Re: [CANSLIM] NVDA

From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] NVDA
Date: Sun, 11 Aug 2002 08:29:55 -0400
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Mike,

CANSLIM was not designed for swing trading, but certainly many people =
use it that way to capture short term profits. But the idea of CANSLIM =
is for investing for the mid and long term, as well as to create a =
discipline for investing, having a set of rules to stick to for buying, =
holding and selling.

It is a combination of momentum and fundamentals. Some will give one =
more emphasis than the other, it's all in the personal interpretation =
(and application) of the data, chart pattern, and rules.

- ----- Original Message -----=20
From: Mike Gibbons=20
To: canslim@lists.xmission.com=20
Sent: Sunday, August 11, 2002 5:47 AM
Subject: RE: [CANSLIM] NVDA


I didn't realize what a pandora's box I was opening , but I'm glad I did =
raise the lid on NVDA.

What I learned was:
  a.. an excellent "C" and "A" can be misleading=20
  b.. The technicals such as RS, up/down volume, etc were indicators =
that there's something rotten in the state of Denmark, despite the =
fundamentals
Which would appear to confirm that everything you need to know is =
already in the tape.

Question: is this only true in a bear market? (I'm referring to =
Katherine's statement quoted by Charley), and if it's universally true =
then can't the lazy one's among us (and I include myself in that =
category) simply cheat by swing trading patterns, not CANSLIM =
fundamentals?

Aloha,

Mike Gibbons
Proactive Technologies, LLC
http://www.proactech.com
  -----Original Message-----
  From: owner-canslim@lists.xmission.com =
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Chazmoore@aol.com
  Sent: Saturday, August 10, 2002 5:49 PM
  To: canslim@lists.xmission.com
  Subject: [CANSLIM] NVDA


  A week or so ago, (time passes so fast), Katherine made a statement to =
the effect that the technicals are more important than the fundamentals =
in a bear market. I have now observed this to be true on numerous recent =
occasions, but my first impulse is to look for fundamental excuses for a =
falling stock price.=20
  Quoting from a book I am reading, "The fundamental work answers the =
question what, and the technical side of the equation answers the =
question when." , points out how important it is to have all the facts.=20
  Thanks for calling my attention to the SEC investigation. It is so =
discouraging to learn of these repeated accounting problems. One of =
these days I will stop believing in Santa Claus.=20

  Charley=20

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<DIV><FONT face=3DArial>Mike,</FONT></DIV>
<DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial>CANSLIM was not designed for swing trading, but =
certainly=20
many people use it that way to capture short term profits. But the idea =
of=20
CANSLIM is for investing for the mid and long term, as well as to create =
a=20
discipline for investing, having a set of rules to stick to for buying, =
holding=20
and selling.</FONT></DIV>
<DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial>It is a combination of momentum and =
fundamentals. Some=20
will give one more emphasis than the other, it's all in the personal=20
interpretation (and application) of the data, chart pattern, and=20
rules.</FONT></DIV>
<DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
<DIV style=3D"FONT: 10pt arial">----- Original Message -----=20
<DIV style=3D"BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> <A=20
title=3Dmikegibbons@proactech.com =
href=3D"mailto:mikegibbons@proactech.com">Mike=20
Gibbons</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, August 11, 2002 5:47 AM</DIV>
<DIV><B>Subject:</B> RE: [CANSLIM] NVDA</DIV></DIV>
<DIV><BR></DIV>
<DIV><SPAN class=3D500042409-11082002><FONT face=3DTahoma =
color=3D#000080 size=3D2>I=20
didn't realize what a pandora's box I was opening , but I'm glad I did =
raise the=20
lid on NVDA.</FONT></SPAN></DIV>
<DIV><SPAN class=3D500042409-11082002><FONT face=3DTahoma =
color=3D#000080=20
size=3D2></FONT></SPAN>&nbsp;</DIV>
<DIV><SPAN class=3D500042409-11082002><FONT face=3DTahoma =
color=3D#000080 size=3D2>What=20
I learned was:</FONT></SPAN></DIV>
<UL>
  <LI><SPAN class=3D500042409-11082002><FONT face=3DTahoma =
color=3D#000080 size=3D2>an=20
  excellent "C" and "A"&nbsp;can be&nbsp;misleading</FONT></SPAN>=20
  <LI><SPAN class=3D500042409-11082002></SPAN><FONT face=3DTahoma =
color=3D#000080=20
  size=3D2><SPAN class=3D500042409-11082002>The technicals such as RS, =
up/down=20
  volume, etc were indicators that there's something rotten in the state =
of=20
  Denmark, despite the fundamentals</SPAN></FONT></LI></UL>
<DIV><FONT face=3DTahoma color=3D#000080 size=3D2><SPAN =
class=3D500042409-11082002>Which=20
would appear to confirm that everything you need to know is already in =
the=20
tape.</SPAN></FONT></DIV>
<DIV><FONT face=3DTahoma color=3D#000080 size=3D2><SPAN=20
class=3D500042409-11082002></SPAN></FONT>&nbsp;</DIV>
<DIV><FONT face=3DTahoma color=3D#000080 size=3D2><SPAN=20
class=3D500042409-11082002>Question: is this only true in a bear market? =
(I'm=20
referring to Katherine's statement quoted by Charley), and if it's =
universally=20
true then can't the lazy one's among us (and I include myself in that =
category)=20
simply cheat by swing trading patterns, not CANSLIM=20
fundamentals?</SPAN></FONT></DIV>
<DIV><FONT face=3DTahoma color=3D#000080 size=3D2><SPAN=20
class=3D500042409-11082002></SPAN></FONT>&nbsp;</DIV>
<DIV><FONT face=3DTahoma color=3D#000080 size=3D2>Aloha,</FONT></DIV>
<DIV><FONT face=3DTahoma color=3D#000080 size=3D2></FONT>&nbsp;</DIV>
<DIV><FONT face=3DTahoma color=3D#000080 size=3D2>Mike =
Gibbons</FONT></DIV>
<DIV><FONT face=3DTahoma color=3D#000080 size=3D2>Proactive =
Technologies,=20
LLC</FONT></DIV>
<DIV><FONT face=3DTahoma color=3D#000080=20
size=3D2>http://www.proactech.com</FONT></DIV>
<BLOCKQUOTE>
  <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=20
  </B>Chazmoore@aol.com<BR><B>Sent:</B> Saturday, August 10, 2002 5:49=20
  PM<BR><B>To:</B> canslim@lists.xmission.com<BR><B>Subject:</B> =
[CANSLIM]=20
  NVDA<BR><BR></FONT></DIV><FONT face=3Darial,helvetica><FONT size=3D2>A =
week or so=20
  ago, (time passes so fast), Katherine made a statement to the effect =
that the=20
  technicals are more important than the fundamentals in a bear market. =
I have=20
  now observed this to be true on numerous recent occasions, but my =
first=20
  impulse is to look for fundamental excuses for a falling stock price.=20
  <BR>Quoting from a book I am reading, "The fundamental work answers =
the=20
  question <I>what,</I> and the technical side of the equation answers =
the=20
  question <I>when." </I>, points out how important it is to have all =
the facts.=20
  <BR>Thanks for calling my attention to the SEC investigation. It is so =

  discouraging to learn of these repeated accounting problems. One of =
these days=20
  I will stop believing in Santa Claus. <BR><BR>Charley</FONT>=20
</FONT></BLOCKQUOTE></BODY></HTML>

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