Go to Jeff Salisbury LWGate Home Page.From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Re: [CANSLIM] Bear Rally?
Date: Sun, 14 Apr 2002 11:10:53 -0500
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This is a multi-part message in MIME format. - ------=_NextPart_000_01B5_01C1E3A5.0AE87500 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Mona, Some comments on your points-- 1. I've always believed that the same steps in due diligence have to be = taken on all stocks, regardless of the business, and I do this without = exception. I look at it as the difference between reading an instruction = manual and a good book. Both have value, one I plod through, the other I = fly through. 2. Agreed that little economic progress can be made without = technological innovation, and this will continue to drive economic = growth. However, the era of "all tech all the time" is over. Tech will = continue to innovate, but the market will not necessarily be dominated = by tech names in the same way it was in the last Bull. It's innovation = in general that garners market winners. That innovation can take many = forms from tech, to business market redefinition, new applications for = existing technologies, etc. 3. Pull out a chart of the market from the mid 1960's to about 1982. = *That's* a sideways market. (You can see the same thing in the market = after the crash of 1929. That sideways market went on until about 1949) = Within a sideways market there are winners and losers, up and down = waves, but the market as a whole from the beginning of the cycle to the = end is for the most part flat. Exploiting sector rotation with the = strongest stocks is key to successfully investing in such a market. Katherine ----- Original Message -----=20 From: Mona Guarino=20 To: canslim@lists.xmission.com=20 Sent: Sunday, April 14, 2002 1:52 PM Subject: RE: [CANSLIM] Bear Rally? Katherine --=20 1. on the one hand, due diligence on non-tech stocks may not be as = exciting for the tech-minded among us, but as a newbie to the CANSLIM = principles, I am finding that it forces me to stay focused on the = investing process and I don't get as distracted by excitement of the the = technology itself. For me, not a bad thing at the moment to have my = focus enforced. 2. I agree that tech is very unlikely to lead as it did before. But, I = don't see intuitively how any overall improvement in the market can = occur without at least improving tech's current position. How does = anyone to it cheaper / better / faster without an effect on tech? 3. In various messages, you seem to indicate that you believe the = current directionlessness of the market will continue for years. = Definietly think that that's where we are now and that it's not going to = change in the next quarter or two, but wonder what suggests it will be = many more years of this. -- Mona - ------=_NextPart_000_01B5_01C1E3A5.0AE87500 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable <!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD> <META http-equiv=3DContent-Type content=3D"text/html; = charset=3Diso-8859-1"> <META content=3D"MSHTML 6.00.2600.0" name=3DGENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=3D#ffffff> <DIV>Hi Mona,</DIV> <DIV> </DIV> <DIV>Some comments on your points--</DIV> <DIV> </DIV> <DIV>1. I've always believed that the same steps in due diligence have = to be=20 taken on all stocks, regardless of the business, and I do this without=20 exception. I look at it as the difference between reading an instruction = manual=20 and a good book. Both have value, one I plod through, the other I fly=20 through.</DIV> <DIV> </DIV> <DIV>2. Agreed that little economic progress can be made without = technological=20 innovation, and this will continue to drive economic growth. However, = the era of=20 "all tech all the time" is over. Tech will continue to innovate, but the = market=20 will not necessarily be dominated by tech names in the same way it was = in the=20 last Bull. It's innovation in general that garners market winners. That=20 innovation can take many forms from tech, to business market = redefinition, new=20 applications for existing technologies, etc.</DIV> <DIV> </DIV> <DIV>3. Pull out a chart of the market from the mid 1960's to about = 1982.=20 *That's* a sideways market. (You can see the same thing in the market = after the=20 crash of 1929. That sideways market went on until about 1949) Within a = sideways=20 market there are winners and losers, up and down waves, but the market = as a=20 whole from the beginning of the cycle to the end is for the most part = flat.=20 Exploiting sector rotation with the strongest stocks is key to = successfully=20 investing in such a market.</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=3Dwebmaster@design21.com = href=3D"mailto:webmaster@design21.com">Mona=20 Guarino</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> Sunday, April 14, 2002 = 1:52=20 PM</DIV> <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> RE: [CANSLIM] Bear = Rally?</DIV> <DIV><BR></DIV> <DIV><FONT face=3DArial color=3D#0000ff size=3D2><SPAN=20 class=3D510423418-14042002>Katherine -- </SPAN></FONT></DIV> <DIV><FONT face=3DArial color=3D#0000ff size=3D2><SPAN=20 class=3D510423418-14042002></SPAN></FONT> </DIV> <DIV><FONT face=3DArial color=3D#0000ff size=3D2><SPAN = class=3D510423418-14042002>1.=20 on the one hand, due diligence on non-tech stocks may not be as = exciting for=20 the tech-minded among us, but as a newbie to the CANSLIM principles, I = am=20 finding that it forces me to stay focused on the investing process and = I don't=20 get as distracted by excitement of the the technology itself. For me, = not a=20 bad thing at the moment to have my focus enforced.</SPAN></FONT></DIV> <DIV><FONT face=3DArial color=3D#0000ff size=3D2><SPAN=20 class=3D510423418-14042002></SPAN></FONT> </DIV> <DIV><FONT face=3DArial color=3D#0000ff size=3D2><SPAN = class=3D510423418-14042002>2. I=20 agree that tech is very unlikely to lead as it did before. But, I = don't see=20 intuitively how any overall improvement in the market can occur = without at=20 least improving tech's current position. How does anyone to it cheaper = /=20 better / faster without an effect on tech?</SPAN></FONT></DIV> <DIV><FONT face=3DArial color=3D#0000ff size=3D2><SPAN=20 class=3D510423418-14042002></SPAN></FONT> </DIV> <DIV><FONT face=3DArial color=3D#0000ff size=3D2><SPAN=20 class=3D510423418-14042002>3. In various messages, you seem to = indicate=20 that you believe the current directionlessness of the market will = continue for=20 years. Definietly think that that's where we are now and that it's not = going=20 to change in the next quarter or two, but wonder what suggests it will = be many=20 more years of this.</SPAN></FONT></DIV> <DIV><FONT face=3DArial color=3D#0000ff size=3D2><SPAN=20 class=3D510423418-14042002></SPAN></FONT> </DIV> <DIV><FONT face=3DArial color=3D#0000ff size=3D2><SPAN = class=3D510423418-14042002>--=20 Mona</SPAN></FONT></DIV></BLOCKQUOTE></BODY></HTML> - ------=_NextPart_000_01B5_01C1E3A5.0AE87500-- - - - -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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