Go to Jeff Salisbury LWGate Home Page.From: "Edward W. Gjertsen II" <ed@macktracks.com>
Subject: RE: [CANSLIM] CVH
Date: Mon, 19 Aug 2002 14:16:16 -0500
Next Article (by Subject): Re: [CANSLIM] CVH "david frank"
Top of Thread: Re: [CANSLIM] CVH "david frank"
Next in Thread: Re: [CANSLIM] CVH "david frank"
Articles sorted by: [Date]
[Author]
[Subject]
This is a multi-part message in MIME format.
- ------=_NextPart_000_001F_01C2478A.FB45A6A0
Content-Type: text/plain;
charset="us-ascii"
Content-Transfer-Encoding: 7bit
If my memory serves, we would have been able to be filled on Island many
times over at 32.40-32.50. If anyone goes and looks at time and sales,
you will see many prints between 32.40 and 34.50 (where the specialist
opened the book). All of these trades occurring off the NYSE.
Ed Gjertsen II
ed@macktracks.com
- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of Sol Mayer
Sent: Monday, August 19, 2002 2:10 PM
To: canslim@lists.xmission.com
Subject: RE: [CANSLIM] CVH
how many shrs traded on the ECN's would you have been able to buy it?
"Edward W. Gjertsen II" wrote:
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.
_____
Do You Yahoo!?
HotJobs,
<http://rd.yahoo.com/careers/mailsig/new/*http:/www.hotjobs.com> a
Yahoo! service - Search Thousands of New Jobs
- ------=_NextPart_000_001F_01C2478A.FB45A6A0
Content-Type: text/html;
charset="us-ascii"
Content-Transfer-Encoding: quoted-printable
<html>
<head>
<META HTTP-EQUIV=3D"Content-Type" CONTENT=3D"text/html; =
charset=3Dus-ascii">
<meta name=3DGenerator content=3D"Microsoft Word 10 (filtered)">
<style>
<!--
/* Font Definitions */
@font-face
{font-family:Tahoma;
panose-1:2 11 6 4 3 5 4 4 2 4;}
/* Style Definitions */
p.MsoNormal, li.MsoNormal, div.MsoNormal
{margin:0in;
margin-bottom:.0001pt;
font-size:12.0pt;
font-family:"Times New Roman";}
a:link, span.MsoHyperlink
{color:blue;
text-decoration:underline;}
a:visited, span.MsoHyperlinkFollowed
{color:blue;
text-decoration:underline;}
p
{margin-right:0in;
margin-left:0in;
font-size:12.0pt;
font-family:"Times New Roman";}
span.EmailStyle18
{font-family:"Times New Roman";
color:blue;
font-weight:normal;
font-style:normal;
text-decoration:none none;}
@page Section1
{size:8.5in 11.0in;
margin:1.0in .8in 1.0in .8in;}
div.Section1
{page:Section1;}
- -->
</style>
</head>
<body lang=3DEN-US link=3Dblue vlink=3Dblue>
<div class=3DSection1>
<p class=3DMsoNormal><font size=3D2 color=3Dblue face=3D"Times New =
Roman"><span
style=3D'font-size:10.0pt;color:blue'>If my memory serves, we would have =
been
able to be filled on </span></font><font size=3D2 color=3Dblue><span
style=3D'font-size:10.0pt;color:blue'>Island</span></font><font =
size=3D2
color=3Dblue><span style=3D'font-size:10.0pt;color:blue'> many times =
over at
32.40-32.50. If anyone goes and looks at time and sales, you will =
see
many prints between 32.40 and 34.50 (where the specialist opened the =
book).
All of these trades occurring off the NYSE.</span></font></p>
<p class=3DMsoNormal><font size=3D2 color=3Dblue face=3D"Times New =
Roman"><span
style=3D'font-size:10.0pt;color:blue'> </span></font></p>
<div>
<p class=3DMsoNormal><font size=3D2 color=3Dblue face=3D"Times New =
Roman"><span
style=3D'font-size:10.0pt;color:blue'>Ed Gjertsen II</span></font></p>
<p class=3DMsoNormal><font size=3D2 color=3Dblue face=3D"Times New =
Roman"><span
style=3D'font-size:10.0pt;color:blue'>ed@macktracks.com</span></font></p>=
</div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
face=3DTahoma><span
style=3D'font-size:10.0pt;font-family:Tahoma'>-----Original =
Message-----<br>
<b><span style=3D'font-weight:bold'>From:</span></b> =
owner-</span></font><font
size=3D2 face=3DTahoma><span =
style=3D'font-size:10.0pt;font-family:Tahoma'>canslim@lists.xmission.com<=
/span></font><font
size=3D2 face=3DTahoma><span =
style=3D'font-size:10.0pt;font-family:Tahoma'>
[mailto:owner-</span></font><font size=3D2 face=3DTahoma><span =
style=3D'font-size:
=
10.0pt;font-family:Tahoma'>canslim@lists.xmission.com</span></font><font
size=3D2 face=3DTahoma><span =
style=3D'font-size:10.0pt;font-family:Tahoma'>] <b><span
style=3D'font-weight:bold'>On Behalf Of </span></b>Sol Mayer<br>
<b><span style=3D'font-weight:bold'>Sent:</span></b> Monday, August 19, =
2002 2:10
PM<br>
<b><span style=3D'font-weight:bold'>To:</span></b> </span></font><font =
size=3D2
face=3DTahoma><span =
style=3D'font-size:10.0pt;font-family:Tahoma'>canslim@lists.xmission.com<=
/span></font><font
size=3D2 face=3DTahoma><span =
style=3D'font-size:10.0pt;font-family:Tahoma'><br>
<b><span style=3D'font-weight:bold'>Subject:</span></b> RE: [CANSLIM] =
