[CANSLIM] The Market

From: Chazmoore@aol.com
Subject: [CANSLIM] The Market
Date: Fri, 26 Apr 2002 20:19:28 EDT

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I belong to two investment clubs and both follow CANSLIM, which means we have
done a lot of talking but not much investing for the last two years. We start
our meetings with a brief discussion of the markets, and as you might expect,
the message today is not much different from what it was a year ago. However,
I would like to get some feedback on something that seems self evident to me.

Clearly, the large cap stocks are doing poorly across the board while
small/mid caps, and even Tom's favorites, the microcaps, are doing well in
some sectors. The fact that the smaller stocks are doing well is now on every
commentators tongue, and in every financial writers column. Meanwhile, the
very large institutions stay on the sidelines because they really can't play
the small fry.

For the investor who has a ten or more year investment horizon, this looks
like an opportunity to buy some truly great companies at bargain prices. I am
talking about creating a core group of stocks as a foundation for a
diversified portfolio. It seems to me that once the market has turned up
significantly, we can expect a trillion or more dollars to pour into the
market. The Institutions will not be buying the stocks we discuss on this
board. They will be buying Wal-Mart, Citigroup, Exxon-Mobil, General
Electric, and other big hitters.

What do you think?

I wish I could participate but at my age I don't even buy green bananas.

Charley

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<HTML>I belong to two investment clubs and both follow CANSLIM, which means we have done a lot of talking but not much investing for the last two years. We start our meetings with a brief discussion of the markets, and as you might expect, the message today is not much different from what it was a year ago. However, I would like to get some feedback on something that seems self evident to me.
 
 Clearly, the large cap stocks are doing poorly across the board while small/mid caps, and even Tom's favorites, the microcaps, are doing well in some sectors. The fact that the smaller stocks are doing well is now on every commentators tongue, and in every financial writers column. Meanwhile, the very large institutions stay on the sidelines because they really can't play the small fry.
 
 For the investor who has a ten or more year investment horizon, this looks like an opportunity to buy some truly great companies at bargain prices. I am talking about creating a core group of stocks as a foundation for a diversified portfolio. It seems to me that once the market has turned up significantly, we can expect a trillion or more dollars to pour into the market. The Institutions will not be buying the stocks we discuss on this board. They will be buying Wal-Mart, Citigroup, Exxon-Mobil, General Electric, and other big hitters.
 
 What do you think?
 
 I wish I could participate but at my age I don't even buy green bananas.
 
 Charley</HTML>

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