Re: [CANSLIM] market direction/EFTs

From: "Ann" <annholly@mediaone.net>
Subject: Re: [CANSLIM] market direction/EFTs
Date: Sun, 13 Jan 2002 13:05:37 -0500
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Thanks for your response, Andreas. I think I see what you are saying.
I invested in a SmallCap EFT recently, and was wondering whether I should
have!
- ----- Original Message -----
From: "Andreas Himmelreich" <judgejimmy@web.de>
To: <canslim@lists.xmission.com>
Sent: Sunday, January 13, 2002 12:27 PM
Subject: AW: [CANSLIM] market direction


: You do not have to buy stocks with high PEs. Just go into value and growth
and
: let the BOs of ultra High PE stocks fail.
:
: David Ryan says in Market Wizards that the PE (or the Value) is important
(even Won does not say it) for
: the probabillity of a good breakout.
:
: I do belive that the market right now differenciates, its not a nutty bull
market like in the 90s where
: everything went up, no matter its fundamentals (in some stages of the bull
market).
:
: But the market is not so bad, that it sends down all stocks, it
differenciates, thats all...
:
: I do actually not care about the market direction too much. The only
question that is interesting:
: Is there an area which is profitable? (so far only on the long side) There
where 100000s of long chances even in 2000 and 2001.
:
: Are there Industry Groups that set up a bull market for its member stocks?
If yes, money is around the corner. Pick it up and ride it.
: Just look at stuff like TARO, MDCI, AHMH, BZH in 2001...
:
: December was pretty much flat on the Indexes, but it was a great month for
a lot of canslim stocks.
:
: I acutally would like it if the Nasdaq would be still on 2000 Points at
the end of the year, as long
: fundamentally sound stocks go up and grap goes down.
:
: The only moment you have to be aware of is the moment gets so bad, that
nothing works, every Industry Group
: goes down pricewise, everything rolls over, no matter how good the
fundamentals of the stocks. Then and only then
: it is time to get flat. In 2001 that was from August to the beginning of
October.
:
: Sorry to be so opinionated.
:
: Andreas
:
:
: > -----Ursprungliche Nachricht-----
: > Von: rolf hertenstein [SMTP:rolfh@mindspring.com]
: > Gesendet am: Sunday, January 13, 2002 5:54 PM
: > An: canslim@lists.xmission.com
: > Betreff: Re: [CANSLIM] market direction
: >
: > I'm still concerned about the overall market valuation, which remains
high.
: > Yes, as earnings improve, market P/Es should lower, assuming prices
: > don't accelerate faster than earnings improve.
: >
: > Even though WON gives little credence to P/Es, I'm adding a P
: > (CANSLIMP ?) for the time being.  I think many investors will be spooked
: > by high P/Es (e.g., KKD) and tend towards solid companies with
relatively
: > low P/Es.  Just one new investor's opinion.
: >
: >  Rolf
: >
: > ----- Original Message -----
: > From: "Dan Forant" <dforant1@nycap.rr.com>
: > To: <canslim@lists.xmission.com>
: > Sent: Sunday, January 13, 2002 9:31 AM
: > Subject: Re: [CANSLIM] market direction
: >
: >
: > > I have been saying all along this is going to be a sloooooooowwwww,
: > > recovery. Well into the year. All we have to do is *read* the news. I
: > listen
: > > to a local analyst here named Larry King, he's with Smith Barney. A
few
: > > weeks ago he was calling for a quick market return. Just Friday he
changed
: > > course and now calls for growth but very slow. Analysts jobs from
: > brokerage
: > > houses are to soften the tone of bad news. They can even make it sound
: > good.
: > > Sure there are stocks out there that the savvy trader may pick, but on
: > > average not. It takes months to years for rate and tax cuts to filter
into
: > > the economy.
: > >
: > > DanF
: > >
: > >
: > > ----- Original Message -----
: > > From: "Kent Norman" <kent_norman@yahoo.com>
: > > To: "CANSLIM" <canslim@xmission.com>
: > > Sent: Sunday, January 13, 2002 10:11 AM
: > > Subject: [CANSLIM] market direction
: > >
: > >
: > > > Many "experts" are expecting the market to follow
: > > > tradition and rise in January and go flat to down for
: > > > a few months. Do you think this weeks 5 down days are
: > > > meaningful?
: > > >
: > > > I know WON says we don't need to be concerned with
: > > > where the market is heading, just where it is.
: > > >
: > > > So where is it? Is the party over? Should we all get
: > > > out of the pool?
: > > >
: > > > Kent Norman
: > > >
: > > >
: > > > =====
: > > > Opportunities always look bigger going than coming.
: > > >
: > > > __________________________________________________
: > > > Do You Yahoo!?
: > > > Send FREE video emails in Yahoo! Mail!
: > > > http://promo.yahoo.com/videomail/
: > > >
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