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

From: Warren Keuffel <wkeuffel@xmission.com>
Subject: Re: [CANSLIM] Point of View: Why bother with fundamentals?
Date: Sun, 16 Dec 2001 17:20:15 -0700

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Yes, but if you held on to EPIQ through thick and thin, you're violating
the sell rules of CANSLIM.  So are you saying you only follow the buy
rules but not the sell rules?

Warren

Tom Worley wrote:

> 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 -----
>      From: Katherine Malm
>      To: canslim@lists.xmission.com
>      Sent: Sunday, December 16, 2001 11:12 AM
>      Subject: [CANSLIM] Point of View: Why bother with
>      fundamentals?
>       Proposed: 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. Thoughts pro/con? Katherine
>


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