Re: [CANSLIM] IBD

From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] IBD
Date: Sun, 24 Nov 2002 05:21:21 -0500
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Top of Thread: [CANSLIM] IBD "Mark Kerson"
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Welcome to the group, Mark, it is also a good place to learn.

I agree with you that IBD can teach, and consider it a much better =
source for the individual investor than WSJ, Fortune, Barrons, or just =
about any other financial periodical.  I have not been a user for six or =
seven years primarily due lack of time, and lack of need. On the other =
hand, if I had an hour a day to spare, I would enjoy using that time to =
read IBD.

Much of the source of the negativity about IBD (and DGO, both WON =
products) stems from the heavy handed use of their lawyers against =
members of this group that have done nothing but promote the value of =
both products. A particular gripe many have had with IBD, including =
myself, is that some of their employees mine this group for ideas, then =
use them in the paper (this is now prohibited by the terms of membership =
in this group, but remains to be seen if it will be honored). A final =
gripe with the paper is that they have often appeared to be redefining =
WON's teachings, or else showing the readers how they should have known =
to buy or sell a stock, but doing so months or years after the fact =
rather than before this action is already shown to have been the right =
one.

The good thing about the stock market is that it is bigger than all of =
us combined, so none of us can take responsibility for making it fall =
for the past two years!!

- ----- Original Message -----=20
From: Mark Kerson=20
To: canslim@lists.xmission.com=20
Sent: Saturday, November 23, 2002 10:44 PM
Subject: [CANSLIM] IBD


Hi, my name is Mark. I have been reading -studying really- IBD's system =
for about two years.=20

=20

I have been monitoring this list for some months now.

=20

I feel compelled to say something about my experience with IBD after =
reading what seems like a general undercurrent of negativity about the =
paper on this site. Not everyone to be sure, but several people seem to =
have a distain for it that I simply don't understand.=20

=20

I love the paper, I love the books, and I love the web site. Honestly. =
as corny as that sounds, every day I wake up early so I can read my =
paper and learn more about stocks. I am enormously grateful to have =
found it. I began searching about four years ago for a way to understand =
stocks. It was a complete mystery to me; I had never bought a stock, I =
did not know the slightest thing about how or why to buy or sell.  To =
give you an idea of just how little I knew; I did not even know where to =
buy a share of stock if I wanted to. The more I read about the process =
in the sources that were available to me, the less I understood. My head =
was swimming with conflicting information. I tried taking an online =
course with one company, only to feel even dumber. I read some books. I =
tried a college course. I spoke with friends. I read business =
newspapers. All of it was a complete waste of time.=20

=20

Then I came across IBD. It was like lightning stuck. Of course I did not =
understand much of what was being said, but reading what they offered it =
was clear to me -on an intuitive level- that this was what I was looking =
for. The tone was matter of fact, and it said, over and over again, that =
I could do it, that it was not rocket science, and that they would help. =
They said it was going to take study and effort, but that it absolutely =
could be mastered, and they were right.=20

=20

So, every day, I read the paper and the books and the on line =
information and feel delighted that the company exists. The cost seems =
insignificant for the product offered; and I say this having not made =
any money (actually I have lost some) and not being a rich man. I =
realize that my timing was exactly at the beginning of the two+ year =
market decline. (In fact I feel personally responsible for it, having =
made the decision to learn about stocks, it seems to me, is the very =
reason the markets have declined.).  And I am completely convinced that =
when the market turns (which it seems to have done, at least for the =
time being) that I will profit from my efforts. When this happens I will =
have only IBD to thank for my success.=20

=20

So, I wanted to put my two cents into the pot and offer another view =
from the one I hear most often expressed on in this forum.=20

=20

Also, I would like to thank everyone on this list for all of the =
insights and information offered. Reading your comments and ideas has =
helped me a great deal.=20

