From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #2159 Reply-To: canslim Sender: owner-canslim-digest@lists.xmission.com Errors-To: owner-canslim-digest@lists.xmission.com Precedence: bulk Content-Transfer-Encoding: quoted-printable X-No-Archive: yes canslim-digest Sunday, February 24 2002 Volume 02 : Number 2159 In this issue: Re: [CANSLIM] Date: Sun, 24 Feb 2002 15:11:27 -0500 Re: [CANSLIM] Date: Sun, 24 Feb 2002 15:11:27 -0500 RE: [CANSLIM] Date: Sun, 24 Feb 2002 15:11:27 -0500 Re: [CANSLIM] Smal and Micro Caps RE: [CANSLIM] Date: Sun, 24 Feb 2002 15:11:27 -0500 ---------------------------------------------------------------------- Date: Sun, 24 Feb 2002 17:59:27 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Date: Sun, 24 Feb 2002 15:11:27 -0500 I think the best test would be if you could get every one of the 450 or so members to contribute their top five stocks (excluding ones they simply got here). Then rank order the list by frequency of mention. Then get a few dedicated people to do full, in depth, due diligence and post the results for discussion. If only 10 or 20 people participate, the results can be heavily skewed by one individual's bias or preference. Tom Worley stkguru@netside.net AIM: TexWorley - ----- Original Message ----- From: "Dan Forant" To: Sent: Sunday, February 24, 2002 5:51 PM Subject: Re: [CANSLIM] Date: Sun, 24 Feb 2002 15:11:27 -0500 > But........maybe some of the rest of us can learn from it and tailor it to > our needs. It has been suggested, but tried?? > > ----- Original Message ----- > From: "Tom Worley" > To: > Sent: Sunday, February 24, 2002 5:23 PM > Subject: Re: [CANSLIM] Date: Sun, 24 Feb 2002 15:11:27 -0500 > > > > Duke, > > > > While in theory a fine idea, has been suggested before in this group > without > > success. Primary reason is that we are all unique and individual > investors, > > and don't conform well to a single shopping list. I am certainly an > extreme > > example, posting a list in my weekly WWW, and rarely interested in any of > > them because I am only interested in small and micro cap stocks. > > > > Only another small cap investor would be interested in my favorites, and I > > don't share even with them as a rule. > > > > One of the strengths, even beauties, of CANSLIM is the ability to tailor > it > > to the individual's personal preferences and criteria. Takes experience > and > > time to learn to do this well, but for those that have accomplished this, > > they typically have little interest in someone else's list, as it does not > > match their criteria exactly. > > > > Tom Worley > > stkguru@netside.net > > AIM: TexWorley > > ----- Original Message ----- > > From: "Duke Miller" > > To: "Canslim@Lists. Xmission. Com" > > Sent: Sunday, February 24, 2002 3:12 PM > > Subject: [CANSLIM] Date: Sun, 24 Feb 2002 15:11:27 -0500 > > > > > > > Being new to this list, I'd like to share a few observations and proffer > a > > > what-if. > > > > > > a) Working through this market, tugging constantly with my buy > checklist, > > > it helps to have company that's a) knowledgeable, b) successful (or > > > committed to striving for it), and c) CERTAINLY unbiased! > > > > > > b) The debate herein over the merits of CANSLIM-this and/or > CANSLIM-that > > is > > > unending (as it should be). The arguments haven't changed since the > > concept > > > was developed. NO matter how hard we try to stay between the lines, we > > each > > > have our own variation(s), don't we? > > > > > > c) It seems we're all watch-listing and waiting, ever confident the > > > market's going to eventually break out ONLY when it's ready to. I agree > > with > > > Katherine, that we can certainly "mine" some winners these days. I've > got > > > two that are showing promise, buy a dozen more I've been "whipsawed" out > > of. > > > (One thing WON taught me is not to "hide" from my blunders, rather study > > and > > > learn from them. I still hate doing that!) > > > > > > I think you'll all agree, trying to unearth the one stock in four that > > > doesn't shake us out unmercifully in this market we're in is not fun. > So > > > here's a what if from the glistening Gulf shores of Anna Maria Island: > > Is > > > it conceivable we might better devote our time to channeling our > > collective > > > energies toward building "all-star" watch list? One that, when the M > does > > > turn, we can be ready in the wings? > > > > > > Forgive me if the thought isn't totally developed yet (or original to > this > > > group), but what if...those interested "sign up" to each "nominate" one, > > > two, or three personal-favorite watch stocks. Ones you'd buy for your > own > > > mother! (The "mother" of all lists???) And we take that list, follow > its > > > contents' progress together and, on-going, "debate" the merits of each > > > "nomination," old or new. > > > > > > Just today we got lists from Tim and John; I wonder which three from > each > > > list they'd nominate for the Mother List? > > > > > > IMHO, this: a) would help us expand and refine our own lists; b) steepen > > our > > > CANSLIM learning curves via the debates; c) benefit all of us when the > > > tide(s) turn; and c), would be a source for a little fun (while