Go to Jeff Salisbury LWGate Home Page.From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] Worley's Weekend Weeview
Date: Sat, 4 Jan 2003 16:01:58 -0500
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This is a multi-part message in MIME format. - ------=_NextPart_000_0198_01C2B40A.9C76CFE0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Gene, I am applying the fallen angels notion a little differently these = days than in past years. Because of the corporate governance problems = recently, as well as the tech bubble that developed several years ago, I = found that a number of fallen angels frankly deserved to fall, and are = not likely to get up again. In addition, because of the extended = duration of this bear market, along with the excess capacity that had = developed in many industries, there are other fallen angels that I find = clearly fit the comment that the big names of the past are not likely to = be the leaders of the future.=20 Part of this (at least with tech stocks) is simply due to the past = leaders being passed by with new technology coming out of small unheard = of companies, just like many of the now "big names" did some ten years = ago. I find that big cap companies in these difficult times are more = prone to get conservative and "hunker down" than to get aggressive with = developing new technology. In some cases, the demand is not even there = for some of the development going on at small companies, they are = anticipating a future need. On the other hand, I have seen some industry sectors that, as a group, = appear to be a fallen angel yet are rising from the ashes. The internet = security sector did just this, and has presented me with a number of = companies I feel comfortable owning for the next one to two years. The economic stimulus package that Bush is looking at includes reducing = taxes on dividends at the individual level. Personally, while it may = make dividend paying stocks more attractive to the investor looking for = income, it will not make them any better for those looking for growth as = the corporation will derive no benefit. I think it would be much better = to allow corporations to distribute dividends on a pre-tax basis from = gross profits. It would encourage more corporations to pay dividends, or = to increase dividends, while eliminating the double taxation (which is, = after all, the issue). I see no reason why the individual seeking income = should be able to avoid taxes on this form of income any more than on = bond interest income. - ----- Original Message -----=20 From: Gene Ricci=20 To: canslim@lists.xmission.com=20 Sent: Saturday, January 04, 2003 3:27 PM Subject: Re: [CANSLIM] Worley's Weekend Weeview Tom, I must have left out something in my translation if I conveyed he = touts value stocks... I thought by including TEVA, I conveyed he still = wants growth but wants to add a dividend component.=20 Congratulations on your 2002 returns, you've done considerably better = than the many CANSLIM advocates that I've talked with... most of us only = made money shorting or day trading. =20 BTW, my antenna goes up whenever 'Fallen Angels' is mentioned. I have = some cherished tech Fallen Angels that cost me a bunch until I caved in = and started to short them. Ciao, Gene ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Saturday, January 04, 2003 1:51 PM Subject: Re: [CANSLIM] Worley's Weekend Weeview Gene, just tell him that explains why I only made 53% in my margin = acct in 2002, down from the 76% I made in my IRA in 2001. And now I = understand why my VR Fund is up less than 10% since inception (17 = months). Of course that still puts it about 30 points better than any = index I follow, and far ahead of how the collection of small cap funds, = tech funds, and growth funds (and I am all three) performed in 2002 = (they were all down around 20%).=20 I think I will keep on using CANSLIM, try to make a little more time = available to apply it, exercise better discipline. Wish that money = manager well for me, tell him to spread the word that CANSLIM is dead, = everybody should buy value or dividend stocks, and leave the growth = stocks to us. ----- Original Message -----=20 From: Gene Ricci=20 To: canslim@lists.xmission.com=20 Sent: Saturday, January 04, 2003 1:38 PM Subject: Re: [CANSLIM] Worley's Weekend Weeview Tom, just a note of thanks for your weekly report.=20 Now if I could only get you interested in financial stocks! regards, Gene P.S. I just received a treatise from an 'X' CANSLIM money manager that = has declared that CANSLIM (as we know it) is one of the Fallen Angels = that won't return... he sites too many CANSLIM investors easily being = manipulated by market makers and the lack of a dividend requirement. He = claims that good growth can still be achieved with payments instead of = promises to stockholders. One of his picks is TEVA. - ------=_NextPart_000_0198_01C2B40A.9C76CFE0 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>Gene, I am applying the fallen angels = notion a little=20 differently these days than in past years. Because of the corporate = governance=20 problems recently, as well as the tech bubble that developed several = years ago,=20 I found that a number of fallen angels frankly deserved to fall, and are = not=20 likely to get up again. In addition, because of the extended duration of = this=20 bear market, along with the excess capacity that had developed in many=20 industries, there are other fallen angels that I find clearly fit the = comment=20 that the big names of the past are not likely to be the leaders of the = future.