From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #2872 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 2872 In this issue: Re: [CANSLIM] CSTR Re: [CANSLIM] CSTR RE: [CANSLIM] CSTR ---------------------------------------------------------------------- Date: Tue, 27 Aug 2002 16:00:01 -0400 From: "Winston Little" Subject: Re: [CANSLIM] CSTR This is a multi-part message in MIME format. - ------=_NextPart_000_0080_01C24DE2.CCF2B140 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Mike: My understanding is that CSTR machines were located primarily in Kroger, = Albertson and Safeway stores. Nationwide, these chains have 3600+2400+1770 =3D 7700 locations. There are 9300 CSTR outlets currently, and promises of installing an = additional 800 in a year. However, it so happens that the three named chains have been closing = outlets faster than snowflakes melting on a summer's day. Thus the CSTR installation has been shrinking as the stores close, so = fewer places to pay 9% for someone to count your money. =20 ----- Original Message -----=20 From: Mike Gibbons=20 To: canslim@lists.xmission.com=20 Sent: Tuesday, August 27, 2002 3:35 PM Subject: RE: [CANSLIM] CSTR Does anyone know what "market saturation" is? I'm somewhat gratified by the several comments about the strength of = CSTR's chart, because my own algorithm had rated it top of about 50 CwH = patterns yesterday. It would have been better with less volatility and = less volume in the handle, but no stock's perfect. Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]On Behalf Of NANCY POLCARO Sent: Tuesday, August 27, 2002 8:52 AM To: canslim Subject: Re: [CANSLIM] CSTR cnbc said it was caused by market saturation.=20 ----- Original Message ----- From: David Taggart Sent: Tuesday, August 27, 2002 9:08 AM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] CSTR I have a bunch of coin rolls located on my dresser and just fill = them up as I go (except for the pennies which go in a bucket in my closet) = Once a roll is filled I then use it to buy gas. The gas station people never = seem to mind getting a $10 quarter roll or a $2 nickel roll. It works for = me because like you I will never haul my change to the store only to = be charged for it. Happy Trading, David Taggart -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine = Malm Sent: Tuesday, August 27, 2002 9:51 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] CSTR 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%. 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. - ------=_NextPart_000_0080_01C24DE2.CCF2B140 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Mike:
 
My understanding is that CSTR = machines were=20 located primarily in Kroger, Albertson and Safeway stores.
Nationwide, these chains have =20 3600+2400+1770 =3D 7700 locations.
There are 9300 CSTR outlets = currently, and=20 promises of installing an additional 800 in a year.
However, it so happens that the = three named=20 chains have been closing outlets faster than snowflakes melting on a = summer's=20 day.
Thus the CSTR installation has been = shrinking=20 as the stores close, so fewer places to pay 9% for someone to count your = money.
 
----- Original Message -----
From:=20 Mike Gibbons
Sent: Tuesday, August 27, 2002 = 3:35=20 PM
Subject: RE: [CANSLIM] = CSTR

Does=20 anyone know what "market saturation" is?
 
I'm=20 somewhat gratified by the several comments about the strength of = CSTR's chart,=20 because my own algorithm had rated it top of about 50 CwH patterns = yesterday.=20 It would have been better with less volatility and less volume in the = handle,=20 but no stock's perfect.
 
Aloha,
 
Mike Gibbons
Proactive Technologies, = LLC
http://www.proactech.com
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of NANCY=20 POLCARO
Sent: Tuesday, August 27, 2002 8:52 = AM
To:=20 canslim
Subject: Re: [CANSLIM] CSTR

cnbc said it was caused by market saturation. 
 
----- Original Message -----
From:=20 David Taggart
Sent: Tuesday, August 27, = 2002 9:08=20 AM
To: = canslim@lists.xmission.com
Subject: RE: [CANSLIM] = CSTR
 
I have a bunch of coin rolls located on my = dresser and=20 just fill them up as
I go (except for the pennies which go in a = bucket=20 in my closet) Once a roll
is filled I then use it to buy = gas.  The=20 gas station people never seem to
mind getting a $10 quarter = roll or a=20 $2 nickel roll.  It works for me
because like you I will = never=20 haul my change to the store only to be charged
for = it.