CVH</span></font></p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> </span></font></p>
<p style=3D'margin-left:.5in'><font size=3D3 face=3D"Times New =
Roman"><span
style=3D'font-size:12.0pt'>how many shrs traded on the ECN's would =
you have
been able to buy it? </span></font></p>
<p style=3D'margin-left:.5in'><font size=3D3 face=3D"Times New =
Roman"><span
style=3D'font-size:12.0pt'> <b><i><span =
style=3D'font-weight:bold;font-style:
italic'>"Edward W. Gjertsen II" =
</span><ED@MACKTRACKS.COM></i></b>wrote:
</span></font></p>
<blockquote style=3D'border:none;border-left:solid #1010FF =
1.5pt;padding:0in 0in 0in 4.0pt;
margin-left:3.75pt;margin-top:5.0pt;margin-bottom:5.0pt'>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'>We had our representative on the NYSE floor =
go and
speak with the<br>
specialist - he hid behind "order imbalance" - floor rules. We =
were<br>
asked if we wanted to file a complaint - we decided no. There will =
be<br>
many more battles like this. What is does do is make us look at<br>
alternatives. Like I mentioned in an earlier post - Island and other<br>
ECN's would have given us a fill around 32.50. So we are exploring =
our<br>
execution options. Our CANSLIM philosophy is broken down into three<br>
simple parts: Analysis, Money Management and Execution. This time, =
the<br>
3rd element, execution, was the weakest link. So , instead of<br>
complaining about it, we are doing what American's do best, head to =
the<br>
competition with a better product.<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 david frank<br>
Sent: Monday, August 19, 2002 1:29 PM<br>
To: canslim@lists.xmission.com<br>
Subject: Re: [CANSLIM] CVH<br>
<br>
I got caught in this so-called CVH inbalanced. luckily i had a limit<br>
order<br>
in place. although limit orders don't work sometimes- because they =
don't<br>
have to execute limit orders, although they are within the price =
window.<br>
of<br>
course. there were too many eyes on CVH. i was curious what kind of<br>
remedy<br>
is there for this specialist's malfeasance, especially for buyers @<br>
34.50<br>
and above- more than 10 minutes after placing their market orders. =
david<br>
- ----- Original Message -----<br>
From: "Edward W. Gjertsen II" <br>
<ED@MACKTRACKS.COM>To: <br>
<CANSLIM@LISTS.XMISSION.COM>Sent: Monday, August 19, 2002 11:36 AM<br>
Subject: RE: [CANSLIM] CVH<br>
<br>
<br>
> One of the risks with CANSLIM - too many investors ready to pounce =
on<br>
> too few stocks. We have been stalking CVH for quite a while. We =
put<br>
in<br>
> an order prior to it reaching its pivot (cheating) when NYSE on =
level<br>
> two showed $32.40 offer. As CANSLIMR's moved in to buy - the<br>
specialist<br>
> did not open the book until $34.50. The specialist claimed =
"order<br>
> imbalance" but my source at Pershing said he was working =
another
book.<br>
> We were quite upset The stock moved over $2.00 on an imbalance =
of<br>
> 110,000 shs. The market maker was caught flatfooted. We quickly =
sold<br>
> out of our position because we were over the 5% threshold.<br>
><br>
> Those trading Island or other ECN's may have been filled around<br>
> 32.40-32.50. We watch Time and Sales on all our fills and the =
only<br>
> prints were coming from ECN's. With CANSLIM being one of the =
most<br>
> popular strategies for individual investors, execution is =
becoming<br>
more<br>
> and more difficult.<br>
><br>
> Ed Gjertsen II<br>
> ed@macktracks.com<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.</span></font></p>
</blockquote>
<p style=3D'margin-left:.5in'><font size=3D3 face=3D"Times New =
Roman"><span
style=3D'font-size:12.0pt'> </span></font></p>
<div class=3DMsoNormal align=3Dcenter =
style=3D'margin-left:.5in;text-align:center'><font
size=3D3 face=3D"Times New Roman"><span style=3D'font-size:12.0pt'>
<hr size=3D1 width=3D"100%" align=3Dcenter>
</span></font></div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><b><font size=3D3
face=3D"Times New Roman"><span =
style=3D'font-size:12.0pt;font-weight:bold'>Do You
Yahoo!?</span></font></b><br>
<a =
href=3D"http://rd.yahoo.com/careers/mailsig/new/*http:/www.hotjobs.com">H=
otJobs,
a Yahoo! service</a> - Search Thousands of New Jobs</p>
</div>
</body>
</html>
- ------=_NextPart_000_001F_01C2478A.FB45A6A0--
- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim". Do not use quotes in your email.
Next Article (by Subject): Re: [CANSLIM] CVH "david frank"
Top of Thread: Re: [CANSLIM] CVH "david frank"
Next in Thread: Re: [CANSLIM] CVH "david frank"
Articles sorted by: [Date]
[Author]
[Subject]