From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #250 Reply-To: canslim Sender: owner-canslim-digest@lists.xmission.com Errors-To: owner-canslim-digest@lists.xmission.com Precedence: bulk X-No-Archive: yes canslim-digest Saturday, May 23 1998 Volume 02 : Number 250 In this issue: [CANSLIM] The Trader and Tom. [CANSLIM] Re: Tim's Questions [CANSLIM] Surgery Re: [CANSLIM] Connie Mack/Swing Trading [CANSLIM] Swing Trading reference Re: [CANSLIM] Connie's TA Files RE: [CANSLIM] Connie Mack/Swing Trading Re: [CANSLIM] Connie's TA Files [CANSLIM] Tom [CANSLIM] Market Direction? Re: [CANSLIM] Tom [CANSLIM] Delivery error. [CANSLIM] Something New In Daily Graphs Online. Re: [CANSLIM] Delivery error. [CANSLIM] Positive Divergence [CANSLIM] Asia RE: [CANSLIM] Something New In Daily Graphs Online. Re: [CANSLIM] Tom Re: [CANSLIM] Tom [CANSLIM] Unknown Ticker Symbol [CANSLIM] Using the Net to Check Out Stocks [CANSLIM] TOM ---------------------------------------------------------------------- Date: Fri, 22 May 1998 15:09:59 -0400 From: Connie Mack Rea Subject: [CANSLIM] The Trader and Tom. Members-- Over this week, three members have spoken to me about the circumstances of Tom's departure. This morning a fourth, more direct, asked if I had forgotten that it was Tom who defended me when a couple of the members were less than civil about my posting to the group. I certainly have not forgotten Tom's defence of me, and have so stated privately and publicly. What I always keep in mind, even as I have discussed Tom's leaving with the three and suffer a friendly admonishment from the fourth, is that I am a guest. And why should being a guest forbid my commenting? Once when my NBA team was playing exhibition games in Japan, I was, after a game, invited by a Japanese player to the home of his parents. As I sat with his family and his father's family talking after dinner, I felt just a few moments of unaccountable chill. It quickly gave way, but I wondered about the feeling. When I later asked the player about the chill, he acknowledged it and inexplicably apologized. For what I could not imagine. In some traditional Japanese home, one still abides by the old ways. What I had done was move my own chair and push another away from me for some leg room. What I learned was that it was an affront ever to go into another's house and move any piece of furniture. I had sent an affront where none was intended. In a sense, I don't want to move any of the group's furniture [or any of Tom's or Jeffry's]. The fourth member's mail today convinced me that I would not intrude if I were to comment. I will do that shortly. Connie Mack - ----------------- Friday I have not read every word that passed between Tom and Jeffry so I may be missing some of the nuances. That each may not have his opinion is like saying that the uneducated can make white panes for houses but only the educated can make colored panes for churches. I am not waiting for the time when students are to be unflaggingly academic or exquisitely bred and nor should the group have to wait for two of our most knowledgeable members to be unflaggingly Canslim or exquisitely bred. None of us will live that long. Both Tom and Jeffry are educated men and ought, therefore, be allowed to metaphorically make white or colored panes for Canslim. I have found that most absolutely pure things are unpalatable, whether vodka or religion. What we may expect is for a taboo indignity to fall upon any of us who loses his civility. Apparently, for Tom and Jeffry, it is not easy to hold a lively and at the same time friendly conversation about Canslim principles. And I believe the reason is that both are so knowledgeable and dedicated. Ideas similar but substantially different can be legitimately brought together. Have I sensed that Jeffry believes that Tom is at least modestly corrupting those in the group because he is less pure than an O'Neill devotee ought to be? I am not waiting for the time when students are unflaggingly academic or exquisitely bred and nor should the group have to wait for two of our most members to be unflaggingly Canslim or exquisitely bred. None of us will live that long. Even the best arguments about Canslim principles rotate eccentrically; they are not pure, not logically or functionally clean. Often they exhibit annoying burrs, but the arguments should not, in the hands of Tom or Jeffry, rotate with blades of vivisection. Neither Tom's preoccupied nod of departure nor Jeffry's shirk of the disappearing shoulder should serve as a solution. It seems to me that at the bottom of their differences is that one has a modest inclination to rely on events along with Canslim principles and the other to rely on a method of pure reasoning. I see these positions as fairly