Go to Jeff Salisbury LWGate Home Page.From: "Dan Forant" <dforant1@nycap.rr.com>
Subject: Re: [CANSLIM] Today's IBD "Big Picture" comments...
Date: Thu, 2 May 2002 18:49:36 -0400
Next Article (by Author): Re: [CANSLIM] HUM Harvey Brion
Articles sorted by: [Date]
[Author]
[Subject]
When did they come to that conclusion???????? Tremendous foresight. DanF - ----- Original Message ----- From: "Duke Miller" <dukemill@tampabay.rr.com> To: <canslim@lists.xmission.com> Sent: Thursday, May 02, 2002 4:40 PM Subject: RE: [CANSLIM] Today's IBD "Big Picture" comments... > Current Market conditions do not warrant any CANSLIM purchases. > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com] On Behalf Of Hill, Ernie > Sent: Thursday, May 02, 2002 9:23 AM > To: 'canslim@lists.xmission.com' > Subject: RE: [CANSLIM] Today's IBD "Big Picture" comments... > > > Winston, > > While it is the spirit of CANSLIM to hold on for larger gains, I must > agree with you. Current market conditions do not allow for prolonged > rallies. You need to be nimble and have some good sell rules to follow. > > Many of the stocks that have been swimming upstream despite the undertow > of the larger indexes have had considerable whipsaw action. It is a > tough environment right now. Take advantage of the short rallies the > market gives you and be super cautious or just watch while M is > dropping. > > E > > -----Original Message----- > From: Winston Little [mailto:wlittle1@peoplepc.com] > Sent: Thursday, May 02, 2002 8:12 AM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] Today's IBD "Big Picture" comments... > > Tom: > In my trading during the past several months, I have been through a > series of issues that appeared to fit the CANSLIM criteria, then were > hit with adverse overnight or early morning news. Result was a drop of > 30 to 40% in price in pre-opening trade (no opportunity to contain loss > to under 7%), and no significant recovery afterwards. CACI is a recent > example. My other gainers were of smaller magnitude. Since it takes many > more small gains to equal one big loser, net result was not good for me. > Thus, I concluded that taking smaller gains QUICKLY and moving on is > more reliable in "this market". What I mean by "this market" is that > Monday's hero is often Thursday's goat. > > > ----- Original Message ----- > From: "Tom Worley" <stkguru@bellsouth.net> > To: <canslim@lists.xmission.com> > Sent: Wednesday, May 01, 2002 7:19 PM > Subject: Re: [CANSLIM] Today's IBD "Big Picture" comments... > > > > 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 > > > > > > > > > > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the > > > email body, write "subscribe canslim" or -"unsubscribe canslim". Do > > > > not use quotes in your email. > > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or -"unsubscribe > > canslim". Do not use quotes in your email. > > > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or -"unsubscribe > > canslim". Do not use quotes in your email. > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > ****************************************************************** > This email and any files transmitted with it from the ElPaso > Corporation are confidential and intended solely for the > use of the individual or entity to whom they are addressed. > If you have received this email in error please notify the > sender. > ****************************************************************** > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
Next Article (by Author): Re: [CANSLIM] HUM Harvey Brion
Articles sorted by: [Date]
[Author]
[Subject]