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Subject: RE: [CANSLIM] CANSLIM Hunting List 3/17/03
Date: Wed, 19 Mar 2003 14:37:26 +0100
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What rules have you modified of CANSLIM in this bear market?
- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of Tom Worley
Sent: woensdag 19 maart 2003 14:05
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] CANSLIM Hunting List 3/17/03
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 -----
From: Charles <mailto:lelayne@earthlink.net> & Lois Layne
To: canslim@lists.xmission.com
Sent: Wednesday, March 19, 2003 7:18 AM
Subject: Re: [CANSLIM] CANSLIM Hunting List 3/17/03
- ----- Original Message -----
From: dlawson <mailto:dlawson92@comcast.net>
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 class=3DSection1>
<p class=3DMsoNormal><font size=3D2 color=3Dnavy face=3DArial><span =
style=3D'font-size:
10.0pt;font-family:Arial;color:navy'>What rules have you modified of =
CANSLIM in
this bear market?<o:p></o:p></span></font></p>
<p class=3DMsoNormal><font size=3D2 color=3Dnavy face=3DArial><span =
style=3D'font-size:
10.0pt;font-family:Arial;color:navy'><o:p> </o:p></span></font></p>
<p class=3DMsoNormal style=3D'margin-left:35.4pt'><font size=3D2 =
face=3DTahoma><span
lang=3DEN-US =
style=3D'font-size:10.0pt;font-family:Tahoma;mso-ansi-language:EN-US'>---=
- --Original
Message-----<br>
<b><span style=3D'font-weight:bold'>From:</span></b>
owner-canslim@lists.xmission.com =
[mailto:owner-canslim@lists.xmission.com] <b><span
style=3D'font-weight:bold'>On Behalf Of </span></b>Tom Worley<br>
<b><span style=3D'font-weight:bold'>Sent:</span></b> woensdag 19 maart =
2003 14:05<br>
<b><span style=3D'font-weight:bold'>To:</span></b> =
canslim@lists.xmission.com<br>
<b><span style=3D'font-weight:bold'>Subject:</span></b> Re: [CANSLIM] =
CANSLIM
Hunting List 3/17/03</span></font></p>
<p class=3DMsoNormal style=3D'margin-left:35.4pt'><font size=3D3
face=3D"Times New Roman"><span =
style=3D'font-size:12.0pt'><o:p> </o:p></span></font></p>
<div>
<p class=3DMsoNormal style=3D'margin-left:35.4pt'><font size=3D3 =
face=3DArial><span
style=3D'font-size:12.0pt;font-family:Arial'>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.</span></font><o:p></o:p></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:35.4pt'><font size=3D3
face=3D"Times New Roman"><span =
style=3D'font-size:12.0pt'> <o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:35.4pt'><font size=3D3 =
face=3DArial><span
style=3D'font-size:12.0pt;font-family:Arial'>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.</span></font><o:p></o:p></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:35.4pt'><font size=3D3
face=3D"Times New Roman"><span =
style=3D'font-size:12.0pt'> <o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:35.4pt'><font size=3D3 =
face=3DArial><span
style=3D'font-size:12.0pt;font-family:Arial'>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.</span></font><o:p></o:p></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:35.4pt'><font size=3D3
face=3D"Times New Roman"><span =
style=3D'font-size:12.0pt'> <o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:35.4pt'><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'>----- Original Message =
- ----- <o:p></o:p></span></font></p>
<div style=3D'font-color:black'>
<p class=3DMsoNormal =
style=3D'margin-left:35.4pt;background:#E4E4E4'><b><font
size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;font-weight:
bold'>From:</span></font></b><font size=3D2 face=3DArial><span =
style=3D'font-size:
10.0pt;font-family:Arial'> <a href=3D"mailto:lelayne@earthlink.net"
title=3D"lelayne@earthlink.net">Charles & Lois Layne</a> =
<o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:35.4pt'><b><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'>To:</span><=
/font></b><font
size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial'> <a
href=3D"mailto:canslim@lists.xmission.com" =
title=3D"canslim@lists.xmission.com">canslim@lists.xmission.com</a>
<o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:35.4pt'><b><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'>Sent:</span=
></font></b><font
size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial'> Wednesday,
March 19, 2003 7:18 AM<o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:35.4pt'><b><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'>Subject:</s=
pan></font></b><font
size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial'> Re:
[CANSLIM] CANSLIM Hunting List 3/17/03<o:p></o:p></span></font></p>
</div>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:35.4pt'><font size=3D3
face=3D"Times New Roman"><span =
style=3D'font-size:12.0pt'><o:p> </o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:35.4pt'><font size=3D3
face=3D"Times New Roman"><span =
style=3D'font-size:12.0pt'> <o:p></o:p></span></font></p>
</div>
<blockquote style=3D'border:none;border-left:solid black =
1.5pt;padding:0cm 0cm 0cm 4.0pt;
margin-left:3.75pt;margin-top:5.0pt;margin-right:0cm;margin-bottom:5.0pt'=
>
<div>
<p class=3DMsoNormal style=3D'margin-left:35.4pt'><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'>----- Original Message =
- ----- <o:p></o:p></span></font></p>
</div>
<div style=3D'font-color:black'>
<p class=3DMsoNormal =
style=3D'margin-left:35.4pt;background:#E4E4E4'><b><font
size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;font-weight:
bold'>From:</span></font></b><font size=3D2 face=3DArial><span =
style=3D'font-size:
10.0pt;font-family:Arial'> <a href=3D"mailto:dlawson92@comcast.net"
title=3D"dlawson92@comcast.net">dlawson</a> =
<o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:35.4pt'><font size=3D3
face=3D"Times New Roman"><span =
style=3D'font-size:12.0pt'><o:p> </o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:35.4pt'><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'>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.</span></font><o:p></o:p></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:35.4pt'><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'>Dave</span></font><o:p></o:p=
></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:35.4pt'><font size=3D3
face=3D"Times New Roman"><span =
style=3D'font-size:12.0pt'> <o:p></o:p></span></font></p>
</div>
</blockquote>
<div>
<p class=3DMsoNormal style=3D'margin-left:35.4pt'><font size=3D3
face=3D"Times New Roman"><span =
style=3D'font-size:12.0pt'> <o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:35.4pt'><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'>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.</span></font><o:p></o:p></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:35.4pt'><font size=3D3
face=3D"Times New Roman"><span =
style=3D'font-size:12.0pt'> <o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:35.4pt'><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'>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.</span></font><o:p></o:p></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:35.4pt'><font size=3D3
face=3D"Times New Roman"><span =
style=3D'font-size:12.0pt'> <o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:35.4pt'><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'>Chuck =
Layne</span></font><o:p></o:p></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:35.4pt'><font size=3D3
face=3D"Times New Roman"><span =
style=3D'font-size:12.0pt'> <o:p></o:p></span></font></p>
</div>
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