[CANSLIM] Introduction

From: "Rob Miller" <rmiller2@carolina.rr.com>
Subject: [CANSLIM] Introduction
Date: Tue, 12 Feb 2002 16:28:56 -0500

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Hello All,

I subscribed a few weeks ago but thought I would listen for a while before
introducing myself.  An interesting group.  I'm not new to investing or
CANSLIM, though I did stray for a while.  I became interested in CANSLIM
about six years ago.  After practicing CANSLI (M seemed irrelevant at that
time) for a couple of years, I began to ignore fundamentals just as the
market ignored them.  I am well versed in technicals and that became the
hallmark of my strategy for the last year of the bull market.  Somewhat
coincidentally, I got out of the market in March 2000 just before the Nasdaq
fell apart.  The coindicence is that although I saw  signs of a market top,
I went to cash for a different reason...vacation.  Yes the market fell apart
while I was on vacation.  I have been largely out of the market ever since,
with only a few trades along the way.  I had also just finished college and
was at my new career for only 9 months at the time.  I have since devoted
more time to my career and less to personal investing.  That has all changed
now.  Last week I quit my job.  After almost three years as an investment
analyst (primarily mutual funds and retirement accounts) at a small startup
firm, I decided that the promise of higher pay in the future was no longer
enough.  I said "show me the money," and they said "we don't have any."
Also, while mutual fund analysis is surpisingly challenging and fun, my real
interest is in stocks.  So here I am, investing full time, at least
temporarily.

Now for a question.  I tried to look this up in the archives, but I can't
get the archives to work.  How does the LLUR chart pattern fit the CANSLIM
mold and how do you adapt the entry and exit methods?  I don't recall ever
hearing O'Neil mention this chart.  Is this a generally accepted exception
to the basic chart patterns that O'Neil promotes?  It's an intriguing
pattern given the lack of good bases out there, though it seems to go
against the basic CANSLIM buying philosophy.

Rob Miller



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