Go to Jeff Salisbury LWGate Home Page.From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] POSS
Date: Sat, 22 Feb 2003 12:21:11 -0500
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Messagesorry David, but my contributions here stick strictly to =
mainstream CANSLIM. I work for a broker dealer again, that means that my =
activity is subject to scrutiny by the NASD and SEC. I don't post =
anything that can be taken as a "recommendation", if I did it would only =
be to clients paying for my services, and where I had the KYC (Know Your =
Customer) knowledge to be sure my comments, recommendations, etc. were =
appropriate and suitable for that client's particular financial =
condition, risk tolerance, investment goals, etc.
If I ever manage to make the right connection, and find a job as a small =
cap growth fund manager, I will be glad to tell you what fund I would be =
running, and you could "participate" that way if you so choose.
I do disclose in my weekly WWW column what stocks make that list where I =
have an interest. By no means does that show my total market interest, =
nor give insight into when or where I took that interest. But that list =
is constructed completely differently than my own personal buy or watch =
lists.
And I am not here to lecture, I expressed my personal opinion, you don't =
have to agree with it, and are just as free to click on the Delete key =
as to read my posts.
- ----- Original Message -----=20
From: david frank=20
To: canslim@lists.xmission.com=20
Sent: Saturday, February 22, 2003 12:11 PM
Subject: Re: [CANSLIM] POSS
Tom and Fred, Thank you for the standard CANSLIM lectures. To make =
things more interesting, for us that sweep floors for a living, why =
don't you tell us when "M" is "M". And, also, tell us which stock you =
are buying, what price you are paying, your stop, and where you will =
take profits. Then you are putting your money and words where your mouth =
is, wont cost you a dime, plus it will make an interesting read here, =
and I promise I will not front run you. Thank you very much. Dave
----- Original Message -----=20
From: Fred Richards=20
To: canslim@lists.xmission.com=20
Sent: Saturday, February 22, 2003 5:34 AM
Subject: RE: [CANSLIM] POSS
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. =20
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 -----=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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<HTML><HEAD><TITLE>Message</TITLE>
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<BODY bgColor=3D#ffffff>
<DIV><FONT face=3DArial>sorry David, but my contributions here stick =
strictly to=20
mainstream CANSLIM. I work for a broker dealer again, that means that my =
activity is subject to scrutiny by the NASD and SEC. I don't post =
anything that=20
can be taken as a "recommendation", if I did it would only be to clients =
paying=20
for my services, and where I had the KYC (Know Your Customer) knowledge =
to be=20
sure my comments, recommendations, etc. were appropriate and suitable =
for that=20
client's particular financial condition, risk tolerance, investment =
goals,=20
etc.</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial>If I ever manage to make the right connection, =
and find a=20
job as a small cap growth fund manager, I will be glad to tell you what =
fund I=20
would be running, and you could "participate" that way if you so=20
choose.</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial>I do disclose in my weekly WWW column what =
stocks make=20
that list where I have an interest. By no means does that show my total =
market=20
interest, nor give insight into when or where I took that interest. But =
that=20
list is constructed completely differently than my own personal buy or =
watch=20
lists.</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial>And I am not here to lecture, I expressed my =
personal=20
opinion, you don't have to agree with it, and are just as free to click =
on the=20
Delete key as to read my posts.</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> Saturday, February 22, 2003 12:11 PM</DIV>
<DIV><B>Subject:</B> Re: [CANSLIM] POSS</DIV></DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial size=3D2>Tom and Fred, Thank you for the =
standard CANSLIM=20
lectures. To make things more interesting, for us that sweep floors for =
a=20
living, why don't you tell us when "M" is "M". And, also, =
tell us=20
which stock you are buying, what price you are paying, your stop,=20
and where you will take profits. Then you are putting your money =
and=20
words where your mouth is, wont cost you a dime, plus it will make =
an=20
interesting read here, and I promise I will not front run you. Thank you =
very=20
much. Dave</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=3Dffradrich@attbi.com =
href=3D"mailto:ffradrich@attbi.com">Fred=20
Richards</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, February 22, =
2003 5:34=20
AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> RE: [CANSLIM] =
POSS</DIV>
<DIV><BR></DIV>
<DIV><SPAN class=3D531222711-22022003><FONT face=3DArial =
color=3D#0000ff=20
size=3D2>Excellent . . . we must be on the same wave length. The =
only=20
thing I would add to all those who think CANSLIM is not appropriate =
for bear=20
markets is that it still identifies companies which beat the market, =
e.g.,=20
TSCO, AEM, GG, GFI, and MSN last year. Compared to all the =
other=20
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=20
there. </FONT></SPAN></DIV>
<DIV><SPAN class=3D531222711-22022003><FONT face=3DArial =
color=3D#0000ff=20
size=3D2></FONT></SPAN> </DIV>
<DIV><SPAN class=3D531222711-22022003><FONT face=3DArial =
color=3D#0000ff=20
size=3D2>While not great, our CANSLIM portfolio did show profits in =
each of the=20
last three years. Compared to the show of hands in most =
investors group,=20
that puts 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=20
9:38 PM<BR><B>To:</B> canslim@lists.xmission.com<BR><B>Subject:</B> =
Re:=20
[CANSLIM] 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=20
several years of a protracted bear market that would require a =
change in the=20
concept, philosophy, or general rules of CANSLIM. As I perceive =
CANSLIM, it=20
is a system / style / method / philosophy designed for investors, =
especially=20
ones with mid to long term horizons. It certainly is not designed =
nor=20
intended for short term / day trading. Many in this group have =
expressed the=20
opinion that "M" is the single most important letter of the seven, I =
happen=20
to completely agree with that, especially for less experienced =
investors /=20
CANSLIMers. That is doubly true if their risk tolerance is average =
or=20
lower.</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial>Money can and has been made, strictly on the =
long=20
side, no options, no shorting, during the past several years by =
following=20
one's own interpretation of CANSLIM. Without any argument, however, =
that=20
meant taking greater risk, generally required more experience both =
with=20
investing in general and CANSLIM in particular, and was certainly =
for me far=20
greater work with less reward. "M" has been telling us to stay in =
cash, and=20
that is what most have done, judging by the daily volume, as well as =
the=20
amount of posting 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. During that time we have had lots of reasons additionally =
to remain=20
in cash, including the dot com bubble bursting, direct act of =
terrorism=20
against the United States, recession, weak recovering economy, =
upcoming war=20
with Iraq, threats by N. Korea, Japan in a major recession and with =
their=20
financial infrastructure on a continual edge of total collapse, and =
not to=20
ever be forgotten corporate governance issues including fraud, =
deceit, loss=20
of trust, 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=20
is still anyone left (besides me, that is) that will even still =
stick a few=20
bucks 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=20
extended 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=20
href=3D"mailto:camelot.homes@charter.net">david 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>=
=20
</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=20
each time, thereby, making it a sick system. that is why I said it =
is pretty=20
well 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=20
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.=20
CANSLIM is not dead, it is in hibernation until the market =
improves. When=20
will that be? My personal target is when the S&P 500 crosses =
the 200=20
DMA with vigor. <BR>Charley</FONT>=20
</FONT></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
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