Re: [CANSLIM] CSTR

From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] CSTR
Date: Tue, 27 Aug 2002 22:16:01 -0400

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I think the handle is fine, well into the upper half of the cup. Volume
declined ok, b/o on 8/15 on more than 3X ADV.

Where I would fault it is on revenues, which over the past 4 quarters do not
show me the kind of consistent growth to justify either the growth in
earnings, or the high PE, although if you believe the projected earnings (I
don't) then the projected PE is more moderate.

I see this as a business that will best thrive when the economy falters to
the point that everyone is taking their jars of pocket change, and having it
counted, because they need a little "nest egg".

- ----- Original Message -----
From: "Patrick Wahl" <pjwahl@attbi.com>
To: <canslim@lists.xmission.com>
Sent: Tuesday, August 27, 2002 11:49 AM
Subject: RE: [CANSLIM] CSTR

Maybe that the handle formed part way up the right side of the cup was a
warning
sign?  I'm assuming you would have bought a breakout at that level.  When
this was
originally mentioned here, I looked at it and thought it was such an odd
little niche
business that it probably had limited growth potential.  (doesn't mean it
could not
have moved on up a bit)

On 27 Aug 2002 at 10:22, michael_niemotka@baxter.com wrote:

> 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?

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