Re: [CANSLIM]earnings reporting


From: "Tom Worley" <stkguru@netside.net>
Subject: Re: [CANSLIM]earnings reporting
Date: Tue, 15 Jan 2002 23:32:03 -0500

Previous Article (by Subject): RE: [CANSLIM]earnings reporting "John Adair"
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John, I read today in the local paper where several Sunbeam executives =
just settled a shareholder class action lawsuit for a measly $15 million =
so they can concentrate on defending themselves against an upcoming SEC =
charge of fraud regarding their accounting practices. Their auditor?? =
Andersen.

Tom Worley
stkguru@netside.net
AIM: TexWorley
  ----- Original Message -----=20
  From: John Adair=20
  To: canslim@lists.xmission.com=20
  Sent: Tuesday, January 15, 2002 10:55 PM
  Subject: RE: [CANSLIM]earnings reporting


  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  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  damages all =
misleading and erroneous accounting activity with the accountant as well =
as the board of directors and operating officers of the offending firm.

  Lets 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.

  Sincerely=20

  John R. Adair, M.D. Ret.

  =20

  -----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

  =20

  Sorry, that was a typo...It should have read 3/21/00 and should read =
(465 days). Thanks for pointing that out.

  =20

  Katherine

  ----- Original Message -----=20


  From: Gyorgy Veszpremi=20

  To: canslim@lists.xmission.com=20

  Sent: Tuesday, January 15, 2002 9:01 AM

  Subject: Re: [CANSLIM] market direction/EFTs

  =20

  Actually the bull market top was in March of 2000.=20

  Katherine Malm wrote:=20

  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:http://stockcharts.com/webcgi/wb.exe?Perf.web+IWM,MDY,QQQ,DIA,IYY=
There 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.http://stockcharts.com/webcgi/wb.exe?Perf.web+IJT,IJK,IVW,IJ=
S,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=20

  ----- Original Message -----


  From: Ann

  To: 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=20
  have!=20
  ----- Original Message -----=20
  From: "Andreas Himmelreich" <judgejimmy@web.de>=20
  To: <canslim@lists.xmission.com>=20
  Sent: Sunday, January 13, 2002 12:27 PM=20
  Subject: AW: [CANSLIM] market direction=20
   =20

  : You do not have to buy stocks with high PEs. Just go into value and =
growth=20
  and=20
  : let the BOs of ultra High PE stocks fail.=20
  :=20
  : David Ryan says in Market Wizards that the PE (or the Value) is =
important=20
  (even Won does not say it) for=20
  : the probabillity of a good breakout.=20
  :=20
  : I do belive that the market right now differenciates, its not a =
nutty bull=20
  market like in the 90s where=20
  : everything went up, no matter its fundamentals (in some stages of =
the bull=20
  market).=20
  :=20
  : But the market is not so bad, that it sends down all stocks, it=20
  differenciates, thats all...=20
  :=20
  : I do actually not care about the market direction too much. The only =

