Re: [CANSLIM] Point of View: Why bother with fundamentals?

From: "Tom Worley" <stkguru@netside.net>
Subject: Re: [CANSLIM] Point of View: Why bother with fundamentals?
Date: Sun, 16 Dec 2001 13:12:32 -0500

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CON - I like fundies

Aside from artificial stimulus like a wire house upgrade, or a firm =
being paid to hype / tout a stock, price movement is driven by =
expectations for the future. And those expectations are based on =
fundamentals of the stock.

I also disagree with a belief that a solid, quality CANSLIM purchase =
will only make you money for a few weeks or a few months. Had I played =
EPIQ for every updraft and downdraft, I would undoubtedly have found =
myself on the wrong side more than once. Instead I held for over 14 =
months and saw it go up over 500%.

Fundamentals also build a degree of confidence that during major events =
such as the 9/11 attacks, a good company can survive and recover value. =
Fundamentals, and their rate of growth, also help us see leadership.

Tom Worley
stkguru@netside.net
AIM: TexWorley

  ----- Original Message -----=20
  From: Katherine Malm=20
  To: canslim@lists.xmission.com=20
  Sent: Sunday, December 16, 2001 11:12 AM
  Subject: [CANSLIM] Point of View: Why bother with fundamentals?


  Proposed:
  =20
  If a typical CANSLIM/Intermediate term move in a stock lasts only a =
few weeks, and in good markets, only a few months, why bother selecting =
portfolio candidates using any sort of fundamental analysis? Returns in =
this time period are strictly based on price movement and can be =
maximized based on technical indicators and price/volume action alone.
  =20
  Thoughts pro/con?
  =20
  Katherine

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<DIV><FONT size=3D2>CON - I like fundies</FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV><FONT size=3D2>Aside from artificial stimulus like a wire house =
upgrade, or a=20
firm being paid to hype / tout a stock, price movement is driven by =
expectations=20
for the future. And those expectations are based on fundamentals of the=20
stock.</FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV><FONT size=3D2>I also disagree with a belief that a solid,=20
quality&nbsp;CANSLIM purchase will only make you money for a few weeks =
or a few=20
months. Had I played EPIQ for every updraft and downdraft, I would =
undoubtedly=20
have found myself on the wrong side more than once. Instead I held for =
over 14=20
months and saw it go up over 500%.</FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV><FONT size=3D2>Fundamentals also build a degree of confidence that =
during=20
major events such as the 9/11 attacks, a good company can survive and =
recover=20
value. Fundamentals, and their rate of growth, also help us see=20
leadership.</FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV>Tom Worley<BR><A=20
href=3D"mailto:stkguru@netside.net">stkguru@netside.net</A><BR>AIM:=20
TexWorley<BR></DIV>
<BLOCKQUOTE=20
style=3D"BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: =
0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
  <DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
  <DIV=20
  style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
  <A href=3D"mailto:kmalm@earthlink.net" =
title=3Dkmalm@earthlink.net>Katherine=20
  Malm</A> </DIV>
  <DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
  href=3D"mailto:canslim@lists.xmission.com"=20
  title=3Dcanslim@lists.xmission.com>canslim@lists.xmission.com</A> =
</DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Sunday, December 16, 2001 =
11:12=20
  AM</DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] Point of =
View: Why=20
  bother with fundamentals?</DIV>
  <DIV><BR></DIV>
  <DIV><FONT face=3DArial size=3D2>
  <DIV><FONT face=3DArial size=3D2>Proposed:</FONT></DIV>
  <DIV><FONT face=3DArial size=3D2>&nbsp;</DIV></FONT>
  <DIV><FONT face=3DArial size=3D2>If a typical CANSLIM/Intermediate =
term move in a=20
  stock lasts only a few weeks, and in good markets, only a few months, =
why=20
  bother selecting portfolio candidates using any sort of fundamental =
analysis?=20
  Returns in this time period are strictly based on price movement and =
can be=20
  maximized based on technical indicators and price/volume action=20
  alone.</FONT></DIV>
  <DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
  <DIV><FONT face=3DArial size=3D2>Thoughts pro/con?</FONT></DIV>
  <DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
  <DIV><FONT face=3DArial=20
size=3D2>Katherine</DIV></FONT></FONT></DIV></BLOCKQUOTE></BODY></HTML>

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