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 18:53:20 -0500

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Hi Dave, VV has published  procedures for calculating value and relative =
value, they are in the founder of VV's book.... that is sent to each =
subscriber at no charge. =20

Gene
  ----- Original Message -----=20
  From: Davellil5@aol.com=20
  To: canslim@lists.xmission.com=20
  Sent: Tuesday, July 22, 2003 6:41 PM
  Subject: Re: [CANSLIM] *** OFF TOPIC *** Anti CANSLIM ** Hit Delete=20


  Vectorvest, like some other Advisories, bases its recommendations on =
an=20
  unstated premise, i.e., that -- at any given point in time -- each =
stock has some=20
  objective value.  Vectorvest uses a proprietary procedure to calculate =
that=20
  value.  If the current stock price is well below that objective price, =
then=20
  Vectorvest considers the stock under-valued by the market and expects =
that at some=20
  time the market will correct that "error" by bidding up the stock.

  If one believes that each stock does have some objective value, then =
that=20
  logic makes sense.

  I don't!  I believe that the value of a stock is whatever the market =
is=20
  willing to pay for it -- no more, no less.  WON's logic is to "up" the =
odds of=20
  winning by using charts to predict whether investors are going to be =
willing to=20
  pay more for a stock after one buys it.  The chart is a probabilistic =
indicator=20
  of investor intent.  But WON demands that a favorable chart indication =
be=20
  backed up by good performance numbers for the business.  This makes =
practical=20
  sense to me, especially if one factors in the current market =
direction.

  Regards, Dave=20

  -
  -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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<BODY bgColor=3D#ffffff>
<DIV><FONT face=3D"Comic Sans MS">Hi Dave, VV has&nbsp;published&nbsp; =
procedures=20
for calculating value and relative value, they are in the founder =
of&nbsp;VV's=20
book.... that is sent to each subscriber at no charge.&nbsp; =
</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS"></FONT>&nbsp;</DIV>
<DIV><FONT face=3D"Comic Sans MS">Gene</FONT></DIV>
<BLOCKQUOTE=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=3DDavellil5@aol.com=20
  href=3D"mailto:Davellil5@aol.com">Davellil5@aol.com</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 =
6:41=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>Vectorvest, like some other Advisories, bases its=20
  recommendations on an <BR>unstated premise, i.e., that -- at any given =
point=20
  in time -- each stock has some <BR>objective value.&nbsp; Vectorvest =
uses a=20
  proprietary procedure to calculate that <BR>value.&nbsp; If the =
current stock=20
  price is well below that objective price, then <BR>Vectorvest =
considers the=20
  stock under-valued by the market and expects that at some <BR>time the =
market=20
  will correct that "error" by bidding up the stock.<BR><BR>If one =
believes that=20
  each stock does have some objective value, then that <BR>logic makes=20
  sense.<BR><BR>I don't!&nbsp; I believe that the value of a stock is =
whatever=20
  the market is <BR>willing to pay for it -- no more, no less.&nbsp; =
WON's logic=20
  is to "up" the odds of <BR>winning by using charts to predict whether=20
  investors are going to be willing to <BR>pay more for a stock after =
one buys=20
  it.&nbsp; The chart is a probabilistic indicator <BR>of investor =
intent.&nbsp;=20
  But WON demands that a favorable chart indication be <BR>backed up by =
good=20
  performance numbers for the business.&nbsp; This makes practical =
<BR>sense to=20
  me, especially if one factors in the current market =
direction.<BR><BR>Regards,=20
  Dave <BR><BR>-<BR>-To subscribe/unsubscribe, email "<A=20
  =
href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>-In=
 the=20
  email body, write "subscribe canslim" or<BR>-"unsubscribe =
canslim".&nbsp; Do=20
  not use quotes in your email.<BR></BLOCKQUOTE></BODY></HTML>

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