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
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Hi John,
Perhaps the better question is "what is there to be *gained* by doing =
so?" I believe the answer is "nothing."=20
To me, it is an issue of privacy and has the same good/bad as revealing =
returns. To some, if they know what you are looking at and holding, it =
is considered bragging, to others it is a sign of weakness because they =
would never have chosen that stock. It's a no win situation when a =
person is forced to walk that line and I don't want to put myself in a =
position where others are judging my *actions.* Let them judge or =
disagree with my point of view, that's the risk in putting it out there, =
but to set people up to judge their actions is dangerous. I grade my =
actions each and every day when I write in my trading journal. I see no =
value in having *others* grade me, however. Another issue has to do with =
influence or bias. It's the same reason that I no longer watch CNBC or =
CNN. The bias in the reporting far outweighs the content. (Not to =
mention I couldn't take hearing Maria say "this stock's on fire" one =
more time!)=20
Katherine
----- Original Message -----=20
From: Cefaloni, John L Jr. [AMSTA-AR-WEA]=20
To: 'canslim@lists.xmission.com'=20
Sent: Monday, February 25, 2002 8:06 AM
Subject: RE: [CANSLIM] Date: Sun, 24 Feb 2002 15:11:27 -0500
Katherine,
With all due respect, what harm would be done to your portfolio by =
revealing what stocks you are looking to buy/short - or at least what =
stocks you just bought/shorted?=20
John C.
-----Original Message-----
From: Katherine Malm [mailto:kmalm@earthlink.net]
Sent: Monday, February 25, 2002 8:54 AM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] Date: Sun, 24 Feb 2002 15:11:27 -0500
Morning, Tom.
It was a funny thing admitting those feelings to the list as I don't =
think I had even admitted it to myself in quite those words. But the =
truth is, I'll go out of my way to help absolutely anybody, share what I =
know so that others can become better investors, and ask plenty of =
questions and listen in order to learn from others and become a better =
investor myself. But by golly....when it comes to my money and the =
issue of privacy....I look at it very differently. There are only of =
couple of things I *won't* do....discuss specifics on performance, tell =
people what stocks I'm looking to buy/short, or reveal the positions I'm =
currently in. Short list, but that's just part of the guidelines I've =
set.=20
I can't say I'm all that thrilled about the list turning into some =
big "collective mining effort," but Duke's a sport for bringing it up =
and I admire his in-your-face attitude about getting the effort underway =
as there *are* list members who will benefit.=20
Have a great day,
Katherine
----- Original Message -----=20
From: Tom Worley=20
To: canslim@lists.xmission.com=20
Sent: Monday, February 25, 2002 5:36 AM
Subject: Re: [CANSLIM] Date: Sun, 24 Feb 2002 15:11:27 -0500
Katherine, I am quite willing to admit the same thing, I put a =
huge amount of work into my investing, and intend that I benefit from =
it. My style is strictly my own, and I have found that since I gave up =
handling retail clients that I make far better decisions for myself =
without the responsibility for others. I am sure many members must have =
thought I was insane a few weeks ago when I mentioned that I not only =
fully invested my cash acct, but went to the full margin limits as well. =
Despite a very dismal "M" since then, I am up over 13% (and yeah, for =
the doubters I can prove it) and could once again cash out and sit in a =
money market for the rest of the year. But I don't expect to do that, =
since I prefer to be invested than in cash.
Profits can be made on the long side even in a poor market, even =
if shorting, with its higher risks, may be easier. So long as I continue =
to enjoy the challenge, and need to earn extra money, and it continues =
to work for me, I will pursue my style of investing but not share my =
stock picks.
Tom Worley
stkguru@netside.net
AIM: TexWorley
----- Original Message -----=20
From: Katherine Malm=20
To: canslim@lists.xmission.com=20
Sent: Sunday, February 24, 2002 7:10 PM
Subject: Re: [CANSLIM] Date: Sun, 24 Feb 2002 15:11:27 -0500
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
-"unsubscribe canslim". Do not use quotes in your email.
