Go to Jeff Salisbury LWGate Home Page.From: "Tom Worley" <stkguru@netside.net>
Subject: Re: [CANSLIM] Lack of Buy Candidates
Date: Sat, 16 Feb 2002 01:28:27 -0500
Next Article (by Date): AW: [CANSLIM] Lack of Buy Candidates Andreas Himmelreich
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no oxymoron, just experience and knowing where I can afford to bend / =
break the rules.
I have long held that the greatest value of CANSLIM is the ability to =
tailor it to the investor's experience, risk tolerance, effort, =
interests, etc.
Tom Worley
stkguru@netside.net
AIM: TexWorley
----- Original Message -----=20
From: David Squires=20
To: canslim@lists.xmission.com=20
Sent: Saturday, February 16, 2002 1:17 AM
Subject: Re: [CANSLIM] Lack of Buy Candidates
>>I netted 76% for the full year, so yeah, I made a net profit.<<
Well, I guess I'm applying for membership to the Worley wannbe club =
then. I for one would like to know how you did it?=20
>>While I routinely violate CANSLIM rules, nonetheless my entire =
process is heavily based in CANSLIM<<
An oxymoron.
DSquires
----- Original Message -----=20
From: Tom Worley=20
To: canslim@lists.xmission.com=20
Sent: Friday, February 15, 2002 11:19 PM
Subject: Re: [CANSLIM] Lack of Buy Candidates
While I routinely violate CANSLIM rules, nonetheless my entire =
process is heavily based in CANSLIM. And I netted 76% for the full year, =
so yeah, I made a net profit.
Tom Worley
stkguru@netside.net
AIM: TexWorley
----- Original Message -----=20
From: David Squires=20
To: canslim@lists.xmission.com=20
Sent: Saturday, February 16, 2002 12:11 AM
Subject: Re: [CANSLIM] Lack of Buy Candidates
haven't shorted in years, fully invested year round, made lots of =
$$ last year, and profitable so far this year (including my fully =
margined account).
>>fully invested year round, made lots of $$ last year<<
You were fully invested last year long and made a net profit? You =
better call George Soros! BTW, is this even remotely CANSLIM.
DSquires
----- Original Message -----=20
From: Tom Worley=20
To: canslim@lists.xmission.com=20
Sent: Friday, February 15, 2002 10:47 PM
Subject: Re: [CANSLIM] Lack of Buy Candidates
haven't shorted in years, fully invested year round, made lots =
of $$ last year, and profitable so far this year (including my fully =
margined account).
Tom Worley
stkguru@netside.net
AIM: TexWorley
----- Original Message -----=20
From: Dan Forant=20
To: canslim@lists.xmission.com=20
Sent: Friday, February 15, 2002 8:03 PM
Subject: Re: [CANSLIM] Lack of Buy Candidates
Of course it's absurd. If anyone's been in the market for the =
past year and hasn't shorted and made $$, they are either very lucky or =
far better than the average investor. There was no shortage of stocks to =
short in TC2000 and candlesticks.=20
L8ter
DanF
----- Original Message -----=20
From: Ian=20
To: canslim@lists.xmission.com=20
Sent: Friday, February 15, 2002 11:13 AM
Subject: Re: [CANSLIM] Lack of Buy Candidates
I find it almost absurd that WON discourages shorting. =
Almost all of WON's ideas appear to have originated with Jesse =
Livermore, who made the bulk of his money on the short side. The rules =
for selling a big CANSLIM winner make for perfect short candidates. =
Although selling a failed breakout as it returns into its base is NOT =
typically a good short candidate. JMHO.
Ian
----- Original Message -----=20
From: Rob Miller=20
To: canslim@lists.xmission.com=20
Sent: Friday, February 15, 2002 6:40 AM
Subject: [CANSLIM] Lack of Buy Candidates
Even if we have a FTD from here, I see few stocks worth =
buying. However, my short list is overflowing. The only moderately =
attractive stocks I see on the long side are those already in an uptrend =
that are riding their lower channel.