=20

I wish everyone a great Thanksgiving.=20

Mark=20

=20

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<DIV><FONT face=3DArial>Welcome to the group, Mark, it is also a good =
place to=20
learn.</FONT></DIV>
<DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial>I agree with you that IBD can teach, and =
consider it a=20
much better source for the individual investor than WSJ, Fortune, =
Barrons, or=20
just about any other financial periodical.&nbsp; I have not been a user =
for six=20
or seven years primarily due lack of time, and lack of need. On the =
other hand,=20
if I had an hour a day to spare, I would enjoy using that time to read=20
IBD.</FONT></DIV>
<DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial>Much of the source of the negativity about IBD =
(and DGO,=20
both WON products) stems from the heavy handed use of their lawyers =
against=20
members of this group that have done nothing but promote the value of =
both=20
products. A particular gripe many have had with IBD, including myself, =
is that=20
some of their employees mine this group for ideas, then use them in the =
paper=20
(this is now prohibited by the terms of membership in this group, but =
remains to=20
be seen if it will be honored). A final gripe with the paper is that =
they have=20
often appeared to be redefining WON's teachings, or else showing the =
readers how=20
they should have known to buy or sell a stock, but doing so months or =
years=20
after the fact rather than before this action is already shown to have =
been the=20
right one.</FONT></DIV>
<DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial>The good thing about the stock market is that it =
is bigger=20
than all of us combined, so none of us can take responsibility for =
making it=20
fall for the past two years!!</FONT></DIV>
<DIV>&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=3Dmkerson@dplus.net href=3D"mailto:mkerson@dplus.net">Mark =
Kerson</A> </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> Saturday, November 23, 2002 10:44 PM</DIV>
<DIV><B>Subject:</B> [CANSLIM] IBD</DIV></DIV>
<DIV><BR></DIV>
<DIV class=3DSection1>
<P class=3DMsoNormal><SPAN class=3DEmailStyle17><FONT face=3D"Tempus =
Sans ITC"=20
color=3Dpurple size=3D4><SPAN=20
style=3D"FONT-SIZE: 14pt; mso-bidi-font-size: 12.0pt">Hi, my name is =
Mark. I have=20
been reading -studying really- IBD=92s system for about two years.=20
<o:p></o:p></SPAN></FONT></SPAN></P>
<P class=3DMsoNormal><SPAN class=3DEmailStyle17><FONT face=3D"Tempus =
Sans ITC"=20
color=3Dpurple size=3D4><SPAN style=3D"FONT-SIZE: 14pt; =
mso-bidi-font-size: 12.0pt"><![if =
!supportEmptyParas]><![endif]>&nbsp;<o:p></o:p></SPAN></FONT></SPAN></P>
<P class=3DMsoNormal><SPAN class=3DEmailStyle17><FONT face=3D"Tempus =
Sans ITC"=20
color=3Dpurple size=3D4><SPAN style=3D"FONT-SIZE: 14pt; =
mso-bidi-font-size: 12.0pt">I=20
have been monitoring this list for some months=20
now.<o:p></o:p></SPAN></FONT></SPAN></P>
<P class=3DMsoNormal><SPAN class=3DEmailStyle17><FONT face=3D"Tempus =
Sans ITC"=20
color=3Dpurple size=3D4><SPAN style=3D"FONT-SIZE: 14pt; =
mso-bidi-font-size: 12.0pt"><![if =
!supportEmptyParas]><![endif]>&nbsp;<o:p></o:p></SPAN></FONT></SPAN></P>
<P class=3DMsoNormal><SPAN class=3DEmailStyle17><FONT face=3D"Tempus =
Sans ITC"=20
color=3Dpurple size=3D4><SPAN style=3D"FONT-SIZE: 14pt; =
mso-bidi-font-size: 12.0pt">I=20
feel compelled to say something about my experience with IBD after =
reading what=20
seems like a general undercurrent of negativity about the paper on this =
site.=20
Not everyone to be sure, but several people seem to have a distain for =
it that I=20
simply don=92t understand. <o:p></o:p></SPAN></FONT></SPAN></P>
<P class=3DMsoNormal><SPAN class=3DEmailStyle17><FONT face=3D"Tempus =
Sans ITC"=20
color=3Dpurple size=3D4><SPAN style=3D"FONT-SIZE: 14pt; =
mso-bidi-font-size: 12.0pt"><![if =
!supportEmptyParas]><![endif]>&nbsp;<o:p></o:p></SPAN></FONT></SPAN></P>
<P class=3DMsoNormal><SPAN class=3DEmailStyle17><FONT face=3D"Tempus =
Sans ITC"=20
color=3Dpurple size=3D4><SPAN style=3D"FONT-SIZE: 14pt; =
