From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #1096 Reply-To: canslim Sender: owner-canslim-digest@lists.xmission.com Errors-To: owner-canslim-digest@lists.xmission.com Precedence: bulk Content-Transfer-Encoding: quoted-printable X-No-Archive: yes canslim-digest Monday, January 22 2001 Volume 02 : Number 1096 In this issue: [CANSLIM] Re: CANSLIM - Schwager's book RE: [CANSLIM] Why are you all off topic so much? Re: [CANSLIM] Why are you all off topic so much? Re: [CANSLIM] M, DGO list, and new industry groups Re: [CANSLIM] ANOTHER ACRONYM EXPLANATION REQUEST Re: [CANSLIM] M, DGO list, and new industry groups Re: [CANSLIM] Why are you all off topic so much? Re: [CANSLIM] ANOTHER ACRONYM EXPLANATION REQUEST Re: [CANSLIM] Re: CANSLIM - Schwager's book RE: [CANSLIM] Why are you all off topic so much? Re: [CANSLIM] Why are you all off topic so much? Re: [CANSLIM] ANOTHER ACRONYM EXPLANATION REQUEST Re: [CANSLIM] ISO Access and Excel Genius Re: [CANSLIM] Why are you all off topic so much? RE: [CANSLIM] Why are you all off topic so much? RE: [CANSLIM] Why are you all off topic so much? RE: [CANSLIM] Why are you all off topic so much? RE: [CANSLIM] Why are you all off topic so much? Re: [CANSLIM] Re: CANSLIM - Schwager's book RE: [CANSLIM] Why are you all off topic so much? ---------------------------------------------------------------------- Date: Mon, 22 Jan 2001 17:39:03 -0600 From: "The Curry's" Subject: [CANSLIM] Re: CANSLIM - Schwager's book To all, Although I have not contributed to this board, I have been a reader for many months. I appreciate the valuable insights gained from all of you! Patrick, I have read 'Market Wizards; Interviews with Top Traders' and loved it. WON was interviewed in this book. It's very interesting and fast paced reading. Well worth the price. I don't think you'll be disappointed. - --Patti __________________________________________________ Date: Mon, 22 Jan 2001 16:05:22 -0700 From: "Patrick Wahl" Subject: [CANSLIM] Schwager Book I noticed a new book by Jack Schwager called "Stock Market Wizards". If anyone has read it, I wonder if they would mind passing along their opinion. Took a look at some user comments at Amazon, there was one very negative review, several positive ones. - - - - - ------------------------------ Date: Mon, 22 Jan 2001 19:18:27 -0500 From: "Ann Hollingworth" Subject: RE: [CANSLIM] Why are you all off topic so much? Do Marder and Kuhn have a book? website? How can I find out more about them? Thanks for all this helpful information! Ann H. - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Dave Cameron Sent: Monday, January 22, 2001 3:16 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Why are you all off topic so much? Time for my two cents... - --- Tim Fisher wrote: > IMHO WON has allowed his system to stagnate to the > point where following the rules exactly as outlined > in HTMMIS is too frustrating for most people in this > volatile market, and turns one into a day-trader > against their will. > I agree, or else in my case, since being a day-trader is NOT one of my goals (CANSLIM is supposed to be longer term) - ended up either giving back gains or taking bigger losses. Neither of which is very profitable. Marder/Kuhn have a system which is very CANSLIM-like as well - yet updates a bit for the vagaries of the market. I wish I'd paid more attention to them rather than the letter of CANSLIM. Finally, I think its OK to go a little off-topic as long as we don't go TOO far off-topic. Not sure if our resident day-trader is still around anywhere, he admitted to being a day-trader who wanted to learn about CANSLIM. It was helpful for me because it taught me some of the patterns which seemed to fit CANSLIM, but due to the action in the MACD - were more fake out moves for day-trading purposes. From that, I've signed up for ClearStation (on-line) to isolate those - and its improved my investing. Dave __________________________________________________ Do You Yahoo!? Yahoo! Auctions - Buy the things you want at great prices. http://auctions.yahoo.com/ - - - - ------------------------------ Date: Mon, 22 Jan 2001 16:26:21 -0500 From: "Charles Layne" Subject: Re: [CANSLIM] Why are you all off topic so much? - ----- Original Message ----- From: "Jeff Salisbury" To: Sent: Monday, January 22, 2001 9:38 AM Subject: Re: [CANSLIM] Why are you all off topic so much? > Hi Marty, > > I am the founder, administrator, and owner of this canslim forum. I > have chosen to only intervene and moderate the content of our forum when > there is rudeness or "spam". My reason for this policy is simple -- it > would be a full time job to moderate all the content. My thoughts when > establishing this forum were to create a cyber-place where like-minded > people could come together and learn from each other and be free from > the "spam" that is proliferating most of the net. > > The bottom line is that the content is up to people just like you! Jeff, Thanks for