Go to Jeff Salisbury LWGate Home Page.From: "John Adair" <xjadair@brightok.net>
Subject: RE: [CANSLIM]earnings reporting
Date: Tue, 15 Jan 2002 21:55:25 -0600
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I assume everyone uses earnings reports as a basic tool for evaluating a
stock . Furthermore a stock =91s relative strength is derived mostly from=
that
earnings report. We have all heard about Enron. This morning I read Doll=
ar
General found a $100,000,000 =93error =93in their earnings report which w=
ould
have changed their earnings from $.55 to $.65/ share . In the same local
paper Sunbeam also reported a similar =93error=94. I am of the opinion it=
s time
to become a squeaky wheel with our elected representatives. I know there
will be hearings but likely no significant lasting changes unless it is
demanded by the investing public. It is time to criminalize as well as
penalize with punitive damages all misleading and erroneous accounting
activity with the accountant as well as the board of directors and operat=
ing
officers of the offending firm.
Lets let all of our elected representatives know just how big the investi=
ng
community is. This is not a republican or democrat or a campaign
contribution issue but an integrity in reporting of accounting issue. Won=
t
you join me in contacting your elected representatives.
Sincerely
John R. Adair, M.D. Ret.
- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm
Sent: Tuesday, January 15, 2002 9:04 AM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] market direction/EFTs
Sorry, that was a typo...It should have read 3/21/00 and should read (465
days). Thanks for pointing that out.
Katherine
- ----- Original Message -----
From: Gyorgy Veszpremi <mailto:GyorgyV@rcmachine.com>
To: canslim@lists.xmission.com <mailto:canslim@lists.xmission.com>
Sent: Tuesday, January 15, 2002 9:01 AM
Subject: Re: [CANSLIM] market direction/EFTs
Actually the bull market top was in March of 2000.
Katherine Malm wrote:
Here's a good way to look at the relative performance of the markets sinc=
e
key dates: I like to see these in bar chart view, but you can use line
charts as well, as both are available: Look at comparisons from key dates=
to
Friday's close (1/11/02): Bull market top: 3/21/2001 (202 days)Latest mar=
ket
peak: 5/21/2001 (160 days)Follow-thru day: 9/28/2001 (73 days) This will
give you a comparison between Russell 2000 (small cap), MidCap, Large Cap=
,
Naz100 (large cap tech), Dow and total market proxies:
http://stockcharts.com/webcgi/wb.exe?Perf.web+IWM,MDY,QQQ,DIA,IYYThere is=
a
bar at the bottom of the chart that you can stretch to the days right and
left that you want to consider once the chart is built. Roll your cursor
over the chart and the key information for each index will pop up. This w=
ill
give you a comparison between styles Sm Cap Growth, Mid Cap Growth, Lg Ca=
p
Growth,Sm Cap Val, Mid Cap Val, Lg Cap Val. Again, run these from the key
date until today and you will be able to make your own conclusions about
growth/value.
http://stockcharts.com/webcgi/wb.exe?Perf.web+IJT,IJK,IVW,IJS,IJJ,IVE For=
a
more general comparison between growth, value, total market, try:
http://stockcharts.com/webcgi/wb.exe?Perf.web+IWZ,IWW,IYY Katherine
- ----- Original Message -----
From: Ann <mailto:annholly@mediaone.net>
To: canslim@lists.xmission.com <mailto:canslim@lists.xmission.com>
Sent: Sunday, January 13, 2002 12:05 PM
Subject: Re: [CANSLIM] market direction/EFTs
Thanks for your response, Andreas. I think I see what you are saying.
I invested in a SmallCap EFT recently, and was wondering whether I should
have!
- ----- Original Message -----
From: "Andreas Himmelreich" < judgejimmy@web.de <mailto:judgejimmy@web.de=
> >
To: < canslim@lists.xmission.com <mailto:canslim@lists.xmission.com> >
Sent: Sunday, January 13, 2002 12:27 PM
Subject: AW: [CANSLIM] market direction
: You do not have to buy stocks with high PEs. Just go into value and gro=
wth
and
: let the BOs of ultra High PE stocks fail.
:
: David Ryan says in Market Wizards that the PE (or the Value) is importa=
nt
(even Won does not say it) for
: the probabillity of a good breakout.
:
: I do belive that the market right now differenciates, its not a nutty b=
ull
market like in the 90s where
: everything went up, no matter its fundamentals (in some stages of the b=
ull
market).
