Re: [CANSLIM] Re: Does CANSLIM Work?

From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] Re: Does CANSLIM Work?
Date: Fri, 7 Mar 2003 00:33:45 -0500

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James, read the book, and follow along in this group for a while, or spend
some time in the archives of posts from here. Your question has been asked,
and discussed, many times. The most important letter in CANSLIM is "M", and
there is an entire chapter on it in the book, plus much other material in
the FAQ.

- ----- Original Message -----
From: "James Lackey" <lackey1967@yahoo.com>
To: <canslim@lists.xmission.com>
Sent: Friday, March 07, 2003 12:08 AM
Subject: Re: [CANSLIM] Re: Does CANSLIM Work?


" CANSLIM advocates a 100% cash position when the technical
> situation of the market is negative."  So this CANSLIM has been in cash
since 2000?  How do you know when the market turns negative, until it goes
down?  Then how do you know when it is time to get back in when the market
goes up?  So I sell after it starts going down and I buy after it starts
going up?  I do not understand..LACK

- --- AJAskey@aol.com wrote:
> James,
>
> CANSLIM is nothing mystical.  The goal is to find the best fundamental
> growth
> stocks and buy them just as they make their major price moves.  It differs
>
> from most fundamental growth stategies in that it does not advocate buying
> a
> stock with exceptional fundamentals and waiting for the market to "figure
> out
> the value".  The goal is to buy each stock just as it begins a major price
>
> move.  The market's general conditions are consider as the probabilty of
> success is greatly increased in a bull market (and decreased in a bear
> market).  CANSLIM advocates a 100% cash position when the technical
> situation
> of the market is negative.  There are rules and guides outlining what and
> when to buy and sell but it still requires judgement and experience to
> maximize profits.
>
> I recommend reading O'Neil's book before you attempt to trade using
> CANSLIM.
> Even if you decide against CANSLIM as a strategy, you will probably learn
> enough to make/save hundreds, thousands, and maybe millions of times the
> $12
> cost of the book.
>
> Andy
>


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