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<DIV>Hi John,</DIV>
<DIV> </DIV>
<DIV>Perhaps the better question is "what is there to be *gained* by =
doing so?"=20
I believe the answer is "nothing." </DIV>
<DIV> </DIV>
<DIV>To me, it is an issue of privacy and has the same good/bad as =
revealing=20
returns. To some, if they know what you are looking at and holding, it =
is=20
considered bragging, to others it is a sign of weakness because they =
would never=20
have chosen that stock. It's a no win situation when a person is forced =
to walk=20
that line and I don't want to put myself in a position where others are =
judging=20
my *actions.* Let them judge or disagree with my point of =
view, that's=20
the risk in putting it out there, but to set people up to judge their =
actions is=20
dangerous. I grade my actions each and every day when I write in my =
trading=20
journal. I see no value in having *others* grade me, however. Another =
issue has=20
to do with influence or bias. It's the same reason that I no longer =
watch CNBC=20
or CNN. The bias in the reporting far outweighs the content. (Not to =
mention I=20
couldn't take hearing Maria say "this stock's on fire" one more time!) =
</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=3Dcefaloni@pica.army.mil =
href=3D"mailto:cefaloni@pica.army.mil">Cefaloni,=20
John L Jr. [AMSTA-AR-WEA]</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> Monday, February 25, 2002 =
8:06=20
AM</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=3D270495713-25022002><FONT face=3DArial =
color=3D#0000ff=20
size=3D2>Katherine,</FONT></SPAN></DIV>
<DIV><SPAN class=3D270495713-25022002><FONT face=3DArial =
color=3D#0000ff=20
size=3D2></FONT></SPAN> </DIV>
<DIV><SPAN class=3D270495713-25022002><FONT face=3DArial =
color=3D#0000ff size=3D2>With=20
all due respect, what harm would be done to your portfolio by=20
revealing what stocks you are looking to buy/short - or at =
least=20
what stocks you just bought/shorted? </FONT></SPAN></DIV>
<DIV><SPAN class=3D270495713-25022002><FONT face=3DArial =
color=3D#0000ff=20
size=3D2></FONT></SPAN> </DIV>
<DIV><SPAN class=3D270495713-25022002><FONT face=3DArial =
color=3D#0000ff size=3D2>John=20
C.</FONT></SPAN></DIV>
<BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
<DIV class=3DOutlookMessageHeader dir=3Dltr align=3Dleft><FONT =
face=3DTahoma=20
size=3D2>-----Original Message-----<BR><B>From:</B> Katherine Malm=20
[mailto:kmalm@earthlink.net]<BR><B>Sent:</B> Monday, February 25, =
2002 8:54=20
AM<BR><B>To:</B> <A=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
<BR><B>Subject:</B>=20
Re: [CANSLIM] Date: Sun, 24 Feb 2002 15:11:27 =
- -0500<BR><BR></FONT></DIV>
<DIV>Morning, Tom.</DIV>
<DIV> </DIV>
<DIV>It was a funny thing admitting those feelings to the list as I =
don't=20
think I had even admitted it to myself in quite those words. But the =
truth=20
is, I'll go out of my way to help absolutely anybody, share what I =
know so=20
that others can become better investors, and ask plenty of questions =
and=20
listen in order to learn from others and become a better =
investor=20
myself. But by golly....when it comes to my money and the =
issue=20
of privacy....I look at it very differently. There are only of =
couple of=20
things I *won't* do....discuss specifics on performance, tell people =
what=20
stocks I'm looking to buy/short, or reveal the positions I'm =
currently in.=20
Short list, but that's just part of the guidelines I've set. </DIV>
<DIV> </DIV>
<DIV>I can't say I'm all that thrilled about the list turning into =
some big=20
"collective mining effort," but Duke's a sport for bringing it up =
and I=20
admire his in-your-face attitude about getting the effort underway =
as there=20
*are* list members who will benefit. </DIV>
<DIV> </DIV>
<DIV>Have a great day,</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=3Dstkguru@netside.net =
href=3D"mailto:stkguru@netside.net">Tom=20
Worley</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.com</A>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Monday, February 25, =
2002 5:36=20
AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
Date: Sun, 24=20
Feb 2002 15:11:27 -0500</DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial>Katherine, I am quite willing to admit the =
same=20
thing, I put a huge amount of work into my investing, and intend =
that I=20
benefit from it. My style is strictly my own, and I have found =
that since=20