:
: But the market is not so bad, that it sends down all stocks, it
differenciates, thats all...
:
: I do actually not care about the market direction too much. The only
question that is interesting:
: Is there an area which is profitable? (so far only on the long side) Th=
ere
where 100000s of long chances even in 2000 and 2001.
:
: Are there Industry Groups that set up a bull market for its member stoc=
ks?
If yes, money is around the corner. Pick it up and ride it.
: Just look at stuff like TARO, MDCI, AHMH, BZH in 2001...
:
: December was pretty much flat on the Indexes, but it was a great month =
for
a lot of canslim stocks.
:
: I acutally would like it if the Nasdaq would be still on 2000 Points at
the end of the year, as long
: fundamentally sound stocks go up and grap goes down.
:
: The only moment you have to be aware of is the moment gets so bad, that
nothing works, every Industry Group
: goes down pricewise, everything rolls over, no matter how good the
fundamentals of the stocks. Then and only then
: it is time to get flat. In 2001 that was from August to the beginning o=
f
October.
:
: 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 <mailto: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 spoo=
ked
: > 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
<mailto:dforant1@nycap.rr.com> >
: > To: < canslim@lists.xmission.com <mailto: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 so=
und
: > 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 filt=
er
into
: > > the economy.
: > >
: > > DanF
: > >
: > >
: > > ----- Original Message -----
: > > From: "Kent Norman" < kent_norman@yahoo.com
<mailto:kent_norman@yahoo.com> >
: > > To: "CANSLIM" < canslim@xmission.com <mailto: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
: > > >
: > > >
: > > > =3D=3D=3D=3D=3D
: > > > 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
<mailto: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
<mailto: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
<mailto: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
<mailto: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
<mailto:majordomo@xmission.com> "
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim". Do not use quotes in your email.
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<div class=3DSection1>
<p class=3DMsoNormal><span class=3DEmailStyle18><font size=3D2 =
color=3Dnavy face=3DArial><span
style=3D'font-size:10.0pt;mso-bidi-font-size:12.0pt;font-family:Arial'>I =
assume
everyone uses earnings reports as a basic tool for evaluating a stock .
Furthermore a stock ‘s relative strength is derived mostly from =
that earnings
report. We <span style=3D"mso-spacerun: yes"> </span>have all heard =
about Enron.
This morning I read Dollar General found a $100,000,000 “error =
“in their
earnings report which would have changed their earnings from $.55 to =
$.65/
share . In the same local paper Sunbeam also reported a similar =
“error”. I am
of the opinion its time to become a squeaky wheel with our elected
representatives. I know there will be hearings but likely no significant =
lasting
changes unless it is demanded by the investing public. It is time to
criminalize as well as penalize with punitive <span =
style=3D"mso-spacerun:
yes"> </span>damages all misleading and erroneous accounting =
activity with
the accountant as well as the board of directors and operating officers =
of the
offending firm.<o:p></o:p></span></font></span></p>
<p class=3DMsoNormal><span class=3DEmailStyle18><font size=3D2 =
color=3Dnavy face=3DArial><span
style=3D'font-size:10.0pt;mso-bidi-font-size:12.0pt;font-family:Arial'>Le=
ts let
all of our elected representatives know just how big the investing =
community is.
