Go to Jeff Salisbury LWGate Home Page.From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] CSTR
Date: Tue, 27 Aug 2002 22:32:09 -0400
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market saturation, in this case (and Starbucks) would be where locations =
are getting so numerous that the new facilities begin to cannibalize the =
existing ones. If the existing ones are overwhelmed with demand beyond =
capacity, that may be ok, but if not it's really bad.=20
- ----- 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 6.00.2719.2200" 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=3DArial size=3D3>market saturation, in this case (and =
Starbucks)=20
would be where locations are getting so numerous that the new facilities =
begin=20
to cannibalize the existing ones. If the existing ones are overwhelmed =
with=20
demand beyond capacity, that may be ok, but if not it's really bad.=20
</FONT></DIV>
<DIV> </DIV>
<DIV style=3D"FONT: 10pt arial">----- Original Message -----=20
<DIV style=3D"BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> <A=20
title=3Dmikegibbons@proactech.com =
href=3D"mailto:mikegibbons@proactech.com">Mike=20
Gibbons</A> </DIV>
<DIV><B>To:</B> <A title=3Dcanslim@lists.xmission.com=20
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
</DIV>
<DIV><B>Sent:</B> Tuesday, August 27, 2002 3:35 PM</DIV>
<DIV><B>Subject:</B> RE: [CANSLIM] CSTR</DIV></DIV>
<DIV><BR></DIV>
<DIV><SPAN class=3D120400119-27082002><FONT face=3DTahoma =
color=3D#000080>Does anyone=20
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 somewhat=20
gratified by the several comments about the strength of CSTR's chart, =
because my=20
own algorithm had rated it top of about 50 CwH patterns yesterday. It =
would have=20
been better with less volatility and less volume in the handle, but no =
stock's=20
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, =
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> =
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 9:08=20
AM</DIV>
<DIV style=3D"FONT: 10pt Arial"><B>To:</B> =
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 =
and just=20
fill them up as<BR>I go (except for the pennies which go in a bucket =
in my=20
closet) Once a roll<BR>is filled I then use it to buy gas. The =
gas=20
station people never seem to<BR>mind getting a $10 quarter roll or a =
$2=20
nickel roll. It works for me<BR>because like you I will never =
haul my=20
change to the store only to be charged<BR>for it.<BR><BR>Happy=20
Trading,<BR>David Taggart<BR><BR>-----Original Message-----<BR>From: =
=
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 =
AM<BR>To:=20
canslim@lists.xmission.com<BR>Subject: Re: [CANSLIM] =
CSTR<BR><BR><BR>Hi=20
Mike,<BR><BR>Technically, this chart is about as good as it gets in =
a market=20
like this--A<BR>handle 8/1 to 8/14, breakout 8/15 on volume, an =
orderly=20
pullback to the<BR>pivot since then. I'd be hard pressed to fault =
the=20
technicals unless you<BR>want to argue the somewhat light volume on =
the=20
right side of the cup, which<BR>I won't, because it's insignificant =
in my=20
mind.<BR><BR>There are a couple of things that kept me away from =
CSTR---high=20
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 they=20
only turned EPS<BR>positive in the last 4 quarters). Given the =
market is on=20
shaky ground, I'd<BR>rather sit back and watch the behavior of the =
stock=20
than to dive<BR>in....preferring to stalk the trade on other stocks =
which=20
are fundamentally<BR>stronger, but not yet finished with their =
bases. I also=20
like to sit back and<BR>watch most of the early stocks out of the =
gate after=20
a follow-through and<BR>see how they're acting, CSTR =
included.<BR><BR>I've=20
often scratched my head at the business model.....seemed crazy that=20
you<BR>would *pay* to count your change and be happy to receive some =
crisp=20
dollar<BR>bills and a few store coupons for the "privilege." But I=20
understand they're<BR>appealing to a part of the population that is=20
primarily cash-based and not<BR>to those of us who've forgotten what =
it=20
looks like and instead use our ATM<BR>card for everything. Recently, =
however, I've had a greater appreciation for<BR>their "service" as =
my bank=20
has stopped waiving their coin counting fees<BR>after doing so for, =
well,=20
forever.... We've always kept a "change can" and<BR>dumped our =
change each=20
day. When it's full, it's about $200....I'd make my<BR>ritual trek =
to the=20
bank to have them count it out, then that evening we<BR>would go out =
for a=20
pricey dinner, something we rarely do. Now that they're<BR>charging, =
however, the CSTR kiosks become an alternative. Personally, =