Happy=20 Trading,
David Taggart

-----Original = Message-----
From:=20 = owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.= com]On=20 Behalf Of Katherine Malm
Sent: Tuesday, August 27, 2002 9:51 = AM
To:=20 canslim@lists.xmission.com
Subject: Re: [CANSLIM] = CSTR


Hi=20 Mike,

Technically, this chart is about as good as it gets = in a=20 market like this--A
handle 8/1 to 8/14, breakout 8/15 on = volume, an=20 orderly pullback to the
pivot since then. I'd be hard pressed = to fault=20 the technicals unless you
want to argue the somewhat light = volume on=20 the right side of the cup, which
I won't, because it's = insignificant in=20 my mind.

There are a couple of things that kept me away = from=20 CSTR---high debt load
(though they've been restructuring debt = recently,=20 so they stay in my sights
in the meantime) and low ROE of 5% = (primarily=20 because they only turned EPS
positive in the last 4 quarters). = Given=20 the market is on shaky ground, I'd
rather sit back and watch = the=20 behavior of the stock than to dive
in....preferring to stalk = the trade=20 on other stocks which are fundamentally
stronger, but not yet = finished=20 with their bases. I also like to sit back and
watch most of the = early=20 stocks out of the gate after a follow-through and
see how = they're=20 acting, CSTR included.

I've often scratched my head at the = business=20 model.....seemed crazy that you
would *pay* to count your = change and be=20 happy to receive some crisp dollar
bills and a few store = coupons for=20 the "privilege." But I understand they're
appealing to a part = of the=20 population that is primarily cash-based and not
to those of us = who've=20 forgotten what it looks like and instead use our ATM
card for=20 everything. Recently, however, I've had a greater appreciation=20 for
their "service" as my bank has stopped waiving their coin = counting=20 fees
after doing so for, well, forever.... We've always kept a = "change=20 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,=20 then that evening we
would go out for a pricey dinner, = something we=20 rarely do. Now that they're
charging, however, the CSTR kiosks = become=20 an alternative. Personally, I'm
too cheap to pay *anybody* to = count my=20 money for me, so I won't be using the
bank *or* CSTR...but I'll = bet you=20 there are many folks who would consider
it. The blurb I saw on = the=20 OffWallStreet report mentioned something about
"saturation." = Though I=20 haven't seen the report and know nothing more than
this, I have = only=20 one thought when I hear something like that in the same
breath = as=20 CSTR----Starbucks.

Katherine


----- Original = Message=20 -----
From: <michael_niemotka@baxter.com>
To:=20 <canslim@lists.xmission.com>
Sent: Tuesday, August 27, = 2002 10:22=20 AM
Subject: RE: [CANSLIM] CSTR


