Go to Jeff Salisbury LWGate Home Page.From: larry l worden <worden33@juno.com>
Subject: Re: [CANSLIM] Point of View: Why bother with fundamentals?
Date: Sun, 16 Dec 2001 22:23:59 -0800
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Maybe the question should be, do you get the best fundamental stocks and
then look at the charts, or get the best charts and then look at the
fundamentals? Thanks for the watchlist, I appreciate all of the work.
Larry
On Sun, 16 Dec 2001 20:36:53 -0500 "Tom Worley" <stkguru@netside.net>
writes:
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.
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 -----
From: Warren Keuffel
To: canslim@lists.xmission.com
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
>
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<DIV>Maybe the question should be, do you get the best fundamental stocks =
and=20
then look at the charts, or get the best charts and then look at the=20
fundamentals? Thanks for the watchlist, I appreciate all of the=20
work. Larry</DIV>
<DIV> </DIV>
<DIV>On Sun, 16 Dec 2001 20:36:53 -0500 "Tom Worley" <<A=20
href=3D"mailto:stkguru@netside.net">stkguru@netside.net</A>> writes:</=
DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-LEFT: 10px; MARGIN-LEFT: 10px; BORDER-LEFT: #000000 2px =
solid">
<DIV><FONT size=3D2>Actually, Warren, I didn't hold onto it thru "thick =
and=20
thin". My first trip well over two years ago was a near perfect CANSLIM =
play,=20
only rules I violated was buying a stock then around $12, and with =
limited=20
liquidity. Timed it near perfect, went up in an almost continuous trend =
for 7=20
straight weeks. There I violated the other rule, sold a stock with more =
than a=20
20% gain in less than 8 weeks (sold for a 70% gain in 7 weeks). Exit =
turned=20
out also correct, later bought it a 2nd and 3rd time for 20% and 30% =
gains.=20
Last buy was nearly 18 months ago, and sold half after 10 months for a =
220%=20
gain, then sold another qtr position several months later for over 400% =
gain.=20
</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=3D2>I have made it clear, through over five years of =
posting=20
here, that I violate many CANSLIM rules. Simply by buying thinly traded, =
low=20
priced small caps, I am out of the mainstream of modern day CANSLIM. That=
's=20
just one of many reasons why I do not normally post my stocks. But with =
my=20
years of experience in investing, and many painful lessons learned, plus =
over=20
a decade of trying to work with CANSLIM and WON products, I feel I can =
take=20
those risks with my own money.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=3D2>EPIQ is just one example of where early profits, =
combined=20
with 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=20
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"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-=
LEFT: #000000 2px solid; MARGIN-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 title=3Dwkeuffel@xmission.com href=3D"mailto:wkeuffel@xmission.com">=
Warren=20
Keuffel</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A title=3Dcanslim@lists.=
xmission.com=20
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</=
A>=20
</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:=20
Why bother with fundamentals?</DIV>
<DIV><BR></DIV>Yes, but if you held on to EPIQ through thick and thin,=
=20
you're violating<BR>the sell rules of CANSLIM. So are you saying =
you=20
only follow the buy<BR>rules but not the sell=20
rules?<BR><BR>Warren<BR><BR>Tom Worley wrote:<BR><BR>> CON - I like=
=20
fundies Aside from artificial stimulus like a wire house<BR>> =
upgrade, or=20
a firm being paid to hype / tout a stock, price movement<BR>> is =
driven=20
by expectations for the future. And those expectations are<BR>> =
based on=20
fundamentals of the stock. I also disagree with a belief that<BR>> a=
=20
solid, quality CANSLIM purchase will only make you money for a few<BR>&=
gt;=20
weeks or a few months. Had I played EPIQ for every updraft and<BR>>=
=20
downdraft, I would undoubtedly have found myself on the wrong side<BR>&=
gt;=20
more than once. Instead I held for over 14 months and saw it go up<BR>&=
gt;=20
over 500%. Fundamentals also build a degree of confidence that=20
during<BR>> major events such as the 9/11 attacks, a good company =
can=20
survive and<BR>> recover value. Fundamentals, and their rate of =
growth,=20
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=
=20
Message -----<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=20
AM<BR>> Subject: [CANSLIM] Point of =
View:=20
Why bother 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=20
analysis? Returns in this time<BR>> =
period=20
are strictly based on price movement and can=20
be<BR>> maximized based on technical=20
indicators and price/volume<BR>> =
action=20
alone. Thoughts pro/con? Katherine<BR>><BR><BR><BR>-<BR>-To=20
subscribe/unsubscribe, email "<A=20
href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>-=
In the=20
email body, write "subscribe canslim" or<BR>-"unsubscribe canslim".&=
nbsp; Do=20
not use quotes in your email.<BR></BLOCKQUOTE>
<DIV> </DIV></BLOCKQUOTE></BODY></HTML>
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Next Article (by Subject): Re: [CANSLIM] Point of View: Why bother with fundamentals? "Tom Worley"
Previous Article (by Subject): Re: [CANSLIM] Point of View: Why bother with fundamentals? Gene Ricci
Top of Thread: Re: [CANSLIM] Point of View: Why bother with fundamentals? "Patrick Wahl"
Next in Thread: Re: [CANSLIM] Point of View: Why bother with fundamentals? "Tom Worley"
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