Go to Jeff Salisbury LWGate Home Page.From: "Fred Richards" <adrich@gte.net>
Subject: RE: [CANSLIM] The Market
Date: Fri, 26 Apr 2002 22:09:12 -0500
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There are three old sayings that come to mind.
Hope springs eternal in the breast of man.
A fool and his money are soon parted.
There are none so blind as those that will not see.
FFR
-----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Neal Frankle
Sent: Friday, April 26, 2002 9:09 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] The Market
Well said Ian
----- Original Message -----
From: Ian
To: canslim@lists.xmission.com
Sent: Friday, April 26, 2002 6:54 PM
Subject: Re: [CANSLIM] The Market
"something that seems self evident to me"
I live in Canada where the love affair with tech seems to be every bit
as strong as in the USA. The problem is, there are only a handful of big
tech names here to choose from. Ever since late October 2000, when it took
its first big haircut from $70 to $45, is has been 'self evident' to almost
everyone around me that it was only a matter of time before NT was bid up
high again - since telephones/Internet weren't going away, and all that
insitutional money had to go somewhere. It keeps being 'self evident' to
everyone ... every successive time it gets cut in half.
I've been watching someone average down with each successive haircut -
in stunned awe at their ability to rationalize away their massive losses -
in spite of the fact that every time they bought it, my advice was sought
first, and I recommended shorting it.
IMHO, the only thing in the stock market that is 'self evident' is a
strong trend that is already in place. Playing the contrarian against those
trends has always been an incredibly high risk endeavour.
Ian
----- Original Message -----
From: Chazmoore@aol.com
To: canslim@lists.xmission.com
Sent: Friday, April 26, 2002 5:19 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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<BODY bgColor=3D#ffffff>
<DIV><SPAN class=3D110570703-27042002><FONT face=3DArial color=3D#0000ff =
size=3D2>There=20
are three old sayings that come to mind.</FONT></SPAN></DIV>
<DIV><SPAN class=3D110570703-27042002><FONT face=3DArial color=3D#0000ff =
size=3D2></FONT></SPAN> </DIV>
<DIV><SPAN class=3D110570703-27042002><FONT face=3DArial color=3D#0000ff =
size=3D2>Hope=20
springs eternal in the breast of man.</FONT></SPAN></DIV>
<DIV><SPAN class=3D110570703-27042002><FONT face=3DArial color=3D#0000ff =
size=3D2></FONT></SPAN> </DIV>
<DIV><SPAN class=3D110570703-27042002><FONT face=3DArial color=3D#0000ff =
size=3D2>A fool=20
and his money are soon parted.</FONT></SPAN></DIV>
<DIV><SPAN class=3D110570703-27042002><FONT face=3DArial color=3D#0000ff =
size=3D2></FONT></SPAN> </DIV>
<DIV><SPAN class=3D110570703-27042002><FONT face=3DArial color=3D#0000ff =
size=3D2>There=20
are none so blind as those that will not see.</FONT></SPAN></DIV>
<DIV><SPAN class=3D110570703-27042002><FONT face=3DArial color=3D#0000ff =
size=3D2></FONT></SPAN> </DIV>
<DIV><SPAN class=3D110570703-27042002><FONT face=3DArial color=3D#0000ff =
size=3D2>FFR</FONT></SPAN></DIV>
<BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
<DIV class=3DOutlookMessageHeader dir=3Dltr align=3Dleft><FONT =
face=3DTahoma=20
size=3D2>-----Original Message-----<BR><B>From:</B>=20
owner-canslim@lists.xmission.com=20
[mailto:owner-canslim@lists.xmission.com]<B>On Behalf Of </B>Neal=20
Frankle<BR><B>Sent:</B> Friday, April 26, 2002 9:09 PM<BR><B>To:</B>=20
canslim@lists.xmission.com<BR><B>Subject:</B> Re: [CANSLIM] The=20
Market<BR><BR></FONT></DIV>
<DIV><FONT face=3DArial size=3D2>Well said Ian</FONT></DIV>
<BLOCKQUOTE dir=3Dltr=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=3Dianstm@shaw.ca href=3D"mailto:ianstm@shaw.ca">Ian</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>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Friday, April 26, 2002 =
6:54=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] The =
Market</DIV>
<DIV><BR></DIV>
<DIV><FONT size=3D2>"something that seems self evident to =
me"</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=3D2>I live in Canada where the love affair with tech =
seems to=20
be every bit as strong as in the USA. The problem is, there are only =
a=20
handful of big tech names here to choose from. Ever since late =
October 2000,=20
when it took its first big haircut from $70 to $45, is has been =
'self=20
evident' to almost everyone around me that it was only a matter of =
time=20
before NT was bid up high again - since telephones/Internet weren't =
going=20
away, and all that insitutional money had to go somewhere. It keeps =
being=20
'self evident' to everyone ... every successive time it gets cut in=20
half.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=3D2>I've been watching someone average down =
with each=20
successive haircut - in stunned awe at their ability to rationalize =
away=20
their massive losses - in spite of the fact that every time they =
bought it,=20
my advice was sought first, and I recommended shorting =
it.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=3D2>IMHO, the only thing in the stock market that is =
'self=20
evident' is a strong trend that is already in place. Playing the =
contrarian=20
against those trends has always been an incredibly high risk=20
endeavour.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=3D2>Ian</FONT></DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV> </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=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=20
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> Friday, April 26, =
2002 5:19=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=20
of talking but not much investing for the last two years. We start =
our=20
meetings with a brief discussion of the markets, and as you might =
expect,=20
the message today is not much different from what it was a year =
ago.=20
However, I would like to get some feedback on something that seems =
self=20
evident to me. <BR><BR>Clearly, the large cap stocks are doing =
poorly=20
across the board while small/mid caps, and even Tom's favorites, =
the=20
microcaps, are doing well in some sectors. The fact that the =
smaller=20
stocks are doing well is now on every commentators tongue, and in =
every=20
financial writers column. Meanwhile, the very large institutions =
stay on=20
the sidelines because they really can't play the small fry. =
<BR><BR>For=20
the investor who has a ten or more year investment horizon, this =
looks=20
like an opportunity to buy some truly great companies at bargain =
prices. I=20
am talking about creating a core group of stocks as a foundation =
for a=20
diversified portfolio. It seems to me that once the market has =
turned up=20
significantly, we can expect a trillion or more dollars to pour =
into the=20
market. The Institutions will not be buying the stocks we discuss =
on this=20
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=20
I could participate but at my age I don't even buy green bananas.=20
<BR><BR>Charley</FONT>=20
</FONT></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
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Next Article (by Subject): Re: [CANSLIM] TOM.....ERES AlpineTap34@aol.com
Previous Article (by Subject): Re: [CANSLIM] The Market Neal Frankle
Top of Thread: Re: [CANSLIM] The Market John Hone
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