|
| I appreciate = all the=20 advice that I have gotten.  It is when stuff = like
this
|=20 happens that makes me question a trading "method".  I'm sure = if CSTR=20 stays
| down, it will only be a matter of time before I see and = IBD=20 write up using
| their famous 20-20 hindsight to show why it = was=20 destined to fall.  Does
| anyone else see anything in the = price=20 volume action that would lead them
to
| believe that this = was going=20 to happen, or is it the M that is still not
| strong = enough?
|
|=20 Okay, now I feel a bit better after venting.  Thank you=20 all!
|
|
| Mike Niemotka , PE
| Sr. Principal = Engineer
|=20 Baxter Healthcare Corporation
| Route 120 & Wilson = Road
| Round=20 Lake, IL 60073
| Tel (847) 270-4075
| Fax (847) = 270-4525
|=20 = michael_niemotka@baxter.com
|
|
|
|    &n= bsp;           &nb= sp;   =20 "Edward W.=20 = Gjertsen
|          =           =20 = II"           &nbs= p;            = ;  =20 = To:
canslim@lists.xmission.com
|      = ;            =   =20 = <ed@macktracks.com>        =   =20 = cc:
|           = ;         =20 Sent=20 = by:           &nbs= p;         =20 Subject:     RE:
[CANSLIM]=20 = CSTR
|          &nbs= p;         =20 = owner-canslim@lists.xm
|       &nbs= p;            = ;=20 = ission.com
|
|
|        =              = 08/27/2002 10:09=20 = AM
|           =          =20 Please respond=20 = to
|           =          =20 canslim
|
|
|
|
|
|
| Dear Mike
|
| = CSTR was a=20 favorite of many Canslimers - with the problems we faced with
| = buying=20 CVH recently (too many chasing too few) we are seeing similar
| = results, which unfortunately are on the downside.  You = mentioned=20 that
| you got into the office late.  Remember - there are = people=20 who do this
| for a living with millions at stake.  A = slight smell=20 of weakness and
| they may sell some of their position to take = some=20 risk off the table -
| selling begets selling and before you = know it=20 CSTR is down over 20%.  We
| have been in this situation = several=20 times before - and sold quickly -
| and yes much to our chagrin = - - some=20 stocks came roaring back - but in
| other cases the stock kept=20 declining.  Throw out your ego - sell - and
| if CSTR sets = up=20 again look at buying it.  I don't want to get too deep
| = into wash=20 sale rules, but you can't take and loss on CSTR if you buy it
| = back=20 within 30 days.  Good luck
|
| Ed Gjertsen II
|=20 ed@macktracks.com
|
| -----Original Message-----
| From:=20 owner-canslim@lists.xmission.com
|=20 [mailto:owner-canslim@lists.xmission.com] On Behalf Of
|=20 michael_niemotka@baxter.com
| Sent: Tuesday, August 27, 2002 = 9:25=20 AM
| To: canslim@lists.xmission.com
| Subject: [CANSLIM]=20 CSTR
|
| Does anyone know what is going on with this = stock? =20 Got in late to the
| office today and it is down = 18%!!!
|
| I=20 know we are supposed to sell at 7-8%, but now do I sell anyway, = or
|=20 wait
| it out to see if the day may turn a bit?
|
|=20 Thanks
|
| Mike Niemotka , PE
| Sr. Principal = Engineer
|=20 Baxter Healthcare Corporation
| Route 120 & Wilson = Road
| Round=20 Lake, IL 60073
| Tel (847) 270-4075
| Fax (847) = 270-4525
|=20 michael_niemotka@baxter.com
|
|
|
| -
| -To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
| -In the = email=20 body, write "subscribe canslim" or
| -"unsubscribe = canslim".  Do=20 not use quotes in your email.
|
|
| -
| -To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
| -In the = email=20 body, write "subscribe canslim" or
| -"unsubscribe = canslim".  Do=20 not use quotes in your = email.
|
|
|
|
|
|
|
|=20 -
| -To subscribe/unsubscribe, email = "majordomo@xmission.com"
| -In=20 the email body, write "subscribe canslim" or
| -"unsubscribe=20 canslim".  Do not use quotes in your = email.


-
-To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
-In the = email=20 body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do not=20 use quotes in your email.


