Re: [CANSLIM] Earnings Confidence

From: Spencer48@aol.com
Subject: Re: [CANSLIM] Earnings Confidence
Date: Mon, 1 Jul 2002 14:33:28 EDT

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Katherine:

     In a way the accounting frauds and scandals that have popped up have 
been useful to me-in this way:  I had never relied on SEC info before; all my 
fundamental info had been gleaned from DGO.  However, with earnings and even 
cash-flow now being suspect-I go to the SEC page when analyzing a company's 
stock that I wish to buy, to see what the company is doing and how it is 
doing it. (About a week ago, IBD in Investors Corner printed a column on the 
different types of  statements that companies are required to file with the 
SEC-so I believe that IBD believes this sort of fundamental info is important 
to apprise oneself of when analyzing a stock). 

     I suppose I use the "events" in a negative way to strengthen my buying 
strategy, ie. if what I see on SEC seems different than what DGO prints as to 
the company's earnings or even what the chart is saying, I drop that stock 
from my watch-list.

     As far as selling (an exit strategy),  I wouldn't buy a company in the 
first place unless I felt comfortable with it.  So for the exit strategy, I 
generally will rely on WON's dictums regarding when to sell.

jans



In a message dated 7/1/2002 2:15:33 PM Eastern Daylight Time, 
kmalm@earthlink.net writes:

<< I see the recent discussions of Anderson, WCOM, earnings confidence, etc. 
to be of great importance in CANSLIM investing, less as a matter of "current 
events" than in the sense that it impacts much of the core investing concepts 
in CANSLIM.
 
 I'm interested in finding out if and how this change in perception of 
earnings measurement will or has had any affect on your CANSLIM mining, 
entry, and/or exit strategies. If it has not yet had an effect, do you 
believe that it should? In other words, how will you modify your approach 
based on these events? How do you use these events to strengthen your 
strategies? >>

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