Re: [CANSLIM] Breakout Blues

From: "Dan Forant" <dforant1@nycap.rr.com>
Subject: Re: [CANSLIM] Breakout Blues
Date: Sat, 24 Aug 2002 05:55:44 -0400

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The market itself makes or brakes CANSLIM. Look at yesterdays fall, only 2
stocks out of the Nasdaq 100 moved up. In a bear or choppy market CANSLIM
will not be successful as advertised. It's been awhile since CANSLIM has
dusted itself off and worked. This market action could go on for a year or
more. When CANSLIM does get it's chance it will shine. I still say it's a
simple concept to practice. If you put it under a microscope it can get
blurred.

DanF


- ----- Original Message -----
From: "Tom Worley" <stkguru@bellsouth.net>
To: <canslim@lists.xmission.com>
Sent: Friday, August 23, 2002 11:07 PM
Subject: Re: [CANSLIM] Breakout Blues


> 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
>
>
>
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