Go to Jeff Salisbury LWGate Home Page.From: "Dan Forant" <dforant1@nycap.rr.com>
Subject: Re: [CANSLIM] Market, Nasdaq 100
Date: Sun, 24 Feb 2002 17:46:13 -0500
Next Article (by Author): Re: [CANSLIM] Date: Sun, 24 Feb 2002 15:11:27 -0500 "Dan Forant"
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My point exactly, everyone has a concept of the concept :) DanF - ----- Original Message ----- From: "Doug Goertzen" <d_s_g67@hotmail.com> To: <canslim@lists.xmission.com> Sent: Sunday, February 24, 2002 10:33 AM Subject: Re: [CANSLIM] Market, Nasdaq 100 > I would say that you are both right. CANSLIM is simple, in the sense that > there are identifiable basics and a fairly easy to understand "spirit" of > investing. On the other hand, knowing yourself well enough to narrow the > generality of CANSLIM to an applicable set of rules that fit you and having > the discipline to consistently apply the rules even when it feels wrong > emotionally is much more difficult. > > A direct analogy is physical fitness. I can write out on one or two sheets > of paper a simple plan of diet, aerobic exercise, and resistance training > that will allow anyone to get in great shape in 3 months. Even with this > information easily available, there will only be a small percentage of > people with the internal ability and control to follow the plan relentlessly > until the results are achieved. > > Just my two cents (which, given my trading account and money management > rules, is all I can risk on any one opinion). > > -- Doug > > >From: "Katherine Malm" <kmalm@earthlink.net> > >Reply-To: canslim@lists.xmission.com > >To: <canslim@lists.xmission.com> > >Subject: Re: [CANSLIM] Market, Nasdaq 100 > >Date: Sat, 23 Feb 2002 16:28:06 -0600 > > > >Dan, > > > >Agreed that a business degree from Harvard is not necessary. > > > >I would also add, if CANSLIM is so "simple" then why is there a paper > >published each and every market day that continues to print lessons, an IBD > >advanced investment seminar at least twice a year, an updated edition of > >HTMMIS every so often, lists devoted to the CANSLIM discipline? Why is it > >that WON continues to refine and add to his lists of indicators or his > >market FTD rules? Why is it that each and every person who follows the > >CANSLIM discipline has not garnered at least a 25% compounded annual return > >each and every year? Because, while the *rules* are simple as you suggest, > >the *implementation* is not. There is always something new to learn, always > >a new "twist" on interpretation, always a new economic/business/market > >backdrop unfolding and the investor must always be intelligently conscious > >of these things. > > > >To the notion of "beating the bushes," I believe that an intelligent > >investor is always preparing for the market to go *either* direction and > >then willing to take trades in the appropriate direction (or if they don't > >short to stand aside). To idly sit by and discontinue mining for quality > >candidates because the market is in a downdraft is mindless and > >inappropriate whether a CANSLIMer or anything else. > > > >Katherine > > ----- Original Message ----- > > From: Dan Forant > > To: canslim@lists.xmission.com > > Sent: Saturday, February 23, 2002 4:07 PM > > Subject: 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 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 toes > >in the water unless you can do without them. I won't be steppin in puddles > >till the carnage is over using Canslim. Long after reading HTMMIS, a fairly > >simple form of stock picking, many in this group would lead you to 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 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 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 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 > >do, > > > however, differentiate between "hope" and "what I see" as 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, 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 > >discipline works > > > because it forces the trader/investor to read the signals and > >act > > > accordingly. > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > _______________________________________________________ > "While Piglet frets...and Eeyore hesitates...and Rabbit > calculates...and Owl pontificates...Pooh just is." > -- The Tao of Pooh > > MSN Messenger: d_s_g67@hotmail.com > > _________________________________________________________________ > Get your FREE download of MSN Explorer at http://explorer.msn.com/intl.asp. > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
Next Article (by Author): Re: [CANSLIM] Date: Sun, 24 Feb 2002 15:11:27 -0500 "Dan Forant"
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