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

From: James Lackey <lackey1967@yahoo.com>
Subject: Re: Does CANSLIM Work? (was Re: [CANSLIM] Stock screening criteria for value stocks)
Date: Thu, 6 Mar 2003 20:05:16 -0800 (PST)

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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
> 
> 
> 
> -
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> -In the email body, write "subscribe canslim" or
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