Re: [CANSLIM] Breakout Blues

From: "Norman" <theboyd@tisd.net>
Subject: Re: [CANSLIM] Breakout Blues
Date: Sat, 24 Aug 2002 10:42:30 -0500

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I think CAN SLIM is working great.  If we are following the rules then we
have very limited exposure to the M right now.  Sure we have seen some
confirmation days but are we seeing good numbers of leading
industries/companies breaking out of sound bases?  Not for my tastes.
Sitting in cash because the rules say so is a positive position, IMO.  As we
say in science; if you have a measurement of zero, that is as good as any
other non-zero measurement, it is still what was observed in the sample.
Not having any exposure to a M because some of the CAN SLIM rules keep you
out is not to say the method isn't working.

Just my $0.02.

Norm

- ----- Original Message -----
From: "Dan Forant" <dforant1@nycap.rr.com>
To: <canslim@lists.xmission.com>
Sent: Saturday, August 24, 2002 4:55 AM
Subject: Re: [CANSLIM] Breakout Blues


> 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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