Go to Jeff Salisbury LWGate Home Page.From: "Fred Richards" <ffradrich@attbi.com>
Subject: RE: [CANSLIM] POSS
Date: Sat, 22 Feb 2003 12:30:11 -0600
Next Article (by Author): Re: [CANSLIM] POSS "Tom Worley"
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Second those thoughts!
- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of Tom Worley
Sent: Saturday, February 22, 2003 11:21 AM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] POSS
sorry 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 -----
From: david <mailto:camelot.homes@charter.net> frank
To: canslim@lists.xmission.com
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 -----
From: Fred <mailto:ffradrich@attbi.com> Richards
To: canslim@lists.xmission.com
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.
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 frank <mailto:camelot.homes@charter.net>
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=3D765592918-22022003><FONT face=3DArial color=3D#0000ff =
size=3D2>Second=20
those thoughts!</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> Saturday, February 22, =
2003=20
11:21 AM<BR><B>To:</B> canslim@lists.xmission.com<BR><B>Subject:</B> =
Re:=20
[CANSLIM] POSS<BR><BR></FONT></DIV>
<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=20
activity is subject to scrutiny by the NASD and SEC. I don't post =
anything=20
that can be taken as a "recommendation", if I did it would only be to =
clients=20
paying for my services, and where I had the KYC (Know Your Customer) =
knowledge=20
to be sure my comments, recommendations, etc. were appropriate and =
suitable=20
for that client's particular financial condition, risk tolerance, =
investment=20
goals, etc.</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial>If I ever manage to make the right connection, =
and find=20
a job as a small cap growth fund manager, I will be glad to tell you =
what fund=20
I 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, =
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>=
=20
</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=20
investors portfolio by keeping you in cash probably as well as any =
system=20
out 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=20
the last three years. Compared to the show of hands in most =
investors=20
group, 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=20
the concept, philosophy, or general rules of CANSLIM. As I =
perceive=20
CANSLIM, it is a system / style / method / philosophy designed for =
investors, especially ones with mid to long term horizons. It =
certainly is=20
not designed nor intended for short term / day trading. Many in =
this group=20
have expressed the opinion that "M" is the single most important =
letter of=20
the seven, I happen to completely agree with that, especially for =
less=20
experienced investors / CANSLIMers. That is doubly true if their =
risk=20
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=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=20
far greater work with less reward. "M" has been telling us to stay =
in=20
cash, and that is what most have done, judging by the daily =
volume, as=20
well as the 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=20
company. During that time we have had lots of reasons additionally =
to=20
remain in cash, including the dot com bubble bursting, direct act =
of=20
terrorism against the United States, recession, weak recovering =
economy,=20
upcoming war with Iraq, threats by N. Korea, Japan in a major =
recession=20
and with their financial infrastructure on a continual edge of =
total=20
collapse, and not to ever be forgotten corporate governance issues =
including fraud, deceit, loss of trust, personal executive greed,=20
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=20
there is still anyone left (besides me, that is) that will even =
still=20
stick a few 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=20
its time, and this bear market finally retreats back into its cave =
for an=20
extended hibernation. Until then, it will be CANSLIM hibernating, =
coming=20
out occasionally to see if the weather has begun to thaw the ice, =
and=20
going back into the cave if the answer is still no. The big lesson =
of=20
CANSLIM is to preserve your capital so you survive to see better =
days.=20
There's nothing "sick" about the system, it's doing exactly what =
it is=20
designed and intended to do, preserve your capital until "M" =
favors the=20
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=20
hibernation approximately 15 times in the past 3 years and got =
shot back=20
in it's hole each time, thereby, making it a sick system. that is =
why I=20
said it is pretty well dead. Even your personal target is not =
within=20
CANSLIM guide-lines. 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=20
4:48 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.=20
When will that be? My personal target is when the S&P 500 =
crosses=20
the 200 DMA with vigor. <BR>Charley</FONT>=20
=
</FONT></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>=
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