Go to Jeff Salisbury LWGate Home Page.From: "Katherine Malm" <kmalm@earthlink.net>
Subject: [CANSLIM] Re: CANSLIM Returns (was: Intro: Jeffrey Gasta)
Date: Fri, 26 Jul 2002 17:23:03 -0500
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Hi Ed,
Your response is the very reason that I truly dislike discussion of =
investment "returns"..... 4 people can follow the same "system" and =
based on their money management, discipline, psychology and expertise =
will achieve wildly differing results. The truth is that the CANSLIM =
methodology is a specific investment approach and there is no reliable =
way to determine the returns that one would achieve in applying it. That =
said, the advantage of a study like AAII's is that their process uses a =
very methodical, non-human interface approach to =
screening/buying/selling under each investment approach. While I don't =
believe that each and every person would achieve a 45% return, it does =
show how one style works vs. another and is useful as a benchmark =
comparison. It's also a good tool to use when people say "PROVE IT" to =
me for the 5000th time without having to reveal very private information =
about my own portfolio's positions and returns.
As to your comment, "but don't be mislead into thinking he is doing it =
out of the goodness of his heart." Not a single person who shares =
information and knowledge does so without an expected return of some =
kind. If the effort is volunteer vs. capitalistic, then the expectation =
is that knowledge shared is the first step in new knowledge gained. I =
have no problem with WON's entrepreneurial instincts and success. Why is =
it that everybody is ok paying professional athletes millions of dollars =
to pitch a ball for entertainment, but balk at selling investment tools? =
It's the old adage...."well, they became a teacher because they couldn't =
make a living doing it..." If WON can teach us and help us all to be =
better investors and make a business of it, them bless him. It's the =
American ideal to parlay knowledge and expertise into personal wealth. =
Most of us just never do it as successfully as he has.
Katherine
----- Original Message -----=20
From: Edward McDonough=20
To: canslim@lists.xmission.com=20
Sent: Friday, July 26, 2002 2:39 PM
Subject: RE: [CANSLIM] Intro: Jeffrey Gasta
Jeffrey,
=20
Sorry for my skepticism as I'm sure Mr. O'Neil derives great pleasure =
from helping people make money using his CANSLIM principles, but don't =
be misled into thinking he is doing it out of the goodness of his heart. =
=20
=20
Mr. O'Neil at his most basic level is a salesman. He has something to =
sell: his methodology, his newspaper, his web services for both =
individuals and institutions. What better way than to have products to =
sell to people that follow his very own CANSLIM Method. Pretty cool.
=20
He sells you the gas that makes the car run and he even sells you the =
car. Pretty neat, and highly profitable for Mr. O'Neil. Also, =
profitable for the investor that follows it, if the investor doesn't =
crash the car while following his principals. Don't get me wrong, I have =
benefited from his knowledge and information. But individual's =
performance in using CANSLIM will vary widely. =20
=20
I don't doubt for a moment the AAII study results. But studies can be =
used to demonstrate all sorts of things. Be aware of one thing. The =
returns you personally derive from CANSLIM can vary widely from the =
numbers presented in the AAII study.=20
=20
For example, there are several studies that demonstrate the difference =
in return between what mutual funds show as performance and what =
individual investors actually receive. In other words, what the average =
investor derives in terms of return can vary greatly from what the =
mutual fund shows as performance because the average holding period of a =
mutual fund for an average investor is not buy and hold forever. Mutual =
fund investors typically buy and sell at some point. The moving parts =
for a mutual fund investor are few, buy or sell. The moving parts for a =
canslim investor are many: buy,sell,C,A,N,S,L,I,M. Consequently more =
room for error and therefore even more widely varying results.
=20
Best of Luck!!
=20
Call me crazy,
ED =20
=20
-----Original Message-----
From: owner-canslim@lists.xmission.com =
[mailto:owner-canslim@lists.xmission.com] On Behalf Of Katherine Malm
Sent: Friday, July 26, 2002 2:20 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] Intro: Jeffrey Gasta
=20
Hi Jeffrey,
=20
First of all, thanks for that great intro and welcome to the list.=20
=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.
