Go to Jeff Salisbury LWGate Home Page.From: "Katherine Malm" <kmalm@earthlink.net>
Subject: RE: [CANSLIM] Slightly back on CANSLIM now (was RE: [CANSLIM] *** OFF TOPIC *** Anti CANSLIM ** Hit Delete )
Date: Wed, 23 Jul 2003 22:20:58 -0500
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Hi Kevin,
re "are you (1) finding stocks trading in a bullish technical pattern (i.e. cwh)
and then selecting only those candidates with CANSLIM attributes or (2) finding
CANSLIM candidates and monitoring them for the bullish technical pattern where
you might take a position. (Assuming long plays only)"
I don't know that you'll find any concensus on this one. My personal preference
is to look first for stocks with possible entry points and then look at the
fundamentals. That's not always been the case, however. I came to CANSLIM as a
pure fundamentalist, so I tended to look for stocks that met the fundamental
guidelines, then would sit patiently while they set up (or not). The problem is
that this very patience will make you miss out on the early movers and that's
where most of the gains can be had. While I was on the sidelines waiting for my
top 10 candidates, I was left in the dust. It didn't take too long to figure out
that it made more sense to look for stocks nearing a buy point, typically those
building the right side of their base and/or handle, eliminate those that did
not meet the desired CANSLIM fundamental characteristics, then go for the stocks
breaking out. All in all, the more comfortable I became over the years with
technical analysis, the more inclined I was to take this approach. It makes
sense, as CANSLIM requires that both fundamentals and technicals be appropriate
before entering a position, not to mention it saves a boatload of time by
performing due diligence on a far fewer number of stocks.
Katherine
-----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Krueger, Kevin
Sent: Wednesday, July 23, 2003 8:35 AM
To: canslim@lists.xmission.com
Subject: [CANSLIM] Slightly back on CANSLIM now (was RE: [CANSLIM] *** OFF
TOPIC *** Anti CANSLIM ** Hit Delete )
-----Original Message-----
From: Katherine Malm [mailto:kmalm@earthlink.net]
Sent: Tuesday, July 22, 2003 11:33 PM
To: canslim@lists.xmission.com
Subject: RE: [CANSLIM] *** OFF TOPIC *** Anti CANSLIM ** Hit Delete
[Krueger, Kevin] [*snip]
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.
[Krueger, Kevin] Definitely excellent advice Katherine. Learn, understand,
and try to excel in a system. If it doesn't work for you, modify your approach
and try a different system. Myself, I was a value investor during the late 90's.
I had mixed results, but more importantly, I found that that type of investing
was not a satisfying approach for my personality. I'm finding the
technical/fundamental approach very interesting, but I am a skeptic. I've been
subscribing to IBD/reading WON/learning technical investing since Jan '03. After
that short time, I feel WON's website, products, and books are there for 2
reasons: 1) Help the investors make profits, 2) Help WON make profits. Obviously
no. 2 is primary. :) No. 1 is very solid as well. I enjoy the paper
tremendously.
I find this group to be excellent collaboration because there is a maturity
in the analysis or opinions from the members that iterates the ideas that there
is no "right" answer for every situation in a system and the individual investor
must perform due diligence.
BTW - my results so far this year are indicative (I think) of my skepticism
in any one system. I've traded on sentimental value plays with mixed results
(ANDW, ET). I've traded on speculative crap and lost (SMSI). I've traded on
CANSLIM candidates outside of the pivot point (I was late to the rally and did
not want to miss out) and have had some mixed success (BLTI, SOHU, LEND,THOR).