This is not a republican or democrat or a campaign contribution issue =
but an
integrity in reporting of accounting issue. Wont you join me in =
contacting your
elected representatives.<o:p></o:p></span></font></span></p>
<p class=3DMsoNormal><span class=3DEmailStyle18><font size=3D2 =
color=3Dnavy face=3DArial><span
style=3D'font-size:10.0pt;mso-bidi-font-size:12.0pt;font-family:Arial'>Si=
ncerely <o:p></o:p></span></font></span></p>
<p class=3DMsoNormal><span class=3DEmailStyle18><font size=3D2 =
color=3Dnavy face=3DArial><span
style=3D'font-size:10.0pt;mso-bidi-font-size:12.0pt;font-family:Arial'>Jo=
hn R. Adair,
M.D. Ret.<o:p></o:p></span></font></span></p>
<p class=3DMsoNormal><span class=3DEmailStyle18><font size=3D2 =
color=3Dnavy face=3DArial><span
style=3D'font-size:10.0pt;mso-bidi-font-size:12.0pt;font-family:Arial'><!=
[if =
!supportEmptyParas]> <![endif]><o:p></o:p></span></font></span></p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
color=3Dblack
face=3DTahoma><span =
style=3D'font-size:10.0pt;font-family:Tahoma;color:black'>-----Original
Message-----<br>
<b><span style=3D'font-weight:bold'>From:</span></b>
owner-canslim@lists.xmission.com =
[mailto:owner-canslim@lists.xmission.com]<b><span
style=3D'font-weight:bold'>On Behalf Of </span></b>Katherine Malm<br>
<b><span style=3D'font-weight:bold'>Sent:</span></b> Tuesday, January =
15, 2002
9:04 AM<br>
<b><span style=3D'font-weight:bold'>To:</span></b> =
canslim@lists.xmission.com<br>
<b><span style=3D'font-weight:bold'>Subject:</span></b> Re: [CANSLIM] =
market
direction/EFTs</span></font></p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'><![if =
!supportEmptyParas]> <![endif]><o:p></o:p></span></font></p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
color=3Dblack
face=3D"Times New Roman"><span =
style=3D'font-size:12.0pt;color:black'>Sorry, that
was a typo...It should have read 3/21/00 and should read (465 days). =
Thanks for
pointing that out.</span></font><font color=3Dblack><span =
style=3D'color:black;
mso-color-alt:windowtext'><o:p></o:p></span></font></p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
color=3Dblack
face=3D"Times New Roman"><span =
style=3D'font-size:12.0pt;color:black'> </span></font><font
color=3Dblack><span =
style=3D'color:black;mso-color-alt:windowtext'><o:p></o:p></span></font><=
/p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
color=3Dblack
face=3D"Times New Roman"><span =
style=3D'font-size:12.0pt;color:black'>Katherine</span></font><font
color=3Dblack><span =
style=3D'color:black;mso-color-alt:windowtext'><o:p></o:p></span></font><=
/p>
<div style=3D'border:none;border-left:solid black 1.5pt;padding:0in 0in =
0in 4.0pt'>
<p class=3DMsoNormal =
style=3D'mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;
margin-left:39.75pt;border:none;mso-border-left-alt:solid black 1.5pt;
padding:0in;mso-padding-alt:0in 0in 0in 4.0pt'><font size=3D2 =
color=3Dblack
face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;color:black'>-----
Original Message ----- </span></font><font size=3D2 color=3Dblack =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;color:black;mso-color-alt:win=
dowtext'><o:p></o:p></span></font></p>
<p class=3DMsoNormal =
style=3D'mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;
margin-left:39.75pt;background:#E4E4E4;border:none;mso-border-left-alt:so=
lid black 1.5pt;
padding:0in;mso-padding-alt:0in 0in 0in 4.0pt'><b><font size=3D2 =
color=3Dblack
face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;color:black;
font-weight:bold'>
<div style=3D'font-color:black'>From:</span></font></b><font size=3D2 =
color=3Dblack
face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;color:black'> <a
href=3D"mailto:GyorgyV@rcmachine.com" =
title=3D"GyorgyV@rcmachine.com">Gyorgy
Veszpremi</a> </span></font></div>
<font size=3D2 color=3Dblack face=3DArial><span =
style=3D'font-size:10.0pt;font-family:
Arial;color:black;mso-color-alt:windowtext'><o:p></o:p></span></font></p>=
<p class=3DMsoNormal =
style=3D'mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;
margin-left:39.75pt;border:none;mso-border-left-alt:solid black 1.5pt;
padding:0in;mso-padding-alt:0in 0in 0in 4.0pt'><b><font size=3D2 =
color=3Dblack
face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;color:black;
