Re: [CANSLIM] Devil's Advocate: Why bother with fundamentals?

From: Ian <ianstm@shaw.ca>
Subject: Re: [CANSLIM] Devil's Advocate: Why bother with fundamentals?
Date: Wed, 19 Dec 2001 09:53:39 -0800

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I disagree with the premise. I am finding moves last 4-8 months, and often go up 100-300 % in that time frame. The ones with the strongest moves, when breaking out from clear bases, are the ones with great fundamentals and the largest change in ADV.

Ian


  ----- Original Message ----- 
  From: Katherine Malm 
  To: canslim@lists.xmission.com 
  Sent: Sunday, December 16, 2001 5:26 AM
  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
   

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<DIV><FONT size=2>I disagree with the premise. I am finding moves last 4-8 
months, and often go up 100-300 % in that time frame. The ones with the 
strongest moves, when breaking out from clear bases, are the ones with great 
fundamentals and the largest change in ADV.</FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV><FONT size=2>Ian</FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV>&nbsp;</DIV>
<BLOCKQUOTE 
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
  <DIV style="FONT: 10pt arial">----- Original Message ----- </DIV>
  <DIV 
  style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B> 
  <A href="mailto:kmalm@earthlink.net" title=kmalm@earthlink.net>Katherine 
  Malm</A> </DIV>
  <DIV style="FONT: 10pt arial"><B>To:</B> <A 
  href="mailto:canslim@lists.xmission.com" 
  title=canslim@lists.xmission.com>canslim@lists.xmission.com</A> </DIV>
  <DIV style="FONT: 10pt arial"><B>Sent:</B> Sunday, December 16, 2001 5:26 
  AM</DIV>
  <DIV style="FONT: 10pt arial"><B>Subject:</B> [CANSLIM] Devil's Advocate: Why 
  bother with fundamentals?</DIV>
  <DIV><BR></DIV>
  <DIV style="FONT: 10pt arial">
  <DIV><FONT face=Arial size=2>Proposed:<BR></FONT></DIV>
  <DIV><FONT face=Arial size=2>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.</FONT></DIV>
  <DIV><FONT face=Arial size=2></FONT>&nbsp;</DIV>
  <DIV><FONT face=Arial size=2>Thoughts pro/con?</FONT></DIV>
  <DIV><FONT face=Arial size=2></FONT>&nbsp;</DIV>
  <DIV><FONT face=Arial size=2>Katherine</DIV></FONT></DIV>
  <DIV><FONT face=Arial size=2></FONT>&nbsp;</DIV></BLOCKQUOTE></BODY></HTML>

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