Go to Jeff Salisbury LWGate Home Page.From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] CANSLIM Hunting List 3/17/03
Date: Wed, 19 Mar 2003 08:05:24 -0500
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This is a multi-part message in MIME format. - ------=_NextPart_000_005C_01C2EDEE.4B728170 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Chuck, essentially I agree. However, that said, CANSLIM is designed to = reduce risk and increase probability of making money for the majority. = It works best in a bull market trend, but it still works (albeit with = more risk, more work and substantially heightened frequency of failure) = for the long term investor even in a continuing bear market such as we = have had. Pure CANSLIM won't do this, sticking strictly to the = conservative rules designed to enhance probability of success for the = majority of investors with limited investing or CANSLIM experience = dictates being out of the market during a bear trend. For most CANSLIMers, it has been a period of cash and hibernation the = past several years, and maybe for some years yet to come. Some investors = needing / wanting to be in the markets will have to change style and = strategy, converting from investing to day or short term trading. Some = will "reinvent" CANSLIM, and use it as a gauge in order to trade the = short side of the markets. Some, like myself, will stay on the long = side, but modify the rules of CANSLIM, take more risk, and obtain less = return even with more work. Bottom line, CANSLIM is not dead by any means, not in this bear market, = not in any past bears, and not likely for future bears as well. - ----- Original Message -----=20 From: Charles & Lois Layne=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, March 19, 2003 7:18 AM Subject: Re: [CANSLIM] CANSLIM Hunting List 3/17/03 ----- 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 - ------=_NextPart_000_005C_01C2EDEE.4B728170 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable <!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD> <META http-equiv=3DContent-Type content=3D"text/html; = charset=3Diso-8859-1"> <META content=3D"MSHTML 6.00.2800.1141" name=3DGENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=3D#ffffff> <DIV><FONT face=3DArial>Chuck, essentially I agree. However, that said, = CANSLIM is=20 designed to reduce risk and increase probability of making money for the = majority. It works best in a bull market trend, but it still works = (albeit with=20 more risk, more work and substantially heightened frequency of = failure) for=20 the long term investor even in a continuing bear market such as we have = had.=20 Pure CANSLIM won't do this, sticking strictly to the conservative rules = designed=20 to enhance probability of success for the majority of investors with = limited=20 investing or CANSLIM experience dictates being out of the market during = a bear=20 trend.</FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV><FONT face=3DArial>For most CANSLIMers, it has been a period of = cash and=20 hibernation the past several years, and maybe for some years yet to = come. Some=20 investors needing / wanting to be in the markets will have to change = style and=20 strategy, converting from investing to day or short term trading. Some = will=20 "reinvent" CANSLIM, and use it as a gauge in order to trade the short = side of=20 the markets. Some, like myself, will stay on the long side, but modify = the rules=20 of CANSLIM, take more risk, and obtain less return even with more=20 work.</FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV><FONT face=3DArial>Bottom line, CANSLIM is not dead by any means, = not in this=20 bear market, not in any past bears, and not likely for future bears as=20 well.</FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV style=3D"FONT: 10pt arial">----- Original Message -----=20 <DIV style=3D"BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> <A=20 title=3Dlelayne@earthlink.net = href=3D"mailto:lelayne@earthlink.net">Charles &=20 Lois Layne</A> </DIV> <DIV><B>To:</B> <A title=3Dcanslim@lists.xmission.com=20 href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>= </DIV> <DIV><B>Sent:</B> Wednesday, March 19, 2003 7:18 AM</DIV> <DIV><B>Subject:</B> Re: [CANSLIM] CANSLIM Hunting List = 3/17/03</DIV></DIV> <DIV><BR></DIV> <DIV><FONT face=3DArial size=3D2></FONT> </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> </DIV></BLOCKQUOTE> <DIV dir=3Dltr><SPAN class=3D171303916-23022003><FONT face=3DArial=20 size=3D2></FONT></SPAN> </DIV> <DIV dir=3Dltr><SPAN class=3D171303916-23022003><FONT face=3DArial = size=3D2>I don't=20 follow declarations that CANSLIM is 'dead.' I don't believe that = WON has=20 ever written/said that CANSLIM will work in all market seasons. = Indeed, he=20 is rather specific concerning the futility of trying to win from CANSLIM = in bear=20 markets. 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> </DIV> <DIV dir=3Dltr><SPAN class=3D171303916-23022003><FONT face=3DArial = size=3D2>No single=20 investment or trading discipline works in every market = dynamic. =20 Sometimes the market dynamics reward one style and punish another. = The=20 disciplined investor or trader recognizes what he/she is trying to = accomplish,=20 what the market & world conditions are, and applies the best = disciplined=20 approach she/he can. 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. 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> </DIV> <DIV dir=3Dltr><SPAN class=3D171303916-23022003><FONT face=3DArial = size=3D2>Chuck=20 Layne</FONT></SPAN></DIV> <DIV dir=3Dltr><SPAN = class=3D171303916-23022003></SPAN> </DIV></BODY></HTML> - ------=_NextPart_000_005C_01C2EDEE.4B728170-- - - - -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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