  question that is interesting:=20
  : Is there an area which is profitable? (so far only on the long side) =
There=20
  where 100000s of long chances even in 2000 and 2001.=20
  :=20
  : Are there Industry Groups that set up a bull market for its member =
stocks?=20
  If yes, money is around the corner. Pick it up and ride it.=20
  : Just look at stuff like TARO, MDCI, AHMH, BZH in 2001...=20
  :=20
  : December was pretty much flat on the Indexes, but it was a great =
month for=20
  a lot of canslim stocks.=20
  :=20
  : I acutally would like it if the Nasdaq would be still on 2000 Points =
at=20
  the end of the year, as long=20
  : fundamentally sound stocks go up and grap goes down.=20
  :=20
  : The only moment you have to be aware of is the moment gets so bad, =
that=20
  nothing works, every Industry Group=20
  : goes down pricewise, everything rolls over, no matter how good the=20
  fundamentals of the stocks. Then and only then=20
  : it is time to get flat. In 2001 that was from August to the =
beginning of=20
  October.=20
  :=20
  : Sorry to be so opinionated.=20
  :=20
  : Andreas=20
  :=20
  :=20
  : > -----Ursprungliche Nachricht-----=20
  : > Von: rolf hertenstein [SMTP:rolfh@mindspring.com]=20
  : > Gesendet am: Sunday, January 13, 2002 5:54 PM=20
  : > An: canslim@lists.xmission.com=20
  : > Betreff: Re: [CANSLIM] market direction=20
  : >=20
  : > I'm still concerned about the overall market valuation, which =
remains=20
  high.=20
  : > Yes, as earnings improve, market P/Es should lower, assuming =
prices=20
  : > don't accelerate faster than earnings improve.=20
  : >=20
  : > Even though WON gives little credence to P/Es, I'm adding a P=20
  : > (CANSLIMP ?) for the time being.  I think many investors will be =
spooked=20
  : > by high P/Es (e.g., KKD) and tend towards solid companies with=20
  relatively=20
  : > low P/Es.  Just one new investor's opinion.=20
  : >=20
  : >  Rolf=20
  : >=20
  : > ----- Original Message -----=20
  : > From: "Dan Forant" <dforant1@nycap.rr.com>=20
  : > To: <canslim@lists.xmission.com>=20
  : > Sent: Sunday, January 13, 2002 9:31 AM=20
  : > Subject: Re: [CANSLIM] market direction=20
  : >=20
  : >=20
  : > > I have been saying all along this is going to be a =
sloooooooowwwww,=20
  : > > recovery. Well into the year. All we have to do is *read* the =
news. I=20
  : > listen=20
  : > > to a local analyst here named Larry King, he's with Smith =
Barney. A=20
  few=20
  : > > weeks ago he was calling for a quick market return. Just Friday =
he=20
  changed=20
  : > > course and now calls for growth but very slow. Analysts jobs =
from=20
  : > brokerage=20
  : > > houses are to soften the tone of bad news. They can even make it =
sound=20
  : > good.=20
  : > > Sure there are stocks out there that the savvy trader may pick, =
but on=20
  : > > average not. It takes months to years for rate and tax cuts to =
filter=20
  into=20
  : > > the economy.=20
  : > >=20
  : > > DanF=20
  : > >=20
  : > >=20
  : > > ----- Original Message -----=20
  : > > From: "Kent Norman" <kent_norman@yahoo.com>=20
  : > > To: "CANSLIM" <canslim@xmission.com>=20
  : > > Sent: Sunday, January 13, 2002 10:11 AM=20
  : > > Subject: [CANSLIM] market direction=20
  : > >=20
  : > >=20
  : > > > Many "experts" are expecting the market to follow=20
  : > > > tradition and rise in January and go flat to down for=20
  : > > > a few months. Do you think this weeks 5 down days are=20
  : > > > meaningful?=20
  : > > >=20
  : > > > I know WON says we don't need to be concerned with=20
  : > > > where the market is heading, just where it is.=20
  : > > >=20
  : > > > So where is it? Is the party over? Should we all get=20
  : > > > out of the pool?=20
  : > > >=20
  : > > > Kent Norman=20
  : > > >=20
  : > > >=20
  : > > > =3D=3D=3D=3D=3D=20
  : > > > Opportunities always look bigger going than coming.=20
  : > > >=20
  : > > > __________________________________________________=20
  : > > > Do You Yahoo!?=20
  : > > > Send FREE video emails in Yahoo! Mail!=20
  : > > > http://promo.yahoo.com/videomail/=20
  : > > >=20
  : > > > -=20
  : > > > -To subscribe/unsubscribe, email "majordomo@xmission.com"=20
  : > > > -In the email body, write "subscribe canslim" or=20
  : > > > -"unsubscribe canslim".  Do not use quotes in your email.=20
  : > > >=20
  : > >=20
  : > >=20
  : > > -=20
  : > > -To subscribe/unsubscribe, email "majordomo@xmission.com"=20
  : > > -In the email body, write "subscribe canslim" or=20
  : > > -"unsubscribe canslim".  Do not use quotes in your email.=20
  : > >=20
  : >=20
  : >=20
  : > -=20
  : > -To subscribe/unsubscribe, email "majordomo@xmission.com"=20
  : > -In the email body, write "subscribe canslim" or=20
  : > -"unsubscribe canslim".  Do not use quotes in your email.=20
  :=20
  : -=20
  : -To subscribe/unsubscribe, email "majordomo@xmission.com"=20
  : -In the email body, write "subscribe canslim" or=20
  : -"unsubscribe canslim".  Do not use quotes in your email.=20
  :=20
   =20

  -=20
  -To subscribe/unsubscribe, email "majordomo@xmission.com"=20
  -In the email body, write "subscribe canslim" or=20
  -"unsubscribe canslim".  Do not use quotes in your email.


