Go to Jeff Salisbury LWGate Home Page.From: Andreas Himmelreich <judgejimmy@web.de>
Subject: AW: [CANSLIM] market direction
Date: Sun, 13 Jan 2002 23:26:35 +0100
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Here the interview with David Ryan, a Market Wizard trained by Oneil (Market Wizzards, Jack D. Schwager) --> Schwager: "The screens you have described in selecting stocks are essentially ONeils CANSLIM methodology. Did you add any of your own elements to his approach?" Ryan: "Yes, I learned that most of our greatest winning recommendations startet off with prices unter thirty times earnings. ONeil says the P/E ration is not important. I think it is, in that your succes ratio is a lot higher on lower P/E ratio stocks." Schwager: "But I guess not too low P/E Ratios?" Ryan: When I am talking about lower PE ratio stocks, I mean stocks that have a PE ratio that is between even and up to two times the S&P 500 PE ratio .... .... Once you start going much beyond double the S&P 500 PE ratio level, your timing needs to be more exact. You are bound to make a few more mistakes on higher PE ratio stocks.. Schwager "Do you therefore avoid high P/E ratio stocks?" Ryan: "Yes, in many cases I do. The most profitable situation is wen you find a stock with a strong earnings trend that is trading at a PE ratio in line with the broad market ratio. Schwager: "If you avoid high PE ratio stocks, wouldnt that have prevented you from catching the whole biomedical group move? Ryan: That was a litle different because of the fact that the whole group was trading at high P/E Ratios. Page 250 and 251. ________________________________________________________________________ ________________ Boucher has an even stricter screen on value and growth at the same time AND he says the same like Ryan --> the exeption is, if a whole industry has a higher PE (Same applies for Dept). > -----Ursprungliche Nachricht----- > Von: rolf hertenstein [SMTP:rolfh@mindspring.com] > Gesendet am: Sunday, January 13, 2002 7:14 PM > An: canslim@lists.xmission.com > Betreff: Re: [CANSLIM] market direction > > 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!? > > > > > Send FREE video emails in Yahoo! Mail! > > > > > http://promo.yahoo.com/videomail/ > > > > > > > > > > - > > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > > -In the email body, write "subscribe canslim" or > > > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > > > > > > - > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > -In the email body, write "subscribe canslim" or > > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
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