Go to Jeff Salisbury LWGate Home Page.From: "Fred Richards" <adrich@gte.net>
Subject: RE: [CANSLIM] Intro: Jeffrey Gasta
Date: Sun, 28 Jul 2002 14:12:01 -0500
Articles sorted by: [Date]
[Author]
[Subject]
This is a multi-part message in MIME format.
- ------=_NextPart_000_0030_01C23640.BDE1E4A0
Content-Type: text/plain;
charset="Windows-1252"
Content-Transfer-Encoding: 8bit
In fact, most of the response is his “opinion:”
Would you concede it would be less of an opinion if I had known WON for
over 50 years? I am surprised that you thought it was a defensive response.
From my perspective, it added some information that most of you never would
have known about WON.
Also, I was not inferring that you did not have the temperament or risk
capital to be in the market. At this time, it is questionable whether any
newbie should considerable investing until the market's volatility and
momentum changes. It is, however, an excellent time to test one's investing
ideas.
Of course, newbie's sometimes get lucky but most often both newbie's,
professional managers, and day traders in market environments like this
wonder where the money went after a few months.
Just trying to be helpful. In this market environment, CANSLIM can keep you
from making bad mistakes and each individual's results will be different for
a variety of reasons. CANSLIM is only a initial cut of the stock market
universe and there are many other tools to accomplish the same thing.
I agree that you must play the game to win but sometimes capital
preservation is the game to be played as opposed to capital appreciation.
-----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Edward McDonough
Sent: Sunday, July 28, 2002 1:28 PM
To: canslim@lists.xmission.com
Subject: RE: [CANSLIM] Intro: Jeffrey Gasta
Jeffrey,
I feel I should respond to Mr. Richards so you can be satisfactorily
informed.
In fact, most of the response is his “opinion:” I prefer to deal in facts.
A common ploy from certain personality types; when they don’t like the
message they have just heard. “Attack the messenger”. This gentleman doesn’
t even know me or my investment experience, yet because my facts disputed
his opinion, he felt it necessary to attack That’s ok. In fact I am quite
pleased with my investment results.
I find it somewhat amusing that my facts elicited such a defensive,
opinion filled response. In fact, most of the response is his “opinion:” I
prefer to deal in facts. I’m not attacking him because his stated opinions
are based simply on guesswork on his part. Let me pose this: Perhaps it is
he that does not have the temperament and risk capital to be in the market.
I bear no malice, and wish Mr O’Neil and yourself and Mr. Richards further
success. In fact I like Mr. O’Neil’s work. Just understand CANSLIM for what
it is. It is not the panacea. Nothing is. I stand behind my facts as stated
earlier.
Play the game to win!!
Best of luck!!
Call me crazy.
Ed
-----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of Fred Richards
Sent: Friday, July 26, 2002 6:25 PM
To: canslim@lists.xmission.com
Subject: RE: [CANSLIM] Intro: Jeffrey Gasta
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
-
-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_0030_01C23640.BDE1E4A0
Content-Type: text/html;
charset="Windows-1252"
Content-Transfer-Encoding: quoted-printable
<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
<HTML xmlns=3D"http://www.w3.org/TR/REC-html40" xmlns:v =3D=20
"urn:schemas-microsoft-com:vml" xmlns:o =3D=20
"urn:schemas-microsoft-com:office:office" xmlns:w =3D=20
"urn:schemas-microsoft-com:office:word" xmlns:st1 =3D=20
"urn:schemas-microsoft-com:office:smarttags"><HEAD>
<META http-equiv=3DContent-Type content=3D"text/html; =
charset=3DUS-ASCII">
<META content=3DWord.Document name=3DProgId>
<META content=3D"MSHTML 6.00.2716.2200" name=3DGENERATOR>
<META content=3D"Microsoft Word 10" name=3DOriginator><LINK=20
href=3D"cid:filelist.xml@01C23642.EA17B980" =
rel=3DFile-List><o:SmartTagType=20
name=3D"country-region"=20
namespaceuri=3D"urn:schemas-microsoft-com:office:smarttags"></o:SmartTagT=