=20
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.
=20
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
=20
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
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<DIV>Hi Ed,</DIV>
<DIV> </DIV>
<DIV>Your response is the very reason that I truly dislike discussion of =
investment "returns"..... 4 people can follow the same "system" and =
based on=20
their money management, discipline, psychology and expertise will =
achieve wildly=20
differing results. The truth is that the CANSLIM methodology is a =
specific=20
investment approach and there is no reliable way to determine the =
returns that=20
one would achieve in applying it. That said, the advantage of a study =
like=20
AAII's is that their process uses a very methodical, non-human interface =
approach to screening/buying/selling under each investment approach. =
While I=20
don't believe that each and every person would achieve a 45% return, it =
does=20
show how one style works vs. another and is useful as a benchmark =
comparison.=20
It's also a good tool to use when people say "PROVE IT" to me for the =
5000th=20
time without having to reveal very private information about my own =
portfolio's=20
positions and returns.</DIV>
<DIV> </DIV>
<DIV>As to your comment, "but don't be mislead into thinking he is doing =
it out=20
of the goodness of his heart." Not a single person who shares =
information and=20
knowledge does so without an expected return of some kind. If the effort =
is=20
volunteer vs. capitalistic, then the expectation is that knowledge =
shared is the=20
first step in new knowledge gained. I have no problem with WON's =
entrepreneurial=20
instincts and success. Why is it that everybody is ok paying =
professional=20
athletes millions of dollars to pitch a ball for entertainment, but balk =
at=20
selling investment tools? It's the old adage...."well, they became a =
teacher=20
because they couldn't make a living doing it..." If WON can teach us and =
help us=20
all to be better investors and make a business of it, them bless him. =
It's the=20
American ideal to parlay knowledge and expertise into personal wealth. =
Most of=20
us just never do it as successfully as he has.</DIV>
<DIV> </DIV>
<DIV>Katherine</DIV>
<BLOCKQUOTE dir=3Dltr=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=3Demcdonough@rjfs.com =
href=3D"mailto:emcdonough@rjfs.com">Edward=20
McDonough</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>=
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Friday, July 26, 2002 =
2:39 PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> RE: [CANSLIM] Intro: =
Jeffrey=20
Gasta</DIV>
<DIV><BR></DIV>
<DIV class=3DSection1>
<P class=3DMsoNormal><FONT face=3D"Times New Roman" color=3Dblack =
size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt; COLOR: =
black">Jeffrey,<o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3D"Times New Roman" color=3Dblack =
size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt; COLOR: =
black"><o:p> </o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3D"Times New Roman" color=3Dblack =
size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt; COLOR: black">Sorry for my skepticism as =
I=92m sure Mr.=20
O=92Neil derives great pleasure from helping people make money using =
his CANSLIM=20
principles, but don=92t be misled into thinking he is doing it out of =
the=20
goodness of his heart.<SPAN style=3D"mso-spacerun: yes"> =20
</SPAN><o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3D"Times New Roman" color=3Dblack =
size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt; COLOR: =
black"><o:p> </o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3D"Times New Roman" color=3Dblack =
size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt; COLOR: black">Mr. O=92Neil at his most basic =
level is a=20
salesman.<SPAN style=3D"mso-spacerun: yes"> </SPAN>He has =
something to=20
sell: his methodology, his newspaper, <SPAN class=3DGramE>his</SPAN> =
web=20
services for both individuals and institutions. What better <SPAN=20
class=3DGramE>way than to have products to sell to people that =
follow</SPAN> his=20
very own CANSLIM Method. <SPAN class=3DGramE>Pretty=20
cool.</SPAN><o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3D"Times New Roman" color=3Dblack =
size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt; COLOR: =
