CSTR (Initiating Coverage)

[AlfredBete]

CSTR - (LONG/$61.9 Stop) - Got a big pop to the upside on April 19th after reporting earnings and has been selling off ever since. Today, NFLX reported weaker subscriber growth and is down 15 pre-market. CSTR is the company that makes the RedBox, a convenient DVD rental service. The negative NFLX news should help lift CSTR shares. Aggressive traders would be buying today against a $61.9 Stop and the more conservative trader will wait for a close above $64 before getting involved. Either way, the risk/reward for the CSTR trade is very good.

[AmosSpina5]

What the hell are you talking about? CSTR last reported earnings on 2/6 and is not scheduled to report again until 4/26. Furthermore, 4/19 was a down day for CSTR. Your post makes no sense.

[AmandaSa]

Now is a risky time to be buying, but CSTR does have a buy point at 63.89 along with a bounce from the 50-day moving average. Of note CSTR already experienced a failed breakout from this point.

It appears what "Sentient Trading Partners" is refering to is that CSTR's pre-announced better than expected earnings about a week and half ago. You can find the correct details here:

"Coinstar Results Show Redbox Price Increase Accepted
By PATRICK SEITZ, INVESTOR'S BUSINESS DAILY

[Antanykki]

Shares of Coinstar (CSTR), owner of the Redbox DVD rental kiosk chain, spiked to an all-time high on Friday after the company late Thursday pre-announced much-better-than-expected first-quarter results.
Coinstar ended the day up 7.3 to 65.78. Earlier in the session it hit a record high of 69.74..."

[aqiqieoirz]

With the overall market now in accumulation, CSTR is a potential buy as it bounces from 50-day and has sliced through the 63.89 buy point. A buy there to 5 above most recent highs would be reasonable for the intermediate speculator.