From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #2874 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 2874 In this issue: [CANSLIM] Selling - its hard! Re: [CANSLIM] CSTR Re: [CANSLIM] 2 for fun Re: [CANSLIM] 2 for fun Re: [CANSLIM] 2 for fun Re: [CANSLIM] CSTR Re: [CANSLIM] CSTR Re: [CANSLIM] CSTR Re: [CANSLIM] CSTR ---------------------------------------------------------------------- Date: Tue, 27 Aug 2002 16:59:15 -0500 From: "Edward W. Gjertsen II" Subject: [CANSLIM] Selling - its hard! For those who read HTMMIS - you will notice the "how to sell" section, outside the 8% rule, is at best grey. Selling is THE most difficult part of canslim especially after a stock has advanced 15%+ what I call nowhere land. What we do is sell 1/2 position, usually on a close only, at specific technical levels. For instance, we sold half our position of DORL today around 41.83 - we did not wait for the close due to the weakness of the market. If we close below 40, we will sell the other 1/2. The trouble is we bought DORL around 37.80 - off a "W" pattern, could have been genius and sold half at 45 yesterday - almost a 20% advance. But the markets just won't give us anymore for the moment. The one key to our management technique is "Position sizing and position management" We have learned that this is not an all or none game. It's okay to sell 1/2 of a position - thereby, if you happen to sell and the stock turns around you have a place at the table. Sorry, enough rambling. Ed Gjertsen II ed@macktracks.com - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of David Rubin Sent: Tuesday, August 27, 2002 3:22 PM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] CSTR This topic has come up before. The consensus seems to be that you should ignore intraday price swings when applying CANSLIM rules. I've been kicked out of a stock in the morning only to watch it recover in the afternoon and then never undercut the pivot again. However, in the case of CSTR, clearly something is amiss, so it might be an exception to the rule. The volume today was quite astounding. - -- Dave - - - -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 17:24:56 -0500 From: "Norman" Subject: Re: [CANSLIM] CSTR Jans, Good point about the 50DMA. Otherwise I see this one differently. Compared to other charts recently (due to 9/ll and the July dip) I would not consider this cup a bad "V"; some are much, much worse. And, the right lip/handle doesn't have to be exactly at the level of the left lip to be valid. Within 15% is the rule for the pivot and this one is within that. The handle could have formed a little higher and been better; it was just above the middle of the cup. But this was indeed a valid BO. Also, the RS line being at the highest point in recent memory is bullish. CAN SLIM is a garment made of spandex; fits everyone differently:-) I'm like you, trigger-shy Norm - ----- Original Message ----- From: To: Sent: Tuesday, August 27, 2002 1:57 PM Subject: Re: [CANSLIM] CSTR > Mike: > > The 50 DMA fell below-and hasn't risen above since then-the 200 day July > 15th. Also, on the weekly chart, the formation is a V-shaped cup with the > Right Lip a little below the left lip-so a BO had never occurred. > Additonally, the RS-Line on the Daily was just a smidgen above where it was > at the stock price's previous top, which was substantially lower (I'm > comparing 8/5 with 8/16). > > On neither the day nor the weekly chart could I see a BO. Both show the > high possibility of a BO (with the fundamentals and the chart-formations both > alligning). I suspect that IBD will print the same thing (something like, > "Fooler Charts-Charts That Looked Strong On Their Right-Side-Runup"). > > That said, I must confess: I was looking very seriously at CSTR to buy > it. The fundamentals; the chart; and the technical (I use MACD and an > ROC-type tool) all pointed that the stock should be bought. I didn't buy it > because of only 1 or 2 thing: The Market (and perhaps because I am now kind > of trigger-shy, having been in cash since this LOOOONG bear began) > > jans > > > > > In a message dated 8/27/2002 11:21:10 AM Eastern Daylight Time, > michael_niemotka@baxter.com writes: > > << 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? >> > > - > -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 17:31:37 -0500 From: "Norman" Subject: Re: [CANSLIM] 2 for fun Well, FCN may yet resurrect itself. But COLM does not look healthy. Both formed Katherine's "tails up candle" today; and on significant volume. Nice to be on the outside looking in on these 2 Norm - ----- Original Message ----- From: "Norman" To: Sent: Tuesday, August 27, 2002 10:16 AM Subject: [CANSLIM] 2 for fun > I'm not keeping lists yet but am looking at 2 issues that look like > possibilities; just looking tho > > FCN > I liked this one when it was a semi-dependable LLUR. Seems to keep popping > up on Screens of the Day. I find their consulting business a little hard > get a handle on but it seems to work. Right now it seems like one of those > "channel stocks" that have been advertised on TV a lot lately It may be > setting up for a pop as it nears it's 50DMA on lower vol; and maybe not > > COLM > I have had an interest in this one since last year. It looks even more like > a channel stock:-0 Has formed a nice c&h. I first became interested in > this when I saw it's products all around me. I live on the TX gulf coast > and work in the fisheries profession. As such I encounter anglers everyday. > Columbia shirts, and to a lesser degree pants, dominate the accoutrements in > this recreation/profession. From personal observation I would guess that > close to 50% of the regular anglers wear their clothes. And the clothes are > so thin that they need to be replaced frequently; trust me on this one, I > know:-( And they cost a good bit more than other than their competitors. > But