From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #3439 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 Tuesday, July 22 2003 Volume 02 : Number 3439 In this issue: Re: [CANSLIM] *** OFF TOPIC *** Anti CANSLIM ** Hit Delete Re: [CANSLIM] *** OFF TOPIC *** Anti CANSLIM ** Hit Delete ---------------------------------------------------------------------- Date: Tue, 22 Jul 2003 19:26:07 -0400 From: "Jonathan Lobatto" Subject: Re: [CANSLIM] *** OFF TOPIC *** Anti CANSLIM ** Hit Delete This is a multi-part message in MIME format. - ------=_NextPart_000_0029_01C35087.19AED0C0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Gene....an interesting post. At the risk of sliding even further into a = non-Canslim discussion, is there a VV user out there that can explain or = define the VV "relative safety" and "relative timing" features. How does = "relative timing" differ from RS? Thanks. Jon - ---------------------------------------------------- This mailbox protected from junk email by Matador from MailFrontier, Inc. http://info.mailfrontier.com ----- Original Message -----=20 From: Gene Ricci=20 To: canslim@lists.xmission.com=20 Sent: Tuesday, July 22, 2003 7:11 PM Subject: [CANSLIM] *** OFF TOPIC *** Anti CANSLIM ** Hit Delete A couple of days ago someone asked about VectorVest and CANSLIM. = Here's a person that thinks using VV is better than looking for CS = candidates. I removed his name. The following was posted on one of the = VectorVest Yahoo Groups this morning (by long time VV user).=20 Gene Anti CANSLIM =20 Much has been written about William O'Neil's stock selection and = market timing. Glowing reports of great results and performances = overshadow the errors in the system that prevent people from being = successful investors. Here's my opinion of the Hollywood Huckster's = system. =20 1) William O'Neil has only one system of strategy - buying stocks = on breakouts. Some people claim that this is the holy grail, but others = have found that they're buying at the top of the stock, not the bottom = of a great beginning. My personal experience has been that after I buy = at a pivot point, the stock then plunges at least 20% so I have to dump = the stock and wait until my account is sufficient to buy with. I have = destroyed my account totally at least three times since beginning with = the system. I used CANSLIM from 1988 to 1998, and had only one good = year, 1991, when I matched the S&P. All other years I lost money. On = the contrary, VectorVest has an unlimited number of strategies that can = be implemented. =20 2) William O'Neil has no idea as to when to sell a stock. In the = book, How to Make Money in Stocks, he outlines 30 potential sell points. = What I gather is that HE DOESN'T KNOW!! =20 =20 3) William O'Neil suggest that one should buy stocks only priced = above 12 or 15 dollars a share. Sorry, fella, but penny stock = strategies are sound, as Zach's Zoomers has been a great success. =20 4) William O'Neil says you need to buy low cap stocks. What this = means is that you buy stocks with 1 million float or so. This is more = dangerous than ever, as the slightest activity of selling can sent the = stock crashing. =20 5) In Investor's Business Daily, you can find nothing that = matches VectorVest's Relative Safety feature. Basically, IBD's highly = touted stocks are a piece of trash that made it to the top rankings by = earnings increase alone. =20 6) The Relative Strength and Earnings Per Share rankings are of = no use when trying to find quality stocks. VectorVest's Relative Timing = is far superior as it gives an accurate picture of what the stock is = doing in recent performance. IBD's ranking implies there are a certain = number of stocks at 99, the same at 98 etc. Since the ranking is = relative, you can't tell if the market is going under accumulation or = distribution. =20 7) Chart formation analysis is the bastion of IBD's system. = However, you take a look at some of the formations and you will swear = there is no rhyme or reason to buying the kind of stocks he suggests. = Chart formations are not automatic and do not guarantee results. The = cup and handle formation is not a trip to financial freedom as WON = suggests. 8) William O'Neil has no safe strategy with his system. = Basically, if you want to buy quality large cap stocks, you're out of = luck. WON ran a mutual fund in the 1960's, and he was first one year = then last the next. WON likes volatile stocks that move up and down = fast for a wild ride. Sustainable results? Not likely. Also whiz kid = David Ryan ran a mutual fund in the 1999's called the New USA Growth = Fund. His performance was mediocre and the fund was sold after 5 years. = David probably gave up as he wasn't getting spectacular results as well = as he got in his contest results in the 1980's. =20 9) The volume of chart formation reading makes CANSLIM a burden = of beast instead of a easy reference that VV gives. With VV, at the = touch of a button, I get 10 potential purchases. With CANSLIM I have to = wade through tons of material to reach my 7 stocks. It's so much work = you can't give any time to your life. =20 10) William O'Neil suggest to buy one or two stocks if you have $5K = to $10K and progress up to a 5 stock portfolio. Most beginning = investors have a limited amount of money and the burden of picking big = winners is very difficult. If they strike out on one or two stocks, how = are they to regain confidence? On the contrary, VectorVest suggests = buying 10 stocks at a time to diversify. CANSLIM does not diversify, in = fact id concentrates into a few stocks. I would not stray from = legendary stock guru John Templeton's way of diversification. =20 11) Try to find a short strategy like VectorVest has and you'll have = a hard time finding one in IBD. Because William O'Neil has been snuffed = out in more bear markets than he can remember. He tried to do it with = chart formations and it's not the way to go with shorts. VectorVest is = right on target with short strategies, and it's at the touch of a = button. =20 12) CANSLIM - CAN'T SWIM XXXXX - ------=_NextPart_000_0029_01C35087.19AED0C0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Gene....an interesting post. = At the risk=20 of sliding even further into a  non-Canslim discussion, is = there a VV=20 user out there that can explain or define the VV "relative safety" and = "relative=20 timing" features. How does "relative timing" differ from RS?=20 Thanks.
 
