From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #2830 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 Monday, August 19 2002 Volume 02 : Number 2830 In this issue: RE: [CANSLIM] CVH Re: [CANSLIM] CVH ---------------------------------------------------------------------- Date: Mon, 19 Aug 2002 15:29:04 -0500 From: "Edward W. Gjertsen II" Subject: RE: [CANSLIM] CVH This is a multi-part message in MIME format. - ------=_NextPart_000_003B_01C24795.26FC18B0 Content-Type: text/plain; charset="us-ascii" Content-Transfer-Encoding: 7bit Thanks Duke - look, I am letting someone else fight my battles for me. My apologies to the rest of the board! Back to picks. Ed Gjertsen II ed@macktracks.com - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Duke Miller Sent: Monday, August 19, 2002 3:29 PM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] CVH PLEASE, let's don't get one of this personal exchanges going again. If you must throw barbs, do it OFF LIST. Otherwise, you face a strong chance of being vaporized!! Duke - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Edward W. Gjertsen II Sent: Monday, August 19, 2002 3:41 PM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] CVH David -Being in this business for as long as I have and going through this several times in the past, I have a good idea of where the end game is. There are rules in place that protect the specialist. As with any litigation, proving malfeasance or an intent to harm is difficult. In regard to your accusation of being part of the old buddy system, I chose not to respond to an obviously flippant comment. Ed Gjertsen II ed@macktracks.com - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of david frank Sent: Monday, August 19, 2002 2:31 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] CVH Ed, I appreciate your Americana theme. But what happened in CVH today is not a good thing. Of course you probably part of the old buddy system of brokers protecting each other. But filing complaints is a heck of a lot better than facing litigation. david Ed, why suggest malfeasance and not file a complaint? - ----- Original Message ----- From: Gene Ricci To: canslim@lists.xmission.com Sent: Monday, August 19, 2002 2:10 PM Subject: - ----- Original Message ----- From: Edward W. Gjertsen II To: canslim@lists.xmission.com Sent: Monday, August 19, 2002 1:56 PM Subject: RE: [CANSLIM] CVH We had our representative on the NYSE floor go and speak with the specialist - he hid behind "order imbalance" - floor rules. We were asked if we wanted to file a complaint - we decided no. There will be many more battles like this. What is does do is make us look at alternatives. Like I mentioned in an earlier post - Island and other ECN's would have given us a fill around 32.50. So we are exploring our execution options. Our CANSLIM philosophy is broken down into three simple parts: Analysis, Money Management and Execution. This time, the 3rd element, execution, was the weakest link. So , instead of complaining about it, we are doing what American's do best, head to the competition with a better product. Ed Gjertsen II ed@macktracks.com - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of david frank Sent: Monday, August 19, 2002 1:29 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] CVH I got caught in this so-called CVH inbalanced. luckily i had a limit order in place. although limit orders don't work sometimes- because they don't have to execute limit orders, although they are within the price window. of course. there were too many eyes on CVH. i was curious what kind of remedy is there for this specialist's malfeasance, especially for buyers @ 34.50 and above- more than 10 minutes after placing their market orders. david - ----- Original Message ----- From: "Edward W. Gjertsen II" To: Sent: Monday, August 19, 2002 11:36 AM Subject: RE: [CANSLIM] CVH > One of the risks with CANSLIM - too many investors ready to pounce on > too few stocks. We have been stalking CVH for quite a while. We put in > an order prior to it reaching its pivot (cheating) when NYSE on level > two showed $32.40 offer. As CANSLIMR's moved in to buy - the specialist > did not open the book until $34.50. The specialist claimed "order > imbalance" but my source at Pershing said he was working another book. > We were quite upset The stock moved over $2.00 on an imbalance of > 110,000 shs. The market maker was caught flatfooted. We quickly sold > out of our position because we were over the 5% threshold. > > Those trading Island or other ECN's may have been filled around > 32.40-32.50. We watch Time and Sales on all our fills and the only > prints were coming from ECN's. With CANSLIM being one of the most > popular strategies for individual investors, execution is becoming more > and more difficult. > > Ed Gjertsen II > ed@macktracks.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. - ------=_NextPart_000_003B_01C24795.26FC18B0 Content-Type: text/html; charset="us-ascii" Content-Transfer-Encoding: quoted-printable Message

Thanks Duke – look, I am = letting someone else fight my battles for me.  My apologies to the rest of = the board!  Back to picks.