distinct, but not incompatible. I am more amenable to Tom's eclectic approach. I find it difficult to see Jeffry's absoluteness in a system constantly evolving. It is in that evolution that Jeffry might find room for some of Tom's eclecticism. E.g., I would be one to rely on events. I am little interested in value, earnings, or reading a filing. To me, all that information is already built-in the stock; somebody, much smarter than I am, knows now what I will learn later. So I am a trader who knows the ticker symbol of the company but not its name. It's just my style. But it's not the only style. It's not the best style. It's just my style. Strong emotions ought not use up one's strength or civility and thereby make life nasty. I hope that Tom and Jeffry will return. I rather liked the ornery buggers. Connie Mack - - ------------------------------ Date: Fri, 22 May 1998 12:45:44 -0700 (PDT) From: dbphoenix Subject: [CANSLIM] Re: Tim's Questions <> I'm not sure what you're referring to. SQLY and year-ago are the same thing. <> He's never really made that clear. I think what he's trying to get at is that a superior company need not be a giant winner every single quarter. Right now we're seeing all sorts of fine companies basically going on sale. Does that mean we are to ignore them? Debatable. But IMO, to suggest that CS demands that stocks that were stellar performars a week ago are now pond scum because of an earnings warning is to do CS a disservice. Again IMO, a superior company is a superior company, regardless of what it does in one particular quarter. Whether O'N would agree or not, I have no idea, but I wouldn't be surprised if he's eyeballing MANU. <> Sorry. I meant a ratio of <1:1. In other words, debt should be less than equity. <> No. I use WOWS. - --Db _________________________________________________________ DO YOU YAHOO!? Get your free @yahoo.com address at http://mail.yahoo.com - - ------------------------------ Date: Fri, 22 May 1998 15:53:16 -0400 From: Jeffry White <"postwhit@sover.net"@sover.net> Subject: [CANSLIM] Surgery Chris Peek wrote: > Jeffery, now I have a question for you, are you going > to step in and answer the questions (especially the newbie questions) from > the group in the same prompt and pleasant manner as Tom did? Can you wait until I recover from surgery? In the meantime, all the answers are in HTMMIS. Sorry you conclude that my purpose was anything but genuine curiosity and concern for newbies and not-so newbies being misguided by non-CANSLIM "M" and cheap stock interests. See ya soon, Chris. Jeffry - - ------------------------------ Date: Fri, 22 May 1998 16:07:50 -0400 From: Connie Mack Rea Subject: Re: [CANSLIM] Connie Mack/Swing Trading Patrick-- Try hppt://www.mrci.com Think you find a bibliography in some of the free stuff. Think this is same site that Deral suggested. Connie Mack Patrick Wahl wrote: > > Date: Fri, 22 May 1998 08:03:01 -0400 > > From: Deral Rackley > > > I am interested in learning more about SWING TRADING. Would you please = > > recommend reference sources (i.e. book, web site, other)? > > The book "Street Smarts" by Larry Connors and Linda Bradford Raschke > has swing trading stuff in it. Also, Moore Research has a web site, > and if you register, you can get some notes by Linda Raschke. I > don't have the address unfortunately, but that's Stephen Moore, a > search might turn up the web site. > > - - - ------------------------------ Date: Fri, 22 May 1998 15:58:24 -0400 From: Deral Rackley Subject: [CANSLIM] Swing Trading reference Thanks for the Swing Trade References. I'll look them up and see what I = can learn. Also I appreciate your charts at the web site. Deral - - ------------------------------ Date: Fri, 22 May 1998 16:28:17 EDT From: Mulack Subject: Re: [CANSLIM] Connie's TA Files Connie I am relatively new to the group and would appreciate a ccopy of your files also. Thanks Frank - - ------------------------------ Date: Fri, 22 May 1998 13:37:19 -0700 From: "Bob Jagow" Subject: RE: [CANSLIM] Connie Mack/Swing Trading Connie, Won't work if it doesn't underline. ;) For Netscape and MSIE's current 4.x, mrci will find http://www.mrci.com -Bob > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Connie Mack Rea > Sent: Friday, May 22, 1998 1:08 PM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] Connie Mack/Swing Trading > > > Patrick-- > > Try hppt://www.mrci.com > > Think you find a bibliography in some of the free stuff. > > Think this is same site that Deral suggested. > > Connie Mack > > > > > Patrick Wahl wrote: > > > > Date: Fri, 22 May 1998 08:03:01 -0400 > > > From: Deral Rackley > > > > > I am interested in learning more about SWING TRADING. Would > you please = > > > recommend reference sources (i.e. book, web