Re: [CANSLIM] CANSLIM alternatives

From: "Tom Worley" <stkguru@netside.net>
Subject: Re: [CANSLIM] CANSLIM alternatives
Date: Mon, 7 Jan 2002 23:38:04 -0500

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Hi Treb,

Beauty is in the eye of the beholder, so cannot agree that "the past few
months hasn't been a good one". My VR Fund did poorly in the competition, up
only 21% for the fourth quarter. But if you had spent most of 2001 in cash,
as "M" was telling you, then the 4th qtr alone could give a decent return
for the year, certainly much better than a money market. During this
quarter, my IRA mostly stagnated, but still finished the year up 76%, a most
acceptable return, even if short of my goal, for a lousy year otherwise.

During 1999 and 2000, my IRA did comparatively poor, largely due my almost
total neglect of it. Very few trades, very little time watching the market
due the demands and constraints of my day job. During 2001, I gave up some
sleep, and put more time into my investment management, and it paid off.

Being right in investing is usually little more than being in the right
stocks (or sector) at the right time. Today, every index was down, my VR
fund was up 1.5%, and my IRA up nearly 5%. I could sell both right now, and
still be better off than a money market for the entire year. Daily access to
the net, and the markets, is nice, but not essential. A lot of investors do
nothing except on the weekend. They don't check stock prices, they don't
make trades, nor do they make any buy / sell / hold decisions. That is all
done on the weekend, using a longer term perspective.

CANSLIM, for me, is about investing, not trading. While it's important to
enter a stock at the right point, it's more important to enter the right
stock. I choose to buy stocks while they are still basing, counting on my
patience and an eventual break out. If I don't get it, I can usually exit
with minor losses. I am also a fundamentalist, I buy earnings growth.
Several of my stocks in my VR fund, for example, were down 40% or more (TTIL
being the best example) before turning into a major winner. I averaged down
on a few, and held more, because I believed in their fundies.

Perhaps the best solution for you for the next few months is use the time to
paper trade. Keep your powder dry until you have the time to feel
comfortable about being in the market, and the time you have to spend on it.
Or limit your investing to a small portion of your capital. Keeps you
involved without full risk. I buy small caps with little or no institutional
interest, that tends to mean, tho not guarantee, less volatility and more
focus on fundies. But that helped me survive two years of neglect, and still
have something left to show for it.

Good luck,

Tom Worley
stkguru@netside.net
AIM: TexWorley
- ----- Original Message -----
From: "Treb Courie" <list@courie.com>
To: <canslim@lists.xmission.com>
Sent: Monday, January 07, 2002 10:48 PM
Subject: [CANSLIM] CANSLIM alternatives


> I am a novice CANSLIMmer and have learned a lot from this list.
> Unfortunately, as we all know, the market over the past few months hasn't
> been a good one, so learning CANSLIM has been difficult.
>
> Now I've got another obstacle--I'm not going to have as much access to the
> internet over the next couple of months.  I will be lucky to check my
stocks
> every couple of days--probably only on weekends.
>
> Does anyone know how I should try to invest in this situation, using as
much
> CANSLIM as possible?  Should I just look for highly-rated stocks and maybe
> try to buy them in LLURs?  I know that some people here, like Tom Worley,
> buy in the base more than WON advocates.  How do you decide when to buy in
> the bases, and which stocks to buy before they breakout?
>
> Thanks for any advice out there.
>
> v/r
> Treb Courie
>
>
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