Go to Jeff Salisbury LWGate Home Page.From: Andreas Himmelreich <judgejimmy@web.de>
Subject: AW: [CANSLIM] Date: Sun, 24 Feb 2002 15:11:27 -0500
Date: Mon, 25 Feb 2002 16:34:28 +0100
Next Article (by Subject): Re: [CANSLIM] Date: Sun, 24 Feb 2002 15:11:27 -0500 DanC
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I do not think that anybody has to justify what to share and what not,=20 thats a personal decision ... Just to lure around, share your knowlege, post stock lists, post a = trillion=20 questions a day, post your performance or not, whatever, thats all fine = by=20 me ... > -----Urspr=FCngliche Nachricht----- > Von: Katherine Malm [SMTP:kmalm@earthlink.net] > Gesendet am: Monday, February 25, 2002 3:55 PM > An: canslim@lists.xmission.com > Betreff: 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=20 so?" I believe the answer is "nothing." > > 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=20 never have chosen that stock. It's a no win situation when a person is=20 forced to walk that line and I don't want to put myself in a position = where=20 others are judging my *actions.* Let them judge or disagree with my = point=20 of view, that's the risk in putting it out there, but to set people up = to=20 judge their actions is dangerous. I grade my actions each and every day=20 when I write in my trading journal. I see no value in having *others* = grade=20 me, however. Another issue has to do with influence or bias. It's the = same=20 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] > To: '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=20 revealing what stocks you are looking to buy/short - or at least what=20 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 > 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=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 = listen in order to learn from others and become a better investor = myself.=20 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*=20 do....discuss specifics on performance, tell people what stocks I'm = looking=20 to buy/short, or reveal the positions I'm currently in. Short list, but=20 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=20 admire his in-your-face attitude about getting the effort underway as = there=20 *are* list members who will benefit. > > Have a great day, > Katherine > ----- Original Message ----- > From: Tom Worley > To: 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=20 amount of work into my investing, and intend that I benefit from it. My=20 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=20 responsibility for others. I am sure many members must have thought I = was=20 insane a few weeks ago when I mentioned that I not only fully invested = my =20 cash acct, but went to the full margin limits as well. Despite a very=20 dismal "M" since then, I am up over 13% (and yeah, for the doubters I = can=20 prove it) and could once again cash out and sit in a money market for = the=20 rest of the year. But I don't expect to do that, since I prefer to be=20 invested than in cash. > > Profits can be made on the long side even in a poor market, even = if=20 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=20 for me, I will pursue my style of investing but not share my stock = picks. > > Tom Worley > stkguru@netside.net > AIM: TexWorley > ----- Original Message ----- > From: Katherine Malm > To: 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=20 goes on quite frequently on the list. That is, people share their read = on a=20 stock from both fundamental and technical perspectives. These "examples" = as=20 you call them are instructive and I agree with you on that count. I have = 3=20 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=20 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=20 to the stock. I would prefer that we accomplish what you are suggesting = by=20 doing post analysis instead. And honestly, why should I submit the=20 conclusions of all my hard work in stock selection so that others=20 (especially non-contributors) can make money? I'll gladly share = knowledge=20 and take on a debate so as to learn something, but I won't share stock=20 picks. I'm sure there are others who feel the same but are less willing = to=20 admit it publicly. > > Katherine > ----- Original Message ----- > From: Duke Miller > To: 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=20 of the same reasons you did. > > But...your rationale for joining this list only SUPPORTS my=20 concept. What better way to become adept and expand your horizons=20 regarding CANSLIM than with real life, actual examples, I.e., our = LIMITED=20 submissions of potential CANSLIM stocks (not "stock picks") for the = Mother=20 List? > > Have you been to a CANSLIM seminar? I don't know about = you,=20 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=20 the Mother list: Forcing "members" to justify their picks before they = make=20 this list has immense educational potential. In other words, don't tell = us=20 you think this is a good pick....tell us WHY! > > So, my intent is NOT to have the concept become a list of = stock=20 picks. Rather, a list of stocks that students of CANSLIM are dxxn near=20 willing to fight for; stocks they don't want to see removed from the = list=20 for this reason or that; stocks they (and all others) can potentially = make=20 money on. My wording about "CANSLIM this and CANSLIM that" was poorly=20 chosen. I didn't mean to imply boredom. But if all that CANSLIM this = and=20 CANSLIM that is backed up by actual real life, this is my money=20 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=20 boarding cards. Even they are looking at the world a bit differently.) > > Debate on! > > Duke > -----Original Message----- > From: owner-canslim@lists.xmission.com=20 [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=20 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=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=20 to endless stock "picks" but instead a discussion of the underlying=20 principles that make CANSLIM tick; processes for finding and evaluating=20 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=20 to build knowledgeable CANSLIMers. In my mind, it is the exchange of = ideas=20 and viewpoints, not stock picks, which creates value. > > Southwest Airlines has had many copycat competitors over = the=20 years, attracted to the business by the notion that following = Southwest's=20 "simple" approach to flying was easy and repeatable. All of the early=20 copycats' businesses failed because they did not understand the most=20 important part of Southwest's strategy, i.e., that many dedicated people = work exceptionally hard and utilize a complex systematic approach to = doing=20 business that *appears* to be simple to the customers who fly with them. > > Katherine > > ----- Original Message ----- > From: Duke Miller > To: Canslim@Lists. Xmission. Com > Sent: Sunday, February 24, 2002 2:12 PM > Subject: [CANSLIM] Date: Sun, 24 Feb 2002 15:11:27 -0500 > > > Being new to this list, I'd like to share a few=20 observations and proffer a > what-if. > > a) Working through this market, tugging constantly with = my=20 buy checklist, > it helps to have company that's a) knowledgeable, b)=20 successful (or > committed to striving for it), and c) CERTAINLY = unbiased! > > b) The debate herein over the merits of CANSLIM-this=20 and/or CANSLIM-that is > unending (as it should be). The arguments haven't = changed=20 since the concept > was developed. NO matter how hard we try to stay = between=20 the lines, we each > have our own variation(s), don't we? > > c) It seems we're all watch-listing and waiting, ever=20 confident the > market's going to eventually break out ONLY when it's = ready=20 to. I agree with > Katherine, that we can certainly "mine" some winners = these=20 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,=20 rather study and > learn from them. I still hate doing that!) > > I think you'll all agree, trying to unearth the one = stock=20 in four that > doesn't shake us out unmercifully in this market we're = in=20 is not fun. So > here's a what if from the glistening Gulf shores of = Anna=20 Maria Island: Is > it conceivable we might better devote our time to=20 channeling our collective > energies toward building "all-star" watch list? One = that,=20 when the M does > turn, we can be ready in the wings? > > Forgive me if the thought isn't totally developed yet = (or=20 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=20 buy for your own > mother! (The "mother" of all lists???) And we take = that=20 list, follow its > contents' progress together and, on-going, "debate" the=20 merits of each > "nomination," old or new. > > Just today we got lists from Tim and John; I wonder = which=20 three from each > list they'd nominate for the Mother List? > > IMHO, this: a) would help us expand and refine our own=20 lists; b) steepen our > CANSLIM learning curves via the debates; c) benefit all = of=20 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=20 nomination checklist > which we can improvise as we go along, etc, etc, etc. = So=20 what do you think? > > A final note: I'm out of town until Thursday, but will = be=20 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. > << Datei: ATT00000.htm >> - - - -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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