RE: [CANSLIM] AAII letter to the editor

From: "Katherine Malm" <kmalm@earthlink.net>
Subject: RE: [CANSLIM] AAII letter to the editor
Date: Wed, 20 Aug 2003 07:38:40 -0500

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HI Jeff,

The IBD has posted a copy of the article containing the screening criteria
to their site:

http://www.investors.com/includes/edit/aaiicanslim.pdf


Katherine

- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Jeff Henderson
Sent: Wednesday, August 20, 2003 7:05 AM
To: canslim@lists.xmission.com
Subject: RE: [CANSLIM] AAII letter to the editor


Katherine,

Do you know what screen they used for Canslim?

- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of Katherine Malm
Sent: Saturday, August 09, 2003 11:21 AM
To: canslim@lists.xmission.com
Subject: RE: [CANSLIM] AAII letter to the editor

Hi All,

As a followup to my post earlier today, I just received the new AAII
journal
in today's mail and it includes the mid-year update of the AAII screens.

Here's a guote from the article:

"The long-term performance leader in the growth category continues to be
the
William O'Neil CANSLIM approach, generating a 503% gain over the past
5-1/2
years without a single down year."

By the way, this is their 2nd best screen, the leader is the Marty Zweig
growth & value screen with a compounded annual return of 572.5% over the
same period.

Katherine

- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm
Sent: Saturday, August 09, 2003 9:41 AM
To: canslim@lists.xmission.com
Subject: RE: [CANSLIM] AAII letter to the editor


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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