we wait > > for > > > M)! > > > > > > If there's enough interest, I'll be glad to suggest a nomination > checklist > > > which we can improvise as we go along, etc, etc, etc. So what do you > > think? > > > > > > A final note: I'm out of town until Thursday, but will be monitoring as > > > best I can from my remote hotmail account, iffy at best. Worst case > > > scenario, I'll compile a wrap-up of your input by week's end. > > > > > > Duke > > > > > > > > > > > > > > > > > > - > > > -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. ------------------------------ Date: Sun, 24 Feb 2002 17:19:58 -0600 From: "Katherine Malm" Subject: Re: [CANSLIM] Date: Sun, 24 Feb 2002 15:11:27 -0500 This is a multi-part message in MIME format. - ------=_NextPart_000_0048_01C1BD57.7C18F7A0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Duke, I've been mulling over your "mother of all lists" idea all day. I = understand your desire to share "collective wisdom" regarding stock = picks, but I don't agree with it, for the same reason you listed in your = comment (b). Even more so, however, when I was reviewing archives in = many communities in order to decide which list to join, one of the = things I looked for was a community that hadn't reduced discussion of = CANSLIM down to endless stock "picks" but instead a discussion of the = underlying principles that make CANSLIM tick; processes for finding and = evaluating stocks; clarifications of investing concepts; and practice in = the interpretation of technicals, fundamentals, market health and = CANSLIM guidelines. While some may argue that such discussion makes = CANSLIM overly complex, I think this is precisely what makes this a = community that helps to build knowledgeable CANSLIMers. In my mind, it = is the exchange of ideas and viewpoints, not stock picks, which creates = value. Southwest Airlines has had many copycat competitors over the years, = attracted to the business by the notion that following Southwest's = "simple" approach to flying was easy and repeatable. All of the early = copycats' businesses failed because they did not understand the most = important part of Southwest's strategy, i.e., that many dedicated people = work exceptionally hard and utilize a complex systematic approach to = doing business that *appears* to be simple to the customers who fly with = them. Katherine - ----- Original Message -----=20 From: Duke Miller=20 To: Canslim@Lists. Xmission. Com=20 Sent: Sunday, February 24, 2002 2:12 PM Subject: [CANSLIM] Date: Sun, 24 Feb 2002 15:11:27 -0500 Being new to this list, I'd like to share a few observations and = proffer a what-if. a) Working through this market, tugging constantly with my buy = checklist, it helps to have company that's a) knowledgeable, b) successful (or committed to striving for it), and c) CERTAINLY unbiased! b) The debate herein over the merits of CANSLIM-this and/or = CANSLIM-that is unending (as it should be). The arguments haven't changed since the = concept was developed. NO matter how hard we try to stay between the lines, = we each have our own variation(s), don't we? c) It seems we're all watch-listing and waiting, ever confident the market's going to eventually break out ONLY when it's ready to. I = agree with Katherine, that we can certainly "mine" some winners these days. I've = got two that are showing promise, buy a dozen more I've been "whipsawed" = out of. (One thing WON taught me is not to "hide" from my blunders, rather = study and learn from them. I still hate doing that!) I think you'll all agree, trying to unearth the one stock in four that doesn't shake us out unmercifully in this market we're in is not fun. = So here's a what if from the glistening Gulf shores of Anna Maria = Island: Is it conceivable we might better devote our time to channeling our = collective energies toward building "all-star" watch list? One that, when the M = does turn, we can be ready in the wings? Forgive me if the thought isn't totally developed yet (or original to = this group), but what if...those interested "sign up" to each "nominate" = one, two, or three personal-favorite watch stocks. Ones you'd buy for your = own mother! (The "mother" of all lists???) And we take that list, follow = its contents' progress together and, on-going, "debate" the merits of each "nomination," old or new. Just today we got lists from Tim and John; I wonder which three from = each list they'd nominate for the Mother List? IMHO, this: a) would help us expand and refine our own lists; b) = steepen our CANSLIM learning curves via the debates; c) benefit all of us when the tide(s) turn; and c), would be a source for a little fun (while we = wait for M)! If there's enough interest, I'll be glad to suggest a nomination = checklist which we can improvise as we go along, etc, etc, etc. So what do you = think? A final note: I'm out of town until Thursday, but will be monitoring = as best I can from my remote hotmail account, iffy at best. Worst case scenario, I'll compile a wrap-up of your input by week's end. Duke - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - ------=_NextPart_000_0048_01C1BD57.7C18F7A0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi Duke,
 