I'm<BR>too cheap=20
to pay *anybody* to count my money for me, so I won't be using =
the<BR>bank=20
*or* CSTR...but I'll bet you there are many folks who would =
consider<BR>it.=20
The blurb I saw on the OffWallStreet report mentioned something=20
about<BR>"saturation." Though I haven't seen the report and know =
nothing=20
more than<BR>this, I have only one thought when I hear something =
like that=20
in the same<BR>breath as=20
CSTR----Starbucks.<BR><BR>Katherine<BR><BR><BR>----- Original =
Message=20
-----<BR>From: <michael_niemotka@baxter.com><BR>To:=20
<canslim@lists.xmission.com><BR>Sent: Tuesday, August 27, 2002 =
10:22=20
AM<BR>Subject: RE: [CANSLIM] CSTR<BR><BR><BR>|<BR>| I appreciate all =
the=20
advice that I have gotten. It is when stuff like<BR>this<BR>| =
happens=20
that makes me question a trading "method". I'm sure if CSTR =
stays<BR>|=20
down, it will only be a matter of time before I see and IBD write up =
using<BR>| their famous 20-20 hindsight to show why it was destined =
to=20
fall. Does<BR>| anyone else see anything in the price volume =
action=20
that would lead them<BR>to<BR>| believe that this was going to =
happen, or is=20
it the M that is still not<BR>| strong enough?<BR>|<BR>| Okay, now I =
feel a=20
bit better after venting. Thank you all!<BR>|<BR>|<BR>| Mike =
Niemotka=20
, PE<BR>| Sr. Principal Engineer<BR>| Baxter Healthcare =
Corporation<BR>|=20
Route 120 & Wilson Road<BR>| Round Lake, IL 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 =
was a=20
favorite of many Canslimers - with the problems we faced with<BR>| =
buying=20
CVH recently (too many chasing too few) we are seeing similar<BR>| =
results,=20
which unfortunately are on the downside. You mentioned =
that<BR>| you=20
got into the office late. Remember - there are people who do =
this<BR>|=20
for a living with millions at stake. A slight smell of =
weakness=20
and<BR>| they may sell some of their position to take some risk off =
the=20
table -<BR>| selling begets selling and before you know it CSTR is =
down over=20
20%. We<BR>| have been in this situation several times before =
- - and=20
sold quickly -<BR>| and yes much to our chagrin - some stocks came =
roaring=20
back - but in<BR>| other cases the stock kept declining. Throw =
out=20
your 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 =
take and=20
loss on CSTR if you buy it<BR>| back within 30 days. Good=20
luck<BR>|<BR>| Ed Gjertsen II<BR>| ed@macktracks.com<BR>|<BR>| =
- -----Original=20
Message-----<BR>| From: 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 =
AM<BR>|=20
To: canslim@lists.xmission.com<BR>| Subject: [CANSLIM] =
CSTR<BR>|<BR>| Does=20
anyone know what is going on with this stock? Got in late to =
the<BR>|=20
office today and it is down 18%!!!<BR>|<BR>| I know we are supposed =
to sell=20
at 7-8%, but now do I sell anyway, or<BR>| wait<BR>| it out to see =
if the=20
day may turn a bit?<BR>|<BR>| Thanks<BR>|<BR>| Mike Niemotka , =
PE<BR>| Sr.=20
Principal Engineer<BR>| Baxter Healthcare Corporation<BR>| Route 120 =
&=20
Wilson Road<BR>| Round Lake, IL 60073<BR>| Tel (847) 270-4075<BR>| =
Fax (847)=20
270-4525<BR>| michael_niemotka@baxter.com<BR>|<BR>|<BR>|<BR>| -<BR>| =
- -To=20
subscribe/unsubscribe, email "majordomo@xmission.com"<BR>| -In the =
email=20
body, write "subscribe canslim" or<BR>| -"unsubscribe =
canslim". Do not=20
use quotes in your email.<BR>|<BR>|<BR>| -<BR>| -To =
subscribe/unsubscribe,=20
email "majordomo@xmission.com"<BR>| -In the email body, write =
"subscribe=20
canslim" or<BR>| -"unsubscribe canslim". Do not use quotes in =
your=20
email.<BR>|<BR>|<BR>|<BR>|<BR>|<BR>|<BR>|<BR>| -<BR>| -To=20
subscribe/unsubscribe, email "majordomo@xmission.com"<BR>| -In the =
email=20
body, write "subscribe canslim" or<BR>| -"unsubscribe =
canslim". Do not=20
use quotes in your email.<BR><BR><BR>-<BR>-To subscribe/unsubscribe, =
email=20
"majordomo@xmission.com"<BR>-In the email body, write "subscribe =
canslim"=20
or<BR>-"unsubscribe canslim". Do not use quotes in your=20
email.<BR><BR><BR>-<BR>-To subscribe/unsubscribe, email=20
"majordomo@xmission.com"<BR>-In the email body, write "subscribe =
canslim"=20
or<BR>-"unsubscribe canslim". Do not use quotes in your=20
email.<BR></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
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- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim". Do not use quotes in your email.
Next Article (by Subject): [CANSLIM] Selling - its hard! "Edward W. Gjertsen II"
Previous Article (by Subject): Re: [CANSLIM] CSTR "Tom Worley"
Top of Thread: Re: [CANSLIM] CSTR "Norman"
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