Jon
 
 
----------------------------------------------------
This = mailbox=20 protected from junk email by Matador
from MailFrontier, Inc. http://info.mailfrontier.com
----- Original Message -----
From:=20 Gene = Ricci
To: canslim@lists.xmission.com=
Sent: Tuesday, July 22, 2003 = 7:11=20 PM
Subject: [CANSLIM] *** OFF = TOPIC *** Anti=20 CANSLIM ** Hit Delete

A couple of days ago someone asked = about=20 VectorVest and CANSLIM. Here's a person that thinks using VV is better = than=20 looking for CS candidates. I removed his name. The following  was = posted=20 on one of the VectorVest Yahoo Groups this morning (by long time = VV=20 user).=20
 
Gene

 

Anti CANSLIM

 

Much has been written about William = O=92Neil=92s stock=20 selection and market timing. =20 Glowing reports of great results and performances overshadow = the errors=20 in the system that prevent people from being successful = investors.  Here=92s my opinion of the = Hollywood=20 Huckster=92s system.

 

1)     =20 William O=92Neil has only one system of strategy =96 buying = stocks on=20 breakouts.  Some people = claim that=20 this is the holy grail, but others have found that they=92re buying at = the top=20 of the stock, not the bottom of a great beginning.  My personal experience has = been that=20 after I buy at a pivot point, the stock then plunges at least 20% so I = have to=20 dump the stock and wait until my account is sufficient to buy = with.  I have destroyed my account = totally at=20 least three times since beginning with the system.  I used CANSLIM from 1988 to = 1998, and=20 had only one good year, 1991, when I matched the S&P.  All other years I lost = money.  On the contrary, VectorVest = has an=20 unlimited number of strategies that can be implemented.

 

2)     =20 William O=92Neil has no idea as to when to sell a stock.  In the book, How to Make = Money in=20 Stocks, he outlines 30 potential sell points.  What I gather is that HE = DOESN=92T=20 KNOW!! 

 

3)     =20 William O=92Neil suggest that one should buy stocks only priced = above 12=20 or 15 dollars a share.  = Sorry,=20 fella, but penny stock strategies are sound, as Zach=92s Zoomers has = been a=20 great success.

 

4)     =20 William O=92Neil says you need to buy low cap stocks.  What this means is that you = buy stocks=20 with 1 million float or so.  = This=20 is more dangerous than ever, as the slightest activity of selling can = sent the=20 stock crashing.

 

5)      = In=20 Investor=92s Business Daily, you can find nothing that matches = VectorVest=92s=20 Relative Safety feature. =20 Basically, IBD=92s highly touted stocks are a piece of trash = that made it=20 to the top rankings by earnings increase alone.

 

6)      = The=20 Relative Strength and Earnings Per Share rankings are of no use when = trying to=20 find quality stocks.  = VectorVest=92s=20 Relative Timing is far superior as it gives an accurate picture of = what the=20 stock is doing in recent performance. =20 IBD=92s ranking implies there are a certain number of stocks at = 99, the=20 same at 98 etc.  Since = the ranking=20 is relative, you can=92t tell if the market is going under = accumulation or=20 distribution.

 

7)     =20 Chart formation analysis is the bastion of IBD=92s system.  However, you take a look at = some of=20 the formations and you will swear there is no rhyme or reason to = buying the=20 kind of stocks he suggests.  = Chart=20 formations are not automatic and do not guarantee results.  The cup and handle formation = is not a=20 trip to financial freedom as WON suggests.