black"><o:p> </o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3D"Times New Roman" color=3Dblack =
size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt; COLOR: black">He sells you the gas that =
makes the car=20
run and he even sells you the car. <SPAN class=3DGramE>Pretty neat, =
and highly=20
profitable for Mr. O=92Neil.</SPAN><SPAN style=3D"mso-spacerun: =
yes"> =20
</SPAN>Also, profitable for the investor that follows it, if the =
investor=20
doesn=92t crash the car while following his principals. Don=92t get me =
wrong, I=20
have benefited from his knowledge and information. But individual=92s=20
performance in using CANSLIM will vary widely.<SPAN=20
style=3D"mso-spacerun: yes"> =
</SPAN><o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3D"Times New Roman" color=3Dblack =
size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt; COLOR: =
black"><o:p> </o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3D"Times New Roman" color=3Dblack =
size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt; COLOR: black">I don=92t doubt for a moment =
the AAII=20
study results. But studies can be used to demonstrate all sorts of =
things. Be=20
aware of one thing. The returns you personally derive from CANSLIM can =
vary=20
widely from the numbers presented in the AAII study.=20
<o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3D"Times New Roman" color=3Dblack =
size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt; COLOR: =
black"><o:p> </o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3D"Times New Roman" color=3Dblack =
size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt; COLOR: black">For example, there are several =
studies=20
that demonstrate the difference in return between what mutual funds =
show as=20
performance and what individual investors actually receive. In other =
words,=20
what the average investor derives in terms of return can vary greatly =
from=20
what the mutual fund shows as performance because the average holding =
period=20
of a mutual fund for an average investor is not <SPAN =
class=3DGramE>buy</SPAN>=20
and hold forever. Mutual fund investors typically buy and sell at some =
point.=20
The moving parts for a mutual fund investor are few, buy or sell.<SPAN =
style=3D"mso-spacerun: yes"> </SPAN>The moving parts for a <SPAN =
class=3DSpellE>canslim</SPAN> investor are many: <SPAN =
class=3DSpellE>buy<SPAN=20
class=3DGramE>,sell,C,A,N,S,L,I,M</SPAN></SPAN>.<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>Consequently more room for =
error and=20
therefore even more widely varying =
results.<o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3D"Times New Roman" color=3Dblack =
size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt; COLOR: =
black"><o:p> </o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3D"Times New Roman" color=3Dblack =
size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt; COLOR: black">Best of=20
Luck!!<o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3D"Times New Roman" color=3Dblack =
size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt; COLOR: =
black"><o:p> </o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3D"Times New Roman" color=3Dblack =
size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt; COLOR: black">Call me=20
crazy,<o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3D"Times New Roman" color=3Dblack =
size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt; COLOR: black">ED<SPAN style=3D"mso-spacerun: =
yes"> =20
</SPAN><SPAN style=3D"mso-spacerun: yes"> </SPAN><SPAN=20
style=3D"mso-spacerun: yes"> </SPAN><SPAN=20
style=3D"mso-spacerun: yes"> </SPAN><o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3D"Times New Roman" color=3Dblack =
size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt; COLOR: =
black"><o:p> </o:p></SPAN></FONT></P>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3DTahoma =
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Tahoma">-----Original=20
Message-----<BR><B><SPAN style=3D"FONT-WEIGHT: bold">From:</SPAN></B>=20
owner-canslim@lists.xmission.com =
[mailto:owner-canslim@lists.xmission.com]=20
<B><SPAN style=3D"FONT-WEIGHT: bold">On Behalf Of </SPAN></B>Katherine =
Malm<BR><B><SPAN style=3D"FONT-WEIGHT: bold">Sent:</SPAN></B> Friday, =
July 26,=20
2002 2:20 PM<BR><B><SPAN style=3D"FONT-WEIGHT: bold">To:</SPAN></B>=20