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<DIV><FONT face=3DArial>John, I read today in the local paper where =
several=20
Sunbeam executives just settled a shareholder class action lawsuit for a =
measly=20
$15 million so they can concentrate on defending themselves against an =
upcoming=20
SEC charge of fraud regarding their accounting practices. Their =
auditor??=20
Andersen.</FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV>Tom Worley<BR><A=20
href=3D"mailto:stkguru@netside.net">stkguru@netside.net</A><BR>AIM:=20
TexWorley</DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
  <DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
  <DIV=20
  style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
  <A title=3Dxjadair@brightok.net =
href=3D"mailto:xjadair@brightok.net">John=20
  Adair</A> </DIV>
  <DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
  =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
 </DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Tuesday, January 15, 2002 =
10:55=20
  PM</DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> RE: [CANSLIM]earnings=20
  reporting</DIV>
  <DIV><BR></DIV>
  <DIV class=3DSection1>
  <P class=3DMsoNormal><SPAN class=3DEmailStyle18><FONT face=3DArial =
color=3Dnavy=20
  size=3D2><SPAN=20
  style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-size: =
12.0pt">I=20
  assume everyone uses earnings reports as a basic tool for evaluating a =
stock .=20
  Furthermore a stock =91s relative strength is derived mostly from that =
earnings=20
  report. We <SPAN style=3D"mso-spacerun: yes">&nbsp;</SPAN>have all =
heard about=20
  Enron. This morning I read Dollar General found a $100,000,000 =
=93error =93in=20
  their earnings report which would have changed their earnings from =
$.55 to=20
  $.65/ share . In the same local paper Sunbeam also reported a similar =
=93error=94.=20
  I am of the opinion its time to become a squeaky wheel with our =
elected=20
  representatives. I know there will be hearings but likely no =
significant=20
  lasting changes unless it is demanded by the investing public. It is =
time to=20
  criminalize as well as penalize with punitive <SPAN=20
  style=3D"mso-spacerun: yes">&nbsp;</SPAN>damages all misleading and =
erroneous=20
  accounting activity with the accountant as well as the board of =
directors and=20
  operating officers of the offending =
firm.<o:p></o:p></SPAN></FONT></SPAN></P>
  <P class=3DMsoNormal><SPAN class=3DEmailStyle18><FONT face=3DArial =
color=3Dnavy=20
  size=3D2><SPAN=20
  style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-size: =
12.0pt">Lets=20
  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=20
  issue but an integrity in reporting of accounting issue. Wont you join =
me in=20
  contacting your elected =
representatives.<o:p></o:p></SPAN></FONT></SPAN></P>
  <P class=3DMsoNormal><SPAN class=3DEmailStyle18><FONT face=3DArial =
color=3Dnavy=20
  size=3D2><SPAN=20
  style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-size: =
12.0pt">Sincerely=20
  <o:p></o:p></SPAN></FONT></SPAN></P>
  <P class=3DMsoNormal><SPAN class=3DEmailStyle18><FONT face=3DArial =
color=3Dnavy=20
  size=3D2><SPAN=20
  style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-size: =
12.0pt">John=20
  R. Adair, M.D. Ret.<o:p></o:p></SPAN></FONT></SPAN></P>
  <P class=3DMsoNormal><SPAN class=3DEmailStyle18><FONT face=3DArial =
color=3Dnavy=20
  size=3D2><SPAN=20
  style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-size: =
12.0pt"><![if =
!supportEmptyParas]><![endif]>&nbsp;<o:p></o:p></SPAN></FONT></SPAN></P>
  <P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3DTahoma =
color=3Dblack=20
  size=3D2><SPAN=20
  style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: =
Tahoma">-----Original=20
  Message-----<BR><B><SPAN style=3D"FONT-WEIGHT: bold">From:</SPAN></B>=20
  owner-canslim@lists.xmission.com=20
  [mailto:owner-canslim@lists.xmission.com]<B><SPAN =
style=3D"FONT-WEIGHT: bold">On=20
  Behalf Of </SPAN></B>Katherine Malm<BR><B><SPAN=20
  style=3D"FONT-WEIGHT: bold">Sent:</SPAN></B> Tuesday, January 15, 2002 =
9:04=20
  AM<BR><B><SPAN style=3D"FONT-WEIGHT: bold">To:</SPAN></B>=20
  canslim@lists.xmission.com<BR><B><SPAN=20
  style=3D"FONT-WEIGHT: bold">Subject:</SPAN></B> Re: [CANSLIM] market=20
  direction/EFTs</SPAN></FONT></P>
  <P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3D"Times =
New Roman"=20
  size=3D3><SPAN=20
  style=3D"FONT-SIZE: 12pt"><![if =
!supportEmptyParas]><![endif]>&nbsp;<o:p></o:p></SPAN></FONT></P>
  <P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3D"Times =
New Roman"=20
  color=3Dblack size=3D3><SPAN style=3D"FONT-SIZE: 12pt; COLOR: =
black">Sorry, that was=20
  a typo...It should have read 3/21/00 and should read (465 days). =
Thanks for=20
  pointing that out.</SPAN></FONT><FONT color=3Dblack><SPAN=20
  style=3D"COLOR: black; mso-color-alt: =
windowtext"><o:p></o:p></SPAN></FONT></P>
  <P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3D"Times =
New Roman"=20
  color=3Dblack size=3D3><SPAN=20
  style=3D"FONT-SIZE: 12pt; COLOR: black">&nbsp;</SPAN></FONT><FONT=20
  color=3Dblack><SPAN=20
  style=3D"COLOR: black; mso-color-alt: =
windowtext"><o:p></o:p></SPAN></FONT></P>
  <P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3D"Times =
