From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #2868 Reply-To: canslim Sender: owner-canslim-digest@lists.xmission.com Errors-To: owner-canslim-digest@lists.xmission.com Precedence: bulk Content-Transfer-Encoding: quoted-printable X-No-Archive: yes canslim-digest Tuesday, August 27 2002 Volume 02 : Number 2868 In this issue: Re: Volatility (was [CANSLIM] CSTR) Re: [CANSLIM] CSTR RE: [CANSLIM] CSTR RE: [CANSLIM] CSTR Re: [CANSLIM] 2 for fun Re: [CANSLIM] CSTR Re: [CANSLIM] CSTR Re: [CANSLIM] CSTR ---------------------------------------------------------------------- Date: Tue, 27 Aug 2002 11:08:39 -0500 From: "Katherine Malm" Subject: Re: Volatility (was [CANSLIM] CSTR) Just in case it comes up....here's a description of the ATR: http://stockcharts.com/education/What/IndicatorAnalysis/indic_ATR.html Katherine - ----- Original Message ----- From: "Norman" To: Sent: Tuesday, August 27, 2002 10:54 AM Subject: Re: Volatility (was [CANSLIM] CSTR) | Ed, | | Is this "daily range" analysis the same as ATR (avg true range) analysis? | | Before someone says this OT, it goes to the volatility that WON talks about | so often. | | Norm | ----- Original Message ----- | From: "Edward W. Gjertsen II" | To: | Sent: Tuesday, August 27, 2002 10:45 AM | Subject: RE: [CANSLIM] CSTR | | | > Michael, | > | > With the PE on CSTR in the mid 70's, there is risk. Even though WON | > doesn't really pay attention to PE, many do. Second, this is not the | > first time CSTR has fallen so quickly. One additional analysis we | > perform is to review charts form mini implosions. There have been many | > stocks we have passed over due to a volatile trading history. Stocks | > that have recent (6 months) daily ranges of greater than 10% carry | > additional risks for Canslimers. | > | > 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 10:22 AM | > To: canslim@lists.xmission.com | > 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 | > 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. ------------------------------ Date: Tue, 27 Aug 2002 09:12:14 -0700 (PDT) From: Marc Deiter Subject: Re: [CANSLIM] CSTR Mike, I'm in the same situation as you with CSTR and may be somewhat responsible for the drop. I found IBD/CANSLIM and this list last August and have learned a tremendous amount over the last year while not trading at all. CSTR was my first stock purchase in over a year - - the last two (prior to finding this list and CANSLIM) were Nortel (twice on the way down) and Global Crossing. I'm afraid I've brought my bad karma to the list :) Live and learn, Marc - --- michael_niemotka@baxter.com wrote: > > Katherine, > > Thanks for the analysis. It does make me feel a little better > knowing that > no one else saw it coming. > > And I hope you will drop the list an e-mail to let us know how the > waiter > at the pricey restaurant reacts when you pay for your dinner in > coins! > > Mike > > 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 > > > > > "Katherine Malm" > > To: > canslim@lists.xmission.com > Sent by: cc: > > owner-canslim@lists.xm Subject: Re: > [CANSLIM] CSTR > ission.com > > > > > > 08/27/2002 10:50 AM > > Please respond to > > canslim > > > > > > > > > > Hi Mike, > > Technically, this chart is about as good as it gets in a market > like > this--A > handle 8/1 to 8/14, breakout 8/15 on volume, an orderly pullback to > the > pivot since then. I'd be hard pressed to fault the technicals > unless you > want to argue the somewhat light volume on the right side of the > cup, which > I won't, because it's insignificant in my mind. > > There are a couple of things that kept me away from CSTR---high > debt load > (though they've been restructuring debt recently, so they stay in > my sights > in the meantime) and low ROE of 5% (primarily because they only > turned EPS > positive in the last 4 quarters). Given the market is on shaky > ground, I'd > rather sit back and watch the behavior of the stock than to dive > in....preferring to stalk the trade on other stocks which are > fundamentally > stronger, but not yet finished with their bases. I also like to sit > back > and > watch most of the early stocks out of the gate after a > follow-through and > see how they're acting, CSTR included. > > I've often scratched my head at the business model.....seemed crazy > that > you > would *pay* to count your change and be happy to receive some crisp > dollar > bills and a few store coupons for the "privilege." But I understand > they're > appealing to a part of the population that is primarily cash-based > and not > to those of us who've forgotten what it looks like and instead use > our ATM > card for everything. Recently, however, I've had a greater > appreciation for > their "service" as my bank has stopped waiving their coin counting > fees > after doing so for, well, forever.... We've always kept a "change > can" and > dumped our change each day. When it's full, it's about $200....I'd > make my > ritual trek to the bank to have them count it out, then that > evening we > would go out for a pricey dinner, something we rarely do. Now that > they're > charging, however, the CSTR kiosks become an alternative. > Personally, I'm > too cheap to pay *anybody* to count my money for me, so I won't be > using > the > bank *or* CSTR...but I'll bet you there are many folks who would > consider > it. The blurb I saw on the OffWallStreet report mentioned something > about > "saturation." Though I haven't seen the report and know nothing > more than > this, I have only one thought when I hear something like that in > the same > breath as CSTR----Starbucks. > > Katherine > > > ----- Original Message ----- > From: > To: > Sent: Tuesday, August 27, 2002 10:22 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 > | 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%. === message truncated === __________________________________________________ Do You Yahoo!? Yahoo! Finance - Get real-time stock quotes http://finance.yahoo.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. ------------------------------ Date: Tue, 27 Aug 2002 11:11:56 -0500 From: "Edward W. Gjertsen II" Subject: RE: [CANSLIM] CSTR Katherine you are incredibly resourceful. We do not use ATR - we actually go through the daily charts to look for any historical trading issues that may cause us a premature exit from our buy. ATR may be misleading if one or two days are 10% in range. 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 10:57 AM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] CSTR Ed, Thank you for that insight. I will start doing the same type of analysis with my chart readings. Mike 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 cc: Sent by: Subject: RE: [CANSLIM] CSTR owner-canslim@lists.xm ission.com 08/27/2002 10:45 AM Please respond to canslim Michael, With the PE on CSTR in the mid 70's, there is risk. Even though WON doesn't really pay attention to PE, many do. Second, this is not the first time CSTR has fallen so quickly. One additional analysis we perform is to review charts form mini implosions. There have been many stocks we have passed over due to a volatile trading history. Stocks that have recent (6 months) daily ranges of greater than 10% carry additional risks for Canslimers. 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 10:22 AM To: canslim@lists.xmission.com 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 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. ------------------------------ Date: Tue, 27 Aug 2002 11:13:36 -0500 From: "Edward W. Gjertsen II" Subject: RE: [CANSLIM] CSTR I believe Marc should be banned from the site - oh no - I may have "touched" him by answering his email - oh nooooooooooo there goes my portfolio. Luck is what you make it Marc - the market does not care who you are or where you bought your stock. Ed Gjertsen II ed@macktracks.com - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Marc Deiter Sent: Tuesday, August 27, 2002 11:12 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] CSTR Mike, I'm in the same situation as you with CSTR and may be somewhat responsible for the drop. I found IBD/CANSLIM and this list last August and have learned a tremendous amount over the last year while not trading at all. CSTR was my first stock purchase in over a year - - the last two (prior to finding this list and CANSLIM) were Nortel (twice on the way down) and Global Crossing. I'm afraid I've brought my bad karma to the list :) Live and learn, Marc - --- michael_niemotka@baxter.com wrote: > > Katherine, > > Thanks for the analysis. It does make me feel a little better > knowing that > no one else saw it coming. > > And I hope you will drop the list an e-mail to let us know how the > waiter > at the pricey restaurant reacts when you pay for your dinner in > coins! > > Mike > > 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 > > > > > "Katherine Malm" > > To: > canslim@lists.xmission.com > Sent by: cc: > > owner-canslim@lists.xm Subject: Re: > [CANSLIM] CSTR > ission.com > > > > > > 08/27/2002 10:50 AM > > Please respond to > > canslim > > > > > > > > > > Hi Mike, > > Technically, this chart is about as good as it gets in a market > like > this--A > handle 8/1 to 8/14, breakout 8/15 on volume, an orderly pullback to > the > pivot since then. I'd be hard pressed to fault the technicals > unless you > want to argue the somewhat light volume on the right side of the > cup, which > I won't, because it's insignificant in my mind. > > There are a couple of things that kept me away from CSTR---high > debt load > (though they've been restructuring debt recently, so they stay in > my sights > in the meantime) and low ROE of 5% (primarily because they only > turned EPS > positive in the last 4 quarters). Given the market is on shaky > ground, I'd > rather sit back and watch the behavior of the stock than to dive > in....preferring to stalk the trade on other stocks which are > fundamentally > stronger, but not yet finished with their bases. I also like to sit > back > and > watch most of the early stocks out of the gate after a > follow-through and > see how they're acting, CSTR included. > > I've often scratched my head at the business model.....seemed crazy > that > you > would *pay* to count your change and be happy to receive some crisp > dollar > bills and a few store coupons