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 18:10:41 -0600
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Hi Duke,
I believe that what you are suggesting is something that already goes on =
quite frequently on the list. That is, people share their read on a =
stock from both fundamental and technical perspectives. These "examples" =
as you call them are instructive and I agree with you on that count. I =
have 3 binders full of "lessons" that I've acquired over the years from =
others, from my own observations/successes/failures, from the IBD, from =
2 of the advanced IBD seminars and from this list. But I still won't =
submit a stock and say "you should buy this because xyz." While I am =
looking to enter a trade or while I am in the trade I really don't want =
to attract *more* eyes to the stock. I would prefer that we accomplish =
what you are suggesting by doing post analysis instead. And honestly, =
why should I submit the conclusions of all my hard work in stock =
selection so that others (especially non-contributors) can make money? =
I'll gladly share knowledge and take on a debate so as to learn =
something, but I won't share stock picks. I'm sure there are others who =
feel the same but are less willing to admit it publicly.
Katherine
----- Original Message -----=20
From: Duke Miller=20
To: canslim@lists.xmission.com=20
Sent: Sunday, February 24, 2002 5:50 PM
Subject: RE: [CANSLIM] Date: Sun, 24 Feb 2002 15:11:27 -0500
Katherine:
I understand TOTALLY your opinion; I joined this list for many of the =
same reasons you did. =20
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? =20
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 dxxn 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 -----=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
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<HTML><HEAD>
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<BODY bgColor=3D#ffffff>
<DIV>Hi Duke,</DIV>
<DIV> </DIV>
<DIV>I believe that what you are suggesting is something that already =
goes on=20
quite frequently on the list. That is, people share their read on a =
stock from=20
both fundamental and technical perspectives. These "examples" as you =
call them=20
are instructive and I agree with you on that count. I have 3 binders =
full of=20
"lessons" that I've acquired over the years from others, from my own=20
observations/successes/failures, from the IBD, from 2 of the advanced =
IBD=20
seminars and from this list. But I still won't submit a stock and say =
"you=20
should buy this because xyz." While I am looking to enter a trade or =
while I am=20
in the trade I really don't want to attract *more* eyes to the stock. I =
would=20
prefer that we accomplish what you are suggesting by doing post analysis =
instead. And honestly, why should I submit the conclusions of all my =
hard work=20
in stock selection so that others (especially non-contributors) can =
make=20
money? I'll gladly share knowledge and take on a debate so as to=20
learn something, but I won't share stock picks. I'm =
sure=20
there are others who feel the same but are less willing to admit it=20
publicly.</DIV>
<DIV> </DIV>
<DIV>Katherine</DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
<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>=
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Sunday, February 24, 2002 =
5:50=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> RE: [CANSLIM] Date: =
Sun, 24 Feb=20
2002 15:11:27 -0500</DIV>
<DIV><BR></DIV>
<DIV><SPAN class=3D449094023-24022002><FONT=20
face=3DArial>Katherine:</FONT></SPAN></DIV>
<DIV><SPAN class=3D449094023-24022002><FONT=20
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=20
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=20
become adept and expand your horizons regarding CANSLIM than with real =
life,=20
actual examples, I.e., our LIMITED submissions of potential CANSLIM =
stocks=20
(not "stock picks") for the Mother List? =
</FONT></SPAN></DIV>
<DIV><SPAN class=3D449094023-24022002><FONT=20
face=3DArial></FONT></SPAN> </DIV>
<DIV><SPAN class=3D449094023-24022002><FONT face=3DArial>Have you been =
to a=20
CANSLIM seminar? I don't know about you, but 90% of my =
takeaway is=20
in the form of actual charts illustrating real life situations with =
notes as=20
to the discussions. I see a lot of that in the Mother =
list: =20
Forcing "members" to justify their picks before they make this list =
has=20
immense educational potential. In other words, don't tell us you =
think=20
this is a good pick....tell us WHY!</FONT></SPAN></DIV>
<DIV><SPAN class=3D449094023-24022002><FONT=20
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 dxxn 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=20
all others) can potentially make money on. My wording about =
"CANSLIM=20
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=20
