Go to Jeff Salisbury LWGate Home Page.From: DanC <danc@compuall.net>
Subject: Re: [CANSLIM] Date: Sun, 24 Feb 2002 15:11:27 -0500
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With all due respect, John, personal boundries of others and ones own are
not hard concepts to honor.
<p>Dan
<p>"Cefaloni, John L Jr. [AMSTA-AR-WEA]" wrote:
<blockquote TYPE=CITE><style></style>
<span class=270495713-25022002><font face="Arial"><font color="#0000FF"><font size=-1>Katherine,</span><span class=270495713-25022002></span><span class=270495713-25022002>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? </span><span class=270495713-25022002></span><span class=270495713-25022002>John
C.</font></font></font></span>
<blockquote dir=ltr style="MARGIN-RIGHT: 0px">
<div class="OutlookMessageHeader" dir="ltr"><font face="Tahoma"><font size=-1>-----Original
Message-----</font></font>
<br><font face="Tahoma"><font size=-1><b>From:</b> Katherine Malm [<A HREF="mailto:kmalm@earthlink.net">mailto:kmalm@earthlink.net</A>]</font></font>
<br><font face="Tahoma"><font size=-1><b>Sent:</b> Monday, February 25,
2002 8:54 AM</font></font>
<br><font face="Tahoma"><font size=-1><b>To:</b> canslim@lists.xmission.com</font></font>
<br><font face="Tahoma"><font size=-1><b>Subject:</b> Re: [CANSLIM] Date:
Sun, 24 Feb 2002 15:11:27 -0500</font></font></div>
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
<blockquote dir=ltr
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<div style="FONT: 10pt arial">----- Original Message -----</div>
<div
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><b>From:</b><a href="mailto:stkguru@netside.net" title="stkguru@netside.net">Tom
Worley</a></div>
<div style="FONT: 10pt arial"><b>To:</b> <a href="mailto:canslim@lists.xmission.com" title="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>
<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> <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> Tom Worley
<br><a href="mailto:stkguru@netside.net">stkguru@netside.net</a>
<br>AIM: TexWorley
<blockquote dir=ltr
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<div style="FONT: 10pt arial">----- Original Message -----</div>
<div
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><b>From:</b><a href="mailto:kmalm@earthlink.net" title="kmalm@earthlink.net">Katherine
Malm</a></div>
<div style="FONT: 10pt arial"><b>To:</b> <a href="mailto:canslim@lists.xmission.com" title="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>
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
<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 href="mailto:dukemill@tampabay.rr.com" title="dukemill@tampabay.rr.com">Duke
Miller</a></div>
<div style="FONT: 10pt arial"><b>To:</b> <a href="mailto:canslim@lists.xmission.com" title="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>
<span class=449094023-24022002><font face="Arial">Katherine:</span><span class=449094023-24022002></span><span class=449094023-24022002>I
understand TOTALLY your opinion; I joined this list for many of the same
reasons you did. </span><span class=449094023-24022002></span><span class=449094023-24022002>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? </span><span class=449094023-24022002></span><span class=449094023-24022002>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!</span><span class=449094023-24022002></span><span class=449094023-24022002>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?</span><span class=449094023-24022002></span><span class=449094023-24022002>(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.)</span><span class=449094023-24022002></span><span class=449094023-24022002>Debate
on!</span><span class=449094023-24022002></span><span class=449094023-24022002>Duke</font></span>
<blockquote dir=ltr
style="PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<div class="OutlookMessageHeader" dir="ltr"><font face="Tahoma"><font size=-1>-----Original
Message-----</font></font>
<br><font face="Tahoma"><font size=-1><b>From:</b> owner-canslim@lists.xmission.com
[<A HREF="mailto:owner-canslim@lists.xmission.com">mailto:owner-canslim@lists.xmission.com</A>]<b>On Behalf Of </b>Katherine
Malm</font></font>
<br><font face="Tahoma"><font size=-1><b>Sent:</b> Sunday, February 24,
2002 6:20 PM</font></font>
<br><font face="Tahoma"><font size=-1><b>To:</b> canslim@lists.xmission.com</font></font>
<br><font face="Tahoma"><font size=-1><b>Subject:</b> Re: [CANSLIM] Date:
Sun, 24 Feb 2002 15:11:27 -0500</font></font></div>
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 -----
<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 href="mailto:dukemill@tampabay.rr.com" title="dukemill@tampabay.rr.com">Duke
Miller</a></div>
<div style="FONT: 10pt arial"><b>To:</b> <a href="mailto:Canslim@Lists. Xmission. Com" title="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>
Being new to this list, I'd like to share a few observations and
proffer a
<br>what-if.
<p>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!
<p>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?
<p>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!)
<p>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?
<p>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.
<p>Just today we got lists from Tim and John; I wonder which three
from each
<br>list they'd nominate for the Mother List?
<p>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)!
<p>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?
<p>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.
<p>Duke
<br>
<br>
<br>
<br>
<p>-
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Next Article (by Subject): RE: [CANSLIM] Date: Sun, 24 Feb 2002 15:11:27 -0500 "Cefaloni, John L Jr. [AMSTA-AR-WEA]"
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