Go to Jeff Salisbury LWGate Home Page.From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] Intro: Jeffrey Gasta
Date: Sun, 28 Jul 2002 15:42:57 -0400
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Heck, I would settle for having known CANSLIM for half that many years, =
might have saved me a lot of losses, and put me into far better stocks.
Personally, I don't have a problem with WON, DGO, IBD or anyone else =
making money from selling a service that will return substantial value =
for dollar spent. I do disagree with the premium price DGO is charging =
for the Custom Screens, as I think screening capability should be an =
intrinsic part of the service I am already paying for. Aside from that, =
tho, I clearly recognize that IBD and DGO are commercial enterprises, =
not non-profit organizations, and to stay in business (and available to =
us) must show at least the potential for profit, if not actual profit.
Having spent tens of thousands of dollars over the years on investment =
newsletters, Value Line, and other material purported to give me the =
answers to ultimate, if not immediate, wealth, I find best value, =
including in time saved, by using DGO. That is not to say I have tried =
everything out there, I haven't, but started using WON products over 12 =
years ago, so comfortable with what they present, and the results I can =
achieve. But DGO is only one of a number of tools I use, most of the =
rest are either free, or very inexpensive. What works for me is the =
combination of all these tools, used in a way that works for my risk =
taking and style of investing. Someone else would use them differently. =
That is one of the things I like best about CANSLIM, it is not a single =
set of absolute rules that everyone must follow, rather it is a set of =
guidelines based on past occurrences. I deviate widely from some of =
these guidelines, or principles. Usually works, sometimes not. But I =
know when I am varying from the tried and tested guidelines, and =
venturing out on my own.
- ----- Original Message -----=20
From: Fred Richards=20
To: canslim@lists.xmission.com=20
Sent: Sunday, July 28, 2002 3:12 PM
Subject: RE: [CANSLIM] Intro: Jeffrey Gasta
In fact, most of the response is his =93opinion:=94 =20
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,
=20
I feel I should respond to Mr. Richards so you can be satisfactorily =
informed.
=20
In fact, most of the response is his =93opinion:=94 I prefer to deal =
in facts. A common ploy from certain personality types; when they =
don=92t like the message they have just heard. =93Attack the =
messenger=94. This gentleman doesn=92t even know me or my investment =
experience, yet because my facts disputed his opinion, he felt it =
necessary to attack That=92s ok. In fact I am quite pleased with my =
investment results.=20
=20
I find it somewhat amusing that my facts elicited such a defensive, =
opinion filled response. In fact, most of the response is his =
=93opinion:=94 I prefer to deal in facts. I=92m 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.=20
=20
I bear no malice, and wish Mr O=92Neil and yourself and Mr. Richards =
further success. In fact I like Mr. O=92Neil=92s work. Just understand =
CANSLIM for what it is. It is not the panacea. Nothing is. I stand =
behind my facts as stated earlier.=20
=20
Play the game to win!!
=20
Best of luck!!
=20
Call me crazy.
=20
Ed
=20
-----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
=20
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.
=20
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.
=20
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.
=20
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.
=20
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.
=20
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. =20
=20
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. =20
=20
Perhaps, you should do not have the temperament and risk capital to be =
in the stock market.
[Fred Richards]=20
=20
-----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,
=20
Sorry for my skepticism as I=92m sure Mr. O=92Neil derives great =
pleasure from helping people make money using his CANSLIM principles, =
but don=92t be misled into thinking he is doing it out of the goodness =
of his heart. =20
=20
Mr. O=92Neil 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=92Neil. Also, =
profitable for the investor that follows it, if the investor doesn=92t =
crash the car while following his principals. Don=92t get me wrong, I =
have benefited from his knowledge and information. But individual=92s =
performance in using CANSLIM will vary widely. =20
=20
I don=92t 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><FONT face=3DArial>Heck, I would settle for having known CANSLIM =
for half=20
that many years, might have saved me a lot of losses, and put me into =
far better=20
stocks.</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial>Personally, I don't have a problem with WON, =
DGO, IBD or=20
anyone else making money from selling a service that will return =
substantial=20
value for dollar spent. I do disagree with the premium price DGO is =
charging for=20
the Custom Screens, as I think screening capability should be an =
intrinsic part=20
of the service I am already paying for. Aside from that, tho, I clearly=20
recognize that IBD and DGO are commercial enterprises, not non-profit=20
organizations, and to stay in business (and available to us) must show =
at least=20
the potential for profit, if not actual profit.</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial>Having spent tens of thousands of dollars over =
the years=20
on investment newsletters, Value Line, and other material purported to =
give me=20
the answers to ultimate, if not immediate, wealth, I find best value, =
including=20
in time saved, by using DGO. That is not to say I have tried everything =
out=20
there, I haven't, but started using WON products over 12 years ago, so=20
comfortable with what they present, and the results I can achieve. But =
DGO is=20
only one of a number of tools I use, most of the rest are either free, =
or very=20
inexpensive. What works for me is the combination of all these tools, =
used in a=20
way that works for my risk taking and style of investing. Someone else =
would use=20
them differently. That is one of the things I like best about CANSLIM, =
it is not=20
a single set of absolute rules that everyone must follow, rather it is a =
set of=20
guidelines based on past occurrences. I deviate widely from some of =
these=20
guidelines, or principles. Usually works, sometimes not. But I know when =
I am=20
varying from the tried and tested guidelines, and venturing out on my=20
own.</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV style=3D"FONT: 10pt arial">----- Original Message -----=20
<DIV style=3D"BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> <A=20
title=3Dadrich@gte.net href=3D"mailto:adrich@gte.net">Fred Richards</A> =
</DIV>
<DIV><B>To:</B> <A title=3Dcanslim@lists.xmission.com=20
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
</DIV>
<DIV><B>Sent:</B> Sunday, July 28, 2002 3:12 PM</DIV>
<DIV><B>Subject:</B> RE: [CANSLIM] Intro: Jeffrey Gasta</DIV></DIV>
<DIV><FONT face=3DArial></FONT><BR></DIV>
<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 Month=3D"7" Day=3D"26" Year=3D"2002"><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
Hour=3D"18" Minute=3D"25"><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 =
Month=3D"7"=20
Day=3D"26" Year=3D"2002"><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
Hour=3D"14" Minute=3D"39"><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 Month=3D"7" Day=3D"26" Year=3D"2002"><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
Hour=3D"14" Minute=3D"20"><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 Month=3D"7" Day=3D"26" Year=3D"2002"><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
Hour=3D"12" Minute=3D"32"><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>
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