[CANSLIM] Weinstein & Professional Tape Reader

From: Warren Keuffel <wkeuffel@xmission.com>
Subject: [CANSLIM] Weinstein & Professional Tape Reader
Date: Tue, 03 Sep 2002 09:42:38 -0600

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Someone on the list recently suggested that we should cast a jaundiced eye on
Stan Weinstein's book because of his poor market performance. I wrote to the
Hulbert Financial Digest (they track newsletter portfolio performance) and
below is what they had to say. It looks like he missed the bull market
entirely, which I find surprising considering his emphasis on technical
analysis.

So, what do you think? Should we toss out Weinstein's ideas because what he
writes is not supported by real-world performance? (Katherine -- any comment?)

Warren

John wrote:

> Hello,
>
> We tracked the Professional Tape reader from July, 1980 through the end of
> 1999 which is when they had stopped publishing. During this time he had
> gained 1.3% per year versus 17.1% per year for the market. Since we no
> longer track it, it does not show up in the ratings any longer.
>
> John Kimble
> Hulbert Financial Digest

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