Re: [CANSLIM] CSTR

From: "Norman" <theboyd@tisd.net>
Subject: Re: [CANSLIM] CSTR
Date: Wed, 28 Aug 2002 06:32:32 -0500
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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?
> > >
> > >
> > >
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