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------------------------------
Date: Wed, 28 Aug 2002 06:58:11 -0700 (PDT)
From: Sol Mayer <smaye1211@yahoo.com>
Subject: Re: [CANSLIM] CSTR
- --0-1750698233-1030543091=:76291
Content-Type: text/plain; charset=us-ascii
I see all the talk about CSTR I remember reading an article a few years ago that the guy came up with this idea while on the golf course and he found someone to build the machines for him. At the time I thought it was a pretty dumb idea but it seems there was a mkt for it.
Katherine Malm wrote: Hi Tom, When I mentioned SBUX, I was alluding to the notion that everybody seems to *think* SBUX has saturated their markets, yet when they open new stores they just attract *more* customers.... so with CSTR, the same thing came to mind. The other similarity is in their international expansion plans. Just as there's a whole world of yet-to-be-SBUX-addicts, there's a whole world of coin counting and related services out there.... Katherine ----- Original Message ----- From: Tom Worley To: canslim@lists.xmission.com Sent: Tuesday, August 27, 2002 9:32 PMSubject: Re: [CANSLIM] CSTR
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. ----- Original Message ----- From: Mike Gibbons To: canslim@lists.xmission.com Sent: Tuesday, August 27, 2002 3:35 PMSubject: 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 GibbonsProactive Technologies, LLChttp://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 TaggartSent: Tuesday, August 27, 2002 9:08 AMTo: canslim@lists.xmission.comSubject: 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: <michael_niemotka@baxter.com>
To: <canslim@lists.xmission.com>
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
| <ed@macktracks.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
- ---------------------------------
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<P>I see all the talk about CSTR I remember reading an article a few years ago that the guy came up with this idea while on the golf course and he found someone to build the machines for him. At the time I thought it was a pretty dumb idea but it seems there was a mkt for it.
<DIV><FONT face="Times New Roman" size=3>Hi Tom,</FONT></DIV>
<DIV><FONT face="Times New Roman" size=3></FONT> </DIV>
<DIV><FONT face="Times New Roman" size=3>When I mentioned SBUX, I was alluding to the notion that everybody seems to *think* SBUX has saturated their markets, yet when they open new stores they just attract *more* customers.... so with CSTR, the same thing came to mind. The other similarity is in their international expansion plans. Just as there's a whole world of yet-to-be-SBUX-addicts, there's a whole world of coin counting and related services out there....</FONT></DIV>
<DIV><FONT face="Times New Roman" size=3></FONT> </DIV>
<DIV><FONT face="Times New Roman" size=3>Katherine</FONT></DIV>
<DIV><FONT face=Arial size=3>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. </FONT></DIV>
<DIV> </DIV>
<DIV style="FONT: 10pt arial">----- Original Message -----
<DIV style="BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> <A title=mikegibbons@proactech.com href="mailto:mikegibbons@proactech.com">Mike Gibbons</A> </DIV>
<DIV><SPAN class=120400119-27082002><FONT face=Tahoma color=#000080>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.</FONT></SPAN></DIV>
<DIV> </DIV>I have a bunch of coin rolls located on my dresser and just fill them up as<BR>I go (except for the pennies which go in a bucket in my closet) Once a roll<BR>is filled I then use it to buy gas. The gas station people never seem to<BR>mind getting a $10 quarter roll or a $2 nickel roll. It works for me<BR>because like you I will never haul my change to the store only to be charged<BR>for it.<BR><BR>Happy Trading,<BR>David Taggart<BR><BR>-----Original Message-----<BR>From: owner-canslim@lists.xmission.com<BR>[mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm<BR>Sent: Tuesday, August 27, 2002 9:51 AM<BR>To: canslim@lists.xmission.com<BR>Subject: Re: [CANSLIM] CSTR<BR><BR><BR>Hi Mike,<BR><BR>Technically, this chart is about as good as it gets in a market like this--A<BR>handle 8/1 to 8/14, breakout 8/15 on volume, an orderly pullback to the<BR>pivot since then. I'd be hard pressed to fault the technicals unless you<BR>want to argue the somewhat light volume on the right side of the cup, which<BR>I won't, because it's insignificant in my mind.