font-weight:bold'>To:</span></font></b><font size=3D2 color=3Dblack =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;color:black'> <a
href=3D"mailto:canslim@lists.xmission.com" =
title=3D"canslim@lists.xmission.com">canslim@lists.xmission.com</a>
</span></font><font size=3D2 color=3Dblack face=3DArial><span =
style=3D'font-size:10.0pt;
font-family:Arial;color:black;mso-color-alt:windowtext'><o:p></o:p></span=
></font></p>
<p class=3DMsoNormal =
style=3D'mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;
margin-left:39.75pt;border:none;mso-border-left-alt:solid black 1.5pt;
padding:0in;mso-padding-alt:0in 0in 0in 4.0pt'><b><font size=3D2 =
color=3Dblack
face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;color:black;
font-weight:bold'>Sent:</span></font></b><font size=3D2 color=3Dblack =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;color:black'> Tuesday, =
January 15,
2002 9:01 AM</span></font><font size=3D2 color=3Dblack =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;color:black;mso-color-alt:win=
dowtext'><o:p></o:p></span></font></p>
<p class=3DMsoNormal =
style=3D'mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;
margin-left:39.75pt;border:none;mso-border-left-alt:solid black 1.5pt;
padding:0in;mso-padding-alt:0in 0in 0in 4.0pt'><b><font size=3D2 =
color=3Dblack
face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;color:black;
font-weight:bold'>Subject:</span></font></b><font size=3D2 color=3Dblack
face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;color:black'> Re:
[CANSLIM] market direction/EFTs</span></font><font size=3D2 =
color=3Dblack
face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;color:black;
mso-color-alt:windowtext'><o:p></o:p></span></font></p>
<p class=3DMsoNormal =
style=3D'mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;
margin-left:39.75pt;border:none;mso-border-left-alt:solid black 1.5pt;
padding:0in;mso-padding-alt:0in 0in 0in 4.0pt'><font size=3D3 =
color=3Dblack
face=3D"Times New Roman"><span =
style=3D'font-size:12.0pt;color:black'><![if =
!supportEmptyParas]> <![endif]></span></font><font
color=3Dblack><span =
style=3D'color:black;mso-color-alt:windowtext'><o:p></o:p></span></font><=
/p>
<p class=3DMsoNormal =
style=3D'mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;
margin-left:39.75pt;border:none;mso-border-left-alt:solid black 1.5pt;
padding:0in;mso-padding-alt:0in 0in 0in 4.0pt'><font size=3D3 =
color=3Dblack
face=3D"Times New Roman"><span =
style=3D'font-size:12.0pt;color:black'>Actually the
bull market top was in March of 2000. </span></font><font =
color=3Dblack><span
style=3D'color:black;mso-color-alt:windowtext'><o:p></o:p></span></font><=
/p>
<p style=3D'margin-left:39.75pt;border:none;mso-border-left-alt:solid =
black 1.5pt;
padding:0in;mso-padding-alt:0in 0in 0in 4.0pt'><font size=3D3 =
color=3Dblack
face=3D"Times New Roman"><span =
style=3D'font-size:12.0pt;color:black'>Katherine
Malm wrote: </span></font><font color=3Dblack><span =
style=3D'color:black;
mso-color-alt:windowtext'><o:p></o:p></span></font></p>
</div>
<div style=3D'border:none;border-left:solid black 1.5pt;padding:0in 0in =
0in 4.0pt'>
<p class=3DMsoNormal =
style=3D'margin-right:.5in;mso-margin-top-alt:auto;mso-margin-bottom-alt:=
auto;margin-left:75.75pt;border:none;mso-border-left-alt:solid black =
1.5pt;
padding:0in;mso-padding-alt:0in 0in 0in 4.0pt'><font size=3D3 =
color=3Dblack
face=3D"Times New Roman"><span =
style=3D'font-size:12.0pt;color:black'>Here's a good
way to look at the relative performance of the markets since key =
dates: I
like to see these in bar chart view, but you can use line charts as =
well, as
both are available: Look at comparisons from key dates to Friday's =
close
(1/11/02): Bull market top: 3/21/2001 (202 days)Latest market peak:
5/21/2001 (160 days)Follow-thru day: 9/28/2001 (73 days) This will =
give
you a comparison between Russell 2000 (small cap), MidCap, Large Cap, =
Naz100
(large cap tech), Dow and total market proxies:<a
href=3D"http://stockcharts.com/webcgi/wb.exe?Perf.web+IWM,MDY,QQQ,DIA,IYY=
">http://stockcharts.com/webcgi/wb.exe?Perf.web+IWM,MDY,QQQ,DIA,IYY</a>Th=
ere
is a bar at the bottom of the chart that you can stretch to the days =
right and
left that you want to consider once the chart is built. Roll your cursor =
over