your methodology. It does make for a more open forum and, subsequently, more potentially useful info. Charles Layne - - ------------------------------ Date: Mon, 22 Jan 2001 16:42:21 -0500 From: "Charles Layne" Subject: Re: [CANSLIM] M, DGO list, and new industry groups - ----- Original Message ----- From: "Tom Worley" To: Sent: Sunday, January 21, 2001 11:41 PM Subject: Re: [CANSLIM] M, DGO list, and new industry groups > The financials sector has been strong, however certain parts of > it, such as the broker dealers and esp the online BDs, have been > weakened by the reduced trading volume. The reduced activity of > IPOs as well as the collapse of dot coms have also reduced the > revenues and net profits of investment bankers. This leads me to share a recent FYI. From CBS MarketWatch of Jan 11: "Garzarelli sees brokerages poised to outperform... With the Fed widely expected to continue cutting interest rates, one group poised to do well is brokerages, she said. 'In a new bull market, they usually are a top performer.' Among her favorites: Charles Schwab (SCH)... Bear Stearns (BSC) and Lehman Bros (LEH)." For whatever its worth. Charles Layne - - ------------------------------ Date: Mon, 22 Jan 2001 16:28:30 -0500 From: "Charles Layne" Subject: Re: [CANSLIM] ANOTHER ACRONYM EXPLANATION REQUEST - ----- Original Message ----- From: To: Sent: Sunday, January 21, 2001 4:42 PM Subject: Re: [CANSLIM] ANOTHER ACRONYM EXPLANATION REQUEST > William O'Neill Thanks for letting me know. Since O'Neill is the canslim guy & the ibd guy, how does he differ from them? Or does he? How is WON used in this forum? Charles Layne - - ------------------------------ Date: Mon, 22 Jan 2001 19:56:37 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] M, DGO list, and new industry groups Hi Charles, I would reluctantly agree with Gagarelli that the online (and bricks and mortar) brokerages should do better in the future. However, I doubt that they will achieve the growth, revenues, or earnings we have seen over the past several years. So far, I have not seen much in the way of layoffs or consolidation in their industry, so it will take time and increased volume before earnings trend back up. But I expect their upcoming earnings reports for 4th qtr to be weak, and that could continue into 1st qtr as well. Tom Worley stkguru@netside.net ICQ # 5568838 - ----- Original Message ----- From: Charles Layne To: Sent: Monday, January 22, 2001 4:42 PM Subject: Re: [CANSLIM] M, DGO list, and new industry groups - ----- Original Message ----- From: "Tom Worley" To: Sent: Sunday, January 21, 2001 11:41 PM Subject: Re: [CANSLIM] M, DGO list, and new industry groups > The financials sector has been strong, however certain parts of > it, such as the broker dealers and esp the online BDs, have been > weakened by the reduced trading volume. The reduced activity of > IPOs as well as the collapse of dot coms have also reduced the > revenues and net profits of investment bankers. This leads me to share a recent FYI. From CBS MarketWatch of Jan 11: "Garzarelli sees brokerages poised to outperform... With the Fed widely expected to continue cutting interest rates, one group poised to do well is brokerages, she said. 'In a new bull market, they usually are a top performer.' Among her favorites: Charles Schwab (SCH)... Bear Stearns (BSC) and Lehman Bros (LEH)." For whatever its worth. Charles Layne - - - - ------------------------------ Date: Mon, 22 Jan 2001 20:10:57 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Why are you all off topic so much? Hi Marty, You got a number of excellent responses back, and I'll add mine to them since I am one of the older (and longer term) members of this great discussion group. I am also one who has often led the discussion astray from CANSLIM, even tho I prefer normally it stays on topic. I used to post a good bit on economics, since I felt that was important background for CANSLIMers, considering the long term implications of CANSLIM. I don't anymore, as it seemed of little interest to the group. Lately, I limit my contribution to the weekly DGO List, which can't be much more "on topic" as it is drawn strictly from WON's Daily Graphs Online, and follows CS rules. But the more we hear from lurkers trying to learn, or better apply, CANSLIM then the more on topic we will remain. Some of the best questions, suggestions, picks and points come from the lurkers who think they are not yet "expert enough" to contribute. They often surprise themselves, but there is no better place to check out their understanding and application. Jeff Salisbury gives us members a pretty free hand here, so long as we are not rude or spamming or touting non-CS stocks. I would encourage you, and all other lurkers (and I know you are out there!!) to participate more, contribute more, ask more questions on points you do not understand. That is what has made this the best online discussion group of any, much less an investment group (where egos and tempers can often flare, mine included). This group is over four years old now, and that's rare for the net as far as I know. And in that time, it has matured without not changing its character, that is a credit to its members. Finally, I would add that I have picked up a lot of relevant (but not CANSLIM) info here on internet resources, software, other informational sites, etc. All that has added to my ability online to better pursue CANSLIM stocks. Regards, Tom Worley stkguru@netside.net ICQ # 5568838 - ----- Original Message ----- From: Marty Lipsey To: Sent: Sunday, January 21, 2001 9:57 PM Subject: [CANSLIM] Why are you all off topic so much? I have been reading the digest version of your issues for 2-3 months now. While there is a lot of good information being exchanged I am more than a bit surprised at how off the topic you allow posts to get. Perhaps this is something you cannot edit (I really don't know if you can or care to do so). It seems funny to me that there is so much talk about windows operating systems and the like along with references to investment theories that are not WON/CANSLIM (such as Ian Woodward's website). Do you really think that WON would refer people learning or following CANSLIM to Woodward's website? I highly doubt it. Perhaps my expectations are off base, but this is certainly not a "CANSLIM" only discussion. In any case, I was hoping that you could help clarify if the discussion is in line with what and where you want it to be. Thanks in advance for your thoughts, Marty Lipsey - - - - ------------------------------ Date: Mon, 22 Jan 2001 20:16:58 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] ANOTHER ACRONYM EXPLANATION REQUEST Charles, Not sure I understand your question. WON = William O'Neil, father of CANSLIM and founder of IBD. He is the same guy, and other than the fact that he has not updated HTMMIS (How To Make Money In Stocks), speaks with one voice. Tom Worley stkguru@netside.net ICQ # 5568838 - ----- Original Message ----- From: Charles Layne To: Sent: Monday, January 22, 2001 4:28 PM Subject: Re: [CANSLIM] ANOTHER ACRONYM EXPLANATION REQUEST - ----- Original Message ----- From: To: Sent: Sunday, January 21, 2001 4:42 PM Subject: Re: [CANSLIM] ANOTHER ACRONYM EXPLANATION REQUEST > William O'Neill Thanks for letting me know. Since O'Neill is the canslim guy & the ibd guy, how does he differ from them? Or does he? How is WON used in this forum? Charles Layne - - - - ------------------------------ Date: Mon, 22 Jan 2001 17:24:32 -0800 From: "Bill Triffet" Subject: Re: [CANSLIM] Re: CANSLIM - Schwager's book Great book. It's also the book that turned me onto canslim. It's been in print for a number of years. Perhaps this is a revised edition? - -Bill Triffet > Date: Mon, 22 Jan 2001 16:05:22 -0700 > From: "Patrick Wahl" > Subject: [CANSLIM] Schwager Book > > I noticed a new book by Jack Schwager called "Stock Market > Wizards". If anyone has read it, I wonder if they would mind > passing along their opinion. Took a look at some user comments > at Amazon, there was one very negative review, several positive > ones. > - - ------------------------------ Date: Mon, 22 Jan 2001 21:11:21 -0500 From: "Ann Hollingworth" Subject: RE: [CANSLIM] Why are you all off topic so much? Tom, as a lurker who feels very novice at all this, I really appreciate your invitation for questions and comments. In the past two weeks I bought (and then had to sell!!) SHFL, LEN, and BPFH. I meant to follow CANSLIM, but apparently LEN was a LLUR, and I thought it was a cup and handle. I thought I was following the suggestions for waiting for follow throughs, etc. I guess there are no guarantees, but I am feeling very discouraged by all the attempts I have made to use CANSLIM. (Last fall I bought--and soon thereafter sold-- APWR and EMLX.) Is there something I can learn from all of this? Is it something I am doing, or CANSLIM?? Should I keep trying? (Right now mutual funds are looking more promising!) Thanks, Ann Hollingworth - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley Sent: Monday, January 22, 2001 8:11 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Why are you all off topic so much? Hi Marty, You got a number of excellent responses back, and I'll add mine to them since I am one of the older (and longer term) members of this great discussion group. I am also one who has often led the discussion astray from CANSLIM, even tho I prefer normally it stays on topic. I used to post a good bit on economics, since I felt that was important background for CANSLIMers, considering the long term implications of CANSLIM. I don't anymore, as it seemed of little interest to the group. Lately, I limit my contribution to the weekly DGO List, which can't be much more "on topic" as it is drawn strictly from WON's Daily Graphs Online, and follows CS rules. But the more we hear from lurkers trying to learn, or better apply, CANSLIM then the more on topic we