Go to Jeff Salisbury LWGate Home Page.From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Re: [CANSLIM] HTMMIS and M
Date: Fri, 5 Apr 2002 15:59:30 -0600
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MessageFred,
Discussions such as these you might call an "itch", others might =
consider it "learning." If I'm right, you have been advising buys and =
sells for your clients during the last 2 years, despite your musings =
that one should do things other than invest.=20
While the market has not been conducive to CANSLIM stocks in the way =
that it is in a secular Bull, I don't see how you can tell people that =
going long with high quality candidates when the market is in an uptrend =
is unwise. Sorry, but there's been lots of money to be made both long =
and short over the last couple of years, and frankly, if we are moving =
into a 10 or 15 year period of sideways market, then the investor has to =
know how to move in and out of the market with the best of candidates as =
it moves in a particular direction. I don't think anything in the =
previous discussion was in any way trying to "disprove the CANSLIM =
criteria."
Katherine
- ----- Original Message -----=20
From: Fred Richards=20
To: canslim@lists.xmission.com=20
Sent: Friday, April 05, 2002 3:55 PM
Subject: RE: [CANSLIM] HTMMIS and M
Katherine and all,
I find all this talk about the lack of CANSLIM quality stocks rather =
amusing. There are some markets (and I believe that since March 2000 we =
are in one of those) where unless you want to take on the risks of =
shorting the market, it is both wiser and better for one's pocketbook to =
simply move to the sidelines, take up golf, knitting or seeing the =
grandchildren, than attempt to disprove the CANSLIM criteria.
Some of the readers on this forum will try to scratch their itch to =
trade (so to speak) and then wonder why nothing seems to make sense. =
Its the market that doesn't make sense!
FFR
-----Original Message-----
From: owner-canslim@lists.xmission.com =
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm
Sent: Friday, April 05, 2002 2:19 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] HTMMIS and M
Hi Duke,
Didn't you receive the special =
double-secret-forward-looking-X-Ray-sunglasses with your copy of HTMMIS?
Thanks for pointing out the typo, I meant 9/28/01!
Katherine
----- Original Message -----=20
From: Duke Miller=20
To: canslim@lists.xmission.com=20
Sent: Friday, April 05, 2002 2:06 PM
Subject: RE: [CANSLIM] HTMMIS and M
Katherine,
You are so good...however, since it's almost the weekend, =
rhetorically speaking, how is it you know that September 28, 2002 is =
going to be an FTD?
Enjoy your weekend and, as you usually say, happy hunting!
Duke=20
-----Original Message-----
From: owner-canslim@lists.xmission.com =
[mailto:owner-canslim@lists.xmission.com] On Behalf Of Katherine Malm
Sent: Friday, April 05, 2002 8:07 AM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] HTMMIS and M
Hi John,
I can't remember a specific reference source (jans seems to be =
good at that), but I've always been taught that part of reading the =
health of the market from a CANSLIM point of view is not only to read =
the index averages, but also to follow the strength, follow through and =
number of recent CANSLIM breakouts. I don't know that there's a specific =
number quoted, but since the last follow-through day, we've had a paltry =
few high quality stocks breaking out, many have failed and/or kissed =
their pivots repeatedly, and most of the CANSLIM universe is still =
building bases. I think the difference between what I've been seeing =
lately and what we saw over the last couple of years is that, even when =
these breakouts "fail" they seem to be falling back close to the pivot =
and building a new (shorter) consolidation, rather than just completely =
tanking and falling into oblivion.
In my own watchlist, the number of possible candidates has =
stayed steady since the previous FTD* 9/28/02, rather than consistently =
diminishing in number as it had been doing for a couple of years. That =
leaves me encouraged, though being patient and persistent in following =
these stocks while they build a base is testing me in a *big* way!!!
Katherine
*FTD =3D O'Neil Follow Through Day, for the newbies
----- Original Message -----=20
From: Cefaloni, John L Jr. [AMSTA-AR-WEA]=20
To: canslim@lists.xmission.com=20
Sent: Friday, April 05, 2002 6:44 AM
Subject: [CANSLIM] HTMMIS and M
I haven't read HTMMIS in a long time (still waiting for the =
next edition),
but I seem to recall a guideline that says that if you stop =
out on 3 good
CANSLIM stocks, it's an indication that you should take a =
break from the
market for a few weeks.
Does anyone else remember that, or am I thinking of a =
different source other
that HTMMIS?
John C.