ype><o:SmartTagType=20
name=3D"time"=20
namespaceuri=3D"urn:schemas-microsoft-com:office:smarttags"></o:SmartTagT=
ype><o:SmartTagType=20
name=3D"date"=20
namespaceuri=3D"urn:schemas-microsoft-com:office:smarttags"></o:SmartTagT=
ype><o:SmartTagType=20
name=3D"place"=20
namespaceuri=3D"urn:schemas-microsoft-com:office:smarttags"></o:SmartTagT=
ype><!--[if gte mso 9]><xml>
<o:OfficeDocumentSettings>
<o:DoNotRelyOnCSS/>
</o:OfficeDocumentSettings>
</xml><![endif]--><!--[if gte mso 9]><xml>
<w:WordDocument>
<w:SpellingState>Clean</w:SpellingState>
<w:GrammarState>Clean</w:GrammarState>
<w:DocumentKind>DocumentEmail</w:DocumentKind>
<w:EnvelopeVis/>
<w:BrowserLevel>MicrosoftInternetExplorer4</w:BrowserLevel>
</w:WordDocument>
</xml><![endif]--><!--[if !mso]>
<STYLE>st1\:* {
BEHAVIOR: url(#default#ieooui)
}
</STYLE>
<![endif]-->
<STYLE>@font-face {
font-family: Tahoma;
}
@page Section1 {size: 8.5in 11.0in; margin: 1.0in 1.25in 1.0in 1.25in; =
mso-header-margin: .5in; mso-footer-margin: .5in; mso-paper-source: 0; }
P.MsoNormal {
FONT-SIZE: 12pt; MARGIN: 0in 0in 0pt; FONT-FAMILY: "Times New Roman"; =
mso-style-parent: ""; mso-pagination: widow-orphan; =
mso-fareast-font-family: "Times New Roman"
}
LI.MsoNormal {
FONT-SIZE: 12pt; MARGIN: 0in 0in 0pt; FONT-FAMILY: "Times New Roman"; =
mso-style-parent: ""; mso-pagination: widow-orphan; =
mso-fareast-font-family: "Times New Roman"
}
DIV.MsoNormal {
FONT-SIZE: 12pt; MARGIN: 0in 0in 0pt; FONT-FAMILY: "Times New Roman"; =
mso-style-parent: ""; mso-pagination: widow-orphan; =
mso-fareast-font-family: "Times New Roman"
}
A:link {
COLOR: blue; TEXT-DECORATION: underline; text-underline: single
}
SPAN.MsoHyperlink {
COLOR: blue; TEXT-DECORATION: underline; text-underline: single
}
A:visited {
COLOR: blue; TEXT-DECORATION: underline; text-underline: single
}
SPAN.MsoHyperlinkFollowed {
COLOR: blue; TEXT-DECORATION: underline; text-underline: single
}
SPAN.EmailStyle17 {
COLOR: black; mso-style-type: personal; mso-style-noshow: yes
}
SPAN.EmailStyle18 {
COLOR: black; mso-style-type: personal-reply; mso-style-noshow: yes
}
SPAN.GramE {
mso-style-name: ""; mso-gram-e: yes
}
DIV.Section1 {
page: Section1
}
</STYLE>
<!--[if gte mso 10]>
<style>
/* Style Definitions */=20
table.MsoNormalTable
{mso-style-name:"Table Normal";
mso-tstyle-rowband-size:0;
mso-tstyle-colband-size:0;
mso-style-noshow:yes;
mso-style-parent:"";
mso-padding-alt:0in 5.4pt 0in 5.4pt;
mso-para-margin:0in;
mso-para-margin-bottom:.0001pt;
mso-pagination:widow-orphan;
font-size:10.0pt;
font-family:"Times New Roman";}
</style>
<![endif]--><!--[if gte mso 9]><xml>
<o:shapedefaults v:ext=3D"edit" spidmax=3D"1026" />
</xml><![endif]--><!--[if gte mso 9]><xml>
<o:shapelayout v:ext=3D"edit">
<o:idmap v:ext=3D"edit" data=3D"1" />
</o:shapelayout></xml><![endif]--></HEAD>
<BODY lang=3DEN-US style=3D"tab-interval: .5in" vLink=3Dblue link=3Dblue =
bgColor=3Dwhite>
<DIV><FONT color=3D#ff0000> In fact, most of the response is his=20
=93opinion:=94 <SPAN =
class=3D140135518-28072002> </SPAN></FONT></DIV>
<DIV><FONT color=3D#ff0000><SPAN=20
class=3D140135518-28072002></SPAN></FONT> </DIV>
<DIV><FONT color=3D#ff0000><SPAN class=3D140135518-28072002> <FONT=20
color=3D#0000ff>Would you concede it would be less of an opinion if =
I=20
had known WON for over 50 years? I am surprised =
that you=20
thought it was a defensive response. From my perspective, it added =
some=20
information that most of you never would have known about=20
WON.</FONT></SPAN></FONT></DIV>
<DIV><FONT color=3D#0000ff><SPAN=20
class=3D140135518-28072002></SPAN></FONT> </DIV>
<DIV><FONT color=3D#0000ff><SPAN class=3D140135518-28072002>Also, I was =
not=20
inferring that<U> you </U>did not have the temperament or risk capital =
to be in=20
the market. At this time, it is questionable whether any newbie =
should=20
considerable investing until the market's volatility and momentum =
changes. =20
It is, however, an excellent time to test one's investing=20
ideas.</SPAN></FONT></DIV>
<DIV><FONT color=3D#0000ff><SPAN=20
