Re: [CANSLIM] *** OFF TOPIC *** Anti CANSLIM ** Hit Delete


From: "Gene Ricci" <genr@swbell.net>
Subject: Re: [CANSLIM] *** OFF TOPIC *** Anti CANSLIM ** Hit Delete
Date: Tue, 22 Jul 2003 18:26:44 -0500

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I can and I will send it to you offline.

Gene
  ----- Original Message -----=20
  From: Jonathan Lobatto=20
  To: canslim@lists.xmission.com=20
  Sent: Tuesday, July 22, 2003 6:26 PM
  Subject: Re: [CANSLIM] *** OFF TOPIC *** Anti CANSLIM ** Hit Delete


  Gene....an interesting post. At the risk of sliding even further into =
a  non-Canslim discussion, is there a VV user out there that can explain =
or define the VV "relative safety" and "relative timing" features. How =
does "relative timing" differ from RS? Thanks.

  Jon


  ----------------------------------------------------
  This mailbox protected from junk email by Matador
  from MailFrontier, Inc. http://info.mailfrontier.com

    ----- Original Message -----=20
    From: Gene Ricci=20
    To: canslim@lists.xmission.com=20
    Sent: Tuesday, July 22, 2003 7:11 PM
    Subject: [CANSLIM] *** OFF TOPIC *** Anti CANSLIM ** Hit Delete


    A couple of days ago someone asked about VectorVest and CANSLIM. =
Here's a person that thinks using VV is better than looking for CS =
candidates. I removed his name. The following  was posted on one of the =
VectorVest Yahoo Groups this morning (by long time VV user).=20

    Gene


    Anti CANSLIM

    =20

    Much has been written about William O'Neil's stock selection and =
market timing.  Glowing reports of great results and performances =
overshadow the errors in the system that prevent people from being =
successful investors.  Here's my opinion of the Hollywood Huckster's =
system.

    =20

    1)      William O'Neil has only one system of strategy - buying =
stocks on breakouts.  Some people claim that this is the holy grail, but =
others have found that they're buying at the top of the stock, not the =
bottom of a great beginning.  My personal experience has been that after =
I buy at a pivot point, the stock then plunges at least 20% so I have to =
dump the stock and wait until my account is sufficient to buy with.  I =
have destroyed my account totally at least three times since beginning =
with the system.  I used CANSLIM from 1988 to 1998, and had only one =
good year, 1991, when I matched the S&P.  All other years I lost money.  =
On the contrary, VectorVest has an unlimited number of strategies that =
can be implemented.

    =20

    2)      William O'Neil has no idea as to when to sell a stock.  In =
the book, How to Make Money in Stocks, he outlines 30 potential sell =
points.  What I gather is that HE DOESN'T KNOW!! =20

    =20

    3)      William O'Neil suggest that one should buy stocks only =
priced above 12 or 15 dollars a share.  Sorry, fella, but penny stock =
strategies are sound, as Zach's Zoomers has been a great success.

    =20

    4)      William O'Neil says you need to buy low cap stocks.  What =
this means is that you buy stocks with 1 million float or so.  This is =
more dangerous than ever, as the slightest activity of selling can sent =
the stock crashing.

    =20

    5)      In Investor's Business Daily, you can find nothing that =
matches VectorVest's Relative Safety feature.  Basically, IBD's highly =
touted stocks are a piece of trash that made it to the top rankings by =
earnings increase alone.

    =20

    6)      The Relative Strength and Earnings Per Share rankings are of =
no use when trying to find quality stocks.  VectorVest's Relative Timing =
is far superior as it gives an accurate picture of what the stock is =
doing in recent performance.  IBD's ranking implies there are a certain =
number of stocks at 99, the same at 98 etc.  Since the ranking is =
relative, you can't tell if the market is going under accumulation or =
distribution.

    =20

    7)      Chart formation analysis is the bastion of IBD's system.  =
However, you take a look at some of the formations and you will swear =
there is no rhyme or reason to buying the kind of stocks he suggests.  =
Chart formations are not automatic and do not guarantee results.  The =
cup and handle formation is not a trip to financial freedom as WON =
suggests.



