Re: [CANSLIM] Rick-Canslim no workee?

From: Hemant Rotithor <rotithor@zko.dec.com>
Subject: Re: [CANSLIM] Rick-Canslim no workee?
Date: Sun, 06 Apr 1997 19:22:07 -0700

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GoldFish wrote:
> 
> Hi Folks:
> 
> It has been a very educational and entertaning experience for me to
> joint this group.
> 
> I find it is amazing that so many people voiced against Rick.
> We are not in a cult group, are we?

> Rick, I support your voice! And I am out of here.
> 
> Sincerely,
> 
> Haw-Jye Shyu

I would encourage you to stay on. I read all the posts by Rick Miller
and responses to that from
this group.
I think the initial response he got to his proposal was rather harsh but
that probably was
due to the way he made his proposal; had he not mentioned "gut feeling"
as one of the components of stock selection the proposal would have
appeared to be more concrete.
Unless gut feeling includes all systematic approaches, people are
unlikely to beleive that there is any meaningful system.
Some of the responses about not being able to test CANSLIM were
interesting to say the least; why can we not test it? if we can't then
we should find ways to test it even if the methods are imperfect; so
many of the real life test systems are imperfect yet we use them
regularly.
Another troublesome aspect of some responses was suggestion a poster to
go and read William O'Neill's book by assuming that the poster has not
read it by default (In Rick's case he mentioned having read it), that
could amount to underestimating the person's background.
I have seen some people mention that they have read O'Neill's book many
times and claim to understand CANSLIMvery well, yet suggest stocks
trading at less than $10.
I would humbly suggest folks to be more respectful to others, not assume
anything about their background unless they mention it because on an
email list as this you just don't know who you are dealing with at the
other end. I feel the need to voice my opinion because although Rick's
proposal could have been better, I think many of the responses could
have been even better written and we may be setting a precedence for
such posts in the future.

With best regards

Hemant Rotithor

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