will remain. Some of the best questions, suggestions, picks and points come from the lurkers who think they are not yet "expert enough" to contribute. They often surprise themselves, but there is no better place to check out their understanding and application. Jeff Salisbury gives us members a pretty free hand here, so long as we are not rude or spamming or touting non-CS stocks. I would encourage you, and all other lurkers (and I know you are out there!!) to participate more, contribute more, ask more questions on points you do not understand. That is what has made this the best online discussion group of any, much less an investment group (where egos and tempers can often flare, mine included). This group is over four years old now, and that's rare for the net as far as I know. And in that time, it has matured without not changing its character, that is a credit to its members. Finally, I would add that I have picked up a lot of relevant (but not CANSLIM) info here on internet resources, software, other informational sites, etc. All that has added to my ability online to better pursue CANSLIM stocks. Regards, Tom Worley stkguru@netside.net ICQ # 5568838 - ----- Original Message ----- From: Marty Lipsey To: Sent: Sunday, January 21, 2001 9:57 PM Subject: [CANSLIM] Why are you all off topic so much? I have been reading the digest version of your issues for 2-3 months now. While there is a lot of good information being exchanged I am more than a bit surprised at how off the topic you allow posts to get. Perhaps this is something you cannot edit (I really don't know if you can or care to do so). It seems funny to me that there is so much talk about windows operating systems and the like along with references to investment theories that are not WON/CANSLIM (such as Ian Woodward's website). Do you really think that WON would refer people learning or following CANSLIM to Woodward's website? I highly doubt it. Perhaps my expectations are off base, but this is certainly not a "CANSLIM" only discussion. In any case, I was hoping that you could help clarify if the discussion is in line with what and where you want it to be. Thanks in advance for your thoughts, Marty Lipsey - - - - - - ------------------------------ Date: Mon, 22 Jan 2001 19:21:09 -0700 From: esetser Subject: Re: [CANSLIM] Why are you all off topic so much? Our little group here seems to offer up a good amount of CANSLIM data along with quite a bit of related investment advice. When I first joined the group, there was one member who was a rather prolific poster on his day-trading of CSCO. At the time, I found the messages off-subject, and eventually just ignored many of them. However, this particular poster was quite a technician and offered many insights on technical analysis mixed within the CSCO buy and sell orders. I can see the value in many of his posts now, and probably miss the color and variety his posts offered. As time goes on, you will find this group will bring up the odd non-investing subject here and then (i.e. Windows OS). I think this happens due to the generally helpful attitude of many of the members. However, I don't think you will see many of these subjects for very long. In the end, CANSLIM and related investing techniques (and I consider HGS related) will be the focus. At 06:57 PM 1/21/01 -0800, you wrote: >I have been reading the digest version of your issues for 2-3 months now. >While there is a lot of good information being exchanged I am more than a >bit surprised at how off the topic you allow posts to get. Perhaps this is >something you cannot edit (I really don't know if you can or care to do so). >It seems funny to me that there is so much talk about windows operating >systems and the like along with references to investment theories that are >not WON/CANSLIM (such as Ian Woodward's website). Do you really think that >WON would refer people learning or following CANSLIM to Woodward's website? >I highly doubt it. Perhaps my expectations are off base, but this is >certainly not a "CANSLIM" only discussion. In any case, I was hoping that >you could help clarify if the discussion is in line with what and where you >want it to be. Thanks in advance for your thoughts, Marty Lipsey > >- > > > - - ------------------------------ Date: Mon, 22 Jan 2001 21:21:55 -0500 From: "Charles Layne" Subject: Re: [CANSLIM] ANOTHER ACRONYM EXPLANATION REQUEST - ----- Original Message ----- From: "Tom Worley" To: Sent: Monday, January 22, 2001 8:16 PM Subject: Re: [CANSLIM] ANOTHER ACRONYM EXPLANATION REQUEST > Charles, > > Not sure I understand your question. WON = William O'Neil, > father of CANSLIM and founder of IBD. He is the same guy, and > other than the fact that he has not updated HTMMIS (How To Make > Money In Stocks), speaks with one voice. Tom, Perhaps you answered the question anyway. It is just that in some of the recent posts referring to WON, IBD, CS, & DGO (see, I'm picking it up quickly - former Navy, used to