Re: [CANSLIM] market direction

From: "rolf hertenstein" <rolfh@mindspring.com>
Subject: Re: [CANSLIM] market direction
Date: Sun, 13 Jan 2002 11:14:10 -0700

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Nothing to be sorry about!  I'm here to learn from people's opinions.

My take on 'value and/or growth' (from Ann's question).  I always thought
of growth as growth in earnings, sales, etc.  So the trick is to find low
P/E
stocks with fast growth, which is the same as the low PEG ratio someone
else mentioned.  WON worry about growth and not P/E - not sure I ever
bought that concept completely, especially now.

 Rolf

>
> 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!?
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