Go to Jeff Salisbury LWGate Home Page.From: "Duke Miller" <dukemill@tampabay.rr.com>
Subject: RE: [CANSLIM] Date: Sun, 24 Feb 2002 15:11:27 -0500
Date: Sun, 24 Feb 2002 18:50:42 -0500
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Top of Thread: Re: [CANSLIM] Date: Sun, 24 Feb 2002 15:11:27 -0500 "Katherine Malm"
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Katherine:
I understand TOTALLY your opinion; I joined this list for many of the same
reasons you did.
But...your rationale for joining this list only SUPPORTS my concept. What
better way to become adept and expand your horizons regarding CANSLIM than
with real life, actual examples, I.e., our LIMITED submissions of potential
CANSLIM stocks (not "stock picks") for the Mother List?
Have you been to a CANSLIM seminar? I don't know about you, but 90% of my
takeaway is in the form of actual charts illustrating real life situations
with notes as to the discussions. I see a lot of that in the Mother list:
Forcing "members" to justify their picks before they make this list has
immense educational potential. In other words, don't tell us you think this
is a good pick....tell us WHY!
So, my intent is NOT to have the concept become a list of stock picks.
Rather, a list of stocks that students of CANSLIM are damn near willing to
fight for; stocks they don't want to see removed from the list for this
reason or that; stocks they (and all others) can potentially make money on.
My wording about "CANSLIM this and CANSLIM that" was poorly chosen. I
didn't mean to imply boredom. But if all that CANSLIM this and CANSLIM that
is backed up by actual real life, this is my money examples....won't it mean
more?
(Not to beat a dead horse, but did you see in the Sunday WSJ that Southwest
Airlines is going to change their system. No more colored boarding cards.
Even they are looking at the world a bit differently.)
Debate on!
Duke
-----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm
Sent: Sunday, February 24, 2002 6:20 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] Date: Sun, 24 Feb 2002 15:11:27 -0500
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 -----
From: Duke Miller
To: Canslim@Lists. Xmission. Com
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
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<DIV><SPAN class=3D449094023-24022002><FONT=20
face=3DArial>Katherine:</FONT></SPAN></DIV>
<DIV><SPAN class=3D449094023-24022002><FONT =
face=3DArial></FONT></SPAN> </DIV>
<DIV><SPAN class=3D449094023-24022002><FONT face=3DArial>I understand =
TOTALLY your=20
opinion; I joined this list for many of the same reasons you did. =20
</FONT></SPAN></DIV>
<DIV><SPAN class=3D449094023-24022002><FONT =
face=3DArial></FONT></SPAN> </DIV>
<DIV><SPAN class=3D449094023-24022002><FONT face=3DArial>But...your =
rationale for=20
joining this list only SUPPORTS my concept. What better way =
to become=20
adept and expand your horizons regarding CANSLIM than with real life, =
actual=20
examples, I.e., our LIMITED submissions of potential CANSLIM stocks (not =
"stock=20
picks") for the Mother List? </FONT></SPAN></DIV>
<DIV><SPAN class=3D449094023-24022002><FONT =
face=3DArial></FONT></SPAN> </DIV>
<DIV><SPAN class=3D449094023-24022002><FONT face=3DArial>Have you been =
to a CANSLIM=20
seminar? I don't know about you, but 90% of my takeaway is =
in the=20
form of actual charts illustrating real life situations with notes as to =
the=20
discussions. I see a lot of that in the Mother list: =
Forcing=20
"members" to justify their picks before they make this list has immense=20
educational potential. In other words, don't tell us you think =
this is a=20
good pick....tell us WHY!</FONT></SPAN></DIV>
<DIV><SPAN class=3D449094023-24022002><FONT =
face=3DArial></FONT></SPAN> </DIV>
<DIV><SPAN class=3D449094023-24022002><FONT face=3DArial>So, my intent =
is NOT to=20
have the concept become a list of stock picks. Rather, a list of =
stocks=20
that students of CANSLIM are damn near willing to fight for; stocks they =
don't=20
want to see removed from the list for this reason or that; stocks they =
(and all=20
others) can potentially make money on. My wording about "CANSLIM =
this and=20
CANSLIM that" was poorly chosen. I didn't mean to imply =
boredom. But=20
if all that CANSLIM this and CANSLIM that is backed up by actual real =
life, this=20
is my money examples....won't it mean more?</FONT></SPAN></DIV>
<DIV><SPAN class=3D449094023-24022002><FONT =
face=3DArial></FONT></SPAN> </DIV>
<DIV><SPAN class=3D449094023-24022002><FONT face=3DArial>(Not to beat a =
dead horse,=20
but did you see in the Sunday WSJ that Southwest Airlines is going =
to=20
change their system. No more colored boarding cards. Even =
they are=20
