Re: [CANSLIM] Too many CANSLIMers?

From: "david frank" <camelot.homes@charter.net>
Subject: Re: [CANSLIM] Too many CANSLIMers?
Date: Wed, 21 Aug 2002 13:04:32 -0500
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Top of Thread: Re: [CANSLIM] Too many CANSLIMers? "Bill Triffet"
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Bill, i don't recall any of the recent CANSLIM breakouts making 10+% except
for PIXR. nor has CVH - you mentioned CVH on your later post-made people
much money. nor do i know of these  large number of failed breakouts. if you
know otherwise please enlighten us. dave
- ----- Original Message -----
From: "Bill Triffet" <btriffet@earthlink.net>
To: <canslim@lists.xmission.com>
Sent: Wednesday, August 21, 2002 11:52 AM
Subject: Re: [CANSLIM] Too many CANSLIMers?


> I call it the C&H stigma. Everyone on all the boards knows this term now.
> Whether they include the proper fundies when picking a stock is not known.
> Five years ago I hardly saw the term compared to now. Ex: have a look at
> www.clearstation.com  for comments about CVH and it's break out and the
> references to IBD news.
>
> Many of the folks on that site use the C&H for short term trades - not
> canslim. While many will assume these are mainly small retail investors (a
> big fish wouldn't advertise), I can bet there are many big fish trading
> short term off breakouts. Heck,  a $100k  trade for a quick 8% to 10% gain
> is ok for them. Just look at the high numbers of failed breakouts. Someone
> made money for a short time.
>
> -Bill
>
>
> ----- Original Message -----
> From: "david frank" <camelot.homes@charter.net>
> To: <canslim@lists.xmission.com>
> Sent: Wednesday, August 21, 2002 9:13 AM
> Subject: Re: [CANSLIM] Too many CANSLIMers?
>
>
> > The side i'm curious about is the sell side. are most of these buyers,
> weak
> > holders or not? probably not, because pure canslimers hold for a 7-8%
> loss.
> > and most of the recent breakouts are holding up quite well. david
> > ----- Original Message -----
> > From: "Edward W. Gjertsen II" <ed@macktracks.com>
> > To: <canslim@lists.xmission.com>
> > Sent: Wednesday, August 21, 2002 10:36 AM
> > Subject: RE: [CANSLIM] Too many CANSLIMers?
> >
> >
> > > Great comments Tom.  Everyone here should realize that there are more
> > > than just individuals following CANSLIM.  We are aware of several
hedge
> > > funds ($50+mm each) that strictly follow CANSLIM.  Also, many who
follow
> > > the great site TradingMarkets.com, will realize the C&H formations are
> > > very popular with swing traders.  Don't forget WON and his employees
> > > trade their retirement plans as well.  So in essence, the pool is
pretty
> > > deep and we will always be faced with potential "squeezes" like CVH.
> > > This is why many have been "cheating" by buying fractional positions
> > > prior to the pivot, eventually loading up to a full position as the
> > > stock breaks through the pivot.  Good Luck to all.
> > >
> > > Ed Gjertsen II
> > > ed@macktracks.com
> > >
> > > -----Original Message-----
> > > From: owner-canslim@lists.xmission.com
> > > [mailto:owner-canslim@lists.xmission.com] On Behalf Of Tom Worley
> > > Sent: Wednesday, August 21, 2002 1:08 AM
> > > To: canslim@lists.xmission.com
> > > Subject: Re: [CANSLIM] Too many CANSLIMers?
> > >
> > > Outside of the small / micro cap playground I like to haunt, where
> > > 10,000
> > > shares in a day can represent a huge volume spike, the retail
investors
> > > represented on this group can make little difference in their buying
> > > power /
> > > volume alone. But where they can make a difference is when you add in
> > > all
> > > the other CANSLIM oriented investors that have not yet (fortunately)
> > > found
> > > this group, or all the ones that are pure momentum players, or think
> > > they
> > > understand CANSLIM, and thereby end up with approx the same pivot
point.
> > > Then, on top of that, think of the real elephants, the money / fund
> > > managers
> > > sitting on the sidelines with bags of somebody else's money they want
to
> > > spend, and don't know where. If they are active practitioners of
> > > CANSLIM,
> > > they likely they are also looking at the same pivot point, and ready
to
> > > cast
> > > millions of $$$ at it when they see a possible b/o. If the little guys
> > > all
> > > start hitting the same pivot point, creating both volume and price
> > > movement,
> > > then some of the elephants start stampeding. That attracts attention
> > > from
> > > other little guys just chasing the herd, as well as other fund / money
> > > managers, some of whom are friends with the ones that already jumped
> > > into
> > > the water.
> > >
> > > They don't call it herd instinct (or herd mentality, which implies
> > > wrongly
> > > that there are any brains behind it) for nothing. Momentum is only one
> > > part
> > > of CANSLIM. When you get both momentum and quality CANSLIM criteria,
you
> > > get
> > > the best of all worlds, of interest to the majority of potential stock
> > > buyers (as well as some shorters).
> > >
> > > ----- Original Message -----
> > > From: "Boyd" <theboyd@tisd.net>
> > > To: <canslim@lists.xmission.com>
> > > Sent: Tuesday, August 20, 2002 1:06 PM
> > > Subject: Re: [CANSLIM] Too many CANSLIMers?
> > >
> > >
> > >
> > > <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
> > >
> > >
> > >
> > >
> > > -
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