the chart and the key information for each index will pop up. This =
will
give you a comparison between styles Sm Cap Growth, Mid Cap Growth, Lg =
Cap
Growth,Sm Cap Val, Mid Cap Val, Lg Cap Val. Again, run these from the =
key date
until today and you will be able to make your own conclusions about
growth/value.<a
href=3D"http://stockcharts.com/webcgi/wb.exe?Perf.web+IJT,IJK,IVW,IJS,IJJ=
,IVE">http://stockcharts.com/webcgi/wb.exe?Perf.web+IJT,IJK,IVW,IJS,IJJ,I=
VE</a> For
a more general comparison between growth, value, total market, try:<a
href=3D"http://stockcharts.com/webcgi/wb.exe?Perf.web+IWZ,IWW,IYY">http:/=
/stockcharts.com/webcgi/wb.exe?Perf.web+IWZ,IWW,IYY</a> Katherine
</span></font><font color=3Dblack><span =
style=3D'color:black;mso-color-alt:windowtext'><o:p></o:p></span></font><=
/p>
</div>
<div style=3D'border:none;border-left:solid black 1.5pt;padding:0in 0in =
0in 4.0pt'>
<p class=3DMsoNormal =
style=3D'margin-right:.5in;mso-margin-top-alt:auto;mso-margin-bottom-alt:=
auto;margin-left:79.5pt;border:none;mso-border-left-alt:solid black =
1.5pt;
padding:0in;mso-padding-alt:0in 0in 0in 4.0pt'><font size=3D2 =
color=3Dblack
face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;color:black'>-----
Original Message -----</span></font><font size=3D2 color=3Dblack =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;color:black;mso-color-alt:win=
dowtext'><o:p></o:p></span></font></p>
<p class=3DMsoNormal =
style=3D'margin-right:.5in;mso-margin-top-alt:auto;mso-margin-bottom-alt:=
auto;margin-left:79.5pt;background:#E4E4E4;border:none;mso-border-left-al=
t:
solid black 1.5pt;padding:0in;mso-padding-alt:0in 0in 0in =
4.0pt'><b><font
size=3D2 color=3Dblack face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;
color:black;font-weight:bold'>
<div style=3D'font-color:black'>From:</span></font></b><font size=3D2 =
color=3Dblack
face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;color:black'> <a
href=3D"mailto:annholly@mediaone.net" =
title=3D"annholly@mediaone.net">Ann</a></span></font></div>
<font size=3D2 color=3Dblack face=3DArial><span =
style=3D'font-size:10.0pt;font-family:
Arial;color:black;mso-color-alt:windowtext'><o:p></o:p></span></font></p>=
<p class=3DMsoNormal =
style=3D'margin-right:.5in;mso-margin-top-alt:auto;mso-margin-bottom-alt:=
auto;margin-left:79.5pt;border:none;mso-border-left-alt:solid black =
1.5pt;
padding:0in;mso-padding-alt:0in 0in 0in 4.0pt'><b><font size=3D2 =
color=3Dblack
face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;color:black;
font-weight:bold'>To:</span></font></b><font size=3D2 color=3Dblack =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;color:black'> <a
href=3D"mailto:canslim@lists.xmission.com" =
title=3D"canslim@lists.xmission.com">canslim@lists.xmission.com</a></span=
></font><font
size=3D2 color=3Dblack face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;
color:black;mso-color-alt:windowtext'><o:p></o:p></span></font></p>
<p class=3DMsoNormal =
style=3D'margin-right:.5in;mso-margin-top-alt:auto;mso-margin-bottom-alt:=
auto;margin-left:79.5pt;border:none;mso-border-left-alt:solid black =
1.5pt;
padding:0in;mso-padding-alt:0in 0in 0in 4.0pt'><b><font size=3D2 =
color=3Dblack
face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;color:black;
font-weight:bold'>Sent:</span></font></b><font size=3D2 color=3Dblack =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;color:black'> Sunday, =
January 13,
2002 12:05 PM</span></font><font size=3D2 color=3Dblack =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;color:black;mso-color-alt:win=
dowtext'><o:p></o:p></span></font></p>
<p class=3DMsoNormal =
style=3D'margin-right:.5in;mso-margin-top-alt:auto;mso-margin-bottom-alt:=
auto;margin-left:79.5pt;border:none;mso-border-left-alt:solid black =
1.5pt;
padding:0in;mso-padding-alt:0in 0in 0in 4.0pt'><b><font size=3D2 =
color=3Dblack
face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;color:black;
font-weight:bold'>Subject:</span></font></b><font size=3D2 color=3Dblack
face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;color:black'> Re:
[CANSLIM] market direction/EFTs</span></font><font size=3D2 =
color=3Dblack
face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;color:black;
mso-color-alt:windowtext'><o:p></o:p></span></font></p>
<p class=3DMsoNormal =