-
-To = subscribe/unsubscribe, email=20 "majordomo@xmission.com"
-In the email body, write "subscribe = canslim"=20 or
-"unsubscribe canslim".  Do not use quotes in your=20 email.
- ------=_NextPart_000_0080_01C24DE2.CCF2B140-- - - - -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 15:09:18 -0500 From: "david frank" Subject: Re: [CANSLIM] CSTR 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" To: 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: > To: > 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 > > 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. ------------------------------ Date: Tue, 27 Aug 2002 15:01:30 -0500 From: "Kelly Short" Subject: RE: [CANSLIM] CSTR This is a multi-part message in MIME format. - ------_=_NextPart_001_01C24E04.88F7FCEC Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Winston, =20 Do you think it would be difficult for CSTR to replace these outlets = with new ones? Wouldn't Walmart, 7-Eleven, and other grocery stores be = good locations? =20 Kelly =20 - -----Original Message----- From: Winston Little [mailto:wlittle1@peoplepc.com] Sent: Tuesday, August 27, 2002 3:00 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] CSTR Mike: =20 My understanding is that CSTR machines were located primarily in Kroger, = Albertson and Safeway stores. Nationwide, these chains have 3600+2400+1770 =3D 7700 locations. There are 9300 CSTR outlets currently, and promises of installing an = additional 800 in a year. However, it so happens that the three named chains have been closing = outlets faster than snowflakes melting on a summer's day. Thus the CSTR installation has been shrinking as the stores close, so = fewer places to pay 9% for someone to count your money. =20 - ----- Original Message -----=20 From: Mike Gibbons =20 To: canslim@lists.xmission.com=20 Sent: Tuesday, August 27, 2002 3:35 PM Subject: RE: [CANSLIM] CSTR Does anyone know what "market saturation" is? =20 I'm somewhat gratified by the several comments about the strength of = CSTR's chart, because my own algorithm had rated it top of about 50 CwH = patterns yesterday. It would have been better with less volatility and = less volume in the handle, but no stock's perfect. =20 Aloha, =20 Mike Gibbons Proactive Technologies, LLC http://www.proactech.com - -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]On Behalf Of NANCY POLCARO Sent: Tuesday, August 27, 2002 8:52 AM To: canslim Subject: Re: [CANSLIM] CSTR cnbc said it was caused by market saturation.=20 =20 - ----- Original Message ----- From: David Taggart Sent: Tuesday, August 27, 2002 9:08 AM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] CSTR =20 I have a bunch of coin rolls located on my dresser and just fill them up = as I go (except for the pennies which go in a bucket in my closet) Once a = roll is filled I then use it to buy gas. The gas station people never seem = to mind getting a $10 quarter roll or a $2 nickel roll. It works for me because like you I will never haul my change to the store only to be = charged for it. Happy Trading, David Taggart - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm Sent: Tuesday, August 27, 2002 9:51 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] CSTR 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%. = 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. _____ =20 For your protection, this e-mail message has been scanned for viruses.=20 Visit us at http://www.neoris.com/=20 _____ =20 - ------_=_NextPart_001_01C24E04.88F7FCEC Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Winston,
 
Do you think = it would be=20 difficult for CSTR to replace these outlets with new ones? Wouldn't = Walmart,=20 7-Eleven, and other grocery stores be good = locations?
 
Kelly
 
-----Original Message-----
From: Winston = Little=20 [mailto:wlittle1@peoplepc.com]
Sent: Tuesday, August 27, = 2002 3:00=20 PM
To: canslim@lists.xmission.com
Subject: Re: = [CANSLIM]=20 CSTR

Mike:
 
My understanding is that CSTR = machines were=20 located primarily in Kroger, Albertson and Safeway = stores.
Nationwide, these chains = have =20 3600+2400+1770 =3D 7700 locations.
There are 9300 CSTR outlets = currently, and=20 promises of installing an additional 800 in a year.
However, it so happens that the = three named=20 chains have been closing outlets faster than snowflakes melting on a = summer's=20 day.
Thus the CSTR installation has = been=20 shrinking as the stores close, so fewer places to pay 9% for someone = to count=20 your money.
 
----- Original Message -----
From:=20 Mike Gibbons
Sent: Tuesday, August 27, = 2002 3:35=20 PM
Subject: RE: [CANSLIM] = CSTR

Does=20 anyone know what "market saturation" is?
 
I'm=20 somewhat gratified by the several comments about the strength of = CSTR's=20 chart, because my own algorithm had rated it top of about 50 CwH = patterns=20 yesterday. It would have been better with less volatility and less = volume in=20 the handle, but no stock's perfect.
 
Aloha,
 
Mike Gibbons
Proactive Technologies,=20 LLC
http://www.proactech.com
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of NANCY = POLCARO
Sent: Tuesday, August 27, 2002 8:52 = AM
To:=20 canslim
Subject: Re: [CANSLIM] CSTR

cnbc said it was caused by market = saturation. 
 
