From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #3179 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 Saturday, February 22 2003 Volume 02 : Number 3179 In this issue: Re: [CANSLIM] POSS RE: [CANSLIM] POSS ---------------------------------------------------------------------- Date: Sat, 22 Feb 2003 12:59:15 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] POSS This is a multi-part message in MIME format. - ------=_NextPart_000_0112_01C2DA72.3448FA40 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable MessageI won't be convinced that "M" has turned bullish until I see some = major differences in the index charts. I also suspect that will not = happen until the index charts quit modeling each other to the point that = you have to look at the scale, or the title, to be sure which one you = are viewing. "M" will keep poking its nose out of the cave and sniffing the air, = until finally it decides that spring has arrived and stay out for good. = That's when you better be ready, or you could easily miss the first leg = up. This is a good time to practice, study, research, and set up / = maintain watch lists to see how they behave. That behavior may be the = best and earliest clue to what "M" is actually doing. - ----- Original Message -----=20 From: david frank=20 To: canslim@lists.xmission.com=20 Sent: Saturday, February 22, 2003 12:45 PM Subject: Re: [CANSLIM] POSS Tom, I wasn't looking for "recommendations", just facts. And I really = appreciate your personal opinion, which was based on my statements. I = have always noticed that your after-"recommendations" are rather = different than CANSLIM standards. If you don't want to do the stock = thing, you can tell us when "M" is "M". You know it could be next = week-right? maybe, for the 16th time. Dave ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Saturday, February 22, 2003 11:21 AM Subject: Re: [CANSLIM] POSS sorry David, but my contributions here stick strictly to mainstream = CANSLIM. I work for a broker dealer again, that means that my activity = is subject to scrutiny by the NASD and SEC. I don't post anything that = can be taken as a "recommendation", if I did it would only be to clients = paying for my services, and where I had the KYC (Know Your Customer) = knowledge to be sure my comments, recommendations, etc. were appropriate = and suitable for that client's particular financial condition, risk = tolerance, investment goals, etc. If I ever manage to make the right connection, and find a job as a = small cap growth fund manager, I will be glad to tell you what fund I = would be running, and you could "participate" that way if you so choose. I do disclose in my weekly WWW column what stocks make that list where = I have an interest. By no means does that show my total market interest, = nor give insight into when or where I took that interest. But that list = is constructed completely differently than my own personal buy or watch = lists. And I am not here to lecture, I expressed my personal opinion, you = don't have to agree with it, and are just as free to click on the Delete = key as to read my posts. ----- Original Message -----=20 From: david frank=20 To: canslim@lists.xmission.com=20 Sent: Saturday, February 22, 2003 12:11 PM Subject: Re: [CANSLIM] POSS Tom and Fred, Thank you for the standard CANSLIM lectures. To make = things more interesting, for us that sweep floors for a living, why = don't you tell us when "M" is "M". And, also, tell us which stock you = are buying, what price you are paying, your stop, and where you will = take profits. Then you are putting your money and words where your mouth = is, wont cost you a dime, plus it will make an interesting read here, = and I promise I will not front run you. Thank you very much. Dave ----- Original Message -----=20 From: Fred Richards=20 To: canslim@lists.xmission.com=20 Sent: Saturday, February 22, 2003 5:34 AM Subject: RE: [CANSLIM] POSS Excellent . . . we must be on the same wave length. The only thing = I would add to all those who think CANSLIM is not appropriate for bear = markets is that it still identifies companies which beat the market, = e.g., TSCO, AEM, GG, GFI, and MSN last year. Compared to all the other = investors who don't follow CANSLIM, it has maintained the value of the = investors portfolio by keeping you in cash probably as well as any = system out there. =20 While not great, our CANSLIM