<BR><BR>There are a couple of things that kept me away from CSTR---high debt load<BR>(though they've been restructuring debt recently, so they stay in my sights<BR>in the meantime) and low ROE of 5% (primarily because they only turned EPS<BR>positive in the last 4 quarters). Given the market is on shaky ground, I'd<BR>rather sit back and watch the behavior of the stock than to dive<BR>in....preferring to stalk the trade on other stocks which are fundamentally<BR>stronger, but not yet finished with their bases. I also like to sit back and<BR>watch most of the early stocks out of the gate after a follow-through and<BR>see how they're acting, CSTR included.<BR><BR>I've often scratched my head at the business model.....seemed crazy that you<BR>would *pay* to count your change and be happy to receive some crisp dollar<BR>bills and a few store coupons for the "privilege." But I understand they're<BR>appealing to a part of the population that is primarily cash-based and not<BR>to those of us who've forgotten what it looks like and instead use our ATM<BR>card for everything. Recently, however, I've had a greater appreciation for<BR>their "service" as my bank has stopped waiving their coin counting fees<BR>after doing so for, well, forever.... We've always kept a "change can" and<BR>dumped our change each day. When it's full, it's about $200....I'd make my<BR>ritual trek to the bank to have them count it out, then that evening we<BR>would go out for a pricey dinner, something we rarely do. Now that they're<BR>charging, however, the CSTR kiosks become an alternative. Personally, I'm<BR>too cheap to pay *anybody* to count my money for me, so I won't be using the<BR>bank *or* CSTR...but I'll bet you there are many folks who would consider<BR>it. The blurb I saw on the OffWallStreet report mentioned something about<BR>"saturation." Though I haven't seen the report and know nothing more than<BR>this, I have only one thought when I hear something like that in the same<BR>breath as CSTR----Starbucks.<BR><BR>Katherine<BR><BR><BR>----- Original Message -----<BR>From: <michael_niemotka@baxter.com><BR>To: <canslim@lists.xmission.com><BR>Sent: Tuesday, August 27, 2002 10:22 AM<BR>Subject: RE: [CANSLIM] CSTR<BR><BR><BR>|<BR>| I appreciate all the advice that I have gotten. It is when stuff like<BR>this<BR>| happens that makes me question a trading "method". I'm sure if CSTR stays<BR>| down, it will only be a matter of time before I see and IBD write up using<BR>| their famous 20-20 hindsight to show why it was destined to fall. Does<BR>| anyone else see anything in the price volume action that would lead them<BR>to<BR>| believe that this was going to happen, or is it the M that is still not<BR>| strong enough?<BR>|<BR>| Okay, now I feel a bit better after venting. Thank you all!<BR>|<BR>|<BR>| Mike Niemotka , PE<BR>| Sr. Principal Engineer<BR>| Baxter Healthcare Corporation<BR>| Route 120 & Wilson Road<BR>| Round Lake, IL 60073<BR>| Tel (847) 270-4075<BR>| Fax (847) 270-4525<BR>| michael_niemotka@baxter.com<BR>|<BR>|<BR>|<BR>| "Edward W. Gjertsen<BR>| II" To:<BR>canslim@lists.xmission.com<BR>| <ed@macktracks.com> cc:<BR>| Sent by: Subject: RE:<BR>[CANSLIM] CSTR<BR>| owner-canslim@lists.xm<BR>| ission.com<BR>|<BR>|<BR>| 08/27/2002 10:09 AM<BR>| Please respond to<BR>| canslim<BR>|<BR>|<BR>|<BR>|<BR>|<BR>|<BR>| Dear Mike<BR>|<BR>| CSTR was a favorite of many Canslimers - with the problems we faced with<BR>| buying CVH recently (too many chasing too few) we are seeing similar<BR>| results, which unfortunately are on the downside. You mentioned that<BR>| you got into the office late. Remember - there are people who do this<BR>| for a living with millions at stake. A slight smell of weakness and<BR>| they may sell some of their position to take some risk off the table -<BR>| selling begets selling and before you know it CSTR is down over 20%. We<BR>| have been in this situation several times before - and sold quickly -<BR>| and yes much to our chagrin - some stocks came roaring back - but in<BR>| other cases the stock kept declining. Throw out your ego - sell - and<BR>| if CSTR sets up again look at buying it. I don't want to get too deep<BR>| into wash sale rules, but you can't take and loss on CSTR if you buy it<BR>| back within 30 days. Good luck<BR>|<BR>| Ed Gjertsen II<BR>| ed@macktracks.com<BR>|<BR>| -----Original Message-----<BR>| From: owner-canslim@lists.xmission.com<BR>| [mailto:owner-canslim@lists.xmission.com] On Behalf Of<BR>| michael_niemotka@baxter.com<BR>| Sent: Tuesday, August 27, 2002 9:25 AM<BR>| To: canslim@lists.xmission.com<BR>| Subject: [CANSLIM] CSTR<BR>|<BR>| Does anyone know what is going on with this stock? Got in late to the<BR>| office today and it is down 18%!!!<BR>|<BR>| I know we are supposed to sell at 7-8%, but now do I sell anyway, or<BR>| wait<BR>| it out to see if the day may turn a bit?<BR>|<BR>| Thanks<BR>|<BR>| Mike Niemotka , PE<BR>| Sr. Principal Engineer<BR>| Baxter Healthcare Corporation<BR>| Route 120 & Wilson Road<BR>| Round Lake, IL 60073<BR>| Tel (847) 270-4075<BR>| Fax (847) 270-4525<BR>| michael_niemotka@baxter.com<BR></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE><p><br><hr size=1><b>Do You Yahoo!?</b><br>
