Re: [CANSLIM] The Market

From: "Ira Post" <ip108@yahoo.com>
Subject: Re: [CANSLIM] The Market
Date: Fri, 26 Apr 2002 21:36:49 -0400
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Charley,

There's something to your argument.  There are alot of ways to make =
money in the market.  Buy and hold is a time tested way that many people =
have had alot of success with.  You need alot more patience than I have =
to do it.

Ira

- ----- Original Message -----=20
  From: Chazmoore@aol.com=20
  To: canslim@lists.xmission.com=20
  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.=20

  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.=20

  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.=20

  What do you think?=20

  I wish I could participate but at my age I don't even buy green =
bananas.=20

  Charley=20

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<DIV><FONT face=3DArial size=3D2>Charley,</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial size=3D2>There's something to your =
argument.&nbsp; There are=20
alot of ways to make money in the market.&nbsp; Buy and hold is a time =
tested=20
way that many people have had alot of success with.&nbsp; You need alot =
more=20
patience than I have to do it.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial size=3D2>Ira</FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV>----- Original Message ----- </DIV>
<BLOCKQUOTE=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
  <DIV=20
  style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
  <A title=3DChazmoore@aol.com=20
  href=3D"mailto:Chazmoore@aol.com">Chazmoore@aol.com</A> </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>=
 </DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Friday, April 26, 2002 =
8:19=20
PM</DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] The =
Market</DIV>
  <DIV><BR></DIV><FONT face=3Darial,helvetica><FONT size=3D2>I belong to =
two=20
  investment clubs and both follow CANSLIM, which means we have done a =
lot of=20
  talking but not much investing for the last two years. We start our =
meetings=20
  with a brief discussion of the markets, and as you might expect, the =
message=20
  today is not much different from what it was a year ago. However, I =
would like=20
  to get some feedback on something that seems self evident to me.=20
  <BR><BR>Clearly, the large cap stocks are doing poorly across the =
board while=20
  small/mid caps, and even Tom's favorites, the microcaps, are doing =
well in=20
  some sectors. The fact that the smaller stocks are doing well is now =
on every=20
  commentators tongue, and in every financial writers column. Meanwhile, =
the=20
  very large institutions stay on the sidelines because they really =
can't play=20
  the small fry. <BR><BR>For the investor who has a ten or more year =
investment=20
  horizon, this looks like an opportunity to buy some truly great =
companies at=20
  bargain prices. I am talking about creating a core group of stocks as =
a=20
  foundation for a diversified portfolio. It seems to me that once the =
market=20
  has turned up significantly, we can expect a trillion or more dollars =
to pour=20
  into the market. The Institutions will not be buying the stocks we =
discuss on=20
  this board. They will be buying Wal-Mart, Citigroup, Exxon-Mobil, =
General=20
  Electric, and other big hitters. <BR><BR>What do you think? <BR><BR>I =
wish I=20
  could participate but at my age I don't even buy green bananas.=20
  <BR><BR>Charley</FONT> </FONT></BLOCKQUOTE></BODY></HTML>

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