    8)      William O'Neil has no safe strategy with his system.  =
Basically, if you want to buy quality large cap stocks, you're out of =
luck.  WON ran a mutual fund in the 1960's, and he was first one year =
then last the next.  WON likes volatile stocks that move up and down =
fast for a wild ride.  Sustainable results?  Not likely.  Also whiz kid =
David Ryan ran a mutual fund in the 1999's called the New USA Growth =
Fund.  His performance was mediocre and the fund was sold after 5 years. =
 David probably gave up as he wasn't getting spectacular results as well =
as he got in his contest results in the 1980's.

    =20

    9)      The volume of chart formation reading makes CANSLIM a burden =
of beast instead of a easy reference that VV gives.  With VV, at the =
touch of a button, I get 10 potential purchases.  With CANSLIM I have to =
wade through tons of material to reach my 7 stocks.  It's so much work =
you can't give any time to your life.

    =20

    10)   William O'Neil suggest to buy one or two stocks if you have =
$5K to $10K and progress up to a 5 stock portfolio.  Most beginning =
investors have a limited amount of money and the burden of picking big =
winners is very difficult.  If they strike out on one or two stocks, how =
are they to regain confidence?  On the contrary, VectorVest suggests =
buying 10 stocks at a time to diversify.  CANSLIM does not diversify, in =
fact id concentrates into a few stocks.  I would not stray from =
legendary stock guru John Templeton's way of diversification.

    =20

    11)   Try to find a short strategy like VectorVest has and you'll =
have a hard time finding one in IBD.  Because William O'Neil has been =
snuffed out in more bear markets than he can remember.  He tried to do =
it with chart formations and it's not the way to go with shorts.  =
VectorVest is right on target with short strategies, and it's at the =
touch of a button.

    =20

    12)  CANSLIM - CAN'T SWIM



    XXXXX

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<DIV><FONT face=3D"Comic Sans MS">I can and I will send it to you=20
offline.</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT>&nbsp;</DIV>
<DIV><FONT face=3D"Comic Sans MS">Gene</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=3Djlobatto@nyc.rr.com =
href=3D"mailto:jlobatto@nyc.rr.com">Jonathan=20
  Lobatto</A> </DIV>
  <DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
  =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
 </DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Tuesday, July 22, 2003 =
6:26=20
PM</DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] *** OFF =
TOPIC ***=20
  Anti CANSLIM ** Hit Delete</DIV>
  <DIV><BR></DIV>
  <DIV><FONT face=3DVerdana color=3D#0000ff>Gene....an interesting post. =
At the risk=20
  of sliding even&nbsp;further into a &nbsp;non-Canslim discussion, is =
there a=20
  VV user out there that can explain or define the VV "relative safety" =
and=20
  "relative timing" features. How does "relative timing" differ from RS? =