New Roman"=20
  color=3Dblack size=3D3><SPAN=20
  style=3D"FONT-SIZE: 12pt; COLOR: black">Katherine</SPAN></FONT><FONT=20
  color=3Dblack><SPAN=20
  style=3D"COLOR: black; mso-color-alt: =
windowtext"><o:p></o:p></SPAN></FONT></P>
  <DIV=20
  style=3D"BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: =
medium none; PADDING-LEFT: 4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black =
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4.0pt"><FONT=20
  face=3DArial color=3Dblack size=3D2><SPAN=20
  style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial">----- =
Original=20
  Message ----- </SPAN></FONT><FONT face=3DArial color=3Dblack =
size=3D2><SPAN=20
  style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial; =
mso-color-alt: windowtext"><o:p></o:p></SPAN></FONT></P>
  <P class=3DMsoNormal=20
  style=3D"BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: =
medium none; PADDING-LEFT: 0in; BACKGROUND: #e4e4e4; PADDING-BOTTOM: =
0in; MARGIN-LEFT: 39.75pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; =
BORDER-BOTTOM: medium none; mso-margin-top-alt: auto; =
mso-margin-bottom-alt: auto; mso-border-left-alt: solid black 1.5pt; =
mso-padding-alt: 0in 0in 0in 4.0pt"><B><FONT=20
  face=3DArial color=3Dblack size=3D2><SPAN=20
  style=3D"FONT-WEIGHT: bold; FONT-SIZE: 10pt; COLOR: black; =
FONT-FAMILY: Arial">
  <DIV style=3D"font-color: black">From:</SPAN></FONT></B><FONT =
face=3DArial=20
  color=3Dblack size=3D2><SPAN=20
  style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial"> <A=20
  title=3DGyorgyV@rcmachine.com =
href=3D"mailto:GyorgyV@rcmachine.com">Gyorgy=20
  Veszpremi</A> </SPAN></FONT></DIV><FONT face=3DArial color=3Dblack =
size=3D2><SPAN=20
  style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial; =
mso-color-alt: windowtext"><o:p></o:p></SPAN></FONT>
  <P></P>
  <P class=3DMsoNormal=20
  style=3D"BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: =
medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN-LEFT: =
39.75pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: =
medium none; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; =
mso-border-left-alt: solid black 1.5pt; mso-padding-alt: 0in 0in 0in =
4.0pt"><B><FONT=20
  face=3DArial color=3Dblack size=3D2><SPAN=20
  style=3D"FONT-WEIGHT: bold; FONT-SIZE: 10pt; COLOR: black; =
FONT-FAMILY: Arial">To:</SPAN></FONT></B><FONT=20
  face=3DArial color=3Dblack size=3D2><SPAN=20
  style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial"> <A=20
  title=3Dcanslim@lists.xmission.com=20
  =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
  </SPAN></FONT><FONT face=3DArial color=3Dblack size=3D2><SPAN=20
  style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial; =
mso-color-alt: windowtext"><o:p></o:p></SPAN></FONT></P>
  <P class=3DMsoNormal=20
  style=3D"BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: =
medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN-LEFT: =
39.75pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: =
medium none; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; =
mso-border-left-alt: solid black 1.5pt; mso-padding-alt: 0in 0in 0in =
4.0pt"><B><FONT=20
  face=3DArial color=3Dblack size=3D2><SPAN=20
  style=3D"FONT-WEIGHT: bold; FONT-SIZE: 10pt; COLOR: black; =
FONT-FAMILY: Arial">Sent:</SPAN></FONT></B><FONT=20
  face=3DArial color=3Dblack size=3D2><SPAN=20
  style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial"> Tuesday, =
January=20
  15, 2002 9:01 AM</SPAN></FONT><FONT face=3DArial color=3Dblack =
size=3D2><SPAN=20
  style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial; =
mso-color-alt: windowtext"><o:p></o:p></SPAN></FONT></P>
  <P class=3DMsoNormal=20
  style=3D"BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: =
medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN-LEFT: =
39.75pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: =
medium none; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; =
mso-border-left-alt: solid black 1.5pt; mso-padding-alt: 0in 0in 0in =
4.0pt"><B><FONT=20
  face=3DArial color=3Dblack size=3D2><SPAN=20
  style=3D"FONT-WEIGHT: bold; FONT-SIZE: 10pt; COLOR: black; =
FONT-FAMILY: Arial">Subject:</SPAN></FONT></B><FONT=20
  face=3DArial color=3Dblack size=3D2><SPAN=20
  style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial"> Re: =
[CANSLIM]=20
  market direction/EFTs</SPAN></FONT><FONT face=3DArial color=3Dblack =
size=3D2><SPAN=20
  style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial; =
mso-color-alt: windowtext"><o:p></o:p></SPAN></FONT></P>
  <P class=3DMsoNormal=20
  style=3D"BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: =
medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN-LEFT: =
39.75pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: =
medium none; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; =
mso-border-left-alt: solid black 1.5pt; mso-padding-alt: 0in 0in 0in =
4.0pt"><FONT=20
  face=3D"Times New Roman" color=3Dblack size=3D3><SPAN=20
  style=3D"FONT-SIZE: 12pt; COLOR: black"><![if =
!supportEmptyParas]><![endif]>&nbsp;</SPAN></FONT><FONT=20
  color=3Dblack><SPAN=20
  style=3D"COLOR: black; mso-color-alt: =
windowtext"><o:p></o:p></SPAN></FONT></P>
  <P class=3DMsoNormal=20