 

Ed Gjertsen II

ed@macktracks.com

=

-----Original = Message-----
From: = owner-canslim@lists.xmission.com<= /span> [mailto:owner-canslim@lists.xmission.com] On Behalf Of Duke Miller
Sent: Monday, August 19, = 2002 3:29 PM
To: canslim@lists.xmission.com<= /span>
Subject: RE: [CANSLIM] = CVH

 

PLEASE, let's don't get one = of this personal exchanges going again.  If you must throw barbs, do it OFF LIST.  Otherwise, you face a strong chance of being = vaporized!!

 

Duke

 

-----Original Message-----
From: = owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Edward W. Gjertsen II
Sent: Monday, August 19, = 2002 3:41 PM
To: = canslim@lists.xmission.com
Subject: RE: [CANSLIM] = CVH

David –Being in this business for as long as I have and going through = this several times in the past, I have a good idea of where the end game = is.  There are rules in place that protect the specialist.  As with any litigation, proving malfeasance or an intent to harm is difficult.  = In regard to your accusation of being part of the old buddy system, I chose = not to respond to an obviously flippant comment.

 

Ed = Gjertsen II

ed@macktracks.com

=

-----Original = Message-----
From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com] On Behalf Of david frank
Sent: Monday, August 19, = 2002 2:31 PM
To: = canslim@lists.xmission.com
Subject: Re: [CANSLIM] = CVH

 

Ed, I appreciate your = Americana theme. But what happened in CVH today is not a good thing. Of course you probably part of the old buddy system of brokers protecting each other. = But filing complaints is a heck of a lot better than facing litigation. = david


 

 

Ed, why suggest malfeasance and not file a complaint? =

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

From: Gene Ricci

Sent: Monday, August 19, 2002 2:10 PM

Subject:

 

 

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

Sent: Monday, August 19, 2002 1:56 PM

Subject: RE: [CANSLIM] CVH

 

We had our representative on the NYSE floor = go and speak with the
specialist - he hid behind "order imbalance" - floor = rules.  We were
asked if we wanted to file a complaint - we decided no.  There will = be
many more battles like this.  What is does do is make us look = at
alternatives.  Like I mentioned in an earlier post - Island and = other
ECN's would have given us a fill around 32.50.  So we are exploring = our
execution options.  Our CANSLIM philosophy is broken down into = three
simple parts: Analysis, Money Management and Execution.  This time, = the
3rd element, execution, was the weakest link.  So , instead of
complaining about it, we are doing what American's do best, head to = the
competition with a better product.

Ed Gjertsen II
ed@macktracks.com

- -----Original Message-----
From: owner-canslim@lists.xmis= sion.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of david frank
Sent: Monday, August 19, 2002 1:29 PM
To: canslim@lists.xmission.com=
Subject: Re: [CANSLIM] CVH

I got caught in this so-called CVH inbalanced. luckily i had a limit
order
in place. although limit orders don't work sometimes- because they = don't
have to execute limit orders, although they are within the price = window.
of
course. there were too many eyes on CVH. i was curious what kind of
remedy
is there for this specialist's malfeasance, especially for buyers @
34.50
and above- more than 10 minutes after placing their market orders. = david
- ----- Original Message -----
From: "Edward W. Gjertsen II" <ed@macktracks.com>
To: <canslim@lists.xmission.com= >
Sent: Monday, August 19, 2002 11:36 AM
Subject: RE: [CANSLIM] CVH


