Go to Jeff Salisbury LWGate Home Page.From: Gene Ricci <genr@swbell.net>
Subject: Re: [CANSLIM] POSS
Date: Fri, 21 Feb 2003 22:01:07 -0600
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Tom, thanks for your succinct analysis of 'fate' of CANSLIM.=20
Since I short, M does not always equal up! Isn't the 'real' answer to =
take advantage of the market direction and short or buy Puts when it's =
heading south. If an 'investor' has had to sit on the sidelines during =
this protracted downturn where did their income come from? I'm convinced =
that this market will meander for quite a spell... not being equipped to =
play both directions will be a costly mistake...=20
My 2 cents
Gene=20
----- Original Message -----=20
From: Tom Worley=20
To: canslim@lists.xmission.com=20
Sent: Friday, February 21, 2003 9:37 PM
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 -----=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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<BODY bgColor=3D#ffffff>
<DIV><FONT face=3D"Comic Sans MS">Tom, thanks for your succinct analysis =
of 'fate'=20
of CANSLIM. </FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT> </DIV>
<DIV><FONT face=3D"Comic Sans MS">Since I short, M does not always equal =
up!=20
Isn't the 'real' answer to take advantage of the market direction =
and=20
short or buy Puts when it's heading south. If an 'investor' has had to =
sit on=20
the sidelines during this protracted downturn where did their =
income come=20
from? I'm convinced that this market will meander for quite a =
spell... not=20
being equipped to play both directions will be a costly=20
mistake... </FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT> </DIV>
<DIV><FONT face=3D"Comic Sans MS">My 2 cents</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS">Gene</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> Friday, February 21, 2003 =
9:37=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
POSS</DIV>
<DIV><BR></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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