Re: [CANSLIM] Why Professionals go astray

From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] Why Professionals go astray
Date: Tue, 3 Sep 2002 22:06:30 -0400
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Wyndy, I won't tell you to believe or not, that's your choice. All I am =
saying is that 10 years ago, when I was receiving institutional services =
from WON, along with faxed picks, the performance data existed. Since I =
no longer enjoy those services, I don't know if they are available to =
any clients of WON, or not, but suspect they are.

Maybe you should write IBD/DGO (whichever service you take) and ask them =
to provide some performance data, and see what they say.

Why don't they advertise the performance of WON, and his picks? Probably =
for the same reasons they eventually got away from having small retail =
oriented brokerage firms as institutional clients, too many brokers =
never bothered to learn the philosophy of CANSLIM, rather were just =
salesmen promising returns and guarantees they could not deliver because =
they didn't know what they were really doing. Yet it was WON that got =
the complaints from the clients of the firm, not the broker that was =
poorly using the tools available to him.

Dealing strictly with institutional investors with live picks and =
similar data is far safer, you are dealing with professionals, and if =
they abuse the data provided they have no one to blame but themselves.

- ----- Original Message -----=20
From: Cwyndham@aol.com=20
To: canslim@lists.xmission.com=20
Sent: Tuesday, September 03, 2002 9:48 PM
Subject: Re: [CANSLIM] Why Professionals go astray


In a message dated 9/3/2002 7:35:47 PM Central Daylight Time, =
stkguru@bellsouth.net writes:



  Katherine, as late as 1992, I still had access to the big maroon books =
with
  five year, log charts from WON services. In the front of those books =
was a
  20 or so year chart of his picks vs the major indexes, along with =
yearly
  performance compared to those same indexes
.

Tom, What I see here is that 10 years ago you  saw a 20 year old chart. =
I don't understand what I'm missing. If the data is good why don't they =
publish it. It's hard to be told that everyone in the business is bad =
and the numbers are no good but when I ask a direct question I get "you =
just got to believe."

Again, are you folks pulling my leg?

Wyndy





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<META http-equiv=3DContent-Type content=3D"text/html; =
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<STYLE></STYLE>
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<BODY bgColor=3D#ffffff>
<DIV><FONT face=3DArial>Wyndy, I won't tell you to believe or not, =
that's your=20
choice. All I am saying is that 10 years ago, when I was receiving =
institutional=20
services from WON, along with faxed picks, the performance data existed. =
Since I=20
no longer enjoy those services, I don't know if they are available to =
any=20
clients of WON, or not, but suspect they are.</FONT></DIV>
<DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial>Maybe you should write IBD/DGO (whichever =
service you=20
take) and ask them to provide some performance data, and see what they=20
say.</FONT></DIV>
<DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial>Why don't they advertise the performance of WON, =
and his=20
picks? Probably for the same reasons they eventually got away from =
having small=20
retail oriented brokerage firms as institutional clients, too many =
brokers never=20
bothered to learn the philosophy of CANSLIM, rather were just salesmen =
promising=20
returns and guarantees they could not deliver because they didn't know =
what they=20
were really doing. Yet it was WON that got the complaints from the =
clients of=20
the firm, not the broker that was poorly using the tools available to=20
him.</FONT></DIV>
<DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial>Dealing strictly with institutional investors =
with live=20
picks and similar data is far safer, you are dealing with professionals, =
and if=20
they abuse the data provided they have no one to blame but=20
themselves.</FONT></DIV>
<DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
<DIV style=3D"FONT: 10pt arial">----- Original Message -----=20
<DIV style=3D"BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> <A=20
title=3DCwyndham@aol.com =
href=3D"mailto:Cwyndham@aol.com">Cwyndham@aol.com</A>=20
</DIV>
<DIV><B>To:</B> <A title=3Dcanslim@lists.xmission.com=20
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
 </DIV>
<DIV><B>Sent:</B> Tuesday, September 03, 2002 9:48 PM</DIV>
<DIV><B>Subject:</B> Re: [CANSLIM] Why Professionals go =
astray</DIV></DIV>
<DIV><BR></DIV><FONT face=3Darial,helvetica><FONT lang=3D0 face=3DArial =
size=3D2=20
FAMILY=3D"SANSSERIF">In a message dated 9/3/2002 7:35:47 PM Central =
Daylight Time,=20
<A href=3D"mailto:stkguru@bellsouth.net">stkguru@bellsouth.net</A> =
writes:<BR><BR>
<BLOCKQUOTE=20
style=3D"PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #0000ff 2px =
solid; MARGIN-RIGHT: 0px"=20
TYPE=3D"CITE"><BR>Katherine, as late as 1992, I still had access to the =
big=20
  maroon books with<BR>five year, log charts from WON services. In the =
front of=20
  those books was a<BR>20 or so year chart of his picks vs the major =
indexes,=20
  along with yearly<BR>performance compared to those same=20
indexes</BLOCKQUOTE>.</FONT><FONT lang=3D0 style=3D"BACKGROUND-COLOR: =
#ffffff"=20
face=3DArial color=3D#000000 size=3D2 =
FAMILY=3D"SANSSERIF"><BR><BR></FONT><FONT lang=3D0=20
style=3D"BACKGROUND-COLOR: #ffffff" face=3DArial color=3D#000000 =
size=3D2=20
FAMILY=3D"SANSSERIF">Tom, What I see here is that 10 years ago you&nbsp; =
saw a 20=20
year old chart. I don't understand what I'm missing. If the data is good =
why=20
don't they publish it. It's hard to be told that everyone in the =
business is bad=20
and the numbers are no good but when I ask a direct question I get "you =
just got=20
to believe."<BR><BR>Again, are you folks pulling my=20
leg?<BR><BR>Wyndy<BR><BR></FONT><FONT lang=3D0 =
style=3D"BACKGROUND-COLOR: #ffffff"=20
face=3DArial color=3D#000000 size=3D2=20
FAMILY=3D"SANSSERIF"><BR><BR></FONT></FONT></BODY></HTML>

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