Re: [CANSLIM] market direction

From: "rolf hertenstein" <rolfh@mindspring.com>
Subject: Re: [CANSLIM] market direction
Date: Sun, 13 Jan 2002 19:00:52 -0700

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Thanks all for responses. This makes comfortable sense qualitatively.  I
tried
to put the CANSLIM 121% PE rule that Katherine mentioned in the context of
a current PE to projected EPS growth (PEG) ratio but failed.  The 121% rule
doesn't seem to take into account projected EPS growth unless it's buried in
there somewhere - I should look in the morning when I'm fresh (i.e.,
COFFEE).
The simple (ahhhh) rule of thumb that PEG > 1 indicates over-valuation
always
appealed to me - not sure WON quantifies projected PE and anticipated EPS
growth.

 Rolf

P.S. I now own but haven't yet read WON's 24 lessons - maybe his version
of PEG's in there.

- ----- Original Message -----
From: "Tom Worley" <stkguru@netside.net>
To: <canslim@lists.xmission.com>
Sent: Sunday, January 13, 2002 1:54 PM
Subject: Re: [CANSLIM] market direction


> 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!?
> > > > Send FREE video emails in Yahoo! Mail!
> > > > http://promo.yahoo.com/videomail/
> > > >
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