Re: [CANSLIM] canslim-the best system?

From: "Tim Fisher" <Tim@orerockon.com>
Subject: Re: [CANSLIM] canslim-the best system?
Date: 20 Feb 2002 16:14:57 -0800

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Like I said, and others can probably confirm, strict adherence to CANSLIM 
would limit your losses to about 15% of your capital. My losses have been 
less than that since March 2000. And I did not practice strict CANSLIM 
since then (nor did I set out to) on my entire portfolio. However only the 
CANSLIM trades have made any money. Without the non-CANSLIM trades and 
funds, I would have probably shown a meager profit from March 2000 to today.

At 10:06 PM 2/19/2002 -0500, you wrote:
>Katherine?
>
>What?  Let me get this straight, CANSLIMERS only wasted 11% of their 
>portfolio since March 2000. Even if they played it to the letter. I'd like 
>to see some hard numbers before I believed that. If possible maybe someone 
>could run the bonefide break out stocks since March 2000 and we'll see 
>what the numbers are. My moneys on more than 11% loss.
>
>L8ter
>DanF
>----- Original Message -----
>From: <mailto:kmalm@earthlink.net>Katherine Malm
>To: <mailto:canslim@lists.xmission.com>canslim@lists.xmission.com
>Sent: Tuesday, February 19, 2002 5:56 PM
>Subject: Re: [CANSLIM] canslim-the best system?
>
>David and all,
>
>Here's another statistic to add to the discussion:
>
>According to Bill O'Neil, "80% to 90% of investors lost 50% to 75% of 
>their equity" since the bear market began in March of 2000.
>
>Ask yourself this question--"am I one of those statistics, or, as a result 
>of following CANSLIM did I *keep* at least 80-90% of the value of my 
>portfolio since March 2000" If you were following CANSLIM during the last 
>couple of years, your answer will be "YES!"'
>
>I truly believe that the stocks you *don't* buy are just as important as 
>those you *do* buy.
>
>Katherine
>----- Original Message -----
>From: <mailto:camelot.homes@charter.net>david frank
>To: <mailto:canslim@lists.xmission.com>canslim@lists.xmission.com
>Sent: Monday, February 18, 2002 2:41 PM
>Subject: [CANSLIM] canslim-the best system?
>
>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

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


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