Go to Jeff Salisbury LWGate Home Page.From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Re: Fw: [CANSLIM] For Tom W.
Date: Mon, 9 Sep 2002 10:35:43 -0500
Previous Article (by Author): [CANSLIM] CANSLIM List FAQ "Katherine Malm"
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Wyndy,
You should reread your market history, economics history and resources =
on all investing styles. Truth and reality are in the eye of the =
beholder. Simply because the wavers have been "right" the last couple of =
years doesn't mean they've always been "right." The point was simply =
that it is easy for people to latch onto a style or approach to =
investing and say that it is "the only way" when it works currently. =
History is littered with failed investors who did not understand that =
all methods do not work in all markets. If you'd actually read my =
comments, you would have realized that I was saying that it is important =
to have a balanced view when evaluating *any* text. The idea that the US =
would fall into a protracted deflationary depression is debatable. I =
consider those who insist that this is a given are "doom and gloomers." =
I also consider those who think the market will make 40000 are "eternal =
optimists."
As to "staying out of the market" that's your business. You could have =
stayed out since March 2000 all together and simply shorted, riding the =
down wave, or you could have riden the intermediate term waves *both* up =
and down since then. A very successful strategy for many has been to =
ride CANSLIM during the brief upwaves, and ridden anti-CANSLIM on the =
downwaves. "Calling" the market is the responsibility of the individual, =
not the IBD. I have no tolerance for people who blame their poor =
performance on WON, on fate, on the IBD, or on some other quasi-guru of =
their own making. Performance is and always has been the responsibility =
of the investor. Whether you invest it yourself or you choose an =
investment advisor, the bottom line is that *you* made the choice.=20
Just a couple of days ago, there was an "Ask Bill" in which the =
individual asked, "what's the point of reading IBD during a bear market =
when you suggest being in cash." His answer was that a Bear market is =
like the off-season and top athletes always use that off season to =
sharpen their skills. He also said that if you are not constantly =
prepared for action from one day to the next, that *when* the market =
turns, you will be left in the dust. He ended by stating that the =
difference between people who casually read the IBD and those that learn =
from it translated into 30% vs 300% returns in the 98-99 Bull. Let me =
just add that for those smart enough to "get" CANSLIM, they have not =
only hung on to those 300% returns, but have added to them in the last 2 =
years with low risk to boot.
As I've said before, if you don't think CANSLIM is useful to you...just =
don't hang out here. Not all of us who talk about CANSLIM as an =
investing style use it exclusively. The difference is that we are smart =
enough to realize that this is a CANSLIM discussion list and that's the =
topic at hand. The other difference is that smart people come here to =
learn, not to criticize or blow off steam.
Katherine
----- Original Message -----=20
From: Cwyndham@aol.com=20
To: canslim@lists.xmission.com=20
Sent: Monday, September 09, 2002 9:56 AM
Subject: Re: Fw: [CANSLIM] For Tom W.
Katherine is it doom and gloom or truth and reality? Is your vision =
clouded by the past? Certainly CANSLIM has been a losing strategy for =
most of those that have attemmpted it since mid 2000 (this I learned =
from private email sent to me by members of this group). Oh, you're =
going to say IBD said to stay out, well that's not true either. They've =
called several bottoms. Staying in cash just means that most all of the =
IBD faithful lost a fantastic opportunity to short the market, to say =
nothing about losing ground to stealth inflation. The wavers have been =
totally on the ball for the past 2+ years and their performance is =
public and well documented. You might check them out instead of lumping =
them with others and scoffing at them. Whereas IBD still hasn't =
responded to my registered letter. =20
Wyndy
In a message dated 9/8/2002 11:36:18 PM Central Daylight Time, =
kmalm@earthlink.net writes:
Hi Gene,
I was referring to Prechter's stance on stock cycles and doom and =
gloom based on Elliott Wave analysis, so was tongue-in-cheek suggesting =
an economics text to balance the view. (I think his "Tidal Wave" Bear =
book came out in 95 or 96. Add him to the stack with Ravi Batra "The =
Great Depression of 1990" and, just to be fair, "Dow 36000" and "Dow =
100000"). Either way, all things are possible.