> One of the risks with CANSLIM -  too many investors ready to = pounce on
> too few stocks.  We have been stalking CVH for quite a = while.  We put
in
> an order prior to it reaching its pivot (cheating) when NYSE on = level
> two showed $32.40 offer.  As CANSLIMR's moved in to buy - = the
specialist
> did not open the book until $34.50.  The specialist claimed "order
> imbalance" but my source at Pershing said he was working = another book.
> We were quite upset  The stock moved over $2.00 on an = imbalance of
> 110,000 shs.  The market maker was caught flatfooted.  We quickly sold
> out of our position because we were over the 5% threshold.
>
> Those trading Island or other ECN's may have been filled around
> 32.40-32.50.  We watch Time and Sales on all our fills and the = only
> prints were coming from ECN's.  With CANSLIM being one of the = most
> popular strategies for individual investors, execution is = becoming
more
> and more difficult.
>
> Ed Gjertsen II
> ed@macktracks.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.

- ------=_NextPart_000_003B_01C24795.26FC18B0-- - - - -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: Mon, 19 Aug 2002 17:14:15 -0500 From: "david frank" Subject: Re: [CANSLIM] CVH This is a multi-part message in MIME format. - ------=_NextPart_000_0104_01C247A3.D8450B00 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable MessageDuke, Gene, Ed and all others, i do not believe this is not a = personal battle. i believe Ed and I were upset what happened during the = breakout of CVH , which was a fairly good CANSLIM stock. This could be a = very good case study of a specialist- instead of doing a orderly = market-did the contrary and, perhaps,costing fellow canslimers hundred = of thousands of dollars due to his or her's?????????Could tell you more = about some of the facts in this case-but will not for the interest of = this board. Ed, thank you so much for your first posting-very thought = out and right-especially about "with CANSLIM being one of of the most = popular strategies for individual investors, execution is becoming more = and more difficult." my apologies, david ----- Original Message -----=20 From: Edward W. Gjertsen II=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 19, 2002 3:29 PM Subject: RE: [CANSLIM] CVH Thanks Duke - look, I am letting someone else fight my battles for me. = My apologies to the rest of the board! Back to picks. Ed Gjertsen II ed@macktracks.com -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com] On Behalf Of Duke Miller Sent: Monday, August 19, 2002 3:29 PM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] CVH PLEASE, let's don't get one of this personal exchanges going again. = If you must throw barbs, do it OFF LIST. Otherwise, you face a strong = chance of being vaporized!! Duke -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com] On Behalf Of Edward W. = Gjertsen II Sent: Monday, August 19, 2002 3:41 PM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] CVH David -Being in this business for as long as I have and going = through this several times in the past, I have a good idea of where the = end game is. There are rules in place that protect the specialist. As = with any litigation, proving malfeasance or an intent to harm is = difficult. In regard to your accusation of being part of the old buddy = system, I chose not to respond to an obviously flippant comment.=20 Ed Gjertsen II ed@macktracks.com -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com] On Behalf Of david frank Sent: Monday, August 19, 2002 2:31 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] CVH Ed, I appreciate your Americana theme. But what happened in CVH = today is not a good thing. Of course you probably part of the old buddy = system of brokers protecting each other. But filing complaints is a heck = of a lot better than facing litigation. david=20 =20 Ed, why suggest malfeasance and not file a complaint?=20 ----- Original Message -----=20 From: Gene Ricci=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 19, 2002 2:10 PM Subject:=20 ----- Original Message -----=20 From: Edward W. Gjertsen II=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 19, 2002 1:56 PM Subject: RE: [CANSLIM] CVH We had our representative on the NYSE floor go and speak with = the specialist - he hid behind "order imbalance" - floor rules. We = were asked if we wanted to file a complaint - we decided no. There = will be many more battles like this. What is does do is make us look at alternatives. Like I mentioned in an earlier post - Island and = other ECN's would have given us a fill around 32.50. So we are = exploring our execution options. Our CANSLIM philosophy is broken down into = three simple parts: Analysis, Money Management and Execution. This = time, the 3rd element, execution, was the weakest link. So , instead of complaining about it, we are doing what American's do best, head = to the competition with a better product. Ed Gjertsen II ed@macktracks.com -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of david = frank Sent: Monday, August 19, 2002 1:29 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] CVH I got caught in this so-called CVH inbalanced. luckily i had a = limit order in place. although limit orders don't work sometimes- because = they don't have to execute limit orders, although they are within the price = window. of course. there were too many eyes on CVH. i was curious what kind = of remedy is there for this specialist's malfeasance, especially for = buyers @ 34.50 and above- more than 10 minutes after placing their market = orders. david ----- Original Message ----- From: "Edward W. Gjertsen II" To: Sent: Monday, August 19, 2002 11:36 AM Subject: RE: [CANSLIM] CVH > One of the risks with CANSLIM - too many investors ready to = pounce on > too few stocks. We have been stalking CVH for quite a while. = We put in > an order prior to it reaching its pivot (cheating) when NYSE = on level > two showed $32.40 offer. As CANSLIMR's moved in to buy - the specialist > did not open the book until $34.50. The specialist claimed = "order > imbalance" but my source at Pershing said he was working = another book. > We were quite upset The stock moved over $2.00 on an = imbalance of > 110,000 shs. The market maker was caught flatfooted. We = quickly sold > out of our position because we were over the 5% threshold. > > Those trading Island or other ECN's may have been filled = around > 32.40-32.50. We watch Time and Sales on all our fills and the = only > prints were coming from ECN's. With CANSLIM being one of the = most > popular strategies for individual investors, execution is = becoming more > and more difficult. > > Ed Gjertsen II > ed@macktracks.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. - ------=_NextPart_000_0104_01C247A3.D8450B00 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Message
Duke, Gene, Ed and all others, i do not = believe=20 this is not a personal battle. i believe Ed and I were upset what = happened=20 during the breakout of CVH , which was a fairly good CANSLIM stock. This = could=20 be a very good case study of a specialist- instead of doing a orderly = market-did=20 the contrary and, perhaps,costing fellow canslimers hundred of thousands = of=20 dollars due to his or her's?????????Could tell you more about some of = the facts=20 in this case-but will not for the interest of this board. Ed, thank you = so much=20 for your first posting-very thought out and right-especially about "with = CANSLIM=20 being one of of the most popular strategies for individual investors, = execution=20 is becoming more and more difficult." my apologies, david
----- Original Message -----
From:=20 Edward = W. Gjertsen=20 II
Sent: Monday, August 19, 2002 = 3:29=20 PM
Subject: RE: [CANSLIM] = CVH

