AW: [CANSLIM] Market, Nasdaq 100

From: Andreas Himmelreich <judgejimmy@web.de>
Subject: AW: [CANSLIM] Market, Nasdaq 100
Date: Sun, 24 Feb 2002 18:11:23 +0100
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Dan,

On the same page: Canslim is a method in within a system that contains=20
other methods. Every method has its time, so - theoretical - there is no =

time you can not make money.

Nevertheless I can understand if one says: Canslim is my system and I =
stick=20
to it.

Best Regards

Andreas

> -----Urspr=FCngliche Nachricht-----
> Von:	Dan Forant [SMTP:dforant1@nycap.rr.com]
> Gesendet am:	Sunday, February 24, 2002 5:48 PM
> An:	canslim@lists.xmission.com
> Betreff:	Re: [CANSLIM] Market, Nasdaq 100
>
> Andreas,
>
> Exactly my past points, the Canslim system needs the Market to=20
contribute.
> Otherwise your just tinkering with Canslim. According to the NY Post=20
today,
> the earnings are going up in the 2nd 1/4 slightly and a big move in =
the=20
3rd
> and 4th. Then again these are the same dudes that enlightened us with=20
good
> news for the past 2 years. Be wary, at this point I have more faith in
> technical analysis.
>
> L8ter
> DanF
> ----- Original Message -----
> From: "Andreas Himmelreich" <judgejimmy@web.de>
> To: <canslim@lists.xmission.com>
> Sent: Sunday, February 24, 2002 10:57 AM
> Subject: AW: [CANSLIM] Market, Nasdaq 100
>
>
> Dan,
>
> I thought so too when I read the books from WON: Oh, that's easy. Its=20
easy,
> but the market needs to be canslim like (like Nov - Dez last year).
>
> A business degree is not needed. I even have investment friends who =
tell
> me:
> A business degree does hurt. Well I give them some credit, a lot of
> fundamentalists who do not believe in technical stuff have learned =
that
> stupidity in university and the random walk stuff comes also from
> academics.
>
> But: I know some professors who also made it big time in the markets =
...=20
In
> 15 years, I am hopefully one of them ;-)
>
> Andreas
>
>
> > -----Urspr=FCngliche Nachricht-----
> > Von: Dan Forant [SMTP:dforant1@nycap.rr.com]
> > Gesendet am: Saturday, February 23, 2002 11:07 PM
> > An: canslim@lists.xmission.com
> > Betreff: Re: [CANSLIM] Market, Nasdaq 100
> >
> > Katherine,
> >
> > Well, we must agree to disagree here. Canslim is a simple system to
> follow. It's book is just over 260 pages. Large print. All that is =
needed
> is knowing the general guidelines. A business degree from Harvard =
isn't
> necessary.
> >
> > L8ter
> > DanF
> >   ----- Original Message -----
> >   From: Katherine Malm
> >   To: canslim@lists.xmission.com
> >   Sent: Saturday, February 23, 2002 3:47 PM
> >   Subject: Re: [CANSLIM] Market, Nasdaq 100
> >
> >
> >   Dan,
> >
> >   I'd say there's a world of difference between "brain surgery" and =
"a
> thinking person's system." On the same note, I wouldn't oversimplify =
what
> it takes to implement CANSLIM effectively. Not only do you have to be=20
ready
> when the opportunity strikes, but have to select well, buy right AND =
sell
> right to make money. While the "rules" of CANSLIM are straightforward, =

they
> are not *simplistic" and neither is the market nor the economy.
> >
> >   Katherine
> >     ----- Original Message -----
> >     From: Dan Forant
> >     To: canslim@lists.xmission.com
> >     Sent: Saturday, February 23, 2002 2:41 PM
> >     Subject: Re: [CANSLIM] Market, Nasdaq 100
> >
> >
> >     Interpretation for the new Cansliim investors, don't stick your=20
toes
> in the water unless you can do without them. I won't be steppin in=20
puddles
> till the carnage is over using Canslim. Long after reading HTMMIS, a=20
fairly
> simple form of stock picking, many in this group would lead you to=20
believe
> it's brain surgery. Remember the KISS rule.
> >
> >     L8ter
> >     DanF
> >       ----- Original Message -----
> >       From: Katherine Malm
> >       To: canslim@lists.xmission.com
> >       Sent: Saturday, February 23, 2002 1:21 PM
> >       Subject: Re: [CANSLIM] Market, Nasdaq 100
> >
> >
> >       Hi Patrick,
> >
> >       The sideways market seems the most plausible scenario given =
the
> confluence of economic/business/market/innovation cycles. What is most
> interesting about this, however, is that although at the end of the=20
period
> the real returns on the market may be even, within that sideways =
market
> there are waves of stock/industry movement to ride up and down. A
> discipline like CANSLIM will allow us to make money during this type =
of
> market but doesn't allow for the sloppiness in candidate mining/due
> diligence/entry/exit afforded us by a Great Bull run. I just think a
> sideways market will *force* us to be excellent investors and I can't =
see
> that that's a bad thing.
> >
> >       Katherine
> >         ----- Original Message -----
> >         From: Patrick Wahl
> >         To: canslim@lists.xmission.com
> >         Sent: Saturday, February 23, 2002 11:19 AM
> >         Subject: Re: [CANSLIM] Market, Nasdaq 100
> >
> >
> >         I've seen several people make the same forecast for a 10-15=20
year
> sideway market, I
> >         guess this would be similar to the market from the late 60's =
to
> 1982, so it is certainly
> >         possible.  Not very encouraging, I hope you are wrong on =
this
> one.  We were above
> >         the long term growth trend of the market for so long that I
> suppose a below trend
> >         period is due.
> >
> >         (remember the books of a few years ago - Dow 30,000, and I=20
think
> there was also a
> >         Dow 50,000.  Wonder where the authors stand on this now.)
> >
> >         On 22 Feb 2002 at 17:11, Katherine Malm wrote:
> >
> >         > I remember your remark, Fred, and I heed well the advise. =
I=20
do,
> >         > however, differentiate between "hope" and "what I see" as=20
they
> are not
> >         > one and the same. I have never believed that we were =
headed
> into a
> >         > raging Bull as the '82-'00 but instead into a long 10-15 =
year
> sideways
> >         > market. We have several forces working in
> tandem--monetary/inflation
> >         > cycles, earnings cycles, global interconnectedness,=20
innovation
> cycles,
> >         > human nature, fiscal policy, market cycles, etc. Despite =
the
> fact that
> >         > I was not investing during the last 100 years, I have =
studied
> market
> >         > history. For that reason, I simply "read what is and act =
upon
> it" vs.
> >         > "wish or hope that the market will go up." A CANSLIM=20
discipline
> works
> >         > because it forces the trader/investor to read the signals =
and
> act
> >         > accordingly.
> >
> >
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