I've been mulling over your "mother of all lists" idea all day. I=20 understand your desire to share "collective wisdom" regarding stock = picks, but I=20 don't agree with it, for the same reason you listed in your comment (b). = Even=20 more so, however, when I was reviewing archives in many communities in = order to=20 decide which list to join, one of the things I looked for was a = community that=20 hadn't reduced discussion of CANSLIM down to endless stock "picks" but = instead a=20 discussion of the underlying principles that make CANSLIM tick; = processes for=20 finding and evaluating stocks; clarifications of investing=20 concepts; and practice in the interpretation of technicals,=20 fundamentals, market health and CANSLIM guidelines. While some may argue = that=20 such discussion makes CANSLIM overly complex, I think this is precisely = what=20 makes this a community that helps to build knowledgeable CANSLIMers. In = my mind,=20 it is the exchange of ideas and viewpoints, not stock picks, which = creates=20 value.
 
Southwest Airlines has had many copycat competitors over the years, = attracted to the business by the notion that following Southwest's = "simple"=20 approach to flying was easy and repeatable. All of the early copycats'=20 businesses failed because they did not understand the most important = part of=20 Southwest's strategy, i.e., that many dedicated people work = exceptionally hard=20 and utilize a complex systematic approach to doing business that = *appears* to be=20 simple to the customers who fly with them.
 
Katherine
 
----- Original Message -----
From:=20 Duke=20 Miller
Sent: Sunday, February 24, 2002 = 2:12=20 PM
Subject: [CANSLIM] Date: Sun, = 24 Feb 2002=20 15:11:27 -0500

Being new to this list, I'd like to share a few = observations=20 and proffer a
what-if.

a)  Working through this market, = tugging=20 constantly with my buy checklist,
it helps to have company that's = a)=20 knowledgeable, b) successful (or
committed to striving for it), and = c)=20 CERTAINLY unbiased!

b)  The debate herein over the merits = of=20 CANSLIM-this and/or CANSLIM-that is
unending (as it should = be).  The=20 arguments haven't changed since the concept
was developed.  NO = matter=20 how hard we try to stay between the lines, we each
have our own=20 variation(s), don't we?

c)  It seems we're all = watch-listing and=20 waiting, ever confident the
market's going to eventually break out = ONLY=20 when it's ready to. I agree with
Katherine, that we can certainly = "mine"=20 some winners these days.  I've got
two that are showing = promise, buy a=20 dozen more I've been "whipsawed" out of.
(One thing WON taught me = is not to=20 "hide" from my blunders, rather study and
learn from them.  I = still=20 hate doing that!)

