From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #2877 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 Wednesday, August 28 2002 Volume 02 : Number 2877 In this issue: Re: [CANSLIM] CSTR Re: [CANSLIM] CSTR Re: [CANSLIM] CSTR Re: [CANSLIM] CSTR RE: [CANSLIM] CSTR Re: [CANSLIM] CSTR Re: [CANSLIM] CSTR ---------------------------------------------------------------------- Date: Wed, 28 Aug 2002 07:56:27 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] CSTR This is a multi-part message in MIME format. - ------=_NextPart_000_00B1_01C24E68.69E054F0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I must say, an impressive rebuttal to an unpublished critical report. I = like the fact they responded in a timely manner as well. Their use of fully depreciated machines in banks on a pilot program on a = flat rate revenue basis is interesting, especially given one members = comment that their bank no longer counts coins for free. would be interesting to see the off wall st report to see if it makes = equal sense. goes back to the issue of the analyst's agenda. - ----- Original Message -----=20 From: Winston Little=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 28, 2002 7:43 AM Subject: [CANSLIM] CSTR see www.businesswire.com for the 07:30am story -- CSTR comments on = recent "Research Report" from Off Wall Street. - ------=_NextPart_000_00B1_01C24E68.69E054F0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable

I must say, an impressive rebuttal to an = unpublished=20 critical report. I like the fact they responded in a timely manner as=20 well.

Their use of fully depreciated machines in banks = on a=20 pilot program on a flat rate revenue basis is interesting, especially = given one=20 members comment that their bank no longer counts coins for = free.

would be interesting to see the off wall st = report to see=20 if it makes equal sense. goes back to the issue of the analyst's=20 agenda.

----- Original Message -----=20

From: Winston=20 Little

To: canslim@lists.xmission.com=

Sent: Wednesday, August 28, 2002 7:43 AM

Subject: [CANSLIM] CSTR

see www.businesswire.com for the = 07:30am=20 story -- CSTR comments on recent "Research Report" from Off Wall=20 Street.