site, other)? > > > > The book "Street Smarts" by Larry Connors and Linda Bradford Raschke > > has swing trading stuff in it. Also, Moore Research has a web site, > > and if you register, you can get some notes by Linda Raschke. I > > don't have the address unfortunately, but that's Stephen Moore, a > > search might turn up the web site. > > > > - > > > > > - > - - ------------------------------ Date: Fri, 22 May 1998 17:05:47 -0400 From: "Gayle Austin http://www.rootsweb.com/~vapittsy/" Subject: Re: [CANSLIM] Connie's TA Files I am brand new to the list. What are Connie's TA Files? As a new person I would imagine that I would need them as I need all the help that I can get!! Gayle Mulack wrote: > Connie > > I am relatively new to the group and would appreciate a ccopy of your files > also. > > Thanks > > Frank > > - - - ------------------------------ Date: Fri, 22 May 1998 16:58:23 -0400 From: Jeffry White <"postwhit@sover.net"@sover.net> Subject: [CANSLIM] Tom Joe Scott wrote: > Date: Fri, 22 May 1998 11:14:11 -0500 > From: Joe Scott > Subject: Re: [CANSLIM] Tom > > Tom is definitely not reading this group, he has unsubscribed, and told me > that he doesn't plan on returning anytime soon. > I've tried to convince him otherwise, but didn't look good. > > don't know a thing > joe > > joe@2fords.net > http://www.2fords.net/joe/ Very unfortunate indeed, and I'll take part responsibility for which I will apologize to the group and Tom, again. However, I think Tom must bear his fair share, but not by stomping his feet and leaving the group. He should, acknowlege his shortcomings (as do we all), consider the effect some of his commments have on those who have posted their reactions here and get back to business. Now, I'll just try to squeeze out one more message between medications. I've said this before, but I'll say it again. With a few exceptions (for example, I think he's too picky when the "M" move is in full swing) Tom has the finest grasp of the most fundamental CS criteria for stock selection I have ever seen. But, I think his lack of focus on the WON's "M" and interest in cheap stocks as opposed to the true leadership necessitates that kind of grasp of the other criteria. What I mean is the "M" is unforgiving, and imagine how powerful his returns would be if his "M" had gotten him out of stocks like MSON, SOCR, etc. in the face of clear distribution in the "M" last October. Many in this group were in cash based upon the topping action which preceeded the crash, many were not. Imagine what his/their returns would have been like from the May 1, 1997 low if he/they had not had such an opinion about the oil stocks. My returns during that time were quite satisfying, knowing nothing buy CANSLIM about the oils. I know of a member of this group who posted a very thoughtful analysis which was textbook CANSLIM pointing out the leadership emergence of the oil group in mid-May '97, only to have Tom gun it down in a very persuasive way with one exception: It was opinionated noise, and the oils proved it to us all from May to October 1997. Outside of true and pure CANSLI fundamental criteria, what Tom focuses on, no matter how eloquently stated, interesting (yes, even I find it perhaps too interesting, at times) is CNBC style noise, IMHO. There are alot of fine, well studied, experienced guests on CNBC, but it's all noise to me. Noise is the greatest enemy to my trading psyche, so much so that I tend not to read this group very closely and never even look at stock selections posted here. For the most part, I read this group for constant reminders of the rules of CANSLIM which are thoughfully set out by many members of this group almost on a daily basis in response to a newbie type question. Rules I know, and can read for myself in HTMMIS, but rules that are hard to keep in the forefront of one's mind at the most crucial times. Another person's picks aren't my picks, and if they're not my picks, then I tend to cheat and don't know what I'm actually playing or give up a patient approach which is where I find my greatest successes. So, I rarely ask for feedback or post a pick. Sorry, I find it too distracting. To each his own, but what has troubled me and frustrated me (apparently to the point of abject sarcasm) is that Tom's omnipresence on this thread is very confusing to many newbies, and many time to me as well (newbie or no). Many, many have confirmed this to me privately. But Tom doesn't seem to see the danger in the volume of his postings which are, by admission, not CANSLIM. His interest in what I call market "noise" is, IMHO, very, very dangerous to those trying to attain the objectivity and discipline necessary to place stops, gain proper entry, exit consistently based upon exhaustion in the particular