looking at the world a bit differently.)</FONT></SPAN></DIV>
<DIV><SPAN class=3D449094023-24022002><FONT =
face=3DArial></FONT></SPAN> </DIV>
<DIV><SPAN class=3D449094023-24022002><FONT face=3DArial>Debate=20
on!</FONT></SPAN></DIV>
<DIV><SPAN class=3D449094023-24022002><FONT =
face=3DArial></FONT></SPAN> </DIV>
<DIV><SPAN class=3D449094023-24022002><FONT =
face=3DArial>Duke</FONT></SPAN></DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px =
solid; MARGIN-RIGHT: 0px">
<DIV class=3DOutlookMessageHeader dir=3Dltr align=3Dleft><FONT =
face=3DTahoma=20
size=3D2>-----Original Message-----<BR><B>From:</B>=20
owner-canslim@lists.xmission.com=20
[mailto:owner-canslim@lists.xmission.com]<B>On Behalf Of </B>Katherine =
Malm<BR><B>Sent:</B> Sunday, February 24, 2002 6:20 PM<BR><B>To:</B>=20
canslim@lists.xmission.com<BR><B>Subject:</B> Re: [CANSLIM] Date: Sun, =
24 Feb=20
2002 15:11:27 -0500<BR><BR></FONT></DIV>
<DIV>Hi Duke,</DIV>
<DIV> </DIV>
<DIV>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=20
I don't agree with it, for the same reason you listed in your comment =
(b).=20
Even more so, however, when I was reviewing archives in many =
communities in=20
order to decide which list to join, one of the things I looked for was =
a=20
community that hadn't reduced discussion of CANSLIM down to endless =
stock=20
"picks" but instead a discussion of the underlying principles that =
make=20
CANSLIM tick; processes for finding and evaluating stocks; =
clarifications of=20
investing concepts; and practice in the interpretation of=20
technicals, fundamentals, market health and CANSLIM guidelines. While =
some may=20
argue that such discussion makes CANSLIM overly complex, I think this =
is=20
precisely what makes this a community that helps to build =
knowledgeable=20
CANSLIMers. In my mind, it is the exchange of ideas and viewpoints, =
not stock=20
picks, which creates value.</DIV>
<DIV> </DIV>
<DIV>Southwest Airlines has had many copycat competitors over the =
years,=20
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' =
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=20
be 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=20
href=3D"mailto:dukemill@tampabay.rr.com">Duke 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=20
2002 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,=20
tugging constantly with my buy checklist,<BR>it helps to have =
company that's=20
a) 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=20
matter 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=20
a dozen more I've been "whipsawed" out of.<BR>(One thing WON taught =
me is=20
not to "hide" from my blunders, rather study and<BR>learn from =
them. I=20
still hate doing that!)<BR><BR>I think you'll all agree, trying to =
unearth=20
the one stock in four that<BR>doesn't shake us out unmercifully in =
this=20
market we're in is not fun. So<BR>here's a what if from =
the=20
glistening Gulf shores of Anna Maria Island: Is<BR>it =
conceivable we=20
might better devote our time to channeling our =
collective<BR>energies toward=20
building "all-star" watch list? One that, when the M =
does<BR>turn, we=20
can be ready in the wings?<BR><BR>Forgive me if the thought isn't =
totally=20
developed yet (or original to this<BR>group), but what if...those =
interested=20
"sign up" to each "nominate" one,<BR>two, or three personal-favorite =
watch=20
stocks. Ones you'd buy for your own<BR>mother! (The "mother" =
of all=20
lists???) And we take that list, follow its<BR>contents' =
progress together and, on-going, "debate" the merits of=20
each<BR>"nomination," old or new.<BR><BR>Just today we got lists =
from Tim=20
and John; I wonder which three from each<BR>list they'd =
nominate for=20
the Mother List?<BR><BR>IMHO, this: a) would help us expand and =
refine our=20
own lists; b) steepen our<BR>CANSLIM learning curves via the =
debates; c)=20
benefit all of us when the<BR>tide(s) turn; and c), would be a =
source for a=20
little fun (while we wait for<BR>M)!<BR><BR>If there's enough =
interest, I'll=20
be glad to suggest a nomination checklist<BR>which we can improvise =
as we go=20
along, etc, etc, etc. So what do you think?<BR><BR>A final =
note: =20
I'm out of town until Thursday, but will be monitoring as<BR>best I =
can from=20
my remote hotmail account, iffy at best. Worst =
case<BR>scenario, I'll=20
compile a wrap-up of your input by week's=20
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></BLOCKQUOTE></BODY></HTML>
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Previous Article (by Date): Re: [CANSLIM] Smal and Micro Caps "Tim Fisher"
Top of Thread: Re: [CANSLIM] Date: Sun, 24 Feb 2002 15:11:27 -0500 "Katherine Malm"
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