actual real life, this is my money examples....won't it mean=20
more?</FONT></SPAN></DIV>
<DIV><SPAN class=3D449094023-24022002><FONT=20
face=3DArial></FONT></SPAN> </DIV>
<DIV><SPAN class=3D449094023-24022002><FONT face=3DArial>(Not to beat =
a dead=20
horse, but did you see in the Sunday WSJ that Southwest =
Airlines is going=20
to change their system. No more colored boarding cards. =
Even they=20
are looking at the world a bit differently.)</FONT></SPAN></DIV>
<DIV><SPAN class=3D449094023-24022002><FONT=20
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=20
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=20
Malm<BR><B>Sent:</B> Sunday, February 24, 2002 6:20 PM<BR><B>To:</B> =
canslim@lists.xmission.com<BR><B>Subject:</B> Re: [CANSLIM] Date: =
Sun, 24=20
Feb 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=20
understand your desire to share "collective wisdom" regarding stock =
picks,=20
but I don't agree with it, for the same reason you listed in your =
comment=20
(b). Even more so, however, when I was reviewing archives in many=20
communities in order to decide which list to join, one of the things =
I=20
looked for was a community that hadn't reduced discussion of CANSLIM =
down to=20
endless stock "picks" but instead a discussion of the underlying =
principles=20
that make CANSLIM tick; processes for finding and evaluating stocks; =
clarifications of investing concepts; and practice in the=20
interpretation of technicals, fundamentals, market health and =
CANSLIM=20
guidelines. While some may argue that such discussion makes CANSLIM =
overly=20
complex, I think this is precisely what makes this a community that =
helps to=20
build knowledgeable CANSLIMers. In my mind, it is the exchange of =
ideas and=20
viewpoints, not stock 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'=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=20
hard and utilize a complex systematic approach to doing business =
that=20
*appears* to 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=20
title=3Dcanslim@lists.xmission.com=20
href=3D"mailto:Canslim@Lists. Xmission. Com">Canslim@Lists. =
Xmission.=20
Com</A> </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=20
observations and proffer a<BR>what-if.<BR><BR>a) Working =
through=20
this market, tugging constantly with my buy checklist,<BR>it helps =
to have=20
company that's a) knowledgeable, b) successful (or<BR>committed to =
striving for it), and c) CERTAINLY unbiased!<BR><BR>b) The =
debate=20
herein over the merits of CANSLIM-this and/or CANSLIM-that =
is<BR>unending=20
(as it should be). The arguments haven't changed since the=20
concept<BR>was developed. NO matter how hard we try to stay =
between=20
the lines, we each<BR>have our own variation(s), don't =
we?<BR><BR>c) =20
It seems we're all watch-listing and waiting, ever confident=20
the<BR>market's going to eventually break out ONLY when it's ready =
to. I=20
agree with<BR>Katherine, that we can certainly "mine" some winners =
these=20
days. I've got<BR>two that are showing promise, buy a dozen =
more=20
I've been "whipsawed" out of.<BR>(One thing WON taught me is not =
to "hide"=20
from my blunders, rather study and<BR>learn from them. I =
still hate=20
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=20
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=20
toward building "all-star" watch list? One that, when the M=20
does<BR>turn, we can be ready in the wings?<BR><BR>Forgive me if =
the=20
thought isn't totally developed yet (or original to =
this<BR>group), but=20
what if...those interested "sign up" to each "nominate" =
one,<BR>two, or=20
three personal-favorite watch stocks. Ones you'd buy for =
your=20
own<BR>mother! (The "mother" of all lists???) And we =
take that=20
list, follow its<BR>contents' progress together and, on-going, =
"debate"=20
the merits of each<BR>"nomination," old or new.<BR><BR>Just today =
we got=20
lists from Tim and John; I wonder which three from =
each<BR>list=20
they'd nominate for the Mother List?<BR><BR>IMHO, this: a) would =
help us=20
expand and refine our own lists; b) steepen our<BR>CANSLIM =
learning curves=20
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=20
there's enough interest, I'll be glad to suggest a nomination=20
checklist<BR>which we can improvise as we go along, etc, etc, =
etc. =20
So what do you think?<BR><BR>A final note: I'm out of town =
until=20
Thursday, but will be monitoring as<BR>best I can from my remote =
hotmail=20
account, iffy at best. Worst case<BR>scenario, I'll compile =
a=20
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=
=20
the email body, write "subscribe canslim" or<BR>-"unsubscribe=20
canslim". Do not use quotes in your=20
email.</BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
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