Go to Jeff Salisbury LWGate Home Page.From: michael_niemotka@baxter.com
Subject: Re: [CANSLIM] CSTR
Date: Wed, 28 Aug 2002 08:20:42 -0500
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Ian,
So when something starts to tank,and if you think it was going even lower,
you can still short it?
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
Ian <ianstm@shaw.ca>
Sent by: To: canslim@lists.xmission.com
owner-canslim@lists.xm cc:
ission.com Subject: Re: [CANSLIM] CSTR
08/27/2002 11:11 PM
Please respond to
canslim
Mike:
As far as I know, and my personal observations seem to have confirmed it,
there is no uptick rule on the NASDAQ. You can short at market if you like.
Ian
- ----- Original Message -----
From: <michael_niemotka@baxter.com>
To: <canslim@lists.xmission.com>
Sent: Tuesday, August 27, 2002 1:12 PM
Subject: Re: [CANSLIM] CSTR
>
> Question about selling short:
>
> From what I understand, you can only sell short on an uptick, but is it
> possible to put in a short sell order, that you hope gets done if the
stock
> has a single uptick on it's way down?
>
> 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
>
>
>
> "david frank"
> <camelot.homes@charter To:
canslim@lists.xmission.com
> .net> cc:
> Sent by: Subject: Re:
[CANSLIM] CSTR
> owner-canslim@lists.xm
> ission.com
>
>
> 08/27/2002 03:09 PM
> Please respond to
> canslim
>
>
>
>
>
>
> Ian, what did you see in CSTR as a short sale, technically speaking;
don't
> see a H&S top, or 2-3 down shoulders, perhaps, a double top? Did you sell
> short during the pre-market or regular hours. Nice trade. dave
> ----- Original Message -----
> From: "Ian" <ianstm@shaw.ca>
> To: <canslim@lists.xmission.com>
> Sent: Tuesday, August 27, 2002 2:44 PM
> Subject: Re: [CANSLIM] CSTR
>
>
> > Mike:
> >
> > If it makes you feel better - I was looking for chart weakness so that
I
> > could intitate another short position - and I hadn't found any weakness
> > before today. I would say that technically, the stock has behaved
> extremely
> > strongly up until today - strong enough to scare me away from shorting
> it.
> > Just my 2 cents.
> >
> > Ian
> >
> >
> > ----- Original Message -----
> > From: <michael_niemotka@baxter.com>
> > To: <canslim@lists.xmission.com>
> > Sent: Tuesday, August 27, 2002 8:22 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
> > >
> > >
> > >
> > > -
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Next Article (by Date): Re: [CANSLIM] CSTR "Alicia Lensing"
Previous Article (by Date): RE: [CANSLIM] CSTR "Cefaloni, John L Jr. [AMSTA-AR-WEA]"
Top of Thread: Re: [CANSLIM] CSTR "Norman"
Next in Thread: Re: [CANSLIM] CSTR "Alicia Lensing"
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