Go to Jeff Salisbury LWGate Home Page.From: "Katherine Malm" <kmalm@earthlink.net>
Subject: RE: [CANSLIM] CANSLIM Hunting List 02/21/03 + Notes on CANSLIM
Date: Mon, 24 Feb 2003 08:57:33 -0600
Previous Article (by Author): [CANSLIM] Date: Sun, 23 Feb 2003 16:18:30 -0600 "Fred Richards"
Top of Thread: RE: [CANSLIM] CANSLIM Hunting List 02/21/03 + Notes on CANSLIM "Duke Miller"
Articles sorted by: [Date]
[Author]
[Subject]
This is a multi-part message in MIME format. - ------=_NextPart_000_008B_01C2DBE2.C5225A90 Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit MessageHi Duke, Thanks for the feedback. It reminds me of a breakfast I had with an investing buddy in early March of 2000. We were reviewing the Big Picture as we usually did over the first cup of coffee and in the commentary was the sentence "If you are not already out of this market, you should be." I was already about 50% cash at the time, but actually argued with him (and the paper) that "things would pick back up." He read it to me 3 more times and reminded me of all the failed breakouts I'd been grousing about over the previous couple of months. I went home that day and cleaned out another 40%, grumbling that he was probably wrong, the paper was probably wrong and that I was a real chump for lightening up even though the remaining stocks were just beginning to roll over a bit (My journal note that day...."leaders always roll over last"). It became clear pretty quickly that the paper was correct and that my friend was right to harp on the point as he did. We kick ourselves that we didn't keep a copy of the paper that day, as we have relived the incident many times over the years as we've watched the market continue to roll over wave after wave. Sometimes a sentence like that just reinforces your gut and helps override your head. My friend, already retired at the time, has been out the entire 3 years, waiting for the right "M". I've been riding CANSLIM on the brief upwaves--challenging and do-able, but it takes a whole new skill set to do it over the easy 90's. My friend is always there to cheer me on, but I can't help but notice he has far fewer new crow's feet these days than I do. MILSNAC...good idea! Katherine -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Duke Miller Sent: Monday, February 24, 2003 8:26 AM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] CANSLIM Hunting List 02/21/03 + Notes on CANSLIM Katherine: I (and others, I'm sure) appreciate your analysis and commentary that accompanied your latest CSH list. I've been on the sidelines since very early last year, and was surprised when I downloaded your current list that the most recent one in my "Katherine" file was 7/22/02! I haven't been just on the sidelines, "Duke has left the building"! However, I continue to get that wrenching knot in the stomach as IBD keeps reminding us (DAILY?) of how smart we would have been if we'd just listened to them and moved to the sidelines when they TOLD us to! Whenever that was! I mention this, because I think all too often, well-intended (or formerly so) Canslimmers confuse IBD's terminally contradictory editorial rhetoric with the fact that pure CANSLIM is, quite simply, a very sensible way to select stocks. And it all starts, as you so well put it below, with market bad (or sideways) don't pass go; market up, pass go, collect $200 and..... Maybe, just maybe, more people would get it if we reverse the acronym. Think about it: MILSNAC. And unless the M is ripe for picking, forget ILSNAC. How hard is that? Duke - ------=_NextPart_000_008B_01C2DBE2.C5225A90 Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: quoted-printable <!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD><TITLE>Message</TITLE> <META http-equiv=3DContent-Type content=3D"text/html; = charset=3Dus-ascii"> <META content=3D"MSHTML 6.00.2800.1126" name=3DGENERATOR></HEAD> <BODY> <DIV><SPAN class=3D812193714-24022003>Hi Duke,</SPAN></DIV> <DIV><SPAN class=3D812193714-24022003></SPAN> </DIV> <DIV><SPAN class=3D812193714-24022003>Thanks for the feedback. It = reminds me of a=20 breakfast I had with an investing buddy in early March of 2000. We were=20 reviewing the Big Picture as we usually did over the first cup of coffee = and in=20 the commentary was the sentence "If you are not already out of this = market, you=20 should be." I was already about 50% cash at the time, but actually = argued with=20 him (and the paper) that "things would pick back up." He read it to