RE: [CANSLIM] CVH


From: "Duke Miller" <dukemill@tampabay.rr.com>
Subject: RE: [CANSLIM] CVH
Date: Mon, 19 Aug 2002 16:29:12 -0400

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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 <mailto:genr@swbell.net>  

To: canslim@lists.xmission.com 

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

Subject: 

 

 

- ----- Original Message ----- 

From: Edward W. Gjertsen  <mailto:ed@macktracks.com> 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" <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
>
>
> -
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<BODY lang=3DEN-US vLink=3Dblue link=3Dblue bgColor=3Dwhite>
<DIV><SPAN class=3D906062820-19082002><FONT face=3DArial>PLEASE, let's =
don't get one=20
of this personal exchanges going again.&nbsp; If you must throw barbs, =
do it OFF=20
LIST.&nbsp; Otherwise, you face a strong chance of being=20
vaporized!!</FONT></SPAN></DIV>
<DIV><SPAN class=3D906062820-19082002><FONT =
face=3DArial></FONT></SPAN>&nbsp;</DIV>
<DIV><SPAN class=3D906062820-19082002><FONT =
face=3DArial>Duke</FONT></SPAN></DIV>
<DIV><SPAN class=3D906062820-19082002></SPAN>&nbsp;</DIV>
<BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
  <DIV></DIV>
  <DIV class=3DOutlookMessageHeader lang=3Den-us dir=3Dltr =
align=3Dleft><FONT=20
  face=3DTahoma size=3D2>-----Original Message-----<BR><B>From:</B>=20
  owner-canslim@lists.xmission.com =
[mailto:owner-canslim@lists.xmission.com]=20
  <B>On Behalf Of </B>Edward W. Gjertsen II<BR><B>Sent:</B> Monday, =
August 19,=20
  2002 3:41 PM<BR><B>To:</B> =
canslim@lists.xmission.com<BR><B>Subject:</B> RE:=20
  [CANSLIM] CVH<BR><BR></FONT></DIV>
  <DIV class=3DSection1>
  <P class=3DMsoNormal><FONT face=3D"Times New Roman" color=3Dblue =
size=3D2><SPAN=20
  style=3D"FONT-SIZE: 10pt; COLOR: blue">David &#8211;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.&nbsp; There are rules in place that protect =
the=20
  specialist.&nbsp; As with any litigation, proving malfeasance or an =
intent to=20
  harm is difficult.&nbsp; In regard to your accusation of being part of =
the old=20
  buddy system, I chose not to respond to an obviously flippant comment. =

