Go to Jeff Salisbury LWGate Home Page.From: Fanus <fanus13@yahoo.com>
Subject: Re: [CANSLIM] POSS
Date: Sat, 22 Feb 2003 11:57:02 -0800 (PST)
Previous Article (by Subject): [CANSLIM] Investors Business Daily "Chris Jones"
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David You obviously do not believe in CANSLIM. Why don't you rather spend your time and energy to find something you do believe in, instead of almost demanding from people on here to prove CANSLIM is working? No one here force you to use CANSLIM and no one here have to prove anything to you. If you don't like CANSLIM, then don't use it. As simple as that. Regards - - Fanus - --- david frank <camelot.homes@charter.net> wrote: > MessageTom, 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 ----- > From: Tom Worley > To: canslim@lists.xmission.com > 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 ----- > From: david 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 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 > 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 __________________________________________________ Do you Yahoo!? Yahoo! Tax Center - forms, calculators, tips, more http://taxes.yahoo.com/ - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
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