folks like 'me. > > Anyway, just fun to watch 'me with no $ on the line. > > Norm > > > - > -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 18:04:47 -0500 From: "Katherine Malm" Subject: Re: [CANSLIM] 2 for fun Not to mention I just flipped through my "leader board" and saw the same tails on a boatload of stocks. Yuck.... very different story than late last week where things were "just struggling a little bit".... makes me glad I've only got a few probes out and nothing major committed... Katherine - ----- Original Message ----- From: "Norman" To: Sent: Tuesday, August 27, 2002 5:31 PM Subject: Re: [CANSLIM] 2 for fun | Well, FCN may yet resurrect itself. But COLM does not look healthy. Both | formed Katherine's "tails up candle" today; and on significant volume. Nice | to be on the outside looking in on these 2 | | Norm | ----- Original Message ----- | From: "Norman" | To: | Sent: Tuesday, August 27, 2002 10:16 AM | Subject: [CANSLIM] 2 for fun | | | > I'm not keeping lists yet but am looking at 2 issues that look like | > possibilities; just looking tho | > | > FCN | > I liked this one when it was a semi-dependable LLUR. Seems to keep | popping | > up on Screens of the Day. I find their consulting business a little hard | > get a handle on but it seems to work. Right now it seems like one of | those | > "channel stocks" that have been advertised on TV a lot lately It may | be | > setting up for a pop as it nears it's 50DMA on lower vol; and maybe not | > | > COLM | > I have had an interest in this one since last year. It looks even more | like | > a channel stock:-0 Has formed a nice c&h. I first became interested in | > this when I saw it's products all around me. I live on the TX gulf coast | > and work in the fisheries profession. As such I encounter anglers | everyday. | > Columbia shirts, and to a lesser degree pants, dominate the accoutrements | in | > this recreation/profession. From personal observation I would guess that | > close to 50% of the regular anglers wear their clothes. And the clothes | are | > so thin that they need to be replaced frequently; trust me on this one, I | > know:-( And they cost a good bit more than other than their competitors. | > But folks like 'me. | > | > Anyway, just fun to watch 'me with no $ on the line. | > | > Norm | > | > | > - | > -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 18:11:42 -0500 From: "Norman" Subject: Re: [CANSLIM] 2 for fun Yep, same here. That a.m. rally followed by bad consumer confidence numbers was a recipe for a downdraft; buy in the morn, sell in the afternoon. That's just the opposite of what IBD is constantly drumming on as bullish (and what we've seen a lot of lately) namely, little bear in the morn and moderate bull after lunch. Bad omen. Maybe we've just entered one of Ernie's "infamous" turn windows:-) Norm - ----- Original Message ----- From: "Katherine Malm" To: Sent: Tuesday, August 27, 2002 6:04 PM Subject: Re: [CANSLIM] 2 for fun > Not to mention I just flipped through my "leader board" and saw the same > tails on a boatload of stocks. Yuck.... very different story than late last > week where things were "just struggling a little bit".... makes me glad I've > only got a few probes out and nothing major committed... > > Katherine > > ----- Original Message ----- > From: "Norman" > To: > Sent: Tuesday, August 27, 2002 5:31 PM > Subject: Re: [CANSLIM] 2 for fun > > > | Well, FCN may yet resurrect itself. But COLM does not look healthy. Both > | formed Katherine's "tails up candle" today; and on significant volume. > Nice > | to be on the outside looking in on these 2 > | > | Norm > | ----- Original Message ----- > | From: "Norman" > | To: > | Sent: Tuesday, August 27, 2002 10:16 AM > | Subject: [CANSLIM] 2 for fun > | > | > | > I'm not keeping lists yet but am looking at 2 issues that look like > | > possibilities; just looking tho > | > > | > FCN > | > I liked this one when it was a semi-dependable LLUR. Seems to keep > | popping > | > up on Screens of the Day. I find their consulting business a little > hard > | > get a handle on but it seems to work. Right now it seems like one of > | those > | > "channel stocks" that have been advertised on TV a lot lately It may > | be > | > setting up for a pop as it nears it's 50DMA on lower vol; and maybe > not > | > > | > COLM > | > I have had an interest in this one since last year. It looks even more > | like > | > a channel stock:-0 Has formed a nice c&h. I first became interested in > | > this when I saw it's products all around me. I live on the TX gulf > coast > | > and work in the fisheries profession. As such I encounter anglers > | everyday. > | > Columbia shirts, and to a lesser degree pants, dominate the > accoutrements > | in > | > this recreation/profession. From personal observation I would guess > that > | > close to 50% of the regular anglers wear their clothes. And the clothes > | are > | > so thin that they need to be replaced frequently; trust me on this one, > I > | > know:-( And they cost a good bit more than other than their > competitors. > | > But folks like 'me. > | > > | > Anyway, just fun to watch 'me with no $ on the line. > | > > | > Norm > | > > | > > | > - > | > -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 21:50:10 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] CSTR Mike, different people will interpret the rule different ways, but I follow (at least sometimes) the rule trained into me by WON acct executives as well as an article (I am still searching for a copy but not hopeful) interviewing WON in the magazine Registered Representative (trade journal for brokers). In it, he indicated using the 8% rule initially to protect against large loss of capital. Once you were up 15%, raise the stop loss to your entry to protect against a simple loss. As (if) the stock continued to move higher, continue to raise the