Re: [CANSLIM] Intro: Charles Moore

From: Chazmoore@aol.com
Subject: Re: [CANSLIM] Intro: Charles Moore
Date: Sun, 17 Mar 2002 10:49:01 EST

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Tom: Our family and friends club has been set up to accommodate even young
teenagers if they are interested. Monthly minimum dues $10 and that gets you
one vote equal to any other investor regardless of total invested. This
group, with average ages of perhaps 35 or 40, is spirited and fun. They have
hundreds of questions and are eager to learn.

My retired friends, are well, retired. Our meetings are more of a social
get-together. It is hard to get them excited about anything. When I set the
club up I thought there would be a lot of interest, but in reality they are
more interested in their next cruise.

I agree that the tech sector has to come back but I fear it is a long way
down the road. For example, take a look at SunMicrosystems SUNW, a truly fine
company. It now trades at 227 time earnings, and earnings are expected to
decrease to a 9 cent loss this year, and only grow to .20 next year. At my
age I don't even buy green bananas, much less invest in companies for the
long term. On the other hand, my son can buy 1000 shares of SUNW, forget
about it for 5 or 10 years, and enjoy a good increase.

In spite of my business background I would not invest in the insurance
industry. Growth is slow and subject to catastrophic loss. I spent the better
part of 40 years trying to explain why rates fall to extreme lows then
suddenly reverse.

I think the new leaders, in the short run, will be banks, and perhaps even
stronger leaders, the credit companies. Look at Americredit (ACF), up 50%
since February 27th. Other credit card companies moving up fast are KRB and
COF. For someone in for the short term, say 3 to 6 months, I like the action.
(When I refer to the short term I mean my interest in any given stock, not my
life span.)

Charley

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<HTML>Tom: Our family and friends club has been set up to accommodate even young teenagers if they are interested. Monthly minimum dues $10 and that gets you one vote equal to any other investor regardless of total invested. This group, with average ages of perhaps 35 or 40, is spirited and fun. They have hundreds of questions and are eager to learn.
 
 My retired friends, are well, retired. Our meetings are more of a social get-together. It is hard to get them excited about anything. When I set the club up I thought there would be a lot of interest, but in reality they are more interested in their next cruise.
 
 I agree that the tech sector has to come back but I fear it is a long way down the road. For example, take a look at SunMicrosystems SUNW, a truly fine company. It now trades at 227 time earnings, and earnings are expected to decrease to a 9 cent loss this year, and only grow to .20 next year. At my age I don't even buy green bananas, much less invest in companies for the long term. On the other hand, my son can buy 1000 shares of SUNW, forget about it for 5 or 10 years, and enjoy a good increase.
 
 In spite of my business background I would not invest in the insurance industry. Growth is slow and subject to catastrophic loss. I spent the better part of 40 years trying to explain why rates fall to extreme lows then suddenly reverse.
 
 I think the new leaders, in the short run, will be banks, and perhaps even stronger leaders, the credit companies. Look at Americredit (ACF), up 50% since February 27th. Other credit card companies moving up fast are KRB and COF. For someone in for the short term, say 3 to 6 months, I like the action. (When I refer to the short term I mean my interest in any given stock, not my life span.)
 
 Charley
 
 
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