face=3D"Times New Roman">Mike:</FONT></DIV>
<DIV><FONT face=3D"Times New Roman"></FONT> </DIV>
<DIV><FONT face=3D"Times New Roman">My understanding is that CSTR =
machines=20
were located primarily in Kroger, Albertson and Safeway =
stores.</FONT></DIV>
<DIV><FONT face=3D"Times New Roman">Nationwide, these chains =
have =20
3600+2400+1770 =3D 7700 locations.</FONT></DIV>
<DIV><FONT face=3D"Times New Roman">There are 9300 CSTR outlets =
currently, and=20
promises of installing an additional 800 in a year.</FONT></DIV>
<DIV><FONT face=3D"Times New Roman">However, it so happens that the =
three=20
named chains have been closing outlets faster than snowflakes =
melting on a=20
summer's day.</FONT></DIV>
<DIV><FONT face=3D"Times New Roman">Thus the CSTR installation has =
been=20
shrinking as the stores close, so fewer places to pay 9% for someone =
to=20
count your money.</FONT></DIV>
<DIV> </DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- =
</DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Dmikegibbons@proactech.com=20
href=3D"mailto:mikegibbons@proactech.com">Mike Gibbons</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Tuesday, August 27, =
2002 3:35=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> RE: [CANSLIM] =
CSTR</DIV>
<DIV><BR></DIV>
<DIV><SPAN class=3D120400119-27082002><FONT face=3DTahoma =
color=3D#000080>Does=20
anyone know what "market saturation" is?</FONT></SPAN></DIV>
<DIV><SPAN class=3D120400119-27082002><FONT face=3DTahoma=20
color=3D#000080></FONT></SPAN> </DIV>
<DIV><SPAN class=3D120400119-27082002><FONT face=3DTahoma =
color=3D#000080>I'm=20
somewhat gratified by the several comments about the strength of =
CSTR's=20
chart, because my own algorithm had rated it top of about 50 CwH =
patterns=20
yesterday. It would have been better with less volatility and less =
volume=20
in the handle, but no stock's perfect.</FONT></SPAN></DIV>
<DIV><SPAN class=3D120400119-27082002><FONT face=3DTahoma=20
color=3D#000080></FONT></SPAN> </DIV>
<DIV><SPAN class=3D120400119-27082002></SPAN><FONT face=3DTahoma=20
color=3D#000080>Aloha,</FONT></DIV>
<DIV><FONT face=3DTahoma color=3D#000080></FONT> </DIV>
<DIV><FONT face=3DTahoma color=3D#000080>Mike Gibbons</FONT></DIV>
<DIV><FONT face=3DTahoma color=3D#000080>Proactive Technologies,=20
LLC</FONT></DIV>
<DIV><FONT face=3DTahoma =
color=3D#000080>http://www.proactech.com</FONT></DIV>
<BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
<DIV class=3DOutlookMessageHeader dir=3Dltr align=3Dleft><FONT=20
face=3DTahoma>-----Original Message-----<BR><B>From:</B>=20
owner-canslim@lists.xmission.com=20
[mailto:owner-canslim@lists.xmission.com]<B>On Behalf Of =
</B>NANCY=20
POLCARO<BR><B>Sent:</B> Tuesday, August 27, 2002 8:52 =
AM<BR><B>To:</B>=20
canslim<BR><B>Subject:</B> Re: [CANSLIM] =
CSTR<BR><BR></FONT></DIV>
<DIV>cnbc said it was caused by market =
saturation. </DIV>
<DIV> </DIV>
<BLOCKQUOTE=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: =
5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt Arial">----- Original Message =
- -----</DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt Arial; COLOR: =
black"><B>From:</B>=20
David Taggart</DIV>
<DIV style=3D"FONT: 10pt Arial"><B>Sent:</B> Tuesday, August =
27, 2002=20
9:08 AM</DIV>
<DIV style=3D"FONT: 10pt Arial"><B>To:</B>=20
canslim@lists.xmission.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=20