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<HTML><HEAD><TITLE>Message</TITLE>
<META http-equiv=3DContent-Type content=3D"text/html; =
charset=3Diso-8859-1">
<META content=3D"MSHTML 6.00.2600.0" name=3DGENERATOR>
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<BODY bgColor=3D#ffffff>
<DIV>Fred,</DIV>
<DIV> </DIV>
<DIV>Discussions such as these you might call an "itch", others might =
consider=20
it "learning." If I'm right, you have been advising buys and sells for =
your=20
clients during the last 2 years, despite your musings that one should do =
things=20
other than invest. </DIV>
<DIV> </DIV>
<DIV>While the market has not been conducive to CANSLIM stocks in the =
way that=20
it is in a secular Bull, I don't see how you can tell people that going =
long=20
with high quality candidates when the market is in an uptrend is unwise. =
Sorry,=20
but there's been lots of money to be made both long and short over the =
last=20
couple of years, and frankly, if we are moving into a 10 or 15 year =
period of=20
sideways market, then the investor has to know how to move in and out of =
the=20
market with the best of candidates as it moves in a particular =
direction. I=20
don't think anything in the previous discussion was in any way trying to =
"disprove the CANSLIM criteria."</DIV>
<DIV> </DIV>
<DIV>Katherine</DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV>----- Original Message ----- </DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Dadrich@gte.net href=3D"mailto:adrich@gte.net">Fred =
Richards</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Friday, April 05, 2002 =
3:55=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> RE: [CANSLIM] HTMMIS =
and M</DIV>
<DIV><BR></DIV>
<DIV><SPAN class=3D780435121-05042002><FONT face=3DArial =
color=3D#0000ff=20
size=3D2>Katherine and all,</FONT></SPAN></DIV>
<DIV><SPAN class=3D780435121-05042002><FONT face=3DArial =
color=3D#0000ff=20
size=3D2></FONT></SPAN> </DIV>
<DIV><SPAN class=3D780435121-05042002><FONT face=3DArial =
color=3D#0000ff size=3D2>I=20
find all this talk about the lack of CANSLIM quality stocks rather=20
amusing. There are some markets (and I believe that since March =
2000 we=20
are in one of those) where unless you want to take on the risks of =
shorting=20
the market, it is both wiser and better for one's pocketbook to simply =
move to=20
the sidelines, take up golf, knitting or seeing the grandchildren, =
than=20
attempt to disprove the CANSLIM criteria.</FONT></SPAN></DIV>
<DIV><SPAN class=3D780435121-05042002><FONT face=3DArial =
color=3D#0000ff=20
size=3D2></FONT></SPAN> </DIV>
<DIV><SPAN class=3D780435121-05042002><FONT face=3DArial =
color=3D#0000ff size=3D2>Some=20
of the readers on this forum will try to scratch their itch to trade =
(so to=20
speak) and then wonder why nothing seems to make sense. Its the =
market=20
that doesn't make sense!</FONT></SPAN></DIV>
<DIV><SPAN class=3D780435121-05042002><FONT face=3DArial =
color=3D#0000ff=20
size=3D2></FONT></SPAN> </DIV>
<DIV><SPAN class=3D780435121-05042002><FONT face=3DArial =
color=3D#0000ff=20
size=3D2>FFR</FONT></SPAN></DIV>
<BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
<DIV class=3DOutlookMessageHeader dir=3Dltr align=3Dleft><FONT =
face=3DTahoma=20
size=3D2>-----Original Message-----<BR><B>From:</B>=20
owner-canslim@lists.xmission.com=20
[mailto:owner-canslim@lists.xmission.com]<B>On Behalf Of =
</B>Katherine=20
Malm<BR><B>Sent:</B> Friday, April 05, 2002 2:19 PM<BR><B>To:</B>=20
canslim@lists.xmission.com<BR><B>Subject:</B> Re: [CANSLIM] HTMMIS =
and=20
M<BR><BR></FONT></DIV>
<DIV>Hi Duke,</DIV>
<DIV> </DIV>
<DIV>Didn't you receive the special=20
double-secret-forward-looking-X-Ray-sunglasses with your copy of=20
HTMMIS?</DIV>
<DIV> </DIV>
<DIV>Thanks for pointing out the typo, I meant 9/28/01!</DIV>
<DIV> </DIV>
<DIV>Katherine</DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- =
</DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Ddukemill@tampabay.rr.com=20
href=3D"mailto:dukemill@tampabay.rr.com">Duke Miller</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Friday, April 05, =
