Go to Jeff Salisbury LWGate Home Page.From: Gene Ricci <genr@swbell.net>
Subject: Re: [CANSLIM] Point of View: Why bother with fundamentals?
Date: Mon, 17 Dec 2001 15:32:12 -0600
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Tom, I spoke with WizeTrade a few minutes ago and they told me that =
fundamentals were required for position trading (1 - 4 months+). One of =
their most successful position traders selects his candidates from =
Daily Graphs AFTER they pass the following criteria:
i. STOCK PRICE BETWEEN $10 AND $60
ii. AVERAGE VOLUME >=3D 400,000 shares per day
iii. TIMELINESS =3D A
iv. ACCUMULATION =3D A or B
v. SMR RATING =3D 60-99 or (A/B)*
vi. GROUP RATING =3D 60-99 or (A/B)*
vii. RS >=3D 79
* Note: DGO in some reports will grade items as A,B,C etc. and in =
another report will grade the same item numerically. A score of 60-79 =
=3D B and 80-99=3DA. A score of 60 or higher means that it is at least a =
rating of B.
He also uses Stockcharts and MA's to make the final decision as to the =
candidates that move on to WT.
Haven't seen any data that 'tells' me that using fundamentals for =
intermediate or swing trading is bad!!! So ...even if using them is =
nothing more than a placebo, they make me feel good, so why not =
continue to use them... that's the easiest and most structured part of =
the process.... chart reading by my definition being the most difficult.
K. what have you learned from this banter?
Gene
----- Original Message -----=20
From: Tom Worley=20
To: canslim@lists.xmission.com=20
Sent: Sunday, December 16, 2001 7:24 PM
Subject: Re: [CANSLIM] Point of View: Why bother with fundamentals?
Gene,
It all depends on whether you have the time and stamina to day trade, =
or you are trying to invest. If the former, go with WizeTrade. If the =
latter, find something that works beyond a few hours or a few days.=20
I have known a number of day traders over the years, and none used =
fundies, most didn't even know what the company did for business. =
Ignored sector or industry group, earnings (past or future), RS, etc. =
Several didn't even really know how to read a chart, simply relied on =
current momentum. The ones that did it professionally spent upwards of =
10 hours a day in front of their monitor(s). One had 7 different =
monitors and two TVs he tried to watch continuously.
Tom Worley
stkguru@netside.net
AIM: TexWorley
----- Original Message -----=20
From: Gene Ricci=20
To: canslim@lists.xmission.com=20
Sent: Sunday, December 16, 2001 5:23 PM
Subject: Re: [CANSLIM] Point of View: Why bother with fundamentals?
K, thanks for the clarification.
A couple of weeks ago I would have said 'no fundamentals... are you =
kidding me'.=20
I've had several discussions over the past 2-3 weeks and as recently =
as last Thursday, I was told to think 'out of the box' by a VP at =
WizeTrade. I signed up for their 30-day trial (week ago) and was in his =
office 'showing' him the shortcomings of his system. He showed me a sign =
that said... price is determined by buyers and sellers. He went on to =
say that all I had to do was to look at the Green (buy) and Red (sell) =
indicators.... green means more buyers than sellers and red more sellers =
than buyers. The program has charts.... felt better when I found that =
out.... turns out the charts were just time intervals intraday, day, =
week, month.... the lines on the chart were green and red. When the =
green crossed up over red, time to buy.... when red over green it's time =
to sell.=20
From WizeTrade home page or links.
The green line and the red line are summation formulas and not =
price lines or graphs
"No, WizetradeT is not based on "moving averages." WizetradeT =
uses seven key technical indicators to perform its complex "real-time" =
calculations at the rate of 800-1500 calculations per second. The seven =
key indicators are the previous day's closing price, the current day's =
opening price, high, low, every up tick, every down tick - which are =
then exponentially weighted to volume."=20
How can this system work, no fundamentals, stochastic, MACD, =
candlesticks, CANSLIM, etc.?? They seem to take pride in buying =
companies that they don't know much about or what the symbol stands =
for.... they do take pride in the fact that their software tells them =
immediately when there are more buyers than sellers, etc. .... BTW, they =
signaled to get out of ENE at 80+.
I was told that fundamentals were nothing more than a time waster =
and a poor placebo (in a nice way).=20
I'm interested in learning 'the truth'. Certainly would be nice to =
quit looking at fundamentals and all that research as well as spending =
money on DGO/IBD.... etc. WizeTrade also eliminates the need to track or =
know anything about sector rotation.... their buyers and sellers tell =
them all that.
