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Subject: RE: [CANSLIM] Date: Sun, 24 Feb 2002 15:11:27 -0500
Date: Mon, 25 Feb 2002 09:58:12 -0500
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Katherine,
As Patrick Wahl says, "Funny how people have different ideas..."
I, for one, watch CNBC *only* to hear Maria say, "this stock's on fire"!
John C.
- -----Original Message-----
From: Katherine Malm [mailto:kmalm@earthlink.net]
Sent: Monday, February 25, 2002 9:55 AM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] Date: Sun, 24 Feb 2002 15:11:27 -0500
Hi John,
Perhaps the better question is "what is there to be *gained* by doing so?" I
believe the answer is "nothing."
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!)
Katherine
- ----- Original Message -----
From: Cefaloni, John L Jr. [AMSTA-AR-WEA] <mailto:cefaloni@pica.army.mil>
To: 'canslim@lists.xmission.com' <mailto:'canslim@lists.xmission.com'>
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?
John C.
- -----Original Message-----
From: Katherine Malm [mailto:kmalm@earthlink.net]
Sent: Monday, February 25, 2002 8:54 AM
To: canslim@lists.xmission.com <mailto: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.
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.
Have a great day,
Katherine
- ----- Original Message -----
From: Tom <mailto:stkguru@netside.net> Worley
To: canslim@lists.xmission.com <mailto:canslim@lists.xmission.com>
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 <mailto:stkguru@netside.net>
AIM: TexWorley
- ----- Original Message -----
From: Katherine Malm <mailto:kmalm@earthlink.net>
To: canslim@lists.xmission.com <mailto:canslim@lists.xmission.com>
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 -----
From: Duke Miller <mailto:dukemill@tampabay.rr.com>
To: canslim@lists.xmission.com <mailto:canslim@lists.xmission.com>
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.
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 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 -----
From: Duke Miller <mailto:dukemill@tampabay.rr.com>
To: Canslim@Lists. <mailto:Canslim@Lists. Xmission. Com> 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=970175614-25022002><FONT face=Arial color=#0000ff
size=2>Katherine,</FONT></SPAN></DIV>
<DIV><SPAN class=970175614-25022002><FONT face=Arial color=#0000ff
size=2></FONT></SPAN> </DIV>
<DIV><SPAN class=970175614-25022002><FONT face=Arial color=#0000ff size=2>As
Patrick Wahl says, "<FONT size=2>Funny how people have different
ideas..."</FONT></FONT></SPAN></DIV>
<DIV><SPAN class=970175614-25022002><FONT face=Arial color=#0000ff
size=2></FONT></SPAN> </DIV>
<DIV><SPAN class=970175614-25022002><FONT face=Arial color=#0000ff size=2>I, for
one, watch CNBC *only* to hear Maria say, "this stock's on
fire"!</FONT></SPAN></DIV>
<DIV><SPAN class=970175614-25022002><FONT face=Arial color=#0000ff
size=2></FONT></SPAN> </DIV>
<DIV><SPAN class=970175614-25022002><FONT face=Arial color=#0000ff size=2>John
C.</FONT></SPAN></DIV>
<BLOCKQUOTE dir=ltr style="MARGIN-RIGHT: 0px">
<DIV class=OutlookMessageHeader dir=ltr align=left><FONT face=Tahoma
size=2>-----Original Message-----<BR><B>From:</B> Katherine Malm
[mailto:kmalm@earthlink.net]<BR><B>Sent:</B> Monday, February 25, 2002 9:55
AM<BR><B>To:</B> canslim@lists.xmission.com<BR><B>Subject:</B> Re: [CANSLIM]
Date: Sun, 24 Feb 2002 15:11:27 -0500<BR><BR></FONT></DIV>
<DIV>Hi John,</DIV>
<DIV> </DIV>
<DIV>Perhaps the better question is "what is there to be *gained* by doing
so?" 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
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!) </DIV>
<DIV> </DIV>
<DIV>Katherine</DIV>
<BLOCKQUOTE dir=ltr
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style="FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B>
<A title=cefaloni@pica.army.mil
href="mailto:cefaloni@pica.army.mil">Cefaloni, John L Jr. [AMSTA-AR-WEA]</A>
</DIV>
<DIV style="FONT: 10pt arial"><B>To:</B> <A title=canslim@lists.xmission.com
href="mailto:'canslim@lists.xmission.com'">'canslim@lists.xmission.com'</A>
</DIV>
<DIV style="FONT: 10pt arial"><B>Sent:</B> Monday, February 25, 2002 8:06
AM</DIV>
<DIV style="FONT: 10pt arial"><B>Subject:</B> RE: [CANSLIM] Date: Sun, 24
Feb 2002 15:11:27 -0500</DIV>
<DIV><BR></DIV>
<DIV><SPAN class=270495713-25022002><FONT face=Arial color=#0000ff