I think you'll all agree, trying to unearth = the one=20 stock in four that
doesn't shake us out unmercifully in this market = we're=20 in is not fun.  So
here's a  what if from the glistening = Gulf=20 shores of Anna Maria Island:  Is
it conceivable we might = better devote=20 our time to channeling our collective
energies toward building = "all-star"=20 watch list?  One that, when the M does
turn, we can be ready = in the=20 wings?

Forgive me if the thought isn't totally developed yet = (or=20 original to this
group), but what if...those interested "sign up" = to each=20 "nominate" one,
two, or three personal-favorite watch stocks.  = Ones=20 you'd buy for your own
mother! (The "mother" of all = lists???)  =20 And we take that list, follow its
contents' progress together and,=20 on-going, "debate" the merits of each
"nomination," old or = new.

Just=20 today we got lists from Tim and John;  I wonder which three from=20 each
list they'd nominate for the Mother List?

IMHO, this: = a) would=20 help us expand and refine our own lists; b) steepen our
CANSLIM = learning=20 curves via the debates; c) benefit all of us when the
tide(s) turn; = and c),=20 would be a source for a little fun (while we wait for
M)!

If = there's=20 enough interest, I'll be glad to suggest a nomination = checklist
which we=20 can improvise as we go along, etc, etc, etc.  So what do you=20 think?

A final note:  I'm out of town until Thursday, but = will be=20 monitoring as
best I can from my remote hotmail account, iffy at=20 best.  Worst case
scenario, I'll compile a wrap-up of your = input by=20 week's end.

