Re: [CANSLIM] Too many CANSLIMers?

From: "Boyd" <theboyd@tisd.net>
Subject: Re: [CANSLIM] Too many CANSLIMers?
Date: Tue, 20 Aug 2002 17:06:41 GMT

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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
> 
> 
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