class=3D140135518-28072002></SPAN></FONT> </DIV>
<DIV><FONT color=3D#0000ff><SPAN class=3D140135518-28072002>Of course, =
newbie's=20
sometimes get lucky but most often both newbie's, professional managers, =
and day=20
traders in market environments like this wonder where the money =
went after=20
a few months.</SPAN></FONT></DIV>
<DIV><FONT color=3D#0000ff><SPAN=20
class=3D140135518-28072002></SPAN></FONT> </DIV>
<DIV><FONT color=3D#0000ff><SPAN class=3D140135518-28072002>Just trying =
to be=20
helpful. In this market environment, CANSLIM can keep you from =
making bad=20
mistakes and each individual's results will be different for a variety =
of=20
reasons. CANSLIM is only a initial cut of the stock market =
universe and=20
there are many other tools to accomplish the same =
thing.</SPAN></FONT></DIV>
<DIV><FONT color=3D#0000ff><SPAN=20
class=3D140135518-28072002></SPAN></FONT> </DIV>
<DIV><FONT color=3D#0000ff><SPAN class=3D140135518-28072002>I agree that =
you must=20
play the game to win but sometimes capital preservation is the game to =
be played=20
as opposed to capital appreciation.</SPAN></FONT></DIV>
<DIV><FONT color=3D#0000ff><SPAN=20
class=3D140135518-28072002></SPAN></FONT> </DIV>
<DIV><FONT color=3D#0000ff><SPAN=20
class=3D140135518-28072002></SPAN></FONT> </DIV>
<DIV> </DIV>
<BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
<DIV class=3DOutlookMessageHeader dir=3Dltr align=3Dleft><FONT =
face=3DTahoma=20
size=3D2>-----Original Message-----<BR><B>From:</B>=20
owner-canslim@lists.xmission.com=20
[mailto:owner-canslim@lists.xmission.com]<B>On Behalf Of </B>Edward=20
McDonough<BR><B>Sent:</B> Sunday, July 28, 2002 1:28 PM<BR><B>To:</B>=20
canslim@lists.xmission.com<BR><B>Subject:</B> RE: [CANSLIM] Intro: =
Jeffrey=20
Gasta<BR><BR></FONT></DIV>
<DIV class=3DSection1>
<P class=3DMsoNormal><FONT face=3D"Times New Roman" 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" 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" size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt; COLOR: black">I feel I should respond to Mr. =
Richards=20
so you can be satisfactorily informed.<o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal><FONT face=3D"Times New Roman" 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">In fact, most of the response =
is his=20
=93opinion:=94 I prefer to deal in facts.<SPAN =
class=3D140135518-28072002><FONT=20
face=3DArial color=3D#0000ff size=3D2> </FONT></SPAN>A common =
ploy from certain=20
personality types; when they don=92t like the message they have just =
heard.<SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>=93Attack the messenger=94. =
This gentleman=20
doesn=92t even know me or my investment experience, yet because my =
facts=20
disputed his opinion, he felt it necessary to attack <SPAN=20
style=3D"mso-spacerun: yes"> </SPAN><SPAN=20
style=3D"mso-spacerun: yes"> </SPAN><SPAN =
class=3DGramE>That=92s</SPAN>=20
ok.<SPAN style=3D"mso-spacerun: yes"> </SPAN>In fact I am quite =
pleased=20
with my investment 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">I find it somewhat amusing =
that my facts=20
elicited such a defensive, opinion filled response. <SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>In fact, most of the =
response is=20
his =93opinion:=94 I prefer to deal in facts. <SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>I=92m not attacking him =
because his=20
stated opinions are based simply on guesswork on his part. Let me pose =
this:=20
Perhaps it is he that does not have the temperament and risk capital =
to be in=20
the market. <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 bear no malice, and wish Mr =
O=92Neil and=20
yourself and Mr. <SPAN class=3DGramE>Richards</SPAN> further success. =
In fact I=20
like Mr. O=92Neil=92s work. Just understand CANSLIM for what it is. It =
is not the=20
panacea. Nothing is. <SPAN style=3D"mso-spacerun: yes"> </SPAN>I =
stand=20
behind my facts as stated earlier. <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">Play the game to=20