- ------=_NextPart_000_00B1_01C24E68.69E054F0-- - - - -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: Wed, 28 Aug 2002 07:02:25 -0500 From: "Norman" Subject: Re: [CANSLIM] CSTR I was afraid of that, more work on our part to learn what the analysts are going to announce, before they announce it:-( Thanks for the view point, Tom. Here ya go Katherine, another entry for the group FAQ: "s _ _ t happens" Norm - ----- Original Message ----- From: "Tom Worley" To: Sent: Wednesday, August 28, 2002 6:45 AM Subject: Re: [CANSLIM] CSTR > the lesson to learn from CSTR is that s _ _ t happens, and sometimes you > simply cannot see it coming, or avoid it. On the other hand, if the rumor of > a report alleging "saturation" is correct, then your own due diligence might > have drawn you to the same conclusion, and kept you out of the stock. As > Katherine pointed out, SBUX has had to deal with this issue, so far > successfully. Others have pointed out KKD as a saturation candidate, hasn't > stopped it going up either over the past year. > > On the other hand, both SBUX and KKD now have charts that most CANSLIMers > would avoid, with SBUX forming a handle in the lower half of the cup, and > KKD in a downtrend. Maybe saturation is finally a concern that the market is > starting to believe, or has finally become real. Compared to this, CSTR's > chart looks pretty good. For me, their business simply never made sense, > that's why I had no interest in it. I put my quarters in the piggy bank, and > roll them myself when its full. I use my pennies, nickels and dimes when I > buy something in order to get more quarters back, or only get paper bills. > So I never accumulate large amounts of coins, and have a limited amount of > coins jingling in my pocket each day (and yes, I will stoop over and pick up > those pennies that others throw away, it may save me having to get more on a > future purchase). > > ----- Original Message ----- > From: "Norman" > To: > Sent: Wednesday, August 28, 2002 7:32 AM > Subject: Re: [CANSLIM] CSTR > > > I agree Tom, too much unknown about what their agenda is. However, in the > case of CSTR, the chart is too late to help a poor CAN SLIMer. I have been > in and out of EASI in the past (pre-9/11) and found that a particular > analyst kept killing rallies after short gains; no good reason other than he > thought it was "overvalued". It almost seems that we need to know the > analysts who are covering our holdings, know their history regarding those > holdings, and read their reports, hopefully before everyone else does. I > dunno, seems like a catch 22. > > Norm > ----- Original Message ----- > From: "Tom Worley" > To: > Sent: Wednesday, August 28, 2002 6:26 AM > Subject: Re: [CANSLIM] CSTR > > > > one of the problems I have with analysts is that they don't put all their > > cards on the table where we can see them. You don't know what their > "hidden > > agenda" is, or where their interests lie. Certainly recent legal action > has > > shown us that they can tout stocks to the public, while trashing them > within > > their own organization. And we have also seen that they can continue to > > recommend stocks like Enron all the way into bankruptcy. > > > > Yes, they very definitely can have an impact if they have a following, or > > work for a brokerage house with a sufficiently sized retail force. Nothing > > wrong in listening to an analyst (if you don't mind your mind and thinking > > process being potentially polluted and corrupted), but take what they say > > and apply simply common sense and logic to it. Ultimately, let the chart > and > > the fundamentals steer your decision making however, not what some analyst > > is saying. Far too often what they say today only lasts today, by tomorrow > > they may say something totally contradictory. > > > > The charts are fact, an analyst's report is an opinion. > > > > ----- Original Message ----- > > From: "Norman" > > To: > > Sent: Wednesday, August 28, 2002 7:16 AM > > Subject: Re: [CANSLIM] CSTR > > > > > > Bill et al, > > > > RE the comments on a sell off of CSTR due to a "sell report". How come > > 'everyone else' is apparently listening to analysts while us CAN SLIMers > are > > supposed to ignore them as irrelevant? This has always puzzled me. Or, > can > > this "Off Wall Street" be considered one of the analysts to be ignored; or > > are they some other kind of M animal? Sure seems like analysts have an > > impact, time and again, even though WON says to disregard their advice. > > > > Norm > > > > ----- Original