AW: [CANSLIM] Market, Nasdaq 100

From: Andreas Himmelreich <judgejimmy@web.de>
Subject: AW: [CANSLIM] Market, Nasdaq 100
Date: Sun, 24 Feb 2002 16:57:03 +0100
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Dan,

I thought so too when I read the books from WON: Oh, that's easy. Its =
easy,=20
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=20
fundamentalists who do not believe in technical stuff have learned that=20
stupidity in university and the random walk stuff comes also from=20
academics.

But: I know some professors who also made it big time in the markets ... =
In=20
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=20
follow. It's book is just over 260 pages. Large print. All that is =
needed=20
is knowing the general guidelines. A business degree from Harvard isn't=20
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=20
it takes to implement CANSLIM effectively. Not only do you have to be =
ready=20
when the opportunity strikes, but have to select well, buy right AND =
sell=20
right to make money. While the "rules" of CANSLIM are straightforward, =
they=20
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 =
toes=20
in the water unless you can do without them. I won't be steppin in =
puddles=20
till the carnage is over using Canslim. Long after reading HTMMIS, a =
fairly=20
simple form of stock picking, many in this group would lead you to =
believe=20
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=20
confluence of economic/business/market/innovation cycles. What is most=20
interesting about this, however, is that although at the end of the =
period=20
the real returns on the market may be even, within that sideways market=20
there are waves of stock/industry movement to ride up and down. A=20
discipline like CANSLIM will allow us to make money during this type of=20
market but doesn't allow for the sloppiness in candidate mining/due=20
diligence/entry/exit afforded us by a Great Bull run. I just think a=20
sideways market will *force* us to be excellent investors and I can't =
see=20
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 =
year=20
sideway market, I
>         guess this would be similar to the market from the late 60's =
to=20
1982, so it is certainly
>         possible.  Not very encouraging, I hope you are wrong on this=20
one.  We were above
>         the long term growth trend of the market for so long that I=20
suppose a below trend
>         period is due.
>
>         (remember the books of a few years ago - Dow 30,000, and I =
think=20
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 =
do,
>         > however, differentiate between "hope" and "what I see" as =
they=20
are not
>         > one and the same. I have never believed that we were headed=20
into a
>         > raging Bull as the '82-'00 but instead into a long 10-15 =
year=20
sideways
>         > market. We have several forces working in=20
tandem--monetary/inflation
>         > cycles, earnings cycles, global interconnectedness, =
innovation=20
cycles,
>         > human nature, fiscal policy, market cycles, etc. Despite the =

fact that
>         > I was not investing during the last 100 years, I have =
studied=20
market
>         > history. For that reason, I simply "read what is and act =
upon=20
it" vs.
>         > "wish or hope that the market will go up." A CANSLIM =
discipline=20
works
>         > because it forces the trader/investor to read the signals =
and=20
act
>         > accordingly.
>
>
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