Go to Jeff Salisbury LWGate Home Page.From: "Hill, Ernie" <Ernie.Hill@ElPaso.com>
Subject: RE: [CANSLIM] Earnings Confidence
Date: Mon, 1 Jul 2002 18:58:01 -0500
Previous Article (by Date): RE: [CANSLIM] Earnings Confidence "David Taggart"
Top of Thread: Re: [CANSLIM] Earnings Confidence Dave Cameron
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So, David, those are the other three books in your top five? :) E -----Original Message----- From: David Taggart [mailto:dctag@mavericktrading.com] Sent: Monday, July 01, 2002 6:48 PM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] Earnings Confidence Well I would have to put in Reminisces of a Stock Operator, Winning on Wall Street Zweig, Small-Cap dynamics Pradhuman, How to Trade in Stocks Livermore, Fooled by Randomness Taleb, Education of a Speculator Niederhoffer, Alchemy of Finance (the second and third time I had to re read it because I didnt reall get it) Soros, Technical Analysis from the Schwager on Futures series and Tech analysis of the Financial Markets by Murphy kinda tie for my favorite Tech analysis books, A Zebra in Lion Country Wagner. BTW I would include the market wizard books and Darvas. There are a lot of good books on the market and unfortunately a lot of useless info along with some plain old crap. I might do some book reports here when I can get to it. Happy Trading, David Taggart P.S. If you ever see a book that you deem expensive but your local Borders doesnt have it go ahead and do a special order at the bookstore. It is a little known fact that you get to browse and examine the book before you decide if you even want it. If you dont want it it doesnt cost you a cent and they keep it. - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of J. Lobatto Sent: Monday, July 01, 2002 5:25 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Earnings Confidence David, At the risk of going off-topic again, what would you say are the other three books in your top five trading books list? PS- Not fair to mention Market Wizards or Darvas's book as they're on everyone's list.... PPS- This is not completely off topic as MW has interviews with WON and Ryan, while Darvas's system bears some similarities to CANSLIM. - ----- Original Message ----- From: "David Taggart" <dctag@mavericktrading.com> To: <canslim@lists.xmission.com> Sent: Monday, July 01, 2002 5:35 PM Subject: RE: [CANSLIM] Earnings Confidence > My basic interpretation of GARP is the P/E should be 70% or less of the 3 > year growth rate. Mark Boucher teaches some great stuff on this over at > Tradingmarkets and in his book Hedge Fund Edge. HTMMIS and Hedge Fund Edge > are easily in my top 5 trading books that I have read and I have read a ton. > > Happy Trading, > David Taggart > > > > > --Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Hill, Ernie > Sent: Monday, July 01, 2002 2:59 PM > To: 'canslim@lists.xmission.com' > Subject: RE: [CANSLIM] Earnings Confidence > > > Congratulations! David you won I received your post about one second before > Gene's. > > Sorry Gene, aren't you losing another contest too? I really hate to mention > that one because I was pulling for you, but I am feeling a bit mischievous > right now. > > E > > -----Original Message----- > From: David Taggart [mailto:dctag@mavericktrading.com] > Sent: Monday, July 01, 2002 3:43 PM > To: canslim@lists.xmission.com > Subject: RE: [CANSLIM] Earnings Confidence > > GARP Growth At a Reasonable Price > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Mike Gibbons > Sent: Monday, July 01, 2002 2:41 PM > To: canslim@lists.xmission.com > Subject: RE: [CANSLIM] Earnings Confidence > > > David, > > Excuse my ignorance, but what's GARP? > > Aloha, > > Mike Gibbons > Proactive Technologies, LLC > http://www.proactech.com > > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of David Taggart > Sent: Monday, July 01, 2002 10:18 AM > To: canslim@lists.xmission.com > Subject: RE: [CANSLIM] Earnings Confidence > > > I have found for about a year and a half that CANLSIM/GARP is a safe and > reliable way to trade. It really cuts down on the risk yet you still get to > catch a lot of the good moves such as homebuilders and REIT's. Granted it > is not strict CANSLIM but you can still use a lot of the concepts WON > teaches. I always thought David Ryans interview in Market Wizards made > sense that after screening for eveything else go for the lowest P/E. I also > wish that WON would teach more on the short side. The best gains I have had > have been on the short side the past year and a half. CANSLIM criteria are > discriminating enought that if you apply most of them in reverse and then > throw in a ton of debt you end up with some good shorts. Oh well enough of > my soapbox. > > > David Taggart > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Harvey Brion > Sent: Monday, July 01, 2002 1:57 PM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] Earnings Confidence > > > Good post, Jans. I went to my back issues and dug out the Investor's Corner > you > refer to. It's the June 25th issue. I'm going to follow your lead and get > more > familiar with the SEC filings. > > In general, I've gotten more conservative, probably like most. I'm paying > more > attention to the P/E than I ever have in the past, preferring <20. I guess > that > makes me a "value" CANSLIM investor. I'm also weighting the cash flow more > than > I have in the past to try to establish a correlation with earnings, i.e., > 20% > higher than last year's EPS. -Harvey > > Spencer48@aol.com wrote: > > > 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? >> > > > > - > > -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. > > > - > -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. - - - -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.
Previous Article (by Date): RE: [CANSLIM] Earnings Confidence "David Taggart"
Top of Thread: Re: [CANSLIM] Earnings Confidence Dave Cameron
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