Re: [CANSLIM] Zillagirl

From: "NANCY POLCARO" <ZILLAGIRL@msn.com>
Subject: Re: [CANSLIM] Zillagirl
Date: Thu, 8 Aug 2002 01:57:19 -0700
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Thank You Robert-I will keep your email and try to go over it in the morn=
ing again.  Somehow we got way off track. I never asked for people to sha=
re their lists.  As a matter of fact I never asked  the original question=
- -another member did.  What I said, in agreement, was maybe the more exper=
ienced members could highlight two or three stocks they think have promis=
e, the group could analysis them-in the process teaching the people that =
dont know this process yet. A start to finish product so to speak. Exactl=
y how I found it-exactly what made me look at it.  What I looked at.  Whe=
re I got the info.  How I see the chart. How I set up the scan etc.  That=
 type of thing.  A kind of beginning to end road map to show the less exp=
erienced how it's done. Even though every road would be different-every r=
oad would have similarities. I'll always think it is a good idea.  If I e=
ver become smart enough I would try to do it for others. (right now thoug=
h , there is great doubt as to whether this will ever evolve.) I apprecia=
te your input and your time and will study it in depth tomorrow.   thank =
you Nancy
 =20
- ----- Original Message -----
From: RWElmer@aol.com
Sent: Thursday, August 08, 2002 1:05 AM
To: canslim@lists.xmission.com
Subject: [CANSLIM] Zillagirl
 =20
Hello Zillagirl, =20

I offer another explanation as to why people won't share their lists. It =
goes back to, "Give a man a fish and he'll eat for a day, teach a man to =
fish and he'll eat for life." Or, as Bruce Lee said, "I cannot teach you =
this method or that method. I can only teach you to explore yourself." =20

In many ways, that's exactly what I see happening on this Board. When peo=
ple point out resources, they are giving you all that you need until you =
have explored that resource to your own satisfaction and edification. To =
walk you step by step through the process is not only a possible infringe=
ment on their good nature and time, it is also a disservice to you. This =
is the "exploring yourself" part of the Journey. The more experienced Mem=
bers have a process that works for them and is usually as a result of muc=
h trial and error. That groping is part of the process, as it's very unli=
kely you'll stumble upon a ready made system of somebody else's that suit=
s your needs exactly. It is by studying as much as you can that you devel=
op skills that teach you not only how to use the tools, but also why they=
're used the way they are. This goes down to learning how to use Excel sh=
eets and Downloading files. If you thirst for the knowledge, you will fin=
d a way to gain it, with or without the help of others. I find "Help" men=
us have served me well in times of trouble. The good thing here is that t=
here are so many able and willing souls to assist you. I know I have foun=
d that the times I'm most willing to do things for myself are the exact t=
imes someone comes along to offer help. (Most often for me it's been this=
 Guiding Light I met on a Board much like this, but that's another story)=
 =20

Our personal Watchlists are not a secret, if I may speak for others. As a=
nother Member noted, many of the picks we come to on our own are well kno=
wn and much discussed on this Board. Simply perusing the Daily Screen on =
IBD will give you some wonderful candidates to work with. The trick is, n=
ow that you know about them, what are you going to do with them? Your not=
 missing out on very many "secrets" in the way of picks, except maybe wit=
h Tom's small caps (I like 'em too, Tom) This is where developing your ow=
n methodology is so important. To that end, you might start by going thro=
ugh HTMMIS and deriving a process by which you'll evaluate stocks that yo=
u come across. Write down the things WON mentions that are important and =
make your list. Decide that those which past this list will go on a Watch=
list. After you have that list (and keep updating it regularly) do deeper=
 Due Diligence (DD) until you are satisfied that you would buy whichever =
stocks if their chart patterns present an opportunity. Put those on your =
Ready To Buy List then watch them like a hawk for that opportunity. Simpl=
y working out the details of this will keep you learning for a good while=
 And it's ultimately what we're all doing to get our lists, in one way o=
r another. =20

