Go to Jeff Salisbury LWGate Home Page.From: "Duke Miller" <dukemill@tampabay.rr.com>
Subject: RE: [CANSLIM] Tom or Ian
Date: Thu, 18 Apr 2002 22:33:09 -0400
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Here we go again. As most will recall I proposed some time ago that we
all throw a few stocks in the hopper and dissect, but, admittedly, the
"watch list" moniker was not apropos. I do think, however, that the new
Web Link feature at IBD could be the seed for what Katherine is alluding
to below. Web Link pretty much dissects the chart and the checkup; so
why can't we do that and more with stocks that list members put on the
table? Not recommendations, mind you; just, "Hey, I like what I'm
seeing on this one; What do ya'll think?" Then, let the group work them
over and wonder why: Why is this not a good buy or why is it a good buy?
And as for the issue stock price, maybe we ought to allow discussion
down to the $10+ level. Just a suggestion.
Duke
- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of Katherine Malm
Sent: Thursday, April 18, 2002 6:21 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] Tom or Ian
Bill and others,
Here's a suggestion so that you can both practice and contribute to the
list. Take a look at the IBD's list of most actives, "where the big
money's flowing", the weekend list, etc., and then randomly select a
stock or 2. Run them through a CANSLIM analysis and then post your
results for feedback. I find that most stocks I mine end up in the
stinky fish bin, so the conclusion in your analysis may very well be
thumbs-down and that should also be okay to post. You and others on the
list get to practice with a current stock and absolutely nobody will
then feel obligated to post their own mined list of candidates in order
to generate learning opportunities.
Katherine
- ----- Original Message -----
From: William King <mailto:wk11@adelphia.net>
To: canslim@lists.xmission.com
Sent: Thursday, April 18, 2002 2:26 PM
Subject: Re: [CANSLIM] Tom or Ian
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 >>
>
> -
> -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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- -In the email body, write "subscribe canslim" or
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<DIV><SPAN class=3D624142202-19042002><FONT face=3DArial>Here we go =
again. As=20
most will recall I proposed some time ago that we all throw a few stocks =
in the=20
hopper and dissect, but, admittedly, the "watch list" moniker was not=20
apropos. I do think, however, that the new Web Link feature at IBD =
could=20
be the seed for what Katherine is alluding to below. Web Link =
pretty much=20
dissects the chart and the checkup; so why can't we do that and more =
with stocks=20
that list members put on the table? Not recommendations, mind you; =
just,=20
"Hey, I like what I'm seeing on this one; What do ya'll think?" Then,=20
l</FONT></SPAN><SPAN class=3D624142202-19042002><FONT face=3DArial>et =
the group work=20
them over and wonder why: Why is this not a good buy or why is it a good =
buy? </FONT></SPAN></DIV>
<DIV><SPAN class=3D624142202-19042002><FONT =
face=3DArial></FONT></SPAN> </DIV>
<DIV><SPAN class=3D624142202-19042002><FONT face=3DArial>And as for the =
issue stock=20
price, maybe we ought to allow discussion down to the $10+ level. =
Just a=20
suggestion.</FONT></SPAN></DIV>
<DIV><SPAN class=3D624142202-19042002><FONT =
face=3DArial></FONT></SPAN> </DIV>
<DIV><SPAN class=3D624142202-19042002><FONT =
face=3DArial>Duke</FONT></SPAN></DIV>
<BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
<DIV></DIV>
<DIV class=3DOutlookMessageHeader lang=3Den-us dir=3Dltr =
align=3Dleft><FONT=20
face=3DTahoma size=3D2>-----Original Message-----<BR><B>From:</B>=20
owner-canslim@lists.xmission.com =
[mailto:owner-canslim@lists.xmission.com]=20
<B>On Behalf Of </B>Katherine Malm<BR><B>Sent:</B> Thursday, April 18, =
2002=20
6:21 PM<BR><B>To:</B> canslim@lists.xmission.com<BR><B>Subject:</B> =
Re:=20
[CANSLIM] Tom or Ian<BR><BR></FONT></DIV>
<DIV>Bill and others,</DIV>
<DIV> </DIV>
<DIV>Here's a suggestion so that you can both practice and contribute =
to the=20
list. Take a look at the IBD's list of most actives, "where the big =
money's=20
flowing", the weekend list, etc., and then randomly select a stock or =
2. Run=20
them through a CANSLIM analysis and then post your results =
for=20
feedback. I find that most stocks I mine end up in the stinky fish =
bin, so the=20
conclusion in your analysis may very well be thumbs-down and that =
should also=20
be okay to post. You and others on the list get to practice with a =
current=20
stock and absolutely nobody will then feel obligated to post their own =
mined=20
list of candidates in order to generate learning opportunities.</DIV>
<DIV> </DIV>
<DIV>Katherine</DIV>
<BLOCKQUOTE=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=3Dwk11@adelphia.net =
href=3D"mailto:wk11@adelphia.net">William King</A>=20
</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>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Thursday, April 18, =
