Go to Jeff Salisbury LWGate Home Page.From: "Tom Worley" <stkguru@netside.net>
Subject: Re: [CANSLIM] Worley's Weekend Weeview
Date: Sat, 26 Jan 2002 17:06:10 -0500
Previous Article (by Subject): Re: [CANSLIM] test - it's too quiet! Steve F
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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. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
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