  style=3D"BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: =
medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN-LEFT: =
39.75pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: =
medium none; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; =
mso-border-left-alt: solid black 1.5pt; mso-padding-alt: 0in 0in 0in =
4.0pt"><FONT=20
  face=3D"Times New Roman" color=3Dblack size=3D3><SPAN=20
  style=3D"FONT-SIZE: 12pt; COLOR: black">Actually the bull market top =
was in=20
  March of 2000. </SPAN></FONT><FONT color=3Dblack><SPAN=20
  style=3D"COLOR: black; mso-color-alt: =
windowtext"><o:p></o:p></SPAN></FONT></P>
  <P=20
  style=3D"BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: =
medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN-LEFT: =
39.75pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: =
medium none; mso-border-left-alt: solid black 1.5pt; mso-padding-alt: =
0in 0in 0in 4.0pt"><FONT=20
  face=3D"Times New Roman" color=3Dblack size=3D3><SPAN=20
  style=3D"FONT-SIZE: 12pt; COLOR: black">Katherine Malm wrote:=20
  </SPAN></FONT><FONT color=3Dblack><SPAN=20
  style=3D"COLOR: black; mso-color-alt: =
windowtext"><o:p></o:p></SPAN></FONT></P></DIV>
  <DIV=20
  style=3D"BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: =
medium none; PADDING-LEFT: 4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black =
1.5pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: medium none">
  <P class=3DMsoNormal=20
  style=3D"BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: =
medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN-LEFT: =
75.75pt; BORDER-LEFT: medium none; MARGIN-RIGHT: 0.5in; PADDING-TOP: =
0in; BORDER-BOTTOM: medium none; mso-margin-top-alt: auto; =
mso-margin-bottom-alt: auto; mso-border-left-alt: solid black 1.5pt; =
mso-padding-alt: 0in 0in 0in 4.0pt"><FONT=20
  face=3D"Times New Roman" color=3Dblack size=3D3><SPAN=20
  style=3D"FONT-SIZE: 12pt; COLOR: black">Here's a good way to look at =
the=20
  relative performance of the markets since key dates:&nbsp;I like to =
see these=20
  in bar chart view, but you can use line charts as well, as both are=20
  available:&nbsp;Look at comparisons from key dates to Friday's close=20
  (1/11/02):&nbsp;Bull market top: 3/21/2001 (202 days)Latest market =
peak:=20
  5/21/2001 (160 days)Follow-thru day: 9/28/2001 (73 days)&nbsp;This =
will give=20
  you a comparison between Russell 2000 (small cap), MidCap, Large Cap, =
Naz100=20
  (large cap tech), Dow and total market proxies:<A=20
  =
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=20
  is a bar at the bottom of the chart that you can stretch to the days =
right and=20
  left that you want to consider once the chart is built. Roll your =
cursor over=20
  the chart and the key information for each index will pop =
up.&nbsp;This will=20
  give you a comparison between styles Sm Cap Growth, Mid Cap Growth, Lg =
Cap=20
  Growth,Sm Cap Val, Mid Cap Val, Lg Cap Val. Again, run these from the =
key date=20
  until today and you will be able to make your own conclusions about=20
  growth/value.<A=20
  =
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>&nbsp;For=20
  a more general comparison between growth, value, total market, try:<A=20
  =
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>&nbsp;Katherine=20
  </SPAN></FONT><FONT color=3Dblack><SPAN=20
  style=3D"COLOR: black; mso-color-alt: =
windowtext"><o:p></o:p></SPAN></FONT></P></DIV>
  <DIV=20
  style=3D"BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: =
medium none; PADDING-LEFT: 4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black =
1.5pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: medium none">
  <P class=3DMsoNormal=20
  style=3D"BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: =
medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN-LEFT: =
79.5pt; BORDER-LEFT: medium none; MARGIN-RIGHT: 0.5in; PADDING-TOP: 0in; =
BORDER-BOTTOM: medium none; mso-margin-top-alt: auto; =
mso-margin-bottom-alt: auto; mso-border-left-alt: solid black 1.5pt; =
mso-padding-alt: 0in 0in 0in 4.0pt"><FONT=20
  face=3DArial color=3Dblack size=3D2><SPAN=20
  style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial">----- =
Original=20
  Message -----</SPAN></FONT><FONT face=3DArial color=3Dblack =
size=3D2><SPAN=20
  style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial; =
mso-color-alt: windowtext"><o:p></o:p></SPAN></FONT></P>
  <P class=3DMsoNormal=20
  style=3D"BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: =
medium none; PADDING-LEFT: 0in; BACKGROUND: #e4e4e4; PADDING-BOTTOM: =
0in; MARGIN-LEFT: 79.5pt; BORDER-LEFT: medium none; MARGIN-RIGHT: 0.5in; =
PADDING-TOP: 0in; BORDER-BOTTOM: medium none; mso-margin-top-alt: auto; =
mso-margin-bottom-alt: auto; mso-border-left-alt: solid black 1.5pt; =
mso-padding-alt: 0in 0in 0in 4.0pt"><B><FONT=20
  face=3DArial color=3Dblack size=3D2><SPAN=20
  style=3D"FONT-WEIGHT: bold; FONT-SIZE: 10pt; COLOR: black; =
FONT-FAMILY: Arial">
  <DIV style=3D"font-color: black">From:</SPAN></FONT></B><FONT =
face=3DArial=20
  color=3Dblack size=3D2><SPAN=20
  style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial"> <A=20
  title=3Dannholly@mediaone.net=20
  href=3D"mailto:annholly@mediaone.net">Ann</A></SPAN></FONT></DIV><FONT =

