Go to Jeff Salisbury LWGate Home Page.From: Spencer48@aol.com
Subject: Re: [CANSLIM] Why Professionals go astray
Date: Wed, 4 Sep 2002 16:24:21 EDT
Next Article (by Date): RE: [CANSLIM] M "Edward W. Gjertsen II"
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Wyndy:
If WON's methods didn't work, he wouldn't be able to sell his paper or
his books or his seminars more than one or two times.
As far as data is concerned (I'm assuming that you mean WON's experience
in using his CANSLIM method), every day there are charts in IBD.com and in
the IBD paper that support and report the success in WON's CANSLIM. Now,
many believe that there are a lot of losers in those charts too (even though
CANSLIM methodology was used). And that is probably true. However, CANSLIM
is not a rose garden. The reason that WON notes to cut losses short (at 7 or
8% at the most) is that (I believe) he is suggesting that no stock-market
method (even CANSLIM) is infallible.
Regarding Stan Weinstein's book: Katherine hit it on the nose. Whether
or not a book is useful depends as much on the reader as on the author.
Objectively, though, Weinstein wrote (in my opinion) a valuable book on the
technical tools he thought most important. The fact that in the 90s his
system did poorly reflects, I believe, less on the merit of his technical
tools, then the bubble-aciousness of the market.
jans
In a message dated 9/3/2002 9:49:57 PM Eastern Daylight Time,
Cwyndham@aol.com writes:
<< 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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