Re: [CANSLIM] CSTR

From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] CSTR
Date: Wed, 28 Aug 2002 07:26:15 -0400
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one of the problems I have with analysts is that they don't put all their
cards on the table where we can see them. You don't know what their "hidden
agenda" is, or where their interests lie.  Certainly recent legal action has
shown us that they can tout stocks to the public, while trashing them within
their own organization. And we have also seen that they can continue to
recommend stocks like Enron all the way into bankruptcy.

Yes, they very definitely can have an impact if they have a following, or
work for a brokerage house with a sufficiently sized retail force. Nothing
wrong in listening to an analyst (if you don't mind your mind and thinking
process being potentially polluted and corrupted), but take what they say
and apply simply common sense and logic to it. Ultimately, let the chart and
the fundamentals steer your decision making however, not what some analyst
is saying. Far too often what they say today only lasts today, by tomorrow
they may say something totally contradictory.

The charts are fact, an analyst's report is an opinion.

- ----- Original Message -----
From: "Norman" <theboyd@tisd.net>
To: <canslim@lists.xmission.com>
Sent: Wednesday, August 28, 2002 7:16 AM
Subject: Re: [CANSLIM] CSTR


Bill et al,

RE the comments on a sell off of CSTR due to a "sell report".  How come
'everyone else' is apparently listening to analysts while us CAN SLIMers are
supposed to ignore them as irrelevant?  This has always puzzled me.  Or, can
this "Off Wall Street" be considered one of the analysts to be ignored; or
are they some other kind of M animal?  Sure seems like analysts have an
impact, time and again, even though WON says to disregard their advice.

Norm

- ----- Original Message -----
From: "Bill Triffet" <btriffet@earthlink.net>
To: <canslim@lists.xmission.com>
Sent: Tuesday, August 27, 2002 11:29 PM
Subject: Re: [CANSLIM] CSTR


> Just to add - IBD mentioned tonight, A sell report from Off Wall Street
> Consulting Group caused the selloff.
>
> Taken from another site: "Off Wall Street, based in Cambridge,
> Massachusetts, declined to confirm it had issued a report and said its
> research is provided only to clients who pay for the service."
>
> That explains the lack of news during the day.
>
> -Bill
>
> ----- Original Message -----
> From: "Tom Worley" <stkguru@bellsouth.net>
> To: <canslim@lists.xmission.com>
> Sent: Tuesday, August 27, 2002 7:16 PM
> Subject: Re: [CANSLIM] CSTR
>
>
> > 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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