Go to Jeff Salisbury LWGate Home Page.From: "Fred Richards" <adrich@gte.net>
Subject: RE: [CANSLIM] Intro: Jeffrey Gasta
Date: Fri, 26 Jul 2002 17:24:50 -0500
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From WON's college efforts to his nights at an Alaskan Air Force base up to
today, he has been first and foremost a student of the market.
I would have to agree that some people regard him as a salesman. But make no
mistake, first and foremost, he has dedicated himself to learning about the
market and finding aspects of it which assist people to increase their stock
market performance. CANSLIM is the result and over time, certain formula's
and so-called rules are revised to reflect the current market conditions.
Over the years, he found excellent people to design the marketing effort for
his study results.
The O'Neil Stock Graphs revolutionized the institutional business more than
the development by Donaldson, Lufkin & Jenrette of corporate research in the
early 1960's. WON has consistently made money in the stock market and on
occasion, done extremely well with M on his side.
You are right that CANSLIM has been very profitable for WON. In fact, it
enabled him to bankroll the IBD for several years before it broke even. And
it was costly! It is probably incorrect to assume that he gets more profit
from IBD, and William O'Neil + Co than from trading in the market each year.
WON lives for trading and has had an electronic brokerage board in his
office at his home beside the swimming pool for years. While the
corporations which WON has built are profitable, don't ever discount his
passion for trading and trying to pass on that knowledge to others.
In other words, getting paid $795 per person for an Investor's Workshop
seminar probably isn't going to change his lifestyle. It probably barely
covers the expenses of putting the event on. WON is probably unlike most
CEO's you know. It ain't the money that's important . . . it's helping
people beat the odds! It costs a tremendous amount of money to provide the
computer power behind IBD, Investor.com, and DGO. One of these days, I'll
ask him if he thinks he is making a fair return for all the money invested.
At least, the cost is significantly less than the original quarterly cost
for the O'Neil Stock Graphs. The only question before the house . . . did
you make enough money using the web services, paper, DGO, books to make a
profit on your investment of time and money. If the answer is "Yes," be
happy. If not, ask yourself, why.
Perhaps, you should do not have the temperament and risk capital to be in
the stock market.
[Fred Richards]
-----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Edward McDonough
Sent: Friday, July 26, 2002 2:39 PM
To: canslim@lists.xmission.com
Subject: RE: [CANSLIM] Intro: Jeffrey Gasta
Jeffrey,
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.
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.
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.
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.
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.
Best of Luck!!
Call me crazy,
ED
-----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
Hi Jeffrey,
First of all, thanks for that great intro and welcome to the list.
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 -----
From: Gasta, Jeffrey
To: 'canslim@lists.xmission.com'
Cc: Gasta, Jeffrey
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.
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><SPAN class=3D210585621-26072002><FONT face=3DArial color=3D#0000ff =
size=3D2>From=20
WON's college efforts to his nights at an Alaskan Air Force base up to =
today, he=20
has been first and foremost a student of the market.</FONT></SPAN></DIV>
<DIV><SPAN class=3D210585621-26072002><FONT face=3DArial color=3D#0000ff =
size=3D2></FONT></SPAN> </DIV>
<DIV><SPAN class=3D210585621-26072002><FONT face=3DArial color=3D#0000ff =
size=3D2>I=20
would have to agree that some people regard him as a salesman. But make =
no=20
mistake, first and foremost, he has dedicated himself to learning about =
the=20
market and finding aspects of it which assist people to increase their =
stock=20
market performance. CANSLIM is the result and over time, certain =
formula's and=20
so-called rules are revised to reflect the current market conditions. =