style=3D'margin-right:.5in;mso-margin-top-alt:auto;mso-margin-bottom-alt:=
auto;margin-left:79.5pt;border:none;mso-border-left-alt:solid black =
1.5pt;
padding:0in;mso-padding-alt:0in 0in 0in 4.0pt'><font size=3D3 =
color=3Dblack
face=3D"Times New Roman"><span =
style=3D'font-size:12.0pt;color:black'> Thanks
for your response, Andreas. I think I see what you are saying. <br>
I invested in a SmallCap EFT recently, and was wondering whether I =
should <br>
have! <br>
- ----- Original Message ----- <br>
From: "Andreas Himmelreich" <<a =
href=3D"mailto:judgejimmy@web.de">judgejimmy@web.de</a>>
<br>
To: <<a =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</a>=
>
<br>
Sent: Sunday, January 13, 2002 12:27 PM <br>
Subject: AW: [CANSLIM] market direction <br>
</span></font><font color=3Dblack><span =
style=3D'color:black;mso-color-alt:
windowtext'><o:p></o:p></span></font></p>
<p =
style=3D'margin-right:.5in;margin-left:79.5pt;border:none;mso-border-left=
- -alt:
solid black 1.5pt;padding:0in;mso-padding-alt:0in 0in 0in 4.0pt'><font =
size=3D3
color=3Dblack face=3D"Times New Roman"><span =
style=3D'font-size:12.0pt;color:black'>:
You do not have to buy stocks with high PEs. Just go into value and =
growth <br>
and <br>
: let the BOs of ultra High PE stocks fail. <br>
: <br>
: David Ryan says in Market Wizards that the PE (or the Value) is =
important <br>
(even Won does not say it) for <br>
: the probabillity of a good breakout. <br>
: <br>
: I do belive that the market right now differenciates, its not a nutty =
bull <br>
market like in the 90s where <br>
: everything went up, no matter its fundamentals (in some stages of the =
bull <br>
market). <br>
: <br>
: But the market is not so bad, that it sends down all stocks, it <br>
differenciates, thats all... <br>
: <br>
: I do actually not care about the market direction too much. The only =
<br>
question that is interesting: <br>
: Is there an area which is profitable? (so far only on the long side) =
There <br>
where 100000s of long chances even in 2000 and 2001. <br>
: <br>
: Are there Industry Groups that set up a bull market for its member =
stocks? <br>
If yes, money is around the corner. Pick it up and ride it. <br>
: Just look at stuff like TARO, MDCI, AHMH, BZH in 2001... <br>
: <br>
: December was pretty much flat on the Indexes, but it was a great month =
for <br>
a lot of canslim stocks. <br>
: <br>
: I acutally would like it if the Nasdaq would be still on 2000 Points =
at <br>
the end of the year, as long <br>
: fundamentally sound stocks go up and grap goes down. <br>
: <br>
: The only moment you have to be aware of is the moment gets so bad, =
that <br>
nothing works, every Industry Group <br>
: goes down pricewise, everything rolls over, no matter how good the =
<br>
fundamentals of the stocks. Then and only then <br>
: it is time to get flat. In 2001 that was from August to the beginning =
of <br>
October. <br>
: <br>
: Sorry to be so opinionated. <br>
: <br>
: Andreas <br>
: <br>
: <br>
: > -----Ursprungliche Nachricht----- <br>
: > Von: rolf hertenstein [SMTP:rolfh@mindspring.com] <br>
: > Gesendet am: Sunday, January 13, 2002 5:54 PM <br>
: > An: <a =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</a>=
<br>
: > Betreff: Re: [CANSLIM] market direction <br>
: > <br>
: > I'm still concerned about the overall market valuation, which =
remains <br>
high. <br>
: > Yes, as earnings improve, market P/Es should lower, assuming =
prices <br>
: > don't accelerate faster than earnings improve. <br>
: > <br>
: > Even though WON gives little credence to P/Es, I'm adding a P =
<br>
: > (CANSLIMP ?) for the time being. I think many investors =
will be
spooked <br>
: > by high P/Es (e.g., KKD) and tend towards solid companies with =
<br>
relatively <br>
: > low P/Es. Just one new investor's opinion. <br>
: > <br>
: > Rolf <br>
: > <br>
: > ----- Original Message ----- <br>
: > From: "Dan Forant" <<a =
href=3D"mailto:dforant1@nycap.rr.com">dforant1@nycap.rr.com</a>>
<br>
: > To: <<a =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</a>=
>
<br>
: > Sent: Sunday, January 13, 2002 9:31 AM <br>
: > Subject: Re: [CANSLIM] market direction <br>
: > <br>
: > <br>
: > > I have been saying all along this is going to be a =
sloooooooowwwww,
<br>
: > > recovery. Well into the year. All we have to do is *read* =
the news.