  Thanks.</FONT></DIV>
  <DIV><FONT face=3DVerdana color=3D#0000ff></FONT>&nbsp;</DIV>
  <DIV><FONT face=3DVerdana color=3D#0000ff>Jon</FONT></DIV>
  <DIV>&nbsp;</DIV>
  <DIV>&nbsp;</DIV>
  <DIV>----------------------------------------------------<BR>This =
mailbox=20
  protected from junk email by Matador<BR>from MailFrontier, Inc. <A=20
  =
href=3D"http://info.mailfrontier.com">http://info.mailfrontier.com</A><BR=
></DIV>
  <BLOCKQUOTE dir=3Dltr=20
  style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #0000ff 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=3Dgenr@swbell.net href=3D"mailto:genr@swbell.net">Gene =
Ricci</A> </DIV>
    <DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
    =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
    </DIV>
    <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Tuesday, July 22, 2003 =
7:11=20
    PM</DIV>
    <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] *** OFF =
TOPIC ***=20
    Anti CANSLIM ** Hit Delete</DIV>
    <DIV><BR></DIV>
    <DIV><FONT face=3D"Comic Sans MS">A couple of days ago someone asked =
about=20
    VectorVest and CANSLIM. Here's a person that thinks using VV is =
better than=20
    looking for CS candidates. I removed his name. The following&nbsp; =
was=20
    posted on one of the VectorVest Yahoo Groups this morning =
(by&nbsp;long time=20
    VV user).</FONT><FONT face=3D"Times New Roman"><FONT face=3D"Comic =
Sans MS">=20
    </FONT></FONT></DIV>
    <DIV><FONT face=3D"Times New Roman"><FONT=20
    face=3D"Comic Sans MS"></FONT></FONT>&nbsp;</DIV>
    <DIV><FONT face=3D"Times New Roman"><FONT=20
    face=3D"Comic Sans MS">Gene</FONT></DIV>
    <DIV>
    <P class=3DMsoNormal style=3D"MARGIN: 0in 0in 0pt"><FONT=20
    face=3D"Times New Roman"></FONT>&nbsp;</P>
    <P class=3DMsoNormal style=3D"MARGIN: 0in 0in 0pt"><FONT=20
    face=3D"Times New Roman">Anti CANSLIM</FONT></P>
    <P class=3DMsoNormal style=3D"MARGIN: 0in 0in 0pt"><FONT=20
    face=3D"Times New Roman">&nbsp;<o:p></o:p></FONT></P>
    <P class=3DMsoNormal style=3D"MARGIN: 0in 0in 0pt"><FONT=20
    face=3D"Times New Roman">Much has been written about William =
O=92Neil=92s stock=20
    selection and market timing.<SPAN style=3D"mso-spacerun: yes">&nbsp; =

    </SPAN>Glowing reports of great results and performances overshadow =
the=20
    errors in the system that prevent people from being successful=20
    investors.<SPAN style=3D"mso-spacerun: yes">&nbsp; </SPAN>Here=92s =
my opinion of=20
    the Hollywood Huckster=92s system.</FONT></P>
    <P class=3DMsoNormal style=3D"MARGIN: 0in 0in 0pt"><FONT=20
    face=3D"Times New Roman">&nbsp;<o:p></o:p></FONT></P>
    <P class=3DMsoNormal=20
    style=3D"MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: -0.25in; mso-list: =
l0 level1 lfo1; tab-stops: list .5in"><FONT=20
    face=3D"Times New Roman">1)<SPAN=20
    style=3D"FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; =

    </SPAN>William O=92Neil has only one system of strategy =96 buying =
stocks on=20
    breakouts.<SPAN style=3D"mso-spacerun: yes">&nbsp; </SPAN>Some =
people claim=20
    that this is the holy grail, but others have found that they=92re =
buying at=20
    the top of the stock, not the bottom of a great beginning.<SPAN=20
    style=3D"mso-spacerun: yes">&nbsp; </SPAN>My personal experience has =
been that=20
    after I buy at a pivot point, the stock then plunges at least 20% so =
I have=20
    to dump the stock and wait until my account is sufficient to buy =
with.<SPAN=20
    style=3D"mso-spacerun: yes">&nbsp; </SPAN>I have destroyed my =
account totally=20
    at least three times since beginning with the system.<SPAN=20
    style=3D"mso-spacerun: yes">&nbsp; </SPAN>I used CANSLIM from 1988 =
to 1998,=20
    and had only one good year, 1991, when I matched the S&amp;P.<SPAN=20
    style=3D"mso-spacerun: yes">&nbsp; </SPAN>All other years I lost =
money.<SPAN=20
    style=3D"mso-spacerun: yes">&nbsp; </SPAN>On the contrary, =
VectorVest has an=20
    unlimited number of strategies that can be implemented.</FONT></P>
    <P class=3DMsoNormal style=3D"MARGIN: 0in 0in 0pt"><FONT=20
    face=3D"Times New Roman">&nbsp;<o:p></o:p></FONT></P>
    <P class=3DMsoNormal=20
    style=3D"MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: -0.25in; mso-list: =
l0 level1 lfo1; tab-stops: list .5in"><FONT=20
    face=3D"Times New Roman">2)<SPAN=20
    style=3D"FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; =