Is shorting considered off limits for this list? I know =
that WON discourages it, but he also claimed to make good money from =
shorts in HTMMIS. As I understand it, he discourages it as a medium for =
the masses, nor necessarily for everyone. =20
Rob =20
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<DIV><FONT face=3DArial>no oxymoron, just experience and knowing where I =
can=20
afford to bend / break the rules.</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial>I have long held that the greatest value of =
CANSLIM is the=20
ability to tailor it to the investor's experience, risk tolerance, =
effort,=20
interests, etc.</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV>Tom Worley<BR><A=20
href=3D"mailto:stkguru@netside.net">stkguru@netside.net</A><BR>AIM:=20
TexWorley</DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Ddcsquires1@cox.net href=3D"mailto:dcsquires1@cox.net">David =
Squires</A>=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Saturday, February 16, =
2002 1:17=20
AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] Lack of =
Buy=20
Candidates</DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial>>>I netted 76% for the full year, so =
yeah, I made=20
a net profit.<<</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>Well, I guess I'm applying for =
membership to the=20
Worley wannbe club then. I for one would like to know how you did it?=20
</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial>>>While I routinely violate CANSLIM =
rules,=20
nonetheless my entire process is heavily based in =
CANSLIM<<</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial>An oxymoron.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>DSquires</FONT></DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Dstkguru@netside.net =
href=3D"mailto:stkguru@netside.net">Tom=20
Worley</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Friday, February 15, =
2002 11:19=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] Lack =
of Buy=20
Candidates</DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial>While I routinely violate CANSLIM rules, =
nonetheless=20
my entire process is heavily based in CANSLIM. And I netted 76% for =
the full=20
year, so yeah, I made a net profit.</FONT></DIV>
<DIV> </DIV>
<DIV>Tom Worley<BR><A=20
href=3D"mailto:stkguru@netside.net">stkguru@netside.net</A><BR>AIM:=20
TexWorley</DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- =
</DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Ddcsquires1@cox.net =
href=3D"mailto:dcsquires1@cox.net">David=20
Squires</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Saturday, February =
16, 2002=20
12:11 AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] Lack =
of Buy=20
Candidates</DIV>
<DIV><BR></DIV>
<DIV>
<DIV><FONT face=3DArial>haven't shorted in years, fully invested =
year round,=20
made lots of $$ last year, and profitable so far this year =
(including my=20
fully margined account).</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial>>>fully invested year round, made =
lots of $$=20
last year<<</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial>You were fully invested last year long and =
made a=20
net profit? You better call George Soros! BTW, is this even =
remotely=20
CANSLIM.</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial>DSquires</FONT></DIV></DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- =
</DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Dstkguru@netside.net =
href=3D"mailto:stkguru@netside.net">Tom=20
Worley</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Friday, February =
15, 2002=20
10:47 PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
Lack of Buy=20
Candidates</DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial>haven't shorted in years, fully invested =
year=20
round, made lots of $$ last year, and profitable so far this =
year=20
(including my fully margined account).</FONT></DIV>
<DIV> </DIV>
<DIV>Tom Worley<BR><A=20
=
href=3D"mailto:stkguru@netside.net">stkguru@netside.net</A><BR>AIM:=20
TexWorley</DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: =
5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- =
</DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Ddforant1@nycap.rr.com =
href=3D"mailto:dforant1@nycap.rr.com">Dan=20
Forant</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Friday, February =
15, 2002=20
8:03 PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
Lack of=20
Buy Candidates</DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial size=3D2>Of course it's absurd. If =
anyone's been=20
in the market for the past year and hasn't shorted and made =
$$, they=20
are either very lucky or far better than the average investor. =
There=20
was no shortage of stocks to short in TC2000 and candlesticks. =
</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV>L8ter<BR>DanF</DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: =
5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- =
</DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Dianstm@shaw.ca =
href=3D"mailto:ianstm@shaw.ca">Ian</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Friday, =
February 15, 2002=20
11:13 AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: =
[CANSLIM] Lack of=20
Buy Candidates</DIV>
<DIV><BR></DIV>
<DIV><FONT size=3D2>I find it almost absurd that WON =
discourages=20
shorting. Almost all of WON's ideas appear to have =
originated with=20
Jesse Livermore, who made the bulk of his money on the short =
side.=20
The rules for selling a big CANSLIM winner make for perfect =
short=20
candidates. Although selling a failed breakout as it returns =
into=20
its base is NOT typically a good short candidate. =
JMHO.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=3D2>Ian</FONT></DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV>----- Original Message ----- </DIV>
<BLOCKQUOTE=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: =
5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; =
font-color: black"><B>From:</B>=20
<A title=3Drmiller2@carolina.rr.com=20
href=3D"mailto:rmiller2@carolina.rr.com">Rob Miller</A> =
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Friday, =
February 15,=20
2002 6:40 AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] =
Lack of=20
Buy Candidates</DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial size=3D2>Even if we have a FTD =
from here, I=20
see few stocks worth buying. However, my short list =
is=20
overflowing. The only moderately attractive stocks I =
see on=20
the long side are those already in an uptrend that are =
riding=20
their lower channel.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT><FONT face=3DArial =
size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>Is shorting =
considered off=20
limits for this list? I know that WON discourages =
it, but he=20
also claimed to make good money from shorts in =
HTMMIS. As I=20
understand it, he discourages it as a medium for =
the=20
masses, nor necessarily for=20
everyone. </FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>Rob =20
=
</FONT></DIV></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BLOCKQ=
UOTE></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
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