portfolio did show profits in each of = the last three years. Compared to the show of hands in most investors = group, that puts CANSLIM investors in a small minority. Can't be all = bad! -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com] On Behalf Of Tom Worley Sent: Friday, February 21, 2003 9:38 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] POSS David, I have seen nothing in the markets over the past several years of = a protracted bear market that would require a change in the concept, = philosophy, or general rules of CANSLIM. As I perceive CANSLIM, it is a = system / style / method / philosophy designed for investors, especially = ones with mid to long term horizons. It certainly is not designed nor = intended for short term / day trading. Many in this group have expressed = the opinion that "M" is the single most important letter of the seven, I = happen to completely agree with that, especially for less experienced = investors / CANSLIMers. That is doubly true if their risk tolerance is = average or lower. Money can and has been made, strictly on the long side, no = options, no shorting, during the past several years by following one's = own interpretation of CANSLIM. Without any argument, however, that meant = taking greater risk, generally required more experience both with = investing in general and CANSLIM in particular, and was certainly for me = far greater work with less reward. "M" has been telling us to stay in = cash, and that is what most have done, judging by the daily volume, as = well as the amount of posting in this group. It has been at least 2 years since market conditions favored the = CANSLIM style of investing, even more years since long term investors = were handsomely rewarded for their patience and trust in a company. = During that time we have had lots of reasons additionally to remain in = cash, including the dot com bubble bursting, direct act of terrorism = against the United States, recession, weak recovering economy, upcoming = war with Iraq, threats by N. Korea, Japan in a major recession and with = their financial infrastructure on a continual edge of total collapse, = and not to ever be forgotten corporate governance issues including = fraud, deceit, loss of trust, personal executive greed, etc. If you think about it, that's actually a lot for any market to = simply survive in just a few years. It's amazing to me that there is = still anyone left (besides me, that is) that will even still stick a few = bucks in the market and take a chance. CANSLIM will again have its heyday, when "M" says its time, and = this bear market finally retreats back into its cave for an extended = hibernation. Until then, it will be CANSLIM hibernating, coming out = occasionally to see if the weather has begun to thaw the ice, and going = back into the cave if the answer is still no. The big lesson of CANSLIM = is to preserve your capital so you survive to see better days. There's = nothing "sick" about the system, it's doing exactly what it is designed = and intended to do, preserve your capital until "M" favors the = investors. ----- Original Message -----=20 From: david frank=20 To: canslim@lists.xmission.com=20 Sent: Friday, February 21, 2003 6:01 PM Subject: Re: [CANSLIM] POSS Seems to me CANSLIM has come out of hibernation approximately 15 = times in the past 3 years and got shot back in it's hole each time, = thereby, making it a sick system. that is why I said it is pretty well = dead. Even your personal target is not within CANSLIM guide-lines. Dave From: Chazmoore@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Friday, February 21, 2003 4:48 PM Subject: Re: [CANSLIM] POSS By definition, CANSLIM is bull market investment method. If you = follow CANSLIM to the letter you should be out of the market and in cash = or fixed income. CANSLIM is not dead, it is in hibernation until the = market improves. When will that be? My personal target is when the S&P = 500 crosses the 200 DMA with vigor.=20 Charley - ------=_NextPart_000_0112_01C2DA72.3448FA40 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Message
I won't be convinced that "M" has turned bullish = until I=20 see some major differences in the index charts. I also suspect that will = not=20 happen until the index charts quit modeling each other to the point that = you=20 have to look at the scale, or the title, to be sure which one you are=20 viewing.
 
