RE: [CANSLIM] How are you choosing your stocks?

From: "Duke Miller" <dukemill@tampabay.rr.com>
Subject: RE: [CANSLIM] How are you choosing your stocks?
Date: Fri, 26 Apr 2002 17:20:32 -0400

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Dimitri:

You are hitting the nail totally on the head.  Let me explain...

I think the number is one out of three: You're doing really well, WON
says, if you can have one winner out of three purchases.  That is if
you've followed the rules (especially relating to the Market) and you
don't yield to your emotions.

If that's true, when the market is ailing as it is, doesn't it stand to
reason that your odds of picking a true winner are really stacked
against you? If three out of four stocks follow the market, you do the
math.  It's not pretty. 

I find it very interesting that we CANSLIMers often quote WON chapter
and verse, but when something as important as the market goes awry, some
of us just stand around and chew on the corners.  Asking questions like,
"Why did TASR tank today?" is, no offense intended, utter evidence of
corner chewing.

Dimitri, you're not coming up with "hits" because a) the database your
screening is broken, or b) right now, there aren't any.  And when it
comes to RS, heed Katherine's words:  If the market is going south, a
decent RS could mean whatever stock you're looking at is going south,
too, just not as fast as the market.

Each weekend, I like to provoke some conversation, but this weekend I'm
refraining (or did I just do it?).  Instead, I've decided to shut up
about the market.  I've taken far too much of this valuable space on the
subject.  

Happy Hunting...

Duke

- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of Dimitri Katsaros
Sent: Friday, April 26, 2002 4:29 PM
To: canslim@lists.xmission.com
Subject: RE: [CANSLIM] How are you choosing your stocks?

As in, the fact that I am not getting any hits is
indicative of a bear market? Or I am getting way too
obsessive over rules to come up with hits? :-)

Dimitri

- --- Duke Miller <dukemill@tampabay.rr.com> wrote:
> Or maybe you should be doing what WON (and I) is
> (are) doing.  Relaxing
> altogether.
> 
> Duke

=====
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