 

8)     =20 William O=92Neil has no safe strategy with his system.  Basically, if you want to = buy quality=20 large cap stocks, you=92re out of luck. =20 WON ran a mutual fund in the 1960=92s, and he was first one = year then=20 last the next.  WON = likes volatile=20 stocks that move up and down fast for a wild ride.  Sustainable results?  Not likely.  Also whiz kid David Ryan ran = a mutual=20 fund in the 1999=92s called the New USA Growth Fund.  His performance was mediocre = and the=20 fund was sold after 5 years. =20 David probably gave up as he wasn=92t getting spectacular = results as well=20 as he got in his contest results in the 1980=92s.

 

9)      = The=20 volume of chart formation reading makes CANSLIM a burden of beast = instead of a=20 easy reference that VV gives. =20 With VV, at the touch of a button, I get 10 potential = purchases.  With CANSLIM I have to wade = through=20 tons of material to reach my 7 stocks. =20 It=92s so much work you can=92t give any time to your = life.

 

10) =20  William O=92Neil = suggest to=20 buy one or two stocks if you have $5K to $10K and progress up to a 5 = stock=20 portfolio.  Most = beginning=20 investors have a limited amount of money and the burden of picking big = winners=20 is very difficult.  If = they strike=20 out on one or two stocks, how are they to regain confidence?  On the contrary, VectorVest = suggests=20 buying 10 stocks at a time to diversify. =20 CANSLIM does not diversify, in fact id concentrates into a few=20 stocks.  I would not = stray from=20 legendary stock guru John Templeton=92s way of = diversification.

 

11) =20  Try to find a = short=20 strategy like VectorVest has and you=92ll have a hard time finding one = in=20 IBD.  Because William = O=92Neil has=20 been snuffed out in more bear markets than he can remember.  He tried to do it with chart = formations and it=92s not the way to go with shorts.  VectorVest is right on = target with=20 short strategies, and it=92s at the touch of a button.

 

12) =20 CANSLIM =96 CAN=92T SWIM

 