size=2>Katherine,</FONT></SPAN></DIV>
<DIV><SPAN class=270495713-25022002><FONT face=Arial color=#0000ff
size=2></FONT></SPAN> </DIV>
<DIV><SPAN class=270495713-25022002><FONT face=Arial color=#0000ff
size=2>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? </FONT></SPAN></DIV>
<DIV><SPAN class=270495713-25022002><FONT face=Arial color=#0000ff
size=2></FONT></SPAN> </DIV>
<DIV><SPAN class=270495713-25022002><FONT face=Arial color=#0000ff
size=2>John C.</FONT></SPAN></DIV>
<BLOCKQUOTE dir=ltr style="MARGIN-RIGHT: 0px">
<DIV class=OutlookMessageHeader dir=ltr align=left><FONT face=Tahoma
size=2>-----Original Message-----<BR><B>From:</B> Katherine Malm
[mailto:kmalm@earthlink.net]<BR><B>Sent:</B> Monday, February 25, 2002
8:54 AM<BR><B>To:</B> <A
href="mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A><BR><B>Subject:</B>
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
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. </DIV>
<DIV> </DIV>
<DIV>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. </DIV>
<DIV> </DIV>
<DIV>Have a great day,</DIV>
<DIV>Katherine</DIV>
<BLOCKQUOTE dir=ltr
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style="FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B>
<A title=stkguru@netside.net href="mailto:stkguru@netside.net">Tom
Worley</A> </DIV>
<DIV style="FONT: 10pt arial"><B>To:</B> <A
title=canslim@lists.xmission.com
href="mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>
</DIV>
<DIV style="FONT: 10pt arial"><B>Sent:</B> Monday, February 25, 2002
5:36 AM</DIV>
<DIV style="FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] Date: Sun,
24 Feb 2002 15:11:27 -0500</DIV>
<DIV><BR></DIV>
<DIV><FONT face=Arial>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.</FONT></DIV>
<DIV><FONT face=Arial></FONT> </DIV>
<DIV><FONT face=Arial>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.</FONT></DIV>
<DIV><FONT face=Arial></FONT> </DIV>
<DIV>Tom Worley<BR><A
href="mailto:stkguru@netside.net">stkguru@netside.net</A><BR>AIM:
TexWorley</DIV>
<BLOCKQUOTE dir=ltr
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style="FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B>
<A title=kmalm@earthlink.net
href="mailto:kmalm@earthlink.net">Katherine Malm</A> </DIV>
<DIV style="FONT: 10pt arial"><B>To:</B> <A
title=canslim@lists.xmission.com
href="mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>
</DIV>
<DIV style="FONT: 10pt arial"><B>Sent:</B> Sunday, February 24, 2002
7:10 PM</DIV>
<DIV style="FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] Date: Sun,
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
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.</DIV>
<DIV> </DIV>
<DIV>Katherine</DIV>
<BLOCKQUOTE dir=ltr
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style="FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B>
<A title=dukemill@tampabay.rr.com
href="mailto:dukemill@tampabay.rr.com">Duke Miller</A> </DIV>
<DIV style="FONT: 10pt arial"><B>To:</B> <A
title=canslim@lists.xmission.com
href="mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>
</DIV>
<DIV style="FONT: 10pt arial"><B>Sent:</B> Sunday, February 24, 2002
5:50 PM</DIV>
<DIV style="FONT: 10pt arial"><B>Subject:</B> RE: [CANSLIM] Date:
Sun, 24 Feb 2002 15:11:27 -0500</DIV>
<DIV><BR></DIV>
<DIV><SPAN class=449094023-24022002><FONT
face=Arial>Katherine:</FONT></SPAN></DIV>
<DIV><SPAN class=449094023-24022002><FONT
face=Arial></FONT></SPAN> </DIV>
<DIV><SPAN class=449094023-24022002><FONT face=Arial>I understand
TOTALLY your opinion; I joined this list for many of the same
reasons you did. </FONT></SPAN></DIV>
<DIV><SPAN class=449094023-24022002><FONT
face=Arial></FONT></SPAN> </DIV>
<DIV><SPAN class=449094023-24022002><FONT face=Arial>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? </FONT></SPAN></DIV>
<DIV><SPAN class=449094023-24022002><FONT
face=Arial></FONT></SPAN> </DIV>
<DIV><SPAN class=449094023-24022002><FONT face=Arial>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!</FONT></SPAN></DIV>
<DIV><SPAN class=449094023-24022002><FONT
face=Arial></FONT></SPAN> </DIV>
<DIV><SPAN class=449094023-24022002><FONT face=Arial>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?</FONT></SPAN></DIV>
<DIV><SPAN class=449094023-24022002><FONT
face=Arial></FONT></SPAN> </DIV>
<DIV><SPAN class=449094023-24022002><FONT face=Arial>(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.)</FONT></SPAN></DIV>