for the "privilege." But I understand > they're > appealing to a part of the population that is primarily cash-based > and not > to those of us who've forgotten what it looks like and instead use > our ATM > card for everything. Recently, however, I've had a greater > appreciation for > their "service" as my bank has stopped waiving their coin counting > fees > after doing so for, well, forever.... We've always kept a "change > can" and > dumped our change each day. When it's full, it's about $200....I'd > make my > ritual trek to the bank to have them count it out, then that > evening we > would go out for a pricey dinner, something we rarely do. Now that > they're > charging, however, the CSTR kiosks become an alternative. > Personally, I'm > too cheap to pay *anybody* to count my money for me, so I won't be > using > the > bank *or* CSTR...but I'll bet you there are many folks who would > consider > it. The blurb I saw on the OffWallStreet report mentioned something > about > "saturation." Though I haven't seen the report and know nothing > more than > this, I have only one thought when I hear something like that in > the same > breath as CSTR----Starbucks. > > Katherine > > > ----- Original Message ----- > From: > To: > Sent: Tuesday, August 27, 2002 10:22 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 > | 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%. === message truncated === __________________________________________________ Do You Yahoo!? Yahoo! Finance - Get real-time stock quotes http://finance.yahoo.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. ------------------------------ Date: Tue, 27 Aug 2002 10:23:56 -0600 From: Warren Keuffel Subject: Re: [CANSLIM] 2 for fun Norman wrote: > From personal observation I would guess that > close to 50% of the regular anglers wear their clothes. Must be interesting watching people fish down thataways. (Sorry, couldn't resist. ;-) - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Tue, 27 Aug 2002 10:25:46 -0600 From: Warren Keuffel Subject: Re: [CANSLIM] CSTR I've been whacked more than once like this, mostly when the stock gaps down for no discernible reason. Nothing to do but to sell, get up and dust your pants off, and go hunting for the next one. I look at it as the cost of admission. Warren michael_niemotka@baxter.com wrote: > I know the rule...it REALLY sucks though when because you cannot watch the > markets every second, and a stock drops bottom like this you are STUCK with > a loss much bigger than the 8% max. I had tried stop limit orders before > but was told that many times they don't help in a situation like this if it > drops very fast, and you have the added disadvantage of "showing" you hand > to the MM. > > Time will tell! > > 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 > > > Norman > To: canslim@lists.xmission.com > Sent by: cc: > owner-canslim@lists.xm Subject: Re: [CANSLIM] CSTR > ission.com > > > 08/27/2002 09:44 AM > Please respond to > canslim > > > > It has dipped below the 8% rule. CAN SLIM dictates you should have already > sold; if you're playing CAN SLIM. If not, then good luck, you're gonna > need > here. > > Norm > ----- Original Message ----- > From: > To: > Sent: Tuesday, August 27, 2002 9:24 AM > 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. ------------------------------ Date: Tue, 27 Aug 2002 11:24:18 -0500 From: "Katherine Malm" Subject: Re: [CANSLIM] CSTR Hi Ed, I'm glad Norm asked the question because your comment also piqued my interest. Let me see if I understand you.... You are doing a visual examination of the chart, looking for a pattern of wide-range days, gaps up/down, wide-loose patterns, etc.? Based on that assessment, you would avoid a chart that displayed too many of these volatile patterns? What would you do if the stock displayed these patterns but has recently tightened up? Katherine - ----- Original Message ----- From: "Edward W. Gjertsen II" To: Sent: Tuesday, August 27, 2002 11:11 AM Subject: RE: [CANSLIM] CSTR | Katherine you are incredibly resourceful. We do not use ATR - we | actually go through the daily charts to look for any historical trading | issues that may cause us a premature exit from our buy. ATR may be | misleading if one or two days are 10% in range. 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 10:57 AM | To: canslim@lists.xmission.com | Subject: RE: [CANSLIM] CSTR | | | Ed, | | Thank you for that insight. I will start doing the same type of | analysis | with my chart readings. | | Mike | | 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 | cc: | | Sent by: Subject: RE: | [CANSLIM] CSTR | owner-canslim@lists.xm | | ission.com | | | | | | 08/27/2002 10:45 AM | | Please respond to | | canslim | | | | | | | | | | Michael, | | With the PE on CSTR in the mid 70's, there is risk. Even though WON | doesn't really pay attention to PE, many do. Second, this is not the | first time CSTR has fallen so quickly. One additional analysis we | perform is to review charts form mini implosions. There have been many | stocks we have passed over due to a volatile trading history. Stocks | that have recent (6 months) daily ranges of greater than 10% carry | additional risks for Canslimers. | | 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 10:22 AM | To: canslim@lists.xmission.com | 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 | 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. ------------------------------ Date: Tue, 27 Aug 2002 11:27:58 -0500 From: michael_niemotka@baxter.com Subject: Re: [CANSLIM] CSTR Marc, Well then hurry up and sell (if you have not already) so this puppy can rebound! I have been checking the Yahoo message boards , and no one can point to any real issues. Of course then you end up with the nasty fights between the longs and the shorts. It is some fun to watch. 