Re: [CANSLIM] more about M was DFXI

From: Davellil5@aol.com
Subject: Re: [CANSLIM] more about M was DFXI
Date: Fri, 5 Apr 2002 18:53:39 EST

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Hi Duke:

I find that CANSLIM is a useful tool especially in this spooky market -- for 
two reasons.

First CANSLIM says, "No", to so many stocks these days.  Isn't that what you 
should want from your stock-selection tool under present conditions?  I admit 
it's tough because it forces you to research so many non-qualifying stocks 
before you hit one that's both timely and has the performance record to 
justify purchase.  Hard work.

Second, as Katherine pointed out, even in the lousy market we've had for the 
past two years, you could find charts of hundreds of stocks that had healthy 
rises.  Many, if not most of those, started their climbs with breakouts 
following WON-type base formations.
My problem is failing to become aware of all of them at breakout time instead 
of too late to chase.  I catch a few.  If I could catch more at the right 
time, my productivity would go up.

So, don't enjoy your break so much.  Buckle down.  Keep looking. 

Best regards, Dave

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