XXXXX

- ------=_NextPart_000_0029_01C35087.19AED0C0-- - - - -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: Tue, 22 Jul 2003 18:26:44 -0500 From: "Gene Ricci" Subject: Re: [CANSLIM] *** OFF TOPIC *** Anti CANSLIM ** Hit Delete This is a multi-part message in MIME format. - ------=_NextPart_000_04F6_01C3507E.CD95BDF0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I can and I will send it to you offline. Gene ----- Original Message -----=20 From: Jonathan Lobatto=20 To: canslim@lists.xmission.com=20 Sent: Tuesday, July 22, 2003 6:26 PM Subject: Re: [CANSLIM] *** OFF TOPIC *** Anti CANSLIM ** Hit Delete Gene....an interesting post. At the risk of sliding even further into = a non-Canslim discussion, is there a VV user out there that can explain = or define the VV "relative safety" and "relative timing" features. How = does "relative timing" differ from RS? Thanks. Jon ---------------------------------------------------- This mailbox protected from junk email by Matador from MailFrontier, Inc. http://info.mailfrontier.com ----- Original Message -----=20 From: Gene Ricci=20 To: canslim@lists.xmission.com=20 Sent: Tuesday, July 22, 2003 7:11 PM Subject: [CANSLIM] *** OFF TOPIC *** Anti CANSLIM ** Hit Delete A couple of days ago someone asked about VectorVest and CANSLIM. = Here's a person that thinks using VV is better than looking for CS = candidates. I removed his name. The following was posted on one of the = VectorVest Yahoo Groups this morning (by long time VV user).=20 Gene Anti CANSLIM =20 Much has been written about William O'Neil's stock selection and = market timing. Glowing reports of great results and performances = overshadow the errors in the system that prevent people from being = successful investors. Here's my opinion of the Hollywood Huckster's = system. =20 1) William O'Neil has only one system of strategy - buying = stocks on breakouts. Some people claim that this is the holy grail, but = others have found that they're buying at the top of the stock, not the = bottom of a great beginning. My personal experience has been that after = I buy at a pivot point, the stock then plunges at least 20% so I have to = dump the stock and wait until my account is sufficient to buy with. I = have destroyed my account totally at least three times since beginning = with the system. I used CANSLIM from 1988 to 1998, and had only one = good year, 1991, when I matched the S&P. All other years I lost money. = On the contrary, VectorVest has an unlimited number of strategies that = can be implemented. =20 2) William O'Neil has no idea as to when to sell a stock. In = the book, How to Make Money in Stocks, he outlines 30 potential sell = points. What I gather is that HE DOESN'T KNOW!! =20 =20 3) William O'Neil suggest that one should buy stocks only = priced above 12 or 15 dollars a share. Sorry, fella, but penny stock = strategies are sound, as Zach's Zoomers has been a great success. =20 4) William O'Neil says you need to buy low cap stocks. What = this means is that you buy stocks with 1 million float or so. This is = more dangerous than ever, as the slightest activity of selling can sent = the stock crashing. =20 5) In Investor's Business Daily, you can find nothing that = matches VectorVest's Relative Safety feature. Basically, IBD's highly = touted stocks are a piece of trash that made it to the top rankings by = earnings increase alone. =20 6) The Relative Strength and Earnings Per Share rankings are of = no use when trying to find quality stocks. VectorVest's Relative Timing = is far superior as it gives an accurate picture of what the stock is = doing in recent performance. IBD's ranking implies there are a certain = number of stocks at 99, the same at 98 etc. Since the ranking is = relative, you can't tell if the market is going under accumulation or = distribution. =20 7) Chart formation analysis is the bastion of IBD's system. = However, you take a look at some of the formations and you will swear = there is no rhyme or reason to buying the kind of stocks he suggests. = Chart formations are not automatic and do not guarantee results. The = cup and handle formation is not a trip to financial freedom as WON = suggests. 8) William O'Neil has no safe strategy with his system. = Basically, if you want to buy quality large cap stocks, you're out of = luck. WON ran a mutual fund in the 1960's, and he was first one year = then last the next. WON likes volatile stocks that move up and down = fast for a wild ride. Sustainable results? Not likely. Also whiz kid = David Ryan ran a mutual fund in the 1999's called the New USA Growth = Fund. His performance was mediocre and the fund was sold after 5 years. = David probably gave up as he wasn't getting spectacular results as well = as he got in his contest results in the 1980's. =20 9) The volume of chart formation reading makes CANSLIM a burden = of beast instead of a easy reference that VV gives. With VV, at the = touch of a button, I get 10 potential purchases. With CANSLIM I have to = wade through tons of material to reach my 7 stocks. It's so much work = you can't give any time to your life. =20 10) William O'Neil suggest to buy one or two stocks if you have = $5K to $10K and progress up to a 5 stock portfolio. Most beginning = investors have a limited amount of money and the burden of picking big = winners is very difficult. If they strike out on one or two stocks, how = are they to regain confidence? On the contrary, VectorVest suggests = buying 10 stocks at a time to diversify. CANSLIM does not diversify, in = fact id concentrates into a few stocks. I would not stray from = legendary stock guru John Templeton's way of diversification. =20 11) Try to find a short strategy like VectorVest has and you'll = have a hard time finding one in IBD. Because William O'Neil has been = snuffed out in more bear markets than he can remember. He tried to do = it with chart formations and it's not the way to go with shorts. = VectorVest is right on target with short strategies, and it's at the = touch of a button. =20 12) CANSLIM - CAN'T SWIM XXXXX - ------=_NextPart_000_04F6_01C3507E.CD95BDF0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
I can and I will send it to you=20 offline.
 
Gene
----- Original Message -----
From:=20 Jonathan=20 Lobatto
To: canslim@lists.xmission.com=
Sent: Tuesday, July 22, 2003 = 6:26=20 PM
Subject: Re: [CANSLIM] *** OFF = TOPIC ***=20 Anti CANSLIM ** Hit Delete

Gene....an interesting post. = At the risk=20 of sliding even further into a  non-Canslim discussion, is = there a=20 VV user out there that can explain or define the VV "relative safety" = and=20 "relative timing" features. How does "relative timing" differ from RS? = Thanks.
 
Jon
 
 
----------------------------------------------------
This = mailbox=20 protected from junk email by Matador
from MailFrontier, Inc. http://info.mailfrontier.com
----- Original Message -----
From:=20 Gene = Ricci
Sent: Tuesday, July 22, 2003 = 7:11=20 PM
Subject: [CANSLIM] *** OFF = TOPIC ***=20 Anti CANSLIM ** Hit Delete

A couple of days ago someone asked = about=20 VectorVest and CANSLIM. Here's a person that thinks using VV is = better than=20 looking for CS candidates. I removed his name. The following  = was=20 posted on one of the VectorVest Yahoo Groups this morning = (by long time=20 VV user).=20
 
Gene

 

Anti CANSLIM

 

Much has been written about William = O=92Neil=92s stock=20 selection and market timing.  = Glowing reports of great results and performances overshadow = the=20 errors in the system that prevent people from being successful=20 investors.  Here=92s = my opinion of=20 the Hollywood Huckster=92s system.

