Go to Jeff Salisbury LWGate Home Page.From: "david frank" <camelot.homes@charter.net>
Subject: Re: Fw: [CANSLIM] For Tom W.
Date: Mon, 9 Sep 2002 13:55:34 -0500
Next Article (by Subject): Re: [CANSLIM] Cash "J. Lobatto"
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Katherine, No one could have said this better!!!. Just continue trading, =
that is what counts. Not what people say here. David
----- Original Message -----=20
From: Katherine Malm=20
To: canslim@lists.xmission.com=20
Sent: Monday, September 09, 2002 10:35 AM
Subject: Re: Fw: [CANSLIM] For Tom W.
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><FONT face=3DArial size=3D2>Katherine, No one could have said this =
better!!!.=20
Just continue trading, that is what counts. Not what people say here.=20
David</FONT></DIV>
<BLOCKQUOTE dir=3Dltr=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=3Dkmalm@earthlink.net =
href=3D"mailto:kmalm@earthlink.net">Katherine=20
Malm</A> </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 10:35=20
AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: Fw: [CANSLIM] For =
Tom=20
W.</DIV>
<DIV><BR></DIV>
<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=20
to latch onto a style or approach to investing and say that it is "the =
only=20
way" when it works currently. History is littered with failed =
investors who=20
did not understand that all methods do not work in all markets. If =
you'd=20
actually read my comments, you would have realized that I was saying =
that it=20
is important to have a balanced view when evaluating *any* text. The =
idea that=20
the US would fall into a protracted deflationary depression is =
debatable. I=20
consider those who insist that this is a given are "doom and =
gloomers." I also=20
consider those who think the market will make 40000 are "eternal=20
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=20
during the brief upwaves, and ridden anti-CANSLIM on the downwaves. =
"Calling"=20
the market is the responsibility of the individual, not the IBD. I =
have no=20
tolerance for people who blame their poor performance on WON, on fate, =
on the=20
IBD, or on some other quasi-guru of their own making. Performance is =
and=20
always has been the responsibility of the investor. Whether you invest =
it=20
yourself or you choose an investment advisor, the bottom line is=20
that *you* made the choice. </DIV>
<DIV> </DIV>
<DIV>Just a couple of days ago, there was an "Ask Bill" in which the=20
individual asked, "what's the point of reading IBD during a bear =
market when=20
you suggest being in cash." His answer was that a Bear market is like =
the=20
off-season and top athletes always use that off season to sharpen =
their=20
skills. He also said that if you are not constantly prepared for =
action from=20
one day to the next, that *when* the market turns, you will be left in =
the=20
dust. He ended by stating that the difference between people who =
casually read=20
the IBD and those that learn from it translated into 30% vs 300% =
returns=20
in the 98-99 Bull. Let me just add that for those smart enough to =
"get"=20
CANSLIM, they have not only hung on to those 300% returns, but have =
added to=20
them in the last 2 years with low risk to 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=20
style use it exclusively. The difference is that we are smart enough =
to=20
realize that this is a CANSLIM discussion list and that's the topic at =
hand.=20
The other difference is that smart people come here to learn, not to =
criticize=20
or blow off 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=20
href=3D"mailto:Cwyndham@aol.com">Cwyndham@aol.com</A> </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>=
=20
</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 for most of those that have attemmpted it since mid =
2000=20
(this I learned from private email sent to me by members of this =
group). Oh,=20
you're going to say IBD said to stay out, well that's not true =
either.=20
They've called several bottoms. Staying in cash just means =
that most=20
all of the IBD faithful lost a fantastic opportunity to short the =
market, to=20
say nothing about losing ground to stealth inflation. The wavers =
have been=20
totally on the ball for the past 2+ years and their performance is =
public=20
and well documented. You might check them out instead of lumping =
them with=20
others and scoffing at them. Whereas IBD still hasn't responded to =
my=20
registered letter. <BR><BR>Wyndy<BR><BR>In a message dated =
9/8/2002=20
11:36:18 PM Central Daylight 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=20
36000" and "Dow 100000"). Either way, all things are=20
=
possible.<BR><BR>Katherine<BR></BLOCKQUOTE><BR><BR></BLOCKQUOTE></BLOCKQU=
OTE></FONT></FONT></BODY></HTML>
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Next Article (by Subject): Re: [CANSLIM] Cash "J. Lobatto"
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