    </SPAN>William O=92Neil has no idea as to when to sell a stock.<SPAN =

    style=3D"mso-spacerun: yes">&nbsp; </SPAN>In the book, How to Make =
Money in=20
    Stocks, he outlines 30 potential sell points.<SPAN=20
    style=3D"mso-spacerun: yes">&nbsp; </SPAN>What I gather is that HE =
DOESN=92T=20
    KNOW!!<SPAN style=3D"mso-spacerun: yes">&nbsp; </SPAN></FONT></P>
    <P class=3DMsoNormal style=3D"MARGIN: 0in 0in 0pt"><FONT=20
    face=3D"Times New Roman">&nbsp;<o:p></o:p></FONT></P>
    <P class=3DMsoNormal=20
    style=3D"MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: -0.25in; mso-list: =
l0 level1 lfo1; tab-stops: list .5in"><FONT=20
    face=3D"Times New Roman">3)<SPAN=20
    style=3D"FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; =

    </SPAN>William O=92Neil suggest that one should buy stocks only =
priced above=20
    12 or 15 dollars a share.<SPAN style=3D"mso-spacerun: yes">&nbsp;=20
    </SPAN>Sorry, fella, but penny stock strategies are sound, as =
Zach=92s Zoomers=20
    has been a great success.</FONT></P>
    <P class=3DMsoNormal style=3D"MARGIN: 0in 0in 0pt"><FONT=20
    face=3D"Times New Roman">&nbsp;<o:p></o:p></FONT></P>
    <P class=3DMsoNormal=20
    style=3D"MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: -0.25in; mso-list: =
l0 level1 lfo1; tab-stops: list .5in"><FONT=20
    face=3D"Times New Roman">4)<SPAN=20
    style=3D"FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; =

    </SPAN>William O=92Neil says you need to buy low cap stocks.<SPAN=20
    style=3D"mso-spacerun: yes">&nbsp; </SPAN>What this means is that =
you buy=20
    stocks with 1 million float or so.<SPAN style=3D"mso-spacerun: =
yes">&nbsp;=20
    </SPAN>This is more dangerous than ever, as the slightest activity =
of=20
    selling can sent the stock crashing.</FONT></P>
    <P class=3DMsoNormal style=3D"MARGIN: 0in 0in 0pt"><FONT=20
    face=3D"Times New Roman">&nbsp;<o:p></o:p></FONT></P>
    <P class=3DMsoNormal=20
    style=3D"MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: -0.25in; mso-list: =
l0 level1 lfo1; tab-stops: list .5in"><FONT=20
    face=3D"Times New Roman">5)<SPAN=20
    style=3D"FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; =
</SPAN>In=20
    Investor=92s Business Daily, you can find nothing that matches =
VectorVest=92s=20
    Relative Safety feature.<SPAN style=3D"mso-spacerun: yes">&nbsp;=20
    </SPAN>Basically, IBD=92s highly touted stocks are a piece of trash =
that made=20
    it to the top rankings by earnings increase alone.</FONT></P>
    <P class=3DMsoNormal style=3D"MARGIN: 0in 0in 0pt"><FONT=20
    face=3D"Times New Roman">&nbsp;<o:p></o:p></FONT></P>
    <P class=3DMsoNormal=20
    style=3D"MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: -0.25in; mso-list: =
l0 level1 lfo1; tab-stops: list .5in"><FONT=20
    face=3D"Times New Roman">6)<SPAN=20
    style=3D"FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; =

    </SPAN>The Relative Strength and Earnings Per Share rankings are of =
no use=20
    when trying to find quality stocks.<SPAN style=3D"mso-spacerun: =
yes">&nbsp;=20
    </SPAN>VectorVest=92s Relative Timing is far superior as it gives an =
accurate=20
    picture of what the stock is doing in recent performance.<SPAN=20
    style=3D"mso-spacerun: yes">&nbsp; </SPAN>IBD=92s ranking implies =
there are a=20
    certain number of stocks at 99, the same at 98 etc.<SPAN=20
    style=3D"mso-spacerun: yes">&nbsp; </SPAN>Since the ranking is =
relative, you=20
    can=92t tell if the market is going under accumulation or=20
    distribution.</FONT></P>
    <P class=3DMsoNormal style=3D"MARGIN: 0in 0in 0pt"><FONT=20
    face=3D"Times New Roman">&nbsp;<o:p></o:p></FONT></P>
    <P class=3DMsoNormal=20
    style=3D"MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: -0.25in; mso-list: =
l0 level1 lfo1; tab-stops: list .5in"><FONT=20
    face=3D"Times New Roman">7)<SPAN=20
    style=3D"FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; =