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 "Marc Deiter" To: canslim@lists.xmission.com Sent by: cc: owner-canslim@lists.xm Subject: Re: [CANSLIM] CSTR ission.com 08/27/2002 11:12 AM Please respond to canslim Mike, I'm in the same situation as you with CSTR and may be somewhat responsible for the drop. I found IBD/CANSLIM and this list last August and have learned a tremendous amount over the last year while not trading at all. CSTR was my first stock purchase in over a year - - the last two (prior to finding this list and CANSLIM) were Nortel (twice on the way down) and Global Crossing. I'm afraid I've brought my bad karma to the list :) Live and learn, Marc - --- michael_niemotka@baxter.com wrote: > > Katherine, > > Thanks for the analysis. It does make me feel a little better > knowing that > no one else saw it coming. > > And I hope you will drop the list an e-mail to let us know how the > waiter > at the pricey restaurant reacts when you pay for your dinner in > coins! > > Mike > > 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 > > > > > "Katherine Malm" > > To: > canslim@lists.xmission.com > Sent by: cc: > > owner-canslim@lists.xm Subject: Re: > [CANSLIM] CSTR > ission.com > > > > > > 08/27/2002 10:50 AM > > Please respond to > > canslim > > > > > > > > > > Hi Mike, > > Technically, this chart is about as good as it gets in a market > like > this--A > handle 8/1 to 8/14, breakout 8/15 on volume, an orderly pullback to > the > pivot since then. I'd be hard pressed to fault the technicals > unless you > want to argue the somewhat light volume on the right side of the > cup, which > I won't, because it's insignificant in my mind. > > There are a couple of things that kept me away from CSTR---high > debt load > (though they've been restructuring debt recently, so they stay in > my sights > in the meantime) and low ROE of 5% (primarily because they only > turned EPS > positive in the last 4 quarters). Given the market is on shaky > ground, I'd > rather sit back and watch the behavior of the stock than to dive > in....preferring to stalk the trade on other stocks which are > fundamentally > stronger, but not yet finished with their bases. I also like to sit > back > and > watch most of the early stocks out of the gate after a > follow-through and > see how they're acting, CSTR included. > > I've often scratched my head at the business model.....seemed crazy > that > you > would *pay* to count your change and be happy to receive some crisp > dollar > bills and a few store coupons for the "privilege." But I understand > they're > appealing to a part of the population that is primarily cash-based > and not > to those of us who've forgotten what it looks like and instead use > our ATM > card for everything. Recently, however, I've had a greater > appreciation for > their "service" as my bank has stopped waiving their coin counting > fees > after doing so for, well, forever.... We've always kept a "change > can" and > dumped our change each day. When it's full, it's about $200....I'd > make my > ritual trek to the bank to have them count it out, then that > evening we > would go out for a pricey dinner, something we rarely do. Now that > they're > charging, however, the CSTR kiosks become an alternative. > Personally, I'm > too cheap to pay *anybody* to count my money for me, so I won't be > using > the > bank *or* CSTR...but I'll bet you there are many folks who would > consider > it. The blurb I saw on the OffWallStreet report mentioned something > about > "saturation." Though I haven't seen the report and know nothing > more than > this, I have only one thought when I hear something like that in > the same > breath as CSTR----Starbucks. > > Katherine > > > ----- Original Message ----- > From: > To: > Sent: Tuesday, August 27, 2002 10:22 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 > | 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%. === message truncated === __________________________________________________ Do You Yahoo!? Yahoo! Finance - Get real-time stock quotes http://finance.yahoo.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. ------------------------------ End of canslim-digest V2 #2868 ****************************** To unsubscribe to canslim-digest, send an email to "majordomo@xmission.com" with "unsubscribe canslim-digest" in the body of the message. For information on digests or retrieving files and old messages send "help" to the same address. Do not use quotes in your message.