me 3 = more=20 times and reminded me of all the failed breakouts I'd been grousing = about over=20 the previous couple of months. I went home that day and cleaned out = another 40%,=20 grumbling that he was probably wrong, the paper was probably wrong and = that I=20 was a real chump for lightening up even though the remaining stocks were = just=20 beginning to roll over a bit (My journal note that day...."leaders = always roll=20 over last"). It became clear pretty quickly that the paper was correct = and that=20 my friend was right to harp on the point as he did. We kick ourselves = that we=20 didn't keep a copy of the paper that day, as we have relived the = incident many=20 times over the years as we've watched the market continue to roll over = wave=20 after wave. Sometimes a sentence like that just reinforces your gut and = helps=20 override your head. My friend, already retired at the time, has been out = the=20 entire 3 years, waiting for the right "M". I've been riding CANSLIM on = the brief=20 upwaves--challenging and do-able, but it takes a whole new skill set to = do it=20 over the easy 90's. My friend is always there to cheer me on, but I = can't help=20 but notice he has far fewer new crow's feet these days than I do. = MILSNAC...good=20 idea!</SPAN></DIV> <DIV><SPAN class=3D812193714-24022003></SPAN> </DIV> <DIV><SPAN class=3D812193714-24022003>Katherine</SPAN></DIV> <BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px"> <DIV class=3DOutlookMessageHeader dir=3Dltr align=3Dleft><FONT = face=3DTahoma=20 size=3D2>-----Original Message-----<BR><B>From:</B>=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]<B>On Behalf Of </B>Duke=20 Miller<BR><B>Sent:</B> Monday, February 24, 2003 8:26 AM<BR><B>To:</B> = canslim@lists.xmission.com<BR><B>Subject:</B> RE: [CANSLIM] CANSLIM = Hunting=20 List 02/21/03 + Notes on CANSLIM<BR><BR></FONT></DIV> <DIV><SPAN class=3D500260114-24022003><FONT=20 face=3DArial>Katherine:</FONT></SPAN></DIV> <DIV><SPAN class=3D500260114-24022003><FONT=20 face=3DArial></FONT></SPAN> </DIV> <DIV><SPAN class=3D500260114-24022003><FONT face=3DArial>I (and = others, I'm sure)=20 appreciate your analysis and commentary that accompanied your latest = CSH=20 list. I've been on the sidelines since very early last year, and = was=20 surprised when I downloaded your current list that the most = recent=20 one in my "Katherine" file was 7/22/02! I haven't been = just on=20 the sidelines, "Duke has left the building"!</FONT></SPAN></DIV> <DIV><SPAN class=3D500260114-24022003><FONT=20 face=3DArial></FONT></SPAN> </DIV> <DIV><SPAN class=3D500260114-24022003><FONT face=3DArial>However, I = continue to=20 get that wrenching knot in the stomach as IBD keeps reminding us=20 (DAILY?) of how smart we would have been if we'd just listened to = them=20 and moved to the sidelines when they TOLD us to! Whenever that=20 was! </FONT></SPAN></DIV> <DIV><SPAN class=3D500260114-24022003><FONT=20 face=3DArial></FONT></SPAN> </DIV> <DIV><SPAN class=3D500260114-24022003><FONT face=3DArial>I mention = this, because I=20 think all too often, well-intended (or formerly so) Canslimmers = confuse IBD's=20 terminally contradictory editorial rhetoric with the fact that = pure=20 CANSLIM is, quite simply, a very sensible way to select = stocks. And=20 it all starts, as you so well put it below, with market bad (or = sideways)=20 don't pass go; market up, pass go, collect $200 and..... =20 </FONT></SPAN></DIV> <DIV><SPAN class=3D500260114-24022003><FONT=20 face=3DArial></FONT></SPAN> </DIV> <DIV><SPAN class=3D500260114-24022003><FONT face=3DArial>Maybe, just = maybe, more=20 people would get it if we reverse the acronym. Think about it:=20 MILSNAC. And unless the M is ripe for picking, forget = ILSNAC. =20 </FONT></SPAN></DIV> <DIV><SPAN class=3D500260114-24022003><FONT=20 face=3DArial></FONT></SPAN> </DIV> <DIV><SPAN class=3D500260114-24022003><FONT face=3DArial>How hard is=20 that?</FONT></SPAN></DIV> <DIV><SPAN class=3D500260114-24022003><FONT=20 face=3DArial></FONT></SPAN> </DIV> <DIV><SPAN class=3D500260114-24022003><FONT=20 face=3DArial>Duke</FONT></SPAN></DIV></BLOCKQUOTE></BODY></HTML> - ------=_NextPart_000_008B_01C2DBE2.C5225A90-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
Previous Article (by Author): [CANSLIM] Date: Sun, 23 Feb 2003 16:18:30 -0600 "Fred Richards"
Top of Thread: RE: [CANSLIM] CANSLIM Hunting List 02/21/03 + Notes on CANSLIM "Duke Miller"
Articles sorted by: [Date]
[Author]
[Subject]