Go to Jeff Salisbury LWGate Home Page.From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Re: [CANSLIM] Date: Sun, 24 Feb 2002 15:11:27 -0500
Date: Sun, 24 Feb 2002 17:19:58 -0600
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This is a multi-part message in MIME format. - ------=_NextPart_000_0048_01C1BD57.7C18F7A0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Duke, I've been mulling over your "mother of all lists" idea all day. I = understand your desire to share "collective wisdom" regarding stock = picks, but I don't agree with it, for the same reason you listed in your = comment (b). Even more so, however, when I was reviewing archives in = many communities in order to decide which list to join, one of the = things I looked for was a community that hadn't reduced discussion of = CANSLIM down to endless stock "picks" but instead a discussion of the = underlying principles that make CANSLIM tick; processes for finding and = evaluating stocks; clarifications of investing concepts; and practice in = the interpretation of technicals, fundamentals, market health and = CANSLIM guidelines. While some may argue that such discussion makes = CANSLIM overly complex, I think this is precisely what makes this a = community that helps to build knowledgeable CANSLIMers. In my mind, it = is the exchange of ideas and viewpoints, not stock picks, which creates = value. Southwest Airlines has had many copycat competitors over the years, = attracted to the business by the notion that following Southwest's = "simple" approach to flying was easy and repeatable. All of the early = copycats' businesses failed because they did not understand the most = important part of Southwest's strategy, i.e., that many dedicated people = work exceptionally hard and utilize a complex systematic approach to = doing business that *appears* to be simple to the customers who fly with = them. Katherine - ----- Original Message -----=20 From: Duke Miller=20 To: Canslim@Lists. Xmission. Com=20 Sent: Sunday, February 24, 2002 2:12 PM Subject: [CANSLIM] Date: Sun, 24 Feb 2002 15:11:27 -0500 Being new to this list, I'd like to share a few observations and = proffer a what-if. a) Working through this market, tugging constantly with my buy = checklist, it helps to have company that's a) knowledgeable, b) successful (or committed to striving for it), and c) CERTAINLY unbiased! b) The debate herein over the merits of CANSLIM-this and/or = CANSLIM-that is unending (as it should be). The arguments haven't changed since the = concept was developed. NO matter how hard we try to stay between the lines, = we each have our own variation(s), don't we? c) It seems we're all watch-listing and waiting, ever confident the market's going to eventually break out ONLY when it's ready to. I = agree with Katherine, that we can certainly "mine" some winners these days. I've = got two that are showing promise, buy a dozen more I've been "whipsawed" = out of. (One thing WON taught me is not to "hide" from my blunders, rather = study and learn from them. I still hate doing that!) I think you'll all agree, trying to unearth the one stock in four that doesn't shake us out unmercifully in this market we're in is not fun. = So here's a what if from the glistening Gulf shores of Anna Maria = Island: Is it conceivable we might better devote our time to channeling our = collective energies toward building "all-star" watch list? One that, when the M = does turn, we can be ready in the wings? Forgive me if the thought isn't totally developed yet (or original to = this group), but what if...those interested "sign up" to each "nominate" = one, two, or three personal-favorite watch stocks. Ones you'd buy for your = own mother! (The "mother" of all lists???) And we take that list, follow = its contents' progress together and, on-going, "debate" the merits of each "nomination," old or new. Just today we got lists from Tim and John; I wonder which three from = each list they'd nominate for the Mother List? IMHO, this: a) would help us expand and refine our own lists; b) = steepen our CANSLIM learning curves via the debates; c) benefit all of us when the tide(s) turn; and c), would be a source for a little fun (while we = wait for M)! If there's enough interest, I'll be glad to suggest a nomination = checklist which we can improvise as we go along, etc, etc, etc. So what do you = think? A final note: I'm out of town until Thursday, but will be monitoring = as best I can from my remote hotmail account, iffy at best. Worst case scenario, I'll compile a wrap-up of your input by week's end. Duke - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - ------=_NextPart_000_0048_01C1BD57.7C18F7A0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable <!