Go to Jeff Salisbury LWGate Home Page.From: Spencer48@aol.com
Subject: Re: [CANSLIM] Foreign Markets CANSLIM?
Date: Sat, 22 Feb 2003 21:24:49 EST
Next Article (by Subject): Re: [CANSLIM] Investors Business Daily "Tom Worley"
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Jonathan:
A lot of CANSLIM is based on the concept of chart analysis (and chart
analysis is based on psychology of buyers and sellers, ie. greed and fear).
And that NEVER changes. For instance, historical charts are as worthwhile to
study (for insight) as current charts. Additionally, some stock investors
don't even look at what the company issuing the stock produces-they buy or
sell on the chart.
However, CANSLIM is not TOTALLY based on chart analysis. It is also
based on fundamentals-and excellent fundamentals (such as earnings) are
essential to the CANSLIM method. Because of this, I would be wary of foreign
stocks for this reason: Those who don't live in the foreign country can
never be as sure of what the govt. is doing to help or hinder the company.
And, as you point out, foreign earnings might be illusory. For instance, in
DGO (which uses CANSLIM to analyze stocks) earnings do not include
extaordinary or one time occurrences.
jans
In a message dated 2/22/2003 2:09:14 PM Eastern Standard Time,
jlobatto@nyc.rr.com writes:
<< As has been discussed here for a very long time, "M" stinks. However,
there have been foreign markets (China and a few others) where "M" has
actually been pretty decent the past year or so. I'm wondering if anyone has
tried applying CANSLIM in a foreign market? >>
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