From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #2870 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 2870 In this issue: RE: [CANSLIM] CSTR Re: [CANSLIM] CSTR ---------------------------------------------------------------------- Date: Tue, 27 Aug 2002 09:35:12 -1000 From: "Mike Gibbons" Subject: RE: [CANSLIM] CSTR This is a multi-part message in MIME format. - ------=_NextPart_000_00C2_01C24DAD.0AD04EE0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit 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. ----- 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_00C2_01C24DAD.0AD04EE0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Does anyone=20 know what "market saturation" is?
 
I'm somewhat=20 gratified by the several comments about the strength of CSTR's chart, = because my=20 own algorithm had rated it top of about 50 CwH patterns yesterday. It = would have=20 been better with less volatility and less volume in the handle, but no = stock's=20 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: = 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 just=20 fill them up as
I go (except for the pennies which go in a bucket = in my=20 closet) Once a roll
is filled I then use it to buy gas.  The = gas=20 station people never seem to
mind getting a $10 quarter roll or a = $2=20 nickel roll.  It works for me
because like you I will never = haul my=20 change to the store only to be charged
for it.

Happy=20 Trading,
David Taggart

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

There are a couple of things that kept me away from = CSTR---high=20 debt load
(though they've been restructuring debt recently, so = they stay=20 in my sights
in the meantime) and low ROE of 5% (primarily = because they=20 only turned EPS
positive in the last 4 quarters). Given the = market is on=20 shaky ground, I'd
rather sit back and watch the behavior of the = stock=20 than to dive
in....preferring to stalk the trade on other stocks = which=20 are 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 after=20 a follow-through and
see how they're acting, CSTR = included.

I've=20 often scratched my head at the business model.....seemed crazy that=20 you
would *pay* to count your change and be happy to receive some = crisp=20 dollar
bills and a few store coupons for the "privilege." But I=20 understand they're
appealing to a part of the population that is=20 primarily cash-based and not
to those of us who've forgotten what = it=20 looks like and instead use our ATM
card for everything. Recently, = however, I've had a greater appreciation for
their "service" as = my bank=20 has stopped waiving their coin counting fees
after doing so for, = well,=20 forever.... We've always kept a "change can" and
dumped our = change each=20 day. When it's full, it's about $200....I'd make my
ritual trek = to the=20 bank to have them count it out, then that evening we
would go out = for a=20 pricey dinner, something we rarely do. Now that they're
charging, = however, the CSTR kiosks become an alternative. Personally, = I'm
too cheap=20 to pay *anybody* to count my money for me, so I won't be using = the
bank=20 *or* 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 that=20 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
| = happens=20 that makes me question a trading "method".  I'm sure if CSTR = stays
|=20 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=20 fall.  Does
| anyone else see anything in the price volume = action=20 that would lead them
to
| believe that this was going to = happen, or is=20 it the M that is still not
| strong enough?
|
| Okay, now I = feel a=20 bit 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) = 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,=20 which unfortunately are on the downside.  You mentioned = that
| you=20 got into the office late.  Remember - there are people who do = this
|=20 for a living with millions at stake.  A slight smell of = weakness=20 and
| they may sell some of their position to take some risk off = the=20 table -
| selling begets selling and before you know it CSTR is = down over=20 20%.  We
| have been in this situation several times before = - - and=20 sold quickly -
| and yes much to our chagrin - some stocks came = roaring=20 back - but in
| other cases the stock kept declining.  Throw = out=20 your ego - sell - and
| if CSTR sets up again look at buying = it.  I=20 don't want to get too deep
| into wash sale rules, but you can't = take and=20 loss on CSTR if you buy it
| back within 30 days.  Good=20 luck
|
| Ed 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 = AM
|=20 To: canslim@lists.xmission.com
| Subject: [CANSLIM] = CSTR
|
| Does=20 anyone know what is going on with this stock?  Got in late to = the
|=20 office today and it is down 18%!!!
|
| I know we are supposed = to sell=20 at 7-8%, but now do I sell anyway, or
| wait
| it out to see = if the=20 day may turn a bit?
|
| Thanks
|
| Mike Niemotka , = PE
| Sr.=20 Principal Engineer
| Baxter Healthcare Corporation
| Route 120 = &=20 Wilson Road
| 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 not=20 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.
|
|
|
|
|
|
|
| -
| -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.


-
-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_00C2_01C24DAD.0AD04EE0-- - - - -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 14:55:07 -0500 From: "david frank" Subject: Re: [CANSLIM] CSTR This is a multi-part message in MIME format. - ------=_NextPart_000_002C_01C24DD9.BB968100 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Mike, too much competition, with other services, and not enough need vs. = valuation. dave ----- Original Message -----=20 From: Mike Gibbons=20 To: canslim@lists.xmission.com=20 Sent: Tuesday, August 27, 2002 2:35 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_002C_01C24DD9.BB968100 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Mike, too much competition, with other = services, and=20 not enough need vs. valuation. dave
----- Original Message -----
From:=20 Mike Gibbons
Sent: Tuesday, August 27, 2002 = 2:35=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
|
|
|
| -
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|
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