Re: [CANSLIM] Today's IBD "Big Picture" comments...

From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] Today's IBD "Big Picture" comments...
Date: Wed, 1 May 2002 19:19:21 -0400

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I disagree, Winston

I did very well in 2001 applying my version of CANSLIM, and I doubt anyone
would call that a bull market.

I did it with buy and hold throughout the year, I doubt I sold any position
less than a month after purchase, some were held the entire year.

Tom Worley
stkguru@bellsouth.net
AIM: TexWorley
- ----- Original Message -----
From: "Winston Little" <wlittle1@peoplepc.com>
To: <canslim@lists.xmission.com>
Sent: Wednesday, May 01, 2002 12:44 PM
Subject: Re: [CANSLIM] Today's IBD "Big Picture" comments...


My observations:
- - true CANSLIM works well in a "bull market'.
- - ALL markets have issues which are rising and some which are falling. (In
bull market more rise than fall and the life of a rise is very long).
- - we are currently in a rotational market, with the life of a trend varying
from one or two days to at most one month
- - in this era only the fast survive, a good example is that of OVER during
the past week.
The quickest way to lose money is buy and hold . It is similar to grabbing a
handful of smoke and hoping to keep it.


- ----- Original Message -----
From: "Bill Triffet" <btriffet@earthlink.net>
To: "canslim" <canslim@lists.xmission.com>
Sent: Wednesday, May 01, 2002 12:12 PM
Subject: [CANSLIM] Today's IBD "Big Picture" comments...


> Well friends, it seems that today's IBD confirms what I've thought about
the
> M in canslim - It's not necessarily based on the readings of the three
major
> market indexes ( a big departure from HTMMIS).
>
> I'm paraphrasing the last three paragraphs of "The Big Picture"(there are
> stiff copyright disclaimers at IBD):
>
> It will take a few days to see if the rotation BACK into the Dow, Naz, and
> S&P is valid. There should be a big move in heavier volume by the end of
the
> week to confirm it.
>
> It goes on to say it's a "nonissue" for growth investors since small and
> mid-cap stocks along with medical, consumer and defense are doing well
> despite the big averages. If they hold up, it says, the major averages
could
> improve.
>
> Also mentions "careful trading" with tight loss cutting is key.
>
> My point? IMHO, IBD is marketed for many types of investors. Pure canslim
> (if there is such a thing) is just one of them.
>
> I think perhaps it's time for me to look at growth investing with a
canslim
> approach. I'm starting to see several here have done this to great success
> (though with very close watching). Including things such as a lower but
> advancing RS as opposed to just a high rating and not be afraid to jump
into
> stocks in an upwards trending sector though the market is flat or down IF
> they have good fundies.
>
> Several times this and last year I saw stocks and groups moving ahead but
> stayed out due to the major indexes downward trend. Comments?
>
> Btw, for Fred, it suggests there's heavy distribution out of gold and
> precious metals by investors.
>
> Bill Triffet
>
>
>
>
>
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