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

From: RWElmer@aol.com
Subject: Re: [CANSLIM] *** OFF TOPIC *** Anti CANSLIM ** Hit Delete
Date: Wed, 23 Jul 2003 01:44:21 EDT

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While I'd be the first to defend VectorVest, I have to agree completely with 
Katherine here. (Her 4 Rules are right on the mark!) It seems to me that the 
author of that article would have been better served by pointing out that "he" 
was never able to use CANSLIM to good effect, rather than proclaiming the 
failure to be in the system. 

As stated by K, there are any number of ways to make money from the Market. 
The key is to match system to temperament. VV is a tool by which to search for 
and create systems for playing the Market, among other things it does. CANSLIM 
is, in the final analysis, just another system created by an investor. In 
this case, however, that investor was a relentless student of the Market who used 
all of the research available over meaningful time periods to find a 
consistent way to approach the Market with maximum effect. He did this by finding the 
key characteristics which drive prices during any measurable era. While VV is 
a wonderful tool, IMHO, it is incapable of giving you meaningful enough data 
over long enough periods of time to say with any certainty that any system 
devised on it will work in any era. CANSLIM can make this claim. That said, VV is 
a wonderfully fun tool to play with and can certainly lead to very profitable 
systems. I love it!

Finally, it's not CANSLIM Vs VV. It's, Are you more likely to follow in the 
footsteps of a Master to learn how he has been successful, or are you intrepid 
enough to forge your own path and take the risks associated with it? In either 
event you may not win, but blaming others for your own inability to use tools 
properly is a sure way to lose. Just my opinion. 

Thanks for sharing the post with us, Gene. It certainly provoked a reaction, 
which I think is cleansing in its way.

Robert W. Elmer
Coldwell Banker First Shasta
2837 Bechelli Ln.
Redding, CA 96002
RWElmer@aol.com
221-9556 or 1-800-348-7939 ext.156
www.robertelmer.com

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<HTML><FONT FACE=3Darial,helvetica><FONT  SIZE=3D2 FAMILY=3D"SANSSERIF" FACE=
=3D"Arial" LANG=3D"0">While I'd be the first to defend VectorVest, I have to=
 agree completely with Katherine here. (Her 4 Rules are right on the mark!)=20=
It seems to me that the author of that article would have been better served=
 by pointing out that "he" was never able to use CANSLIM to good effect, rat=
her than proclaiming the failure to be in the system. <BR>
<BR>
As stated by K, there are any number of ways to make money from the Market.=20=
The key is to match system to temperament. VV is a tool by which to search f=
or and create systems for playing the Market, among other things it does. CA=
NSLIM is, in the final analysis, just another system created by an investor.=
 In this case, however, that investor was a relentless student of the Market=
 who used all of the research available over meaningful time periods to find=
 a consistent way to approach the Market with maximum effect. He did this by=
 finding the key characteristics which drive prices during any measurable er=
a. While VV is a wonderful tool, IMHO, it is incapable of giving you meaning=
ful enough data over long enough periods of time to say with any certainty t=
hat any system devised on it will work in any era. CANSLIM can make this cla=
im. That said, VV is a wonderfully fun tool to play with and can certainly l=
ead to very profitable systems. I love it!<BR>
<BR>
Finally, it's not CANSLIM Vs VV. It's, Are you more likely to follow in the=20=
footsteps of a Master to learn how he has been successful, or are you intrep=
id enough to forge your own path and take the risks associated with it? In e=
ither event you may not win, but blaming others for your own inability to us=
e tools properly is a sure way to lose. Just my opinion. <BR>
<BR>
Thanks for sharing the post with us, Gene. It certainly provoked a reaction,=
 which I think is cleansing in its way.<BR>
<BR>
<B>Robert W. Elmer<BR>
Coldwell Banker First Shasta<BR>
2837 Bechelli Ln.<BR>
Redding, CA 96002</B><BR>
</FONT><FONT  COLOR=3D"#0080ff" style=3D"BACKGROUND-COLOR: #ffffff" SIZE=3D2=
 FAMILY=3D"SANSSERIF" FACE=3D"Arial" LANG=3D"0"><B>RWElmer@aol.com</FONT><FO=
NT  COLOR=3D"#000000" style=3D"BACKGROUND-COLOR: #ffffff" SIZE=3D2 FAMILY=
=3D"SANSSERIF" FACE=3D"Arial" LANG=3D"0"></B><BR>
</FONT><FONT  COLOR=3D"#0000ff" style=3D"BACKGROUND-COLOR: #ffffff" SIZE=3D2=
 FAMILY=3D"SANSSERIF" FACE=3D"Arial" LANG=3D"0"><B>221-9556 or 1-800-348-793=
9 ext.156</FONT><FONT  COLOR=3D"#000000" style=3D"BACKGROUND-COLOR: #ffffff"=
 SIZE=3D2 FAMILY=3D"SANSSERIF" FACE=3D"Arial" LANG=3D"0"></B><BR>
</FONT><FONT  COLOR=3D"#800080" style=3D"BACKGROUND-COLOR: #ffffff" SIZE=3D2=
 FAMILY=3D"SANSSERIF" FACE=3D"Arial" LANG=3D"0"><B>www.robertelmer.com</B></=
FONT></HTML>

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