Go to Jeff Salisbury LWGate Home Page.From: "Edward W. Gjertsen II" <ed@macktracks.com>
Subject: RE: [CANSLIM] M
Date: Thu, 21 Nov 2002 15:26:43 -0600
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We have found this recent rise to be of great interest. What we found
over the prior 34 months that when we bought leaders and were then
forced to sell - the next time any opportunities came to buy again was
at least 2-4 months later. This last time around =96 it was 4 weeks.
This meant, in our opinion, that sellers were losing control. We are
now approximately 30% invested and climbing. During a CANSLIM seminar
with WON, one thing has stood out at us. WON mentioned that there are
very, very few perfect CANSLIM candidates. We try to use weight of the
evidence. This is not a pick and chose rule, but if things are not
perfect, what would tip the scales for us to purchase. One big item
which I hope starts its own life as a thread is position sizing. We
began purchasing =BD positions to place a toe in the water. As stocks
came under some pressure, we then added to positions at key technical
points. We believe last Friday was a turning point for the markets. On
the weekly television/internet show I participate in, I mentioned how
well the market reacted to negative news. Intel downgrade, bad economic
numbers, etc. The Michigan consumer sentiment provided a boost, but the
market did not buckle to all the bad news, very impressive. Our firm
held client seminars on September 18 and 21st titled the =93End is =
Near=94.
This was the first time since Oct =9299 that we have been positive on =
the
market. The name of the seminar was an attention getter, but the
message was clear. We believe, as we do today, that there is a cyclical
(short-term, 3-6 month) opportunity here to make some money in the
market. We are still in a secular bear market until we are proven
otherwise. But in the meantime, we are buying. As always, I am very
impressed with the depth of knowledge this group brings to the table.
As this market heats up, I look forward to reading all your comments.
=20
Ed Gjertsen II
ed@macktracks.com
=20
- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of Ian
Sent: Thursday, November 21, 2002 3:23 PM
To: canslim@lists.xmission.com
Subject: [CANSLIM] M
=20
Is anyone else finding any "NEW" winners emerging from this buying
frenzy?
=20
It seems to me that several recent rally leaders are rolling over ugly
today - HITK, LCI, ACET - while the indices power ahead, propelled by
the most heavily shorted isues.
=20
It is also baffling to me that the sectors that stand to benefit the
most from coming increases in government spending - the defense and
security sector - are watching this action from the sideline as well.
=20
So am I mising the new leaders of the bull, or is this just shot-term
traders using liquidity to squeeze heavily shorted positions? Opinions?
Whither 'M'?
=20
Ian
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<p class=3DMsoNormal><font size=3D2 color=3Dblue face=3D"Times New =
Roman"><span
style=3D'font-size:10.0pt;color:blue'>We have found this recent rise to =
be of
great interest.=A0 What we found over the prior 34 months that when we =
bought
leaders and were then forced to sell - the next time any opportunities =
came to
buy again was at least 2-4 months later.=A0 This last time around =
– it was
4 weeks.=A0 This meant, in our opinion, that sellers were losing =
control.=A0 We are
now approximately 30% invested and climbing.=A0 During a CANSLIM seminar =
with WON,
one thing has stood out at us.=A0 WON mentioned that there are very, =
very few
perfect CANSLIM candidates.=A0 We try to use weight of the evidence.=A0 =
This is not
a pick and chose rule, but if things are not perfect, what would tip the =
scales
for us to purchase.=A0 One big item which I hope starts its own life as =
a thread
is position sizing.=A0 We began purchasing =BD positions to place a toe =
in the
water.=A0 As stocks came under some pressure, we then added to positions =
at key
technical points.=A0 We believe last Friday was a turning point for the =
markets.=A0
On the weekly television/internet show I participate in, I mentioned how =
well
the market reacted to negative news.=A0 Intel downgrade, bad economic =
numbers,
etc.=A0 The </span></font><font size=3D2 color=3Dblue><span =
style=3D'font-size:10.0pt;
color:blue'>Michigan</span></font><font size=3D2 color=3Dblue><span
style=3D'font-size:10.0pt;color:blue'> consumer sentiment provided a =
boost, but
