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


From: "Katherine Malm" <kmalm@earthlink.net>
Subject: RE: [CANSLIM] *** OFF TOPIC *** Anti CANSLIM ** Hit Delete
Date: Tue, 22 Jul 2003 23:33:00 -0500

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All I can say is that somebody who couldn't make money with a CANSLIM strategy
in 88-98 for more than 1 year obviously didn't "learn" or "get" CANSLIM. That's
probably evidence enough that this person needed to choose a different strategy
and it's a good thing they moved on to something else. Good for them.

Aside from that, it's just silly to compare CANSLIM and VectorVest. That would
be like comparing TC2000 or MetaStock to CANSLIM. VV is a very nice tool for
implementing an *endless* combination of strategies long and short but believe
me, if you read the Vectorvest Yahoo boards as I do, there are plenty of people
who have lost money with Vectorvest because they couldn't figure out how to use
it. Not to mention that Vectorvest itself started a hedge fund using the VV
tools that eventually was closed due to losses. The tool is not the strategy.
The tool does not create profits, the trader does.

All in all, to make money consistently in the market, one has to
(1) Have a strategy that works and that matches their sensibility and risk
tolerance
(2) Have tools that support that particular strategy
(3) Become a master at the strategy, constantly improving their abilities and
execution
(4) Have a keen focus and disclipline.

Pick any strategy you like, value investing, high growth investing, long term
investing, short term swing trading, whatever. There are endless ways to make
money in the market, but there are very few who are willling to do what it is
necessary to become an expert at their chosen strategy.

Just so there's no misconception here, I know Vectorvest inside out, having used
it for 5 years myself as a means for mining for CANSLIM candidates. It worked
well enough though I have recently discontinued its use in favor of something
else.

CANSLIM is not for everybody. For those who invest the time to learn it well,
the rewards are super.

Katherine
  -----Original Message-----
  From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Gene Ricci
  Sent: Tuesday, July 22, 2003 5:12 PM
  To: canslim@lists.xmission.com
  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).

  Gene


  Anti CANSLIM



  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.



  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.



  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!!



  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.



  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.



  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.



  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.



  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.



  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.



  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.



  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.



  12)  CANSLIM – CAN’T SWIM



  XXXXX

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<DIV><SPAN class=3D000455603-23072003>All I can say is that somebody who =
couldn't=20
make money with a CANSLIM strategy in 88-98 for more than 1 year =
obviously=20
didn't "learn" or "get" CANSLIM. That's probably evidence enough that =
this=20
person needed to choose a different strategy and it's a good thing they =
moved on=20
to something else. Good for them.</SPAN></DIV>
<DIV><SPAN class=3D000455603-23072003></SPAN>&nbsp;</DIV>
<DIV><SPAN class=3D000455603-23072003>Aside from that, it's just silly =
to compare=20
CANSLIM and VectorVest. That would be like comparing TC2000 or MetaStock =
to=20
CANSLIM. VV is a very nice tool for implementing an *endless* =
combination of=20
strategies long and short but believe me, if you read the Vectorvest =
Yahoo=20
boards as I do, there are plenty of people who have lost money with =
Vectorvest=20
because they couldn't figure out how to use it. Not to mention=20
that&nbsp;Vectorvest itself started a hedge fund using the VV&nbsp;tools =
that=20
eventually was closed&nbsp;due to losses. The tool is not the strategy. =
The tool=20
does not create profits, the trader does.</SPAN></DIV>
<DIV><SPAN class=3D000455603-23072003></SPAN>&nbsp;</DIV>
<DIV><SPAN class=3D000455603-23072003>All in all, to make money =
consistently in=20
the market, one has to </SPAN></DIV>
<DIV><SPAN class=3D000455603-23072003>(1) Have a strategy that works and =
that=20
matches their sensibility and risk tolerance</SPAN></DIV>
<DIV><SPAN class=3D000455603-23072003>(2) Have tools that support that =
particular=20
strategy</SPAN></DIV>
<DIV><SPAN class=3D000455603-23072003>(3) Become a master at the =
strategy,=20
constantly improving their abilities and execution</SPAN></DIV>
<DIV><SPAN class=3D000455603-23072003>(4) Have a keen focus and=20
disclipline.</SPAN></DIV>
<DIV><SPAN class=3D000455603-23072003></SPAN>&nbsp;</DIV>
<DIV><SPAN class=3D000455603-23072003>Pick any strategy you like, value =
investing,=20
high growth investing, long term investing, short term swing trading, =
whatever.=20
There are endless ways to make money in the market, but there are very =
few who=20
are willling to do what it is necessary to become an expert at their =
chosen=20
strategy.</SPAN></DIV>
<DIV><SPAN class=3D000455603-23072003></SPAN>&nbsp;</DIV>
<DIV><SPAN class=3D000455603-23072003>Just so there's no misconception =
here, I=20
know Vectorvest inside out, having used it for 5 years myself as a means =
for=20
mining for CANSLIM candidates. It worked well enough&nbsp;though I have =
recently=20
discontinued its use in favor of something else.</SPAN></DIV>
<DIV><SPAN class=3D000455603-23072003></SPAN>&nbsp;</DIV>
<DIV><SPAN class=3D000455603-23072003>CANSLIM is not for =
everybody.&nbsp;For those=20
who invest the time to learn it well, the rewards are =
super.</SPAN></DIV>
<DIV><SPAN class=3D000455603-23072003></SPAN><SPAN=20
class=3D000455603-23072003></SPAN>&nbsp;</DIV>
<DIV><SPAN class=3D000455603-23072003>Katherine</SPAN></DIV>
<BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
  <DIV class=3DOutlookMessageHeader dir=3Dltr align=3Dleft><FONT =
face=3DTahoma=20
  size=3D2>-----Original Message-----<BR><B>From:</B>=20
  owner-canslim@lists.xmission.com=20
  [mailto:owner-canslim@lists.xmission.com]<B>On Behalf Of </B>Gene=20
  Ricci<BR><B>Sent:</B> Tuesday, July 22, 2003 5:12 PM<BR><B>To:</B>=20
  canslim@lists.xmission.com<BR><B>Subject:</B> [CANSLIM] *** OFF TOPIC =
*** Anti=20
  CANSLIM ** Hit Delete <BR><BR></FONT></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 =
posted=20
  on one of the VectorVest Yahoo Groups this morning (by&nbsp;long time =
VV=20
  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 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;=20
  </SPAN>Glowing reports of great results and performances overshadow =
the errors=20
  in the system that prevent people from being successful =
investors.<SPAN=20
  style=3D"mso-spacerun: yes">&nbsp; </SPAN>Here=92s my opinion of the =
Hollywood=20
  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;=20
  </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 that=20
  this is the holy grail, but others have found that they=92re buying at =
the top=20
  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 to=20
  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 at=20
  least three times since beginning with the system.<SPAN=20
  style=3D"mso-spacerun: yes">&nbsp; </SPAN>I used CANSLIM from 1988 to =
1998, and=20
  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;=20
  </SPAN>William O=92Neil has no idea as to when to sell a stock.<SPAN=20
  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;=20
  </SPAN>William O=92Neil suggest that one should buy stocks only priced =
above 12=20
  or 15 dollars a share.<SPAN style=3D"mso-spacerun: yes">&nbsp; =
</SPAN>Sorry,=20
  fella, but penny stock strategies are sound, as Zach=92s Zoomers has =
been a=20
  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;=20
  </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 stocks=20
  with 1 million float or so.<SPAN style=3D"mso-spacerun: yes">&nbsp; =
</SPAN>This=20
  is more dangerous than ever, as the slightest activity of selling can =
sent the=20
  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 it=20
  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=20
  Relative Strength and Earnings Per Share rankings are of no use when =
trying to=20
  find quality stocks.<SPAN style=3D"mso-spacerun: yes">&nbsp; =
</SPAN>VectorVest=92s=20
  Relative Timing is far superior as it gives an accurate picture of =
what the=20
  stock is doing in recent performance.<SPAN style=3D"mso-spacerun: =
yes">&nbsp;=20
  </SPAN>IBD=92s ranking implies there are a certain number of stocks at =
99, the=20
  same at 98 etc.<SPAN style=3D"mso-spacerun: yes">&nbsp; </SPAN>Since =
the ranking=20
  is relative, you 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;=20
  </SPAN>Chart formation analysis is the bastion of IBD=92s system.<SPAN =