Message ----- > > From: "Bill Triffet" > > To: > > Sent: Tuesday, August 27, 2002 11:29 PM > > Subject: Re: [CANSLIM] CSTR > > > > > > > Just to add - IBD mentioned tonight, A sell report from Off Wall Street > > > Consulting Group caused the selloff. > > > > > > Taken from another site: "Off Wall Street, based in Cambridge, > > > Massachusetts, declined to confirm it had issued a report and said its > > > research is provided only to clients who pay for the service." > > > > > > That explains the lack of news during the day. > > > > > > -Bill > > > > > > ----- Original Message ----- > > > From: "Tom Worley" > > > To: > > > Sent: Tuesday, August 27, 2002 7:16 PM > > > 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. > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Wed, 28 Aug 2002 07:09:52 -0500 From: "Norman" Subject: Re: [CANSLIM] CSTR I just heard on Squawk Box (along with everyone else out there) that "Off Wall Street" is known for issuing "short" reports. Not sure exactly what that means; maybe someone else here can explain. Sounds like a report to set up clients that are shorting:-0 ....naw, that can't be; they wouldn't do that:-) Also, some official from CSTR will be on squawk box tomorrow morn; I think that was the show the mentioned. Norm - ----- Original Message ----- From: "Tom Worley" To: Sent: Wednesday, August 28, 2002 6:56 AM Subject: Re: [CANSLIM] CSTR I must say, an impressive rebuttal to an unpublished critical report. I like the fact they responded in a timely manner as well. Their use of fully depreciated machines in banks on a pilot program on a flat rate revenue basis is interesting, especially given one members comment that their bank no longer counts coins for free. would be interesting to see the off wall st report to see if it makes equal sense. goes back to the issue of the analyst's agenda. - ----- Original Message ----- From: Winston Little To: canslim@lists.xmission.com Sent: Wednesday, August 28, 2002 7:43 AM Subject: [CANSLIM] CSTR see www.businesswire.com for the 07:30am story -- CSTR comments on recent "Research Report" from Off Wall Street. - - - -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: Wed, 28 Aug 2002 08:18:59 -0400 From: "Winston Little" Subject: Re: [CANSLIM] CSTR My recollection is that Roger Tawa pointed out that "SHIFT happens" not "S--T". The CSTR COO is targeted to be on CNBC Squawk Box at 07:30 am Thu. 29 Aug.2002. - ----- Original Message ----- From: "Norman" To: Sent: Wednesday, August 28, 2002 8:02 AM Subject: Re: [CANSLIM] CSTR > I was afraid of that, more work on our part to learn what the analysts are > going to announce, before they announce it:-( > Thanks for the view point, Tom. > > Here ya go Katherine, another entry for the group FAQ: "s _ _ t happens" > > Norm > ----- Original Message ----- > From: "Tom Worley" > To: > Sent: Wednesday, August 28, 2002 6:45 AM > Subject: Re: [CANSLIM] CSTR > > > > the lesson to learn from CSTR is that s _ _ t happens, and sometimes you > > simply cannot see it coming, or avoid it. On the other hand, if the rumor > of > > a report alleging "saturation" is correct, then your own due diligence > might > > have drawn you to the same conclusion, and kept you out of the stock. As > > Katherine pointed out, SBUX has had to deal with this issue, so far > > successfully. Others have pointed out KKD as a saturation candidate, > hasn't > > stopped it going up either over the past year. > > > > On the other hand, both SBUX and KKD now have charts that most CANSLIMers > > would avoid, with SBUX forming a handle in the lower half of the cup, and > > KKD in a downtrend. Maybe saturation is finally a concern that the market > is > > starting to believe, or has finally become real. Compared to this, CSTR's > > chart looks pretty good. For me, their business simply never made sense, > > that's why I had no interest in it. I put my quarters in the piggy bank, > and > > roll them myself when its full. I use my pennies, nickels and dimes when I > > buy something in order to get more quarters back, or only get paper bills. > > So I never accumulate large amounts of coins, and have a limited amount of > > coins jingling in my pocket each day (and yes, I will stoop over and pick > up > > those pennies that others throw away, it may save me having to get more on > a > > future purchase). > > > > ----- Original Message ----- > > From: "Norman" > > To: > > Sent: Wednesday, August 28, 2002 7:32 AM > > Subject: Re: [CANSLIM] CSTR > > > > > > I agree Tom, too much unknown about what their agenda