Go to Jeff Salisbury LWGate Home Page.From: "NANCY POLCARO" <ZILLAGIRL@msn.com>
Subject: Re: [CANSLIM] Zillagirl
Date: Thu, 8 Aug 2002 01:57:19 -0700
Previous Article (by Subject): Re: [CANSLIM] Identifying NEW leaders Ronald 9 Davis
Articles sorted by: [Date]
[Author]
[Subject]
- ------=_NextPart_001_0000_01C23E7E.EDA4D800 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable 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 - ------=_NextPart_001_0000_01C23E7E.EDA4D800 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable <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. As a matter of fact I never asked the original questio= n-another member did. 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. What I look= ed at. Where I got the info. How I see the chart. How I set u= p the scan etc. That type of thing. 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> </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> </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> - ------=_NextPart_001_0000_01C23E7E.EDA4D800-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
Previous Article (by Subject): Re: [CANSLIM] Identifying NEW leaders Ronald 9 Davis
Articles sorted by: [Date]
[Author]
[Subject]