Go to Jeff Salisbury LWGate Home Page.From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] POSS
Date: Fri, 21 Feb 2003 22:37:37 -0500
Previous Article (by Date): Re: [CANSLIM] POSS "Roger"
Top of Thread: Re: [CANSLIM] POSS "david frank"
Articles sorted by: [Date]
[Author]
[Subject]
This is a multi-part message in MIME format. - ------=_NextPart_000_00EA_01C2D9F9.D59E2330 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable David, I have seen nothing in the markets over the past several years of a = protracted bear market that would require a change in the concept, = philosophy, or general rules of CANSLIM. As I perceive CANSLIM, it is a = system / style / method / philosophy designed for investors, especially = ones with mid to long term horizons. It certainly is not designed nor = intended for short term / day trading. Many in this group have expressed = the opinion that "M" is the single most important letter of the seven, I = happen to completely agree with that, especially for less experienced = investors / CANSLIMers. That is doubly true if their risk tolerance is = average or lower. Money can and has been made, strictly on the long side, no options, no = shorting, during the past several years by following one's own = interpretation of CANSLIM. Without any argument, however, that meant = taking greater risk, generally required more experience both with = investing in general and CANSLIM in particular, and was certainly for me = far greater work with less reward. "M" has been telling us to stay in = cash, and that is what most have done, judging by the daily volume, as = well as the amount of posting in this group. It has been at least 2 years since market conditions favored the CANSLIM = style of investing, even more years since long term investors were = handsomely rewarded for their patience and trust in a company. During = that time we have had lots of reasons additionally to remain in cash, = including the dot com bubble bursting, direct act of terrorism against = the United States, recession, weak recovering economy, upcoming war with = Iraq, threats by N. Korea, Japan in a major recession and with their = financial infrastructure on a continual edge of total collapse, and not = to ever be forgotten corporate governance issues including fraud, = deceit, loss of trust, personal executive greed, etc. If you think about it, that's actually a lot for any market to simply = survive in just a few years. It's amazing to me that there is still = anyone left (besides me, that is) that will even still stick a few bucks = in the market and take a chance. CANSLIM will again have its heyday, when "M" says its time, and this = bear market finally retreats back into its cave for an extended = hibernation. Until then, it will be CANSLIM hibernating, coming out = occasionally to see if the weather has begun to thaw the ice, and going = back into the cave if the answer is still no. The big lesson of CANSLIM = is to preserve your capital so you survive to see better days. There's = nothing "sick" about the system, it's doing exactly what it is designed = and intended to do, preserve your capital until "M" favors the = investors. - ----- Original Message -----=20 From: david frank=20 To: canslim@lists.xmission.com=20 Sent: Friday, February 21, 2003 6:01 PM Subject: Re: [CANSLIM] POSS Seems to me CANSLIM has come out of hibernation approximately 15 times = in the past 3 years and got shot back in it's hole each time, thereby, = making it a sick system. that is why I said it is pretty well dead. Even = your personal target is not within CANSLIM guide-lines. Dave From: Chazmoore@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Friday, February 21, 2003 4:48 PM Subject: Re: [CANSLIM] POSS By definition, CANSLIM is bull market investment method. If you follow = CANSLIM to the letter you should be out of the market and in cash or = fixed income. CANSLIM is not dead, it is in hibernation until the market = improves. When will that be? My personal target is when the S&P 500 = crosses the 200 DMA with vigor.=20 Charley - ------=_NextPart_000_00EA_01C2D9F9.D59E2330 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 6.00.2800.1141" name=3DGENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=3D#ffffff> <DIV><FONT face=3DArial>David,</FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV><FONT face=3DArial>I have seen nothing in the markets over the past = several=20 years of a protracted bear market that would require a change in the = concept,=20 philosophy, or general rules of CANSLIM. As I perceive CANSLIM, it is a = system /=20 style / method / philosophy designed for investors, especially ones with = mid to=20 long term horizons. It certainly is not designed nor intended for short = term /=20 day trading. Many in this group have expressed the opinion that "M" is = the=20 single most important letter of the seven, I happen to completely agree = with=20 that, especially for less experienced investors / CANSLIMers. That is = doubly=20 true if their risk tolerance is average or lower.</FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV><FONT face=3DArial>Money can and has been made, strictly on the = long side, no=20 options, no shorting, during the past several years by following one's = own=20 interpretation of CANSLIM. Without any argument, however, that meant = taking=20 greater risk, generally required more experience both with investing in = general=20 and CANSLIM in particular, and was certainly for me far greater work = with less=20 reward. "M" has been telling us to stay in cash, and that is what most = have=20 done, judging by the daily volume, as well as the amount of posting in = this=20 group.</FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV><FONT face=3DArial>It has been at least 2 years since market = conditions=20 favored the CANSLIM style of investing, even more years since long term=20 investors were handsomely rewarded for their patience and trust in a = company.=20 During that time we have had lots of reasons additionally to remain in = cash,=20 including the dot com bubble bursting, direct act of terrorism against = the=20 United States, recession, weak recovering economy, upcoming war with = Iraq,=20 threats by N. Korea, Japan in a major recession and with their financial = infrastructure on a continual edge of total collapse, and not to ever be = forgotten corporate governance issues including fraud, deceit, loss of = trust,=20 personal executive greed, etc.</FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV><FONT face=3DArial>If you think about it, that's actually a lot for = any=20 market to simply survive in just a few years. It's amazing to me that = there is=20 still anyone left (besides me, that is) that will even still stick a few = bucks=20 in the market and take a chance.</FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV><FONT face=3DArial>CANSLIM will again have its heyday, when "M" = says its=20 time, and this bear market finally retreats back into its cave for an = extended=20 hibernation. Until then, it will be CANSLIM hibernating, coming out = occasionally=20 to see if the weather has begun to thaw the ice, and going back into the = cave if=20 the answer is still no. The big lesson of CANSLIM is to preserve your = capital so=20 you survive to see better days. There's nothing "sick" about the system, = it's=20 doing exactly what it is designed and intended to do, preserve your = capital=20 until "M" favors the investors.</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=3Dcamelot.homes@charter.net = href=3D"mailto:camelot.homes@charter.net">david=20 frank</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, February 21, 2003 6:01 PM</DIV> <DIV><B>Subject:</B> Re: [CANSLIM] POSS</DIV></DIV> <DIV><FONT face=3DArial></FONT><FONT face=3DArial></FONT><BR></DIV> <DIV><FONT face=3DArial size=3D2>Seems to me CANSLIM has come out of = hibernation=20 approximately 15 times in the past 3 years and got shot back in it's = hole each=20 time, thereby, making it a sick system. that is why I said it is pretty = well=20 dead. Even your personal target is not within CANSLIM guide-lines.=20 Dave</FONT></DIV> <BLOCKQUOTE=20 style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; = BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px"> <DIV=20 style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: = black"><B>From:</B>=20 <A title=3DChazmoore@aol.com=20 href=3D"mailto:Chazmoore@aol.com">Chazmoore@aol.com</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> Friday, February 21, 2003 = 4:48=20 PM</DIV> <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] = POSS</DIV> <DIV><BR></DIV><FONT face=3Darial,helvetica><FONT size=3D2>By = definition, CANSLIM=20 is bull market investment method. If you follow CANSLIM to the letter = you=20 should be out of the market and in cash or fixed income. CANSLIM is = not dead,=20 it is in hibernation until the market improves. When will that be? My = personal=20 target is when the S&P 500 crosses the 200 DMA with vigor.=20 <BR>Charley</FONT> </FONT></BLOCKQUOTE></BODY></HTML> - ------=_NextPart_000_00EA_01C2D9F9.D59E2330-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
Previous Article (by Date): Re: [CANSLIM] POSS "Roger"
Top of Thread: Re: [CANSLIM] POSS "david frank"
Articles sorted by: [Date]
[Author]
[Subject]