I gave up handling retail clients that I make far better decisions =
for=20
myself without the responsibility for others. I am sure many =
members must=20
have thought I was insane a few weeks ago when I mentioned that I =
not only=20
fully invested my cash acct, but went to the full margin limits as =
well.=20
Despite a very dismal "M" since then, I am up over 13% (and yeah, =
for the=20
doubters I can prove it) and could once again cash out and sit in =
a money=20
market for the rest of the year. But I don't expect to do that, =
since I=20
prefer to be invested than in cash.</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial>Profits can be made on the long side even =
in a poor=20
market, even if shorting, with its higher risks, may be easier. So =
long as=20
I continue to enjoy the challenge, and need to earn extra money, =
and it=20
continues to work for me, I will pursue my style of investing but =
not=20
share my stock picks.</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV>Tom Worley<BR><A=20
=
href=3D"mailto:stkguru@netside.net">stkguru@netside.net</A><BR>AIM:=20
TexWorley</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=3Dkmalm@earthlink.net =
href=3D"mailto:kmalm@earthlink.net">Katherine=20
Malm</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.com</A>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Sunday, February =
24, 2002=20
7:10 PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
Date: Sun,=20
24 Feb 2002 15:11:27 -0500</DIV>
<DIV><BR></DIV>
<DIV>Hi Duke,</DIV>
<DIV> </DIV>
<DIV>I believe that what you are suggesting is something that =
already=20
goes on quite frequently on the list. That is, people share =
their read=20
on a stock from both fundamental and technical perspectives. =
These=20
"examples" as you call them are instructive and I agree with you =
on that=20
count. I have 3 binders full of "lessons" that I've acquired =
over the=20
years from others, from my own observations/successes/failures, =
from the=20
IBD, from 2 of the advanced IBD seminars and from this list. But =
I still=20
won't submit a stock and say "you should buy this because xyz." =
While I=20
am looking to enter a trade or while I am in the trade I really =
don't=20
want to attract *more* eyes to the stock. I would prefer that we =
accomplish what you are suggesting by doing post analysis =
instead. And=20
honestly, why should I submit the conclusions of all my hard =
work in=20
stock selection so that others (especially =
non-contributors) can=20
make 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=20
sure 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=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.com</A>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Sunday, February =
24, 2002=20
5:50 PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> RE: [CANSLIM] =
Date: Sun,=20
24 Feb 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=20
TOTALLY your opinion; I joined this list for many of the same =
reasons=20
you did. </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=20
rationale for joining this list only SUPPORTS my =
concept. =20
What better way to become adept and expand your horizons =
regarding=20
CANSLIM than with real life, actual examples, I.e., our =
LIMITED=20
submissions of potential CANSLIM stocks (not "stock =
picks") for=20
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=20
a CANSLIM seminar? I don't know about you, but 90% =
of my=20
takeaway is in the form of actual charts illustrating real =
life=20
situations with notes as to the discussions. I see =
a lot of=20
that in the Mother list: Forcing "members" to justify =
their=20
picks before they make this list has immense educational=20
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=20
face=3DArial></FONT></SPAN> </DIV>
<DIV><SPAN class=3D449094023-24022002><FONT face=3DArial>So, =
my intent is=20
NOT to have the concept become a list of stock picks. =
Rather, a=20
list of stocks that students of CANSLIM are dxxn near willing =
to fight=20
for; stocks they don't want to see removed from the list for =
this=20
reason or that; stocks they (and all others) can potentially =
make=20
money on. My wording about "CANSLIM this and CANSLIM =
that" was=20
poorly chosen. I didn't mean to imply boredom. But =
if all=20
that CANSLIM this and CANSLIM that is backed up by actual real =
life,=20
this is my money examples....won't it mean =
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=20
