Go to Jeff Salisbury LWGate Home Page.From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] CSTR
Date: Wed, 28 Aug 2002 07:45:25 -0400
Previous Article (by Date): [CANSLIM] CSTR "Winston Little"
Top of Thread: Re: [CANSLIM] CSTR "Norman"
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the lesson to learn from CSTR is that s _ _ t happens, and sometimes you simply cannot see it coming, or avoid it. On the other hand, if the rumor of a report alleging "saturation" is correct, then your own due diligence might have drawn you to the same conclusion, and kept you out of the stock. As Katherine pointed out, SBUX has had to deal with this issue, so far successfully. Others have pointed out KKD as a saturation candidate, hasn't stopped it going up either over the past year. On the other hand, both SBUX and KKD now have charts that most CANSLIMers would avoid, with SBUX forming a handle in the lower half of the cup, and KKD in a downtrend. Maybe saturation is finally a concern that the market is starting to believe, or has finally become real. Compared to this, CSTR's chart looks pretty good. For me, their business simply never made sense, that's why I had no interest in it. I put my quarters in the piggy bank, and roll them myself when its full. I use my pennies, nickels and dimes when I buy something in order to get more quarters back, or only get paper bills. So I never accumulate large amounts of coins, and have a limited amount of coins jingling in my pocket each day (and yes, I will stoop over and pick up those pennies that others throw away, it may save me having to get more on a future purchase). - ----- Original Message ----- From: "Norman" <theboyd@tisd.net> To: <canslim@lists.xmission.com> Sent: Wednesday, August 28, 2002 7:32 AM Subject: Re: [CANSLIM] CSTR I agree Tom, too much unknown about what their agenda is. However, in the case of CSTR, the chart is too late to help a poor CAN SLIMer. I have been in and out of EASI in the past (pre-9/11) and found that a particular analyst kept killing rallies after short gains; no good reason other than he thought it was "overvalued". It almost seems that we need to know the analysts who are covering our holdings, know their history regarding those holdings, and read their reports, hopefully before everyone else does. I dunno, seems like a catch 22. Norm - ----- Original Message ----- From: "Tom Worley" <stkguru@bellsouth.net> To: <canslim@lists.xmission.com> Sent: Wednesday, August 28, 2002 6:26 AM Subject: Re: [CANSLIM] CSTR > 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? > > > > > > > > > > > > - > > > -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. > > - - - -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.
Previous Article (by Date): [CANSLIM] CSTR "Winston Little"
Top of Thread: Re: [CANSLIM] CSTR "Norman"
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