issue or the "M" and find the emergence of new leadership (without regard to preconcieved notions such as "oil stocks are ....") from an intermediate to long term bottom. Tom is a great teacher of CANSLI- principles, but I don't think it is fair to be so vocal in a group like this and not be perpetually cautious and mindful of the effect that such everpresent comments have on the CANSLIM player (newbie or not). CANSLIM can, and should be varied to suit the tolerances of each player. I, for one, think that WON's entry point directives are too hard to find, unless you have nothing but time on your hands to trade. That's why I continually work on that point, and with Connie Mack and other's help, I feel relatively comfortable with that aspect of my game. However, when I get into trouble, it's usually because I've ignored, overlooked, or succumb to some "noise" in my head which caused me to violate CANSLIM rules. That's what has always troubled me about Tom's comments, they tend to be so convincing that they become the type of noise that has been so damaging to me, and many other CANSLIM'ers I know in the past. Should his "M" comments be banished? I think not, and have told him so. However, when he perpetually posts such comments, should they not be met with the same suspicion as are often my "M" comments (e.g. Tim Fischer calling my comments about the "M" BS)? I say yes, even to Tim F. That's how we should maintain focus on what brought us here in the first instance. To learn, to clarify, to perfect. If Tom uses some other type of market timing effort to scale in and out of the market, I'd like to think that I can ask him about it and get a thoughtful answer. If there is no thoughful answer, what's wrong with pointing that out, for the benefit of my own trading psyche and for those who would play a more pure form of CANSLIM. When I see him saying that he's going to sell a stock out of fear of the man he calls "Insane", I'm going to point out that it's a "noise" he should exorcise from his head. When Tom says, matter of factly, that WON's distribution signals have not been clear over the past 5 years, I can't imagine why he would not explain such a comment. Can you? Tom, I'll try it again and hope you and I can find a way to coexist. I'm no authority, and neither are you. We are all just trying to learn, make money, have fun and avoid the pitfalls that make this the best game in town. Now, back to the morphine before I offend everyone all over again (if I haven't already). Jeffry - - ------------------------------ Date: Fri, 22 May 1998 14:18:29 PDT From: "Charles Morgan" Subject: [CANSLIM] Market Direction? Everybody, Alot has been said lately about whether the market or the individual stocks should tell you when to sell. My personal feeling is that if you have the experience let the individual stock dictate. If you are inexperienced, let the overall market dictate. It is better to get off the elevator on the way up then on the way down(read that somewhere-HTMMIS). Some stocks will be easier to unload than other stocks, especially if the market is moving downward(not that any stock is really that easy to get rid of in a downdraft and cut your losses at the same time). The reason for the above statement is that a few days ago, seeing the market moving sideways, I could have unloaded my stocks. I didn't sell, made a little money and lost a little money.But eventually, in the last week, all the stocks I own reached my self imposed stop limits and I am at 100% cash. I am waiting for signs of the market to continue its bull move up before entering back into the market. Are there any other members that have been forced into cash because of the markets slant of decliners over advancers? I am trying to gage the breadth of the market based on the holdings of a large group. My mutual funds haven't looked to good the last few days, either :( Chuck ______________________________________________________ Get Your Private, Free Email at http://www.hotmail.com - - ------------------------------ Date: Fri, 22 May 1998 16:42:20 -0500 From: "Joe Scott" Subject: Re: [CANSLIM] Tom and the CANSLIM group goes on, so I don't remember reading about, surgery, morphine, a bad one month vacation? Hope nothing serious, hate those knifes. I'll say it again, I should have been out and stayed out about 6 weeks ago, My account would be in better shape than it is today. I can understand holding a position that is still going your way, but buying failing breakouts isn't helping my overall return. I have certainly violated the "M" in the past few weeks by putting on new positions. With me its almost like I can't sit and watch, I have to be "playing", a childish habit I need to break. One that I intend to get a handle on real soon. Didn't