  face=3DArial color=3Dblack size=3D2><SPAN=20
  style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial; =
mso-color-alt: windowtext"><o:p></o:p></SPAN></FONT>
  <P></P>
  <P class=3DMsoNormal=20
  style=3D"BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: =
medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN-LEFT: =
79.5pt; BORDER-LEFT: medium none; MARGIN-RIGHT: 0.5in; PADDING-TOP: 0in; =
BORDER-BOTTOM: medium none; mso-margin-top-alt: auto; =
mso-margin-bottom-alt: auto; mso-border-left-alt: solid black 1.5pt; =
mso-padding-alt: 0in 0in 0in 4.0pt"><B><FONT=20
  face=3DArial color=3Dblack size=3D2><SPAN=20
  style=3D"FONT-WEIGHT: bold; FONT-SIZE: 10pt; COLOR: black; =
FONT-FAMILY: Arial">To:</SPAN></FONT></B><FONT=20
  face=3DArial color=3Dblack size=3D2><SPAN=20
  style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial"> <A=20
  title=3Dcanslim@lists.xmission.com=20
  =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
</SPAN></FONT><FONT=20
  face=3DArial color=3Dblack size=3D2><SPAN=20
  style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial; =
mso-color-alt: windowtext"><o:p></o:p></SPAN></FONT></P>
  <P class=3DMsoNormal=20
  style=3D"BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: =
medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN-LEFT: =
79.5pt; BORDER-LEFT: medium none; MARGIN-RIGHT: 0.5in; PADDING-TOP: 0in; =
BORDER-BOTTOM: medium none; mso-margin-top-alt: auto; =
mso-margin-bottom-alt: auto; mso-border-left-alt: solid black 1.5pt; =
mso-padding-alt: 0in 0in 0in 4.0pt"><B><FONT=20
  face=3DArial color=3Dblack size=3D2><SPAN=20
  style=3D"FONT-WEIGHT: bold; FONT-SIZE: 10pt; COLOR: black; =
FONT-FAMILY: Arial">Sent:</SPAN></FONT></B><FONT=20
  face=3DArial color=3Dblack size=3D2><SPAN=20
  style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial"> Sunday, =
January 13,=20
  2002 12:05 PM</SPAN></FONT><FONT face=3DArial color=3Dblack =
size=3D2><SPAN=20
  style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial; =
mso-color-alt: windowtext"><o:p></o:p></SPAN></FONT></P>
  <P class=3DMsoNormal=20
  style=3D"BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: =
medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN-LEFT: =
79.5pt; BORDER-LEFT: medium none; MARGIN-RIGHT: 0.5in; PADDING-TOP: 0in; =
BORDER-BOTTOM: medium none; mso-margin-top-alt: auto; =
mso-margin-bottom-alt: auto; mso-border-left-alt: solid black 1.5pt; =
mso-padding-alt: 0in 0in 0in 4.0pt"><B><FONT=20
  face=3DArial color=3Dblack size=3D2><SPAN=20
  style=3D"FONT-WEIGHT: bold; FONT-SIZE: 10pt; COLOR: black; =
FONT-FAMILY: Arial">Subject:</SPAN></FONT></B><FONT=20
  face=3DArial color=3Dblack size=3D2><SPAN=20
  style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial"> Re: =
[CANSLIM]=20
  market direction/EFTs</SPAN></FONT><FONT face=3DArial color=3Dblack =
size=3D2><SPAN=20
  style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial; =
mso-color-alt: windowtext"><o:p></o:p></SPAN></FONT></P>
  <P class=3DMsoNormal=20
  style=3D"BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: =
medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN-LEFT: =
79.5pt; BORDER-LEFT: medium none; MARGIN-RIGHT: 0.5in; PADDING-TOP: 0in; =
BORDER-BOTTOM: medium none; mso-margin-top-alt: auto; =
mso-margin-bottom-alt: auto; mso-border-left-alt: solid black 1.5pt; =
mso-padding-alt: 0in 0in 0in 4.0pt"><FONT=20
  face=3D"Times New Roman" color=3Dblack size=3D3><SPAN=20
  style=3D"FONT-SIZE: 12pt; COLOR: black">&nbsp;Thanks for your =
response, Andreas.=20
  I think I see what you are saying. <BR>I invested in a SmallCap EFT =
recently,=20