Is it possible that I've been wasting my time looking for data to =
support what I call a good company?
Naw, can't be!
Guess I'll just have to try to understand how and if their system =
works.... over the holidays.=20
Disclaimer: I don't work for them and until my trial is over, I'm =
not even a customer.
Gene
----- Original Message -----=20
From: Katherine Malm=20
To: canslim@lists.xmission.com=20
Sent: Sunday, December 16, 2001 2:55 PM
Subject: Re: [CANSLIM] Point of View: Why bother with =
fundamentals?
That would mean any selection criteria that depended on something =
other than price/volume/volatility technical indicators.
Katherine
----- Original Message -----=20
From: Gene Ricci=20
To: canslim@lists.xmission.com=20
Sent: Sunday, December 16, 2001 3:14 PM
Subject: Re: [CANSLIM] Point of View: Why bother with =
fundamentals?
Please define "any sort of fundamental analysis"...=20
Thanks,
Gene
----- Original Message -----=20
From: Katherine Malm=20
To: canslim@lists.xmission.com=20
Sent: Sunday, December 16, 2001 10:12 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><FONT face=3D"Comic Sans MS">Tom, I spoke with WizeTrade a few =
minutes=20
ago and they told me that fundamentals were required for position =
trading=20
(1 - 4 months+). One of their most successful position traders selects =
his=20
candidates from Daily Graphs AFTER they pass the following=20
criteria:</FONT></DIV>
<DIV><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: 'Courier New'; =
mso-bidi-font-size: 12.0pt; mso-bidi-font-family: 'Times New =
Roman'"></SPAN> </DIV>
<DIV><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: 'Courier New'; =
mso-bidi-font-size: 12.0pt; mso-bidi-font-family: 'Times New =
Roman'"> </SPAN><FONT=20
face=3D"Comic Sans MS"><FONT size=3D4><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: 'Courier New'; =
mso-bidi-font-size: 12.0pt; mso-bidi-font-family: 'Times New =
Roman'">i.<SPAN=20
style=3D"FONT: 7pt 'Times New =
Roman'">  =
; =20
</SPAN></SPAN><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: 'Courier New'; =
mso-bidi-font-size: 12.0pt; mso-bidi-font-family: 'Times New =
Roman'">STOCK=20
PRICE BETWEEN $10 AND $60</SPAN></FONT></FONT></DIV>
<DIV><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: 'Courier New'; =
mso-bidi-font-size: 12.0pt; mso-bidi-font-family: 'Times New =
Roman'"></SPAN><FONT=20
face=3D"Comic Sans MS"><FONT size=3D4><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: 'Courier New'; =
mso-bidi-font-size: 12.0pt; mso-bidi-font-family: 'Times New =
Roman'">ii.<SPAN=20
style=3D"FONT: 7pt 'Times New =
Roman'">  =
;=20
</SPAN></SPAN><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: 'Courier New'; =
mso-bidi-font-size: 12.0pt; mso-bidi-font-family: 'Times New =
Roman'">AVERAGE=20
VOLUME >=3D 400,000 shares per day</SPAN></FONT></FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS"><FONT size=3D4><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: 'Courier New'; =
mso-bidi-font-size: 12.0pt; mso-bidi-font-family: 'Times New =
Roman'">iii.<SPAN=20
style=3D"FONT: 7pt 'Times New =
Roman'"> =20
</SPAN></SPAN><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: 'Courier New'; =
mso-bidi-font-size: 12.0pt; mso-bidi-font-family: 'Times New =
Roman'">TIMELINESS=20
=3D A</SPAN></FONT></FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS"><FONT size=3D4><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: 'Courier New'; =
mso-bidi-font-size: 12.0pt; mso-bidi-font-family: 'Times New =
Roman'">iv.<SPAN=20
style=3D"FONT: 7pt 'Times New =
Roman'">  =
;=20
</SPAN></SPAN><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: 'Courier New'; =
mso-bidi-font-size: 12.0pt; mso-bidi-font-family: 'Times New =
Roman'">ACCUMULATION=20
=3D A or B</SPAN></FONT></FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS"><FONT size=3D4><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: 'Courier New'; =
mso-bidi-font-size: 12.0pt; mso-bidi-font-family: 'Times New =
Roman'">v.<SPAN=20
style=3D"FONT: 7pt 'Times New =
Roman'">  =
; =20
</SPAN></SPAN><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: 'Courier New'; =
mso-bidi-font-size: 12.0pt; mso-bidi-font-family: 'Times New Roman'">SMR =
RATING =3D 60-99 or (A/B)*</SPAN></FONT></FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS"><FONT size=3D4><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: 'Courier New'; =
mso-bidi-font-size: 12.0pt; mso-bidi-font-family: 'Times New =
Roman'">vi.<SPAN=20
style=3D"FONT: 7pt 'Times New =
Roman'">  =
;=20
</SPAN></SPAN><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: 'Courier New'; =
mso-bidi-font-size: 12.0pt; mso-bidi-font-family: 'Times New =
Roman'">GROUP=20
RATING =3D 60-99 or (A/B)*</SPAN></FONT></FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS"><FONT size=3D4><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: 'Courier New'; =