win!!<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"><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<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>Fred=20
Richards<BR><B><SPAN style=3D"FONT-WEIGHT: bold">Sent:</SPAN></B>=20
</SPAN></FONT><st1:date Year=3D"2002" Day=3D"26" Month=3D"7"><FONT =
face=3DTahoma=20
size=3D2><SPAN style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Tahoma">Friday, =
July 26,=20
2002</SPAN></FONT></st1:date><FONT face=3DTahoma size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Tahoma"> =
</SPAN></FONT><st1:time=20
Minute=3D"25" Hour=3D"18"><FONT face=3DTahoma size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Tahoma">6:25=20
PM</SPAN></FONT></st1:time><FONT face=3DTahoma size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Tahoma"><BR><B><SPAN=20
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=3DArial =
color=3Dblue=20
size=3D2><SPAN style=3D"FONT-SIZE: 10pt; COLOR: blue; FONT-FAMILY: =
Arial">From=20
WON's college efforts to his nights at an Alaskan Air Force base up to =
today,=20
he has been first and foremost a student of the=20
market.</SPAN></FONT><o:p></o:p></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=3DArial =
color=3Dblue=20
size=3D2><SPAN style=3D"FONT-SIZE: 10pt; COLOR: blue; FONT-FAMILY: =
Arial">I would=20
have to agree that some people regard him as a salesman. But make no =
mistake,=20
first and foremost, he has dedicated himself to learning about the =
market and=20
finding aspects of it which assist people to increase their stock =
market=20
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.</SPAN></FONT><o:p></o:p></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=3DArial =
color=3Dblue=20
size=3D2><SPAN style=3D"FONT-SIZE: 10pt; COLOR: blue; FONT-FAMILY: =
Arial">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=20
side.</SPAN></FONT><o:p></o:p></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=3DArial =
color=3Dblue=20
size=3D2><SPAN style=3D"FONT-SIZE: 10pt; COLOR: blue; FONT-FAMILY: =
Arial">You are=20
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.</SPAN></FONT><o:p></o:p></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=3DArial =
color=3Dblue=20
size=3D2><SPAN style=3D"FONT-SIZE: 10pt; COLOR: blue; FONT-FAMILY: =
Arial">WON=20
lives for trading and has had an electronic brokerage board in his =
office at=20
his home beside the swimming pool for years. While the =
corporations=20
which WON has built are profitable, don't ever discount his passion =
for=20
trading and trying to pass on that knowledge to=20
others.</SPAN></FONT><o:p></o:p></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=3DArial =
color=3Dblue=20
size=3D2><SPAN style=3D"FONT-SIZE: 10pt; COLOR: blue; FONT-FAMILY: =
Arial">In other=20
words, getting paid $795 per person for an Investor's Workshop seminar =
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=20
the computer power behind IBD, Investor.com, and DGO. One of =
these days,=20
I'll ask him if he thinks he is making a fair return for all the money =
invested. </SPAN></FONT><o:p></o:p></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=3DArial =
color=3Dblue=20
size=3D2><SPAN style=3D"FONT-SIZE: 10pt; COLOR: blue; FONT-FAMILY: =
Arial">At=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=20
make enough money using the web services, paper, DGO, books to make a =
profit=20
on your investment of time and money. If the answer is =
"Yes," be=20
happy. If not, ask yourself, why. =20
</SPAN></FONT><o:p></o:p></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=3DArial =
color=3Dblue=20
size=3D2><SPAN style=3D"FONT-SIZE: 10pt; COLOR: blue; FONT-FAMILY: =
Arial">Perhaps,=20
you should do not have the temperament and risk capital to be in the =
stock=20
market.</SPAN></FONT><FONT face=3DTahoma><SPAN=20
style=3D"FONT-FAMILY: Tahoma"><o:p></o:p></SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3DTahoma =
size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt; FONT-FAMILY: Tahoma"><BR></SPAN></FONT><FONT =