O'Neil say 3 out of 4 stocks follow the market? btw,, Get well soon Jeffry.. don't know a thing joe joe@2fords.net http://www.2fords.net/joe/ - - ------------------------------ Date: Fri, 22 May 1998 18:18:46 -0400 From: Connie Mack Rea Subject: [CANSLIM] Delivery error. Person with following e-mail address was undeliverable: rtwo@povn.net Please repost. Connie Mack - - ------------------------------ Date: Sat, 23 May 1998 01:17:55 +0200 From: Johan Van Houtven Subject: [CANSLIM] Something New In Daily Graphs Online. Thought some of you might be interested in this, so I'm forwarding it to the group. - --- begin of forward --- We want to thank and welcome our subscribers to Daily Graphs Online, and introduce something new to be found under Reports. From time to time, we will be displaying a Market Spotlight Report. Starting this Saturday, May 23rd, look for a list of stocks that will be highlighted based on their performance during the prior week of market activity. When viewing the list, be sure to check the "Click to read more about the Report" option to find out what the selection requirements are. The list of stocks will remain for one week, and we will rotate various reports based on your feedback. Please direct all comments to custserv@dailygraphs.com. Another special announcement: As a result of the recent implementation of FASB Standard #128, "Diluted" Earnings per share, as reported by each company, will be used in all William O'Neil + Co. printed and online services. William O'Neil EPS estimates and EPS rankings will be based on "Diluted" EPS. All algorithms and calculations incorporating EPS, such as EPS Growth rates, etc., may be affected. We also want to invite you to attend a free satellite seminar featuring William J. O'Neil. For information on how to register, please see "Free Seminar" under Transcripts while using Daily Graphs Online. We hope you all are enjoying using our service. Daily Graphs Online - --- end of forward --- The free seminar info is at: http://www.investors.com/seminar.html P.S.: Yes, I know this is free pubilicity for DGO and I will gladly accept any compensation they might think is appropriate... ;^) Johan Van Houtven CLICK! N.V. / Wilrijk, Belgium - - ------------------------------ Date: Fri, 22 May 1998 19:43:43 -0700 From: Robert J Knott Subject: Re: [CANSLIM] Delivery error. Connie Mack Rea wrote: > > Person with following e-mail address was undeliverable: > > rtwo@povn.net > > Please repost. > > Connie Mack > > - rtwo@povn.com sorry for all those posts didn't know they were sent 8( Thanks Bob - - ------------------------------ Date: Fri, 22 May 1998 23:02:08 -0400 From: "bamend" Subject: [CANSLIM] Positive Divergence I have been following the TA posts for some time. Could someone explain to me again what positive and negative diversion means? I can't find the original posts which explained this. Thanks Bob Amend - - ------------------------------ Date: Fri, 22 May 1998 22:30:19 -0600 From: "Kent Horne" Subject: [CANSLIM] Asia For your information, tomorrow's Straits news. kent http://www.asia1.com.sg/biztimes/6/focus11.html - - ------------------------------ Date: Fri, 22 May 1998 22:49:50 -0700 From: Mike Lucero Subject: RE: [CANSLIM] Something New In Daily Graphs Online. The new feature is available now, and this is it's description... Mike Market Spotlight- Stocks Reaching a New High on High Volume. This report features a list of companies that trade on the NYSE, AMEX and NASDAQ that have reached a new 52-week high during the week of May 18th - May 22nd, 1998. The stocks were selected from the Daily Graphs Printed Product Company Index. On the day that the new high was reached, the volume was at least 80% above the 50-day average trading volume. The date displayed next to each stock indicates which day during the 5-day range the new high was recorded. The price, volume % change, relative strength, earnings per share rank and accumulation/distribution rate are updated daily to reflect the prior day close. On Friday, May 22, 1998 4:18 PM, Johan Van Houtven [SMTP:Johan.VanHoutven@ping.be] wrote: > Thought some of you might be interested in this, so I'm forwarding it to > the group. > > --- begin of forward --- > > We want to thank and welcome our subscribers to Daily Graphs Online, and > introduce something new to be found under Reports. From time to time, we > will be displaying a Market Spotlight Report. Starting this Saturday, May > 23rd, look for a list of stocks that will be highlighted based on their > performance during the prior week of market activity. > > When viewing the list, be sure to check the "Click to read more about the > Report" option to find out what the selection requirements are. The list of > stocks will remain for one week, and