Go to Jeff Salisbury LWGate Home Page.From: "DMC197807" <dmc197807@comcast.net>
Subject: Re: [CANSLIM] WEBX
Date: Wed, 6 Aug 2003 09:30:07 -0700
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This is a multi-part message in MIME format. - ------=_NextPart_000_01F1_01C35BFD.53457420 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Robert, Yes, that bears repeating. As often as possible. As I noted in my 7/25 = note to Katherine: <<One ignores at one's peril the vitally important M of CANSLIM. The = market. The truth is, the acronym should be MILSCAN, and put the MARKET first, = since the stay in cash/take a position is clearly the most important = digitalized decision (0/1) that an investor can make.>> This is why I often refer to these scans Milscans instead of Canslims. DMC ----- Original Message -----=20 From: RWElmer@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, August 06, 2003 9:07 AM Subject: Re: [CANSLIM] WEBX Hello All, While I'm not really a CANSLIM investor, explaining why I don't post = here very often despite lurking, I thought it worth mentioning something = primarily to the new people on this Board. One of the most important = parts of CANSLIM is the "M." I don't know what the rest of you may be = seeing but what I'm seeing is Market indicators showing that the next = down wave is just getting started. If this is correct, fighting it will = likely get you hurt, regardless of possible breakout setups. O'Neil = states that 3 out of every 4 stocks will follow the broader Market = trend. Considering the nice run-up from March, the fact that we're in = one of the traditionally worst months for the Market, and the fact that = the NASDAQ had a distribution yesterday, I think Uncle Bill would = suggest you wait for better conditions before making any new purchases. Just my opinion, and I know the experienced people on this Board know = what time it is. But I see alot of newbies here who could be = disappointed if they buy breakouts right now and may swear off an = otherwise excellent methodology if they get too hurt here. This is a = CANSLIM Board, and all letters should be considered.=20 Just trying to save some of you some investing capital. Good Luck All = ...=20 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=20 - ------=_NextPart_000_01F1_01C35BFD.53457420 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable <!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD> <META http-equiv=3DContent-Type content=3D"text/html; = charset=3Diso-8859-1"> <META content=3D"MSHTML 6.00.2719.2200" name=3DGENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=3D#ffffff> <DIV><FONT face=3DArial size=3D2>Robert,</FONT></DIV> <DIV><FONT face=3DArial size=3D2></FONT> </DIV> <DIV><FONT face=3DArial size=3D2>Yes, that bears repeating. As = often as=20 possible. As I noted in my 7/25 note to Katherine:</FONT></DIV> <DIV><FONT face=3DArial size=3D2></FONT> </DIV> <DIV><<One ignores at one's peril the vitally important M of=20 CANSLIM. The market.<BR>The truth is, the acronym should be = MILSCAN, and=20 put the MARKET first, since<BR>the stay in cash/take a position is = clearly the=20 most important digitalized<BR>decision (0/1) that an investor can=20 make.>></DIV> <DIV> </DIV> <DIV><FONT face=3DArial size=3D2>This is why I often refer to these = scans Milscans=20 instead of Canslims.</FONT></DIV> <DIV><FONT face=3DArial size=3D2></FONT> </DIV> <DIV><FONT face=3DArial size=3D2>DMC</FONT></DIV> <DIV><BR></DIV> <DIV><FONT face=3DArial size=3D2></FONT> </DIV> <DIV><FONT face=3DArial size=3D2></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=3DRWElmer@aol.com = href=3D"mailto:RWElmer@aol.com">RWElmer@aol.com</A>=20 </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> Wednesday, August 06, = 2003 9:07=20 AM</DIV> <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] = WEBX</DIV> <DIV><BR></DIV><FONT face=3Darial,helvetica><FONT lang=3D0 = face=3DArial size=3D2=20 FAMILY=3D"SANSSERIF">Hello All,<BR><BR>While I'm not really a CANSLIM = investor,=20 explaining why I don't post here very often despite lurking, I thought = it=20 worth mentioning something primarily to the new people on this Board. = One of=20 the most important parts of CANSLIM is the "M." I don't know what the = rest of=20 you may be seeing but what I'm seeing is Market indicators showing = that the=20 next down wave is just getting started. If this is correct, fighting = it will=20 likely get you hurt, regardless of possible breakout setups. O'Neil = states=20 that 3 out of every 4 stocks will follow the broader Market trend. = Considering=20 the nice run-up from March, the fact that we're in one of the=20 traditionally worst months for the Market, and the fact that the = NASDAQ had a=20 distribution yesterday, I think Uncle Bill would suggest you wait for = better=20 conditions before making any new purchases.<BR><BR>Just my opinion, = and I know=20 the experienced people on this Board know what time it is. But I see = alot of=20 newbies here who could be disappointed if they buy breakouts right now = and may=20 swear off an otherwise excellent methodology if they get too hurt = here. This=20 is a CANSLIM Board, and all letters should be considered. <BR><BR>Just = trying=20 to save some of you some investing capital. Good Luck All ...=20 <BR><BR><B>Robert W. Elmer<BR>Coldwell Banker First Shasta<BR>2837 = Bechelli=20 Ln.<BR>Redding, CA 96002</B><BR></FONT><FONT lang=3D0=20 style=3D"BACKGROUND-COLOR: #ffffff" face=3DArial color=3D#0080ff = size=3D2=20 FAMILY=3D"SANSSERIF"><B>RWElmer@aol.com</FONT><FONT lang=3D0=20 style=3D"BACKGROUND-COLOR: #ffffff" face=3DArial color=3D#000000 = size=3D2=20 FAMILY=3D"SANSSERIF"></B><BR></FONT><FONT lang=3D0=20 style=3D"BACKGROUND-COLOR: #ffffff" face=3DArial color=3D#0000ff = size=3D2=20 FAMILY=3D"SANSSERIF"><B>221-9556 or 1-800-348-7939 ext.156</FONT><FONT = lang=3D0=20 style=3D"BACKGROUND-COLOR: #ffffff" face=3DArial color=3D#000000 = size=3D2=20 FAMILY=3D"SANSSERIF"></B><BR></FONT><FONT lang=3D0=20 style=3D"BACKGROUND-COLOR: #ffffff" face=3DArial color=3D#800080 = size=3D2=20 FAMILY=3D"SANSSERIF"><B>www.robertelmer.com</B></FONT>=20 </FONT></BLOCKQUOTE></BODY></HTML> - ------=_NextPart_000_01F1_01C35BFD.53457420-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". 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