[CANSLIM] Intro: Jeffrey Gasta

From: "Gasta, Jeffrey" <Jeff.Gasta@marriott.com>
Subject: [CANSLIM] Intro: Jeffrey Gasta
Date: Fri, 26 Jul 2002 13:32:53 -0400

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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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