face=3DArial color=3Dblue size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; COLOR: blue; FONT-FAMILY: Arial">[Fred=20
Richards] </SPAN></FONT><FONT face=3DTahoma><SPAN=20
style=3D"FONT-FAMILY: Tahoma"><o:p></o:p></SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3DTahoma =
size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt; FONT-FAMILY: =
Tahoma"> <o:p></o:p></SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal=20
style=3D"MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0.5in; MARGIN-RIGHT: 0in; =
mso-margin-top-alt: 0in"><FONT=20
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=20
[mailto:owner-canslim@lists.xmission.com]<B><SPAN =
style=3D"FONT-WEIGHT: bold">On=20
Behalf Of </SPAN></B>Edward McDonough<BR><B><SPAN=20
style=3D"FONT-WEIGHT: bold">Sent:</SPAN></B> </SPAN></FONT><st1:date =
Year=3D"2002"=20
Day=3D"26" Month=3D"7"><FONT face=3DTahoma size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Tahoma">Friday, July 26,=20
2002</SPAN></FONT></st1:date><FONT face=3DTahoma size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Tahoma"> =
</SPAN></FONT><st1:time=20
Minute=3D"39" Hour=3D"14"><FONT face=3DTahoma size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Tahoma">2:39=20
PM</SPAN></FONT></st1:time><FONT face=3DTahoma size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Tahoma"><BR><B><SPAN=20
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<o:p></o:p></SPAN></FONT></P></DIV>
<BLOCKQUOTE style=3D"MARGIN-TOP: 5pt; MARGIN-BOTTOM: 5pt; =
MARGIN-RIGHT: 0in">
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT =
face=3D"Times New Roman"=20
color=3Dblack size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt; COLOR: =
black">Jeffrey,<o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT =
face=3D"Times New Roman"=20
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=3D"Times New Roman"=20
color=3Dblack size=3D3><SPAN style=3D"FONT-SIZE: 12pt; COLOR: =
black">Sorry for my=20
skepticism as I=92m sure Mr. O=92Neil derives great pleasure from =
helping people=20
make money using his CANSLIM principles, but don=92t be misled into =
thinking=20
he is doing it out of the goodness of his heart.<SPAN=20
style=3D"mso-spacerun: yes"> =
</SPAN><o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT =
face=3D"Times New Roman"=20
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=3D"Times New Roman"=20
color=3Dblack size=3D3><SPAN style=3D"FONT-SIZE: 12pt; COLOR: =
black">Mr. O=92Neil at=20
his most basic level is a salesman.<SPAN style=3D"mso-spacerun: =
yes"> =20
</SPAN>He has something to sell: his methodology, his newspaper, his =
web=20
services for both individuals and institutions. What better way than =
to have=20
products to sell to people that follow his very own CANSLIM Method. =
Pretty=20
cool.<o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT =
face=3D"Times New Roman"=20
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=3D"Times New Roman"=20
color=3Dblack size=3D3><SPAN style=3D"FONT-SIZE: 12pt; COLOR: =
black">He sells you=20
the gas that makes the car run and he even sells you the car. Pretty =
neat,=20
and highly profitable for Mr. O=92Neil.<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 style=3D"MARGIN-LEFT: 0.5in"><FONT =
face=3D"Times New Roman"=20
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=3D"Times New Roman"=20
color=3Dblack size=3D3><SPAN style=3D"FONT-SIZE: 12pt; COLOR: =
black">I don=92t doubt=20
for a moment the AAII study results. But studies can be used to =
demonstrate=20
all sorts of things. Be aware of one thing. The returns you =
personally=20
derive from CANSLIM can vary widely from the numbers presented in =
the AAII=20
study. <o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT =
face=3D"Times New Roman"=20
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=3D"Times New Roman"=20
color=3Dblack size=3D3><SPAN style=3D"FONT-SIZE: 12pt; COLOR: =
black">For example,=20
there are several studies that demonstrate the difference in return =
between=20
what mutual funds show as performance and what individual investors =