    </SPAN>Chart formation analysis is the bastion of IBD=92s =
system.<SPAN=20
    style=3D"mso-spacerun: yes">&nbsp; </SPAN>However, you take a look =
at some of=20
    the formations and you will swear there is no rhyme or reason to =
buying the=20
    kind of stocks he suggests.<SPAN style=3D"mso-spacerun: yes">&nbsp;=20
    </SPAN>Chart formations are not automatic and do not guarantee =
results.<SPAN=20
    style=3D"mso-spacerun: yes">&nbsp; </SPAN>The cup and handle =
formation is not=20
    a trip to financial freedom as WON suggests.</FONT></P>
    <P class=3DMsoNormal=20
    style=3D"MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: -0.25in; mso-list: =
l0 level1 lfo1; tab-stops: list .5in"><FONT=20
    face=3D"Times New Roman"></FONT>&nbsp;</P>
    <P class=3DMsoNormal=20
    style=3D"MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: -0.25in; mso-list: =
l0 level1 lfo1; tab-stops: list .5in"><FONT=20
    face=3D"Times New Roman">8)<SPAN=20
    style=3D"FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; =

    </SPAN>William O=92Neil has no safe strategy with his system.<SPAN=20
    style=3D"mso-spacerun: yes">&nbsp; </SPAN>Basically, if you want to =
buy=20
    quality large cap stocks, you=92re out of luck.<SPAN=20
    style=3D"mso-spacerun: yes">&nbsp; </SPAN>WON ran a mutual fund in =
the 1960=92s,=20
    and he was first one year then last the next. <SPAN=20
    style=3D"mso-spacerun: yes">&nbsp;</SPAN>WON likes volatile stocks =
that move=20
    up and down fast for a wild ride.<SPAN style=3D"mso-spacerun: =
yes">&nbsp;=20
    </SPAN>Sustainable results?<SPAN style=3D"mso-spacerun: yes">&nbsp; =
</SPAN>Not=20
    likely.<SPAN style=3D"mso-spacerun: yes">&nbsp; </SPAN>Also whiz kid =
David=20
    Ryan ran a mutual fund in the 1999=92s called the New USA Growth =
Fund.<SPAN=20
    style=3D"mso-spacerun: yes">&nbsp; </SPAN>His performance was =
mediocre and the=20
    fund was sold after 5 years.<SPAN style=3D"mso-spacerun: yes">&nbsp; =

    </SPAN>David probably gave up as he wasn=92t getting spectacular =
results as=20
    well as he got in his contest results in the 1980=92s.</FONT></P>
    <P class=3DMsoNormal style=3D"MARGIN: 0in 0in 0pt"><FONT=20
    face=3D"Times New Roman">&nbsp;<o:p></o:p></FONT></P>
    <P class=3DMsoNormal=20
    style=3D"MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: -0.25in; mso-list: =
l0 level1 lfo1; tab-stops: list .5in"><FONT=20
    face=3D"Times New Roman">9)<SPAN=20
    style=3D"FONT: 7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; =