Over the=20
years, he found excellent people to design the marketing effort for his =
study=20
results.</FONT></SPAN></DIV>
<DIV><SPAN class=3D210585621-26072002><FONT face=3DArial color=3D#0000ff =
size=3D2></FONT></SPAN> </DIV>
<DIV><SPAN class=3D210585621-26072002><FONT face=3DArial color=3D#0000ff =
size=3D2>The=20
O'Neil Stock Graphs revolutionized the institutional business more than =
the=20
development by Donaldson, Lufkin & Jenrette of corporate research in =
the=20
early 1960's. WON has consistently made money in the stock market =
and on=20
occasion, done extremely well with M on his side.</FONT></SPAN></DIV>
<DIV><SPAN class=3D210585621-26072002><FONT face=3DArial color=3D#0000ff =
size=3D2></FONT></SPAN> </DIV>
<DIV><SPAN class=3D210585621-26072002><FONT face=3DArial color=3D#0000ff =
size=3D2>You=20
are right that CANSLIM has been very profitable for WON. In fact, it =
enabled him=20
to bankroll the IBD for several years before it broke even. And it =
was=20
costly! It is probably incorrect to assume that he gets more profit =
from=20
IBD, and William O'Neil + Co than from trading in the market each=20
year.</FONT></SPAN></DIV>
<DIV><SPAN class=3D210585621-26072002><FONT face=3DArial color=3D#0000ff =
size=3D2></FONT></SPAN> </DIV>
<DIV><SPAN class=3D210585621-26072002><FONT face=3DArial color=3D#0000ff =
size=3D2>WON=20
lives for trading and has had an electronic brokerage board in his =
office at his=20
home beside the swimming pool for years. While the corporations =
which WON=20
has built are profitable, don't ever discount his passion for trading =
and trying=20
to pass on that knowledge to others.</FONT></SPAN></DIV>
<DIV><SPAN class=3D210585621-26072002><FONT face=3DArial color=3D#0000ff =
size=3D2></FONT></SPAN> </DIV>
<DIV><SPAN class=3D210585621-26072002><FONT face=3DArial color=3D#0000ff =
size=3D2>In=20
other words, getting paid $795 per person for an Investor's Workshop =
seminar=20
probably isn't going to change his lifestyle. It probably barely =
covers=20
the expenses of putting the event on. WON is probably unlike most =
CEO's=20
you know. It ain't the money that's important . . . it's helping =
people=20
beat the odds! It costs a tremendous amount of money to =
provide the=20
computer power behind IBD, Investor.com, and DGO. One of these =
days, I'll=20
ask him if he thinks he is making a fair return for all the money=20
invested. </FONT></SPAN></DIV>
<DIV><SPAN class=3D210585621-26072002><FONT face=3DArial color=3D#0000ff =
size=3D2></FONT></SPAN> </DIV>
<DIV><FONT face=3DTahoma><SPAN class=3D210585621-26072002></SPAN><FONT=20
face=3DArial><FONT color=3D#0000ff><FONT size=3D2>A<SPAN =
class=3D210585621-26072002>t=20
least, the cost is significantly less than the original quarterly cost =
for the=20
O'Neil Stock Graphs. The only question before the house . . . did =
you make=20
enough money using the web services, paper, DGO, books to make a profit =
on your=20
investment of time and money. If the answer is "Yes," be =
happy. =20
If not, ask yourself, why. =
</SPAN></FONT></FONT></FONT></FONT></DIV>
<DIV><FONT face=3DTahoma><FONT face=3DArial><FONT color=3D#0000ff><FONT =
size=3D2><SPAN=20
class=3D210585621-26072002></SPAN></FONT></FONT></FONT></FONT> </DIV=
>
<DIV><FONT face=3DTahoma><FONT face=3DArial><FONT color=3D#0000ff><FONT =
size=3D2><SPAN=20
class=3D210585621-26072002>Perhaps, you should do not have the =
temperament and=20
risk capital to be in the stock =
market.</SPAN></FONT></FONT></FONT></DIV>
<DIV><BR><FONT size=3D2><SPAN class=3D210585621-26072002><FONT =
face=3DArial=20
color=3D#0000ff>[Fred Richards] </FONT></SPAN></FONT></DIV>
<DIV><FONT size=3D2><SPAN =
class=3D210585621-26072002></SPAN></FONT> </DIV>
<DIV><FONT size=3D2><SPAN =
class=3D210585621-26072002> </SPAN>-----Original=20
Message-----<BR><B>From:</B> owner-canslim@lists.xmission.com=20
[mailto:owner-canslim@lists.xmission.com]<B>On Behalf Of </B>Edward=20
McDonough<BR><B>Sent:</B> Friday, July 26, 2002 2:39 PM<BR><B>To:</B>=20
canslim@lists.xmission.com<BR><B>Subject:</B> RE: [CANSLIM] Intro: =
Jeffrey=20
Gasta<BR><BR></DIV></FONT></FONT>
<BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
<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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