Go to Jeff Salisbury LWGate Home Page.From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Re: AW: [CANSLIM] Lack of Buy Candidates
Date: Sat, 16 Feb 2002 09:18:24 -0600
Next Article (by Date): Re: [CANSLIM] MTH, Projected Earnings "Tom Worley"
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This is a multi-part message in MIME format. - ------=_NextPart_000_0032_01C1B6CA.E2D2CF40 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Excellent points, esetser. Something I notice about Tom, in addition to his willingness to step up = to the plate and offer a point of view, is that he has a solid and = consistent approach to investing. He has a plan and sticks with it and = is always sure to point out where his own methodology differs from the = CANSLIM party line. Shorting individual equities is a personal choice by = each individual investor and, if trading/investing monies are primarily = in nonmarginable retirement accounts, it's not an option (though they = can use options or bear funds as an alternative.) That Tom is willing to share his returns is evidence that it *is* = possible to find good stocks, even in a down market. The investor just = has to learn to keep their wits about them as they set sail. Katherine - ----- Original Message -----=20 From: esetser=20 To: canslim@lists.xmission.com=20 Sent: Saturday, February 16, 2002 10:01 AM Subject: Re: AW: [CANSLIM] Lack of Buy Candidates Be careful here, Tom has his own special breed of CANSLIM, and it = seems that his returns have NOT been a good indicator of average returns in = the group. Unless I'm mistaken, Tom was losing money or breaking even = back in the roaring bull, so maybe it was just his turn!! Tom does at least the following different from my approach (just from = memory): 1 - Microcaps only (below the minimum recommended by WON) (S?) 2 - Buys in the base before the breakout (Needs to because of 1) 3 - Doesn't use Industry Group Strength as a leader/laggard indicator = (I) 4 - Buys in all markets (M) From my perspective, he violates the normal rules for S, I, and M. However, Tom does admit to this, and doesn't even generally post his selections due to these variations.=20 Given the differences, I think it should be expected that Tom's = performance over a given year will vary from many of us. (And there is that one = stock that has appreciated several times his original investment that is impacting the results too!) One other note. From my perspective, Tom's value to the group is his willingness to take the time to review most anyone's suggestions and selections and give great detail in his responses. His general = approach may not follow CANSLIM exactly, but his postings to the group do = following WON quite closely. He is our master educator on the technique, and = gives a lot of time and effort to the group. FWIW, I ended up 2001 with about a 13% loss and am down about 6% more = this year so far. Presently, I am only 25% invested with one position. I = am not really responding on the group much, since I do not feel I have = the experience to short, and I am waiting for "M" to clear up before new purchases.=20 At 11:36 AM 2/16/02 +0100, you wrote: >I think Tom bend only one rule --> stay out of the market if there is = a=20 >downtrend in the overall market. > >But as I said, if you choose small caps and or IGs that are going up, = no=20 >problem making money on the long side. >Just look on the builders or on the gold stocks latley ... > >BUT NEVER, NEVER buy stocks when the market and the IG is down. >I have not seen one example where a member of the group does not = break down=20 >then (besides its a small cap) as well. > >Some IGs are just setting up a bull market for its members no matter = what=20 >the market is doing. > >> -----Urspr=FCngliche Nachricht----- >> Von: Tom Worley [SMTP:stkguru@netside.net] >> Gesendet am: Saturday, February 16, 2002 6:19 AM >> An: canslim@lists.xmission.com >> Betreff: Re: [CANSLIM] Lack of Buy Candidates >> >> While I routinely violate CANSLIM rules, nonetheless my entire = process is=20 >heavily based in CANSLIM. And I netted 76% for the full year, so = yeah, I=20 >made a net profit. >> >> Tom Worley >> stkguru@netside.net >> AIM: TexWorley >> ----- Original Message ----- >> From: David Squires >> To: canslim@lists.xmission.com >> 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 = $$=20 >last year, and profitable so far this year (including my fully = margined=20 >account). >> >> >>fully invested year round, made lots of $$ 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 ----- >> From: Tom Worley >> To: canslim@lists.xmission.com >> 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 $$=20 >last year, and profitable so far this year (including my fully = margined=20 >account). >> >> Tom Worley >> stkguru@netside.net >> AIM: TexWorley >> ----- Original Message ----- >> From: Dan Forant >> To: canslim@lists.xmission.com >> Sent: Friday, February 15, 2002 8:03 PM >> Subject: Re: [CANSLIM] Lack of Buy Candidates >> >> >> Of course it's absurd. If anyone's been in the market for the = past=20 >year and hasn't shorted and made $$, they are either very lucky or = far=20 >better than the average investor. There was no shortage of stocks to = short=20 >in TC2000 and candlesticks. >> >> L8ter >> DanF >> ----- Original Message ----- >> From: Ian >> To: canslim@lists.xmission.com >> 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=20 >of WON's ideas appear to have originated with Jesse Livermore, who = made the=20 >bulk of his money on the short side. The rules for selling a big = CANSLIM=20 >winner make for perfect short candidates. Although selling a failed=20 >breakout as it returns into its base is NOT typically a good short=20 >candidate. JMHO. >> >> Ian >> >> >> >> ----- Original Message ----- >> From: Rob Miller >> To: canslim@lists.xmission.com >> 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.=20 > However, my short list is overflowing. The only moderately = attractive=20 >stocks I see on the long side are those already in an uptrend that = are=20 >riding their lower channel. >> >> Is shorting considered off limits for this list? I know = that=20 >WON discourages it, but he also claimed to make good money from = shorts in=20 >HTMMIS. As I understand it, he discourages it as a medium for the = masses,=20 >nor necessarily for everyone. >> >> Rob >> << Datei: ATT00014.htm >>=20 > >- >-To subscribe/unsubscribe, email "majordomo@xmission.com" >-In the email body, write "subscribe canslim" or >-"unsubscribe canslim". Do not use quotes in your email. > > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - ------=_NextPart_000_0032_01C1B6CA.E2D2CF40 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable <!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD> <META http-equiv=3DContent-Type content=3D"text/html; = charset=3Diso-8859-1"> <META content=3D"MSHTML 5.50.4807.2300" name=3DGENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=3D#ffffff> <DIV>Excellent points, esetser.</DIV> <DIV> </DIV> <DIV>Something I notice about Tom, in addition to his willingness to = step up to=20 the plate and offer a point of view, is that he has a solid and = consistent=20 approach to investing. He has a plan and sticks with it and is always = sure to=20 point out where his own methodology differs from the CANSLIM party line. = Shorting individual equities is a personal choice by each individual = investor=20 and, if trading/investing monies are primarily in nonmarginable = retirement=20 accounts, it's not an option (though they can use options or bear funds = as an=20 alternative.)</DIV> <DIV> </DIV> <DIV>That Tom is willing to share his returns is evidence that it *is* = possible=20 to find good stocks, even in a down market. The investor just has to = learn to=20 keep their wits about them as they set sail.