Re: Does CANSLIM Work? (was Re: [CANSLIM] Stock screening criteria for value stocks)

From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: Does CANSLIM Work? (was Re: [CANSLIM] Stock screening criteria for value stocks)
Date: Thu, 6 Mar 2003 23:13:57 -0500

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James, CANSLIM is about investing, not day trading. So while a few
successful day traders may well succeed in adapting some of CANSLIM to their
own method of trading, that is not it's purpose.  If you have not yet read,
then studied, Wm O'Neil's book How To Make Money In Stocks (HTMMIS), then
that would be your first step if you want to switch away from day trading. I
would also suggest reviewing the information and resources which Katherine
set up as a FAQ at

This FAQ is also available at:
http://WallStreet-LLC.com/canslim/CANSLIMFAQ.doc or
http://WallStreet-LLC.com/canslim/CANSLIMFAQ.zip (zipped version for those
who are having trouble displaying the document within their browser)

CANSLIM is not a "system". Rather it is more a discipline or a philosophy,
which also means it lends itself well to personalizing it to your own level
of experience, discipline, time to work it, risk tolerance, investment goals
(short, mid or long term), etc.


- ----- Original Message -----
From: "James Lackey" <lackey1967@yahoo.com>
To: <canslim@lists.xmission.com>
Sent: Thursday, March 06, 2003 11:05 PM
Subject: Re: Does CANSLIM Work? (was Re: [CANSLIM] Stock screening criteria
for value stocks)


Tom, very nice testemonial.  I appreciate your experience in the markets.  I
have much to learn.  Would you please be very specific in how canslim works?
 I try to take a scientific approach to the markets.  Is there anything that
you guys have backtested?  Regrettably I have lost millions to my brokers
daytrading.  I can't afford to trade systems unless the are an edge.  LACK
- --- Tom Worley <stkguru@bellsouth.net> wrote:
> James, I snipped off the rest of your post, as it didn't apply to the
> question you ask.
>
> Does CANSLIM work? I say yes, at least for me, my style, my application,
> and
> directly in proportion to my diligence, time available, discipline in
> sticking to what I have found works for me.
>
> That said, with over 15 years of full time involvement in the securities
> industry, and an active investor throughout that time, plus another 30
> years
> of limited investing and activity, I find that CANSLIM makes the most
> sense
> to me of all systems I have studied and tried. Have I tried all of them?
> Of
> course not, but I have at least dabbled over the years in most that have
> been around for more than a year or two.
>
> CANSLIM has survived the test of time. People still use it, and new people
> still want to learn about it. That alone means it is successful on some
> level. And because I am not the only one that has been using it
> consistently
> (according to my own style, interpretation, and all the other caveats) for
> well over a decade straight and still believe in it, I must conclude that
> it
> is successful for at least some investors.
>
> That fact that this board, dedicated to learning about CANSLIM, is still
> around after over 7 years, and still has a number of the original members,
> says a lot about the success of CANSLIM.
>
> ----- Original Message -----
> From: "James Lackey" <lackey1967@yahoo.com>
> To: <canslim@lists.xmission.com>
> Sent: Thursday, March 06, 2003 10:16 PM
> Subject: RE: [CANSLIM] Stock screening criteria for value stocks
>
>
> Does anyone have any statistics that verify that canslim works?  The
> problem
> I see is that it can not be broken down into a falseafiable hypothesis.
> Thank you LACK
>
>
>
> -
> -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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