Re: [CANSLIM] Why Professionals go astray

From: Cwyndham@aol.com
Subject: Re: [CANSLIM] Why Professionals go astray
Date: Tue, 3 Sep 2002 20:43:15 EDT

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In a message dated 9/3/2002 6:37:33 PM Central Daylight Time, 
kmalm@earthlink.net writes:


> Hi Wyndy,
>  
> My comment about chucking CANSLIM was tongue-in-cheek. You can't measure a 
> system unless there are firm recommendations and/or nonsubjective 
> components for entry/exit.* CANSLIM is not about telling you specifically 
> which stocks you should and shouldn't buy, it doesn't recommend 
> stocks---it's a process of investing long in fundamentally sound 
> high-growth stocks using an intermediate term entry/exit strategy based on 
> technicals. It's a long strategy intended for uptrending markets rather 
> than an "all weather" strategy.


If I understand what you are saying, CANSLIM is based on faith and not facts. 
Do you have any "beef" to share? What can I expect to yield based on your 
knowledge not what you read somewhere?

Thank you,
Wyndy  




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<HTML><FONT FACE=arial,helvetica><FONT  SIZE=2 FAMILY="SANSSERIF" FACE="Arial" LANG="0">In a message dated 9/3/2002 6:37:33 PM Central Daylight Time, kmalm@earthlink.net writes:<BR>
<BR>
<BR>
<BLOCKQUOTE TYPE=CITE style="BORDER-LEFT: #0000ff 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px">Hi Wyndy,<BR>
 <BR>
My comment about chucking CANSLIM was tongue-in-cheek. You can't measure a system unless there are firm recommendations and/or nonsubjective components for entry/exit.* CANSLIM is not about telling you specifically which stocks you should and shouldn't buy, it doesn't recommend stocks---it's a process of investing long in fundamentally sound high-growth stocks using an intermediate term entry/exit strategy based on technicals. It's a long strategy intended for uptrending markets rather than an "all weather" strategy.</BLOCKQUOTE><BR>
</FONT><FONT  COLOR="#000000" style="BACKGROUND-COLOR: #ffffff" SIZE=2 FAMILY="SANSSERIF" FACE="Arial" LANG="0"><BR>
<BR>
</FONT><FONT  COLOR="#000000" style="BACKGROUND-COLOR: #ffffff" SIZE=2 FAMILY="SANSSERIF" FACE="Arial" LANG="0">If I understand what you are saying, CANSLIM is based on faith and not facts. Do you have any "beef" to share? What can I expect to yield based on your knowledge not what you read somewhere?<BR>
<BR>
Thank you,<BR>
Wyndy&nbsp; <BR>
<BR>
<BR>
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