actually=20
receive. In other words, what the average investor derives in terms =
of=20
return can vary greatly from what the mutual fund shows as =
performance=20
because the average holding period of a mutual fund for an average =
investor=20
is not buy and hold forever. Mutual fund investors typically buy and =
sell at=20
some point. The moving parts for a mutual fund investor are few, buy =
or=20
sell.<SPAN style=3D"mso-spacerun: yes"> </SPAN>The moving =
parts for a=20
canslim investor are many: buy,sell,C,A,N,S,L,I,M.<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 style=3D"MARGIN-LEFT: 0.5in"><FONT =
face=3D"Times New Roman"=20
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=3D"Times New Roman"=20
color=3Dblack size=3D3><SPAN style=3D"FONT-SIZE: 12pt; COLOR: =
black">Best of=20
Luck!!<o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT =
face=3D"Times New Roman"=20
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=3D"Times New Roman"=20
color=3Dblack size=3D3><SPAN style=3D"FONT-SIZE: 12pt; COLOR: =
black">Call me=20
crazy,<o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT =
face=3D"Times New Roman"=20
color=3Dblack size=3D3><SPAN style=3D"FONT-SIZE: 12pt; COLOR: =
black">ED<SPAN=20
style=3D"mso-spacerun: yes"> =20
</SPAN><o:p></o:p></SPAN></FONT></P>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT =
face=3D"Times New Roman"=20
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: 1in"><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=20
Malm<BR><B><SPAN style=3D"FONT-WEIGHT: bold">Sent:</SPAN></B>=20
</SPAN></FONT><st1:date Year=3D"2002" Day=3D"26" Month=3D"7"><FONT =
face=3DTahoma=20
size=3D2><SPAN style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Tahoma">Friday, July 26,=20
2002</SPAN></FONT></st1:date><FONT face=3DTahoma size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Tahoma"> =
</SPAN></FONT><st1:time=20
Minute=3D"20" Hour=3D"14"><FONT face=3DTahoma size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Tahoma">2:20=20
PM</SPAN></FONT></st1:time><FONT face=3DTahoma size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Tahoma"><BR><B><SPAN=20
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><o:p></o:p></P>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 1in"><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: 1in"><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: 1in"><FONT face=3D"Times =
New Roman"=20
size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt"> <o:p></o:p></SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 1in"><FONT face=3D"Times =
New Roman"=20
size=3D3><SPAN style=3D"FONT-SIZE: 12pt">First of all, thanks for =
that great=20
intro and welcome to the list. <o:p></o:p></SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 1in"><FONT face=3D"Times =
New Roman"=20
size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt"> <o:p></o:p></SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 1in"><FONT face=3D"Times =
New Roman"=20
size=3D3><SPAN style=3D"FONT-SIZE: 12pt">I'll take a stab at your =
question (1)=20
as this is something that comes up often when people talk generally =
about=20
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=20
CANSLIM investing. There are as many ways to pull profits from the =
markets=20
as there are people in=20
=
</SPAN></FONT><st1:country-region><st1:place>China</st1:place></st1:count=
ry-region>,=20
but if you were to boil any one system down to its essence, the =
successful=20
methodologies all have two things in common: MASTERY and DISCIPLINE =
in=20
applying the methodology. How many times have you seen your friends =
flit=20
from one investment "guru" to the next or one "investing system" to =
the=20
next? I see it happen constantly....somehow it's easier to blame =
losses on=20
"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=20
would 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=20
knows that it is not CANSLIM itself that creates investing profits =
for those=20
he mentors, it is the successful application of CANSLIM principles =
