Re: [CANSLIM] Market, Nasdaq 100

From: "Dan Forant" <dforant1@nycap.rr.com>
Subject: Re: [CANSLIM] Market, Nasdaq 100
Date: Sun, 24 Feb 2002 11:48:21 -0500
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Andreas,

Exactly my past points, the Canslim system needs the Market to contribute.
Otherwise your just tinkering with Canslim. According to the NY Post toda=
y,
the earnings are going up in the 2nd 1/4 slightly and a big move in the 3=
rd
and 4th. Then again these are the same dudes that enlightened us with goo=
d
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 eas=
y,
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 ... =
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 rea=
dy
when the opportunity strikes, but have to select well, buy right AND sell
right to make money. While the "rules" of CANSLIM are straightforward, th=
ey
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 toe=
s
in the water unless you can do without them. I won't be steppin in puddle=
s
till the carnage is over using Canslim. Long after reading HTMMIS, a fair=
ly
simple form of stock picking, many in this group would lead you to believ=
e
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 perio=
d
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 yea=
r
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 thin=
k
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 d=
o,
>         > however, differentiate between "hope" and "what I see" as the=
y
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, innovatio=
n
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 discipli=
ne
works
>         > because it forces the trader/investor to read the signals and
act
>         > accordingly.
>
>
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>  << Datei: ATT00006.htm >>

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