I'm not trying to lose money while I learn, but I value the results of real
world application of concepts ;)
One question I have for CANSLIMers is on the primary (and hopefully most
properous) approach you take for finding potential long positions . . . are you
(1) finding stocks trading in a bullish technical pattern (i.e. cwh) and then
selecting only those candidates with CANSLIM attributes or (2) finding CANSLIM
candidates and monitoring them for the bullish technical pattern where you
might take a position. (Assuming long plays only)
Thanks
-Curious Kevin
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
[Krueger, Kevin] [*snip]
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<DIV><SPAN class=3D796160903-24072003>Hi Kevin,</SPAN></DIV>
<DIV><SPAN class=3D796160903-24072003></SPAN> </DIV>
<DIV><SPAN class=3D796160903-24072003>re "<FONT face=3DArial =
color=3D#0000ff=20
size=3D2>are you (1) finding stocks trading in a bullish technical =
pattern (i.e.=20
cwh) and then selecting only those candidates with CANSLIM attributes or =
(2)=20
finding CANSLIM candidates and monitoring them for the bullish =
technical=20
pattern where you might take a position. (Assuming long plays=20
only)"</FONT></SPAN></DIV>
<DIV><SPAN class=3D796160903-24072003><FONT face=3DArial color=3D#0000ff =
size=3D2></FONT></SPAN> </DIV>
<DIV><SPAN class=3D796160903-24072003><FONT face=3DArial color=3D#0000ff =
size=3D2><FONT=20
face=3D"Times New Roman" color=3D#000000 size=3D3>I don't know that =
you'll find any=20
concensus on this one. My personal preference is to look first for =
stocks with=20
possible entry points and then look at the fundamentals. That's not =
always been=20
the case, however. I came to CANSLIM as a pure fundamentalist, so I =
tended to=20
look for stocks that met the fundamental guidelines, then would sit =
patiently=20
while they set up (or not). The problem is that this very patience will =
make you=20
miss out on the early movers and that's where most of the gains can be =
had.=20
While I was on the sidelines waiting for my top 10 candidates, I was =
left in the=20
dust. It didn't take too long to figure out that it made more sense to =
look for=20
stocks nearing a buy point, typically those building the right side =
of=20
their base and/or handle, eliminate those that did not meet the desired =
CANSLIM=20
fundamental characteristics, then go for the stocks breaking out. All in =
all,=20
the more comfortable I became over the years with technical analysis, =
the more=20
inclined I was to take this approach. It makes sense, as CANSLIM =
requires that=20
both fundamentals and technicals be appropriate before entering a =
position, not=20
to mention it saves a boatload of time by performing due diligence on a =
far=20
fewer number of stocks.</FONT></FONT></SPAN></DIV>
<DIV><SPAN class=3D796160903-24072003></SPAN> </DIV>
<DIV><SPAN class=3D796160903-24072003>Katherine</SPAN></DIV>
<DIV><SPAN class=3D796160903-24072003></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>Krueger,=20
Kevin<BR><B>Sent:</B> Wednesday, July 23, 2003 8:35 AM<BR><B>To:</B>=20
canslim@lists.xmission.com<BR><B>Subject:</B> [CANSLIM] Slightly back =
on=20
CANSLIM now (was RE: [CANSLIM] *** OFF TOPIC *** Anti CANSLIM ** Hit =
Delete=20
)<BR><BR></FONT></DIV>
<DIV><FONT face=3DArial color=3D#0000ff size=3D2></FONT> </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> Katherine Malm=20
[mailto:kmalm@earthlink.net]<BR><B>Sent:</B> Tuesday, July 22, 2003 =
11:33=20
PM<BR><B>To:</B> canslim@lists.xmission.com<BR><B>Subject:</B> RE: =
[CANSLIM]=20
*** OFF TOPIC *** Anti CANSLIM ** Hit Delete <BR><BR></FONT></DIV>
<DIV><SPAN class=3D000455603-23072003><SPAN =
class=3D824565013-23072003><FONT=20
face=3DArial color=3D#0000ff size=3D2>[Krueger,=20
Kevin] [*snip] </FONT></SPAN></SPAN></DIV>
<DIV><SPAN class=3D000455603-23072003></SPAN> </DIV>
<DIV><SPAN class=3D000455603-23072003>All in all, to make money =
consistently=20
in 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=20
particular 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> </DIV>
<DIV><SPAN class=3D000455603-23072003>Pick any strategy you like, =
value=20
investing, high growth investing, long term investing, short term =
swing=20
trading, whatever. There are endless ways to make money in the =
market, but=20
there are very few who are willling to do what it is necessary to =
become an=20
expert at their chosen strategy.<BR><SPAN =
class=3D824565013-23072003><FONT=20