2002 2:06=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> RE: [CANSLIM] =
HTMMIS and=20
M</DIV>
<DIV><BR></DIV>
<DIV><SPAN class=3D543290220-05042002><FONT=20
face=3DArial>Katherine,</FONT></SPAN></DIV>
<DIV><SPAN class=3D543290220-05042002><FONT=20
face=3DArial></FONT></SPAN> </DIV>
<DIV><SPAN class=3D543290220-05042002><FONT face=3DArial>You are =
so=20
good...however, since it's almost the weekend, rhetorically =
speaking,=20
how is it you know that September 28, 2002 is going to be an=20
FTD?</FONT></SPAN></DIV>
<DIV><SPAN class=3D543290220-05042002></SPAN> </DIV>
<DIV><SPAN class=3D543290220-05042002><FONT face=3DArial>Enjoy =
your weekend=20
and, as you usually say, happy hunting!</FONT></SPAN></DIV>
<DIV><SPAN class=3D543290220-05042002></SPAN> </DIV>
<DIV><SPAN class=3D543290220-05042002><FONT=20
face=3DArial>Duke</FONT> </SPAN></DIV>
<BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
<DIV></DIV>
<DIV class=3DOutlookMessageHeader lang=3Den-us dir=3Dltr =
align=3Dleft><FONT=20
face=3DTahoma size=3D2>-----Original =
Message-----<BR><B>From:</B> <A=20
=
href=3D"mailto:owner-canslim@lists.xmission.com">owner-canslim@lists.xmis=
sion.com</A>=20
[mailto:owner-canslim@lists.xmission.com] <B>On Behalf Of =
</B>Katherine=20
Malm<BR><B>Sent:</B> Friday, April 05, 2002 8:07 =
AM<BR><B>To:</B>=20
canslim@lists.xmission.com<BR><B>Subject:</B> Re: [CANSLIM] =
HTMMIS and=20
M<BR><BR></FONT></DIV>
<DIV>Hi John,</DIV>
<DIV> </DIV>
<DIV>I can't remember a specific reference source (jans seems to =
be good=20
at that), but I've always been taught that part of reading the =
health of=20
the market from a CANSLIM point of view is not only to read the =
index=20
averages, but also to follow the strength, follow through and=20
number of recent CANSLIM breakouts. I don't know that =
there's a=20
specific number quoted, but since the last follow-through day, =
we've had=20
a paltry few high quality stocks breaking out, many have failed =
and/or=20
kissed their pivots repeatedly, and most of the CANSLIM universe =
is=20
still building bases. I think the difference between what I've =
been=20
seeing lately and what we saw over the last couple of years is =
that,=20
even when these breakouts "fail" they seem to be falling back =
close to=20
the pivot and building a new (shorter) consolidation, rather =
than just=20
completely tanking and falling into oblivion.</DIV>
<DIV> </DIV>
<DIV>In my own watchlist, the number of possible candidates has =
stayed=20
steady since the previous FTD* 9/28/02, rather than =
consistently=20
diminishing in number as it had been doing for a couple of =
years. That=20
leaves me encouraged, though being patient and persistent in =
following=20
these stocks while they build a base is testing me in a *big*=20
way!!!</DIV>
<DIV> </DIV>
<DIV>Katherine</DIV>
<DIV> </DIV>
<DIV>*FTD =3D O'Neil Follow Through Day, for the newbies</DIV>
<BLOCKQUOTE=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: =
5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- =
</DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Djohn.cefaloni@us.army.mil=20
href=3D"mailto:john.cefaloni@us.army.mil">Cefaloni, John L Jr. =
[AMSTA-AR-WEA]</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Friday, April 05, =
2002 6:44=20
AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] =
HTMMIS and=20
M</DIV>
<DIV><BR></DIV>I haven't read HTMMIS in a long time (still =
waiting for=20
the next edition),<BR>but I seem to recall a guideline that =
says that=20
if you stop out on 3 good<BR>CANSLIM stocks, it's an =
indication that=20
you should take a break from the<BR>market for a few=20
weeks.<BR><BR>Does anyone else remember that, or am I thinking =
of a=20
different source other<BR>that HTMMIS?<BR><BR>John=20
C.<BR><BR><BR>-<BR>-To subscribe/unsubscribe, email "<A=20
=
href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>-In=
=20
the email body, write "subscribe canslim" or<BR>-"unsubscribe=20
canslim". Do not use quotes in your=20
=
email.</BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></=
BODY></HTML>
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