Re: [CANSLIM] Tom or Ian

From: Ian <ianstm@shaw.ca>
Subject: Re: [CANSLIM] Tom or Ian
Date: Wed, 17 Apr 2002 20:35:00 -0700

Next Article (by Author): Re: [CANSLIM] When to Buy John Lessnau
Previous Article (by Author): Re: [CANSLIM] Tom or Ian Dimitri Katsaros
Top of Thread: Re: [CANSLIM] Tom or Ian Dimitri Katsaros
Articles sorted by: [Date] [Author] [Subject]

Dimitri:

I prefer to buy stocks in the $12-$15 range, but that is not what the market
is offering right now. IMHO, the original 'S' in CANSLIM overrides price
nits. In fact, the biggest hurdle I see to a long sustained move up in tech
stocks is that they split way too many times in the 1998-2000 mania, leaving
most of them horrendously over-priced on a P/S or P/E basis above $15. (I
have long felt that the tech bear will finally be over when many of
yesteryears winners start doing reverse splits - LU's recent announcement
was encouraging).

Remember that when WON did his original research, the median number of
shares outstanding was 4,000,000! I would absolutely love to have a large
selection of $15+ stocks with solid growth, and less than 10,000,000 shares
outstanding. I just cannot find that many - although there are some: MTEC
comes to mind - it is the poster child for CANSLIM IMHO, with less than
5,000,000 shares out.

One of the reasons I rarely post picks here is that the issues I find with
the most favourable risk/reward outlook (IMO), have been under $15 (and many
sub $10) stocks for quite some time. I know that the majority of list
readers are resolute in sticking to higher price stocks, so I try not to
bring them up often (someone explicitly asked me about MRGE today - so I
posted my position).

I do not like being pedantic - I like to make money. I use all the letters
in CANSLIM, giving 'S" far more weight than most people, but I don't worry
too much about the 'extra' WON criteria like price and volume.

Ian

- ----- Original Message -----
From: Dimitri Katsaros <dcka@yahoo.com>
To: <canslim@lists.xmission.com>
Sent: Wednesday, April 17, 2002 4:18 PM
Subject: Re: [CANSLIM] Tom or Ian

> Congrats on the price jump, but what happened to that
> rule about no stock below 12 or 15?
>
> Dimitri
>
> --- Ian <ianstm@shaw.ca> wrote:
> > Hi:
> >
> > I bought MRGE at around $4, and again around $5
> > (both in late February). I
> > still own it - was planning on selling in the $9's
> > originally. Based on past
> > experience, these kind of short-term surges often
> > hit a brick wall at $10.
> > Sure was amazing volume today though.
> >
> > Ian
> >
> >
> > ----- Original Message -----
> > From: <AlpineTap34@aol.com>
> > To: <canslim@lists.xmission.com>
> > Sent: Wednesday, April 17, 2002 8:01 AM
> > Subject: [CANSLIM] Tom or Ian
> >
> >
> > > Was wondering if you guys followed or had an
> > opinion on MRGE? I realize
> > it's
> > > not CANSLIM, but know ya'll watch a few micros
> > from time to time. Any
> > > thoughts much appreciated.
> > >
> > > -
> > > -To subscribe/unsubscribe, email
> > "majordomo@xmission.com"
> > > -In the email body, write "subscribe canslim" or
> > > -"unsubscribe canslim".  Do not use quotes in your
> > email.
> >
> >
> > -
> > -To subscribe/unsubscribe, email
> > "majordomo@xmission.com"
> > -In the email body, write "subscribe canslim" or
> > -"unsubscribe canslim".  Do not use quotes in your
> email.
>
>
> =====
> Quiquid latine dictum sit altum viditur
>
> __________________________________________________
> Do You Yahoo!?
> Yahoo! Tax Center - online filing with TurboTax
> http://taxes.yahoo.com/
>
> -
> -To subscribe/unsubscribe, email "majordomo@xmission.com"
> -In the email body, write "subscribe canslim" or
> -"unsubscribe canslim".  Do not use quotes in your email.

- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim".  Do not use quotes in your email.

Go to Jeff Salisbury LWGate Home Page.