Thanks Duke – look, I am = letting someone=20 else fight my battles for me.  My apologies to the rest of the=20 board!  Back to picks.

 

Ed Gjertsen = II

ed@macktracks.com

=

-----Original=20 Message-----
From: = owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]=20 On Behalf Of Duke=20 Miller
Sent: = Monday, August=20 19, 2002 3:29 PM
To:=20 canslim@lists.xmission.com
Subject: RE: [CANSLIM]=20 CVH

 

PLEASE, let's don't get = one of=20 this personal exchanges going again.  If you must throw barbs, do = it OFF=20 LIST.  Otherwise, you face a strong chance of being=20 vaporized!!

 

Duke

 

-----Original=20 Message-----
From:=20 owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]=20 On Behalf Of Edward = W.=20 Gjertsen II
Sent: = Monday,=20 August 19, 2002 3:41 PM
To:=20 canslim@lists.xmission.com
Subject: RE: [CANSLIM]=20 CVH

David –Being in=20 this business for as long as I have and going through this several = times in=20 the past, I have a good idea of where the end game is.  There = are rules=20 in place that protect the specialist.  As with any litigation, = proving=20 malfeasance or an intent to harm is difficult.  In regard to = your=20 accusation of being part of the old buddy system, I chose not to = respond to=20 an obviously flippant comment.

