RE: [CANSLIM] more about M was DFXI

From: "Hill, Ernie" <Ernie.Hill@ElPaso.com>
Subject: RE: [CANSLIM] more about M was DFXI
Date: Thu, 4 Apr 2002 21:11:21 -0600

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Dan I agree with you about CANSLIM not working right now. Let's face it the
most important aspect of CANSLIM is M.

WON's study is of the best performing stocks of the past 50 years or so.
Obviously the best performing stocks of any time period of at least five
years or more will be found during bull markets.

With the exception of a few people who practice their own version of
CANSLIM, the CANSLIM discipline just hasn't worked very well recently due to
poor M. I have been doing some serious research the past six months and have
converted to swing trading stocks with CANSLIM qualities at least for the
time being. During this time I have developed a pretty accurate system for
timming the swings of the S&P 500 and have been using the upswings as profit
opportunities.

My model projects unhappy times for the market until mid April.

E

- -----Original Message-----
From: Dan Forant [mailto:dforant1@nycap.rr.com]
Sent: Thursday, April 04, 2002 5:41 AM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] DFXI


Really, the facts speak for themselves. CANSLIM has not worked well in this
type of market. Yet day after day I read  of posters jumping into stocks
fueled by other posts. If your smart you'll wait a few more months. The
atmosphere of earnings, world events and Wall Street problems are all
holding the big money back. I read where there is 3 trillion of investments
missing in the market. Why do you think they are on the sidelines???

DanF


- ----- Original Message -----
From: "Patrick Wahl" <pjwahl@attbi.com>
To: <canslim@lists.xmission.com>
Sent: Wednesday, April 03, 2002 11:38 PM
Subject: Re: [CANSLIM] DFXI


> So many breakouts have failed in the last 6 or 9 months that I avoided
this one,
> although it looked pretty good.  When is the last time any breakouts
actually
> followed through?   Until a see a few work, I'm staying out, buying on
dips if
> anything, and that I do very sparingly.
>
> > Another c/h bites the dust. Feel like I was lured in then had the trap
> > shut. Since I got in early I had a small profit when I bailed out.
> > Proof it usually doesn't pay to chase a stock after the price exceeds
> > the buy point. Charley
> >
>
>
>
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