Re: [CANSLIM] CVH

From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] CVH
Date: Mon, 19 Aug 2002 22:18:00 -0400
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Ed, I think the specialist is assigned a particular stock, or option, by =
the exchange, not the company, unless things have changed when I was not =
looking.

- ----- Original Message -----=20
From: Edward W. Gjertsen II=20
To: canslim@lists.xmission.com=20
Sent: Monday, August 19, 2002 3:13 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" <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.


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<DIV><FONT face=3DArial>Ed, I think the specialist is assigned a =
particular stock,=20
or option, by the exchange, not the company, unless things have changed =
when I=20
was not looking.</FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV style=3D"FONT: 10pt arial">----- Original Message -----=20
<DIV style=3D"BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> <A=20
title=3Ded@macktracks.com href=3D"mailto:ed@macktracks.com">Edward W. =
Gjertsen=20
II</A> </DIV>
<DIV><B>To:</B> <A title=3Dcanslim@lists.xmission.com=20
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
 </DIV>
<DIV><B>Sent:</B> Monday, August 19, 2002 3:13 PM</DIV>
<DIV><B>Subject:</B> RE: [CANSLIM] CVH</DIV></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">As I posted earlier, we will vote =
with our=20
order flow, which will be away from the specialist.&nbsp; A good way to =
get a=20
specialist in hot water is to complain to the public company =
itself.&nbsp; A=20
specialist is appointed by the company to make a market in its =
stock.&nbsp;=20
Should enough people complain to CVH, they may take action.&nbsp;=20
</SPAN></FONT><FONT color=3Dblue size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: blue">Canslim</SPAN></FONT><FONT =
color=3Dblue=20
size=3D2><SPAN style=3D"FONT-SIZE: 10pt; COLOR: blue">ers will run into =
these=20
problems time and again, as I always suggest, take the high road.&nbsp;=20
</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">] <B><SPAN=20
style=3D"FONT-WEIGHT: bold">On Behalf Of </SPAN></B>Gene =
Ricci<BR><B><SPAN=20
style=3D"FONT-WEIGHT: bold">Sent:</SPAN></B> Monday, August 19, 2002 =
2:11=20
PM<BR><B><SPAN style=3D"FONT-WEIGHT: bold">To:</SPAN></B> =
</SPAN></FONT><FONT=20
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=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>
<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 =
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=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 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 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 1:56 PM</SPAN></FONT></P></DIV>
  <DIV>
  <P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><B><FONT =
face=3DArial 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 =
imbalance" -=20
  floor rules.&nbsp; We were<BR>asked if we wanted to file a complaint - =
we=20
  decided no.&nbsp; There will be<BR>many more battles like this.&nbsp; =
What is=20
  does do is make us look at<BR>alternatives.&nbsp; Like I mentioned in =
an=20
  earlier post - Island and other<BR>ECN's would have given us a fill =
around=20
  32.50.&nbsp; So we are exploring our<BR>execution options.&nbsp; Our =
CANSLIM=20
  philosophy is broken down into three<BR>simple parts: Analysis, Money=20
  Management and Execution.&nbsp; This time, the<BR>3rd element, =
execution, was=20
  the weakest link.&nbsp; So , instead of<BR>complaining about it, we =
are doing=20
  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: <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 work=20
  sometimes- because they don't<BR>have to execute limit orders, =
although they=20
  are within the price window.<BR>of<BR>course. there were too many eyes =
on CVH.=20
  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=20
  minutes after placing their market orders. david<BR>----- Original =
Message=20
  -----<BR>From: "Edward W. Gjertsen II" &lt;<A=20
  href=3D"mailto:ed@macktracks.com">ed@macktracks.com</A>&gt;<BR>To: =
&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] =
CVH<BR><BR><BR>&gt;=20
  One of the risks with CANSLIM -&nbsp; too many investors ready to =
pounce=20
  on<BR>&gt; too few stocks.&nbsp; We have been stalking CVH for quite a =

  while.&nbsp; We put<BR>in<BR>&gt; an order prior to it reaching its =
pivot=20
  (cheating) when NYSE on level<BR>&gt; two showed $32.40 offer.&nbsp; =
As=20
  CANSLIMR's moved in to buy - the<BR>specialist<BR>&gt; did not open =
the book=20
  until $34.50.&nbsp; The specialist claimed "order<BR>&gt; imbalance" =
but my=20
  source at Pershing said he was working another book.<BR>&gt; We were =
quite=20
  upset&nbsp; The stock moved over $2.00 on an imbalance of<BR>&gt; =
110,000=20
  shs.&nbsp; The market maker was caught flatfooted.&nbsp; We quickly=20
  sold<BR>&gt; out of our position because we were over the 5%=20
  threshold.<BR>&gt;<BR>&gt; Those trading Island or other ECN's may =
have been=20
  filled around<BR>&gt; 32.40-32.50.&nbsp; We watch Time and Sales on =
all our=20
  fills and the only<BR>&gt; prints were coming from ECN's.&nbsp; With =
CANSLIM=20
  being one of the most<BR>&gt; popular strategies for individual =
investors,=20
  execution is becoming<BR>more<BR>&gt; and more =
difficult.<BR>&gt;<BR>&gt; Ed=20
  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=
; -In=20
  the email body, write "subscribe canslim" or<BR>&gt; -"unsubscribe=20
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  "<A =
href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>-In=
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