Re: [CANSLIM] filter

From: Yien T Lung <ylung@engin.umich.edu>
Subject: Re: [CANSLIM] filter
Date: Thu, 7 Aug 2003 11:08:19 -0400 (EDT)

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Gene,

would you mind also sending me the St. Louis notes that you mentioned some
post earlier?

Thanks
Yien



On Thu, 7 Aug 2003, Gene Ricci wrote:

> Chuck, thanks for your comments .... congratulations on finding your KISS & S.F. zone!
>
> Gene
>   ----- Original Message -----
>   From: Charles & Lois Layne
>   To: canslim@lists.xmission.com
>   Sent: Thursday, August 07, 2003 6:55 AM
>   Subject: Re: [CANSLIM] filter
>
>
>
>
>   I got a chuckle out of your first sentence.  For years, I filtered, tracked, charted, and analyzed stock after stock.  I poured through IBD, jotting down numbers meeting my criteria.  I sifted through my stock analysis service multiple times weekly (daily, when I could).  My fruits?  I was happy if I could make a couple of hundred on a stock after holding for a couple of years or more (mind you, I usually just had 100 shares of an issue).
>
>   Then one day, I come home and my wife tells me she made a couple of hundred that day in the stock market.  OK, I'm interested.  She had been watching one of her favorites, WMT, for some time.  Finally, when she noted a short-term trading pattern and was fairly secure with it, she bought a few hundred shares and sold out on a small move.  No long hours pouring over all the numbers and details and everything else.  I couldn't help but shake my head in wonderment.
>
>   So now, that's about how we do it.  No IBD, no charting service, etc.  We currently have positions in just two stocks, neither of which are CANSLIM candidates, I'm sure.  We'll hold minutes, hours, days, or weeks, depending on the movement.  At any rate, doing this, I usually make much more in a trade than I used to holding on for years.  I don't have the cost of various subscription services, and I don't spend overwhelming hours pouring over charts and information (I never minded doing this some, but I liked to see some fruits).  Of course, we couldn't do this a few years ago before the discount brokers and internet access we have today.  But, they are available now, so we try to take advantage of them.
>
>   Well, this is not CANSLIM, so I'll not continue.  I do enjoy keeping up with some of the CANSLIM principles, though, so I really appreciate the forum conversation.
>
>
>   Chuck Layne
>


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