Go to Jeff Salisbury LWGate Home Page.From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Re: [CANSLIM] Devil's Advocate: Why bother with fundamentals?
Date: Tue, 18 Dec 2001 23:55:46 -0600
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This is a multi-part message in MIME format. - ------=_NextPart_000_0123_01C1881F.82FF07C0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi John, Good point. I have a whole list of things like this. One a week or so = could keep us busy for years! Katherine ----- Original Message -----=20 From: John Kruger=20 To: canslim@lists.xmission.com=20 Sent: Tuesday, December 18, 2001 11:01 PM Subject: RE: [CANSLIM] Devil's Advocate: Why bother with fundamentals? If you want to play Devil's Advocate, let me suggest attacking = "Fundamental Analysis" more directly. The "Fundamentals" that are = "Analyzed" are made up of two kinds of data, historical data from the = past and guesses about the future. If you believe in historical data, I = give you Enron. If you believe in guesses about the future, I give you = the entire dot-com industry. Needless to say, doing advanced mathematics = on bad numbers will not give one improved results. John -----Original = Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm = Sent: Sunday, December 16, 2001 5:27 AM To: canslim@lists.xmission.com = Subject: [CANSLIM] Devil's Advocate: 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=20 - -------------------------------------------------------------------------= - ----- Do You Yahoo!? Check out Yahoo! Shopping and Yahoo! Auctions for all of your holiday = gifts! - ------=_NextPart_000_0123_01C1881F.82FF07C0 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 http-equiv=3DContent-Type content=3D"text/html; = charset=3Diso-8859-1"> <META content=3D"MSHTML 5.50.4611.1300" name=3DGENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=3D#ffffff> <DIV><FONT face=3DArial size=3D2>Hi John,</FONT></DIV> <DIV><FONT face=3DArial size=3D2></FONT> </DIV> <DIV><FONT face=3DArial size=3D2>Good point. I have a whole list of = things like=20 this. One a week or so could keep us busy for years!</FONT></DIV> <DIV><FONT face=3DArial size=3D2></FONT> </DIV> <DIV><FONT face=3DArial size=3D2>Katherine</FONT></DIV> <DIV><FONT face=3DArial size=3D2></FONT> </DIV> <DIV><FONT face=3DArial size=3D2></FONT> </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=3Djokguger@yahoo.com href=3D"mailto:jokguger@yahoo.com">John = Kruger</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> Tuesday, December 18, = 2001 11:01=20 PM</DIV> <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> RE: [CANSLIM] Devil's = Advocate:=20 Why bother with fundamentals?</DIV> <DIV><BR></DIV>If you want to play Devil's Advocate, let me suggest = attacking=20 "Fundamental Analysis" more directly. The "Fundamentals" that are = "Analyzed"=20 are made up of two kinds of data, historical data from the past and = guesses=20 about the future. If you believe in historical data, I give you Enron. = If you=20 believe in guesses about the future, I give you the entire dot-com = industry.=20 Needless to say, doing advanced mathematics on bad numbers will not = give one=20 improved results. John -----Original Message----- From:=20 owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]On=20 Behalf Of Katherine Malm Sent: Sunday, December 16, 2001 5:27 AM To:=20 canslim@lists.xmission.com Subject: [CANSLIM] Devil's Advocate: Why = bother=20 with fundamentals? Proposed: If a typical CANSLIM/Intermediate term = move in a=20 stock lasts only a few weeks, and in good markets, only a few months, = why=20 bother selecting portfolio candidates using any sort of fundamental = analysis?=20 Returns in this time period are strictly based on price movement and = can be=20 maximized based on technical indicators and price/volume action alone. = Thoughts pro/con? Katherine=20 <P><BR> <HR SIZE=3D1> <B>Do You Yahoo!?</B><BR>Check out <A=20 = href=3D"http://rd.yahoo.com/O=3D1/I=3Dmail/footer/*http://shopping.yahoo.= com">Yahoo!=20 Shopping</A> and <A=20 = href=3D"http://rd.yahoo.com/O=3D1/I=3Dmail/footer/*http://auctions.yahoo.= com">Yahoo!=20 Auctions</A> for all of your holiday gifts!</BLOCKQUOTE></BODY></HTML> - ------=_NextPart_000_0123_01C1881F.82FF07C0-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
Next Article (by Subject): Re: [CANSLIM] Point of View: Why bother with fundamentals? "Al French"
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