Go to Jeff Salisbury LWGate Home Page.From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Re: [CANSLIM] Intro: Jeffrey Gasta
Date: Fri, 26 Jul 2002 13:19:31 -0500
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This is a multi-part message in MIME format. - ------=_NextPart_000_0114_01C234A7.13F373E0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Jeffrey, First of all, thanks for that great intro and welcome to the list.=20 I'll take a stab at your question (1) as this is something that comes up = often when people talk generally about CANSLIM. I think it's refreshing = that O'Neil (WON) has never found the need to tout specific returns to = inform others of the benefits of CANSLIM investing. There are as many = ways to pull profits from the markets as there are people in China, but = if you were to boil any one system down to its essence, the successful = methodologies all have two things in common: MASTERY and DISCIPLINE in = applying the methodology. How many times have you seen your friends flit = from one investment "guru" to the next or one "investing system" to the = next? I see it happen constantly....somehow it's easier to blame losses = on "the system" than on themselves, so off they go to find another holy = grail. CANSLIM has its place in investing. It's based on sound and = time-proven investing principles, it has a specific set of rules, and it = works. Why would O'Neil tell people how to do it? Because his profits in = trading this discipline are not compromised by the success of others. He = can afford to mentor and develop good investors/traders and profit from = it, because he knows that it is not CANSLIM itself that creates = investing profits for those he mentors, it is the successful application = of CANSLIM principles as applied by knowledgeable users. I think of it = as the principle of abundance. Imagine if you were to have a child and = in order to love another child, you had to decrease your love for the = first by half. It just doesn't work that way. There are plenty of = profits in the market, and thank goodness there are people like WON who = are willing to teach the rest of us how to find and *keep* them. OK, now that I've had my weekly rant....I'll post (separately) a study = done by AAII that shows profits from various investment strategies. This = was done for the year 2001...remember *that* year? Take a look at the = 45% returns for CANSLIM. Pretty hard to sneeze at that. Katherine ----- Original Message -----=20 From: Gasta, Jeffrey=20 To: 'canslim@lists.xmission.com'=20 Cc: Gasta, Jeffrey=20 Sent: Friday, July 26, 2002 12:32 PM Subject: [CANSLIM] Intro: Jeffrey Gasta Hello, Thank you for providing this group. It is so cool to find independent, non-biased sources of information. The net is great for that. Aside from funding my 401K with mutual funds, I'm new to investing. = My brother-in-law is a mortgage banker and he did VERY well in the 90s by investing. After years of asking he finally told me that he is now = using the CANSLIM method (although he did well before he adopted this). = Also, he won't have a dialog with him on this - in-laws are weird sometimes. = For the past two months I've been reading IBD, IBD.com, and two of Mr. = O'Neil's books. During the past year I have read two of John Bogle's books, = read the financial section in the Washington Post weekly and watched the market = with increasing interest. I live in the DC metro area and am 39 years old. = =20 My degree is in Applied Mathematics and I perform technical work daily = as a telecom. engineer. I have no background in finance or investing. = However, I do have strong analytical skills and like working in an environment = with rules/guidelines. Incidentally, in the book "The Millionaire Next = Door" the authors point out that Engineers tend to do well with investing = because of their belief in and adherence to rules/laws. Will try to lurk for a while before posting any messages. I do have a couple starter questions if that doesn't offend the group. If these questions shouldn't be asked yet, or they are answered in the archive, please let me know. 1) The success stories Mr. O'Neil mentions are incredible. But he = doesn't mention how his overall portfolio (including losses) has done over the years. Can anyone give me guidance on independent studies and/or = personal experience with this system? For example, a 5-year total return of = 15% on the entire portfolio that also includes the 8% loses. Also if CANSLIM = is so profitable, why is Mr. O'Neil spending lots of his time writing books = and giving seminars? It makes me wonder where his wealth is really coming = from. 2) I have found several "ride-the-coattails" web sites for CANSLIM. = A quick survey of these sites seem to show that they simply regurgitate = the info. already provided by IBD and thus are not worth the price. Any thoughts on these sites would be appreciated. 3) Does Daily Graphs Online really provide added value for a beginner = like me? After viewing their tutorial I can't figure out what they = provide beyond standard IBD membership. Many thanks for your time! Jeffrey Gasta Telecommunications Engineering Marriott International Voice: 301.380.6204 Fax: 301.380.8649 jeff.gasta@marriott.com - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - ------=_NextPart_000_0114_01C234A7.13F373E0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable <!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD> <META http-equiv=3DContent-Type content=3D"text/html; = charset=3Diso-8859-1"> <META content=3D"MSHTML 6.00.2716.2200" name=3DGENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=3D#ffffff> <DIV>Hi Jeffrey,</DIV> <DIV> </DIV> <DIV>First of all, thanks for that great intro and welcome to the list. = </DIV> <DIV> </DIV> <DIV>I'll take a stab at your question (1) as this is something that = comes up=20 often when people talk generally about CANSLIM. I think it's refreshing = that=20 O'Neil (WON) has never found the need to tout specific returns=20 to inform others of the benefits of CANSLIM investing. There are as = many=20 ways to pull profits from the markets as there are people in China, but = if you=20 were to boil any one system down to its essence, the successful = methodologies=20 all have two things in common: MASTERY and DISCIPLINE in applying the=20 methodology. How many times have you seen your friends flit from one = investment=20 "guru" to the next or one "investing system" to the next? I see it = happen=20 constantly....somehow it's easier to blame losses on "the system" than = on=20 themselves, so off they go to find another holy grail. CANSLIM has its = place in=20 investing. It's based on sound and time-proven investing principles, it = has a=20 specific set of rules, and it works. Why would O'Neil tell people how to = do it?=20 Because his profits in trading this discipline are not compromised by = the=20 success of others. He can afford to mentor and develop good = investors/traders=20 and profit from it, because he knows that it is not CANSLIM itself that = creates=20 investing profits for those he mentors, it is the successful application = of=20 CANSLIM principles as applied by knowledgeable users. I think of it as = the=20 principle of abundance. Imagine if you were to have a child and in order = to love=20 another child, you had to decrease your love for the first by half. It = just=20 doesn't work that way. There are plenty of profits in the market, and = thank=20 goodness there are people like WON who are willing to teach the rest of = us how=20 to find and *keep* them.</DIV> <DIV> </DIV> <DIV>OK, now that I've had my weekly rant....I'll post = (separately) a study=20 done by AAII that shows profits from various investment strategies. This = was=20 done for the year 2001...remember *that* year? Take a look at the 45% = returns=20 for CANSLIM. Pretty hard to sneeze at that.</DIV> <DIV> </DIV> <DIV>Katherine</DIV> <BLOCKQUOTE=20 style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; = BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px"> <DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV> <DIV=20 style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: = black"><B>From:</B>=20 <A title=3DJeff.Gasta@marriott.com = href=3D"mailto:Jeff.Gasta@marriott.com">Gasta,=20 Jeffrey</A> </DIV> <DIV style=3D"FONT: 10pt arial"><B>To:</B> <A = title=3Dcanslim@lists.xmission.com=20 = href=3D"mailto:'canslim@lists.xmission.com'">'canslim@lists.xmission.com'= </A>=20 </DIV> <DIV style=3D"FONT: 10pt arial"><B>Cc:</B> <A = title=3DJeff.Gasta@marriott.com=20 href=3D"mailto:Jeff.Gasta@marriott.com">Gasta, Jeffrey</A> </DIV> <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Friday, July 26, 2002 = 12:32=20 PM</DIV> <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] Intro: = Jeffrey=20 Gasta</DIV> <DIV><BR></DIV>Hello,<BR><BR>Thank you for providing this group. It is = so cool=20 to find independent,<BR>non-biased sources of information. The = net is=20 great for that.<BR><BR> Aside from funding my 401K with mutual = funds, I'm=20 new to investing. My<BR>brother-in-law is a mortgage banker and = he did=20 VERY well in the 90s by<BR>investing. After years of asking he = finally=20 told me that he is now using<BR>the CANSLIM method (although he did = well=20 before he adopted this). Also, he<BR>won't have a dialog with = him on=20 this - in-laws are weird sometimes. For the<BR>past two months = I've been=20 reading IBD, IBD.com, and two of Mr. O'Neil's<BR>books. During = the past=20 year I have read two of John Bogle's books, read the<BR>financial = section in=20 the Washington Post weekly and watched the market with<BR>increasing=20 interest. I live in the DC metro area and am 39 years old. = <BR><BR>My degree is in Applied Mathematics and I perform technical = work daily=20 as a<BR>telecom. engineer. I have no background in finance or=20 investing. However,<BR>I do have strong analytical skills and = like=20 working in an environment with<BR>rules/guidelines. = Incidentally, in the=20 book "The Millionaire Next Door" the<BR>authors point out that = Engineers tend=20 to do well with investing because of<BR>their belief in and adherence = to=20 rules/laws.<BR><BR>Will try to lurk for a while before posting any=20 messages. I do have a<BR>couple starter questions if that = doesn't offend=20 the group. If these<BR>questions shouldn't be asked yet, or they = are=20 answered in the archive,<BR>please let me know.<BR><BR>1) The = success=20 stories Mr. O'Neil mentions are incredible. But he = doesn't<BR>mention=20 how his overall portfolio (including losses) has done over = the<BR>years. =20 Can anyone give me guidance on independent studies and/or=20 personal<BR>experience with this system? For example, a 5-year = total=20 return of 15% on<BR>the entire portfolio that also includes the 8%=20 loses. Also if CANSLIM is so<BR>profitable, why is Mr. O'Neil = spending=20 lots of his time writing books and<BR>giving seminars? It makes = me=20 wonder where his wealth is really coming from.<BR><BR>2) I have = found=20 several "ride-the-coattails" web sites for CANSLIM. A<BR>quick = survey of=20 these sites seem to show that they simply regurgitate the<BR>info. = already=20 provided by IBD and thus are not worth the price. = Any<BR>thoughts on=20 these sites would be appreciated.<BR><BR>3) Does Daily Graphs = Online=20 really provide added value for a beginner like<BR>me? After = viewing=20 their tutorial I can't figure out what they provide<BR>beyond = standard=20 IBD membership.<BR><BR>Many thanks for your time!<BR><BR>Jeffrey=20 Gasta<BR>Telecommunications Engineering<BR>Marriott=20 International<BR>Voice: 301.380.6204<BR>Fax: = 301.380.8649<BR><A=20 = href=3D"mailto:jeff.gasta@marriott.com">jeff.gasta@marriott.com</A><BR><B= R><BR><BR>-<BR>-To=20 subscribe/unsubscribe, email "<A=20 = href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>-In= the=20 email body, write "subscribe canslim" or<BR>-"unsubscribe = canslim". Do=20 not use quotes in your email.</BLOCKQUOTE></BODY></HTML> - ------=_NextPart_000_0114_01C234A7.13F373E0-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
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