  and was wondering whether I should <BR>have! <BR>----- Original =
Message -----=20
  <BR>From: "Andreas Himmelreich" &lt;<A=20
  href=3D"mailto:judgejimmy@web.de">judgejimmy@web.de</A>&gt; <BR>To: =
&lt;<A=20
  =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
&gt;=20
  <BR>Sent: Sunday, January 13, 2002 12:27 PM <BR>Subject: AW: [CANSLIM] =
market=20
  direction <BR>&nbsp; </SPAN></FONT><FONT color=3Dblack><SPAN=20
  style=3D"COLOR: black; mso-color-alt: =
windowtext"><o:p></o:p></SPAN></FONT></P>
  <P=20
  style=3D"BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: =
medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN-LEFT: =
79.5pt; BORDER-LEFT: medium none; MARGIN-RIGHT: 0.5in; PADDING-TOP: 0in; =
BORDER-BOTTOM: medium none; mso-border-left-alt: solid black 1.5pt; =
mso-padding-alt: 0in 0in 0in 4.0pt"><FONT=20
  face=3D"Times New Roman" color=3Dblack size=3D3><SPAN=20
  style=3D"FONT-SIZE: 12pt; COLOR: black">: You do not have to buy =
stocks with=20
  high PEs. Just go into value and growth <BR>and <BR>: let the BOs of =
ultra=20
  High PE stocks fail. <BR>: <BR>: David Ryan says in Market Wizards =
that the PE=20
  (or the Value) is important <BR>(even Won does not say it) for <BR>: =
the=20
  probabillity of a good breakout. <BR>: <BR>: I do belive that the =
market right=20
  now differenciates, its not a nutty bull <BR>market like in the 90s =
where=20
  <BR>: everything went up, no matter its fundamentals (in some stages =
of the=20
  bull <BR>market). <BR>: <BR>: But the market is not so bad, that it =
sends down=20
  all stocks, it <BR>differenciates, thats all... <BR>: <BR>: I do =
actually not=20
  care about the market direction too much. The only <BR>question that =
is=20
  interesting: <BR>: Is there an area which is profitable? (so far only =
on the=20
  long side) There <BR>where 100000s of long chances even in 2000 and =
2001.=20
  <BR>: <BR>: Are there Industry Groups that set up a bull market for =
its member=20
  stocks? <BR>If yes, money is around the corner. Pick it up and ride =
it. <BR>:=20
  Just look at stuff like TARO, MDCI, AHMH, BZH in 2001... <BR>: <BR>: =
December=20
  was pretty much flat on the Indexes, but it was a great month for =
<BR>a lot of=20
  canslim stocks. <BR>: <BR>: I acutally would like it if the Nasdaq =
would be=20
  still on 2000 Points at <BR>the end of the year, as long <BR>: =
fundamentally=20
  sound stocks go up and grap goes down. <BR>: <BR>: The only moment you =
have to=20
  be aware of is the moment gets so bad, that <BR>nothing works, every =
Industry=20
  Group <BR>: goes down pricewise, everything rolls over, no matter how =
good the=20
  <BR>fundamentals of the stocks. Then and only then <BR>: it is time to =
get=20
  flat. In 2001 that was from August to the beginning of <BR>October. =
<BR>:=20
  <BR>: Sorry to be so opinionated. <BR>: <BR>: Andreas <BR>: <BR>: =
<BR>: &gt;=20
  -----Ursprungliche Nachricht----- <BR>: &gt; Von: rolf hertenstein=20
  [SMTP:rolfh@mindspring.com] <BR>: &gt; Gesendet am: Sunday, January =
13, 2002=20
  5:54 PM <BR>: &gt; An: <A=20
  =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
 <BR>:=20
  &gt; Betreff: Re: [CANSLIM] market direction <BR>: &gt; <BR>: &gt; I'm =
still=20
  concerned about the overall market valuation, which remains <BR>high. =
<BR>:=20
  &gt; Yes, as earnings improve, market P/Es should lower, assuming =
prices <BR>:=20
  &gt; don't accelerate faster than earnings improve. <BR>: &gt; <BR>: =
&gt; Even=20
  though WON gives little credence to P/Es, I'm adding a P <BR>: &gt; =
(CANSLIMP=20
  ?) for the time being.&nbsp; I think many investors will be spooked =