Duke





-
-To = subscribe/unsubscribe,=20 email "majordomo@xmission.com"
-In= the=20 email body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your email. - ------=_NextPart_000_0048_01C1BD57.7C18F7A0-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Sun, 24 Feb 2002 18:24:32 -0500 From: "Duke Miller" Subject: RE: [CANSLIM] Date: Sun, 24 Feb 2002 15:11:27 -0500 I haven't left town yet, and wish to respond to the early replies. Because it hasn't been tried or has been tried and not work...phooey! As for your varying styles and areas of concentration...so what? The more and the more varied the merrier. I don't care what color your preferences are, as long as the go up when they're supposed to and make money, they're all GREEN to me! I'll put my effort where my what-if is (Got nothing else to do while waiting for M, do we?): I will administer this to get it up and running. My vision is everyone submits their favorites; you all suggest a number of submissions, I'll average them and pass it on; if we want five and you have only two, send them anyway; then I'll compile them on a spreadsheet of some sort with the appropriate criteria (that we agree on). So, have at it with your opinions. I'll be watching from my remote Hotmail account while away. Then you'll be hearing from me. Oh yes, and have FUN! Duke > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley > Sent: Sunday, February 24, 2002 5:59 PM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] Date: Sun, 24 Feb 2002 15:11:27 -0500 > > > I think the best test would be if you could get every one of the 450 or so > members to contribute their top five stocks (excluding ones they > simply got > here). Then rank order the list by frequency of mention. Then get a few > dedicated people to do full, in depth, due diligence and post the results > for discussion. > > If only 10 or 20 people participate, the results can be heavily skewed by > one individual's bias or preference. > > Tom Worley > stkguru@netside.net > AIM: TexWorley > ----- Original Message ----- > From: "Dan Forant" > To: > Sent: Sunday, February 24, 2002 5:51 PM > Subject: Re: [CANSLIM] Date: Sun, 24 Feb 2002 15:11:27 -0500 > > > > But........maybe some of the rest of us can learn from it and > tailor it to > > our needs. It has been suggested, but tried?? > > > > ----- Original Message ----- > > From: "Tom Worley" > > To: > > Sent: Sunday, February 24, 2002 5:23 PM > > Subject: Re: [CANSLIM] Date: Sun, 24 Feb 2002 15:11:27 -0500 > > > > > > > Duke, > > > > > > While in theory a fine idea, has been suggested before in this group > > without > > > success. Primary reason is that we are all unique and individual > > investors, > > > and don't conform well to a single shopping list. I am certainly an > > extreme > > > example, posting a list in my weekly WWW, and rarely interested in any > of > > > them because I am only interested in small and micro cap stocks. > > > > > > Only another small cap investor would be interested in my > favorites, and > I > > > don't share even with them as a rule. > > > > > > One of the strengths, even beauties, of CANSLIM is the > ability to tailor > > it > > > to the individual's personal preferences and criteria. Takes > experience > > and > > > time to learn to do this well, but for those that have accomplished > this, > > > they typically have little interest in someone else's list, as it does > not > > > match their criteria exactly. > > > > > > Tom Worley > > > stkguru@netside.net > > > AIM: TexWorley > > > ----- Original Message ----- > > > From: "Duke Miller" > > > To: "Canslim@Lists. Xmission. Com" > > > Sent: Sunday, February 24, 2002 3:12 PM > > > Subject: [CANSLIM] Date: Sun, 24 Feb 2002 15:11:27 -0500 > > > > > > > > > > Being new to this list, I'd like to share a few observations and > proffer > > a > > > > what-if. > > > > > > > > a) Working through this market, tugging constantly with my buy > > checklist, > > > > it helps to have company that's a) knowledgeable, b) successful (or > > > > committed to striving for it), and c) CERTAINLY unbiased! > > > > > > > > b) The debate herein over the merits of CANSLIM-this and/or > > CANSLIM-that > > > is > > > > unending (as it should be). The arguments haven't changed since the > > > concept > > > > was developed. NO matter how hard we try to stay between the lines, > we > > > each > > > > have our own variation(s), don't we? > > > > > > > > c) It seems we're all watch-listing and waiting, ever confident the > > > > market's going to eventually break out ONLY when it's ready to. I > agree > > > with > > > > Katherine, that we can certainly "mine" some winners these > days. I've > > got > > > > two that are showing promise, buy a dozen more I've been "whipsawed" > out > > > of. > > > > (One thing WON taught me is not to "hide" from my blunders, rather > study > > > and > > > > learn from them. I still hate doing that!) > > > > > > > > I think you'll all agree, trying to unearth the one stock > in four that > > > > doesn't shake us out unmercifully in this market we're in > is not fun. > > So > > > > here's a what if from the glistening Gulf shores of Anna Maria > Island: > > > Is > > > > it conceivable we might better devote our time to channeling our > > > collective > > > > energies toward building "all-star" watch list? One that, > when the M > > does > > > > turn, we can be ready in the wings? > > > > > > > > Forgive me if the thought isn't totally developed yet (or > original to > > this > > > > group), but what if...those interested "sign up" to each "nominate" > one, > > > > two, or three personal-favorite watch stocks. Ones you'd > buy for your > > own > > > > mother! (The "mother" of all lists???) And we take that > list, follow > > its > > > > contents' progress together and, on-going, "debate" the > merits of each > > > > "nomination," old or new. > > > > > > > > Just today we got lists from Tim and John; I wonder which > three from > > each > > > > list they'd nominate for the Mother List? > > > > > > > > IMHO, this: a) would help us expand and refine our own lists; b) > steepen > > > our > > > > CANSLIM learning curves via the debates; c) benefit all of > us when the > > > > tide(s) turn; and c), would be a source for a little fun (while we > wait > > > for > > > > M)! > > > > > > > > If there's enough interest, I'll be glad to suggest a nomination > > checklist > > > > which we can improvise as we go along, etc, etc, etc. So > what do you > > > think? > > > > > > > > A final note: I'm out of town until Thursday, but will be > monitoring > as > > > > best I can from my remote hotmail account, iffy at best. Worst case > > > > scenario, I'll compile a wrap-up of your input by week's end. > > > > > > > > Duke > > > > > > > > > > > > > > > > > > > > > > > > - > > > > -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. ------------------------------ Date: 24 Feb 2002 15:41:35 -0800 From: "Tim Fisher" Subject: Re: [CANSLIM] Smal and Micro Caps IMO: At 12:06 PM 2/24/2002 -0800, you wrote: > > > > + Large-caps have too many shares outstanding to have the explosive > > price movement that produces big winners. > > >If this is really true, fine. I