 

1)      = William O=92Neil has only one system of strategy =96 buying = stocks on=20 breakouts.  Some = people claim=20 that this is the holy grail, but others have found that they=92re = buying at=20 the top of the stock, not the bottom of a great beginning.  My personal experience has = been that=20 after I buy at a pivot point, the stock then plunges at least 20% so = I have=20 to dump the stock and wait until my account is sufficient to buy = with.  I have destroyed my = account totally=20 at least three times since beginning with the system.  I used CANSLIM from 1988 = to 1998,=20 and had only one good year, 1991, when I matched the S&P.  All other years I lost = money.  On the contrary, = VectorVest has an=20 unlimited number of strategies that can be implemented.

 

2)      = William O=92Neil has no idea as to when to sell a stock.  In the book, How to Make = Money in=20 Stocks, he outlines 30 potential sell points.  What I gather is that HE = DOESN=92T=20 KNOW!! 

 

3)      = William O=92Neil suggest that one should buy stocks only = priced above=20 12 or 15 dollars a share. =20 Sorry, fella, but penny stock strategies are sound, as = Zach=92s Zoomers=20 has been a great success.

 

4)      = William O=92Neil says you need to buy low cap stocks.  What this means is that = you buy=20 stocks with 1 million float or so. =20 This is more dangerous than ever, as the slightest activity = of=20 selling can sent the stock crashing.

 

5)      = In=20 Investor=92s Business Daily, you can find nothing that matches = VectorVest=92s=20 Relative Safety feature. =20 Basically, IBD=92s highly touted stocks are a piece of trash = that made=20 it to the top rankings by earnings increase alone.

 

6)      = The Relative Strength and Earnings Per Share rankings are of = no use=20 when trying to find quality stocks. =20 VectorVest=92s Relative Timing is far superior as it gives an = accurate=20 picture of what the stock is doing in recent performance.  IBD=92s ranking implies = there are a=20 certain number of stocks at 99, the same at 98 etc.  Since the ranking is = relative, you=20 can=92t tell if the market is going under accumulation or=20 distribution.

 

7)      = Chart formation analysis is the bastion of IBD=92s = system.  However, you take a look = at some of=20 the formations and you will swear there is no rhyme or reason to = buying the=20 kind of stocks he suggests. =20 Chart formations are not automatic and do not guarantee = results.  The cup and handle = formation is not=20 a trip to financial freedom as WON suggests.

 

8)      = William O=92Neil has no safe strategy with his system.  Basically, if you want to = buy=20 quality large cap stocks, you=92re out of luck.  WON ran a mutual fund in = the 1960=92s,=20 and he was first one year then last the next.  WON likes volatile stocks = that move=20 up and down fast for a wild ride. =20 Sustainable results?  = Not=20 likely.  Also whiz kid = David=20 Ryan ran a mutual fund in the 1999=92s called the New USA Growth = Fund.  His performance was = mediocre and the=20 fund was sold after 5 years.  = David probably gave up as he wasn=92t getting spectacular = results as=20 well as he got in his contest results in the 1980=92s.

 

9)      = The volume of chart formation reading makes CANSLIM a burden = of beast=20 instead of a easy reference that VV gives.  With VV, at the touch of a = button, I=20 get 10 potential purchases. =20 With CANSLIM I have to wade through tons of material to reach = my 7=20 stocks.  It=92s so = much work you=20 can=92t give any time to your life.

 

10) =20  William = O=92Neil suggest=20 to buy one or two stocks if you have $5K to $10K and progress up to = a 5=20 stock portfolio.  Most = beginning=20 investors have a limited amount of money and the burden of picking = big=20 winners is very difficult.  = If=20 they strike out on one or two stocks, how are they to regain=20 confidence?  On the = contrary,=20 VectorVest suggests buying 10 stocks at a time to diversify.  CANSLIM does not = diversify, in fact=20 id concentrates into a few stocks. =20 I would not stray from legendary stock guru John = Templeton=92s way of=20 diversification.

 

11) =20  Try to find a = short=20 strategy like VectorVest has and you=92ll have a hard time finding = one in=20 IBD.  Because William = O=92Neil has=20 been snuffed out in more bear markets than he can remember.  He tried to do it with = chart=20 formations and it=92s not the way to go with shorts.  VectorVest is right on = target with=20 short strategies, and it=92s at the touch of a button.

 

12) =20 CANSLIM =96 CAN=92T SWIM

 

XXXXX

- ------=_NextPart_000_04F6_01C3507E.CD95BDF0-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ End of canslim-digest V2 #3439 ****************************** 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.