is. However, in the > > case of CSTR, the chart is too late to help a poor CAN SLIMer. I have > been > > in and out of EASI in the past (pre-9/11) and found that a particular > > analyst kept killing rallies after short gains; no good reason other than > he > > thought it was "overvalued". It almost seems that we need to know the > > analysts who are covering our holdings, know their history regarding those > > holdings, and read their reports, hopefully before everyone else does. I > > dunno, seems like a catch 22. > > > > Norm > > ----- Original Message ----- > > From: "Tom Worley" > > To: > > Sent: Wednesday, August 28, 2002 6:26 AM > > Subject: Re: [CANSLIM] CSTR > > > > > > > one of the problems I have with analysts is that they don't put all > their > > > cards on the table where we can see them. You don't know what their > > "hidden > > > agenda" is, or where their interests lie. Certainly recent legal action > > has > > > shown us that they can tout stocks to the public, while trashing them > > within > > > their own organization. And we have also seen that they can continue to > > > recommend stocks like Enron all the way into bankruptcy. > > > > > > Yes, they very definitely can have an impact if they have a following, > or > > > work for a brokerage house with a sufficiently sized retail force. > Nothing > > > wrong in listening to an analyst (if you don't mind your mind and > thinking > > > process being potentially polluted and corrupted), but take what they > say > > > and apply simply common sense and logic to it. Ultimately, let the chart > > and > > > the fundamentals steer your decision making however, not what some > analyst > > > is saying. Far too often what they say today only lasts today, by > tomorrow > > > they may say something totally contradictory. > > > > > > The charts are fact, an analyst's report is an opinion. > > > > > > ----- Original Message ----- > > > From: "Norman" > > > To: > > > Sent: Wednesday, August 28, 2002 7:16 AM > > > Subject: Re: [CANSLIM] CSTR > > > > > > > > > Bill et al, > > > > > > RE the comments on a sell off of CSTR due to a "sell report". How come > > > 'everyone else' is apparently listening to analysts while us CAN SLIMers > > are > > > supposed to ignore them as irrelevant? This has always puzzled me. Or, > > can > > > this "Off Wall Street" be considered one of the analysts to be ignored; > or > > > are they some other kind of M animal? Sure seems like analysts have an > > > impact, time and again, even though WON says to disregard their advice. > > > > > > Norm > > > > > > ----- Original Message ----- > > > From: "Bill Triffet" > > > To: > > > Sent: Tuesday, August 27, 2002 11:29 PM > > > Subject: Re: [CANSLIM] CSTR > > > > > > > > > > Just to add - IBD mentioned tonight, A sell report from Off Wall > Street > > > > Consulting Group caused the selloff. > > > > > > > > Taken from another site: "Off Wall Street, based in Cambridge, > > > > Massachusetts, declined to confirm it had issued a report and said its > > > > research is provided only to clients who pay for the service." > > > > > > > > That explains the lack of news during the day. > > > > > > > > -Bill > > > > > > > > ----- Original Message ----- > > > > From: "Tom Worley" > > > > To: > > > > Sent: Tuesday, August 27, 2002 7:16 PM > > > > 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. > > > > > > > > > > > > - > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > -In the email body, write "subscribe canslim" or > > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Wed, 28 Aug 2002 08:23:27 -0400 From: "Cefaloni, John L Jr. [AMSTA-AR-WEA]" Subject: RE: [CANSLIM] CSTR You know, in reference to your earlier point about how sometimes M "listens" to analysts and sometimes they don't and the trick is to know what time it is, I offer this opinion: It seems like M listens more closely to sell-side analysts in bear markets and vice-versa. Maybe it's what it wants to hear. - -----Original Message----- From: Norman [mailto:theboyd@tisd.net] Sent: Wednesday, August 28, 2002 8:10 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] CSTR I just heard on Squawk Box (along with everyone else out there) that "Off Wall Street" is known for issuing "short" reports. Not sure exactly what that means; maybe someone else here can explain. Sounds like a report to set up clients that are shorting:-0 ....naw, that can't be; they wouldn't do that:-) Also, some official from CSTR will be on squawk box tomorrow morn; I think that was the show the mentioned. Norm - ----- Original