Go to Jeff Salisbury LWGate Home Page.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 > > > > > > > > - > > -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. > > > > > - > -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.
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