RE: [CANSLIM] AAII letter to the editor

From: "Katherine Malm" <kmalm@earthlink.net>
Subject: RE: [CANSLIM] AAII letter to the editor
Date: Sat, 9 Aug 2003 09:40:31 -0500

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Hi Hong,

Here are links to the 2001 and 2002 articles. AAII updates these studies
periodically during the year, and more recently published an article in
which they'd updated their screening criteria for CANSLIM stocks.

These are the year end studies from the prior 2 years:

http://www.breakoutwatch.com/katherine/AAIIStudy2001.pdf
http://www.breakoutwatch.com/katherine/AAIIStudy2002.pdf

You'll notice that that the entry/exit strategy is not based on technical
entry on chart pattern, but instead on whether or not the stock meets their
fundamental screening criteria.

Katherine

- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Hong Hsu
Sent: Saturday, August 09, 2003 9:30 AM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] AAII letter to the editor


      John,

     I saw an advertisement on IBD. The advertisement claims AAII had a
study which compared 50 investment approaches.  I wonder you know of
that.  I would like to know what investment approaches were included in
the study and how AAII conducted the study as CANSLIM never tell when to
purchase/sell a list of stocks.  I went to www.aaii.com web site and
didn't see any reference to that study report.

Do you happen to know where I could get the study report?  Thanks,
- -Hong

John Solarno wrote:

>I just received my July copy of the AAII Journal (published by the American
>Association of Individual Investors.)  In the letter to the editor section,
>there is a blistering objection to an article in the June issue by William
>O'Neill called "The Big Picture: How to Determine the Stock Market's
>Direction."
>
>The letter, written by a Jon A. Ford, says that O'Neil acknowledged, in his
>June article, that the bear market began in March of 2000. "What he doesn't
>say," writes Ford, "is that his Investor's Business Daily failed to notify
>investors that it was time to go into cash until February 13, 2003 - long
>after a large chunk of investment savings had gone up in smoke.
>
>"O'Neil's 'cut your losses at 7% rule' did not help," Ford continues,
>"because for almost the entire duration of the bear market, the
>encouragement was to continue buying newly identified stocks with sale
>proceeds. This effectively sets up a series of 7% to 8% stock market
>losses."
>
>Ford reminds readers that "as good as CANSLIM and related O'Neil media may
>be, the bottom line is for people to buy and sell stocks - and surpass
>others- but using O'Neil and company's merchandise."
>
>"Finally, after three years and 25% to 35% or more annual deterioration in
>investors' stock portfolios," says Ford, "Investor's Business Daily finally
>advised readers to go to cash - a recommendation that, if acted upon, would
>have effectively crystallized losses and kept investors from participating
>in the market increases only a month later."
>
>Ouch!
>
>I thought I'd throw this out to the group for comment.
>
>John Solarno
>
>
>
>
>
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