"M" will keep poking its nose out of the cave = and sniffing=20 the air, until finally it decides that spring has arrived and stay out = for good.=20 That's when you better be ready, or you could easily miss the first leg = up. This=20 is a good time to practice, study, research, and set up / maintain watch = lists=20 to see how they behave. That behavior may be the best and earliest clue = to what=20 "M" is actually doing.
 
----- Original Message -----=20
From: david=20 frank
To: canslim@lists.xmission.com=
Sent: Saturday, February 22, 2003 12:45 PM
Subject: Re: [CANSLIM] POSS

Tom, I wasn't looking for = "recommendations", just=20 facts. And I really appreciate your personal opinion, which was based on = my=20 statements. I have always noticed that your after-"recommendations" = are=20 rather different than CANSLIM standards. If you don't want to do = the stock=20 thing, you can tell us when "M" is "M". You know it could be next = week-right?=20 maybe, for the 16th time. Dave
----- Original Message -----
From:=20 Tom=20 Worley
To: canslim@lists.xmission.com=
Sent: Saturday, February 22, = 2003 11:21=20 AM
Subject: Re: [CANSLIM] = POSS

sorry David, but my contributions here stick = strictly to=20 mainstream CANSLIM. I work for a broker dealer again, that means that = my=20 activity is subject to scrutiny by the NASD and SEC. I don't post = anything=20 that can be taken as a "recommendation", if I did it would only be to = clients=20 paying for my services, and where I had the KYC (Know Your Customer) = knowledge=20 to be sure my comments, recommendations, etc. were appropriate and = suitable=20 for that client's particular financial condition, risk tolerance, = investment=20 goals, etc.
 