2002 2:26=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] Tom or =
Ian</DIV>
<DIV><BR></DIV>Re list posting........<BR><BR>As newbie and =
noncontributor=20
to date, I can see the rationale of the older<BR>and more astute =
members of=20
the list to not share the results of their hard<BR>work so that =
others can=20
benefit.<BR><BR>However, IMHO, there would be some benefit to the =
overall=20
list if the new<BR>members became better stock investors (and =
subsequently=20
contributors) based<BR>on analyzing the posted stocks. Personally, I =
have=20
learned a lot already<BR>by researching the stocks that =
are=20
discussed to see if I would buy them<BR>based on my understanding =
of =20
the CANSLIM approach.<BR><BR>Bill King<BR>----- Original Message=20
-----<BR>From: <<A=20
href=3D"mailto:Spencer48@aol.com">Spencer48@aol.com</A>><BR>To: =
<<A=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
><BR>Sent:=20
Thursday, April 18, 2002 11:32 AM<BR>Subject: Re: [CANSLIM] Tom or=20
Ian<BR><BR><BR>> =
Ian:<BR>><BR>> I=20
would add that earlier in the week, IBD ran a column (in either =
the<BR>>=20
Big Picture or Investors Corner) saying that small and mid caps=20
were<BR>easily<BR>> outpacing big=20
caps.<BR>><BR>> As for your =
third=20
paragraph (One of the reasons I rarely post picks<BR>here<BR>> is =
that=20
the issues I find with the most favourable risk/reward =
outlook<BR>>=20
(IMO), have been under $15 (and many sub $10) stocks for quite =
some=20
time.<BR>I<BR>> know that the majority of list<BR>> =
readers are=20
resolute in sticking to higher price stocks, so I try not =
to<BR>> =20
bring them up often...), I (for one) would value your picks as=20
threshing<BR>the<BR>> stock-wheat from the stock-chaff. =
You've been=20
in this group for some<BR>time,<BR>> and (in my opinion) you =
analytical=20
astuteness (particularly with small<BR>caps)<BR>> is=20
superlative.<BR>><BR>> However, =
if you=20
don't post the stocks you're interestd in, I can't<BR>say I<BR>> =
blame=20
you. I agree with Katherine (although it may sound selfish,=20
it<BR>makes<BR>> sense to me) that it's unfair that one should do =
all the=20
work only for<BR>others<BR>> to reap the=20
benefits.<BR>><BR>><BR>><BR>> jans<BR>><BR>> In a =
message=20
dated 4/18/2002 12:19:42 AM Eastern Daylight Time,<BR>> <A=20
href=3D"mailto:ianstm@shaw.ca">ianstm@shaw.ca</A> =
writes:<BR>><BR>>=20
<< Dimitri:<BR>><BR>> I prefer to buy stocks in =
the=20
$12-$15 range, but that is not what the<BR>market<BR>> is =
offering=20
right now. IMHO, the original 'S' in CANSLIM overrides =
price<BR>> =20
nits. In fact, the biggest hurdle I see to a long sustained move up=20
in<BR>tech<BR>> stocks is that they split way too many =
times in the=20
1998-2000 mania,<BR>leaving<BR>> most of them horrendously=20
over-priced on a P/S or P/E basis above $15. (I<BR>> have =
long felt=20
that the tech bear will finally be over when many of<BR>> =20
yesteryears winners start doing reverse splits - LU's recent=20
announcement<BR>> was encouraging).<BR>><BR>> =
Remember=20
that when WON did his original research, the median number =
of<BR>> =20
shares outstanding was 4,000,000! I would absolutely love to have a=20
large<BR>> selection of $15+ stocks with solid growth, and =
less=20
than 10,000,000<BR>shares<BR>> outstanding. I just cannot =
find that=20
many - although there are some: MTEC<BR>> comes to mind - =
it is the=20
poster child for CANSLIM IMHO, with less than<BR>> =
5,000,000 shares=20
out.<BR>><BR>> One of the reasons I rarely post picks =
here is=20
that the issues I find<BR>with<BR>> the most favourable =
risk/reward=20
outlook (IMO), have been under $15 (and<BR>many<BR>> sub =
$10)=20
stocks for quite some time. I know that the majority of =
list<BR>> =20
readers are resolute in sticking to higher price stocks, so I try =
not=20
to<BR>> bring them up often (someone explicitly asked me =
about MRGE=20
today - so I<BR>> posted my =
position).<BR>><BR>> I do=20
not like being pedantic - I like to make money. I use all=20
the<BR>letters<BR>> in CANSLIM, giving 'S" far more weight =
than=20
most people, but I don't<BR>worry<BR>> too much about the =
'extra'=20
WON criteria like price and volume.<BR>><BR>> Ian=20
>><BR>><BR>> -<BR>> -To subscribe/unsubscribe, email =
"<A=20
=
href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>>=
; -In=20
the email body, write "subscribe canslim" or<BR>> -"unsubscribe=20
canslim". Do not use quotes in your email.<BR><BR><BR>-<BR>-To =
subscribe/unsubscribe, email "<A=20
=
href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>-In=
the=20
email body, write "subscribe canslim" or<BR>-"unsubscribe =
canslim". Do=20
not use quotes in your =
email.</BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
- ------=_NextPart_000_0022_01C1E729.072A1B80--
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- -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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