dead horse, but did you see in the Sunday WSJ that Southwest=20
Airlines is going to change their system. No more =
colored=20
boarding cards. Even they 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=20
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=20
</B>Katherine Malm<BR><B>Sent:</B> Sunday, February 24, 2002 =
6:20=20
PM<BR><B>To:</B> =
canslim@lists.xmission.com<BR><B>Subject:</B> Re:=20
[CANSLIM] Date: Sun, 24 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.=20
I understand your desire to share "collective wisdom" =
regarding=20
stock picks, but I don't agree with it, for the same reason =
you=20
listed in your comment (b). Even more so, however, when I =
was=20
reviewing archives in many communities in order to decide =
which list=20
to join, one of the things I looked for was a community that =
hadn't=20
reduced discussion of CANSLIM down to endless stock "picks" =
but=20
instead a discussion of the underlying principles that make =
CANSLIM=20
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.=20
While some may argue that such discussion makes CANSLIM =
overly=20
complex, I think this is precisely what makes this a =
community that=20
helps to build knowledgeable CANSLIMers. In my mind, it is =
the=20
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=20
years, attracted to the business by the notion that =
following=20
Southwest's "simple" approach to flying was easy and =
repeatable. All=20
of the early copycats' businesses failed because they did =
not=20
understand the most important part of Southwest's strategy, =
i.e.,=20
that many dedicated people work exceptionally hard and =
utilize a=20
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=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.=20
Xmission. Com</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Sunday, =
February 24,=20
2002 2:12 PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] =
Date: Sun,=20
24 Feb 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=20
through this market, tugging constantly with my buy=20
checklist,<BR>it helps to have company that's a) =
knowledgeable, b)=20
successful (or<BR>committed to striving for it), and c) =
CERTAINLY=20
unbiased!<BR><BR>b) The debate herein over the =
merits of=20
CANSLIM-this and/or CANSLIM-that is<BR>unending (as it =
should=20
be). The arguments haven't changed since the =
concept<BR>was=20
developed. NO matter how hard we try to stay between =
the=20
lines, we each<BR>have our own variation(s), don't=20
we?<BR><BR>c) It seems we're all watch-listing and =
waiting,=20
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" some winners these days. I've =
got<BR>two=20
that are showing promise, buy a dozen more I've been =
"whipsawed"=20
out of.<BR>(One thing WON taught me is not to "hide" from =
my=20
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=20
the one stock in four that<BR>doesn't shake us out =
unmercifully in=20
this market we're in is not fun. So<BR>here's =
a what=20
if from the glistening Gulf shores of Anna Maria =
Island: =20
Is<BR>it conceivable we might better devote our time to =
channeling=20
our collective<BR>energies toward building "all-star" =
watch=20
list? One that, when the M does<BR>turn, we can be =
ready in=20
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=20
interested "sign up" to each "nominate" one,<BR>two, or =
three=20
personal-favorite watch stocks. Ones you'd buy for =
your=20
own<BR>mother! (The "mother" of all lists???) =
And we=20
take that list, follow its<BR>contents' progress together =
and,=20
on-going, "debate" the merits of each<BR>"nomination," old =
or=20
new.<BR><BR>Just today we got lists from Tim and =
John; I=20
wonder which three from each<BR>list they'd nominate for =
the=20
Mother List?<BR><BR>IMHO, this: a) would help us expand =
and refine=20
our own lists; b) steepen our<BR>CANSLIM learning curves =
via the=20
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=20
for<BR>M)!<BR><BR>If there's enough interest, I'll be glad =
to=20
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=20
note: I'm out of town until Thursday, but will be =
monitoring=20
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=20
input by week's =
end.<BR><BR>Duke<BR><BR><BR><BR><BR><BR>-<BR>-To=20
subscribe/unsubscribe, 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></BLOCKQUOTE></BLOCKQUOTE></=
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