stop loss to trail the current price by 15%. Now you are beginning to protect profits. Thus, if CSTR had already moved up at least 20% or so from your purchase price (assuming it conformed to the pivot), then it closed today at or around where your stop loss should have already been. On using stop losses, it can be difficult to impossible to enter the order on many (most??) NASDAQ stocks even when they are higher priced and very liquid. Yes, you are showing your hand to your brokerage house and / or the market maker where they may put the order. And if the stock gaps down below your limit, you may sell even greater than your trailing 15%. Trying to use a sell stop limit on a NASDAQ stock is even more difficult. Entering a stop loss order on a listed (NYSE, AMEX) stock can be even more dangerous, as it likely ends up with the floor specialist, rather than one of many MMers. So the specialist sees a far greater universe of limit orders, and may be tempted to shake the market for his own purposes. Having not sold, you now need (like tonight) to evaluate whether you would even consider buying the stock at this price and with the chart (and news?) of today. That should help you decide what you should do tomorrow. - ----- Original Message ----- From: To: Sent: Tuesday, August 27, 2002 10:54 AM Subject: Re: [CANSLIM] CSTR 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 21:58:54 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] CSTR sometimes I find economics funny, and anecdotal data even more compelling than "survey" data. Went to a very large local shopping mall Sunday afternoon. Couldn't believe how jammed both the parking lot and the stores were (Macys, Sears, Bloomingdales, Lord and Taylor, and a number of other big name anchors as well as hundreds of little stores). Hard just to get around. Shelves well stocked, but not much of a waiting line at the cash register. Certainly didn't say to me that the consumer was hunkering down and now spending, they certainly were out being tempted at a minimum. Then I look at the Durable Goods report today, and it is saying to me what was forecasted, and I expected. Even as there probably is some slow down in consumer spending after a steady 18 months of consumer excesses, corporate spending is starting to pick up, including spending on infrastructure to improve productivity. I also look at both the New and Used home sales figures, hitting or close to records. That translates to a lot of consumer spending as well. Then I look at what the market's reaction to all this is, and shake my head. Go figure. Hope no one here was counting on the markets to behave logically. - ----- Original Message ----- From: "Fred Richards" To: Sent: Tuesday, August 27, 2002 10:32 AM Subject: RE: [CANSLIM] CSTR With the release of the disappointing Consumer Confidence numbers, the market may have reached the end of its bear market rally. Unloading will affect almost all stocks. What were the fundamental and technical reasons you purchased the stock? Are they still valid? No one can see the future. Unfortunately, you have to decide whether as my old mentor used to say, "Is the first loss, the best loss or can it get worse?" - -----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. ------------------------------ Date: Tue, 27 Aug 2002 22:16:01 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] CSTR I think the handle is fine, well into the upper half of the cup. Volume declined ok, b/o on 8/15 on more than 3X ADV. Where I would fault it is on revenues, which over the past 4 quarters do not show me the kind of consistent growth to justify either the growth in earnings, or the high PE, although if you believe the projected earnings (I don't) then the projected PE is more moderate. I see this as a business that will best thrive when the economy falters to the point that everyone is taking their jars of pocket change, and having it counted, because they need a little "nest egg". - ----- Original Message ----- From: "Patrick Wahl" To: Sent: Tuesday, August 27, 2002 11:49 AM Subject: RE: [CANSLIM] CSTR Maybe that the handle formed part way up the right side of the cup was a warning sign? I'm assuming you would have bought a breakout at that level. When this was originally mentioned here, I looked at it and thought it was such an odd little niche business that it probably had limited growth potential. (doesn't mean it could not have moved on up a bit) On 27 Aug 2002 at 10:22, michael_niemotka@baxter.com wrote: > 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? - - - -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 22:32:09 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] CSTR This is a multi-part message in MIME format. - ------=_NextPart_000_00E2_01C24E19.9467BA50 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable market saturation, in this case (and Starbucks) would be where locations = are getting so numerous that the new facilities begin to cannibalize the = existing ones. If the existing ones are overwhelmed with demand beyond = capacity, that may be ok, but if not it's really bad.=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_00E2_01C24E19.9467BA50 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
market saturation, in this case (and = Starbucks)=20 would be where locations are getting so numerous that the new facilities = begin=20 to cannibalize the existing ones. If the existing ones are overwhelmed = with=20 demand beyond capacity, that may be ok, but if not it's really bad.=20
 
----- Original Message -----=20
From: Mike=20 Gibbons
Sent: Tuesday, August 27, 2002 3:35 PM
Subject: RE: [CANSLIM] CSTR

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_00E2_01C24E19.9467BA50-- - - - -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 #2874 ****************************** 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.