the market did not buckle to all the bad news, very impressive.=A0 Our =
firm held
client seminars on September 18 and 21st titled the “End is =
Near”.=A0
This was the first time since Oct ’99 that we have been positive =
on the
market.=A0 The name of the seminar was an attention getter, but the =
message was
clear.=A0 We believe, as we do today, that there is a cyclical =
(short-term, 3-6
month) opportunity here to make some money in the market.=A0 We are =
still in a
secular bear market until we are proven otherwise.=A0 But in the =
meantime, we are
buying.=A0 As always, I am very impressed with the depth of knowledge =
this group
brings to the table.=A0 As this market heats up, I look forward to =
reading all your
comments.</span></font></p>
<p class=3DMsoNormal><font size=3D2 color=3Dblue face=3D"Times New =
Roman"><span
style=3D'font-size:10.0pt;color:blue'> </span></font></p>
<div>
<p class=3DMsoNormal><font size=3D2 color=3Dblue face=3D"Times New =
Roman"><span
style=3D'font-size:10.0pt;color:blue'>Ed Gjertsen II</span></font></p>
<p class=3DMsoNormal><font size=3D2 color=3Dblue face=3D"Times New =
Roman"><span
style=3D'font-size:10.0pt;color:blue'><a =
href=3D"mailto:ed@macktracks.com">ed@macktracks.com</a></span></font></p>=
<p class=3DMsoNormal><font size=3D3 face=3D"Times New Roman"><span =
style=3D'font-size:
12.0pt'> </span></font></p>
</div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
face=3DTahoma><span
style=3D'font-size:10.0pt;font-family:Tahoma'>-----Original =
Message-----<br>
<b><span style=3D'font-weight:bold'>From:</span></b> =
owner-</span></font><font
size=3D2 face=3DTahoma><span =
style=3D'font-size:10.0pt;font-family:Tahoma'>canslim@lists.xmission.com<=
/span></font><font
size=3D2 face=3DTahoma><span =
style=3D'font-size:10.0pt;font-family:Tahoma'>
[mailto:owner-</span></font><font size=3D2 face=3DTahoma><span =
style=3D'font-size:
=
10.0pt;font-family:Tahoma'>canslim@lists.xmission.com</span></font><font
size=3D2 face=3DTahoma><span =
style=3D'font-size:10.0pt;font-family:Tahoma'>] <b><span
style=3D'font-weight:bold'>On Behalf Of </span></b>Ian<br>
<b><span style=3D'font-weight:bold'>Sent:</span></b> </span></font><font =
size=3D2 face=3DTahoma><span =
style=3D'font-size:10.0pt;font-family:Tahoma'>Thursday, November
21, 2002</span></font><font size=3D2 face=3DTahoma><span =
style=3D'font-size:10.0pt;
font-family:Tahoma'> </span></font><font size=3D2 face=3DTahoma><span
style=3D'font-size:10.0pt;font-family:Tahoma'>3:23 =
PM</span></font><font size=3D2
face=3DTahoma><span style=3D'font-size:10.0pt;font-family:Tahoma'><br>
<b><span style=3D'font-weight:bold'>To:</span></b> </span></font><font =
size=3D2
face=3DTahoma><span =
style=3D'font-size:10.0pt;font-family:Tahoma'>canslim@lists.xmission.com<=
/span></font><font
size=3D2 face=3DTahoma><span =
style=3D'font-size:10.0pt;font-family:Tahoma'><br>
<b><span style=3D'font-weight:bold'>Subject:</span></b> [CANSLIM] =
M</span></font></p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> </span></font></p>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
face=3D"Times New Roman"><span
style=3D'font-size:10.0pt'>Is anyone else finding any "NEW" =
winners
emerging from this buying frenzy?</span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> </span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
face=3D"Times New Roman"><span
style=3D'font-size:10.0pt'>It seems to me that several recent rally =
leaders
are rolling over ugly today - HITK, LCI, ACET - while the indices power =
ahead,
propelled by the most heavily shorted isues.</span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> </span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
face=3D"Times New Roman"><span
style=3D'font-size:10.0pt'>It is also baffling to me that the sectors =
that stand
to benefit the most from coming increases in government spending - =
the
defense and security sector - are watching this action from the sideline =
as
well.</span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> </span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
face=3D"Times New Roman"><span
style=3D'font-size:10.0pt'>So am I mising the new leaders of the bull, =
or is this
just shot-term traders using liquidity to squeeze heavily shorted =
positions?
Opinions? Whither 'M'?</span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> </span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
face=3D"Times New Roman"><span
style=3D'font-size:10.0pt'>Ian</span></font></p>
</div>
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