canslim@lists.xmission.com<BR><B><SPAN=20
style=3D"FONT-WEIGHT: bold">Subject:</SPAN></B> Re: [CANSLIM] Intro: =
Jeffrey=20
Gasta</SPAN></FONT></P>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3D"Times =
New Roman"=20
size=3D3><SPAN style=3D"FONT-SIZE: =
12pt"><o:p> </o:p></SPAN></FONT></P>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3D"Times =
New Roman"=20
size=3D3><SPAN style=3D"FONT-SIZE: 12pt">Hi=20
Jeffrey,<o:p></o:p></SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3D"Times =
New Roman"=20
size=3D3><SPAN style=3D"FONT-SIZE: =
12pt"> <o:p></o:p></SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3D"Times =
New Roman"=20
size=3D3><SPAN style=3D"FONT-SIZE: 12pt">First of all, thanks for that =
great intro=20
and welcome to the list. <o:p></o:p></SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3D"Times =
New Roman"=20
size=3D3><SPAN style=3D"FONT-SIZE: =
12pt"> <o:p></o:p></SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3D"Times =
New Roman"=20
size=3D3><SPAN style=3D"FONT-SIZE: 12pt">I'll take a stab at your =
question (1) as=20
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=20
need to tout specific returns to inform others of the benefits of =
CANSLIM=20
investing. There are as many ways to pull profits from the markets as =
there=20
are people in China, but if you were to boil any one system down to =
its=20
essence, the successful methodologies all have two things in common: =
MASTERY=20
and DISCIPLINE in applying the methodology. How many times have you =
seen your=20
friends flit from one investment "guru" to the next or one "investing =
system"=20
to the next? I see it happen constantly....somehow it's easier to =
blame losses=20
on "the system" than on themselves, so off they go to find another =
holy grail.=20
CANSLIM has its place in investing. It's based on sound and =
time-proven=20
investing principles, it has a specific set of rules, and it works. =
Why would=20
O'Neil tell people how to do it? Because his profits in trading this=20
discipline are not compromised by the success of others. He can afford =
to=20
mentor and develop good investors/traders and profit from it, because =
he knows=20
that it is not CANSLIM itself that creates investing profits for those =
he=20
mentors, it is the successful application of CANSLIM principles as =
applied by=20
knowledgeable users. I think of it as the principle of abundance. =
Imagine if=20
you were to have a child and in order to love another child, you had =
to=20
decrease your love for the first by half. It just doesn't work that =
way. There=20
are plenty of profits in the market, and thank goodness there are =
people like=20
WON who are willing to teach the rest of us how to find and *keep*=20
them.<o:p></o:p></SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3D"Times =
New Roman"=20
size=3D3><SPAN style=3D"FONT-SIZE: =
12pt"> <o:p></o:p></SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3D"Times =
New Roman"=20
size=3D3><SPAN style=3D"FONT-SIZE: 12pt">OK, now that I've had my =
weekly=20
rant....I'll post (separately) a study done by AAII that shows =
profits=20
from various investment strategies. This was done for the year =
2001...remember=20
*that* year? Take a look at the 45% returns for CANSLIM. Pretty hard =
to sneeze=20
at that.<o:p></o:p></SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3D"Times =
New Roman"=20
size=3D3><SPAN style=3D"FONT-SIZE: =
12pt"> <o:p></o:p></SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3D"Times =
New Roman"=20
size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt">Katherine<o:p></o:p></SPAN></FONT></P></DIV>
<BLOCKQUOTE=20
style=3D"BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: =
medium none; PADDING-LEFT: 4pt; PADDING-BOTTOM: 0in; MARGIN: 5pt 0in 5pt =
3.75pt; BORDER-LEFT: black 1.5pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: =
medium none">
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3DArial =
size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial">----- Original Message =
- -----=20
<o:p></o:p></SPAN></FONT></P></DIV>
<DIV style=3D"font-color: black">
<P class=3DMsoNormal style=3D"BACKGROUND: #e4e4e4; MARGIN-LEFT: =
0.5in"><B><FONT=20
face=3DArial size=3D2><SPAN=20
style=3D"FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: =
Arial">From:</SPAN></FONT></B><FONT=20
