Re: [CANSLIM] David Ryan

From: Kent Norman <kent_norman@yahoo.com>
Subject: Re: [CANSLIM] David Ryan
Date: Sun, 18 Aug 2002 18:23:36 -0700 (PDT)

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Tom

I once heard something that may apply to this case.
It went something like this:
One cowboy said to the other: "I can hit a bullseye at 50
paces"
The other said: "Yes, but how can you do when it is shooting
back?"

Perhaps the reality of being responsible for other peoples money made
him flounder.

Regards
Kent Norman

- --- Tom Worley <stkguru@bellsouth.net> wrote:
> 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 ----- 
> From: J. Lobatto 
> To: canslim@lists.xmission.com 
> 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 ----- 
>   From: Tom Worley 
>   To: canslim@lists.xmission.com 
>   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 ----- 
>   From: J. Lobatto 
>   To: canslim@lists.xmission.com 
>   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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