mso-bidi-font-size: 12.0pt">I=20
love the paper, I love the books, and I love the web site. Honestly=85 =
as corny as=20
that sounds, every day I wake up early so I can read my paper and learn =
more=20
about stocks. I am enormously grateful to have found it. I began =
searching about=20
four years ago for a way to understand stocks. It was a complete mystery =
to me;=20
I had never bought a stock, I did not know the slightest thing about how =
or why=20
to buy or sell. <SPAN style=3D"mso-spacerun: yes">&nbsp;</SPAN>To give =
you an idea=20
of just how little I knew; I did not even know where to buy a share of =
stock if=20
I wanted to. The more I read about the process in the sources that were=20
available to me, the less I understood. My head was swimming with =
conflicting=20
information. I tried taking an online course with one company, only to =
feel even=20
dumber. I read some books. I tried a college course. I spoke with =
friends. I=20
read business newspapers. All of it was a complete waste of time.=20
<o:p></o:p></SPAN></FONT></SPAN></P>
<P class=3DMsoNormal><SPAN class=3DEmailStyle17><FONT face=3D"Tempus =
Sans ITC"=20
color=3Dpurple size=3D4><SPAN style=3D"FONT-SIZE: 14pt; =
mso-bidi-font-size: 12.0pt"><![if =
!supportEmptyParas]><![endif]>&nbsp;<o:p></o:p></SPAN></FONT></SPAN></P>
<P class=3DMsoNormal><SPAN class=3DEmailStyle17><FONT face=3D"Tempus =
Sans ITC"=20
color=3Dpurple size=3D4><SPAN=20
style=3D"FONT-SIZE: 14pt; mso-bidi-font-size: 12.0pt">Then I came across =
IBD. It=20
was like lightning stuck. Of course I did not understand much of what =
was being=20
said, but reading what they offered it was clear to me -on an intuitive =
level-=20
that this was what I was looking for. The tone was matter of fact, and =
it said,=20
over and over again, that I could do it, that it was not rocket science, =
and=20
that they would help. They said it was going to take study and effort, =
but that=20
it absolutely could be mastered, and they were right.=20
<o:p></o:p></SPAN></FONT></SPAN></P>
<P class=3DMsoNormal><SPAN class=3DEmailStyle17><FONT face=3D"Tempus =
Sans ITC"=20
color=3Dpurple size=3D4><SPAN style=3D"FONT-SIZE: 14pt; =
mso-bidi-font-size: 12.0pt"><![if =
!supportEmptyParas]><![endif]>&nbsp;<o:p></o:p></SPAN></FONT></SPAN></P>
<P class=3DMsoNormal><SPAN class=3DEmailStyle17><FONT face=3D"Tempus =
Sans ITC"=20
color=3Dpurple size=3D4><SPAN=20
style=3D"FONT-SIZE: 14pt; mso-bidi-font-size: 12.0pt">So, every day, I =
read the=20
paper and the books and the on line information and feel delighted that =
the=20
company exists. The cost seems insignificant for the product offered; =
and I say=20
this having not made any money (actually I have lost some) and not being =
a rich=20
man. I realize that my timing was exactly at the beginning of the two+ =
year=20
market decline. (</SPAN></FONT></SPAN><SPAN class=3DEmailStyle17><FONT=20
color=3Dpurple size=3D2><SPAN style=3D"FONT-SIZE: 11pt; =
mso-bidi-font-size: 12.0pt">In=20
fact I feel personally responsible for it, having made the decision to =
learn=20
about stocks, it seems to me, is the very reason the markets have=20
declined.)</SPAN></FONT></SPAN><SPAN class=3DEmailStyle17><FONT =
color=3Dpurple=20
size=3D4><SPAN style=3D"FONT-SIZE: 14pt; mso-bidi-font-size: 12.0pt">. =
<SPAN=20
style=3D"mso-spacerun: yes">&nbsp;</SPAN>And I am completely convinced =
that when=20
the market turns (which it seems to have done, at least for the time =
being) that=20
I will profit from my efforts. When this happens I will have only IBD to =
thank=20
for my success. <o:p></o:p></SPAN></FONT></SPAN></P>
<P class=3DMsoNormal><SPAN class=3DEmailStyle17><FONT face=3D"Tempus =
Sans ITC"=20
color=3Dpurple size=3D4><SPAN style=3D"FONT-SIZE: 14pt; =
mso-bidi-font-size: 12.0pt"><![if =
!supportEmptyParas]><![endif]>&nbsp;<o:p></o:p></SPAN></FONT></SPAN></P>
<P class=3DMsoNormal><SPAN class=3DEmailStyle17><FONT face=3D"Tempus =
Sans ITC"=20
color=3Dpurple size=3D4><SPAN=20
style=3D"FONT-SIZE: 14pt; mso-bidi-font-size: 12.0pt">So, I wanted to =
put my two=20
cents into the pot and offer another view from the one I hear most often =