Message ----- From: "Tom Worley" To: Sent: Wednesday, August 28, 2002 6:56 AM Subject: Re: [CANSLIM] CSTR I must say, an impressive rebuttal to an unpublished critical report. I like the fact they responded in a timely manner as well. Their use of fully depreciated machines in banks on a pilot program on a flat rate revenue basis is interesting, especially given one members comment that their bank no longer counts coins for free. would be interesting to see the off wall st report to see if it makes equal sense. goes back to the issue of the analyst's agenda. - ----- Original Message ----- From: Winston Little To: canslim@lists.xmission.com Sent: Wednesday, August 28, 2002 7:43 AM Subject: [CANSLIM] CSTR see www.businesswire.com for the 07:30am story -- CSTR comments on recent "Research Report" from Off Wall Street. - - - -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: Wed, 28 Aug 2002 08:20:42 -0500 From: michael_niemotka@baxter.com Subject: Re: [CANSLIM] CSTR Ian, So when something starts to tank,and if you think it was going even lower, you can still short it? Mike Niemotka , PE Sr. Principal Engineer Baxter Healthcare Corporation Route 120 & Wilson Road Round Lake, IL 60073 Tel (847) 270-4075 Fax (847) 270-4525 michael_niemotka@baxter.com Ian Sent by: To: canslim@lists.xmission.com owner-canslim@lists.xm cc: ission.com Subject: Re: [CANSLIM] CSTR 08/27/2002 11:11 PM Please respond to canslim Mike: As far as I know, and my personal observations seem to have confirmed it, there is no uptick rule on the NASDAQ. You can short at market if you like. Ian - ----- Original Message ----- From: To: Sent: Tuesday, August 27, 2002 1:12 PM Subject: Re: [CANSLIM] CSTR > > Question about selling short: > > From what I understand, you can only sell short on an uptick, but is it > possible to put in a short sell order, that you hope gets done if the stock > has a single uptick on it's way down? > > Thanks > > > Mike Niemotka , PE > Sr. Principal Engineer > Baxter Healthcare Corporation > Route 120 & Wilson Road > Round Lake, IL 60073 > Tel (847) 270-4075 > Fax (847) 270-4525 > michael_niemotka@baxter.com > > > > "david frank" > .net> cc: > Sent by: Subject: Re: [CANSLIM] CSTR > owner-canslim@lists.xm > ission.com > > > 08/27/2002 03:09 PM > Please respond to > canslim > > > > > > > Ian, what did you see in CSTR as a short sale, technically speaking; don't > see a H&S top, or 2-3 down shoulders, perhaps, a double top? Did you sell > short during the pre-market or regular hours. Nice trade. dave > ----- Original Message ----- > From: "Ian" > 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. > > > > > > > > - > -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: Wed, 28 Aug 2002 08:21:27 -0500 From: "Alicia Lensing" Subject: Re: [CANSLIM] CSTR Ian: On the NASDAQ the uptick rule is in force. Alicia - ----- Original Message ----- From: "Ian" To: Sent: Tuesday, August 27, 2002 11:11 PM Subject: Re: [CANSLIM] CSTR > Mike: > > As far as I know, and my personal observations seem to have confirmed it, > there is no uptick rule on the NASDAQ. You can short at market if you like. > > Ian > > ----- Original Message ----- > From: > To: > Sent: Tuesday, August 27, 2002 1:12 PM > Subject: Re: [CANSLIM] CSTR > > > > > > Question about selling short: > > > > From what I understand, you can only sell short on an uptick, but is it > > possible to put in a short sell order, that you hope gets done if the > stock > > has a single uptick on it's way down? > > > > Thanks > > > > > > Mike Niemotka , PE > > Sr. Principal Engineer > > Baxter Healthcare Corporation > > Route 120 & Wilson Road > > Round Lake, IL 60073 > > Tel (847) 270-4075 > > Fax (847) 270-4525 > > michael_niemotka@baxter.com > > > > > > > > "david frank" > > canslim@lists.xmission.com > > .net> cc: > > Sent by: Subject: Re: > [CANSLIM] CSTR > > owner-canslim@lists.xm > > ission.com > > > > > > 08/27/2002 03:09 PM > > > Please respond to > > canslim > > > > > > > > > > > > > > Ian, what did you see in CSTR as a short sale, technically speaking; don't > > see a H&S top, or 2-3 down shoulders, perhaps, a double top? Did you sell > > short during the pre-market or regular hours. Nice trade. dave > > ----- Original Message ----- > > From: "Ian" > > 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. > > > > > > > > > > > > > > > > - > > -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. ------------------------------ End of canslim-digest V2 #2877 ****************************** 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.