RE: [CANSLIM] Some Insight

From: "John Adair" <xjadair@brightok.net>
Subject: RE: [CANSLIM] Some Insight
Date: Sun, 27 Jan 2002 20:17:01 -0600

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Hi Bert
Been there done that and am in about the same boat. You did not mention
Tharp in your list. If you had Van K Tharp to your list " Trade your way to
financial freedom" at least your losses would be smaller. I attended a
lecture Saturday by our Katherine( on this board). She uses vector vest  to
filter first then  canslim  with 70 RS as a lower point to start . She uses
technicals to sell. If you are interested in a copy of her lecture (3 hours
and very good)  you might g et Gene on this board to send you a copy of her
lecture. I think the best you may expect now is to study and develop a
system for when this bear market is over. For  now take up golf.

- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Bert Pesak
Sent: Sunday, January 27, 2002 2:30 PM
To: canslim@lists.xmission.com
Subject: [CANSLIM] Some Insight

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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