If I ever manage to make the right connection, = and find=20 a job as a small cap growth fund manager, I will be glad to tell you = what fund=20 I would be running, and you could "participate" that way if you so=20 choose.
 
I do disclose in my weekly WWW column what = stocks make=20 that list where I have an interest. By no means does that show my = total market=20 interest, nor give insight into when or where I took that interest. = But that=20 list is constructed completely differently than my own personal buy or = watch=20 lists.
 
And I am not here to lecture, I expressed my = personal=20 opinion, you don't have to agree with it, and are just as free to = click on the=20 Delete key as to read my posts.
 
----- Original Message -----=20
From: david=20 frank
To: canslim@lists.xmission.com=
Sent: Saturday, February 22, 2003 12:11 PM
Subject: Re: [CANSLIM] POSS

Tom and Fred, Thank you for the = standard CANSLIM=20 lectures. To make things more interesting, for us that sweep floors = for a=20 living, why don't you tell us when "M" is "M". And, also, = tell us=20 which stock you are buying, what price you are paying, your stop, = and where you will take profits. Then you are putting your money = and=20 words where your mouth is, wont cost you a dime, plus it will = make an=20 interesting read here, and I promise I will not front run you. Thank = you very=20 much. Dave
----- Original Message -----
From:=20 Fred=20 Richards
Sent: Saturday, February 22, = 2003 5:34=20 AM
Subject: RE: [CANSLIM] = POSS

Excellent . . . we must be on the same wave length.  = The only=20 thing I would add to all those who think CANSLIM is not appropriate = for bear=20 markets is that it still identifies companies which beat the market, = e.g.,=20 TSCO, AEM, GG, GFI, and MSN last year.  Compared to all = the other=20 investors who don't follow CANSLIM, it has maintained the value of = the=20 investors portfolio by keeping you in cash probably as well as any = system=20 out there. 
 
While not great, our CANSLIM portfolio did show profits in = each of=20 the last three years.  Compared to the show of hands in most = investors=20 group, that puts CANSLIM investors in a small minority.  Can't = be all=20 bad!
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]=20 On Behalf Of Tom Worley
Sent: Friday, February = 21, 2003=20 9:38 PM
To: = canslim@lists.xmission.com
Subject: Re:=20 [CANSLIM] POSS

David,
 
I have seen nothing in the markets over = the past=20 several years of a protracted bear market that would require a = change in=20 the concept, philosophy, or general rules of CANSLIM. As I = perceive=20 CANSLIM, it is a system / style / method / philosophy designed for = investors, especially ones with mid to long term horizons. It = certainly is=20 not designed nor intended for short term / day trading. Many in = this group=20 have expressed the opinion that "M" is the single most important = letter of=20 the seven, I happen to completely agree with that, especially for = less=20 experienced investors / CANSLIMers. That is doubly true if their = risk=20 tolerance is average or lower.
 
Money can and has been made, strictly on = the long=20 side, no options, no shorting, during the past several years by = following=20 one's own interpretation of CANSLIM. Without any argument, = however, that=20 meant taking greater risk, generally required more experience both = with=20 investing in general and CANSLIM in particular, and was certainly = for me=20 far greater work with less reward. "M" has been telling us to stay = in=20 cash, and that is what most have done, judging by the daily = volume, as=20 well as the amount of posting in this group.
 
It has been at least 2 years since market = conditions=20 favored the CANSLIM style of investing, even more years since long = term=20 investors were handsomely rewarded for their patience and trust in = a=20 company. During that time we have had lots of reasons additionally = to=20 remain in cash, including the dot com bubble bursting, direct act = of=20 terrorism against the United States, recession, weak recovering = economy,=20 upcoming war with Iraq, threats by N. Korea, Japan in a major = recession=20 and with their financial infrastructure on a continual edge of = total=20 collapse, and not to ever be forgotten corporate governance issues = including fraud, deceit, loss of trust, personal executive greed,=20 etc.
 
If you think about it, that's actually a = lot for any=20 market to simply survive in just a few years. It's amazing to me = that=20 there is still anyone left (besides me, that is) that will even = still=20 stick a few bucks in the market and take a chance.
 
CANSLIM will again have its heyday, when = "M" says=20 its time, and this bear market finally retreats back into its cave = for an=20 extended hibernation. Until then, it will be CANSLIM hibernating, = coming=20 out occasionally to see if the weather has begun to thaw the ice, = and=20 going back into the cave if the answer is still no. The big lesson = of=20 CANSLIM is to preserve your capital so you survive to see better = days.=20 There's nothing "sick" about the system, it's doing exactly what = it is=20 designed and intended to do, preserve your capital until "M" = favors the=20 investors.
 
