Re: [CANSLIM] Breakout Blues

From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] Breakout Blues
Date: Fri, 23 Aug 2002 23:07:45 -0400

Next Article (by Author): Re: [CANSLIM] Breakout Blues "Tom Worley"
Previous Article (by Author): [CANSLIM] Index Volumes "Norman"
Next in Thread: Re: [CANSLIM] Breakout Blues "Tom Worley"
Articles sorted by: [Date] [Author] [Subject]

I disagree. Over the many years I have been using CANSLIM, and the past six
participating in this "niche" investing group, I have seen too many people
that "thought" they knew CANSLIM and how to apply it. In some cases, they
had not even read HTMMIS once, much less studied it. If I multiply the
membership of this group by some unknown factor to represent the population
of investors that got a free two week subscription to IBD and now "think"
they have the hang of CANSLIM, but never were a member here, then I think
there are likely millions of potential investors that will lose money on the
basis of their perception of CANSLIM, and thereby condemn the system rather
than their lack of knowledge or effort to learn.

- ----- Original Message -----
From: "David Thompson" <david@epud.net>
To: <canslim@lists.xmission.com>
Sent: Friday, August 23, 2002 1:13 PM
Subject: Re: [CANSLIM] Breakout Blues


Tom and Robert

One of the concerns that I've had is that one of the principles of
investing is that once a very large group of people start following a
certain investment style it generally stops working. It seems that WON
has kept the C&H style of selecting stocks "fresh" by more and more
carefully defining what's likely to work and likely to not. However, I
suspect that significant growth in IBD (and they say it's growing
quickly, they're certainly giving away a lot of copies) will eventually
make it more worthwhile to trade against or outside the CANSLIM model.

David Thompson



- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim".  Do not use quotes in your email.




- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim".  Do not use quotes in your email.

Go to Jeff Salisbury LWGate Home Page.