mso-bidi-font-size: 12.0pt; mso-bidi-font-family: 'Times New =
Roman'">vii.<SPAN=20
style=3D"FONT: 7pt 'Times New =
Roman'"> =20
</SPAN></SPAN><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: 'Courier New'; =
mso-bidi-font-size: 12.0pt; mso-bidi-font-family: 'Times New Roman'">RS=20
>=3D 79</SPAN></FONT></FONT></DIV>
<DIV><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: 'Courier New'; =
mso-bidi-font-size: 12.0pt; mso-bidi-font-family: 'Times New =
Roman'"></SPAN> </DIV>
<DIV>* Note: DGO in some reports will grade items as A,B,C etc. and in =
another=20
report will grade the same item numerically. A score of 60-79 =3D B and =
80-99=3DA. A=20
score of 60 or higher means that it is at least a rating of B.</DIV>
<DIV> </DIV>
<DIV><FONT face=3D"Comic Sans MS">He also uses Stockcharts and MA's to =
make the=20
final decision as to the candidates that move on to WT.</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT> </DIV>
<DIV><FONT face=3D"Comic Sans MS">Haven't seen any data that 'tells' me =
that using=20
fundamentals for intermediate or swing trading is bad!!! So ...even if =
using=20
them is nothing more than a placebo, they make me feel good, so =
why not=20
continue to use them... that's the easiest and most structured part of =
the=20
process.... chart reading by my definition being the most=20
difficult.</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT> </DIV>
<DIV><FONT face=3D"Comic Sans MS">K. what have you learned from this=20
banter?</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT> </DIV>
<DIV><FONT face=3D"Comic Sans MS">Gene</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT> </DIV>
<DIV> </DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT> </DIV>
<BLOCKQUOTE dir=3Dltr=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=3Dstkguru@netside.net href=3D"mailto:stkguru@netside.net">Tom =
Worley</A>=20
</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>=
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Sunday, December 16, 2001 =
7:24=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>
<DIV><FONT size=3D2>Gene,</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=3D2>It all depends on whether you have the time and =
stamina to=20
day trade, or you are trying to invest. If the former, go with =
WizeTrade. If=20
the latter, find something that works beyond a few hours or a few =
days.=20
</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=3D2>I have known a number of day traders over the =
years, and=20
none used fundies, most didn't even know what the company did for =
business.=20
Ignored sector or industry group, earnings (past or future), RS, etc. =
Several=20
didn't even really know how to read a chart, simply relied on current=20
momentum. The ones that did it professionally spent upwards of 10 =
hours a day=20
in front of their monitor(s). One had 7 different monitors and two TVs =
he=20
tried to watch continuously.</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"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=3Dgenr@swbell.net href=3D"mailto:genr@swbell.net">Gene =
Ricci</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 5:23=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>
<DIV>
<DIV><FONT face=3D"Comic Sans MS">K, thanks for the=20
clarification.</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT> </DIV>
<DIV><FONT face=3D"Comic Sans MS">A couple of weeks ago I would have =
said 'no=20
fundamentals... are you kidding me'. </FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT> </DIV>
<DIV><FONT face=3D"Comic Sans MS">I've had several discussions over =
the past=20
2-3 weeks and as recently as last Thursday, I was told to think 'out =
of the=20
box' by a VP at WizeTrade. </FONT><FONT=20
face=3D"Comic Sans MS">I signed up for their 30-day =
trial (week=20
ago) and was in his office 'showing' him the shortcomings of his =
system. He=20
showed me a sign that said... price is determined by buyers and =
sellers. He=20
went on to say that all I had to do was to look at the Green =
(buy) and=20
Red (sell) indicators.... green means more buyers than sellers and =
red more=20
sellers than buyers. The program has charts.... felt better when I =
found=20
that out.... turns out the charts were just time intervals intraday, =
day,=20
week, month.... the lines on the chart were green and red. When the =
green=20
crossed up over red, time to buy.... when red over green =
it's time to=20
sell. </FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT> </DIV>
<DIV><FONT face=3D"Comic Sans MS">From WizeTrade home page or=20
links.</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT> </DIV>
<DIV> <FONT face=3DArial color=3D#330099 size=3D2><EM>The green =
line and the=20
red line are summation formulas and not price lines or=20
graphs</EM></FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT> </DIV>
