Re: [CANSLIM] Worley's Weekend Weeview

From: "Tom Worley" <stkguru@netside.net>
Subject: Re: [CANSLIM] Worley's Weekend Weeview
Date: Sat, 26 Jan 2002 17:06:10 -0500
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Bert, first, welcome to the group. You don't mention your background or
experience, so a short intro might make it easier to answer your question.

Generally, I would have to agree with the comments below. Bear in mind that
I am likely the exception in terms of time invested. I am obsessed with the
markets and economics. And I am a sponge, thirsting for knowledge, so I do a
lot of reading, including economics and foreign markets. I also read every
email posted to this group, and on busy days that can be easily 50 or 60
just waiting when I get home in the evening.

For most people, though, 2 hours a day should be plenty, all depending on
how intense you want to get. As Earl points out, having the right tools
means using those 2 hours more efficiently. In less than three hours this
morning, I reviewed nearly two hundred charts, including toggling back to
write up my comments. Plus read some emails, and added a few more comments
to the body of my WWW (which typically is in preparation during the week as
I find some gems I think worthy of comment). In all, I usually spend 4-5
hours a day, plus another 10-20 hours on the weekend. But if I had a family,
or a life, I would likely trim that down considerably. And not all of that
is spent purely on CANSLIM, as I started a Virtual Reality fund last August,
and that alone probably accounts for 10 or more hours / week, altho both the
fund and my real investing share data and information.

Tom Worley
stkguru@netside.net
AIM: TexWorley
- ----- Original Message -----
From: "esetser" <esetser@covad.net>
To: <canslim@lists.xmission.com>
Sent: Saturday, January 26, 2002 4:05 PM
Subject: Re: [CANSLIM] Worley's Weekend Weeview


> The time required for CANSLIM varies significantly based on your specific
> approach and your tools, but overall, I think 2 hours per day is plenty.
I
> use primarily Daily Graphs Online to perform initial screening on the
> weekend, and to go through the charts and generate a candidate list for
the
> next week.  Given something like 2-3 hours on the weekend, it takes me
very
> little time during the week to monitor the list.  In addition, I only
> generate the lists when I'm in the market for a new purchase, so I don't
> always go through the process each weekend.
>
> As far as chart details, this group is a great place to compare notes on
> various charts and see how others are interpreting various formations.  I
> think it's only when you are close to a decision that you need to look at
> all the finer points of the chart.  At least for me, I do a very quick
> chart review before placing it on a candidate list, but a much closer look
> when considering an imminent purchase.
>
> At 02:55 PM 1/26/02 -0500, you wrote:
> >   Hello All,        I have developed an interest in the Canslim process,
> >as all  the other stock picking ideas I've tried haven't given me the
> >results I've hoped  for.   One thing I notice when reading the posts is
you
> >must spend a  lot of time doing your research. It appears to be a full
time
> >job.    The work that Tom Worley put in The Weekend Weeview must have
> >taken many hours of work.     Is that enough time to find stocks  that
will
> >give me positive results.     Is  that kind of detail necessary or is it
> >just fine tuning of the  research?      Are there any funds that use the
> >Canslim process?   Thanks for your help. Bert Pesak   bpesak@ct1.nai.net
> >      ----- Original Message -----    From:    Tom Worley       To:
> >canslim@lists.xmission.com    Sent: Saturday, January 26, 2002 9:23    AM
> >Subject: [CANSLIM] Worley's Weekend    Weeview
> >   LEAVE IT TO THE JAPANESE   A Japanese toymaker (Takara Co. Ltd.)
intends
> >to begin    building electric cars. Not toys, real cars, that can be
driven
> >on the    highway. They also make karaoke systems, robots that open beer
> >cans, and    remote operated cars for young adults.




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