still question this as a reality, though. >If a large cap has the growth to make it a Canslim stock, does it not have >the potential for price movement? No, unless you're in a bubble environment. Large caps worked as well as or better than small caps in '98-'99. > Is a 150% increase in volume with a >breakout in a large cap not any more credible than for a small? It's very unusual. If you get a B/O on 150% ADV on a large cap CANSLIM stock consider yourself very lucky. Most B/O without the req'd vol. >Do large >caps truly have less price movement? Yes, they have much more institutional inertia, in general. >Perry > > >- >-To subscribe/unsubscribe, email "majordomo@xmission.com" >-In the email body, write "subscribe canslim" or >-"unsubscribe canslim". Do not use quotes in your email. Tim Fisher Ore-ROCK-On Rockhounding Web Site Owner, Fisher Fisheries, Ltd. mailto:tim@OreRockOn.com WWW http://OreRockOn.com - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Sun, 24 Feb 2002 18:50:42 -0500 From: "Duke Miller" Subject: RE: [CANSLIM] Date: Sun, 24 Feb 2002 15:11:27 -0500 This is a multi-part message in MIME format. - ------=_NextPart_000_004B_01C1BD64.28F4B6B0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit Katherine: I understand TOTALLY your opinion; I joined this list for many of the same reasons you did. But...your rationale for joining this list only SUPPORTS my concept. What better way to become adept and expand your horizons regarding CANSLIM than with real life, actual examples, I.e., our LIMITED submissions of potential CANSLIM stocks (not "stock picks") for the Mother List? Have you been to a CANSLIM seminar? I don't know about you, but 90% of my takeaway is in the form of actual charts illustrating real life situations with notes as to the discussions. I see a lot of that in the Mother list: Forcing "members" to justify their picks before they make this list has immense educational potential. In other words, don't tell us you think this is a good pick....tell us WHY! So, my intent is NOT to have the concept become a list of stock picks. Rather, a list of stocks that students of CANSLIM are damn near willing to fight for; stocks they don't want to see removed from the list for this reason or that; stocks they (and all others) can potentially make money on. My wording about "CANSLIM this and CANSLIM that" was poorly chosen. I didn't mean to imply boredom. But if all that CANSLIM this and CANSLIM that is backed up by actual real life, this is my money examples....won't it mean more? (Not to beat a dead horse, but did you see in the Sunday WSJ that Southwest Airlines is going to change their system. No more colored boarding cards. Even they are looking at the world a bit differently.) Debate on! Duke -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm Sent: Sunday, February 24, 2002 6:20 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Date: Sun, 24 Feb 2002 15:11:27 -0500 Hi Duke, I've been mulling over your "mother of all lists" idea all day. I understand your desire to share "collective wisdom" regarding stock picks, but I don't agree with it, for the same reason you listed in your comment (b). Even more so, however, when I was reviewing archives in many communities in order to decide which list to join, one of the things I looked for was a community that hadn't reduced discussion of CANSLIM down to endless stock "picks" but instead a discussion of the underlying principles that make CANSLIM tick; processes for finding and evaluating stocks; clarifications of investing concepts; and practice in the interpretation of technicals, fundamentals, market health and CANSLIM guidelines. While some may argue that such discussion makes CANSLIM overly complex, I think this is precisely what makes this a community that helps to build knowledgeable CANSLIMers. In my mind, it is the exchange of ideas and viewpoints, not stock picks, which creates value. Southwest Airlines has had many copycat competitors over the years, attracted to the business by the notion that following Southwest's "simple" approach to flying was easy and repeatable. All of the early copycats' businesses failed because they did not understand the most important part of Southwest's strategy, i.e., that many dedicated people work exceptionally hard and utilize a complex systematic approach to doing business that *appears* to be simple to the customers who fly with them. Katherine ----- Original Message ----- From: Duke Miller To: Canslim@Lists. Xmission. Com Sent: Sunday, February 24, 2002 2:12 PM Subject: [CANSLIM] Date: Sun, 24 Feb 2002 15:11:27 -0500 Being new to this list, I'd like to share a few observations and proffer a what-if. a) Working through this market, tugging constantly with my buy checklist, it helps to have company that's a) knowledgeable, b) successful (or committed to striving for it), and c) CERTAINLY unbiased! b) The debate herein over the merits of CANSLIM-this and/or CANSLIM-that is unending (as it should be). The arguments haven't changed since the concept was developed. NO matter how hard we try to stay between the lines, we each have our own variation(s), don't we? c) It seems we're all watch-listing and waiting, ever confident the market's going to eventually break out ONLY when it's ready to. I agree with Katherine, that we can certainly "mine" some winners these days. I've got two that are showing promise, buy a dozen more I've been "whipsawed" out of. (One thing WON taught me is not to "hide" from my blunders, rather study and learn from them. I still hate doing that!) I think you'll all agree, trying to unearth the one stock in four that doesn't shake us out unmercifully in this market we're in is not fun. So here's a what if from the glistening Gulf shores of Anna Maria Island: Is it conceivable we might better devote our time to channeling our collective energies toward building "all-star" watch list? One that, when the M does turn, we can be ready in the wings? Forgive me if the thought isn't totally developed yet (or original to this group), but what if...those interested "sign up" to each "nominate" one, two, or three personal-favorite watch stocks. Ones you'd buy for your own mother! (The "mother" of all lists???) And we take that list, follow its contents' progress together and, on-going, "debate" the merits of each "nomination," old or new. Just today we got lists from Tim and John; I wonder which three from each list they'd nominate for the Mother List? IMHO, this: a) would help us expand and refine our own lists; b) steepen our CANSLIM learning curves via the debates; c) benefit all of us when the tide(s) turn; and c), would be a source for a little fun (while we wait for M)! If there's enough interest, I'll be glad to suggest a nomination checklist which we can improvise as we go along, etc, etc, etc. So what do you think? A final note: I'm out of town until Thursday, but will be monitoring as best I can from my remote hotmail account, iffy at best. Worst case scenario, I'll compile a wrap-up of your input by week's end. Duke - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". 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Katherine:
 
