Go to Jeff Salisbury LWGate Home Page.From: "Tom Worley" <stkguru@netside.net>
Subject: Re: [CANSLIM] Point of View: Why bother with fundamentals?
Date: Sun, 16 Dec 2001 20:36:53 -0500
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This is a multi-part message in MIME format. - ------=_NextPart_000_003A_01C18671.65F0F080 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Actually, Warren, I didn't hold onto it thru "thick and thin". My first = trip well over two years ago was a near perfect CANSLIM play, only rules = I violated was buying a stock then around $12, and with limited = liquidity. Timed it near perfect, went up in an almost continuous trend = for 7 straight weeks. There I violated the other rule, sold a stock with = more than a 20% gain in less than 8 weeks (sold for a 70% gain in 7 = weeks). Exit turned out also correct, later bought it a 2nd and 3rd time = for 20% and 30% gains. Last buy was nearly 18 months ago, and sold half = after 10 months for a 220% gain, then sold another qtr position several = months later for over 400% gain.=20 I have made it clear, through over five years of posting here, that I = violate many CANSLIM rules. Simply by buying thinly traded, low priced = small caps, I am out of the mainstream of modern day CANSLIM. That's = just one of many reasons why I do not normally post my stocks. But with = my years of experience in investing, and many painful lessons learned, = plus over a decade of trying to work with CANSLIM and WON products, I = feel I can take those risks with my own money. EPIQ is just one example of where early profits, combined with an = exceptional business model, and solid fundies, allowed me to hold thru = numerous corrections that would have stopped out the typical short term = investor. That is why my remaining holding in EPIQ is up 408% in under = 2 years. And why I will buy more at the right price. But I never could = have done it without knowing how to invest in thinly traded, low priced = small and micro cap stocks. CANSLIM is designed for individual customization. Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message -----=20 From: Warren Keuffel=20 To: canslim@lists.xmission.com=20 Sent: Sunday, December 16, 2001 7:20 PM Subject: Re: [CANSLIM] Point of View: Why bother with fundamentals? 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 > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - ------=_NextPart_000_003A_01C18671.65F0F080 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable <!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD> <META content=3D"text/html; charset=3Diso-8859-1" = http-equiv=3DContent-Type> <META content=3D"MSHTML 5.00.2314.1000" name=3DGENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=3D#ffffff> <DIV><FONT size=3D2>Actually, Warren, I didn't hold onto it thru "thick = and thin".=20 My first trip well over two years ago was a near perfect CANSLIM play, = only=20 rules I violated was buying a stock then around $12, and with limited = liquidity.=20 Timed it near perfect, went up in an almost continuous trend for 7 = straight=20 weeks. There I violated the other rule, sold a stock with more than a = 20% gain=20 in less than 8 weeks (sold for a 70% gain in 7 weeks). Exit turned out = also=20 correct, later bought it a 2nd and 3rd time for 20% and 30% gains. Last = buy was=20 nearly 18 months ago, and sold half after 10 months for a 220% gain, = then sold=20 another qtr position several months later for over 400% gain. = </FONT></DIV> <DIV> </DIV> <DIV><FONT size=3D2>I have made it clear, through over five years of = posting here,=20 that I violate many CANSLIM rules. Simply by buying thinly traded, low = priced=20 small caps, I am out of the mainstream of modern day CANSLIM. That's = just one of=20 many reasons why I do not normally post my stocks. But with my years of=20 experience in investing, and many painful lessons learned, plus over a = decade of=20 trying to work with CANSLIM and WON products, I feel I can take those = risks with=20 my own money.</FONT></DIV> <DIV> </DIV> <DIV><FONT size=3D2>EPIQ is just one example of where early profits, = combined with=20 an exceptional business model, and solid fundies, allowed me to hold = thru=20 numerous corrections that would have stopped out the typical short term=20 investor. That is why my remaining holding in EPIQ is up 408% in = under 2=20 years. And why I will buy more at the right price. But I never could = have done=20 it without knowing how to invest in thinly traded, low priced small and = micro=20 cap stocks.</FONT></DIV> <DIV> </DIV> <DIV><FONT size=3D2>CANSLIM is designed for individual = customization.</FONT></DIV> <DIV> </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:wkeuffel@xmission.com" = title=3Dwkeuffel@xmission.com>Warren=20 Keuffel</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 = 7:20=20 PM</DIV> <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] Point of = View: Why=20 bother with fundamentals?</DIV> <DIV><BR></DIV>Yes, but if you held on to EPIQ through thick and thin, = you're=20 violating<BR>the sell rules of CANSLIM. So are you saying you = only=20 follow the buy<BR>rules but not the sell = rules?<BR><BR>Warren<BR><BR>Tom=20 Worley wrote:<BR><BR>> CON - I like fundies Aside from artificial = stimulus=20 like a wire house<BR>> upgrade, or a firm being paid to hype / tout = a=20 stock, price movement<BR>> is driven by expectations for the = future. And=20 those expectations are<BR>> based on fundamentals of the stock. I = also=20 disagree with a belief that<BR>> a solid, quality CANSLIM purchase = will=20 only make you money for a few<BR>> weeks or a few months. Had I = played EPIQ=20 for every updraft and<BR>> downdraft, I would undoubtedly have = found myself=20 on the wrong side<BR>> more than once. Instead I held for over 14 = months=20 and saw it go up<BR>> over 500%. Fundamentals also build a degree = of=20 confidence that during<BR>> major events such as the 9/11 attacks, = a good=20 company can survive and<BR>> recover value. Fundamentals, and their = rate of=20 growth, also help us<BR>> see leadership. Tom Worley<BR>> <A=20 href=3D"mailto:stkguru@netside.net">stkguru@netside.net</A><BR>> = AIM:=20 TexWorley<BR>><BR>> ----- Original = Message=20 -----<BR>> From: Katherine=20 Malm<BR>> To: <A=20 = href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>= <BR>> =20 Sent: Sunday, December 16, 2001 11:12 = AM<BR>> =20 Subject: [CANSLIM] Point of View: Why bother=20 with<BR>> =20 fundamentals?<BR>> Proposed: If = a=20 typical CANSLIM/Intermediate term move in=20 a<BR>> stock lasts only a few weeks, = and in=20 good markets, only a<BR>> few months, = why=20 bother selecting portfolio candidates=20 using<BR>> any sort of fundamental = analysis?=20 Returns in this time<BR>> period are = strictly=20 based on price movement and can = be<BR>> =20 maximized based on technical indicators and=20 price/volume<BR>> action alone. = Thoughts=20 pro/con? Katherine<BR>><BR><BR><BR>-<BR>-To subscribe/unsubscribe, = email=20 "<A = href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>-In= =20 the email body, write "subscribe canslim" or<BR>-"unsubscribe = canslim". =20 Do not use quotes in your email.<BR></BLOCKQUOTE></BODY></HTML> - ------=_NextPart_000_003A_01C18671.65F0F080-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
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