Re: AW: [CANSLIM] Lack of Buy Candidates

From: "Tim Fisher" <Tim@orerockon.com>
Subject: Re: AW: [CANSLIM] Lack of Buy Candidates
Date: 18 Feb 2002 10:39:46 -0800

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Better than my -7.18% (annualized IRR for 1/1/01-12/31/01 from Quicken)!

At 07:05 AM 2/18/2002 -0500, you wrote:
>Thanks for the defense, Katherine,
>
>My claim of 76% return last year is a simple calculation of the net gain 
>of the total portfolio divided by the value of the portfolio at the start 
>of the year. If David chooses to suggest I am lying, I am willing to post 
>my year end statement showing the net gain for the year (with the acct # 
>and SS # concealed). I will, of course, also graciously accept his public 
>apology.
>
>My only "self controlled" account was my IRA, so there was no tax issue. 
>My expenses for DGO and other net services was not considered in the 
>calculation.
>
>I was forced to liquidate my shares in my Employee Option Plan in late 
>summer, and converted the Euros to US $ and brought them home (US 
>residents were not permitted to swap into shares of the acquiring company, 
>Allianz, a major insurer). Turned out to be a good thing as Allianz shares 
>got sliced in half by September 11 attacks. I did not re-invest this money 
>as I planned to use it for major renovations on my house. Since that plan 
>has now been postponed, I fully invested this money on margin a few weeks 
>ago. I did not consider it as "investable" money during 2001.
>
>I worked as an active broker, without a single customer complaint, for 
>eight years handling well over 200 clients. The entire relationship, 
>usually conducted over the phone without ever having met the client, was 
>totally based on trust. I learned over 4 decades ago it was easier to tell 
>the truth and not waste energy trying to keep the story "straight".  My 
>personal accounts were always open to my clients to review if they wished. 
>In 8 years, not a single one ever requested this. I know of no other stock 
>broker that ever made a similar offer to his clients. Of course, they were 
>paying me a commission, unlike David.
>
>Because I have worked with WON's staff and products and CANSLIM for so 
>many years, I understand the rules pretty well, and recognize when I am 
>consciously violating them. It is for this reason that I do not post my 
>stock picks, other than as a disclosure when they make the WWW list. What 
>I do in my personal investing works for me, and I am comfortable with the 
>risks I take. But I have repeatedly said that most investors should stay 
>away from both small/micro cap stocks, as well as low priced. That I do 
>both is a testament to my level of risk taking, as well as understanding 
>of these type investments. It is also why I put in 4 hours or so a day on 
>the net, in addition to my 11-12 hour work day.
>
>Best regards to you and please keep up all the quality posts you 
>generously give us,
>
>Tom Worley
><mailto:stkguru@netside.net>stkguru@netside.net
>AIM: TexWorley

Tim Fisher
Ore-ROCK-On Rockhounding Web Site
Pacific Fishery Biologists Information
mailto:tim@OreRockOn.com
WWW http://OreRockOn.com


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