I <br>
: > listen <br>
: > > to a local analyst here named Larry King, he's with Smith =
Barney. A
<br>
few <br>
: > > weeks ago he was calling for a quick market return. Just =
Friday he <br>
changed <br>
: > > course and now calls for growth but very slow. Analysts jobs =
from <br>
: > brokerage <br>
: > > houses are to soften the tone of bad news. They can even =
make it
sound <br>
: > good. <br>
: > > Sure there are stocks out there that the savvy trader may =
pick, but
on <br>
: > > average not. It takes months to years for rate and tax cuts =
to
filter <br>
into <br>
: > > the economy. <br>
: > > <br>
: > > DanF <br>
: > > <br>
: > > <br>
: > > ----- Original Message ----- <br>
: > > From: "Kent Norman" <<a
href=3D"mailto:kent_norman@yahoo.com">kent_norman@yahoo.com</a>> <br>
: > > To: "CANSLIM" <<a =
href=3D"mailto:canslim@xmission.com">canslim@xmission.com</a>>
<br>
: > > Sent: Sunday, January 13, 2002 10:11 AM <br>
: > > Subject: [CANSLIM] market direction <br>
: > > <br>
: > > <br>
: > > > Many "experts" are expecting the market to =
follow <br>
: > > > tradition and rise in January and go flat to down for =
<br>
: > > > a few months. Do you think this weeks 5 down days are =
<br>
: > > > meaningful? <br>
: > > > <br>
: > > > I know WON says we don't need to be concerned with <br>
: > > > where the market is heading, just where it is. <br>
: > > > <br>
: > > > So where is it? Is the party over? Should we all get =
<br>
: > > > out of the pool? <br>
: > > > <br>
: > > > Kent Norman <br>
: > > > <br>
: > > > <br>
: > > > =3D=3D=3D=3D=3D <br>
: > > > Opportunities always look bigger going than coming. =
<br>
: > > > <br>
: > > > __________________________________________________ <br>
: > > > Do You Yahoo!? <br>
: > > > Send FREE video emails in Yahoo! Mail! <br>
: > > > <a =
href=3D"http://promo.yahoo.com/videomail/">http://promo.yahoo.com/videoma=
il/</a>
<br>
: > > > <br>
: > > > - <br>
: > > > -To subscribe/unsubscribe, email "<a
href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</a>" =
<br>
: > > > -In the email body, write "subscribe canslim" =
or <br>
: > > > -"unsubscribe canslim". Do not use =
quotes in
your email. <br>
: > > > <br>
: > > <br>
: > > <br>
: > > - <br>
: > > -To subscribe/unsubscribe, email "<a
href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</a>" =
<br>
: > > -In the email body, write "subscribe canslim" or =
<br>
: > > -"unsubscribe canslim". Do not use quotes in =
your
email. <br>
: > > <br>
: > <br>
: > <br>
: > - <br>
: > -To subscribe/unsubscribe, email "<a
href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</a>" =
<br>
: > -In the email body, write "subscribe canslim" or <br>
: > -"unsubscribe canslim". Do not use quotes in your =
email.
<br>
: <br>
: - <br>
: -To subscribe/unsubscribe, email "<a =
href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</a>"
<br>
: -In the email body, write "subscribe canslim" or <br>
: -"unsubscribe canslim". Do not use quotes in your =
email. <br>
: <br>
</span></font><font color=3Dblack><span =
style=3D'color:black;mso-color-alt:
windowtext'><o:p></o:p></span></font></p>
<p =
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- -alt:
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size=3D3
color=3Dblack face=3D"Times New Roman"><span =
style=3D'font-size:12.0pt;color:black'>-
<br>
- -To subscribe/unsubscribe, email "<a =
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- -In the email body, write "subscribe canslim" or <br>
- -"unsubscribe canslim". Do not use quotes in your =
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