Re: [CANSLIM] market direction

From: "Ann" <annholly@mediaone.net>
Subject: Re: [CANSLIM] market direction
Date: Sun, 13 Jan 2002 19:25:11 -0500
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Thanks, Andreas. I actually read that book, but I'm not sure how much I
absorbed! This is very helpful, and you had summarized this well, before.

- ----- Original Message -----
From: "Andreas Himmelreich" <judgejimmy@web.de>
To: <canslim@lists.xmission.com>
Sent: Sunday, January 13, 2002 5:26 PM
Subject: AW: [CANSLIM] market direction


: 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/
: > > > > >
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