----- Original Message -----=20
From: = david frank
Sent: Friday, February 21, 2003 6:01 PM
Subject: Re: [CANSLIM] POSS

Seems to me CANSLIM has come out = of=20 hibernation approximately 15 times in the past 3 years and got = shot back=20 in it's hole each time, thereby, making it a sick system. that is = why I=20 said it is pretty well dead. Even your personal target is not = within=20 CANSLIM guide-lines.  Dave
From:=20 Chazmoore@aol.com
To: canslim@lists.xmission.com= =20
Sent: Friday, February = 21, 2003=20 4:48 PM
Subject: Re: [CANSLIM] = POSS

By = definition,=20 CANSLIM is bull market investment method. If you follow CANSLIM = to the=20 letter you should be out of the market and in cash or fixed = income.=20 CANSLIM is not dead, it is in hibernation until the market = improves.=20 When will that be? My personal target is when the S&P 500 = crosses=20 the 200 DMA with vigor.
Charley=20 =
= - ------=_NextPart_000_0112_01C2DA72.3448FA40-- - - - -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: Sat, 22 Feb 2003 12:30:11 -0600 From: "Fred Richards" Subject: RE: [CANSLIM] POSS This is a multi-part message in MIME format. - ------=_NextPart_000_006E_01C2DA6E.27719C90 Content-Type: text/plain; charset="us-ascii" Content-Transfer-Encoding: 7bit Second those thoughts! - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Tom Worley Sent: Saturday, February 22, 2003 11:21 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] POSS sorry David, but my contributions here stick strictly to mainstream CANSLIM. I work for a broker dealer again, that means that my activity is subject to scrutiny by the NASD and SEC. I don't post anything that can be taken as a "recommendation", if I did it would only be to clients paying for my services, and where I had the KYC (Know Your Customer) knowledge to be sure my comments, recommendations, etc. were appropriate and suitable for that client's particular financial condition, risk tolerance, investment goals, etc. If I ever manage to make the right connection, and find a job as a small cap growth fund manager, I will be glad to tell you what fund I would be running, and you could "participate" that way if you so choose. I do disclose in my weekly WWW column what stocks make that list where I have an interest. By no means does that show my total market interest, nor give insight into when or where I took that interest. But that list is constructed completely differently than my own personal buy or watch lists. And I am not here to lecture, I expressed my personal opinion, you don't have to agree with it, and are just as free to click on the Delete key as to read my posts. - ----- Original Message ----- From: david frank To: canslim@lists.xmission.com Sent: Saturday, February 22, 2003 12:11 PM Subject: Re: [CANSLIM] POSS Tom and Fred, Thank you for the standard CANSLIM lectures. To make things more interesting, for us that sweep floors for a living, why don't you tell us when "M" is "M". And, also, tell us which stock you are buying, what price you are paying, your stop, and where you will take profits. Then you are putting your money and words where your mouth is, wont cost you a dime, plus it will make an interesting read here, and I promise I will not front run you. Thank you very much. Dave - ----- Original Message ----- From: Fred Richards To: canslim@lists.xmission.com Sent: Saturday, February 22, 2003 5:34 AM Subject: RE: [CANSLIM] POSS Excellent . . . we must be on the same wave length. The only thing I would add to all those who think CANSLIM is not appropriate for bear markets is that it still identifies companies which beat the market, e.g., TSCO, AEM, GG, GFI, and MSN last year. Compared to all the other investors who don't follow CANSLIM, it has maintained the value of the investors portfolio by keeping you in cash probably as well as any system out there. While not great, our CANSLIM portfolio did show profits in each of the last three years. Compared to the show of hands in most investors group, that puts CANSLIM investors in a small minority. Can't be all bad! - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Tom Worley Sent: Friday, February 21, 2003 9:38 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] POSS David, I have seen nothing in the markets over the past several years of a protracted bear market that would require a change in the concept, philosophy, or general rules of CANSLIM. As I perceive CANSLIM, it is a system / style / method / philosophy designed for investors, especially ones with mid to long term horizons. It certainly is not designed nor intended for short term / day trading. Many in this group have expressed the opinion that "M" is the single most important letter of the seven, I happen to completely agree with that, especially for less experienced investors / CANSLIMers. That is doubly true if their risk tolerance is average or lower. Money can and has been made, strictly on the long side, no options, no shorting, during the past several years by following one's own interpretation of CANSLIM. Without any argument, however, that meant taking greater risk, generally required more experience both with investing in general and CANSLIM in particular, and was certainly for me far greater work with less reward. "M" has been telling us to stay in cash, and that is what most have done, judging by the daily volume, as well as the amount of posting in this group. It has been at least 2 years since market conditions favored the CANSLIM style of investing, even more years since long term investors were handsomely rewarded for their patience and trust in a company. During that time we have had lots of reasons additionally to remain in cash, including the dot com bubble bursting, direct act of terrorism against the United States, recession, weak recovering economy, upcoming war with Iraq, threats by N. Korea, Japan in a major recession and with their financial infrastructure on a continual edge of total collapse, and not to ever be forgotten corporate governance issues including fraud, deceit, loss of trust, personal executive greed, etc. If you think about it, that's actually a lot for any market to simply survive in just a few years. It's amazing to me that there is still anyone left (besides me, that is) that will even still stick a few bucks in the market and take a chance. CANSLIM will again have its heyday, when "M" says its time, and this bear market finally retreats back into its cave for an extended hibernation. Until then, it will be CANSLIM hibernating, coming out occasionally to see if the weather has begun to thaw the ice, and going back into the cave if the answer is still no. The big lesson of CANSLIM is to preserve your capital so you survive to see better days. There's nothing "sick" about the system, it's doing exactly what it is designed and intended to do, preserve your capital until "M" favors the investors. - ----- Original Message ----- From: david frank To: canslim@lists.xmission.com Sent: Friday, February 21, 2003 6:01 PM Subject: Re: [CANSLIM] POSS Seems to me CANSLIM has come out of hibernation approximately 15 times in the past 3 years and got shot back in it's hole each time, thereby, making it a sick system. that is why I said it is pretty well dead. Even your personal target is not within CANSLIM guide-lines. Dave From: Chazmoore@aol.com To: canslim@lists.xmission.com Sent: Friday, February 21, 2003 4:48 PM Subject: Re: [CANSLIM] POSS By definition, CANSLIM is bull market investment method. If you follow CANSLIM to the letter you should be out of the market and in cash or fixed income. CANSLIM is not dead, it is in hibernation until the market improves. When will that be? My personal target is when the S&P 500 crosses the 200 DMA with vigor. Charley - ------=_NextPart_000_006E_01C2DA6E.27719C90 Content-Type: text/html; charset="us-ascii" Content-Transfer-Encoding: quoted-printable Message
Second=20 those thoughts!
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]=20 On Behalf Of Tom Worley
Sent: Saturday, February 22, = 2003=20 11:21 AM
To: canslim@lists.xmission.com
Subject: = Re:=20 [CANSLIM] POSS