</DIV> <DIV> </DIV> <DIV>Katherine</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=3Desetser@covad.net = href=3D"mailto:esetser@covad.net">esetser</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>= </DIV> <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Saturday, February 16, = 2002 10:01=20 AM</DIV> <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: AW: [CANSLIM] Lack = of Buy=20 Candidates</DIV> <DIV><BR></DIV>Be careful here, Tom has his own special breed of = CANSLIM, and=20 it seems<BR>that his returns have NOT been a good indicator of average = returns=20 in the<BR>group. Unless I'm mistaken, Tom was losing money or = breaking=20 even back in<BR>the roaring bull, so maybe it was just his = turn!!<BR><BR>Tom=20 does at least the following different from my approach (just from=20 memory):<BR><BR>1 - Microcaps only (below the minimum recommended by = WON)=20 (S?)<BR>2 - Buys in the base before the breakout (Needs to because of = 1)<BR>3=20 - Doesn't use Industry Group Strength as a leader/laggard indicator = (I)<BR>4 -=20 Buys in all markets (M)<BR><BR>From my perspective, he violates the = normal=20 rules for S, I, and M.<BR>However, Tom does admit to this, and doesn't = even=20 generally post his<BR>selections due to these variations. = <BR><BR>Given the=20 differences, I think it should be expected that Tom's = performance<BR>over a=20 given year will vary from many of us. (And there is that one=20 stock<BR>that has appreciated several times his original investment = that=20 is<BR>impacting the results too!)<BR><BR>One other note. From my = perspective, Tom's value to the group is his<BR>willingness to take = the time=20 to review most anyone's suggestions and<BR>selections and give great = detail in=20 his responses. His general approach<BR>may not follow CANSLIM = exactly,=20 but his postings to the group do following<BR>WON quite closely. = He is=20 our master educator on the technique, and gives a<BR>lot of time and = effort to=20 the group.<BR><BR>FWIW, I ended up 2001 with about a 13% loss and am = down=20 about 6% more this<BR>year so far. Presently, I am only 25% = invested=20 with one position. I am<BR>not really responding on the = group=20 much, since I do not feel I have the<BR>experience to short, and I am = waiting=20 for "M" to clear up before new<BR>purchases. <BR><BR><BR><BR><BR>At = 11:36 AM=20 2/16/02 +0100, you wrote:<BR>>I think Tom bend only one rule --> = stay=20 out of the market if there is a <BR>>downtrend in the overall=20 market.<BR>><BR>>But as I said, if you choose small caps and or = IGs that=20 are going up, no <BR>>problem making money on the long = side.<BR>>Just=20 look on the builders or on the gold stocks latley = ...<BR>><BR>>BUT=20 NEVER, NEVER buy stocks when the market and the IG is down.<BR>>I = have not=20 seen one example where a member of the group does not break down = <BR>>then=20 (besides its a small cap) as well.<BR>><BR>>Some IGs are just = setting up=20 a bull market for its members no matter what <BR>>the market is=20 doing.<BR>><BR>>> -----Urspr=FCngliche = Nachricht-----<BR>>> Von:=20 Tom Worley [SMTP:stkguru@netside.net]<BR>>> Gesendet am: = Saturday,=20 February 16, 2002 6:19 AM<BR>>> An: <A=20 = href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>= <BR>>>=20 Betreff: Re: [CANSLIM] Lack of Buy Candidates<BR>>><BR>>> = While I=20 routinely violate CANSLIM rules, nonetheless my entire process is=20 <BR>>heavily based in CANSLIM. And I netted 76% for the full year, = so yeah,=20 I <BR>>made a net profit.<BR>>><BR>>> Tom = Worley<BR>>> <A=20 = href=3D"mailto:stkguru@netside.net">stkguru@netside.net</A><BR>>> = AIM:=20 TexWorley<BR>>> ----- Original Message=20 -----<BR>>> From: David = Squires<BR>>> To:=20 <A=20 = href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>= <BR>>> =20 Sent: Saturday, February 16, 2002 12:11 AM<BR>>> = Subject:=20 Re: [CANSLIM] Lack of Buy=20 Candidates<BR>>><BR>>><BR>>> haven't = shorted in=20 years, fully invested year round, made lots of $$ <BR>>last year, = and=20 profitable so far this year (including my fully margined=20 <BR>>account).