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

From: Davellil5@aol.com
Subject: Re: [CANSLIM] *** OFF TOPIC *** Anti CANSLIM ** Hit Delete
Date: Wed, 23 Jul 2003 09:11:51 EDT

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Hi, Gene:

I knew that VV makes public it's basis for its recommendations.  When I 
described those methods as "proprietary", I merely meant that the methods were 
their own.

The methods of advisory services that calculate an "objective" value for each 
stock are fine for anyone who believes that such a value exists and that, 
with some probability, the market will come to accord that value to the stock.  I 
don't know the batting average for that approach.  

WON has reported that his approach has a 60% probability of picking winners 
over years of various market conditions.  And, presumably, we can better those 
odds by being "picky" about the markets in which we use the WON approach.  As 
I've said in earlier emails, I think one can better the odds even more by 
waiting for post-breakout corrections in a rising but spooky market, such as we've 
had since April.

Regards, Dave











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