sorry David, but my contributions here stick = strictly to=20 mainstream CANSLIM. I work for a broker dealer again, that means that = my=20 activity is subject to scrutiny by the NASD and SEC. I don't post = anything=20 that can be taken as a "recommendation", if I did it would only be to = clients=20 paying for my services, and where I had the KYC (Know Your Customer) = knowledge=20 to be sure my comments, recommendations, etc. were appropriate and = suitable=20 for that client's particular financial condition, risk tolerance, = investment=20 goals, etc.
 
If I ever manage to make the right connection, = and find=20 a job as a small cap growth fund manager, I will be glad to tell you = what fund=20 I would be running, and you could "participate" that way if you so=20 choose.
 
I do disclose in my weekly WWW column what = stocks make=20 that list where I have an interest. By no means does that show my = total market=20 interest, nor give insight into when or where I took that interest. = But that=20 list is constructed completely differently than my own personal buy or = watch=20 lists.
 
And I am not here to lecture, I expressed my = personal=20 opinion, you don't have to agree with it, and are just as free to = click on the=20 Delete key as to read my posts.
 
----- Original Message -----=20
From: david=20 frank
Sent: Saturday, February 22, 2003 12:11 PM
Subject: Re: [CANSLIM] POSS

Tom and Fred, Thank you for the = standard CANSLIM=20 lectures. To make things more interesting, for us that sweep floors = for a=20 living, why don't you tell us when "M" is "M". And, also, = tell us=20 which stock you are buying, what price you are paying, your stop, = and where you will take profits. Then you are putting your money = and=20 words where your mouth is, wont cost you a dime, plus it will = make an=20 interesting read here, and I promise I will not front run you. Thank = you very=20 much. Dave
----- Original Message -----
From:=20 Fred=20 Richards
Sent: Saturday, February 22, = 2003 5:34=20 AM
Subject: RE: [CANSLIM] = POSS

Excellent . . . we must be on the same wave length.  = The only=20 thing I would add to all those who think CANSLIM is not appropriate = for bear=20 markets is that it still identifies companies which beat the market, = e.g.,=20 TSCO, AEM, GG, GFI, and MSN last year.  Compared to all = the other=20 investors who don't follow CANSLIM, it has maintained the value of = the=20 investors portfolio by keeping you in cash probably as well as any = system=20 out there. 
 
While not great, our CANSLIM portfolio did show profits in = each of=20 the last three years.  Compared to the show of hands in most = investors=20 group, that puts CANSLIM investors in a small minority.  Can't = be all=20 bad!
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]=20 On Behalf Of Tom Worley
Sent: Friday, February = 21, 2003=20 9:38 PM
To: = canslim@lists.xmission.com
Subject: Re:=20 [CANSLIM] POSS

David,
 
I have seen nothing in the markets over = the past=20 several years of a protracted bear market that would require a = change in=20 the concept, philosophy, or general rules of CANSLIM. As I = perceive=20 CANSLIM, it is a system / style / method / philosophy designed for = investors, especially ones with mid to long term horizons. It = certainly is=20 not designed nor intended for short term / day trading. Many in = this group=20 have expressed the opinion that "M" is the single most important = letter of=20 the seven, I happen to completely agree with that, especially for = less=20 experienced investors / CANSLIMers. That is doubly true if their = risk=20 tolerance is average or lower.
 
Money can and has been made, strictly on = the long=20 side, no options, no shorting, during the past several years by = following=20 one's own interpretation of CANSLIM. Without any argument, = however, that=20 meant taking greater risk, generally required more experience both = with=20 investing in general and CANSLIM in particular, and was certainly = for me=20 far greater work with less reward. "M" has been telling us to stay = in=20 cash, and that is what most have done, judging by the daily = volume, as=20 well as the amount of posting in this group.
 
It has been at least 2 years since market = conditions=20 favored the CANSLIM style of investing, even more years since long = term=20 investors were handsomely rewarded for their patience and trust in = a=20 company. During that time we have had lots of reasons additionally = to=20 remain in cash, including the dot com bubble bursting, direct act = of=20 terrorism against the United States, recession, weak recovering = economy,=20 upcoming war with Iraq, threats by N. Korea, Japan in a major = recession=20 and with their financial infrastructure on a continual edge of = total=20 collapse, and not to ever be forgotten corporate governance issues = including fraud, deceit, loss of trust, personal executive greed,=20 etc.
 
If you think about it, that's actually a = lot for any=20 market to simply survive in just a few years. It's amazing to me = that=20 there is still anyone left (besides me, that is) that will even = still=20 stick a few bucks in the market and take a chance.
 
CANSLIM will again have its heyday, when = "M" says=20 its time, and this bear market finally retreats back into its cave = for an=20 extended hibernation. Until then, it will be CANSLIM hibernating, = coming=20 out occasionally to see if the weather has begun to thaw the ice, = and=20 going back into the cave if the answer is still no. The big lesson = of=20 CANSLIM is to preserve your capital so you survive to see better = days.=20 There's nothing "sick" about the system, it's doing exactly what = it is=20 designed and intended to do, preserve your capital until "M" = favors the=20 investors.
 
----- Original Message -----=20
From: = david frank
Sent: Friday, February 21, 2003 6:01 PM
Subject: Re: [CANSLIM] POSS

Seems to me CANSLIM has come out = of=20 hibernation approximately 15 times in the past 3 years and got = shot back=20 in it's hole each time, thereby, making it a sick system. that is = why I=20 said it is pretty well dead. Even your personal target is not = within=20 CANSLIM guide-lines.  Dave
From:=20 Chazmoore@aol.com
To: canslim@lists.xmission.com= =20
Sent: Friday, February = 21, 2003=20 4:48 PM
Subject: Re: [CANSLIM] = POSS

By = definition,=20 CANSLIM is bull market investment method. If you follow CANSLIM = to the=20 letter you should be out of the market and in cash or fixed = income.=20 CANSLIM is not dead, it is in hibernation until the market = improves.=20 When will that be? My personal target is when the S&P 500 = crosses=20 the 200 DMA with vigor.
Charley=20 =
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