I understand = TOTALLY your=20 opinion; I joined this list for many of the same reasons you did. =20
 
But...your = rationale for=20 joining this list only SUPPORTS my concept.  What better way = to become=20 adept and expand your horizons regarding CANSLIM than with real life, = actual=20 examples, I.e., our LIMITED submissions of potential CANSLIM stocks (not = "stock=20 picks") for the Mother List? 
 
Have you been = to a CANSLIM=20 seminar?   I don't know about you, but 90% of my takeaway is = in the=20 form of actual charts illustrating real life situations with notes as to = the=20 discussions.  I see a lot of that in the Mother list:  = Forcing=20 "members" to justify their picks before they make this list has immense=20 educational potential.  In other words, don't tell us you think = this is a=20 good pick....tell us WHY!
 
So, my intent = is NOT to=20 have the concept become a list of stock picks.  Rather, a list of = stocks=20 that students of CANSLIM are damn near willing to fight for; stocks they = don't=20 want to see removed from the list for this reason or that; stocks they = (and all=20 others) can potentially make money on.  My wording about "CANSLIM = this and=20 CANSLIM that" was poorly chosen.  I didn't mean to imply = boredom.  But=20 if all that CANSLIM this and CANSLIM that is backed up by actual real = life, this=20 is my money examples....won't it mean more?
 
(Not to beat a = dead horse,=20 but did you see in the Sunday WSJ that Southwest Airlines is going = to=20 change their system.  No more colored boarding cards.  Even = they are=20 looking at the world a bit differently.)
 
Debate=20 on!
 