    </SPAN>The volume of chart formation reading makes CANSLIM a burden =
of beast=20
    instead of a easy reference that VV gives.<SPAN=20
    style=3D"mso-spacerun: yes">&nbsp; </SPAN>With VV, at the touch of a =
button, I=20
    get 10 potential purchases.<SPAN style=3D"mso-spacerun: yes">&nbsp;=20
    </SPAN>With CANSLIM I have to wade through tons of material to reach =
my 7=20
    stocks.<SPAN style=3D"mso-spacerun: yes">&nbsp; </SPAN>It=92s so =
much work you=20
    can=92t give any time to your life.</FONT></P>
    <P class=3DMsoNormal style=3D"MARGIN: 0in 0in 0pt"><FONT=20
    face=3D"Times New Roman">&nbsp;<o:p></o:p></FONT></P>
    <P class=3DMsoNormal=20
    style=3D"MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: -0.25in; mso-list: =
l0 level1 lfo1; tab-stops: list .5in"><FONT=20
    face=3D"Times New Roman">10)<SPAN style=3D"FONT: 7pt 'Times New =
Roman'">&nbsp;=20
    </SPAN><SPAN style=3D"mso-spacerun: yes">&nbsp;</SPAN>William =
O=92Neil suggest=20
    to buy one or two stocks if you have $5K to $10K and progress up to =
a 5=20
    stock portfolio.<SPAN style=3D"mso-spacerun: yes">&nbsp; </SPAN>Most =
beginning=20
    investors have a limited amount of money and the burden of picking =
big=20
    winners is very difficult.<SPAN style=3D"mso-spacerun: yes">&nbsp; =
</SPAN>If=20
    they strike out on one or two stocks, how are they to regain=20
    confidence?<SPAN style=3D"mso-spacerun: yes">&nbsp; </SPAN>On the =
contrary,=20
    VectorVest suggests buying 10 stocks at a time to diversify.<SPAN=20
    style=3D"mso-spacerun: yes">&nbsp; </SPAN>CANSLIM does not =
diversify, in fact=20
    id concentrates into a few stocks.<SPAN style=3D"mso-spacerun: =
yes">&nbsp;=20
    </SPAN>I would not stray from legendary stock guru John =
Templeton=92s way of=20
    diversification.</FONT></P>
    <P class=3DMsoNormal style=3D"MARGIN: 0in 0in 0pt"><FONT=20
    face=3D"Times New Roman">&nbsp;<o:p></o:p></FONT></P>
    <P class=3DMsoNormal=20
    style=3D"MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: -0.25in; mso-list: =
l0 level1 lfo1; tab-stops: list .5in"><FONT=20
    face=3D"Times New Roman">11)<SPAN style=3D"FONT: 7pt 'Times New =
Roman'">&nbsp;=20
    </SPAN><SPAN style=3D"mso-spacerun: yes">&nbsp;</SPAN>Try to find a =
short=20
    strategy like VectorVest has and you=92ll have a hard time finding =
one in=20
    IBD.<SPAN style=3D"mso-spacerun: yes">&nbsp; </SPAN>Because William =
O=92Neil has=20
    been snuffed out in more bear markets than he can remember.<SPAN=20
    style=3D"mso-spacerun: yes">&nbsp; </SPAN>He tried to do it with =
chart=20
    formations and it=92s not the way to go with shorts.<SPAN=20
    style=3D"mso-spacerun: yes">&nbsp; </SPAN>VectorVest is right on =
target with=20
    short strategies, and it=92s at the touch of a button.</FONT></P>
    <P class=3DMsoNormal style=3D"MARGIN: 0in 0in 0pt"><FONT=20
    face=3D"Times New Roman">&nbsp;<o:p></o:p></FONT></P>
    <P class=3DMsoNormal=20
    style=3D"MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: -0.25in; mso-list: =
l0 level1 lfo1; tab-stops: list .5in"><FONT=20
    face=3D"Times New Roman">12)<SPAN style=3D"FONT: 7pt 'Times New =
Roman'">&nbsp;=20
    </SPAN>CANSLIM =96 CAN=92T SWIM</FONT></P>
    <P class=3DMsoNormal=20
    style=3D"MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: -0.25in; mso-list: =
l0 level1 lfo1; tab-stops: list .5in"><FONT=20
    face=3D"Times New Roman"></FONT>&nbsp;</P>
    <P class=3DMsoNormal=20
  style=3D"MARGIN: 0in 0in =
0pt">XXXXX</P></FONT></DIV></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>

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