Go to Jeff Salisbury LWGate Home Page.From: "Tom Worley" <stkguru@netside.net>
Subject: Re: [CANSLIM] Point of View: Why bother with fundamentals?
Date: Mon, 17 Dec 2001 05:25:37 -0500
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Larry,
The primary source of new picks for my personal watchlist come from =
daily lists of stocks hitting new 12 month highs. I then look at their =
chart, and fundies. Since the market has already decided that there is =
some reason to be buying them (hence the new high), my job is to pick =
out the ones with good chart formations, and a legitimate reason to be =
moving up. Because I exclude certain industries from consideration, I =
may not always get the ones with the best fundies, but I get ones I am =
comfortable in owning long term.
The watchlist I present in WWW is a little different. There I start with =
stocks with high RS and EPS, as well as close to their 12 month high. =
That gives a blend of both fundies and momentum. And I am only focusing =
on the chart and whether that presents a formation worth watching.
Tom Worley
stkguru@netside.net
AIM: TexWorley
----- Original Message -----=20
From: larry l worden=20
To: canslim@lists.xmission.com=20
Sent: Monday, December 17, 2001 1:23 AM
Subject: Re: [CANSLIM] Point of View: Why bother with fundamentals?
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.=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
>
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<META content=3D"text/html; charset=3Diso-8859-1" =
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<BODY bgColor=3D#ffffff>
<DIV><FONT size=3D2>Larry,</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=3D2>The primary source of new picks for my personal =
watchlist come=20
from daily lists of stocks hitting new 12 month highs. I then look at =
their=20
chart, and fundies. Since the market has already decided that there is =
some=20
reason to be buying them (hence the new high), my job is to pick out the =
ones=20
with good chart formations, and a legitimate reason to be moving up. =
Because I=20
exclude certain industries from consideration, I may not always get the =
ones=20
with the best fundies, but I get ones I am comfortable in owning long=20
term.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=3D2>The watchlist I present in WWW is a little =
different. There I=20
start with stocks with high RS and EPS, as well as close to their 12 =
month high.=20
That gives a blend of both fundies and momentum. And I am only focusing =
on the=20
chart and whether that presents a formation worth watching.</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 dir=3Dltr=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:worden33@juno.com" title=3Dworden33@juno.com>larry l =
worden</A>=20
</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> Monday, December 17, 2001 =
1:23=20
AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] Point of =
View: Why=20
bother with fundamentals?</DIV>
<DIV><BR></DIV>
<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"BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 10px; =
PADDING-LEFT: 10px">
<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=20
play, only rules I violated was buying a stock then around $12, and =
with=20
limited liquidity. Timed it near perfect, went up in an almost =
continuous=20
trend for 7 straight weeks. There I violated the other rule, sold a =
stock=20
with more than a 20% gain in less than 8 weeks (sold for a 70% gain =
in 7=20
weeks). Exit turned out also correct, later bought it a 2nd and 3rd =
time for=20
20% and 30% gains. Last buy was nearly 18 months ago, and sold half =
after 10=20
months for a 220% gain, then sold another qtr position several =
months later=20
for over 400% gain. </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=20
over a decade of trying to work with CANSLIM and WON products, I =
feel I can=20
take 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=20
thru 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=20
2 years. And why I will buy more at the right price. But I never =
could have=20
done it without knowing how to invest in thinly traded, low priced =
small and=20
micro 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"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:=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,=20
or a firm being paid to hype / tout a stock, price =
movement<BR>> is=20
driven by expectations for the future. And those expectations =
are<BR>>=20
based on fundamentals of the stock. I also disagree with a belief=20
that<BR>> a solid, quality CANSLIM purchase will only make you =
money=20
for a few<BR>> weeks or a few months. Had I played EPIQ for =
every=20
updraft and<BR>> downdraft, I would undoubtedly have found =
myself on=20
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=20
good company can survive and<BR>> recover value. Fundamentals, =
and=20
their rate of growth, also help us<BR>> see leadership. Tom=20
Worley<BR>> <A=20
=
href=3D"mailto:stkguru@netside.net">stkguru@netside.net</A><BR>> AIM: =
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=20
in good markets, only a<BR>> few =
months,=20
why bother selecting portfolio candidates=20
using<BR>> any sort of =
fundamental=20
analysis? Returns in this =
time<BR>> =20
period 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=
=20
the email body, write "subscribe canslim" or<BR>-"unsubscribe=20
canslim". Do not use quotes in your email.<BR></BLOCKQUOTE>
<DIV> </DIV></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
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