Re: [CANSLIM] Too many CANSLIMers?

From: "Bill Triffet" <btriffet@earthlink.net>
Subject: Re: [CANSLIM] Too many CANSLIMers?
Date: Wed, 21 Aug 2002 12:23:27 -0700
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Whew! I was worried my post was digressing even further. (g)

My point to be made is if we are standing by pure canslim buy/sell rules and
the short term (though possibly some large block trades) are trading on pure
technicals - will/does that effect the breakouts. I say yes. The bright side
is if  this new rally gains some steam with more industry groups breaking
out, the short term traders may keep their toes in the water a little longer
to allow these breakouts to move forward.

- -Bill


- ----- Original Message -----
From: "david frank" <camelot.homes@charter.net>
To: <canslim@lists.xmission.com>
Sent: Wednesday, August 21, 2002 12:15 PM
Subject: Re: [CANSLIM] Too many CANSLIMers?


> Bill, Yes, you are right about what you are saying now. My postings are
> terrible , they are quarter attempts of saying nothing-for the most part
i'm
> thinking about something else-especially if i have my trading shoes on.
they
> kind of look like a very sloppy base like IBD posted by mistake in today's
> paper which was BOYD instead of BYD. Interesting last hour coming up, some
> of these CANSLIM stocks are falling to there breakout points. david
> ----- Original Message -----
> From: "Bill Triffet" <btriffet@earthlink.net>
> To: <canslim@lists.xmission.com>
> Sent: Wednesday, August 21, 2002 1:39 PM
> Subject: Re: [CANSLIM] Too many CANSLIMers?
>
>
> > David,
> >
> > Sorry I wasn't  clear - both in my example and time frame. I was
referring
> > to earlier this year in May when there was similar talk of breakouts -
> many
> > of which failed. I still get that hit today.
> > Also, my real intent with mentioning CVH and clearstation is it's
> visibility
> > there. Some of the discussion involving various parts of canslim.
> >
> > You had asked if most of these were "weak holders" (yes, in this current
> > market). My theory was/is they are short term holders. These folks (IMO)
> buy
> > late in the handle and sell at the breakout. Ex: buy CVH right at the
> > breakout @32 then sell into the breakout @34.5 - that's a 7.8% gain. I'm
> not
> > sure I could pull off such a thing but I would assume others with better
> > trading resource could and do. Definitely not canslim but IMO it does
> effect
> > the breakouts.
> >
> >
> > In the future, I'll wait till I get home to post as I have more time to
> > formulate my thoughts without confusing the subject (or completely
missing
> > the point).
> >
> > -Bill
> >
> >
> >
> >
> > ----- Original Message -----
> > From: "david frank" <camelot.homes@charter.net>
> > To: <canslim@lists.xmission.com>
> > Sent: Wednesday, August 21, 2002 11:04 AM
> > Subject: Re: [CANSLIM] Too many CANSLIMers?
> >
> >
> > > 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



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