<BR>>><BR>>> >>fully = invested=20 year round, made lots of $$ last=20 year<<<BR>>><BR>>> You were fully = invested last=20 year long and made a net profit? You <BR>>better call George Soros! = BTW, is=20 this even remotely CANSLIM.<BR>>><BR>>> =20 DSquires<BR>>> ----- Original Message=20 -----<BR>>> From: Tom=20 Worley<BR>>> To: <A=20 = href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>= <BR>>> =20 Sent: Friday, February 15, 2002 10:47 = PM<BR>>> =20 Subject: Re: [CANSLIM] Lack of Buy=20 Candidates<BR>>><BR>>><BR>>> = haven't=20 shorted in years, fully invested year round, made lots of $$ = <BR>>last=20 year, and profitable so far this year (including my fully margined=20 <BR>>account).<BR>>><BR>>> Tom=20 Worley<BR>>> <A=20 = href=3D"mailto:stkguru@netside.net">stkguru@netside.net</A><BR>>>&n= bsp; =20 AIM: TexWorley<BR>>> ----- = Original=20 Message -----<BR>>> From: = Dan=20 Forant<BR>>> To: <A=20 = href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>= <BR>>> =20 Sent: Friday, February 15, 2002 8:03=20 PM<BR>>> Subject: Re: = [CANSLIM] Lack=20 of Buy=20 = Candidates<BR>>><BR>>><BR>>> &nb= sp; =20 Of course it's absurd. If anyone's been in the market for the past=20 <BR>>year and hasn't shorted and made $$, they are either very = lucky or far=20 <BR>>better than the average investor. There was no shortage of = stocks to=20 short <BR>>in TC2000 and=20 = candlesticks.<BR>>><BR>>> = =20 L8ter<BR>>> =20 DanF<BR>>> ----- = Original Message=20 -----<BR>>> = From:=20 Ian<BR>>> To: <A = = href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>= <BR>>> =20 Sent: Friday, February 15, 2002 11:13=20 AM<BR>>> = Subject: Re:=20 [CANSLIM] Lack of Buy=20 = Candidates<BR>>><BR>>><BR>>> &nb= sp; =20 I find it almost absurd that WON discourages shorting. Almost all = <BR>>of=20 WON's ideas appear to have originated with Jesse Livermore, who made = the=20 <BR>>bulk of his money on the short side. The rules for selling a = big=20 CANSLIM <BR>>winner make for perfect short candidates. Although = selling a=20 failed <BR>>breakout as it returns into its base is NOT typically a = good=20 short <BR>>candidate.=20 = JMHO.<BR>>><BR>>> &n= bsp;=20 = Ian<BR>>><BR>>><BR>>><BR>>> &nbs= p; =20 ----- Original Message=20 = - -----<BR>>> &n= bsp;=20 From: Rob=20 = Miller<BR>>> &= nbsp;=20 To: <A=20 = href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>= <BR>>> = Sent: Friday, February 15, 2002 6:40=20 = AM<BR>>>  = ;=20 Subject: [CANSLIM] Lack of Buy=20 = Candidates<BR>>><BR>>><BR>>> &nb= sp; =20 Even if we have a FTD from here, I see few stocks worth buying. = <BR>>=20 However, my short list is overflowing. The only moderately = attractive=20 <BR>>stocks I see on the long side are those already in an uptrend = that are=20 <BR>>riding their lower=20 = channel.<BR>>><BR>>>  = ; =20 Is shorting considered off limits for this list? I know that = <BR>>WON=20 discourages it, but he also claimed to make good money from shorts in=20 <BR>>HTMMIS. As I understand it, he discourages it as a = medium for=20 the masses, <BR>>nor necessarily for=20 = everyone.<BR>>><BR>>> &nbs= p; =20 Rob<BR>>> << Datei: ATT00014.htm >>=20 <BR>><BR>>-<BR>>-To subscribe/unsubscribe, email "<A=20 = href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>>= ;-In=20 the email body, write "subscribe canslim" or<BR>>-"unsubscribe=20 canslim". Do not use quotes in your=20 email.<BR>><BR>><BR><BR><BR>-<BR>-To subscribe/unsubscribe, = email "<A=20 = href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>-In= the=20 email body, write "subscribe canslim" or<BR>-"unsubscribe = canslim". Do=20 not use quotes in your email.<BR></BLOCKQUOTE></BODY></HTML> - ------=_NextPart_000_0032_01C1B6CA.E2D2CF40-- - - - -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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