we will rotate various reports based > on your feedback. Please direct all comments to custserv@dailygraphs.com. > > Another special announcement: As a result of the recent implementation of > FASB Standard #128, "Diluted" Earnings per share, as reported by each > company, will be used in all William O'Neil + Co. printed and online > services. William O'Neil EPS estimates and EPS rankings will be based on > "Diluted" EPS. All algorithms and calculations incorporating EPS, such as > EPS Growth rates, etc., may be affected. > > We also want to invite you to attend a free satellite seminar featuring > William J. O'Neil. For information on how to register, please see "Free > Seminar" under Transcripts while using Daily Graphs Online. > > We hope you all are enjoying using our service. > > Daily Graphs Online > > --- end of forward --- > > The free seminar info is at: > > http://www.investors.com/seminar.html > > P.S.: Yes, I know this is free pubilicity for DGO and I will gladly accept > any compensation they might think is appropriate... ;^) > > > > Johan Van Houtven > CLICK! N.V. / Wilrijk, Belgium > > > > - - ------------------------------ Date: Sat, 23 May 1998 02:04:54 -0400 From: "Richard E. Jenkins" Subject: Re: [CANSLIM] Tom > Date: Fri, 22 May 1998 16:58:23 -0400 > From: Jeffry White <"postwhit@sover.net"@sover.net> > Subject: [CANSLIM] Tom > To: canslim@mail.xmission.com > Reply-to: canslim@lists.xmission.com > > I've said this before, but I'll say it again. With a few exceptions > (for example, I think he's too picky when the "M" move is in full swing) > Tom has the finest grasp of the most fundamental CS criteria for stock > > CANSLIM about the oils. I know of a member of this group who posted a > very thoughtful analysis which was textbook CANSLIM pointing out the > leadership emergence of the oil group in mid-May '97, only to have Tom > gun it down in a very persuasive way with one exception: It was > > Outside of true and pure CANSLI fundamental criteria, what Tom focuses > on, no matter how eloquently stated, interesting (yes, even I find it > perhaps too interesting, at times) is CNBC style noise, IMHO. There are > > To each his own, but what has troubled me and frustrated me (apparently > to the point of abject sarcasm) is that Tom's omnipresence on this > thread is very confusing to many newbies, and many time to me as well > (newbie or no). Many, many have confirmed this to me privately. But > > Tom is a great teacher of CANSLI- principles, but I don't think it is > fair to be so vocal in a group like this and not be perpetually cautious > and mindful of the effect that such everpresent comments have on the > > I say yes, even to Tim F. That's how we should maintain focus on what > brought us here in the first instance. To learn, to clarify, to > perfect. If Tom uses some other type of market timing effort to scale > in and out of the market, I'd like to think that I can ask him about it > and get a thoughtful answer. If there is no thoughful answer, what's > > Tom, I'll try it again and hope you and I can find a way to coexist. > I'm no authority, and neither are you. We are all just trying to learn, > make money, have fun and avoid the pitfalls that make this the best game > in town. > > Now, back to the morphine before I offend everyone all over again (if I > haven't already). > > Jeffry > > I have identified no less than 7 additional negative comments about Tom in your recent msg, proporting to be an apology. You certainly have offended me, again. - - ------------------------------ Date: Sat, 23 May 1998 09:46:44 EDT From: Ssingh Subject: Re: [CANSLIM] Tom People come and leave this and so many other lists for whatever reasons. Tom's postings were liked by many on this list and natually they will miss him. The list will continue so long the owner wants and there is at least one subscriber. Some new person will come fill the vacant created by Toms departure. Life goes on people come and go. No body is perfect including Tom and even I pissed him a few times in the past. He can still read all these posts by going to www site or any one of his well wishers can forward all the stuff to him. I hope he will realise that his posts were liked by so many on this list. He still reads and posts on misc.invest stocks, I think. I liked his postings and wish him good luck I hope Jeff you will recover fast and wish you great luck. Surindra - - ------------------------------ Date: Sat, 23 May 1998 10:32:28 -0400 From: "Frank V. Wolynski" Subject: [CANSLIM] Unknown Ticker Symbol Gosh, so many messages with the Subject Tom, I thought there was a heck of a breakout I was missing with my stock searches! I figured Tommy Hilfiger (NYSE: TOM) must have had one gigantic earnings report! Yahoo had nothing, no