Re: [CANSLIM] Intro: Jeffrey Gasta

From: Kent Norman <kent_norman@yahoo.com>
Subject: Re: [CANSLIM] Intro: Jeffrey Gasta
Date: Fri, 26 Jul 2002 10:46:31 -0700 (PDT)

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Welcome to the group Jeffrey

You show great common sense by asking others for advice (and filtering
the wheat from the chaff). You also have studied print and online
material. 

You are indeed in a good group. We have differing opinions, and the
discussions help to establish the reality and filter out assumptions.

I can't speak for WON, but there are many examples of people believing
in an idea and publishing it even though it makes little or no profit
for them. 

To me, it does not matter where WON gets his money as long as I can
make some by doing the same thing. 

Again, welcome 

Regards
Kent Norman
 
- --- "Gasta, Jeffrey" <Jeff.Gasta@marriott.com> wrote:
> 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.  
> 
> 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
> 
> 
> 
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