face=3DArial color=3D#0000ff size=3D2> </FONT></SPAN><BR><SPAN=20
class=3D824565013-23072003><FONT face=3DArial color=3D#0000ff =
size=3D2>[Krueger,=20
Kevin] Definitely excellent advice Katherine. Learn, =
understand, and=20
try to excel in a system. If it doesn't work for you, =
modify your=20
approach and try a different system. Myself, I was a value =
investor during the late 90's. I had mixed results, but more=20
importantly, I found that that type of =
investing was not=20
a satisfying approach for my personality. I'm finding the=20
technical/fundamental approach very interesting, but I am a skeptic. =
I've=20
been subscribing to IBD/reading WON/learning technical investing =
since Jan=20
'03. After that short time, I feel WON's website, products, and =
books are=20
there for 2 reasons: 1) Help the investors make profits, 2) Help WON =
make=20
profits. Obviously no. 2 is primary. :) No. 1 is very solid as well. =
I enjoy=20
the paper tremendously.</FONT></SPAN></SPAN></DIV>
<DIV><SPAN class=3D000455603-23072003><SPAN =
class=3D824565013-23072003><FONT=20
face=3DArial color=3D#0000ff =
size=3D2></FONT></SPAN></SPAN> </DIV>
<DIV><SPAN class=3D000455603-23072003><SPAN =
class=3D824565013-23072003><FONT=20
face=3DArial color=3D#0000ff size=3D2>I find this group to be =
excellent=20
collaboration because there is a maturity in the analysis or =
opinions=20
from the members that iterates the ideas that there is no =
"right"=20
answer for every situation in a system and the individual investor =
must=20
perform due diligence. </FONT></SPAN></SPAN></DIV>
<DIV><SPAN class=3D000455603-23072003><SPAN =
class=3D824565013-23072003><FONT=20
face=3DArial color=3D#0000ff =
size=3D2></FONT></SPAN></SPAN> </DIV>
<DIV><SPAN class=3D000455603-23072003><SPAN =
class=3D824565013-23072003><FONT=20
face=3DArial color=3D#0000ff size=3D2>BTW - my results so far this =
year are=20
indicative (I think) of my skepticism in any one system. I've traded =
on=20
sentimental value plays with mixed results (ANDW, ET). I've traded =
on=20
speculative crap and lost (SMSI). I've traded on CANSLIM candidates =
outside=20
of the pivot point (I was late to the rally and did not =
want to=20
miss out) and have had some mixed success (BLTI, SOHU, LEND,THOR). =
I'm=20
not trying to lose money while I learn, but I value the results of =
real=20
world application of concepts ;) </FONT></SPAN></SPAN></DIV>
<DIV><SPAN class=3D000455603-23072003><SPAN =
class=3D824565013-23072003><FONT=20
face=3DArial color=3D#0000ff =
size=3D2></FONT></SPAN></SPAN> </DIV>
<DIV><SPAN class=3D000455603-23072003><SPAN =
class=3D824565013-23072003><FONT=20
face=3DArial color=3D#0000ff size=3D2>One question I have for =
CANSLIMers is on the=20
primary (and hopefully most properous) approach you take for =
finding=20
potential long positions . . . are you (1) finding stocks =
trading=20
in a bullish technical pattern (i.e. cwh) and then selecting only =
those=20
candidates with CANSLIM attributes or (2) finding CANSLIM candidates =
and=20
monitoring them for the bullish technical pattern where you =
might take=20
a position. (Assuming long plays only)</FONT></SPAN></SPAN></DIV>
<DIV><SPAN class=3D000455603-23072003><SPAN =
class=3D824565013-23072003><FONT=20
face=3DArial color=3D#0000ff =
size=3D2></FONT></SPAN></SPAN> </DIV>
<DIV><SPAN class=3D000455603-23072003><SPAN =
class=3D824565013-23072003><FONT=20
face=3DArial color=3D#0000ff =
size=3D2>Thanks</FONT></SPAN></SPAN></DIV>
<DIV><SPAN class=3D000455603-23072003><SPAN =
class=3D824565013-23072003><FONT=20
face=3DArial color=3D#0000ff size=3D2>-Curious =
Kevin</FONT></SPAN></SPAN></DIV>
<DIV><SPAN class=3D000455603-23072003></SPAN> </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 though I =
have=20
recently discontinued its use in favor of something =
else.</SPAN></DIV>
<DIV><SPAN class=3D000455603-23072003></SPAN> </DIV>
<DIV><SPAN class=3D000455603-23072003>CANSLIM is not for =
everybody. For=20
those who invest the time to learn it well, the rewards are=20
super.</SPAN></DIV>
<DIV><SPAN class=3D000455603-23072003></SPAN><SPAN=20
class=3D000455603-23072003></SPAN> </DIV>
<DIV><SPAN class=3D000455603-23072003>Katherine</SPAN></DIV>
<BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px"><SPAN=20
class=3D824565013-23072003><FONT face=3DArial color=3D#0000ff =
size=3D2>[Krueger,=20
=
Kevin] [*snip] </FONT></SPAN></BLOCKQUOTE></BLOCKQUOTE></BLOCKQ=
UOTE></BODY></HTML>
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