Re: [CANSLIM] Tom or Ian

From: Spencer48@aol.com
Subject: Re: [CANSLIM] Tom or Ian
Date: Thu, 18 Apr 2002 11:32:43 EDT

Next Article (by Subject): Re: [CANSLIM] Tom or Ian "J. Lobatto"
Previous Article (by Subject): Re: [CANSLIM] Tom or Ian - MRGE AlpineTap34@aol.com
Top of Thread: Re: [CANSLIM] Tom or Ian "J. Lobatto"
Next in Thread: Re: [CANSLIM] Tom or Ian "J. Lobatto"
Articles sorted by: [Date] [Author] [Subject]

Ian:

     I would add that earlier in the week, IBD ran a column (in either the 
Big Picture or Investors Corner) saying that small and mid caps were easily 
outpacing big caps. 

     As for your third paragraph (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...), I (for one) would value your picks as threshing the 
stock-wheat from the stock-chaff.  You've been in this group for some time, 
and (in my opinion) you analytical astuteness (particularly with small caps) 
is superlative.  

     However, if you don't post the stocks you're interestd in, I can't say I 
blame you.  I agree with Katherine (although it may sound selfish, it makes 
sense to me) that it's unfair that one should do all the work only for others 
to reap the benefits.

     

jans

In a message dated 4/18/2002 12:19:42 AM Eastern Daylight Time, 
ianstm@shaw.ca writes:

<< 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 >>

- -
- -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.