----- Original Message = - -----
From:=20 David Taggart
Sent: Tuesday, August 27, = 2002 9:08=20 AM
To:=20 canslim@lists.xmission.com
Subject: RE: [CANSLIM] = CSTR
 
I have a bunch of coin rolls located on my = dresser and=20 just fill them up as
I go (except for the pennies which go in = a=20 bucket in my closet) Once a roll
is filled I then use it to = buy=20 gas.  The gas station people never seem to
mind getting = a $10=20 quarter roll or a $2 nickel roll.  It works for = me
because like=20 you I will never haul my change to the store only to be = charged
for=20 it.

Happy Trading,
David Taggart

-----Original=20 Message-----
From:=20 = owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.= com]On=20 Behalf Of Katherine Malm
Sent: Tuesday, August 27, 2002 9:51=20 AM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM]=20 CSTR


Hi Mike,

Technically, this chart is about = as good=20 as it gets in a market like this--A
handle 8/1 to 8/14, = breakout 8/15=20 on volume, an orderly pullback to the
pivot since then. I'd = be hard=20 pressed to fault the technicals unless you
want to argue the = somewhat=20 light volume on the right side of the cup, which
I won't, = because=20 it's insignificant in my mind.

There are a couple of = things that=20 kept me away from CSTR---high debt load
(though they've been=20 restructuring debt recently, so they stay in my sights
in the = meantime) and low ROE of 5% (primarily because they only turned=20 EPS
positive in the last 4 quarters). Given the market is on = shaky=20 ground, I'd
rather sit back and watch the behavior of the = stock than=20 to dive
in....preferring to stalk the trade on other stocks = which are=20 fundamentally
stronger, but not yet finished with their = bases. I also=20 like to sit back and
watch most of the early stocks out of = the gate=20 after a follow-through and
see how they're acting, CSTR=20 included.

I've often scratched my head at the business=20 model.....seemed crazy that you
would *pay* to count your = change and=20 be happy to receive some crisp dollar
bills and a few store = coupons=20 for the "privilege." But I understand they're
appealing to a = part of=20 the population that is primarily cash-based and not
to those = of us=20 who've forgotten what it looks like and instead use our = ATM
card for=20 everything. Recently, however, I've had a greater appreciation=20 for
their "service" as my bank has stopped waiving their coin = counting fees
after doing so for, well, forever.... We've = always kept=20 a "change can" and
dumped our change each day. When it's = full, it's=20 about $200....I'd make my
ritual trek to the bank to have = them count=20 it out, then that evening we
would go out for a pricey = dinner,=20 something we rarely do. Now that they're
charging, however, = the CSTR=20 kiosks become an alternative. Personally, I'm
too cheap to = pay=20 *anybody* to count my money for me, so I won't be using = the
bank *or*=20 CSTR...but I'll bet you there are many folks who would = consider
it.=20 The blurb I saw on the OffWallStreet report mentioned something=20 about
"saturation." Though I haven't seen the report and know = nothing=20 more than
this, I have only one thought when I hear something = like=20 that in the same
breath as=20 CSTR----Starbucks.

Katherine


----- Original = Message=20 -----
From: <michael_niemotka@baxter.com>
To:=20 <canslim@lists.xmission.com>
Sent: Tuesday, August 27, = 2002=20 10:22 AM
Subject: RE: [CANSLIM] CSTR