  </SPAN></FONT></P>
  <P class=3DMsoNormal><FONT face=3D"Times New Roman" color=3Dblue =
size=3D2><SPAN=20
  style=3D"FONT-SIZE: 10pt; COLOR: blue"></SPAN></FONT>&nbsp;</P>
  <DIV>
  <P class=3DMsoNormal><FONT face=3D"Times New Roman" color=3Dblue =
size=3D2><SPAN=20
  style=3D"FONT-SIZE: 10pt; COLOR: blue">Ed Gjertsen =
II</SPAN></FONT></P>
  <P class=3DMsoNormal><FONT face=3D"Times New Roman" color=3Dblue =
size=3D2><SPAN=20
  style=3D"FONT-SIZE: 10pt; COLOR: =
blue">ed@macktracks.com</SPAN></FONT></P></DIV>
  <P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3DTahoma =
size=3D2><SPAN=20
  style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Tahoma">-----Original=20
  Message-----<BR><B><SPAN style=3D"FONT-WEIGHT: bold">From:</SPAN></B>=20
  owner-</SPAN></FONT><FONT face=3DTahoma size=3D2><SPAN=20
  style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Tahoma">canslim@lists.xmission.com</SPAN></FONT><FONT=20
  face=3DTahoma size=3D2><SPAN style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Tahoma">=20
  [mailto:owner-</SPAN></FONT><FONT face=3DTahoma size=3D2><SPAN=20
  style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Tahoma">canslim@lists.xmission.com</SPAN></FONT><FONT=20
  face=3DTahoma size=3D2><SPAN style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Tahoma">]=20
  <B><SPAN style=3D"FONT-WEIGHT: bold">On Behalf Of </SPAN></B>david=20
  frank<BR><B><SPAN style=3D"FONT-WEIGHT: bold">Sent:</SPAN></B> Monday, =
August=20
  19, 2002 2:31 PM<BR><B><SPAN style=3D"FONT-WEIGHT: =
bold">To:</SPAN></B>=20
  </SPAN></FONT><FONT face=3DTahoma size=3D2><SPAN=20
  style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Tahoma">canslim@lists.xmission.com</SPAN></FONT><FONT=20
  face=3DTahoma size=3D2><SPAN=20
  style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Tahoma"><BR><B><SPAN=20
  style=3D"FONT-WEIGHT: bold">Subject:</SPAN></B> Re: [CANSLIM]=20
  CVH</SPAN></FONT></P>
  <P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3D"Times =
New Roman"=20
  size=3D3><SPAN style=3D"FONT-SIZE: 12pt"></SPAN></FONT>&nbsp;</P>
  <DIV>
  <P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3DArial =
size=3D2><SPAN=20
  style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial">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
  </SPAN></FONT></P>
  <DIV>
  <P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3DArial =
size=3D2><SPAN=20
  style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Arial"><BR></SPAN></FONT>&nbsp;</P></DIV></DIV>
  <BLOCKQUOTE=20
  style=3D"BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: =
medium none; PADDING-LEFT: 4pt; PADDING-BOTTOM: 0in; MARGIN: 5pt 0in 5pt =
3.75pt; BORDER-LEFT: black 1.5pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: =
medium none">
    <DIV>
    <P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT =
face=3D"Times New Roman"=20
    size=3D3><SPAN style=3D"FONT-SIZE: =
12pt"></SPAN></FONT>&nbsp;</P></DIV>
    <DIV>
    <P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT =
face=3D"Comic Sans MS"=20
    size=3D3><SPAN style=3D"FONT-SIZE: 12pt; FONT-FAMILY: 'Comic Sans =
MS'">Ed, why=20
    suggest&nbsp;malfeasance&nbsp;and not file a complaint? =
</SPAN></FONT></P>
    <DIV>
    <P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3DArial =
size=3D2><SPAN=20
    style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial">----- Original Message =
- -----=20
    </SPAN></FONT></P></DIV>
    <DIV style=3D"font-color: black">
    <P class=3DMsoNormal style=3D"BACKGROUND: #e4e4e4; MARGIN-LEFT: =
0.5in"><B><FONT=20
    face=3DArial size=3D2><SPAN=20
    style=3D"FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: =
Arial">From:</SPAN></FONT></B><FONT=20
    face=3DArial size=3D2><SPAN style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Arial"> <A=20
    title=3Dgenr@swbell.net href=3D"mailto:genr@swbell.net">Gene =
Ricci</A>=20
    </SPAN></FONT></P></DIV>
    <DIV>
    <P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><B><FONT =
face=3DArial=20
    size=3D2><SPAN=20
    style=3D"FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: =
Arial">To:</SPAN></FONT></B><FONT=20
    face=3DArial size=3D2><SPAN style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Arial"> <A=20
    title=3Dcanslim@lists.xmission.com=20
    =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
    </SPAN></FONT></P></DIV>
    <DIV>
    <P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><B><FONT =
face=3DArial=20
    size=3D2><SPAN=20
    style=3D"FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: =
Arial">Sent:</SPAN></FONT></B><FONT=20
    face=3DArial size=3D2><SPAN style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Arial"> Monday,=20
    August 19, 2002 2:10 PM</SPAN></FONT></P></DIV>
    <DIV>
    <P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><B><FONT =
face=3DArial=20
    size=3D2><SPAN=20
    style=3D"FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: =
Arial">Subject:</SPAN></FONT></B><FONT=20
    face=3DArial size=3D2><SPAN style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Arial">=20
    </SPAN></FONT></P></DIV></DIV>
    <DIV>
    <P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT =
face=3D"Times New Roman"=20
    size=3D3><SPAN style=3D"FONT-SIZE: =
12pt"></SPAN></FONT>&nbsp;</P></DIV>
    <DIV>
    <P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT =
face=3D"Times New Roman"=20
