Go to Jeff Salisbury LWGate Home Page.From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Re: Info Overload [CANSLIM] (was: Volume and CWH (was M))
Date: Tue, 26 Nov 2002 11:57:37 -0600
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This is a multi-part message in MIME format. - ------=_NextPart_000_007D_01C29543.03475870 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Sol, I've been a full time investor since '99 and until a week ago, when I = agreed to go into business with Mike Gibbons, found it easiest to tell = my friends I was "retired." The minute I've tried to explain that I = manage my own money full time, most folks' eyes glaze over. So, I look = at investing as a job and devote my time to it during market hours. On = the other hand, I don't spend all that time trading or researching = stocks, but instead, use it for more general study of the markets and on = refining my strategies. I don't think it's realistic to think that any = individual investor could do a decent job of CANSLIM investing in 15 = minutes a day, but I think the process can be pared down so that the = basic work is done in say, 30 minutes a day plus a few hours each = weekend. I think the secret is to have a very methodical process that = works effectively for the individual, good tools to support that = methodology, and a darned good understanding of what makes a stock a = good CANSLIM candidate. In good markets, it's common that you might find = 80 or 100 very good stocks, but not all of those will be setting up = simultaneously for breakout from one week to the next, so technicals = tend to be a very effective way of narrowing the possibilities for = trades in the upcoming week, and then good sorting/filtering techniques = will help to put a meaningful sort on the possible candidates so that = you can do a more extended due diligence only on the top 5 or 10. My theory on info overload is that learning and understanding work in = continuous cycles. Early in the cycle, everything is new and everything = is seemingly important. That's the part of the cycle where I'll open up = and seek out all possible sources of data, tools, etc., and the part I = consider to be the chaos stage. As my understanding becomes better, one = by one I can drop the excess resources and extra tasks so that it allows = me to concentrate, focus and clearly understand the new info. During = this stage, I am conscientious about what I call "noise" and will = steadfastly eliminate anything that is non-value add. A few years ago I = did that with investing resources. I dropped my subscription to the WSJ = (after nearly 25 years), all business magazines and the couple of = investment newsletters that I used. I kept only my subscription to the = IBD, and in fact, renewed it for 3 years. I then set about to more fully = use the paid tools that I was using such as DGO and Vectorvest. From = chaos came a true simplicity. It's easy for me to differentiate now = between valuable info and noise, and I think that's an outgrowth of the = simplicity and understanding. As with all cycles, however, it is never = ending. As soon as I find simplicity, it's time to start a new cycle--I = open back up and seek out new resources, go through the chaos, the = understanding, and then the simplicity again. At least it keeps life = interesting!! Katherine ----- Original Message -----=20 From: Sol Mayer=20 To: canslim@lists.xmission.com=20 Sent: Tuesday, November 26, 2002 8:59 AM Subject: Re: [CANSLIM] Volume and CWH (was M) i'VE BEEN READING YOUR LATEST POSTINGS.=20 How long do you spend a day on this? Is this your occupation?also do = you find you get info overload? (that's the way I feel right now)=20 =20 - ------=_NextPart_000_007D_01C29543.03475870 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable <!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML xmlns:o =3D "urn:schemas-microsoft-com:office:office" xmlns:st1 = =3D=20 "urn:schemas-microsoft-com:office:smarttags"><HEAD> <META http-equiv=3DContent-Type content=3D"text/html; = charset=3Diso-8859-1"> <META content=3D"MSHTML 6.00.2800.1126" name=3DGENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=3D#ffffff> <DIV>Hi Sol,</DIV> <DIV> </DIV> <DIV>I've been a full time investor since '99 and until a week ago, when = I=20 agreed to go into business with Mike Gibbons, found it easiest to = tell my=20 friends I was "retired." The minute I've tried to explain that I manage = my own=20 money full time, most folks' eyes glaze over. So, I look at investing as = a job=20 and devote my time to it during market hours. On the other hand, I don't = spend=20 all that time trading or researching stocks, but instead, use it for = more=20 general study of the markets and on refining my strategies. I don't = think it's=20 realistic to think that any individual investor could do a decent job of = CANSLIM=20 investing in 15 minutes a day, but I think the process can be pared = down so=20 that the basic work is done in say, 30 minutes a day plus a few hours = each=20 weekend. I think the secret is to have a very methodical process that = works=20 effectively for the individual, good tools to support that methodology, = and a=20 darned good understanding of what makes a stock a good CANSLIM = candidate. In=20 good markets, it's common that you might find 80 or 100 very good = stocks, but=20 not all of those will be setting up simultaneously for breakout from one = week to=20 the next, so technicals tend to be a very effective way of narrowing the = possibilities for trades in the upcoming week, and then good = sorting/filtering=20 techniques will help to put a meaningful sort on the possible candidates = so that=20 you can do a more extended due diligence only on the top 5 or 10.</DIV> <DIV> </DIV> <DIV>My theory on info overload is that learning and understanding work = in=20 continuous cycles. Early in the cycle, everything is new and everything = is=20 seemingly important. That's the part of the cycle where I'll open up and = seek=20 out all possible sources of data, tools, etc., and the part I consider = to be the=20 chaos stage. As my understanding becomes better, one by one I can drop = the=20 excess resources and extra tasks so that it allows me to concentrate, = focus and=20 clearly understand the new info. During this stage, I am conscientious = about=20 what I call "noise" and will steadfastly eliminate anything that is = non-value=20 add. A few years ago I did that with investing resources. I dropped = my=20 subscription to the WSJ (after nearly 25 years), all business magazines = and the=20 couple of investment newsletters that I used. I kept only my = subscription to the=20 IBD, and in fact, renewed it for 3 years. I then set about to more fully = use the=20 paid tools that I was using such as DGO and Vectorvest. From chaos came = a true=20 simplicity. It's easy for me to differentiate now between valuable info = and=20 noise, and I think that's an outgrowth of the simplicity and = understanding. As=20 with all cycles, however, it is never ending. As soon as I find = simplicity, it's=20 time to start a new cycle--I open back up and seek out new resources, go = through=20 the chaos, the understanding, and then the simplicity again. At least it = keeps=20 life interesting!!</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=3Dsmaye1211@yahoo.com href=3D"mailto:smaye1211@yahoo.com">Sol = Mayer</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> Tuesday, November 26, = 2002 8:59=20 AM</DIV> <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] Volume = and CWH=20 (was M)</DIV> <DIV><BR></DIV> <P>i'VE BEEN READING YOUR LATEST POSTINGS.=20 <P>How long do you spend a day on this? Is this your occupation?also = do you=20 find you get info overload? (that's the way I feel right now)=20 <P> </P></BLOCKQUOTE></BODY></HTML> - ------=_NextPart_000_007D_01C29543.03475870-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
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