<BR>: &gt;=20
  by high P/Es (e.g., KKD) and tend towards solid companies with =
<BR>relatively=20
  <BR>: &gt; low P/Es.&nbsp; Just one new investor's opinion. <BR>: &gt; =
<BR>:=20
  &gt;&nbsp; Rolf <BR>: &gt; <BR>: &gt; ----- Original Message ----- =
<BR>: &gt;=20
  From: "Dan Forant" &lt;<A=20
  href=3D"mailto:dforant1@nycap.rr.com">dforant1@nycap.rr.com</A>&gt; =
<BR>: &gt;=20
  To: &lt;<A=20
  =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
&gt;=20
  <BR>: &gt; Sent: Sunday, January 13, 2002 9:31 AM <BR>: &gt; Subject: =
Re:=20
  [CANSLIM] market direction <BR>: &gt; <BR>: &gt; <BR>: &gt; &gt; I =
have been=20
  saying all along this is going to be a sloooooooowwwww, <BR>: &gt; =
&gt;=20
  recovery. Well into the year. All we have to do is *read* the news. I =
<BR>:=20
  &gt; listen <BR>: &gt; &gt; to a local analyst here named Larry King, =
he's=20
  with Smith Barney. A <BR>few <BR>: &gt; &gt; weeks ago he was calling =
for a=20
  quick market return. Just Friday he <BR>changed <BR>: &gt; &gt; course =
and now=20
  calls for growth but very slow. Analysts jobs from <BR>: &gt; =
brokerage <BR>:=20
  &gt; &gt; houses are to soften the tone of bad news. They can even =
make it=20
  sound <BR>: &gt; good. <BR>: &gt; &gt; Sure there are stocks out there =
that=20
  the savvy trader may pick, but on <BR>: &gt; &gt; average not. It =
takes months=20
  to years for rate and tax cuts to filter <BR>into <BR>: &gt; &gt; the =
economy.=20
  <BR>: &gt; &gt; <BR>: &gt; &gt; DanF <BR>: &gt; &gt; <BR>: &gt; &gt; =
<BR>:=20
  &gt; &gt; ----- Original Message ----- <BR>: &gt; &gt; From: "Kent =
Norman"=20
  &lt;<A =
href=3D"mailto:kent_norman@yahoo.com">kent_norman@yahoo.com</A>&gt; =
<BR>:=20
  &gt; &gt; To: "CANSLIM" &lt;<A=20
  href=3D"mailto:canslim@xmission.com">canslim@xmission.com</A>&gt; =
<BR>: &gt;=20
  &gt; Sent: Sunday, January 13, 2002 10:11 AM <BR>: &gt; &gt; Subject:=20
  [CANSLIM] market direction <BR>: &gt; &gt; <BR>: &gt; &gt; <BR>: &gt; =
&gt;=20
  &gt; Many "experts" are expecting the market to follow <BR>: &gt; &gt; =
&gt;=20
  tradition and rise in January and go flat to down for <BR>: &gt; &gt; =
&gt; a=20
  few months. Do you think this weeks 5 down days are <BR>: &gt; &gt; =
&gt;=20
  meaningful? <BR>: &gt; &gt; &gt; <BR>: &gt; &gt; &gt; I know WON says =
we don't=20
  need to be concerned with <BR>: &gt; &gt; &gt; where the market is =
heading,=20
  just where it is. <BR>: &gt; &gt; &gt; <BR>: &gt; &gt; &gt; So where =
is it? Is=20
  the party over? Should we all get <BR>: &gt; &gt; &gt; out of the =
pool? <BR>:=20
  &gt; &gt; &gt; <BR>: &gt; &gt; &gt; Kent Norman <BR>: &gt; &gt; &gt; =
<BR>:=20
  &gt; &gt; &gt; <BR>: &gt; &gt; &gt; =3D=3D=3D=3D=3D <BR>: &gt; &gt; =
&gt; Opportunities=20
  always look bigger going than coming. <BR>: &gt; &gt; &gt; <BR>: &gt; =
&gt;=20
  &gt; __________________________________________________ <BR>: &gt; =
&gt; &gt;=20
  Do You Yahoo!? <BR>: &gt; &gt; &gt; Send FREE video emails in Yahoo! =
Mail!=20
  <BR>: &gt; &gt; &gt; <A=20
  =
href=3D"http://promo.yahoo.com/videomail/">http://promo.yahoo.com/videoma=
il/</A>=20
  <BR>: &gt; &gt; &gt; <BR>: &gt; &gt; &gt; - <BR>: &gt; &gt; &gt; -To=20
  subscribe/unsubscribe, email "<A=20
  href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>" =
<BR>: &gt;=20
  &gt; &gt; -In the email body, write "subscribe canslim" or <BR>: &gt; =
&gt;=20
  &gt; -"unsubscribe canslim".&nbsp; Do not use quotes in your email. =
<BR>: &gt;=20
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  -To subscribe/unsubscribe, email "<A=20
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