Katherine
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<BODY bgColor=3D#ffffff>
<DIV>Wyndy,</DIV>
<DIV> </DIV>
<DIV>You should reread your market history, economics history and =
resources on=20
all investing styles. Truth and reality are in the eye of the beholder. =
Simply=20
because the wavers have been "right" the last couple of years doesn't =
mean=20
they've always been "right." The point was simply that it is easy for =
people to=20
latch onto a style or approach to investing and say that it is "the only =
way"=20
when it works currently. History is littered with failed investors who =
did not=20
understand that all methods do not work in all markets. If you'd =
actually read=20
my comments, you would have realized that I was saying that it is =
important to=20
have a balanced view when evaluating *any* text. The idea that the US =
would fall=20
into a protracted deflationary depression is debatable. I consider those =
who=20
insist that this is a given are "doom and gloomers." I also consider =
those who=20
think the market will make 40000 are "eternal optimists."</DIV>
<DIV> </DIV>
<DIV>As to "staying out of the market" that's your business. You could =
have=20
stayed out since March 2000 all together and simply shorted, riding the =
down=20
wave, or you could have riden the intermediate term waves *both* up and =
down=20
since then. A very successful strategy for many has been to ride CANSLIM =
during=20
the brief upwaves, and ridden anti-CANSLIM on the downwaves. "Calling" =
the=20
market is the responsibility of the individual, not the IBD. I have no =
tolerance=20
for people who blame their poor performance on WON, on fate, on the IBD, =
or on=20
some other quasi-guru of their own making. Performance is and always has =
been=20
the responsibility of the investor. Whether you invest it yourself =
or you=20
choose an investment advisor, the bottom line is that *you* made =
the=20
choice. </DIV>
<DIV> </DIV>
<DIV>Just a couple of days ago, there was an "Ask Bill" in which the =
individual=20
asked, "what's the point of reading IBD during a bear market when you =
suggest=20
being in cash." His answer was that a Bear market is like the off-season =
and top=20
athletes always use that off season to sharpen their skills. He also =
said that=20
if you are not constantly prepared for action from one day to the next, =
that=20
*when* the market turns, you will be left in the dust. He ended by =
stating that=20
the difference between people who casually read the IBD and those that =
learn=20
from it translated into 30% vs 300% returns in the 98-99 Bull. Let =
me just=20
add that for those smart enough to "get" CANSLIM, they have not only =
hung on to=20
those 300% returns, but have added to them in the last 2 years with low =
risk to=20
boot.</DIV>
<DIV> </DIV>
<DIV>As I've said before, if you don't think CANSLIM is useful to =
you...just=20
don't hang out here. Not all of us who talk about CANSLIM as an =
investing style=20
use it exclusively. The difference is that we are smart enough to =
realize that=20
this is a CANSLIM discussion list and that's the topic at hand. The =
other=20
difference is that smart people come here to learn, not to criticize or =
blow off=20
steam.</DIV>
<DIV> </DIV>
<DIV>Katherine</DIV>
<BLOCKQUOTE=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3DCwyndham@aol.com =
href=3D"mailto:Cwyndham@aol.com">Cwyndham@aol.com</A>=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Monday, September 09, =
2002 9:56=20
AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: Fw: [CANSLIM] For =
Tom=20
W.</DIV>
<DIV><BR></DIV><FONT face=3Darial,helvetica><FONT lang=3D0 =
face=3DArial size=3D2=20
FAMILY=3D"SANSSERIF">Katherine is it doom and gloom or truth and =
reality? Is=20
your vision clouded by the past? Certainly CANSLIM has been a losing =
strategy=20
for most of those that have attemmpted it since mid 2000 (this I =
learned=20
from private email sent to me by members of this group). Oh, you're =
going to=20
say IBD said to stay out, well that's not true either. They've called =
several=20
bottoms. Staying in cash just means that most all of the IBD =
faithful=20
lost a fantastic opportunity to short the market, to say nothing about =
losing=20
ground to stealth inflation. The wavers have been totally on the ball =
for the=20
past 2+ years and their performance is public and well documented. You =
might=20
check them out instead of lumping them with others and scoffing at =
them.=20
Whereas IBD still hasn't responded to my registered letter. =20
<BR><BR>Wyndy<BR><BR>In a message dated 9/8/2002 11:36:18 PM Central =
Daylight=20
Time, kmalm@earthlink.net writes:<BR><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>Hi Gene,<BR><BR>I was referring to Prechter's stance =
on=20
stock cycles and doom and gloom based on Elliott Wave analysis, so =
was=20
tongue-in-cheek suggesting an economics text to balance the view. (I =
think=20
his "Tidal Wave" Bear book came out in 95 or 96. Add him to the =
stack with=20
Ravi Batra "The Great Depression of 1990" and, just to be fair, "Dow =
36000"=20
and "Dow 100000"). Either way, all things are=20
=
possible.<BR><BR>Katherine<BR></BLOCKQUOTE><BR><BR></BLOCKQUOTE></FONT></=
FONT></BODY></HTML>
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Previous Article (by Author): [CANSLIM] CANSLIM List FAQ "Katherine Malm"
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