 

Ed Gjertsen=20 II

ed@macktracks.com

-----Original=20 Message-----
From:=20 owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]=20 On Behalf Of david=20 frank
Sent: = Monday, August=20 19, 2002 2:31 PM
To:=20 canslim@lists.xmission.com
Subject: Re: [CANSLIM]=20 CVH

 

Ed, I appreciate your = Americana=20 theme. But what happened in CVH today is not a good thing. Of course = you=20 probably part of the old buddy system of brokers protecting each = other. But=20 filing complaints is a heck of a lot better than facing litigation. = david=20


 

 

Ed, why=20 suggest malfeasance and not file a complaint? =

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

From: Gene = Ricci=20

To: canslim@lists.xmission.com= =20

Sent:=20 Monday, August 19, 2002 2:10 PM

Subject:=20

 

 

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

From: Edward W.=20 Gjertsen II

To: canslim@lists.xmission.com= =20

Sent:=20 Monday, August 19, 2002 1:56 PM

Subject: RE:=20 [CANSLIM] CVH

 

We had our = representative on the=20 NYSE floor go and speak with the
specialist - he hid behind = "order=20 imbalance" - floor rules.  We were
asked if we wanted to = file a=20 complaint - we decided no.  There will be
many more = battles like=20 this.  What is does do is make us look = at
alternatives. =20 Like I mentioned in an earlier post - Island and other
ECN's = would=20 have given us a fill around 32.50.  So we are exploring=20 our
execution options.  Our CANSLIM philosophy is broken = down=20 into three
simple parts: Analysis, Money Management and=20 Execution.  This time, the
3rd element, execution, was = the=20 weakest link.  So , instead of
complaining about it, we = are=20 doing what American's do best, head to the
competition with a = better=20 product.

Ed Gjertsen II
ed@macktracks.com

-----Origi= nal=20 Message-----
From: owner-canslim@lists.xmis= sion.com
[mailto:owner-canslim@lists.xmission.com]=20 On Behalf Of david frank
Sent: Monday, August 19, 2002 1:29 = PM
To:=20 canslim@lists.xmission.com=
Subject:=20 Re: [CANSLIM] CVH

I got caught in this so-called CVH = inbalanced.=20 luckily i had a limit
order
in place. although limit = orders don't=20 work sometimes- because they don't
have to execute limit = orders,=20 although they are within the price window.
of
course. = there were=20 too many eyes on CVH. i was curious what kind of
remedy
is = there=20 for this specialist's malfeasance, especially for buyers=20 @
34.50
and above- more than 10 minutes after placing = their market=20 orders. david
----- Original Message -----
From: "Edward = W.=20 Gjertsen II" <ed@macktracks.com>
To: = <canslim@lists.xmission.com= >
Sent:=20 Monday, August 19, 2002 11:36 AM
Subject: RE: [CANSLIM]=20 CVH


> One of the risks with CANSLIM -  too = many=20 investors ready to pounce on
> too few stocks.  We = have been=20 stalking CVH for quite a while.  We put
in
> an = order=20 prior to it reaching its pivot (cheating) when NYSE on = level
> two=20 showed $32.40 offer.  As CANSLIMR's moved in to buy -=20 the
specialist
> did not open the book until = $34.50.  The=20 specialist claimed "order
> imbalance" but my source at = Pershing=20 said he was working another book.
> We were quite = upset  The=20 stock moved over $2.00 on an imbalance of
> 110,000 = shs.  The=20 market maker was caught flatfooted.  We quickly = sold
> out of=20 our position because we were over the 5% = threshold.
>
>=20 Those trading Island or other ECN's may have been filled = around
>=20 32.40-32.50.  We watch Time and Sales on all our fills and = the=20 only
> prints were coming from ECN's.  With CANSLIM = being one=20 of the most
> popular strategies for individual investors, = execution is becoming
more
> and more=20 difficult.
>
> Ed Gjertsen II
> ed@macktracks.com
>
>>=20 -
> -To subscribe/unsubscribe, email "majordomo@xmission.com"
>= ;=20 -In the email body, write "subscribe canslim" or
> = - -"unsubscribe=20 canslim".  Do not use quotes in your = email.


-
-To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
-In= =20 the email body, write "subscribe canslim" or
-"unsubscribe=20 canslim".  Do not use quotes in your = email.


-
-To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
-In= =20 the email body, write "subscribe canslim" or
-"unsubscribe=20 canslim".  Do not use quotes in your=20 = email.

- ------=_NextPart_000_0104_01C247A3.D8450B00-- - - - -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 #2830 ****************************** 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.