=20 </FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV><FONT face=3DArial>Part of this (at least with tech stocks) is = simply due to=20 the past leaders being passed by with new technology coming out of small = unheard=20 of companies, just like many of the now "big names" did some ten years = ago. I=20 find that big cap companies in these difficult times are more prone to = get=20 conservative and "hunker down" than to get aggressive with developing = new=20 technology. In some cases, the demand is not even there for some of the=20 development going on at small companies, they are anticipating a future=20 need.</FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV><FONT face=3DArial>On the other hand, I have seen some industry = sectors that,=20 as a group, appear to be a fallen angel yet are rising from the ashes. = The=20 internet security sector did just this, and has presented me with a = number of=20 companies I feel comfortable owning for the next one to two = years.</FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV><FONT face=3DArial>The economic stimulus package that Bush is = looking at=20 includes reducing taxes on dividends at the individual level. = Personally,=20 while it may make dividend paying stocks more attractive to the investor = looking=20 for income, it will not make them any better for those looking for = growth as the=20 corporation will derive no benefit. I think it would be much better to = allow=20 corporations to distribute dividends on a pre-tax basis from gross = profits. It=20 would encourage more corporations to pay dividends, or to increase = dividends,=20 while eliminating the double taxation (which is, after all, the issue). = I see no=20 reason why the individual seeking income should be able to avoid taxes = on this=20 form of income any more than on bond interest income.</FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV>----- Original Message ----- </DIV> <DIV style=3D"FONT: 10pt arial"> <DIV style=3D"BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> <A=20 title=3Dgenr@swbell.net href=3D"mailto:genr@swbell.net">Gene Ricci</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> Saturday, January 04, 2003 3:27 PM</DIV> <DIV><B>Subject:</B> Re: [CANSLIM] Worley's Weekend Weeview</DIV></DIV> <DIV><BR></DIV> <DIV><FONT face=3D"Comic Sans MS">Tom, I must have left out something in = my=20 translation if I conveyed he touts value stocks... I thought by = including TEVA,=20 I conveyed he still wants growth but wants to add a dividend = component.=20 </FONT></DIV> <DIV><FONT face=3D"Comic Sans MS"></FONT> </DIV> <DIV><FONT face=3D"Comic Sans MS">Congratulations on your 2002 returns, = you've=20 done considerably better than the many CANSLIM advocates that I've = talked=20 with... most of us only made money shorting or day trading.=20 </FONT></DIV> <DIV><FONT face=3D"Comic Sans MS"></FONT> </DIV> <DIV><FONT face=3D"Comic Sans MS">BTW, my antenna goes up whenever = 'Fallen Angels'=20 is mentioned. I have some cherished tech Fallen Angels that cost me a = bunch=20 until I caved in and started to short them.</FONT></DIV> <DIV><FONT face=3D"Comic Sans MS"></FONT> </DIV> <DIV><FONT face=3D"Comic Sans MS">Ciao,</FONT></DIV> <DIV><FONT face=3D"Comic Sans MS">Gene</FONT></DIV> <DIV><FONT face=3D"Comic Sans MS"></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=3Dstkguru@bellsouth.net = href=3D"mailto:stkguru@bellsouth.net">Tom=20 Worley</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@lists.xmission.com</A>= </DIV> <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Saturday, January 04, = 2003 1:51=20 PM</DIV> <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] Worley's = Weekend=20 Weeview</DIV> <DIV><BR></DIV> <DIV><FONT face=3DArial>Gene, just tell him that explains why I only = made 53% in=20 my margin acct in 2002, down from the 76% I made in my IRA in 2001. = And now I=20 understand why my VR Fund is up less than 10% since inception (17 = months). Of=20 course that still puts it about 30 points better than any index I = follow, and=20 far ahead of how the collection of small cap funds, tech funds, and = growth=20 funds (and I am all three) performed in 2002 (they were all down = around 20%).=20 </FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV><FONT face=3DArial>I think I will keep on using CANSLIM, try to = make a=20 little more time available to apply it, exercise better discipline. = Wish that=20 money manager well for me, tell him to spread the word that CANSLIM is = dead,=20 everybody should buy value or dividend stocks, and leave the growth = stocks to=20 us.</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=3Dgenr@swbell.net href=3D"mailto:genr@swbell.net">Gene Ricci</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> Saturday, January 04, 2003 1:38 PM</DIV> <DIV><B>Subject:</B> Re: [CANSLIM] Worley's Weekend = Weeview</DIV></DIV> <DIV><FONT face=3DArial></FONT><BR></DIV> <DIV><FONT face=3DArial>Tom, just a note of thanks for your weekly = report.=20 </FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV><FONT face=3DArial>Now if I could only get you interested in = financial=20 stocks!</FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV><FONT face=3DArial>regards,</FONT></DIV> <DIV><FONT face=3DArial>Gene</FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV><FONT face=3DArial>P.S. I just received a treatise from = an 'X'=20 CANSLIM money manager that has declared that CANSLIM (as we know it) = is one of=20 the Fallen Angels that won't return... he sites too many CANSLIM = investors=20 easily being manipulated by market makers and the lack of a=20 dividend requirement. He claims that good growth can still be = achieved=20 with payments instead of promises to stockholders. One of his = picks is=20 TEVA. </FONT></DIV></BLOCKQUOTE></BODY></HTML> - ------=_NextPart_000_0198_01C2B40A.9C76CFE0-- - - - -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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