|
| I = appreciate=20 all the advice that I have gotten.  It is when stuff=20 like
this
| happens that makes me question a trading=20 "method".  I'm sure if CSTR stays
| down, it will only = be a=20 matter of time before I see and IBD write up using
| their = famous=20 20-20 hindsight to show why it was destined to fall.  = Does
|=20 anyone else see anything in the price volume action that would = lead=20 them
to
| believe that this was going to happen, or is it = the M=20 that is still not
| strong enough?
|
| Okay, now I feel = a bit=20 better after venting.  Thank you all!
|
|
| Mike = Niemotka=20 , PE
| Sr. Principal Engineer
| Baxter Healthcare = Corporation
|=20 Route 120 & Wilson Road
| Round Lake, IL 60073
| Tel = (847)=20 270-4075
| Fax (847) 270-4525
|=20 = michael_niemotka@baxter.com
|
|
|
|    &n= bsp;           &nb= sp;   =20 "Edward W.=20 = Gjertsen
|          =           =20 = II"           &nbs= p;            = ;  =20 = To:
canslim@lists.xmission.com
|      = ;            =   =20 = <ed@macktracks.com>        =   =20 = cc:
|           = ;         =20 Sent=20 = by:           &nbs= p;         =20 Subject:     RE:
[CANSLIM]=20 = CSTR
|          &nbs= p;         =20 = owner-canslim@lists.xm
|       &nbs= p;            = ;=20 = ission.com
|
|
|        =              = 08/27/2002 10:09=20 = AM
|           =          =20 Please respond=20 = to
|           =          =20 canslim
|
|
|
|
|
|
| Dear Mike
|
| = CSTR was=20 a favorite of many Canslimers - with the problems we faced = with
|=20 buying CVH recently (too many chasing too few) we are seeing=20 similar
| results, which unfortunately are on the = downside.  You=20 mentioned that
| you got into the office late.  Remember = - - there=20 are people who do this
| for a living with millions at = stake.  A=20 slight smell of weakness and
| they may sell some of their = position=20 to take some risk off the table -
| selling begets selling = and before=20 you know it CSTR is down over 20%.  We
| have been in = this=20 situation several times before - and sold quickly -
| and yes = much to=20 our chagrin - some stocks came roaring back - but in
| other = cases=20 the stock kept declining.  Throw out your ego - sell - = and
| if=20 CSTR sets up again look at buying it.  I don't want to get = too=20 deep
| into wash sale rules, but you can't take and loss on = CSTR if=20 you buy it
| back within 30 days.  Good luck
|
| = Ed=20 Gjertsen II
| ed@macktracks.com
|
| -----Original=20 Message-----
| From: owner-canslim@lists.xmission.com
|=20 [mailto:owner-canslim@lists.xmission.com] On Behalf Of
|=20 michael_niemotka@baxter.com
| Sent: Tuesday, August 27, 2002 = 9:25=20 AM
| To: canslim@lists.xmission.com
| Subject: [CANSLIM]=20 CSTR
|
| Does anyone know what is going on with this = stock? =20 Got in late to the
| office today and it is down = 18%!!!
|
| I=20 know we are supposed to sell at 7-8%, but now do I sell anyway, = or
|=20 wait
| it out to see if the day may turn a bit?
|
|=20 Thanks
|
| Mike Niemotka , PE
| Sr. Principal = Engineer
|=20 Baxter Healthcare Corporation
| Route 120 & Wilson = Road
|=20 Round Lake, IL 60073
| Tel (847) 270-4075
| Fax (847)=20 270-4525
| michael_niemotka@baxter.com
|
|
|
| = - -
| -To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
| -In = the email=20 body, write "subscribe canslim" or
| -"unsubscribe = canslim".  Do=20 not use quotes in your email.
|
|
| -
| -To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
| -In = the email=20 body, write "subscribe canslim" or
| -"unsubscribe = canslim".  Do=20 not use quotes in your = email.
|
|
|
|
|
|
|
|=20 -
| -To subscribe/unsubscribe, email = "majordomo@xmission.com"
|=20 -In the email body, write "subscribe canslim" or
| = - -"unsubscribe=20 canslim".  Do not use quotes in your = email.


-
-To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
-In the = email=20 body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your email.


-
-To = subscribe/unsubscribe,=20 email "majordomo@xmission.com"
-In the email body, write = "subscribe=20 canslim" or
-"unsubscribe canslim".  Do not use quotes = in your=20 email.
For your protection, this e-mail message has been scanned for viruses. =

Visit us at http://www.neoris.com/=20

- ------_=_NextPart_001_01C24E04.88F7FCEC-- - - - -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 #2872 ****************************** 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.