as=20
applied by knowledgeable users. I think of it as the principle of =
abundance.=20
Imagine if you were to have a child and in order to love another =
child, you=20
had to decrease your love for the first by half. It just doesn't =
work that=20
way. There are plenty of profits in the market, and thank goodness =
there are=20
people like WON who are willing to teach the rest of us how to find =
and=20
*keep* them.<o:p></o:p></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 1in"><FONT face=3D"Times =
New Roman"=20
size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt"> <o:p></o:p></SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 1in"><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=20
2001...remember *that* year? Take a look at the 45% returns for =
CANSLIM.=20
Pretty hard to sneeze at that.<o:p></o:p></SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 1in"><FONT face=3D"Times =
New Roman"=20
size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt"> <o:p></o:p></SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 1in"><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: 1in"><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: =
1in"><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: 1in"><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: 1in"><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: 1in"><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">=20
</SPAN></FONT><st1:date Year=3D"2002" Day=3D"26" Month=3D"7"><FONT =
face=3DArial=20
size=3D2><SPAN style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Arial">Friday, July 26,=20
2002</SPAN></FONT></st1:date><FONT face=3DArial size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial"> =
</SPAN></FONT><st1:time=20
Minute=3D"32" Hour=3D"12"><FONT face=3DArial size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial">12:32=20
PM</SPAN></FONT></st1:time><FONT face=3DArial size=3D2><SPAN=20
style=3D"FONT-SIZE: 10pt; FONT-FAMILY: =
Arial"><o:p></o:p></SPAN></FONT></P></DIV>
<DIV>
<P class=3DMsoNormal style=3D"MARGIN-LEFT: 1in"><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: 1in"><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: 1in"><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=20
are weird sometimes. For the<BR>past two months I've been =
reading=20
IBD, IBD.com, and two of Mr. O'Neil's<BR>books. During the =
past year=20
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. =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 tend to do well with investing because of<BR>their =
belief in and=20
adherence to rules/laws.<BR><BR>Will try to lurk for a while =
before=20
posting any messages. I do have a<BR>couple starter =
questions if=20
that doesn't offend the group. If these<BR>questions =
shouldn't be=20
asked yet, or they are answered in the archive,<BR>please let me=20
know.<BR><BR>1) The success stories Mr. O'Neil mentions are=20
incredible. But he doesn't<BR>mention how his overall =
portfolio=20
(including losses) has done over the<BR>years. Can anyone =
give me=20
guidance on independent studies and/or personal<BR>experience with =
this=20
system? For example, a 5-year total return of 15% on<BR>the =
entire=20
portfolio that also includes the 8% loses. Also if CANSLIM =
is=20
so<BR>profitable, why is Mr. O'Neil spending lots of his time =
writing=20
books and<BR>giving seminars? It makes me wonder where his =
wealth is=20
really coming from.<BR><BR>2) I have found several=20
"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=20
standard 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: =20
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=
=20
the email body, write "subscribe canslim" or<BR>-"unsubscribe=20
canslim". Do not use quotes in your=20
=
email.<o:p></o:p></SPAN></FONT></P></BLOCKQUOTE></BLOCKQUOTE></DIV></BLOC=
KQUOTE></BODY></HTML>
- ------=_NextPart_000_0030_01C23640.BDE1E4A0--
- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim". Do not use quotes in your email.
Articles sorted by: [Date]
[Author]
[Subject]