Re: [CANSLIM] The Market

From: John Hone <jhone@comcast.net>
Subject: Re: [CANSLIM] The Market
Date: Fri, 26 Apr 2002 20:28:47 -0400
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Some people probably will buy those dogs but probably no-one that applies Canslim principles. The other problem is that M is so negative  that cash belongs on the sidelines. 
  ----- Original Message ----- 
  From: Chazmoore@aol.com 
  To: canslim@lists.xmission.com 
  Sent: Friday, April 26, 2002 8:19 PM
  Subject: [CANSLIM] The Market


  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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<DIV><FONT face=Arial color=#000000 size=2>Some people probably will buy those 
dogs but probably no-one that applies Canslim principles. The other problem is 
that M is so negative&nbsp; that cash belongs on the sidelines. </FONT></DIV>
<BLOCKQUOTE 
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
  <DIV style="FONT: 10pt arial">----- Original Message ----- </DIV>
  <DIV 
  style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B> 
  <A title=Chazmoore@aol.com 
  href="mailto:Chazmoore@aol.com">Chazmoore@aol.com</A> </DIV>
  <DIV style="FONT: 10pt arial"><B>To:</B> <A title=canslim@lists.xmission.com 
  href="mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A> </DIV>
  <DIV style="FONT: 10pt arial"><B>Sent:</B> Friday, April 26, 2002 8:19 
PM</DIV>
  <DIV style="FONT: 10pt arial"><B>Subject:</B> [CANSLIM] The Market</DIV>
  <DIV><BR></DIV><FONT face=arial,helvetica><FONT size=2>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. 
  <BR><BR>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. <BR><BR>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. <BR><BR>What do you think? <BR><BR>I wish I 
  could participate but at my age I don't even buy green bananas. 
  <BR><BR>Charley</FONT> </FONT></BLOCKQUOTE></BODY></HTML>

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