searches turned up anything. Seriously though, Tom was a valued contributor to the list. He knew this. He was told so very often. He choose to (leave, abandon, quit,) after being (confronted, questioned, grilled) about a statement he made. That is one of the options in a confrontation, exit stage right! If he elects to return, so be it. He will be welcomed back I'm sure. He has much knowledge we can all benefit from if he chooses to share. He doesn't. I for one was interested in the answer, because my instrument readouts seemed to be in contradiction to the statements he was making. As an experienced market savvy "stkguru" he could have enlightened me as to his observations, or I in exchange could have helped him in some way. We will do neither at this point, the (teacher, student, observer) left the arena! I admired his ability to focus on the stock instead of the market, I considered it extreme and I did not have that ability, but I thought through discourse and further reading I could gain some balance. I choose to share what modest knowledge I gain. I'm glad Connie Mack, Jeffery, DS, Kent Horne, Mike Lucero, Tim Fisher, Joe Scott, Patrick Wahl, Johan Van Houtven and many others are generous with their thoughts as well. I like the picks, posts and discourse. I like the lessons taught by the spices of life. The roller coaster versus the Merry-Go-Round. I like the varying opinions and hard questions. I think if I ever find myself having difficulty answering a question, I had better examine my opinion once again. Frank Wolynski (Often wrong, plan accordingly!) - - ------------------------------ Date: Sat, 23 May 1998 11:52:50 -0600 From: "Kent Horne" Subject: [CANSLIM] Using the Net to Check Out Stocks The variety of individual opinions, choices, and analysis are what makes this group enjoyable. If there were a single best way to select investments, or a single best way to place those investments once selected, there would be no market -- we would at last all be equals. Then, with each and every individual doing exactly the same things, we would not need language, travel, or any other component of communication. We would all be clones of whichever person had become the perfect model. I enjoy life, and I enjoy individual differences, and I have enjoyed attempting to come up to speed enough reading this group's communications to be a more organized investor. I did notice Tom's input stated his own opinion and analysis, and I did notice when he wanted help or advice he asked. When someone gave advice (requested or not) he did not seem to need to attack that individual. I also noticed that Tom did not need to "get the last shot in", that he did not make demands of others (other than the logical and necessary hold me harmless for your own decisions statements), and his comments and opinions seemed very focused on equities and markets. I not only found no value in the attacks on Tom, I also found myself not reading much of the sad little input from the attacking individual. Hidden therein is the loss of information of a specific nature from one individual who focused on attacking another rather than just stating the simple elements of the facts relating to investment analysis and decisions being made. The pathology of the attacks on Tom were interesting, and I could not help but wonder what the underlying needs of that person were. The best form of education is information, analysis, synthesis, and then evaluation. Most individuals can recall the differences between teachers of years past; those who were positive and reinforcing, and those who could twist, turn, attack, and ridicule often -- while attempting to demonstrate to the world that they had superiority because they knew both the questions and the answers. Those failed teachers were not mentors -- because they believed that they alone held both the secret questions and the secret answers; they saw themselves as special. Only one individual in this group has been on a continued harangue against another member. I find there are many better things in the current market to harangue against than to harangue another member stating his or her own opinion and analysis. If CANSLIM were absolute, WON may not have published it -- he could just own the entire market. I appreciate CANSLIM, and I attempt to learn and follow it with a portfolio, but it is not life complete. I have attached a url as an example of a simple and enjoyable journey through the stock search and evaluation process by one individual. Many members of this group have made great contributions to my ever increasing information overload, and have also helped me filter out sites of lesser or no value. I realize this is an elementary story; but the needs of the individual search process, the