Duke
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine = Malm
Sent: Sunday, February 24, 2002 6:20 PM
To:=20 canslim@lists.xmission.com
Subject: Re: [CANSLIM] Date: Sun, = 24 Feb=20 2002 15:11:27 -0500

Hi Duke,
 
I've been mulling over your "mother of all lists" idea all day. I = understand your desire to share "collective wisdom" regarding stock = picks, but=20 I don't agree with it, for the same reason you listed in your comment = (b).=20 Even more so, however, when I was reviewing archives in many = communities in=20 order to decide which list to join, one of the things I looked for was = a=20 community that hadn't reduced discussion of CANSLIM down to endless = stock=20 "picks" but instead a discussion of the underlying principles that = make=20 CANSLIM tick; processes for finding and evaluating stocks; = clarifications of=20 investing concepts; and practice in the interpretation of=20 technicals, fundamentals, market health and CANSLIM guidelines. While = some may=20 argue that such discussion makes CANSLIM overly complex, I think this = is=20 precisely what makes this a community that helps to build = knowledgeable=20 CANSLIMers. In my mind, it is the exchange of ideas and viewpoints, = not stock=20 picks, which creates value.
 
Southwest Airlines has had many copycat competitors over the = years,=20 attracted to the business by the notion that following Southwest's = "simple"=20 approach to flying was easy and repeatable. All of the early copycats' = businesses failed because they did not understand the most important = part of=20 Southwest's strategy, i.e., that many dedicated people work = exceptionally hard=20 and utilize a complex systematic approach to doing business that = *appears* to=20 be simple to the customers who fly with them.
 
Katherine
 
----- Original Message -----
From:=20 Duke Miller
Sent: Sunday, February 24, = 2002 2:12=20 PM
Subject: [CANSLIM] Date: Sun, = 24 Feb=20 2002 15:11:27 -0500

Being new to this list, I'd like to share a few = observations=20 and proffer a
what-if.

a)  Working through this = market,=20 tugging constantly with my buy checklist,
it helps to have = company that's=20 a) knowledgeable, b) successful (or
committed to striving for = it), and c)=20 CERTAINLY unbiased!

b)  The debate herein over the = merits of=20 CANSLIM-this and/or CANSLIM-that is
unending (as it should = be).  The=20 arguments haven't changed since the concept
was developed.  = NO=20 matter how hard we try to stay between the lines, we each
have = our own=20 variation(s), don't we?

c)  It seems we're all = watch-listing and=20 waiting, ever confident the
market's going to eventually break = out ONLY=20 when it's ready to. I agree with
Katherine, that we can certainly = "mine"=20 some winners these days.  I've got
two that are showing = promise, buy=20 a dozen more I've been "whipsawed" out of.
(One thing WON taught = me is=20 not to "hide" from my blunders, rather study and
learn from = them.  I=20 still hate doing that!)

I think you'll all agree, trying to = unearth=20 the one stock in four that
doesn't shake us out unmercifully in = this=20 market we're in is not fun.  So
here's a  what if from = the=20 glistening Gulf shores of Anna Maria Island:  Is
it = conceivable we=20 might better devote our time to channeling our = collective
energies toward=20 building "all-star" watch list?  One that, when the M = does
turn, we=20 can be ready in the wings?

Forgive me if the thought isn't = totally=20 developed yet (or original to this
group), but what if...those = interested=20 "sign up" to each "nominate" one,
two, or three personal-favorite = watch=20 stocks.  Ones you'd buy for your own
mother! (The "mother" = of all=20 lists???)   And we take that list, follow its
contents' = progress together and, on-going, "debate" the merits of=20 each
"nomination," old or new.

Just today we got lists = from Tim=20 and John;  I wonder which three from each
list they'd = nominate for=20 the Mother List?

IMHO, this: a) would help us expand and = refine our=20 own lists; b) steepen our
CANSLIM learning curves via the = debates; c)=20 benefit all of us when the
tide(s) turn; and c), would be a = source for a=20 little fun (while we wait for
M)!

If there's enough = interest, I'll=20 be glad to suggest a nomination checklist
which we can improvise = as we go=20 along, etc, etc, etc.  So what do you think?

A final = note: =20 I'm out of town until Thursday, but will be monitoring as
best I = can from=20 my remote hotmail account, iffy at best.  Worst = case
scenario, I'll=20 compile a wrap-up of your input by week's=20 end.

Duke





-
-To = subscribe/unsubscribe,=20 email "majordomo@xmission.com"
-In= the=20 email body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your = email.
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