Personally, I agree with those that prefer not to post their lists. The r=
eason is that a list is not separate from the process by which it was der=
ived. To share the list is to share the process. To share the process is =
to assume the person it's being shared with is going to relate to your wa=
y of looking at the problem. That's a huge assumption. It leaves alot of =
room for misunderstanding and disagreement. And it's always probable that=
 what works for another may not work for you. That's just a consequence o=
f being individuals. The funny thing is, there is one person willing to s=
hare both lists and process, and is a master at doing it. That, of course=
, is William O'Neil. It is his process that is much debated and interpret=
ed here. In that context it's easy to see why it'd be difficult for any h=
ere to really share their methods. As open book as O'Neil's method is, it=
's still not easily grasped or executed. And he is in the business of let=
ting you in on his "secrets." What chance do we have of really being able=
 to pass on our approach without exposing it to misunderstanding, and use=
less defending? No, instead I recommend letting the Experienced teach you=
 to explore yourself. =20

You obviously have the desire to learn. But trading, like any discipline,=
 takes alot of working with, alot of patience, and a love of learning. As=
 I see it, CANSLIM is not a get rich quick method but a Discipline to Mas=
ter that leads to Wealth. I think most would agree that part of that Weal=
th is the inner growth developed to master the method (which, incidentall=
y, I have not). Spend some time working with the ideas you have been give=
n to this point by so many and see how pondering them helps you grow. It'=
s a process we all go through, and continue to go through. I don't think =
the learning ends until you quit. The Board will be here when you need th=
em, but much more is gained, I believe, by taking a bite at a time then c=
hewing for a while. =20