  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; =
</SPAN>Chart=20
  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 a=20
  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;=20
  </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 quality=20
  large cap stocks, you=92re out of luck.<SPAN style=3D"mso-spacerun: =
yes">&nbsp;=20
  </SPAN>WON ran a mutual fund in the 1960=92s, and he was first one =
year then=20
  last the next. <SPAN style=3D"mso-spacerun: yes">&nbsp;</SPAN>WON =
likes volatile=20
  stocks that move up and down fast for a wild ride.<SPAN=20
  style=3D"mso-spacerun: yes">&nbsp; </SPAN>Sustainable results?<SPAN=20
  style=3D"mso-spacerun: yes">&nbsp; </SPAN>Not likely.<SPAN=20
  style=3D"mso-spacerun: yes">&nbsp; </SPAN>Also whiz kid David Ryan ran =
a mutual=20
  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;=20
  </SPAN>David probably gave up as he wasn=92t getting spectacular =
results as well=20
  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=20
  volume of chart formation reading makes CANSLIM a burden of beast =
instead of a=20
  easy reference that VV gives.<SPAN style=3D"mso-spacerun: yes">&nbsp;=20
  </SPAN>With VV, at the touch of a button, I get 10 potential =
purchases.<SPAN=20
  style=3D"mso-spacerun: yes">&nbsp; </SPAN>With CANSLIM I have to wade =
through=20
  tons of material to reach my 7 stocks.<SPAN style=3D"mso-spacerun: =
yes">&nbsp;=20
  </SPAN>It=92s so much work you 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 to=20
  buy one or two stocks if you have $5K to $10K and progress up to a 5 =
stock=20
  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 =
winners=20
  is very difficult.<SPAN style=3D"mso-spacerun: yes">&nbsp; </SPAN>If =
they strike=20
  out on one or two stocks, how are they to regain confidence?<SPAN=20
  style=3D"mso-spacerun: yes">&nbsp; </SPAN>On the contrary, VectorVest =
suggests=20
  buying 10 stocks at a time to diversify.<SPAN style=3D"mso-spacerun: =
yes">&nbsp;=20
  </SPAN>CANSLIM does not diversify, in fact id concentrates into a few=20
  stocks.<SPAN style=3D"mso-spacerun: yes">&nbsp; </SPAN>I would not =
stray from=20
  legendary stock guru John Templeton=92s way of =
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 =

  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></BODY></HTML>

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