Go to Jeff Salisbury LWGate Home Page.From: "Boyd" <theboyd@tisd.net>
Subject: Re: [CANSLIM] Too many CANSLIMers?
Date: Tue, 20 Aug 2002 17:06:41 GMT
Previous Article (by Subject): [CANSLIM] Too many CANSLIMers? Warren Keuffel
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Warren, Another listserv member and I have bantered this about recently, off-line. Seems like some contradictatory assumptions. <opinion> Maybe in a bear M where there are few good set-ups, we small CAN SLIMers out here in WON-land can make a difference on low-vol stocks. WON says it's instutions that move a stock when it is really climbing. But I have never completely understood how the big money plays CAN SLIM (if they do). Do they ever buy at the pivot like us? Surely they don't move in and out of a stock like CAN SLIM can have us doing at times. I thought they took weeks to take a position? If so, wouldn't they be the folks causing the right side of the cup to form? Not being an market insider, I am "clueless in Texas." </opinion> Norm Warren Keuffel writes: > I have been thinking about the various comments posted recently about > too many CANSLIMers chasing too few stocks, all buying at the pivot > point, malfeasance of market makers, etc., etc. > > Given that (caution: assumption approaching) that the institutions > dictate the movement of a given stock (as St. WON tells us in The Book) > would it not follow, then, that the purchases of a few CANSLIMers ( or, > rather, the many CANSLIMers buying small quantities) would not be enough > to move the market? > > Warren > > > - > -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.
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