Go to Jeff Salisbury LWGate Home Page.From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] POSS
Date: Sat, 22 Feb 2003 12:59:15 -0500
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MessageI won't be convinced that "M" has turned bullish until I see some =
major differences in the index charts. I also suspect that will not =
happen until the index charts quit modeling each other to the point that =
you have to look at the scale, or the title, to be sure which one you =
are viewing.
"M" will keep poking its nose out of the cave and sniffing the air, =
until finally it decides that spring has arrived and stay out for good. =
That's when you better be ready, or you could easily miss the first leg =
up. This is a good time to practice, study, research, and set up / =
maintain watch lists to see how they behave. That behavior may be the =
best and earliest clue to what "M" is actually doing.
- ----- Original Message -----=20
From: david frank=20
To: canslim@lists.xmission.com=20
Sent: Saturday, February 22, 2003 12:45 PM
Subject: Re: [CANSLIM] POSS
Tom, I wasn't looking for "recommendations", just facts. And I really =
appreciate your personal opinion, which was based on my statements. I =
have always noticed that your after-"recommendations" are rather =
different than CANSLIM standards. If you don't want to do the stock =
thing, you can tell us when "M" is "M". You know it could be next =
week-right? maybe, for the 16th time. Dave
----- Original Message -----=20
From: Tom Worley=20
To: canslim@lists.xmission.com=20
Sent: Saturday, February 22, 2003 11:21 AM
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 -----=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>
<META http-equiv=3DContent-Type content=3D"text/html; =
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<DIV><FONT face=3DArial>I won't be convinced that "M" has turned bullish =
until I=20
see some major differences in the index charts. I also suspect that will =
not=20
happen until the index charts quit modeling each other to the point that =
you=20
have to look at the scale, or the title, to be sure which one you are=20
viewing.</FONT></DIV>
<DIV><FONT face=3DArial></FONT> </DIV>
<DIV><FONT face=3DArial>"M" will keep poking its nose out of the cave =
and sniffing=20
the air, until finally it decides that spring has arrived and stay out =
for good.=20
That's when you better be ready, or you could easily miss the first leg =
up. This=20
is a good time to practice, study, research, and set up / maintain watch =
lists=20
to see how they behave. That behavior may be the best and earliest clue =
to what=20
"M" is actually doing.</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 12:45 PM</DIV>
<DIV><B>Subject:</B> Re: [CANSLIM] POSS</DIV></DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial size=3D2>Tom, I wasn't looking for =
"recommendations", just=20
facts. And I really appreciate your personal opinion, which was based on =
my=20
statements. I have always noticed that your after-"recommendations" =
are=20
rather different than CANSLIM standards. If you don't want to do =
the stock=20
thing, you can tell us when "M" is "M". You know it could be next =
week-right?=20
maybe, for the 16th time. 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=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> Saturday, February 22, =
2003 11:21=20
AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
POSS</DIV>
<DIV><BR></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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