Re: [CANSLIM] POSS

From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] POSS
Date: Fri, 21 Feb 2003 22:37:37 -0500
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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 
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<DIV><FONT face=3DArial>David,</FONT></DIV>
<DIV><FONT face=3DArial></FONT>&nbsp;</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>&nbsp;</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>&nbsp;</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>&nbsp;</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>&nbsp;</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>&nbsp;</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
&nbsp;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&amp;P 500 crosses the 200 DMA with vigor.=20
  <BR>Charley</FONT> </FONT></BLOCKQUOTE></BODY></HTML>

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