Re: [CANSLIM] NXTL, SXT

From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] NXTL, SXT
Date: Fri, 6 Dec 2002 08:38:41 -0500
Next Article (by Author): Re: [CANSLIM] Fundamental Philosophies "Tom Worley"
Previous Article (by Author): RE: Fundamental Philosophies (was: [CANSLIM] NXTL, SXT) "Katherine Malm"
Articles sorted by: [Date] [Author] [Subject]
This is a multi-part message in MIME format.

- ------=_NextPart_000_006C_01C29D02.E13445F0
Content-Type: text/plain;
	charset="iso-8859-1"
Content-Transfer-Encoding: quoted-printable

interesting point of view, Andy. In contrast to Katherine, I am a =
fundies first type, only after I see what I like there do I start =
examining the technicals. On the other hand, to get a list of stocks to =
examine, I typically use a list of stocks hitting new highs (e.g. =
someone else likes them well enough to actually buy them and drive the =
price up), so maybe I am starting with technicals, switching to fundies, =
then back to different technicals.

But bottom line, I have bought a number of stocks where the technicals =
were not right at the time, but the fundies were what I looked for. I =
had confidence that, in time, the fundies would bring the technicals =
into line where those looking first for technicals would become buyers, =
and make me a nice profit. More times than not this worked out, but I =
think you need to be a long term investor for this attitude to be =
profitable.


- ----- Original Message -----=20
From: AJAskey@aol.com=20
To: canslim@lists.xmission.com=20
Sent: Friday, December 06, 2002 8:21 AM
Subject: Re: [CANSLIM] NXTL, SXT


Katherine,

My thought is the fundies don't make a bit of difference of the first =
10-20% of the move.  When "M" is bad very little works no matter what =
the fundies are.  When "M" is cooking everything works no matter what =
the fundies are.  CANSLIM attempts to separate those stocks capable of =
making the 20-1500% move from those that can't.

Many appear to get sucked in during a good "M" to buying only from a =
good base.  This works fine but it is tougher to make a reasonable long =
term return making only 20% on each positive buy while losing 8% on each =
negative buy and then staying in cash during the bad "M".   If I were to =
make 500% during a good bull run I would have less temptation to try to =
make up for missing the big moves in a bad "M" when I only turned =
several 20% gainers into 100% return during the bull.

Andy

In a message dated 12/5/2002 11:27:03 PM Central Standard Time, =
kmalm@earthlink.net writes:



  To Curt's original point, each investor has to find a meaningful set =
of rules to follow within a set of style guidelines (in this case, =
CANSLIM), trade by them, and then adjust as necessary as they learn from =
their post analysis.



- ------=_NextPart_000_006C_01C29D02.E13445F0
Content-Type: text/html;
	charset="iso-8859-1"
Content-Transfer-Encoding: quoted-printable

<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
<HTML><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><FONT face=3DArial>interesting point of view, Andy. In contrast to =
Katherine,=20
I am a fundies first type, only after I see what I like there do I start =

examining the technicals. On the other hand, to get a list of stocks to =
examine,=20
I typically use a list of stocks hitting new highs (e.g. someone else =
likes them=20
well enough to actually buy them and drive the price up), so maybe I am =
starting=20
with technicals, switching to fundies, then back to different=20
technicals.</FONT></DIV>
<DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial>But bottom line, I have bought a number of =
stocks where=20
the technicals were not right at the time, but the fundies were what I =
looked=20
for. I had confidence that, in time, the fundies would bring the =
technicals into=20
line where those looking first for technicals would become buyers, and =
make me a=20
nice profit. More times than not this worked out, but I think you need =
to be a=20
long term investor for this attitude to be profitable.</FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV><FONT face=3DArial></FONT>&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=3DAJAskey@aol.com =
href=3D"mailto:AJAskey@aol.com">AJAskey@aol.com</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> Friday, December 06, 2002 8:21 AM</DIV>
<DIV><B>Subject:</B> Re: [CANSLIM] NXTL, SXT</DIV></DIV>
<DIV><BR></DIV><FONT face=3Darial,helvetica><FONT =
size=3D2>Katherine,<BR><BR>My=20
thought is the fundies don't make a bit of difference of the first =
10-20% of the=20
move.&nbsp; When "M" is bad very little works no matter what the fundies =

are.&nbsp; When "M" is cooking everything works no matter what the =
fundies=20
are.&nbsp; CANSLIM attempts to separate those stocks capable of making =
the=20
20-1500% move from those that can't.<BR><BR>Many appear to get sucked in =
during=20
a good "M" to buying only from a good base.&nbsp; This works fine but it =
is=20
tougher to make a reasonable long term return making only 20% on each =
positive=20
buy while losing 8% on each negative buy and then staying in cash during =
the bad=20
"M".&nbsp;&nbsp; If I were to make 500% during a good bull run I would =
have less=20
temptation to try to make up for missing the big moves in a bad "M" when =
I only=20
turned several 20% gainers into 100% return during the=20
bull.<BR><BR>Andy<BR><BR>In a message dated 12/5/2002 11:27:03 PM =
Central=20
Standard 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">To Curt's original point, each investor has to find a =
meaningful=20
  set of rules to follow within a set of style guidelines (in this case, =

  CANSLIM), trade by them, and then adjust as necessary as they learn =
from their=20
  post analysis.<BR></BLOCKQUOTE><BR><BR></FONT></FONT></BODY></HTML>

- ------=_NextPart_000_006C_01C29D02.E13445F0--



- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim".  Do not use quotes in your email.
Go to Jeff Salisbury LWGate Home Page.