Re: [CANSLIM] David Ryan

From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] David Ryan
Date: Sun, 18 Aug 2002 10:06:31 -0400
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I was watching the fund fairly closely at the time, as I had put a =
number of clients into it that wanted to do CANSLIM, but were =
uncomfortable with individual stocks.

I saw several factors, not the least of which was the authorized =
structure of the fund.

The fund could not short, but could be as much as 50% cash.  Ryan stayed =
in cash to the max during several critical rallies, and got left behind.

I worked at the time for a broker dealer where we paid for live picks =
from WON and his team. I felt Ryan was diverging from what I was seeing =
from WON, who was leaning more towards larger cap stocks, and being =
fully invested. Ryan didn't seem to believe the market was going to move =
higher, held cash (rather than invest it defensively), and seemed =
lukewarm on growth stocks. To me at the time, seemed to be a lack of =
confidence and indecision.

Ryan's claim to fame was three time winner of a national investing =
contest. That is not the same as running a mutual fund. I know I have =
learned a lot about managing a mutual fund from my VR Fund.

- ----- Original Message -----=20
From: J. Lobatto=20
To: canslim@lists.xmission.com=20
Sent: Sunday, August 18, 2002 9:45 AM
Subject: Re: [CANSLIM] David Ryan


Tom,

Interesting that a guy who was apparently brilliantly successful earlier =
failed miserably as a fund manager. Do you think it was a result of =
unfavorable market conditions or did he stray from CANSLIM, or was it =
something else?
  ----- Original Message -----=20
  From: Tom Worley=20
  To: canslim@lists.xmission.com=20
  Sent: Sunday, August 18, 2002 9:39 AM
  Subject: Re: [CANSLIM] David Ryan


  I heard he and WON parted ways after the mutual fund fell flat on its =
face. I think he is still in the industry, but don't know where. Wasn't =
impressed with his performance running the fund, nor some of his =
decision making, so had no further interest in his performance.

  ----- Original Message -----=20
  From: J. Lobatto=20
  To: canslim@lists.xmission.com=20
  Sent: Sunday, August 18, 2002 9:33 AM
  Subject: [CANSLIM] David Ryan


  Anyone know the whereabouts or whatabouts of David Ryan? I do recall =
that he and WON started a mutual fund several years ago that had =
mediocre performance and that was bought out by a fund family. Does he =
still manage money these days and if so, anyone aware of a track record?

  Jon

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<DIV><FONT face=3DArial>I was watching the fund fairly closely at the =
time, as I=20
had put a number of clients into it that wanted to do CANSLIM, but were=20
uncomfortable with individual stocks.</FONT></DIV>
<DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial>I saw several factors, not the least of which =
was the=20
authorized structure of the fund.</FONT></DIV>
<DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial>The fund could not short, but could be as much =
as 50%=20
cash.&nbsp; Ryan stayed in cash to the max during several critical =
rallies, and=20
got left behind.</FONT></DIV>
<DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial>I worked at the time for a broker dealer where =
we paid for=20
live picks from WON and his team. I felt Ryan was diverging from what I =
was=20
seeing from WON, who was leaning more towards larger cap stocks, and =
being fully=20
invested. Ryan didn't seem to believe the market was going to move =
higher, held=20
cash (rather than invest it defensively), and seemed lukewarm on growth =
stocks.=20
To me at the time, seemed to be a lack of confidence and=20
indecision.</FONT></DIV>
<DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial>Ryan's claim to fame was three time winner of a =
national=20
investing contest. That is not the same as running a mutual fund. I know =
I have=20
learned a lot about managing a mutual fund from my VR Fund.</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=3Djlobatto@nyc.rr.com href=3D"mailto:jlobatto@nyc.rr.com">J. =
Lobatto</A>=20
</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 18, 2002 9:45 AM</DIV>
<DIV><B>Subject:</B> Re: [CANSLIM] David Ryan</DIV></DIV>
<DIV><FONT face=3DArial></FONT><BR></DIV>
<DIV><FONT face=3DArial size=3D2>Tom,</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial size=3D2>Interesting that a guy who was =
apparently=20
brilliantly successful earlier failed miserably as a fund manager. Do =
you think=20
it was a result of unfavorable market conditions or did he stray from =
CANSLIM,=20
or was it something else?</FONT></DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
  <DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
  <DIV=20
  style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
  <A title=3Dstkguru@bellsouth.net =
href=3D"mailto:stkguru@bellsouth.net">Tom=20
  Worley</A> </DIV>
  <DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
  =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
 </DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Sunday, August 18, 2002 =
9:39=20
  AM</DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] David =
Ryan</DIV>
  <DIV><BR></DIV>
  <DIV><FONT face=3DArial>I heard he and WON parted ways after the =
mutual fund=20
  fell flat on its face. I think he is still in the industry, but don't =
know=20
  where. Wasn't impressed with his performance running the fund, nor =
some of his=20
  decision making, so had no further interest in his =
performance.</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=3Djlobatto@nyc.rr.com href=3D"mailto:jlobatto@nyc.rr.com">J. =
Lobatto</A>=20
  </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 18, 2002 9:33 AM</DIV>
  <DIV><B>Subject:</B> [CANSLIM] David Ryan</DIV></DIV>
  <DIV><BR></DIV>
  <DIV><FONT face=3DArial size=3D2>Anyone know the whereabouts or =
whatabouts of=20
  David Ryan? I do recall that he and WON started a mutual fund several =
years=20
  ago that had mediocre performance and that was bought out by a fund =
family.=20
  Does he still manage money these days and if so, anyone aware of a =
track=20
  record?</FONT></DIV>
  <DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
  <DIV><FONT face=3DArial =
size=3D2>Jon</FONT></DIV></BLOCKQUOTE></BODY></HTML>

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