Re: [CANSLIM] Market, Nasdaq 100

From: "Dan Forant" <dforant1@nycap.rr.com>
Subject: Re: [CANSLIM] Market, Nasdaq 100
Date: Sun, 24 Feb 2002 17:46:13 -0500
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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
>
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> -In the email body, write "subscribe canslim" or
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