Re: [CANSLIM] market direction

From: "Tom Worley" <stkguru@netside.net>
Subject: Re: [CANSLIM] market direction
Date: Sun, 13 Jan 2002 15:54:22 -0500

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One minor but important correction, Rolfh, WON doesn't care about trailing
PE ratios, but cares very much about projected PE ratios.  A high projected
PE won't worry him if it reflects an expectation of strong earnings growth
going forward.

Tom Worley
stkguru@netside.net
AIM: TexWorley
- ----- Original Message -----
From: "rolf hertenstein" <rolfh@mindspring.com>
To: <canslim@lists.xmission.com>
Sent: Sunday, January 13, 2002 11:54 AM
Subject: 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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> > >
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