<DIV><SPAN class=449094023-24022002><FONT
face=Arial></FONT></SPAN> </DIV>
<DIV><SPAN class=449094023-24022002><FONT face=Arial>Debate
on!</FONT></SPAN></DIV>
<DIV><SPAN class=449094023-24022002><FONT
face=Arial></FONT></SPAN> </DIV>
<DIV><SPAN class=449094023-24022002><FONT
face=Arial>Duke</FONT></SPAN></DIV>
<BLOCKQUOTE dir=ltr
style="PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV class=OutlookMessageHeader dir=ltr align=left><FONT
face=Tahoma size=2>-----Original Message-----<BR><B>From:</B>
owner-canslim@lists.xmission.com
[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> canslim@lists.xmission.com<BR><B>Subject:</B> Re:
[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. 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.</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" 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.</DIV>
<DIV> </DIV>
<DIV>Katherine</DIV>
<DIV> </DIV>
<DIV>----- Original Message ----- </DIV>
<BLOCKQUOTE
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B>
<A title=dukemill@tampabay.rr.com
href="mailto:dukemill@tampabay.rr.com">Duke Miller</A> </DIV>
<DIV style="FONT: 10pt arial"><B>To:</B> <A
title=canslim@lists.xmission.com
href="mailto:Canslim@Lists. Xmission. Com">Canslim@Lists.
Xmission. Com</A> </DIV>
<DIV style="FONT: 10pt arial"><B>Sent:</B> Sunday, February 24,
2002 2:12 PM</DIV>
<DIV style="FONT: 10pt arial"><B>Subject:</B> [CANSLIM] Date:
Sun, 24 Feb 2002 15:11:27 -0500</DIV>
<DIV><BR></DIV>Being new to this list, I'd like to share a few
observations and proffer a<BR>what-if.<BR><BR>a) Working
through this market, tugging constantly with my buy
checklist,<BR>it helps to have company that's a) knowledgeable,
b) successful (or<BR>committed to striving for it), and c)
CERTAINLY unbiased!<BR><BR>b) The debate herein over the
merits of CANSLIM-this and/or CANSLIM-that is<BR>unending (as it
should be). The arguments haven't changed since the
concept<BR>was developed. NO matter how hard we try to
stay between the lines, we each<BR>have our own variation(s),
don't we?<BR><BR>c) It seems we're all watch-listing and
waiting, ever confident the<BR>market's going to eventually
break out ONLY when it's ready to. I agree with<BR>Katherine,
that we can certainly "mine" some winners these days. I've
got<BR>two that are showing promise, buy a dozen more I've been
"whipsawed" out of.<BR>(One thing WON taught me is not to "hide"
from my blunders, rather study and<BR>learn from them. I
still hate doing that!)<BR><BR>I think you'll all agree, trying
to unearth the one stock in four that<BR>doesn't shake us out
unmercifully in this market we're in is not fun.
So<BR>here's a what if from the glistening Gulf shores of
Anna Maria Island: Is<BR>it conceivable we might better
devote our time to channeling our collective<BR>energies toward
building "all-star" watch list? One that, when the M
does<BR>turn, we can be ready in the wings?<BR><BR>Forgive me if
the thought isn't totally developed yet (or original to
this<BR>group), but what if...those interested "sign up" to each
"nominate" one,<BR>two, or three personal-favorite watch
stocks. Ones you'd buy for your own<BR>mother! (The
"mother" of all lists???) And we take that list,
follow its<BR>contents' progress together and, on-going,
"debate" the merits of each<BR>"nomination," old or
new.<BR><BR>Just today we got lists from Tim and John; I
wonder which three from each<BR>list they'd nominate for the
Mother List?<BR><BR>IMHO, this: a) would help us expand and
refine our own lists; b) steepen our<BR>CANSLIM learning curves
via the debates; c) benefit all of us when the<BR>tide(s) turn;
and c), would be a source for a little fun (while we wait
for<BR>M)!<BR><BR>If there's enough interest, I'll be glad to
suggest a nomination checklist<BR>which we can improvise as we
go along, etc, etc, etc. So what do you think?<BR><BR>A
final note: I'm out of town until Thursday, but will be
monitoring as<BR>best I can from my remote hotmail account, iffy
at best. Worst case<BR>scenario, I'll compile a wrap-up of
your input by week's
end.<BR><BR>Duke<BR><BR><BR><BR><BR><BR>-<BR>-To
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href="mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>-In
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