<DIV>
<TABLE cellSpacing=3D0 cellPadding=3D2 width=3D"100%" border=3D0>
<TBODY>
<TR vAlign=3Dtop>
<TD align=3Dleft width=3D"98%"><FONT face=3D"Arial, Helvetica, =
sans-serif"=20
color=3D#330099 size=3D2><EM>"No, Wizetrade™ is not =
based on "moving=20
averages." Wizetrade™ uses seven key technical =
indicators to perform=20
its complex "real-time" calculations at the rate of 800-1500=20
calculations per second. The seven key indicators are the =
previous=20
day's closing price, the current day's opening price, high, =
low, every=20
up tick, every down tick - which are then exponentially =
weighted to=20
volume."</EM></FONT></TD></TR></TBODY></TABLE>
<P><FONT face=3D"Comic Sans MS">How can this system work, no =
fundamentals,=20
stochastic, MACD, candlesticks, CANSLIM, etc.?? They seem to take =
pride in=20
buying companies that they don't know much about or what the symbol =
stands=20
for.... they do take pride in the fact that their software tells =
them=20
immediately when there are more buyers than sellers, etc. .... =
BTW,=20
they signaled to get out of ENE at 80+.</FONT></P></DIV>
<DIV><FONT face=3D"Comic Sans MS">I was told that fundamentals were =
nothing=20
more than a time waster and a poor placebo (in a nice way). =
</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT> </DIV>
<DIV><FONT face=3D"Comic Sans MS">I'm interested in =
learning 'the truth'.=20
Certainly would be nice to quit looking at fundamentals and all that =
research as well as spending money on DGO/IBD.... etc. WizeTrade =
also=20
eliminates the need to track or know anything about sector =
rotation....=20
their buyers and sellers tell them all that.</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT> </DIV>
<DIV><FONT face=3D"Comic Sans MS">Is it possible that I've been =
wasting my=20
time looking for data to support what I call a good =
company?</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT> </DIV>
<DIV><FONT face=3D"Comic Sans MS">Naw, can't be!</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT> </DIV>
<DIV><FONT face=3D"Comic Sans MS">Guess I'll just have to try to =
understand=20
how and if their system works.... over the holidays. </FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT> </DIV>
<DIV><FONT face=3D"Comic Sans MS">Disclaimer: I don't work for them =
and until=20
my trial is over, I'm not even a customer.</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS">Gene</FONT></DIV></DIV>
<BLOCKQUOTE dir=3Dltr=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=3Dkmalm@earthlink.net =
href=3D"mailto:kmalm@earthlink.net">Katherine=20
Malm</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
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 2:55=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>
<DIV><FONT face=3DArial size=3D2>That would mean any selection =
criteria that=20
depended on something other than price/volume/volatility technical =
indicators.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>Katherine</FONT></DIV>
<BLOCKQUOTE dir=3Dltr=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=3Dgenr@swbell.net href=3D"mailto:genr@swbell.net">Gene =
Ricci</A>=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
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=20
3:14 PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
Point of=20
View: Why bother with fundamentals?</DIV>
<DIV><BR></DIV>
<DIV><FONT face=3D"Comic Sans MS">Please define "any sort of =
fundamental=20
analysis"... </FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT> </DIV>
<DIV><FONT face=3D"Comic Sans MS">Thanks,</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS">Gene</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT> </DIV>
<BLOCKQUOTE dir=3Dltr=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=3Dkmalm@earthlink.net=20
href=3D"mailto:kmalm@earthlink.net">Katherine Malm</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
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=20
10:12 AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] =
Point of View:=20
Why 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> </DIV></FONT>
<DIV><FONT face=3DArial size=3D2>If a typical =
CANSLIM/Intermediate term=20
move in a stock lasts only a few weeks, and in good markets, =
only a=20
few months, why bother selecting portfolio candidates using =
any sort=20
of fundamental analysis? Returns in this time period are =
strictly=20
based on price movement and can be maximized based on =
technical=20
indicators and price/volume action alone.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>Thoughts =
pro/con?</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial=20
=
size=3D2>Katherine</DIV></FONT></FONT></DIV></BLOCKQUOTE></BLOCKQUOTE></B=
LOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
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