and just fill them up as<BR>I go (except for the pennies which =
go in a=20
bucket in my closet) Once a roll<BR>is filled I then use it to =
buy=20
gas. The gas station people never seem to<BR>mind =
getting a $10=20
quarter roll or a $2 nickel roll. It works for =
me<BR>because=20
like you I will never haul my change to the store only to be=20
charged<BR>for it.<BR><BR>Happy Trading,<BR>David=20
Taggart<BR><BR>-----Original Message-----<BR>From:=20
=
owner-canslim@lists.xmission.com<BR>[mailto:owner-canslim@lists.xmission.=
com]On=20
Behalf Of Katherine Malm<BR>Sent: Tuesday, August 27, 2002 =
9:51=20
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=20
good as it gets in a market like this--A<BR>handle 8/1 to =
8/14,=20
breakout 8/15 on volume, an orderly pullback to the<BR>pivot =
since=20
then. I'd be hard pressed to fault the technicals unless =
you<BR>want=20
to argue the somewhat light volume on the right side of the =
cup,=20
which<BR>I won't, because it's insignificant in my =
mind.<BR><BR>There=20
are a couple of things that kept me away from CSTR---high debt =
load<BR>(though they've been restructuring debt recently, so =
they stay=20
in my sights<BR>in the meantime) and low ROE of 5% (primarily =
because=20
they only turned EPS<BR>positive in the last 4 quarters). =
Given the=20
market is on shaky ground, I'd<BR>rather sit back and watch =
the=20
behavior of the stock than to dive<BR>in....preferring to =
stalk the=20
trade on other stocks which are fundamentally<BR>stronger, but =
not yet=20
finished with their bases. I also like to sit back =
and<BR>watch most=20
of the early stocks out of the gate after a follow-through =
and<BR>see=20
how they're acting, CSTR included.<BR><BR>I've often scratched =
my head=20
at the business model.....seemed crazy that you<BR>would *pay* =
to=20
count your change and be happy to receive some crisp =
dollar<BR>bills=20
and a few store coupons for the "privilege." But I understand=20
they're<BR>appealing to a part of the population that is =
primarily=20
cash-based and not<BR>to those of us who've forgotten what it =
looks=20
like and instead use our ATM<BR>card for everything. Recently, =
however, I've had a greater appreciation for<BR>their =
"service" as my=20
bank has stopped waiving their coin counting fees<BR>after =
doing so=20
for, well, forever.... We've always kept a "change can" =
and<BR>dumped=20
our change each day. When it's full, it's about $200....I'd =
make=20
my<BR>ritual trek to the bank to have them count it out, then =
that=20
evening we<BR>would go out for a pricey dinner, something we =
rarely=20
do. Now that they're<BR>charging, however, the CSTR kiosks =
become an=20
alternative. Personally, I'm<BR>too cheap to pay *anybody* to =
count my=20
money for me, so I won't be using the<BR>bank *or* CSTR...but =
I'll bet=20
you there are many folks who would consider<BR>it. The blurb I =
saw on=20
the OffWallStreet report mentioned something =
about<BR>"saturation."=20
Though I haven't seen the report and know nothing more =
than<BR>this, I=20
have only one thought when I hear something like that in the=20
same<BR>breath as =
CSTR----Starbucks.<BR><BR>Katherine<BR><BR><BR>-----=20
Original Message -----<BR>From:=20
<michael_niemotka@baxter.com><BR>To:=20
<canslim@lists.xmission.com><BR>Sent: Tuesday, August =
27, 2002=20
10:22 AM<BR>Subject: RE: [CANSLIM] CSTR<BR><BR><BR>|<BR>| I =
appreciate=20
