Go to Jeff Salisbury LWGate Home Page.From: "david frank" <camelot.homes@charter.net>
Subject: Re: [CANSLIM] CVH
Date: Mon, 19 Aug 2002 17:14:15 -0500
Previous Article (by Date): RE: [CANSLIM] CVH "Edward W. Gjertsen II"
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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" <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
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-To subscribe/unsubscribe, email "majordomo@xmission.com"
-In the email body, write "subscribe canslim" or
-"unsubscribe canslim". Do not use quotes in your email.
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<DIV><FONT face=3DArial size=3D2>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</FONT></DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Ded@macktracks.com href=3D"mailto:ed@macktracks.com">Edward =
W. Gjertsen=20
II</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Monday, August 19, 2002 =
3:29=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> RE: [CANSLIM] =
CVH</DIV>
<DIV><BR></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">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.</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> </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"><A=20
=
href=3D"mailto:ed@macktracks.com">ed@macktracks.com</A></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> =
<A=20
=
href=3D"mailto:owner-canslim@lists.xmission.com">owner-</SPAN></FONT><FON=
T=20
face=3DTahoma size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Tahoma">canslim@lists.xmission.com</A></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>Duke=20
Miller<BR><B><SPAN style=3D"FONT-WEIGHT: bold">Sent:</SPAN></B> =
Monday, August=20
19, 2002 3:29 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> </P>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3DArial =
size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt; FONT-FAMILY: Arial">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!!</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> </P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3DArial =
size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt; FONT-FAMILY: =
Arial">Duke</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> </P></DIV>
<BLOCKQUOTE style=3D"MARGIN-TOP: 5pt; MARGIN-BOTTOM: 5pt; =
MARGIN-RIGHT: 0in">
<P class=3DMsoNormal=20
style=3D"MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0.5in; MARGIN-RIGHT: =
0in"><FONT=20
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-canslim@lists.xmission.com =
[mailto:owner-canslim@lists.xmission.com]=20
<B><SPAN style=3D"FONT-WEIGHT: bold">On Behalf Of </SPAN></B>Edward =
W.=20
Gjertsen II<BR><B><SPAN style=3D"FONT-WEIGHT: bold">Sent:</SPAN></B> =
Monday,=20
August 19, 2002 3:41 PM<BR><B><SPAN style=3D"FONT-WEIGHT: =
bold">To:</SPAN></B>=20
canslim@lists.xmission.com<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
color=3Dblue size=3D2><SPAN style=3D"FONT-SIZE: 10pt; COLOR: =
blue">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. </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> </P>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT =
face=3D"Times New Roman"=20
color=3Dblue size=3D2><SPAN style=3D"FONT-SIZE: 10pt; COLOR: =
blue">Ed Gjertsen=20
II</SPAN></FONT></P>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT =
face=3D"Times New Roman"=20
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: 1in"><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-canslim@lists.xmission.com =
[mailto:owner-canslim@lists.xmission.com]=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
canslim@lists.xmission.com<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: 1in"><FONT face=3D"Times =
New Roman"=20
size=3D3><SPAN style=3D"FONT-SIZE: 12pt"></SPAN></FONT> </P>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 1in"><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: 1in"><FONT face=3DArial =
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Arial"><BR></SPAN></FONT> </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: 1in"><FONT =
face=3D"Times New Roman"=20
size=3D3><SPAN style=3D"FONT-SIZE: =
12pt"></SPAN></FONT> </P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 1in"><FONT =
face=3D"Comic Sans MS"=20
size=3D3><SPAN style=3D"FONT-SIZE: 12pt; FONT-FAMILY: 'Comic Sans =
MS'">Ed, why=20
suggest malfeasance and not file a complaint? =
</SPAN></FONT></P>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 1in"><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: =
1in"><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: 1in"><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: 1in"><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 2:10 PM</SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 1in"><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: 1in"><FONT =
face=3D"Times New Roman"=20
size=3D3><SPAN style=3D"FONT-SIZE: =
12pt"></SPAN></FONT> </P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 1in"><FONT =
face=3D"Times New Roman"=20
size=3D3><SPAN style=3D"FONT-SIZE: =
12pt"></SPAN></FONT> </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: 1in"><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: 1in"><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.=20
Gjertsen II</A> </SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 1in"><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: 1in"><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: 1in"><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: 1in"><FONT =
face=3D"Times New Roman"=20
size=3D3><SPAN style=3D"FONT-SIZE: =
12pt"></SPAN></FONT> </P></DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 1in"><FONT =
face=3D"Times New Roman"=20
size=3D3><SPAN style=3D"FONT-SIZE: 12pt">We had our =
representative on the=20
NYSE floor go and speak with the<BR>specialist - he hid behind =
"order=20
imbalance" - floor rules. We were<BR>asked if we wanted to =
file a=20
complaint - we decided no. There will be<BR>many more =
battles like=20
this. What is does do is make us look =
at<BR>alternatives. =20
Like I mentioned in an earlier post - Island and other<BR>ECN's =
would=20
have given us a fill around 32.50. So we are exploring=20
our<BR>execution options. Our CANSLIM philosophy is broken =
down=20
into three<BR>simple parts: Analysis, Money Management and=20
Execution. This time, the<BR>3rd element, execution, was =
the=20
weakest link. So , instead of<BR>complaining about it, we =
are=20
doing what American's do best, head to the<BR>competition with a =
better=20
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=20
too many eyes on CVH. i was curious what kind of<BR>remedy<BR>is =
there=20
for this specialist's malfeasance, especially for buyers=20
@<BR>34.50<BR>and above- more than 10 minutes after placing =
their market=20
orders. david<BR>----- Original Message -----<BR>From: "Edward =
W.=20
Gjertsen II" <<A=20
=
href=3D"mailto:ed@macktracks.com">ed@macktracks.com</A>><BR>To: =
<<A=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
><BR>Sent:=20
Monday, August 19, 2002 11:36 AM<BR>Subject: RE: [CANSLIM]=20
CVH<BR><BR><BR>> One of the risks with CANSLIM - too =
many=20
investors ready to pounce on<BR>> too few stocks. We =
have been=20
stalking CVH for quite a while. We put<BR>in<BR>> an =
order=20
prior to it reaching its pivot (cheating) when NYSE on =
level<BR>> two=20
showed $32.40 offer. As CANSLIMR's moved in to buy -=20
the<BR>specialist<BR>> did not open the book until =
$34.50. The=20
specialist claimed "order<BR>> imbalance" but my source at =
Pershing=20
said he was working another book.<BR>> We were quite =
upset The=20
stock moved over $2.00 on an imbalance of<BR>> 110,000 =
shs. The=20
market maker was caught flatfooted. We quickly =
sold<BR>> out of=20
our position because we were over the 5% =
threshold.<BR>><BR>>=20
Those trading Island or other ECN's may have been filled =
around<BR>>=20
32.40-32.50. We watch Time and Sales on all our fills and =
the=20
only<BR>> prints were coming from ECN's. With CANSLIM =
being one=20
of the most<BR>> popular strategies for individual investors, =
execution is becoming<BR>more<BR>> and more=20
difficult.<BR>><BR>> Ed Gjertsen II<BR>> <A=20
=
href=3D"mailto:ed@macktracks.com">ed@macktracks.com</A><BR>><BR>><B=
R>>=20
-<BR>> -To subscribe/unsubscribe, email "<A=20
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-In the email body, write "subscribe canslim" or<BR>> =
- -"unsubscribe=20
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