Go to Jeff Salisbury LWGate Home Page.From: Ian <ianstm@shaw.ca>
Subject: Re: [CANSLIM] CSTR
Date: Wed, 28 Aug 2002 20:52:14 -0700
Next Article (by Subject): Re: [CANSLIM] DOCC "Chas"
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Yes. Personally, I usually wait for some sort of intra-day bounce/plateau. But really big price tanks/collapses kind of scare me off - although I've never really looked to see if they are statistically likely to keep falling. Ian - ----- Original Message ----- From: <michael_niemotka@baxter.com> To: <canslim@lists.xmission.com> Sent: Wednesday, August 28, 2002 6:20 AM Subject: Re: [CANSLIM] CSTR > > 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 > > > > > > > > > > > > > > > > - > > > > -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. > > > > > > > > - > -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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