Go to Jeff Salisbury LWGate Home Page.From: "david frank" <camelot.homes@charter.net>
Subject: Re: [CANSLIM] Too many CANSLIMers?
Date: Wed, 21 Aug 2002 14:47:07 -0500
Previous Article (by Subject): Re: [CANSLIM] Swing Trading? & Greetings & A question "Dan Forant"
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Mike, yes INTL had a very nice breakout on 8-14, the day of another nasdaq reconfirmation rally. I believe the breakout happened very late in the day-just about got in, but due to it's deficits in sales in each quarter decided not to and wait for a better stock. although it was a breakout stock, because of its lack of growth among other things, believe it is not a valid canslim stock. david - ----- Original Message ----- From: "Mike Gibbons" <mikegibbons@proactech.com> To: <canslim@lists.xmission.com> Sent: Wednesday, August 21, 2002 2:00 PM Subject: RE: [CANSLIM] Too many CANSLIMers? > David, > > Some breakouts are showing more than 10% gain, and holding up. INTL is an > example - up approx 20% from its pivot. Maybe not a perfect CANSLIM stock, > but broke out of a 5 day handle on 8/14. > > Aloha, > > Mike Gibbons > Proactive Technologies, LLC > http://www.proactech.com > > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of david frank > Sent: Wednesday, August 21, 2002 8:05 AM > To: canslim@lists.xmission.com > 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 > > > ----- 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 > > > > > > > > > > > > > > > > > > > > - > > > > -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. > > > > > > > > > - > > > -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. > > > - > -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. - - - -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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