    size=3D3><SPAN style=3D"FONT-SIZE: =
12pt"></SPAN></FONT>&nbsp;</P></DIV>
    <BLOCKQUOTE=20
    style=3D"BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: =
medium none; PADDING-LEFT: 4pt; PADDING-BOTTOM: 0in; MARGIN: 5pt 0in 5pt =
3.75pt; BORDER-LEFT: black 1.5pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: =
medium none">
      <DIV>
      <P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT =
face=3DArial=20
      size=3D2><SPAN style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial">----- =
Original=20
      Message ----- </SPAN></FONT></P></DIV>
      <DIV style=3D"font-color: black">
      <P class=3DMsoNormal=20
      style=3D"BACKGROUND: #e4e4e4; MARGIN-LEFT: 0.5in"><B><FONT =
face=3DArial=20
      size=3D2><SPAN=20
      style=3D"FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: =
Arial">From:</SPAN></FONT></B><FONT=20
      face=3DArial size=3D2><SPAN style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Arial"> <A=20
      title=3Ded@macktracks.com href=3D"mailto:ed@macktracks.com">Edward =
W. Gjertsen=20
      II</A> </SPAN></FONT></P></DIV>
      <DIV>
      <P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><B><FONT =
face=3DArial=20
      size=3D2><SPAN=20
      style=3D"FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: =
Arial">To:</SPAN></FONT></B><FONT=20
      face=3DArial size=3D2><SPAN style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Arial"> <A=20
      title=3Dcanslim@lists.xmission.com=20
      =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
      </SPAN></FONT></P></DIV>
      <DIV>
      <P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><B><FONT =
face=3DArial=20
      size=3D2><SPAN=20
      style=3D"FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: =
Arial">Sent:</SPAN></FONT></B><FONT=20
      face=3DArial size=3D2><SPAN style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Arial">=20
      Monday, August 19, 2002 1:56 PM</SPAN></FONT></P></DIV>
      <DIV>
      <P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><B><FONT =
face=3DArial=20
      size=3D2><SPAN=20
      style=3D"FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: =
Arial">Subject:</SPAN></FONT></B><FONT=20
      face=3DArial size=3D2><SPAN style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Arial"> RE:=20
      [CANSLIM] CVH</SPAN></FONT></P></DIV>
      <DIV>
      <P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT =
face=3D"Times New Roman"=20
      size=3D3><SPAN style=3D"FONT-SIZE: =
12pt"></SPAN></FONT>&nbsp;</P></DIV>
      <P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT =
face=3D"Times New Roman"=20
      size=3D3><SPAN style=3D"FONT-SIZE: 12pt">We had our representative =
on the NYSE=20
      floor go and speak with the<BR>specialist - he hid behind "order=20
      imbalance" - floor rules.&nbsp; We were<BR>asked if we wanted to =
file a=20
      complaint - we decided no.&nbsp; There will be<BR>many more =
battles like=20
      this.&nbsp; What is does do is make us look =
at<BR>alternatives.&nbsp; Like=20
      I mentioned in an earlier post - Island and other<BR>ECN's would =
have=20
      given us a fill around 32.50.&nbsp; So we are exploring =
our<BR>execution=20
      options.&nbsp; Our CANSLIM philosophy is broken down into =
three<BR>simple=20
      parts: Analysis, Money Management and Execution.&nbsp; This time,=20
      the<BR>3rd element, execution, was the weakest link.&nbsp; So , =
instead=20
      of<BR>complaining about it, we are doing what American's do best, =
head to=20
      the<BR>competition with a better product.<BR><BR>Ed Gjertsen =
II<BR><A=20
      =
href=3D"mailto:ed@macktracks.com">ed@macktracks.com</A><BR><BR>-----Origi=
nal=20
      Message-----<BR>From: <A=20
      =
href=3D"mailto:owner-canslim@lists.xmission.com">owner-canslim@lists.xmis=
sion.com</A><BR>[mailto:owner-canslim@lists.xmission.com]=20
      On Behalf Of david frank<BR>Sent: Monday, August 19, 2002 1:29 =
PM<BR>To:=20
      <A=20
      =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
<BR>Subject:=20
      Re: [CANSLIM] CVH<BR><BR>I got caught in this so-called CVH =
inbalanced.=20
      luckily i had a limit<BR>order<BR>in place. although limit orders =
don't=20
      work sometimes- because they don't<BR>have to execute limit =
orders,=20
      although they are within the price window.<BR>of<BR>course. there =
were too=20
      many eyes on CVH. i was curious what kind of<BR>remedy<BR>is there =
for=20
      this specialist's malfeasance, especially for buyers =
@<BR>34.50<BR>and=20
      above- more than 10 minutes after placing their market orders.=20
      david<BR>----- Original Message -----<BR>From: "Edward W. Gjertsen =
II"=20
      &lt;<A =
href=3D"mailto:ed@macktracks.com">ed@macktracks.com</A>&gt;<BR>To:=20
      &lt;<A=20
      =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
&gt;<BR>Sent:=20
      Monday, August 19, 2002 11:36 AM<BR>Subject: RE: [CANSLIM]=20
      CVH<BR><BR><BR>&gt; One of the risks with CANSLIM -&nbsp; too many =

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

      Gjertsen II<BR>&gt; <A=20
      =
href=3D"mailto:ed@macktracks.com">ed@macktracks.com</A><BR>&gt;<BR>&gt;<B=
R>&gt;=20
      -<BR>&gt; -To subscribe/unsubscribe, email "<A=20
      =
href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>&gt=
;=20
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