Re: [CANSLIM] The Market

From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] The Market
Date: Sat, 27 Apr 2002 06:59:52 -0400
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I would comment that even Tom's favorites (microcaps and small caps, =
growth oriented) have been getting slammed pretty hard these past weeks. =
Making money in an especially ugly "M" is neither easy nor fun, and =
requires extra effort and time, and accepting far more risk. Most =
investors should be on the sidelines, guarding their cash.

Regardless of any investor's timeline horizon, the only "truly great =
companies" are those that can make us money without risks beyond our =
tolerance. Tying up capital at the wrong time can be just as costly as =
buying a stock that goes even lower.

Tom Worley
stkguru@bellsouth.net
AIM: TexWorley
- ----- 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. =


Charley=20

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<DIV><FONT face=3DArial>I would comment that even Tom's favorites =
(microcaps and=20
small caps, growth oriented) have been getting slammed pretty hard these =
past=20
weeks. Making money in an especially ugly "M" is neither easy nor fun, =
and=20
requires extra effort and time, and accepting far more risk. Most =
investors=20
should be on the sidelines, guarding their cash.</FONT></DIV>
<DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial>Regardless of any investor's timeline horizon, =
the only=20
"truly great companies" are those that can make us money without risks =
beyond=20
our tolerance. Tying up capital at the wrong time can be just as costly =
as=20
buying a stock that goes even lower.</FONT></DIV>
<DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
<DIV>Tom Worley<BR><A=20
href=3D"mailto:stkguru@bellsouth.net">stkguru@bellsouth.net</A><BR>AIM:=20
TexWorley</DIV>
<DIV style=3D"FONT: 10pt arial">----- Original Message -----=20
<DIV style=3D"BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> <A=20
title=3DChazmoore@aol.com =
href=3D"mailto:Chazmoore@aol.com">Chazmoore@aol.com</A>=20
</DIV>
<DIV><B>To:</B> <A title=3Dcanslim@lists.xmission.com=20
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
 </DIV>
<DIV><B>Sent:</B> Friday, April 26, 2002 8:19 PM</DIV>
<DIV><B>Subject:</B> [CANSLIM] The Market</DIV></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 some=20
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=20
large institutions stay on the sidelines because they really can't play =
the=20
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 has=20
turned up significantly, we can expect a trillion or more dollars to =
pour into=20
the 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 =
Electric,=20
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>=20
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