Re: [CANSLIM] Tom or Ian

From: "William King" <wk11@adelphia.net>
Subject: Re: [CANSLIM] Tom or Ian
Date: Thu, 18 Apr 2002 15:26:53 -0400

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Re list posting........

As newbie and noncontributor to date, I can see the rationale of the older
and more astute members of the list to not share the results of their hard
work so that others can benefit.

However, IMHO, there would be some benefit to the overall list if the new
members became better stock investors (and subsequently contributors) based
on analyzing the posted stocks. Personally, I have learned a lot  already
by researching  the stocks that are discussed to see if I would buy them
based on my understanding of  the CANSLIM approach.

Bill King
- ----- Original Message -----
From: <Spencer48@aol.com>
To: <canslim@lists.xmission.com>
Sent: Thursday, April 18, 2002 11:32 AM
Subject: Re: [CANSLIM] Tom or Ian


> 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 >>
>
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