From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #2829 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 2829 In this issue: Re: [CANSLIM] CVH RE: [CANSLIM] CVH ---------------------------------------------------------------------- Date: Mon, 19 Aug 2002 15:33:36 -0500 From: Gene Ricci Subject: Re: [CANSLIM] CVH This is a multi-part message in MIME format. - ------=_NextPart_000_002D_01C24795.C8B7C0A0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Is that what this is all about.... 'getting a specialist in hot water'? = Since you claim to have been affected, the buck should stop at your = door... you should file a complaint and give the offender his day in = 'court' rather than hope 'others' do it for you. Gene=20 ----- Original Message -----=20 From: Edward W. Gjertsen II=20 To: canslim@lists.xmission.com=20 Sent: Monday, August 19, 2002 2:13 PM Subject: RE: [CANSLIM] CVH As I posted earlier, we will vote with our order flow, which will be = away from the specialist. A good way to get a specialist in hot water = is to complain to the public company itself. A specialist is appointed = by the company to make a market in its stock. Should enough people = complain to CVH, they may take action. Canslimers will run into these = problems time and again, as I always suggest, take the high road. =20 Ed Gjertsen II ed@macktracks.com -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com] On Behalf Of Gene Ricci Sent: Monday, August 19, 2002 2:11 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] CVH Ed, why suggest malfeasance and not file a complaint? ----- 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_002D_01C24795.C8B7C0A0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Is that what this is all about.... = 'getting a=20 specialist in hot water'? Since you claim to have been affected, the = buck should=20 stop at your door... you should file a complaint and give the offender = his day=20 in 'court' rather than hope 'others' do it for you.
 
Gene 
----- Original Message -----
From:=20 Edward = W. Gjertsen=20 II
Sent: Monday, August 19, 2002 = 2:13=20 PM
Subject: RE: [CANSLIM] = CVH

As I posted earlier, we will = vote with=20 our order flow, which will be away from the specialist.  A good = way to=20 get a specialist in hot water is to complain to the public company=20 itself.  A specialist is appointed by the company to make a = market in its=20 stock.  Should enough people complain to CVH, they may take = action. =20 Canslimers will run = into these=20 problems time and again, as I always suggest, take the high = road. =20

 

Ed Gjertsen = II

ed@macktracks.com

-----Original=20 Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]=20 On Behalf Of Gene=20 Ricci
Sent: Monday, = August=20 19, 2002 2:11 PM
To:=20 canslim@lists.xmission.com
Subject: Re: [CANSLIM]=20 CVH

 

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

 

 

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

From: Edward = W. Gjertsen=20 II

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

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

Subject: RE:=20 [CANSLIM] CVH

 

We had our representative = on the NYSE=20 floor go and speak with the
specialist - he hid behind "order = imbalance"=20 - floor rules.  We were
asked if we wanted to file a = complaint - we=20 decided no.  There will be
many more battles like = this.  What=20 is does do is make us look at
alternatives.  Like I = mentioned in an=20 earlier post - Island and other
ECN's would have given us a fill = around=20 32.50.  So we are exploring our
execution options.  Our = CANSLIM=20 philosophy is broken down into three
simple parts: Analysis, = Money=20 Management and Execution.  This time, the
3rd element, = execution,=20 was the 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: 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 work=20 sometimes- because they don't
have to execute limit orders, = although they=20 are within the price window.
of
course. there were too many = eyes on=20 CVH. i was curious what kind of
remedy
is there for this = specialist's=20 malfeasance, especially for buyers @
34.50
and above- more = than 10=20 minutes after placing their market orders. david
----- Original = Message=20 -----
From: "Edward W. 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 = investors=20 ready to pounce on
> too few stocks.  We have been = stalking CVH=20 for quite a while.  We put
in
> an order prior to it = reaching=20 its pivot (cheating) when NYSE on level
> two showed $32.40=20 offer.  As CANSLIMR's moved in to buy - = the
specialist
> did=20 not open the book until $34.50.  The specialist claimed = "order
>=20 imbalance" but my source at Pershing said he was working another=20 book.
> We were quite upset  The stock moved over $2.00 = on an=20 imbalance of
> 110,000 shs.  The market maker was caught=20 flatfooted.  We quickly sold
> out of our position = because we=20 were over the 5% threshold.
>
> Those trading Island or = other=20 ECN's may have been filled around
> 32.40-32.50.  We = watch Time=20 and Sales on all our fills and the only
> prints were coming = from=20 ECN's.  With CANSLIM being one of the most
> popular = strategies=20 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"
>= ; -In=20 the email body, write "subscribe canslim" or
> -"unsubscribe=20 canslim".  Do not use quotes in your email.


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


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

- ------=_NextPart_000_002D_01C24795.C8B7C0A0-- - - - -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 16:29:12 -0400 From: "Duke Miller" Subject: RE: [CANSLIM] CVH This is a multi-part message in MIME format. - ------=_NextPart_000_0025_01C2479D.90A5FCB0 Content-Type: text/plain; charset="us-ascii" Content-Transfer-Encoding: 7bit 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_0025_01C2479D.90A5FCB0 Content-Type: text/html; charset="us-ascii" Content-Transfer-Encoding: quoted-printable Message
PLEASE, let's = don't get one=20 of 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 Message-----
From:=20 owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]=20 On Behalf Of Edward W. Gjertsen II
Sent: Monday, = August 19,=20 2002 3:41 PM
To: = canslim@lists.xmission.com
Subject: RE:=20 [CANSLIM] CVH

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

 

Ed Gjertsen = II

ed@macktracks.com

-----Original=20 Message-----
From:=20 owner-canslim@lists.xmission.com=20 [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: Monday,=20 August 19, 2002 2:10 PM

Subject:=20

 

 

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

From: Edward = W. Gjertsen=20 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 NYSE=20 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.  Like=20 I mentioned in an earlier post - Island and other
ECN's would = have=20 given us a fill around 32.50.  So we are exploring = our
execution=20 options.  Our CANSLIM philosophy is broken down into = three
simple=20 parts: Analysis, Money Management and Execution.  This time,=20 the
3rd element, execution, was the weakest link.  So , = instead=20 of
complaining about it, we are doing what American's do best, = head to=20 the
competition with a better 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 too=20 many eyes on CVH. i was curious what kind of
remedy
is there = for=20 this specialist's malfeasance, especially for buyers = @
34.50
and=20 above- more than 10 minutes after placing their market orders.=20 david
----- Original Message -----
From: "Edward W. Gjertsen = II"=20 <ed@macktracks.com>
To:=20 <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 = investors ready to pounce on
> too few stocks.  We have = been=20 stalking CVH for quite a while.  We put
in
> an = order prior=20 to it reaching its pivot (cheating) when NYSE on level
> two = showed=20 $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.
>
> Those=20 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=20 is becoming
more
> and more 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_0025_01C2479D.90A5FCB0-- - - - -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 #2829 ****************************** 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.