sorting process, and the desire to learn and improve investing skills are foremost in the writing. I suppose the author could have stopped along the way and critized individuals, costing both the author and the reader value of knowledge and time. http://moneyinsider.msn.com/home.asp?page=mt03 Copy to Tom. I hope you return without comment to the events of the past week. If and when you do, and when you ignore personalized attacks this group will understand and consider the pathology of the source to be the problem. I do not always agree with your opinion but I appreciate your knowledge, skills, and abilities. Thanks for all your help. I vote for contunued input, specific disagreement on individual selections, and keeping off the back of individuals because of their uniqueness in the stock selection process. I vote extra votes for all the support information, methodology data and proceedures, and web site selections so many of you provide. And, I vote for a reasonable price on DGO. Thanks for the bandwidth everyone. Kent - - ------------------------------ Date: Sat, 23 May 1998 17:04:57 -0400 From: Subject: [CANSLIM] TOM Dear members, I introduced myself to the group quite some time ago and sent a posting or two at the beginning, but I have been lurking for about a year. I have not contributed for various reasons, but, to be perfectly honest, mostly because I haven't felt that I have had anything to contribute. I read the digest version faithfully and I have seen a lot in the past year, on which I have chosen not to comment, mainly because I don't see the point. I have to admit that I have felt the urge to express myself many times in the past year, but I got over it. It seems to me that some of the dialogue is petty and immature. And as much as I feel those same petty, immature thoughts, I choose to keep them to myself, not because I am better than anyone else, but because I just get tired of seeing this stuff, I assume that most of you do too, and so I choose to not contribute my two cents to it. This thing between Tom and Jeffrey, though, has moved me to comment. First, I share all of the positive opinions of Tom that other posters have expressed this week. I won't bother you repeating them; just be assured that I share them. I also happen to have one or two opinions about Tom that are not so positive. The opinions are inconsequential things not even worth mentioning. Besides, who's perfect. Certainly not I or anyone else I know. The only reason I even mention that I have these non-positive opinions is so that I don't seem to idealize Tom. He doesn't need to be idealized. He is fine just as he is, warts and all. As to Jeffrey, I have not formed any opinion of him at all. There hasn't been enough information based on his postings, in my opinion, to form an opinion. As for the tone of his recent postings, I can see that they could be interpreted negatively, but I personally didn't see them as THAT bad. As I do for all of you, I try to avoid taking negative views. Having set up the perspective I am coming from, I wish to ask a question. First, I have learned a lot reading Tom's opinions on a variety of issues. Second, I have observed his spats with several people, most notably James/Brenda and, now, Jeffrey. Finally, I have also read many postings extolling Tom's virtues. The praise flowing in Tom's direction has been extraordinary and, need I say, deserved. My question is this: Tom, why are you letting one individual drive you from this discussion group? I ask you to look deep inside of yourself and to reflect on what it is that is driving you to respond in this way. Is your psyche so fragile that the criticism that you perceive coming from this one individual is more important to you than the extraordinarily greater amount of positive feedback you receive from a much larger number of people? I, for one, will not, as one person has suggested, beg you to return. It's a choice you have to make. If you choose not to return, the people in this group will miss you, but they will survive, either in this discussion group or elsewhere. If you do return, I do beg you to ignore people who rub you the wrong way just as others have ignored some really rather difficult comments directed their way from various people. Either way, please consider the question I have proposed to you. And good luck whatever you decide. Sincerely, Valere R. Buyle (vRb) - - ------------------------------ End of canslim-digest V2 #250 ***************************** To unsubscribe to canslim-digest, send an email to "majordomo@xmission.com" with "unsubscribe canslim-digest" in the body of the message. For information on digests or retrieving files and old messages send "help" to the same address. Do not use quotes in your message.