Go to Jeff Salisbury LWGate Home Page.From: "rolf hertenstein" <rolfh@mindspring.com>
Subject: Re: [CANSLIM] Intro : New List Member
Date: Tue, 24 Dec 2002 17:37:00 -0700
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Ho-ho-ho (!) to one and all!
I've just read Weinstein's book - very enjoyable, easy reading, yet =
informative.
Helped solidify several technical items poorly explained in O'Neil's =
books.
I agree with Ann - not quite CANSLIM. First, he says the heck with =
fundamentals.
But it's easy to ignore that and still learn from his technical =
insights. Second,=20
his favorite chart patterns aren't the same as O'Neil's - generally =
Weinstein's
technical analysis recommends jumping in earlier. For instance, his =
Stage 2
(the beginning of which he recommends buying) often seemed to encompass
the right-hand bottom of a cup, the handle and subsequent breakout. =
Also,=20
Weinstein uses STOPs for buying or selling pretty much all the time, =
while
O'Neil doesn't like them in general. There are a lot of ideas in common =
as well.
All in all, fun stuff, and worth the $14 or whatever it was.
Time for a Christmas Eve Bailey's on a cool clear night......
Rolf
----- Original Message -----=20
From: Ann=20
To: CANSLIM Listserv=20
Sent: Tuesday, December 24, 2002 9:17 AM
Subject: Re: [CANSLIM] Intro : New List Member
Hi, Welcome to the group,
Although I have been part of the group for almost two years, I still =
feel like a newcomer. There's so much to learn! Katherine M., a frequent =
and helpful contributor to the group, recommended the following book to =
me:
Stan Weinstein's Secrets of Profiting in Bull and Bear Markets
It's not CANSLIM specifically, but helped me to understand the =
rationale behind CANSLIM better. I still use CANSLIM for my buy and sell =
rules, though.
I also recommend paper trading for awhile, though some say that you =
only REALLY learn by doing!
Ann=20
----- 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!
- -------------------------------------------------------------------------=
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<DIV><FONT face=3DArial size=3D2>Ho-ho-ho (!) to one and =
all!</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>I've just read Weinstein's book - very =
enjoyable,=20
easy reading, yet informative.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2>Helped solidify several =
technical items poorly=20
explained in O'Neil's books.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>I agree with Ann - not quite =
CANSLIM. First,=20
he says the heck with fundamentals.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2>But it's easy to ignore that and still =
learn from=20
his technical insights. Second, </FONT></DIV>
<DIV><FONT face=3DArial size=3D2>his favorite chart patterns aren't the =
same as=20
O'Neil's - generally Weinstein's</FONT></DIV>
<DIV><FONT face=3DArial size=3D2>technical analysis recommends jumping =
in=20
earlier. For instance, his Stage 2</FONT></DIV>
<DIV><FONT face=3DArial size=3D2>(the beginning of which he recommends =
buying) often=20
seemed to encompass</FONT></DIV>
<DIV><FONT face=3DArial size=3D2>the right-hand bottom of a cup, the =
handle and=20
subsequent breakout. Also, </FONT></DIV>
<DIV><FONT face=3DArial size=3D2>Weinstein uses STOPs for buying or =
selling pretty=20
much all the time, while</FONT></DIV>
<DIV><FONT face=3DArial size=3D2>O'Neil doesn't like them in =
general. There=20
are a lot of ideas in common as well.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2>All in all, fun stuff, and worth the =
$14 or=20
whatever it was.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>Time for a Christmas Eve Bailey's on a =
cool clear=20
night......</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2> Rolf</FONT></DIV>
<BLOCKQUOTE dir=3Dltr=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=3Dannholly@attbi.com =
href=3D"mailto:annholly@attbi.com">Ann</A> </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 Listserv</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Tuesday, December 24, =
2002 9:17=20
AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] Intro : =
New List=20
Member</DIV>
<DIV><BR></DIV>
<DIV><FONT size=3D2>Hi, Welcome to the group,</FONT></DIV>
<DIV><FONT size=3D2></FONT> </DIV>
<DIV><FONT size=3D2>Although I have been part of the group for almost =
two years,=20
I still feel like a newcomer. There's so much to learn! Katherine M., =
a=20
frequent and helpful contributor to the group, recommended the =
following book=20
to me:</FONT></DIV>
<DIV><FONT size=3D2></FONT> </DIV>
<DIV><FONT size=3D2>Stan Weinstein's Secrets of Profiting in Bull and =
Bear=20
Markets</FONT></DIV>
<DIV><FONT size=3D2></FONT> </DIV>
<DIV><FONT size=3D2>It's not CANSLIM specifically, but helped me to =
understand=20
the rationale behind CANSLIM better. I still use CANSLIM for my buy =
and sell=20
rules, though.</FONT></DIV>
<DIV><FONT size=3D2></FONT> </DIV>
<DIV><FONT size=3D2>I also recommend paper trading for awhile, though =
some say=20
that you only REALLY learn by doing!</FONT></DIV>
<DIV><FONT size=3D2></FONT> </DIV>
<DIV><FONT size=3D2>Ann </FONT></DIV>
<DIV><BR></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=3Duptickchick2003@yahoo.com =
href=3D"mailto:uptickchick2003@yahoo.com">c=20
bourgeois</A> </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</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Tuesday, December 24, =
2002 7:37=20
AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] Intro : =
New List=20
Member</DIV>
<DIV><BR></DIV>
<P>Hello Everyone,</P>
<P> I am reading Bill O'Neals book for the second time =
and have=20
just become an IBD subscriber. I'm very happy to have found =
the=20
CANSLIM list! I'm very new to investing (have not even made my =
first=20
trade yet) but I am eager to get started. I only have about 5k =
to=20
trade with. My question is should I be trading at all at this=20
point? O'Neal advises to wait out a bear market (this is a =
bear market=20
isn't it?). If I do trade, how many stocks should I =
concentrate on and=20
how much of my equity should I invest in it? I plan to use the =
free=20
stock screener at Multex to build a watch list meeting the =
CANSLIM=20
criteria, then to research the fundamentals on those and study their =
charts. Can anyone recommend a good book on reading =
charts? =20
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!=20
Mail Plus</A> - Powerful. Affordable. <A=20
=
href=3D"http://rd.yahoo.com/mail/mailsig/*http://mailplus.yahoo.com">Sign=
up=20
now</A></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
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Next Article (by Subject): [CANSLIM] Mele Kelikimaka "Mike Gibbons"
Previous Article (by Subject): Re: [CANSLIM] Intro : New List Member "Ann"
Top of Thread: Re: [CANSLIM] Intro : New List Member Chazmoore@aol.com
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