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- -In the email body, write "subscribe canslim" or
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------------------------------
Date: Wed, 28 Aug 2002 06:59:09 -0700 (PDT)
From: Sol Mayer <smaye1211@yahoo.com>
Subject: Re: [CANSLIM] CSTR
- --0-1138341626-1030543149=:3529
Content-Type: text/plain; charset=us-ascii
SBUX is aggresively expanding overseas
Tom Worley wrote: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. ----- Original Message ----- From: Mike Gibbons To: canslim@lists.xmission.com Sent: Tuesday, August 27, 2002 3:35 PMSubject: 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 GibbonsProactive Technologies, LLChttp://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 TaggartSent: Tuesday, August 27, 2002 9:08 AMTo: canslim@lists.xmission.comSubject: 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: <michael_niemotka@baxter.com>
To: <canslim@lists.xmission.com>
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
| <ed@macktracks.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
<DIV><FONT face=Arial size=3>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. </FONT></DIV>
<DIV> </DIV>
<DIV style="FONT: 10pt arial">----- Original Message -----
<DIV style="BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> <A title=mikegibbons@proactech.com href="mailto:mikegibbons@proactech.com">Mike Gibbons</A> </DIV>
<DIV><SPAN class=120400119-27082002><FONT face=Tahoma color=#000080>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.</FONT></SPAN></DIV>
<DIV> </DIV>I have a bunch of coin rolls located on my dresser and just fill them up as<BR>I go (except for the pennies which go in a bucket in my closet) Once a roll<BR>is filled I then use it to buy gas. The gas station people never seem to<BR>mind getting a $10 quarter roll or a $2 nickel roll. It works for me<BR>because like you I will never haul my change to the store only to be charged<BR>for it.<BR><BR>Happy Trading,<BR>David Taggart<BR><BR>-----Original Message-----<BR>From: owner-canslim@lists.xmission.com<BR>[mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm<BR>Sent: Tuesday, August 27, 2002 9:51 AM<BR>To: canslim@lists.xmission.com<BR>Subject: Re: [CANSLIM] CSTR<BR><BR><BR>Hi Mike,<BR><BR>Technically, this chart is about as good as it gets in a market like this--A<BR>handle 8/1 to 8/14, breakout 8/15 on volume, an orderly pullback to the<BR>pivot since then. I'd be hard pressed to fault the technicals unless you<BR>want to argue the somewhat light volume on the right side of the cup, which<BR>I won't, because it's insignificant in my mind.<BR><BR>There are a couple of things that kept me away from CSTR---high debt load<BR>(though they've been restructuring debt recently, so they stay in my sights<BR>in the meantime) and low ROE of 5% (primarily because they only turned EPS<BR>positive in the last 4 quarters). Given the market is on shaky ground, I'd<BR>rather sit back and watch the behavior of the stock than to dive<BR>in....preferring to stalk the trade on other stocks which are fundamentally<BR>stronger, but not yet finished with their bases. I also like to sit back and<BR>watch most of the early stocks out of the gate after a follow-through and<BR>see how they're acting, CSTR included.<BR><BR>I've often scratched my head at the business model.....seemed crazy that you<BR>would *pay* to count your change and be happy to receive some crisp dollar<BR>bills and a few store coupons for the "privilege." But I understand they're<BR>appealing to a part of the population that is primarily cash-based and not<BR>to those of us who've forgotten what it looks like and instead use our ATM<BR>card for everything. Recently, however, I've had a greater appreciation for<BR>their "service" as my bank has stopped waiving their coin counting fees<BR>after doing so for, well, forever.... We've always kept a "change can" and<BR>dumped our change each day. When it's full, it's about $200....I'd make my<BR>ritual trek to the bank to have them count it out, then that evening we<BR>would go out for a pricey dinner, something we rarely do. Now that they're<BR>charging, however, the CSTR kiosks become an alternative. Personally, I'm<BR>too cheap to pay *anybody* to count my money for me, so I won't be using the<BR>bank *or* CSTR...but I'll bet you there are many folks who would consider<BR>it. The blurb I saw on the OffWallStreet report mentioned something about<BR>"saturation." Though I haven't seen the report and know nothing more than<BR>this, I have only one thought when I hear something like that in the same<BR>breath as CSTR----Starbucks.