face=3DArial size=3D2><SPAN style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Arial"> <A=20
title=3DJeff.Gasta@marriott.com =
href=3D"mailto:Jeff.Gasta@marriott.com">Gasta,=20
Jeffrey</A> <o:p></o:p></SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><B><FONT =
face=3DArial=20
size=3D2><SPAN=20
style=3D"FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: =
Arial">To:</SPAN></FONT></B><FONT=20
face=3DArial size=3D2><SPAN style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Arial"> <A=20
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:'canslim@lists.xmission.com'">'canslim@lists.xmission.com'=
</A>=20
<o:p></o:p></SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><B><FONT =
face=3DArial=20
size=3D2><SPAN=20
style=3D"FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: =
Arial">Cc:</SPAN></FONT></B><FONT=20
face=3DArial size=3D2><SPAN style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Arial"> <A=20
title=3DJeff.Gasta@marriott.com =
href=3D"mailto:Jeff.Gasta@marriott.com">Gasta,=20
Jeffrey</A> <o:p></o:p></SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><B><FONT =
face=3DArial=20
size=3D2><SPAN=20
style=3D"FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: =
Arial">Sent:</SPAN></FONT></B><FONT=20
face=3DArial size=3D2><SPAN style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Arial"> Friday,=20
July 26, 2002 12:32 PM<o:p></o:p></SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><B><FONT =
face=3DArial=20
size=3D2><SPAN=20
style=3D"FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: =
Arial">Subject:</SPAN></FONT></B><FONT=20
face=3DArial size=3D2><SPAN style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Arial">=20
[CANSLIM] Intro: Jeffrey Gasta<o:p></o:p></SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT =
face=3D"Times New Roman"=20
size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt"><o:p> </o:p></SPAN></FONT></P></DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT =
face=3D"Times New Roman"=20
size=3D3><SPAN style=3D"FONT-SIZE: 12pt">Hello,<BR><BR>Thank you for =
providing=20
this group. It is so cool to find independent,<BR>non-biased sources =
of=20
information. The net is great for that.<BR><BR> Aside =
from=20
funding my 401K with mutual funds, I'm new to investing. =20
My<BR>brother-in-law is a mortgage banker and he did VERY well in =
the 90s=20
by<BR>investing. After years of asking he finally told me that =
he is=20
now using<BR>the CANSLIM method (although he did well before he =
adopted=20
this). Also, he<BR>won't have a dialog with him on this - =
in-laws are=20
weird sometimes. For the<BR>past two months I've been reading =
IBD,=20
IBD.com, and two of Mr. O'Neil's<BR>books. During the past =
year I have=20
read two of John Bogle's books, read the<BR>financial section in 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. =20
<BR><BR>My degree is in Applied Mathematics and I perform technical =
work=20
daily 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=20
the book "The Millionaire Next Door" the<BR>authors point out that =
Engineers=20
tend to do well with investing because of<BR>their belief in and =
adherence=20
to 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=20
offend the group. If these<BR>questions shouldn't be asked =
yet, or=20
they are answered in the archive,<BR>please let me =
know.<BR><BR>1) The=20
success stories Mr. O'Neil mentions are incredible. But he=20
doesn't<BR>mention how his overall portfolio (including losses) has =
done=20
over the<BR>years. Can anyone give me guidance on independent =
studies=20
and/or personal<BR>experience with this system? For example, a =
5-year=20
total 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=20
of these sites seem to show that they simply regurgitate =
the<BR>info.=20
already provided by IBD and thus are not worth the price. =20
Any<BR>thoughts on these sites would be appreciated.<BR><BR>3) =
Does=20
Daily Graphs Online really provide added value for a beginner=20
like<BR>me? After viewing their tutorial I can't figure =
out what=20
they provide<BR>beyond standard IBD membership.<BR><BR>Many thanks =
for your=20
time!<BR><BR>Jeffrey 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=20
email.<o:p></o:p></SPAN></FONT></P></BLOCKQUOTE></DIV></BLOCKQUOTE></BODY=
></HTML>
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