Go to Jeff Salisbury LWGate Home Page.From: "Fred Richards" <ffradrich@attbi.com>
Subject: RE: [CANSLIM] POSS
Date: Sat, 22 Feb 2003 05:34:01 -0600
Previous Article (by Subject): Re: [CANSLIM] POSS "Tom Worley"
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Excellent . . . we must be on the same wave length. The only thing I
would add to all those who think CANSLIM is not appropriate for bear
markets is that it still identifies companies which beat the market,
e.g., TSCO, AEM, GG, GFI, and MSN last year. Compared to all the other
investors who don't follow CANSLIM, it has maintained the value of the
investors portfolio by keeping you in cash probably as well as any
system out there.
While not great, our CANSLIM portfolio did show profits in each of the
last three years. Compared to the show of hands in most investors
group, that puts CANSLIM investors in a small minority. Can't be all
bad!
- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of Tom Worley
Sent: Friday, February 21, 2003 9:38 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] POSS
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 -----
From: david <mailto:camelot.homes@charter.net> frank
To: canslim@lists.xmission.com
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
To: canslim@lists.xmission.com
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.
Charley
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<DIV><SPAN class=3D531222711-22022003><FONT face=3DArial color=3D#0000ff =
size=3D2>Excellent . . . we must be on the same wave length. The =
only thing=20
I would add to all those who think CANSLIM is not appropriate for bear =
markets=20
is that it still identifies companies which beat the market, e.g., TSCO, =
AEM,=20
GG, GFI, and MSN last year. Compared to all the other =
investors who=20
don't follow CANSLIM, it has maintained the value of the investors =
portfolio by=20
keeping you in cash probably as well as any system out there. =20
</FONT></SPAN></DIV>
<DIV><SPAN class=3D531222711-22022003><FONT face=3DArial color=3D#0000ff =
size=3D2></FONT></SPAN> </DIV>
<DIV><SPAN class=3D531222711-22022003><FONT face=3DArial color=3D#0000ff =
size=3D2>While=20
not great, our CANSLIM portfolio did show profits in each of the last =
three=20
years. Compared to the show of hands in most investors group, that =
puts=20
CANSLIM investors in a small minority. Can't be all=20
bad!</FONT></SPAN></DIV>
<BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
<DIV></DIV>
<DIV class=3DOutlookMessageHeader lang=3Den-us dir=3Dltr =
align=3Dleft><FONT=20
face=3DTahoma size=3D2>-----Original Message-----<BR><B>From:</B>=20
owner-canslim@lists.xmission.com =
[mailto:owner-canslim@lists.xmission.com]=20
<B>On Behalf Of </B>Tom Worley<BR><B>Sent:</B> Friday, February 21, =
2003 9:38=20
PM<BR><B>To:</B> canslim@lists.xmission.com<BR><B>Subject:</B> Re: =
[CANSLIM]=20
POSS<BR><BR></FONT></DIV>
<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=20
to long term horizons. It certainly is not designed nor intended for =
short=20
term / day trading. Many in this group have expressed the opinion that =
"M" is=20
the single most important letter of the seven, I happen to completely =
agree=20
with that, especially for less experienced investors / CANSLIMers. =
That is=20
doubly 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,=20
no 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=20
general and CANSLIM in particular, and was certainly for me far =
greater work=20
with less reward. "M" has been telling us to stay in cash, and that is =
what=20
most have done, judging by the daily volume, as well as the amount of =
posting=20
in this 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=20
infrastructure on a continual edge of total collapse, and not to ever =
be=20
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=20
occasionally to see if the weather has begun to thaw the ice, and =
going back=20
into the cave if the answer is still no. The big lesson of CANSLIM is =
to=20
preserve your capital so you survive to see better days. There's =
nothing=20
"sick" about the system, it's doing exactly what it is designed and =
intended=20
to do, preserve your capital 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>=
=20
</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,=20
CANSLIM is bull market investment method. If you follow CANSLIM to =
the=20
letter you should be out of the market and in cash or fixed income. =
CANSLIM=20
is not dead, it is in hibernation until the market improves. When =
will that=20
be? My personal target is when the S&P 500 crosses the 200 DMA =
with=20
vigor. <BR>Charley</FONT> =
</FONT></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
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Previous Article (by Subject): Re: [CANSLIM] POSS "Tom Worley"
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