Go to Jeff Salisbury LWGate Home Page.From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] Intro : New List Member
Date: Tue, 24 Dec 2002 07:47:34 -0500
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This is a multi-part message in MIME format. - ------=_NextPart_000_0083_01C2AB20.B86A90D0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi c, welcome to the group, and congrats (and a Merry Christmas) on = finding CANSLIM and this group. Right now, as I see it, "M" is clearly saying to sit on your cash. This = is true with $5K or $500K. This is an extremely hard market to make = money in, especially on the long side. But it is a good market in which = you can paper trade. Generally it is best to have 5 or 6 or so stocks in a portfolio, in = order to have some diversification, and participate in several different = industry sectors. That's hard to do with limited funds, and requires = additional patience since Murphy's Law says that the one you passed up = in favor of the one you bought will be the one that rockets while your = purchase just sits there. Tempting to jump back out and chase the one = that already got away. In a large portfolio, you might have more stocks. The real question is = how much time you have to spend keeping up with your investments, and = the market in general. With 5K, it would be better to have 2 or 3 stocks, than to cast the = entire amount on a single stock. Important to use a broker than won't = kill you with commissions and fees / charges. =20 Good luck, - ----- Original Message -----=20 From: c bourgeois=20 To: CANSLIM=20 Sent: Tuesday, December 24, 2002 7:37 AM Subject: [CANSLIM] Intro : New List Member Hello Everyone, I am reading Bill O'Neals book for the second time and have just = become an IBD subscriber. I'm very happy to have found the CANSLIM = list! I'm very new to investing (have not even made my first trade yet) = but I am eager to get started. I only have about 5k to trade with. My = question is should I be trading at all at this point? O'Neal advises to = wait out a bear market (this is a bear market isn't it?). If I do = trade, how many stocks should I concentrate on and how much of my equity = should I invest in it? I plan to use the free stock screener at Multex = to build a watch list meeting the CANSLIM criteria, then to research the = fundamentals on those and study their charts. Can anyone recommend a = good book on reading charts? Thanks in advance for you help! =20 - -------------------------------------------------------------------------= - ------- Do you Yahoo!? Yahoo! Mail Plus - Powerful. Affordable. Sign up now - ------=_NextPart_000_0083_01C2AB20.B86A90D0 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>Hi c, welcome to the group, and congrats (and a = Merry=20 Christmas) on finding CANSLIM and this group.</FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV><FONT face=3DArial>Right now, as I see it, "M" is clearly saying to = sit on=20 your cash. This is true with $5K or $500K. This is an extremely hard = market to=20 make money in, especially on the long side. But it is a good market in = which you=20 can paper trade.</FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV><FONT face=3DArial>Generally it is best to have 5 or 6 or so stocks = in a=20 portfolio, in order to have some diversification, and participate in = several=20 different industry sectors. That's hard to do with limited funds, and = requires=20 additional patience since Murphy's Law says that the one you passed up = in favor=20 of the one you bought will be the one that rockets while your purchase = just sits=20 there. Tempting to jump back out and chase the one that already got=20 away.</FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV><FONT face=3DArial>In a large portfolio, you might have more = stocks. The real=20 question is how much time you have to spend keeping up with your = investments,=20 and the market in general.</FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV><FONT face=3DArial>With 5K, it would be better to have 2 or 3 = stocks, than to=20 cast the entire amount on a single stock. Important to use a = broker than=20 won't kill you with commissions and fees / charges.</FONT></DIV> <DIV><FONT face=3DArial> </FONT></DIV> <DIV><FONT face=3DArial>Good luck,</FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV style=3D"FONT: 10pt arial">----- Original Message -----=20 <DIV style=3D"BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> <A=20 title=3Duptickchick2003@yahoo.com = href=3D"mailto:uptickchick2003@yahoo.com">c=20 bourgeois</A> </DIV> <DIV><B>To:</B> <A title=3Dcanslim@lists.xmission.com=20 href=3D"mailto:canslim@lists.xmission.com">CANSLIM</A> </DIV> <DIV><B>Sent:</B> Tuesday, December 24, 2002 7:37 AM</DIV> <DIV><B>Subject:</B> [CANSLIM] Intro : New List Member</DIV></DIV> <DIV><BR></DIV> <P>Hello Everyone,</P> <P> I am reading Bill O'Neals book for the second time and = have just=20 become an IBD subscriber. I'm very happy to have found the CANSLIM = list! I'm very new to investing (have not even made my first trade = yet)=20 but I am eager to get started. I only have about 5k to trade = with. =20 My question is should I be trading at all at this point? O'Neal = advises to=20 wait out a bear market (this is a bear market isn't it?). If I do = trade,=20 how many stocks should I concentrate on and how much of my equity should = I=20 invest in it? I plan to use the free stock screener at Multex=20 to build a watch list meeting the CANSLIM criteria, then to = research=20 the fundamentals on those and study their charts. Can anyone = recommend a=20 good book on reading charts? Thanks in advance for you help!</P> <P> </P> <P><BR> <HR SIZE=3D1> Do you Yahoo!?<BR><A=20 href=3D"http://rd.yahoo.com/mail/mailsig/*http://mailplus.yahoo.com">Yaho= o! Mail=20 Plus</A> - Powerful. Affordable. <A=20 href=3D"http://rd.yahoo.com/mail/mailsig/*http://mailplus.yahoo.com">Sign= up=20 now</A></BODY></HTML> - ------=_NextPart_000_0083_01C2AB20.B86A90D0-- - - - -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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