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD> <META http-equiv=3DContent-Type content=3D"text/html; = charset=3Diso-8859-1"> <META content=3D"MSHTML 5.50.4807.2300" name=3DGENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=3D#ffffff> <DIV>Hi Duke,</DIV> <DIV> </DIV> <DIV>I've been mulling over your "mother of all lists" idea all day. I=20 understand your desire to share "collective wisdom" regarding stock = picks, but I=20 don't agree with it, for the same reason you listed in your comment (b). = Even=20 more so, however, when I was reviewing archives in many communities in = order to=20 decide which list to join, one of the things I looked for was a = community that=20 hadn't reduced discussion of CANSLIM down to endless stock "picks" but = instead a=20 discussion of the underlying principles that make CANSLIM tick; = processes for=20 finding and evaluating stocks; clarifications of investing=20 concepts; and practice in the interpretation of technicals,=20 fundamentals, market health and CANSLIM guidelines. While some may argue = that=20 such discussion makes CANSLIM overly complex, I think this is precisely = what=20 makes this a community that helps to build knowledgeable CANSLIMers. In = my mind,=20 it is the exchange of ideas and viewpoints, not stock picks, which = creates=20 value.</DIV> <DIV> </DIV> <DIV>Southwest Airlines has had many copycat competitors over the years, = attracted to the business by the notion that following Southwest's = "simple"=20 approach to flying was easy and repeatable. All of the early copycats'=20 businesses failed because they did not understand the most important = part of=20 Southwest's strategy, i.e., that many dedicated people work = exceptionally hard=20 and utilize a complex systematic approach to doing business that = *appears* to be=20 simple to the customers who fly with them.</DIV> <DIV> </DIV> <DIV>Katherine</DIV> <DIV> </DIV> <DIV>----- Original Message ----- </DIV> <BLOCKQUOTE=20 style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; = BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px"> <DIV=20 style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: = black"><B>From:</B>=20 <A title=3Ddukemill@tampabay.rr.com = href=3D"mailto:dukemill@tampabay.rr.com">Duke=20 Miller</A> </DIV> <DIV style=3D"FONT: 10pt arial"><B>To:</B> <A = title=3Dcanslim@lists.xmission.com=20 href=3D"mailto:Canslim@Lists. Xmission. Com">Canslim@Lists. Xmission. = Com</A>=20 </DIV> <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Sunday, February 24, 2002 = 2:12=20 PM</DIV> <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] Date: Sun, = 24 Feb 2002=20 15:11:27 -0500</DIV> <DIV><BR></DIV>Being new to this list, I'd like to share a few = observations=20 and proffer a<BR>what-if.<BR><BR>a) Working through this market, = tugging=20 constantly with my buy checklist,<BR>it helps to have company that's = a)=20 knowledgeable, b) successful (or<BR>committed to striving for it), and = c)=20 CERTAINLY unbiased!<BR><BR>b) The debate herein over the merits = of=20 CANSLIM-this and/or CANSLIM-that is<BR>unending (as it should = be). The=20 arguments haven't changed since the concept<BR>was developed. NO = matter=20 how hard we try to stay between the lines, we each<BR>have our own=20 variation(s), don't we?<BR><BR>c) It seems we're all = watch-listing and=20 waiting, ever confident the<BR>market's going to eventually break out = ONLY=20 when it's ready to. I agree with<BR>Katherine, that we can certainly = "mine"=20 some winners these days. I've got<BR>two that are showing = promise, buy a=20 dozen more I've been "whipsawed" out of.<BR>(One thing WON taught me = is not to=20 "hide" from my blunders, rather study and<BR>learn from them. I = still=20 hate doing that!)<BR><BR>I think you'll all agree, trying to unearth = the one=20 stock in four that<BR>doesn't shake us out unmercifully in this market = we're=20 in is not fun. So<BR>here's a what if from the glistening = Gulf=20 shores of Anna Maria Island: Is<BR>it conceivable we might = better devote=20 our time to channeling our collective<BR>energies toward building = "all-star"=20 watch list? One that, when the M does<BR>turn, we can be ready = in the=20 wings?<BR><BR>Forgive me if the thought isn't totally developed yet = (or=20 original to this<BR>group), but what if...those interested "sign up" = to each=20 "nominate" one,<BR>two, or three personal-favorite watch stocks. = Ones=20 you'd buy for your own<BR>mother! (The "mother" of all = lists???) =20 And we take that list, follow its<BR>contents' progress together and,=20 on-going, "debate" the merits of each<BR>"nomination," old or = new.<BR><BR>Just=20 today we got lists from Tim and John; I wonder which three from=20 each<BR>list they'd nominate for the Mother List?<BR><BR>IMHO, this: = a) would=20 help us expand and refine our own lists; b) steepen our<BR>CANSLIM = learning=20 curves via the debates; c) benefit all of us when the<BR>tide(s) turn; = and c),=20 would be a source for a little fun (while we wait for<BR>M)!<BR><BR>If = there's=20 enough interest, I'll be glad to suggest a nomination = checklist<BR>which we=20 can improvise as we go along, etc, etc, etc. So what do you=20 think?<BR><BR>A final note: I'm out of town until Thursday, but = will be=20 monitoring as<BR>best I can from my remote hotmail account, iffy at=20 best. Worst case<BR>scenario, I'll compile a wrap-up of your = input by=20 week's end.<BR><BR>Duke<BR><BR><BR><BR><BR><BR>-<BR>-To = subscribe/unsubscribe,=20 email "<A=20 = href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>-In= the=20 email body, write "subscribe canslim" or<BR>-"unsubscribe = canslim". Do=20 not use quotes in your email.</BLOCKQUOTE></BODY></HTML> - ------=_NextPart_000_0048_01C1BD57.7C18F7A0-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
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