<BR><BR>Katherine<BR><BR><BR>----- Original Message -----<BR>From: <michael_niemotka@baxter.com><BR>To: <canslim@lists.xmission.com><BR>Sent: Tuesday, August 27, 2002 10:22 AM<BR>Subject: RE: [CANSLIM] CSTR<BR><BR><BR>|<BR>| I appreciate all the advice that I have gotten. It is when stuff like<BR>this<BR>| happens that makes me question a trading "method". I'm sure if CSTR stays<BR>| down, it will only be a matter of time before I see and IBD write up using<BR>| their famous 20-20 hindsight to show why it was destined to fall. Does<BR>| anyone else see anything in the price volume action that would lead them<BR>to<BR>| believe that this was going to happen, or is it the M that is still not<BR>| strong enough?<BR>|<BR>| Okay, now I feel a bit better after venting. Thank you all!<BR>|<BR>|<BR>| Mike Niemotka , PE<BR>| Sr. Principal Engineer<BR>| Baxter Healthcare Corporation<BR>| Route 120 & Wilson Road<BR>| Round Lake, IL 60073<BR>| Tel (847) 270-4075<BR>| Fax (847) 270-4525<BR>| michael_niemotka@baxter.com<BR>|<BR>|<BR>|<BR>| "Edward W. Gjertsen<BR>| II" To:<BR>canslim@lists.xmission.com<BR>| <ed@macktracks.com> cc:<BR>| Sent by: Subject: RE:<BR>[CANSLIM] CSTR<BR>| owner-canslim@lists.xm<BR>| ission.com<BR>|<BR>|<BR>| 08/27/2002 10:09 AM<BR>| Please respond to<BR>| canslim<BR>|<BR>|<BR>|<BR>|<BR>|<BR>|<BR>| Dear Mike<BR>|<BR>| CSTR was a favorite of many Canslimers - with the problems we faced with<BR>| buying CVH recently (too many chasing too few) we are seeing similar<BR>| results, which unfortunately are on the downside. You mentioned that<BR>| you got into the office late. Remember - there are people who do this<BR>| for a living with millions at stake. A slight smell of weakness and<BR>| they may sell some of their position to take some risk off the table -<BR>| selling begets selling and before you know it CSTR is down over 20%. We<BR>| have been in this situation several times before - and sold quickly -<BR>| and yes much to our chagrin - some stocks came roaring back - but in<BR>| other cases the stock kept declining. Throw out your ego - sell - and<BR>| if CSTR sets up again look at buying it. I don't want to get too deep<BR>| into wash sale rules, but you can't take and loss on CSTR if you buy it<BR>| back within 30 days. Good luck<BR>|<BR>| Ed Gjertsen II<BR>| ed@macktracks.com<BR>|<BR>| -----Original Message-----<BR>| From: owner-canslim@lists.xmission.com<BR>| [mailto:owner-canslim@lists.xmission.com] On Behalf Of<BR>| michael_niemotka@baxter.com<BR>| Sent: Tuesday, August 27, 2002 9:25 AM<BR>| To: canslim@lists.xmission.com<BR>| Subject: [CANSLIM] CSTR<BR>|<BR>| Does anyone know what is going on with this stock? Got in late to the<BR>| office today and it is down 18%!!!<BR>|<BR>| I know we are supposed to sell at 7-8%, but now do I sell anyway, or<BR>| wait<BR>| it out to see if the day may turn a bit?<BR>|<BR>| Thanks<BR>|<BR>| Mike Niemotka , PE<BR>| Sr. Principal Engineer<BR>| Baxter Healthcare Corporation<BR>| Route 120 & Wilson Road<BR>| Round Lake, IL 60073<BR>| Tel (847) 270-4075<BR>| Fax (847) 270-4525<BR>| michael_niemotka@baxter.com<BR>|<BR>|<BR>|<BR>| -<BR>| -To subscribe/unsubscribe, email "majordomo@xmission.com"<BR>| -In the email body, write "subscribe canslim" or<BR>| -"unsubscribe canslim". Do not use quotes in your email.<BR>|<BR>|<BR>| -<BR>| -To subscribe/unsubscribe, email "majordomo@xmission.com"<BR>| -In the email body, write "subscribe canslim" or<BR>| -"unsubscribe canslim". Do not use quotes in your email.<BR>|<BR>|<BR>|<BR>|<BR>|<BR>|<BR>|<BR>| -<BR>| -To subscribe/unsubscribe, email "majordomo@xmission.com"<BR>| -In the email body, write "subscribe canslim" or<BR>| -"unsubscribe canslim". Do not use quotes in your email.<BR><BR><BR>-<BR>-To subscribe/unsubscribe, email "majordomo@xmission.com"<BR>-In the email body, write "subscribe canslim" or<BR>-"unsubscribe canslim". Do not use quotes in your email.<BR><BR><BR>-<BR>-To subscribe/unsubscribe, email "majordomo@xmission.com"<BR>-In the email body, write "subscribe canslim" or<BR>-"unsubscribe canslim". Do not use quotes in your email.<BR></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE><p><br><hr size=1><b>Do You Yahoo!?</b><br>
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