[CANSLIM] Introduction

From: RWElmer@aol.com
Subject: [CANSLIM] Introduction
Date: Sat, 24 Aug 2002 15:27:29 EDT

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Greetings All,

In reading another post this morning I found that it was considered good
manners here to give a formal introduction of yourself. I had seen many do it
over the months but didn't realize it was expected. My apologies for the faux
pas.

I am a Realtor in Redding, CA who has been following the Market since
February of 1999. Our office started an Investment Club at that time and I
volunteered to help run it. I knew absolutely nothing about the Market when
we started but I had a keen interest in learning about it. I have devoured
everything I could about stocks ever since and have shared my education with
our Club. We get together monthly and discuss the various concepts learned so
as to adapt the more promising thoughts along the way. I have exposed myself
to the NAIC method, which our Club used for a time; the Motley Fool methods;
VectorVest, which we're very happy with; and now CANSLIM; with various
smaller technical trading forays along the way. All and all we use VectorVest
for our mining, timing, and portfolio management and are currently
incorporating CANSLIM into our method.

I was invited to this CANSLIM Group several months back, at the end of 2001 I
believe, but have mostly lurked while I learned what I could about CANSLIM. I
have long since gone through the Learning Center at IBD and have recently
read and reread HTMMIS and the 24 Questions books. One thing that I found
comforting is that many of the rules our Club developed along the way are
exactly the things WON espouses too. More importantly, however, are the
things we didn't think of. Prime among these is the questionable nature of
using PEs to judge a stock's attractiveness. In reality we had gravitated
towards the Motley Fool model, which valued stocks more on a PEG basis. After
exposing ourselves to CANSLIM, however, we all agree that this is a model we
prefer to adapt.

I hope that serves as an adequate introduction. I'll only add that I think
this is as good a group as I've seen to discuss stocks with and I really
appreciate the civility here.

Best Regards,

Robert W. Elmer

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<HTML>Greetings All,
 
 In reading another post this morning I found that it was considered good manners here to give a formal introduction of yourself. I had seen many do it over the months but didn't realize it was expected. My apologies for the faux pas.
 
 I am a Realtor in Redding, CA who has been following the Market since February of 1999. Our office started an Investment Club at that time and I volunteered to help run it. I knew absolutely nothing about the Market when we started but I had a keen interest in learning about it. I have devoured everything I could about stocks ever since and have shared my education with our Club. We get together monthly and discuss the various concepts learned so as to adapt the more promising thoughts along the way. I have exposed myself to the NAIC method, which our Club used for a time; the Motley Fool methods; VectorVest, which we're very happy with; and now CANSLIM; with various smaller technical trading forays along the way. All and all we use VectorVest for our mining, timing, and portfolio management and are currently incorporating CANSLIM into our method.
 
 I was invited to this CANSLIM Group several months back, at the end of 2001 I believe, but have mostly lurked while I learned what I could about CANSLIM. I have long since gone through the Learning Center at IBD and have recently read and reread HTMMIS and the 24 Questions books. One thing that I found comforting is that many of the rules our Club developed along the way are exactly the things WON espouses too. More importantly, however, are the things we didn't think of. Prime among these is the questionable nature of using PEs to judge a stock's attractiveness. In reality we had gravitated towards the Motley Fool model, which valued stocks more on a PEG basis. After exposing ourselves to CANSLIM, however, we all agree that this is a model we prefer to adapt.
 
 I hope that serves as an adequate introduction. I'll only add that I think this is as good a group as I've seen to discuss stocks with and I really appreciate the civility here.
 
 Best Regards,
 
 Robert W. Elmer
 </HTML>

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