all the advice that I have gotten. It is when stuff=20
like<BR>this<BR>| happens that makes me question a trading=20
"method". I'm sure if CSTR stays<BR>| down, it will only =
be a=20
matter of time before I see and IBD write up using<BR>| their =
famous=20
20-20 hindsight to show why it was destined to fall. =
Does<BR>|=20
anyone else see anything in the price volume action that would =
lead=20
them<BR>to<BR>| believe that this was going to happen, or is =
it the M=20
that is still not<BR>| strong enough?<BR>|<BR>| Okay, now I =
feel a bit=20
better after venting. Thank you all!<BR>|<BR>|<BR>| Mike =
Niemotka , PE<BR>| Sr. Principal Engineer<BR>| Baxter =
Healthcare=20
Corporation<BR>| Route 120 & Wilson Road<BR>| Round Lake, =
IL=20
60073<BR>| Tel (847) 270-4075<BR>| Fax (847) 270-4525<BR>|=20
=
michael_niemotka@baxter.com<BR>|<BR>|<BR>|<BR>| &n=
bsp; &nb=
sp; =20
"Edward W.=20
=
Gjertsen<BR>| =
=20
=
II" &nbs=
p;  =
; =20
=
To:<BR>canslim@lists.xmission.com<BR>|  =
; =
=20
=
<ed@macktracks.com> =
=20
=
cc:<BR>|  =
; =20
Sent=20
=
by: &nbs=
p; =20
Subject: RE:<BR>[CANSLIM]=20
=
CSTR<BR>| &nbs=
p; =20
=
owner-canslim@lists.xm<BR>| &nbs=
p;  =
;=20
=
ission.com<BR>|<BR>|<BR>| =
=
08/27/2002 10:09=20
=
AM<BR>| =
=20
Please respond=20
=
to<BR>| =
=20
canslim<BR>|<BR>|<BR>|<BR>|<BR>|<BR>|<BR>| Dear Mike<BR>|<BR>| =
CSTR=20
was a favorite of many Canslimers - with the problems we faced =
with<BR>| buying CVH recently (too many chasing too few) we =
are seeing=20
similar<BR>| results, which unfortunately are on the =
downside. =20
You mentioned that<BR>| you got into the office late. =
Remember -=20
there are people who do this<BR>| for a living with millions =
at=20
stake. A slight smell of weakness and<BR>| they may sell =
some of=20
their position to take some risk off the table -<BR>| selling =
begets=20
selling and before you know it CSTR is down over 20%. =
We<BR>|=20
have been in this situation several times before - and sold =
quickly=20
-<BR>| and yes much to our chagrin - some stocks came roaring =
back -=20
but in<BR>| other cases the stock kept declining. Throw =
out your=20
ego - sell - and<BR>| if CSTR sets up again look at buying =
it. I=20
don't want to get too deep<BR>| into wash sale rules, but you =
can't=20
take and loss on CSTR if you buy it<BR>| back within 30 =
days. =20
Good luck<BR>|<BR>| Ed Gjertsen II<BR>| =
ed@macktracks.com<BR>|<BR>|=20
-----Original Message-----<BR>| From:=20
owner-canslim@lists.xmission.com<BR>|=20
[mailto:owner-canslim@lists.xmission.com] On Behalf Of<BR>|=20
michael_niemotka@baxter.com<BR>| Sent: Tuesday, August 27, =
2002 9:25=20
AM<BR>| To: canslim@lists.xmission.com<BR>| Subject: [CANSLIM] =
CSTR<BR>|<BR>| Does anyone know what is going on with this=20
stock? Got in late to the<BR>| office today and it is =
down=20
18%!!!<BR>|<BR>| I know we are supposed to sell at 7-8%, but =
now do I=20
sell anyway, or<BR>| wait<BR>| it out to see if the day may =
turn a=20
bit?<BR>|<BR>| Thanks<BR>|<BR>| Mike Niemotka , PE<BR>| Sr. =
Principal=20
Engineer<BR>| Baxter Healthcare Corporation<BR>| Route 120 =
&=20
Wilson Road<BR>| Round Lake, IL 60073<BR>| Tel (847) =
270-4075<BR>| Fax=20
(847) 270-4525<BR>| =
michael_niemotka@baxter.com<BR>|<BR>|<BR>|<BR>|=20
-<BR>| -To subscribe/unsubscribe, email =
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-In the email body, write "subscribe canslim" or<BR>| =
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