[CANSLIM] Too many CANSLIMers?

From: Warren Keuffel <wkeuffel@xmission.com>
Subject: [CANSLIM] Too many CANSLIMers?
Date: Tue, 20 Aug 2002 10:53:04 -0600

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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


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