Re: [CANSLIM] canslim-the best system?

From: "Patrick Wahl" <pjwahl@attbi.com>
Subject: Re: [CANSLIM] canslim-the best system?
Date: Tue, 19 Feb 2002 20:07:47 -0700

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Its really a methodology for identifying fast growing stocks, companies with at least
the potential to outperform the market, and its also a way to enter the stocks with
less risk than most methods. The idea is to get into companies that are in growing
industries or have products that will allow them to grow for a few years. Probably
many canslimers, myself included, too often reduce the stock selection process to
an EPS number and a chart pattern, but really the N part of Canslim is an important
part of the whole process, its just a tough one to evaluate at times. The idea is that
you will be in companies like Dell and Cisco and Microsoft and Home Depot
(provided you are a little lax with the S requirement). I think if you look at it that
way, it is one of the best systems, but applying it can be a difficult process at times.

On 18 Feb 2002 at 14:41, david frank wrote:

> since people are talking about honesty; is canslim the best system? that is what alot of people would like to know. that is why we would really want to know how much did you make using canslim last year or past years. i don't know if canslim is really the best system, i have never used it
during a bull market. i have 7 figures available to trade-so i trade in 1,000 to 10,000 share lots. i might have made $50k last year but i traded very few days, cut my loses short, took small profits, and was lucky on most of my trades. actually trading mutual funds in past years have been easier
since i could use all of my capital in one fund. talking about traders with large amount of money not trading canslim, how about WON stating in his seminar ads that his in-house money management team produced a return of 1,486% from 1998 through 2000. is this hype? i wonder how many shares of
stock they trade on how much capital? when WON states that type of return--it sounds like canslim is worthy of the best system. i sure would like to see that tax return!!! but noboby on this list states that they have returns near that or have made even 100% in one year-past or present using
nearly pure canslim principles. open to criticism and opinion. david frank
>

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