expressed on in this forum. <o:p></o:p></SPAN></FONT></SPAN></P>
<P class=3DMsoNormal><SPAN class=3DEmailStyle17><FONT face=3D"Tempus =
Sans ITC"=20
color=3Dpurple size=3D4><SPAN style=3D"FONT-SIZE: 14pt; =
mso-bidi-font-size: 12.0pt"><![if =
!supportEmptyParas]><![endif]>&nbsp;<o:p></o:p></SPAN></FONT></SPAN></P>
<P class=3DMsoNormal><SPAN class=3DEmailStyle17><FONT face=3D"Tempus =
Sans ITC"=20
color=3Dpurple size=3D4><SPAN=20
style=3D"FONT-SIZE: 14pt; mso-bidi-font-size: 12.0pt">Also, I would like =
to thank=20
everyone on this list for all of the insights and information offered. =
Reading=20
your comments and ideas has helped me a great deal.=20
<o:p></o:p></SPAN></FONT></SPAN></P>
<P class=3DMsoNormal><SPAN class=3DEmailStyle17><FONT face=3D"Tempus =
Sans ITC"=20
color=3Dpurple size=3D4><SPAN style=3D"FONT-SIZE: 14pt; =
mso-bidi-font-size: 12.0pt"><![if =
!supportEmptyParas]><![endif]>&nbsp;<o:p></o:p></SPAN></FONT></SPAN></P>
<P class=3DMsoNormal><SPAN class=3DEmailStyle17><FONT face=3D"Tempus =
Sans ITC"=20
color=3Dpurple size=3D4><SPAN style=3D"FONT-SIZE: 14pt; =
mso-bidi-font-size: 12.0pt">I=20
wish everyone a great Thanksgiving. <o:p></o:p></SPAN></FONT></SPAN></P>
<P class=3DMsoNormal><SPAN class=3DEmailStyle17><FONT face=3D"Tempus =
Sans ITC"=20
color=3Dpurple size=3D4><SPAN=20
style=3D"FONT-SIZE: 14pt; mso-bidi-font-size: 12.0pt">Mark=20
<o:p></o:p></SPAN></FONT></SPAN></P>
<P class=3DMsoNormal><FONT face=3D"Tempus Sans ITC" color=3Dblack =
size=3D3><SPAN=20
style=3D"FONT-SIZE: 12pt; COLOR: black"><![if =
!supportEmptyParas]><![endif]>&nbsp;</SPAN></FONT><FONT=20
color=3Dblack><SPAN=20
style=3D"COLOR: black; mso-color-alt: =
windowtext"><o:p></o:p></SPAN></FONT></P></DIV></BODY></HTML>

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