Best Wishes for a rewarding Journey, =20

Robert W. Elmer =20

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<HTML><BODY STYLE=3D"font:10pt verdana; border:none;"><DIV>Thank You Robe=
rt-I will keep your email and try to go over it in the morning again.&nbs=
p; Somehow we got way off track. I never asked for people to share their =
lists.&nbsp; As a matter of fact I never asked&nbsp; the original questio=
n-another member did.&nbsp; What I said, in agreement, was maybe the more=
 experienced members could highlight two or three stocks they think have =
promise, the group could analysis them-in the process teaching the people=
 that dont know this process yet. A start to finish product so to speak. =
Exactly how I found it-exactly what made me look at it.&nbsp; What I look=
ed at.&nbsp; Where I got the info.&nbsp; How I see the chart. How I set u=
p the scan etc.&nbsp; That type of thing.&nbsp; A kind of beginning to en=
d road map to show the less experienced how it's done. Even though every =
road would be different-every road would have similarities. I'll always t=
hink it is a good idea.  If I ever become smart enough I would try to do =
it for others. (right now though , there is great doubt as to whether thi=
s will ever evolve.) I appreciate your input and your time and will study=
 it in depth tomorrow.   thank you Nancy</DIV> <DIV>&nbsp;</DIV> <BLOCKQU=
OTE style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BOR=
DER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px"> <DIV style=3D"FONT: 10pt=
 Arial">----- Original Message -----</DIV> <DIV style=3D"BACKGROUND: #e4e=
4e4; FONT: 10pt Arial; COLOR: black"><B>From:</B> RWElmer@aol.com</DIV> <=
DIV style=3D"FONT: 10pt Arial"><B>Sent:</B> Thursday, August 08, 2002 1:0=
5 AM</DIV> <DIV style=3D"FONT: 10pt Arial"><B>To:</B> canslim@lists.xmiss=
ion.com</DIV> <DIV style=3D"FONT: 10pt Arial"><B>Subject:</B> [CANSLIM] Z=
illagirl</DIV> <DIV>&nbsp;</DIV><FONT face=3Darial,helvetica><FONT size=3D=
2>Hello Zillagirl, <BR><BR>I offer another explanation as to why people w=
on't share their lists. It goes back to, "Give a man a fish and he'll eat=
 for a day, teach a man to fish and he'll eat for life." Or, as Bruce Lee=
 said, "I cannot teach you this method or that method. I can only teach y=
ou to explore yourself." <BR><BR>In many ways, that's exactly what I see =
happening on this Board. When people point out resources, they are giving=
 you all that you need until you have explored that resource to your own =
satisfaction and edification. To walk you step by step through the proces=
s is not only a possible infringement on their good nature and time, it i=
s also a disservice to you. This is the "exploring yourself" part of the =
Journey. The more experienced Members have a process that works for them =
and is usually as a result of much trial and error. That groping is part =
of the process, as it's very unlikely you'll stumble upon a ready made sy=
stem of somebody else's that suits your needs exactly. It is by studying =
as much as you can that you develop skills that teach you not only how to=
 use the tools, but also why they're used the way they are. This goes dow=
n to learning how to use Excel sheets and Downloading files. If you thirs=
t for the knowledge, you will find a way to gain it, with or without the =
help of others. I find "Help" menus have served me well in times of troub=
le. The good thing here is that there are so many able and willing souls =
to assist you. I know I have found that the times I'm most willing to do =
things for myself are the exact times someone comes along to offer help. =
(Most often for me it's been this Guiding Light I met on a Board much lik=
e this, but that's another story) <BR><BR>Our personal Watchlists are not=
 a secret, if I may speak for others. As another Member noted, many of th=
e picks we come to on our own are well known and much discussed on this B=
oard. Simply perusing the Daily Screen on IBD will give you some wonderfu=
l candidates to work with. The trick is, now that you know about them, wh=
at are you going to do with them? Your not missing out on very many "secr=
ets" in the way of picks, except maybe with Tom's small caps (I like 'em =
too, Tom) This is where developing your own methodology is so important. =
To that end, you might start by going through HTMMIS and deriving a proce=
ss by which you'll evaluate stocks that you come across. Write down the t=
hings WON mentions that are important and make your list. Decide that tho=
se which past this list will go on a Watchlist. After you have that list =
(and keep updating it regularly) do deeper Due Diligence (DD) until you a=
re satisfied that you would buy whichever stocks if their chart patterns =
present an opportunity. Put those on your Ready To Buy List then watch th=
em like a hawk for that opportunity. Simply working out the details of th=
is will keep you learning for a good while. And it's ultimately what we'r=
e all doing to get our lists, in one way or another. <BR><BR>Personally, =
I agree with those that prefer not to post their lists. The reason is tha=
t a list is not separate from the process by which it was derived. To sha=
re the list is to share the process. To share the process is to assume th=
e person it's being shared with is going to relate to your way of looking=
 at the problem. That's a huge assumption. It leaves alot of room for mis=
understanding and disagreement. And it's always probable that what works =
for another may not work for you. That's just a consequence of being indi=
viduals. The funny thing is, there is one person willing to share both li=
sts and process, and is a master at doing it. That, of course, is William=
 O'Neil. It is his process that is much debated and interpreted here. In =
that context it's easy to see why it'd be difficult for any here to reall=
y share their methods. As open book as O'Neil's method is, it's still not=
 easily grasped or executed. And he is in the business of letting you in =
on his "secrets." What chance do we have of really being able to pass on =
our approach without exposing it to misunderstanding, and useless defendi=
ng? No, instead I recommend letting the Experienced teach you to explore =
yourself. <BR><BR>You obviously have the desire to learn. But trading, li=
ke any discipline, takes alot of working with, alot of patience, and a lo=
ve of learning. As I see it, CANSLIM is not a get rich quick method but a=
 Discipline to Master that leads to Wealth. I think most would agree that=
 part of that Wealth is the inner growth developed to master the method (=
which, incidentally, I have not). Spend some time working with the ideas =
you have been given to this point by so many and see how pondering them h=
elps you grow. It's a process we all go through, and continue to go throu=
gh. I don't think the learning ends until you quit. The Board will be her=
e when you need them, but much more is gained, I believe, by taking a bit=
e at a time then chewing for a while. <BR><BR>Best Wishes for a rewarding=
 Journey, <BR><BR><B>Robert W. Elmer <BR></B></FONT></BLOCKQUOTE></FONT><=
/BODY></HTML>

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