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Subject: RE: [CANSLIM] POSS
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- --0-447644821-1046114811=:87461 Content-Type: text/plain; charset=us-ascii what's the SI website? Fred Richards <ffradrich@attbi.com> wrote:Actually, my CANSLIM performance as represented by the Conservative portfolio is shown on the public portion of the SI website.-----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of david frank Sent: Saturday, February 22, 2003 11:46 AM To: canslim@lists.xmission.com 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 ----- From: Tom Worley To: canslim@lists.xmission.com Sent: Saturday, February 22, 2003 11:21 AMSubject: 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 PMSubject: 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 AMSubject: 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 PMSubject: 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. DaveFrom: Chazmoore@aol.com To: canslim@lists.xmission.com Sent: Friday, February 21, 2003 4:48 PMSubject: 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, and more - --0-447644821-1046114811=:87461 Content-Type: text/html; charset=us-ascii <P>what's the SI website? <P> <B><I>Fred Richards <ffradrich@attbi.com></I></B> wrote: <BLOCKQUOTE style="PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #1010ff 2px solid"> <META content="MSHTML 6.00.2800.1141" name=GENERATOR> <STYLE></STYLE> <DIV><SPAN class=156293018-22022003><FONT face=Arial color=#0000ff size=2>Actually, my CANSLIM performance as represented by the Conservative portfolio is shown on the public portion of the SI website.</FONT></SPAN></DIV> <BLOCKQUOTE dir=ltr style="MARGIN-RIGHT: 0px"> <DIV></DIV> <DIV class=OutlookMessageHeader lang=en-us dir=ltr align=left><FONT face=Tahoma size=2>-----Original Message-----<BR><B>From:</B> owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] <B>On Behalf Of </B>david frank<BR><B>Sent:</B> Saturday, February 22, 2003 11:46 AM<BR><B>To:</B> canslim@lists.xmission.com<BR><B>Subject:</B> Re: [CANSLIM] POSS<BR><BR></FONT></DIV> <DIV><FONT face=Arial size=2>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</FONT></DIV> <BLOCKQUOTE dir=ltr style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px"> <DIV style="FONT: 10pt arial">----- Original Message ----- </DIV> <DIV style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B> <A title=stkguru@bellsouth.net href="mailto:stkguru@bellsouth.net">Tom Worley</A> </DIV> <DIV style="FONT: 10pt arial"><B>To:</B> <A title=canslim@lists.xmission.com href="mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A> </DIV> <DIV style="FONT: 10pt arial"><B>Sent:</B> Saturday, February 22, 2003 11:21 AM</DIV> <DIV style="FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] POSS</DIV> <DIV><BR></DIV> <DIV><FONT face=Arial>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.</FONT></DIV> <DIV><FONT face=Arial></FONT> </DIV> <DIV><FONT face=Arial>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.</FONT></DIV> <DIV><FONT face=Arial></FONT> </DIV> <DIV><FONT face=Arial>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.</FONT></DIV> <DIV><FONT face=Arial></FONT> </DIV> <DIV><FONT face=Arial>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.</FONT></DIV> <DIV><FONT face=Arial></FONT> </DIV> <DIV style="FONT: 10pt arial">----- Original Message ----- <DIV style="BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> <A title=camelot.homes@charter.net href="mailto:camelot.homes@charter.net">david frank</A> </DIV> <DIV><B>To:</B> <A title=canslim@lists.xmission.com href="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=Arial size=2>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</FONT></DIV> <BLOCKQUOTE dir=ltr style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px"> <DIV style="FONT: 10pt arial">----- Original Message ----- </DIV> <DIV style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B> <A title=ffradrich@attbi.com href="mailto:ffradrich@attbi.com">Fred Richards</A> </DIV> <DIV style="FONT: 10pt arial"><B>To:</B> <A title=canslim@lists.xmission.com href="mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A> </DIV> <DIV style="FONT: 10pt arial"><B>Sent:</B> Saturday, February 22, 2003 5:34 AM</DIV> <DIV style="FONT: 10pt arial"><B>Subject:</B> RE: [CANSLIM] POSS</DIV> <DIV><BR></DIV> <DIV><SPAN class=531222711-22022003><FONT face=Arial color=#0000ff size=2>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. </FONT></SPAN></DIV> <DIV><SPAN class=531222711-22022003><FONT face=Arial color=#0000ff size=2></FONT></SPAN> </DIV> <DIV><SPAN class=531222711-22022003><FONT face=Arial color=#0000ff size=2>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!</FONT></SPAN></DIV> <BLOCKQUOTE dir=ltr style="MARGIN-RIGHT: 0px"> <DIV></DIV> <DIV class=OutlookMessageHeader lang=en-us dir=ltr align=left><FONT face=Tahoma size=2>-----Original Message-----<BR><B>From:</B> owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] <B>On Behalf Of </B>Tom Worley<BR><B>Sent:</B> Friday, February 21, 2003 9:38 PM<BR><B>To:</B> canslim@lists.xmission.com<BR><B>Subject:</B> Re: [CANSLIM] POSS<BR><BR></FONT></DIV> <DIV><FONT face=Arial>David,</FONT></DIV> <DIV><FONT face=Arial></FONT> </DIV> <DIV><FONT face=Arial>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.</FONT></DIV> <DIV><FONT face=Arial></FONT> </DIV> <DIV><FONT face=Arial>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.</FONT></DIV> <DIV><FONT face=Arial></FONT> </DIV> <DIV><FONT face=Arial>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.</FONT></DIV> <DIV><FONT face=Arial></FONT> </DIV> <DIV><FONT face=Arial>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.</FONT></DIV> <DIV><FONT face=Arial></FONT> </DIV> <DIV><FONT face=Arial>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.</FONT></DIV> <DIV><FONT face=Arial></FONT> </DIV> <DIV style="FONT: 10pt arial">----- Original Message ----- <DIV style="BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> <A title=camelot.homes@charter.net href="mailto:camelot.homes@charter.net">david frank</A> </DIV> <DIV><B>To:</B> <A title=canslim@lists.xmission.com href="mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A> </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=Arial></FONT><FONT face=Arial></FONT><BR></DIV> <DIV><FONT face=Arial size=2>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</FONT></DIV> <BLOCKQUOTE style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px"> <DIV style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B> <A title=Chazmoore@aol.com href="mailto:Chazmoore@aol.com">Chazmoore@aol.com</A> </DIV> <DIV style="FONT: 10pt arial"><B>To:</B> <A title=canslim@lists.xmission.com href="mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A> </DIV> <DIV style="FONT: 10pt arial"><B>Sent:</B> Friday, February 21, 2003 4:48 PM</DIV> <DIV style="FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] POSS</DIV> <DIV><BR></DIV><FONT face=arial,helvetica><FONT size=2>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. <BR>Charley</FONT> </FONT></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE><p><br><hr size=1>Do you Yahoo!?<br> <a href="http://rd.yahoo.com/finance/mailtagline/*http://taxes.yahoo.com/">Yahoo! Tax Center</a> - forms, calculators, tips, and more - --0-447644821-1046114811=:87461-- - - - -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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