Go to Jeff Salisbury LWGate Home Page.From: "David Taggart" <dctag@mavericktrading.com>
Subject: RE: Fundamental Philosophies (was: [CANSLIM] NXTL, SXT)
Date: Fri, 6 Dec 2002 07:38:53 -0700
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My absolutes are Earnings growth, RS, the sector, and Overall chart. Of
course the most important part is a stop order.
David Taggart
-----Original Message-----est bu
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm
Sent: Friday, December 06, 2002 7:30 AM
To: canslim@lists.xmission.com
Subject: RE: Fundamental Philosophies (was: [CANSLIM] NXTL, SXT)
Hi Andy,
Once again, I agree with you. No doubt that the greatest gains to be made
during a Bear are on the short side, but careful selection of stocks with
solid fundamentals and technicals for long positions while the Market is in
rally mode during a Bear also offer up good returns. The *same* discipline
in selection translates well in a solid Bull, because careful selection
using the same methodology makes the difference between 30% and 300%
returns.
The challenge is to find what set of fundamental criteria (both forward
and backward looking) constitutes "a good stock" and for each individual,
that set of rules or guidelines is going to be a bit different. The key is
"set of rules" to be followed without exception but that can be modified as
the investor learns from their past mistakes. My argument was simply that a
set of fundamental rules that is overly restrictive does not necessarily
translate into "a good stock" or consistent returns. Dave L has posted a
good email that addresses that very issue. That is, what is a go/no go
within the CANSLIM style? Will we find consistencies across the board in
some areas? If you were to pare down WON's work, what are the absolutes?
Katherine
-----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of AJAskey@aol.com
Sent: Friday, December 06, 2002 7:22 AM
To: canslim@lists.xmission.com
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.
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<DIV><FONT face=3DArial color=3D#0000ff size=3D2><SPAN =
class=3D361553614-06122002>My=20
absolutes are Earnings growth, RS, the sector, and Overall chart. =
Of=20
course the most important part is a stop order. =
</SPAN></FONT></DIV>
<DIV><FONT face=3DArial color=3D#0000ff size=3D2><SPAN =
class=3D361553614-06122002>David=20
Taggart</DIV>
<BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
<DIV class=3DOutlookMessageHeader dir=3Dltr align=3Dleft><FONT =
face=3DTahoma=20
size=3D2>-----Original Message-----</FONT>est bu</SPAN></FONT><FONT =
face=3DTahoma=20
size=3D2><BR><B>From:</B> owner-canslim@lists.xmission.com=20
[mailto:owner-canslim@lists.xmission.com]<B>On Behalf Of </B>Katherine =
Malm<BR><B>Sent:</B> Friday, December 06, 2002 7:30 AM<BR><B>To:</B>=20
canslim@lists.xmission.com<BR><B>Subject:</B> RE: Fundamental =
Philosophies=20
(was: [CANSLIM] NXTL, SXT)<BR><BR></FONT></DIV></BLOCKQUOTE>
<BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
<DIV><SPAN class=3D479441614-06122002>Hi Andy,</SPAN></DIV>
<DIV><SPAN class=3D479441614-06122002></SPAN> </DIV>
<DIV><SPAN class=3D479441614-06122002>Once again, I agree with you. No =
doubt=20
that the greatest gains to be made during a Bear are on the short =
side, but=20
careful selection of stocks with solid fundamentals and technicals for =
long=20
positions while the Market is in rally mode during a Bear also offer =
up good=20
returns. The *same* discipline in selection translates well in a solid =
Bull,=20
because careful selection using the same methodology makes the =
difference=20
between 30% and 300% returns.</SPAN></DIV>
<DIV><SPAN class=3D479441614-06122002></SPAN> </DIV>
<DIV><SPAN class=3D479441614-06122002>The challenge is to find what =
set of=20
fundamental criteria (both forward and backward looking) constitutes =
"a good=20
stock" and for each individual, that set of rules or guidelines is =
going to be=20
a bit different. The key is "set of rules" to be followed without =
exception=20
but that can be modified as the investor learns from their past =
mistakes. My=20
argument was simply that a set of fundamental rules that is overly =
restrictive=20
does not necessarily translate into "a good stock" or consistent =
returns. Dave=20
L has posted a good email that addresses that very issue. That is, =
what is a=20
go/no go within the CANSLIM style? Will we find consistencies across =
the board=20
in some areas? If you were to pare down WON's work, what are the=20
absolutes?</SPAN></DIV>
<DIV><SPAN class=3D479441614-06122002></SPAN> </DIV>
<DIV><SPAN class=3D479441614-06122002>Katherine</SPAN></DIV>
<BLOCKQUOTE>
<DIV class=3DOutlookMessageHeader dir=3Dltr align=3Dleft><FONT =
face=3DTahoma=20
size=3D2>-----Original Message-----<BR><B>From:</B>=20
owner-canslim@lists.xmission.com=20
[mailto:owner-canslim@lists.xmission.com]<B>On Behalf Of=20
</B>AJAskey@aol.com<BR><B>Sent:</B> Friday, December 06, 2002 7:22=20
AM<BR><B>To:</B> canslim@lists.xmission.com<BR><B>Subject:</B> Re: =
[CANSLIM]=20
NXTL, SXT<BR><BR></FONT></DIV><FONT face=3Darial,helvetica><FONT=20
size=3D2>Katherine,<BR><BR>My thought is the fundies don't make a =
bit of=20
difference of the first 10-20% of the move. When "M" is bad =
very=20
little works no matter what the fundies are. When "M" is =
cooking=20
everything works no matter what the fundies are. CANSLIM =
attempts to=20
separate those stocks capable of making the 20-1500% move from those =
that=20
can't.<BR><BR>Many appear to get sucked in during a good "M" to =
buying only=20
from a good base. This works fine but it is tougher to make a=20
reasonable long term return making only 20% on each positive buy =
while=20
losing 8% on each negative buy and then staying in cash during the =
bad=20
"M". If I were to make 500% during a good bull run I =
would have=20
less temptation to try to make up for missing the big moves in a bad =
"M"=20
when I only 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=20
meaningful set of rules to follow within a set of style guidelines =
(in=20
this case, CANSLIM), trade by them, and then adjust as necessary =
as they=20
learn from their post=20
analysis.<BR></BLOCKQUOTE><BR><BR></BLOCKQUOTE></BLOCKQUOTE></FONT></FONT=
></BODY></HTML>
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Next Article (by Date): RE: [CANSLIM] Fundamental Philosophies "David Taggart"
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Top of Thread: RE: Fundamental Philosophies (was: [CANSLIM] NXTL, SXT) "Katherine Malm"
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