Re: [CANSLIM] CANSLIM Hunting List 3/17/03

From: "Charles & Lois Layne" <lelayne@earthlink.net>
Subject: Re: [CANSLIM] CANSLIM Hunting List 3/17/03
Date: Wed, 19 Mar 2003 07:18:55 -0500
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  ----- Original Message -----=20
  From: dlawson=20


  Speaking of CANSLIM hunting lists and the death of CANSLIM. Won never =
said that a B.O.(breakout) was ever a gaurantied bull market rally. He =
said that a major bull market rally never occurred without a B.O.! As =
for picking a stock, as of this rally you could have basically thrown a =
dart at any decent CANSLIM watch list and you would have had your answer =
as to weather CANSLIM was dead or not.Just my opinion.
  Dave


I don't follow declarations that CANSLIM is 'dead.'  I don't believe =
that WON has ever written/said that CANSLIM will work in all market =
seasons.  Indeed, he is rather specific concerning the futility of =
trying to win from CANSLIM in bear markets.  Apparently, some try to =
find bull-type breakouts, fall prey to bear market dynamics, and then =
have the audacity to declare that CANSLIM is dead.

No single investment or trading discipline works in every market =
dynamic.  Sometimes the market dynamics reward one style and punish =
another.  The disciplined investor or trader recognizes what he/she is =
trying to accomplish, what the market & world conditions are, and =
applies the best disciplined approach she/he can.  If one is applying =
only CANSLIM disciplines, then one would be out of a bear market, =
researching and waiting for the return of a validated bull market.  =
That's what I remember from WON, anyway.

Chuck Layne


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<DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
  <DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
  <DIV=20
  style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
  <A title=3Ddlawson92@comcast.net =
href=3D"mailto:dlawson92@comcast.net">dlawson</A>=20
  </DIV>
  <DIV><FONT face=3DArial size=3D2></FONT><FONT face=3DArial =
size=3D2></FONT><BR></DIV>
  <DIV><FONT face=3DArial size=3D2>Speaking of CANSLIM hunting lists and =
the death=20
  of CANSLIM. Won never said that a B.O.(breakout) was ever a gaurantied =
bull=20
  market rally. He said that a major bull market rally never occurred =
without a=20
  B.O.! As for picking a stock, as of this rally you could have =
basically thrown=20
  a dart at any decent CANSLIM watch list and you would have had your =
answer as=20
  to weather CANSLIM was dead or not.Just my opinion.</FONT></DIV>
  <DIV><FONT face=3DArial size=3D2>Dave</FONT></DIV>
  <DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV></BLOCKQUOTE>
<DIV dir=3Dltr><SPAN class=3D171303916-23022003><FONT face=3DArial=20
size=3D2></FONT></SPAN>&nbsp;</DIV>
<DIV dir=3Dltr><SPAN class=3D171303916-23022003><FONT face=3DArial =
size=3D2>I don't=20
follow declarations that CANSLIM is 'dead.'&nbsp; I don't believe that =
WON has=20
ever written/said that CANSLIM will work in all market seasons.&nbsp; =
Indeed, he=20
is rather specific concerning the futility of trying to win from CANSLIM =
in bear=20
markets.&nbsp; Apparently, some try to find bull-type breakouts, fall =
prey to=20
bear market dynamics, and then have the audacity to declare that CANSLIM =
is=20
dead.</FONT></SPAN></DIV>
<DIV dir=3Dltr><SPAN class=3D171303916-23022003><FONT face=3DArial=20
size=3D2></FONT></SPAN>&nbsp;</DIV>
<DIV dir=3Dltr><SPAN class=3D171303916-23022003><FONT face=3DArial =
size=3D2>No single=20
investment or trading&nbsp;discipline works in every market =
dynamic.&nbsp;=20
Sometimes the market dynamics reward one style and punish another.&nbsp; =
The=20
disciplined investor or trader recognizes what he/she is trying to =
accomplish,=20
what the market &amp; world conditions are, and applies the best =
disciplined=20
approach&nbsp;she/he can.&nbsp; If one is applying only CANSLIM =
disciplines,=20
then one would be out of a bear market, researching and waiting for the =
return=20
of a validated bull market.&nbsp; That's what I remember from WON,=20
anyway.</FONT></SPAN></DIV>
<DIV dir=3Dltr><SPAN class=3D171303916-23022003><FONT face=3DArial=20
size=3D2></FONT></SPAN>&nbsp;</DIV>
<DIV dir=3Dltr><SPAN class=3D171303916-23022003><FONT face=3DArial =
size=3D2>Chuck=20
Layne</FONT></SPAN></DIV>
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class=3D171303916-23022003></SPAN>&nbsp;</DIV></BODY></HTML>

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