[CANSLIM] Some Insight

From: "Bert Pesak" <bpesak@ct1.nai.net>
Subject: [CANSLIM] Some Insight
Date: Sun, 27 Jan 2002 15:29:38 -0500

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Hello Gail & Tom,

First, I appreciate both of your responses.

Gail, I looked at your fund parlay quickly.  I like the apparent simplicity
of it.  I do not have the opportunity to swap funds on a daily basis as you
do, so your parlay is could not be part of my process.

One of the things I do not want to do is to keep looking for new theories on
stock picking.  I have spent the 14 years listening to various analysts,
news letters (Michael Murphy, Louis Rukeyser, The Chartist, friends) and
find that when the market is booming they all do pretty well.  None of them
were able to see the bust, which I have been waiting for since 1990 (my
naturally pessimistic personality) nor were they able to be realistic about
the depth or longevity of the fall.

I have been a member of AAII since 1996 and find their monthly magazine very
worthwhile.  They also have a good website.  They have screening programs
that emulate many stock picking theories including CANSLIM.  Canslim shows
about a 270% increase for the last 4 years.  Another one that is very good
is the Martin Zweig screen, up 299%.  I am tracking both portfolios on the
AAII website.  The screen are done on a monthly basis at the end of the
month, and adjustments are made on the next screening or when a stock should
be sold because of meeting a certain parameter (like falling 8%).

My background is: 64 years old, in my first life I owned a small metal
stamping & die making shop ( I was the Diemaker) for 23 years.  I sold the
business in 1988.  In my 2nd life I went into the computer world, PC
operating systems were my specialty, Starting in 1978 with Northstar dos,
CPM, TurboDos, MS-DOS, Windows, Novell, and ending with NT.  I am basically
a techie, with some people skills.  I received a quick lesson in 1989 on how
to use the IBD newspaper and then went off on various tangents.  I have come
full circle and find myself back at the IBD Canslim theory.

My dilemma is how do I get the necessary skills and then make use of them in
the time I can allocate for investing.  I have subscribed to IBD and use
their website.  I check their screens every day looking for stocks to watch
and found myself getting emotionally carried away.  I bought TRR, UTSI, CACI
and proceeded to $1500 in a week.  I sold when they dropped 8%, one fell so
fast it cost me 12%.

So here I am folks, any help would be much appreciated.

Bert Pesak
bpesak@ct1.nai.net




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