all kinds of acronyms), I thought I read distinctions being made between some or all of them. I certainly presumed that they would all have an interrelated approach. Thanks for responding. Charles Layne - - ------------------------------ Date: Tue, 23 Jan 2001 02:41:33 +0000 (GMT) From: musicant@pacbell.net (Dan Musicant) Subject: Re: [CANSLIM] ISO Access and Excel Genius On Mon, 22 Jan 2001 11:24:02 -0600, you wrote: : :My problem is to export the initial Excel tables into Access : :I use Office 2000 and NT4Sp6 : :Any help with this will be appreciated : :I will be glad to share the results of my studies with the group : :Lonnie Lepp :tllepp@wt.net : It should not be difficult for you to import the Excel data into Access. I'm not an Access person, but I was shown the basic procedures just a few days ago and it's very simple. I think it's a wizard you are looking for and it's extremely user friendly. In case you have problems importing directly from Excel (you shouldn't), you could try saving the Excel data in comma delimited format ("CSV" for comma separated values) and importing into Access from that data. However, Access should show you import wizards that make this a snap. Look in the help under "wizard" if you can't find it readily from the Access menu items. Let me know if you continue to have trouble and I will help you when I get back to work later this week (taking a few days off). At work I have Access 2000 and a recent version of Excel to experiment with. Dan Musicant - - ------------------------------ Date: Mon, 22 Jan 2001 21:42:46 -0500 From: "Charles Layne" Subject: Re: [CANSLIM] Why are you all off topic so much? - ----- Original Message ----- From: "Ann Hollingworth" To: Sent: Monday, January 22, 2001 9:11 PM Subject: RE: [CANSLIM] Why are you all off topic so much? > Tom, as a lurker who feels very novice at all this, I really appreciate your > invitation for questions and comments. > In the past two weeks I bought (and then had to sell!!) SHFL, LEN, and BPFH. > I meant to follow CANSLIM, but apparently LEN was a LLUR, and I thought it > was a cup and handle. I thought I was following the suggestions for waiting > for follow throughs, etc. I guess there are no guarantees, but I am feeling > very discouraged by all the attempts I have made to use CANSLIM. (Last fall > I bought--and soon thereafter sold-- APWR and EMLX.) > > Is there something I can learn from all of this? Is it something I am doing, > or CANSLIM?? Should I keep trying? (Right now mutual funds are looking more > promising!) I have not been a participant in this forum for very long, but I have been trying to learn CANSLIM (as well as other technical analysis) since 1992. I am still learning, so don't give up yet. Do you take IBD? If so, you have probably read the Investor's Corner articles about using bear market times to study & research. Have you been to the IBD website? O'Neill has a spot where he answers questions. In a recent response, he flat out said not to buy in a bear market. Obviously, participants here do not take that suggestion completely - present company included. However, I have come to the opinion that I have to be ready to pull the trigger much more quickly on my buys in a bear market, no matter how good the numbers look. For instance, I have been fortunate enough to grab MDC a little under 29 and seen it go to 39 or so in short order. However, a couple of days last week saw it drop to around 33. I waited, thinking it would firm up quickly only to see some significant profit vanish. I now have a stop a little under 33, but it firmed up today without hitting it. I still have my stop in place. In hindsight, I might have been better off jumping off more quickly and looking for a re-entry poit; but that carries its risks, too. Not as fortunate with ANF. Again, solid IBD numbers, got in at a good pivot point, watched it begin to take shape for a couple or three days, then woke up one morning with it gapped down about 6 or 7 points. Same store sales didn't keep up, and it got hammered. No chance to sell for my "8%" loss. In rather untypical CANSLIM fashion, I still have it, and it is still battling - closer to my entry than before. Which leads me to a question with this experience under my belt: if one is trying to apply the CS philosophy of around 8% loss risk, what do we do with a stock that gaps down? Take a larger hit and be done with it? So... those strict constructionists adhering to WON are not in the market right now anyway. Otherwise, preserve capital. Better days - they are bound to return! Charles Layne - - ------------------------------ Date: Mon, 22 Jan 2001 19:48:55 -0700 From: esetser Subject: RE: [CANSLIM] Why are you all off topic so much? Ann, I think you are in good company on this one. I bought and was stopped out of SHFL and ALSI last week. My other positions are hanging in there for now, but I haven't seen much good action on them in general. (I did have one nice move today on SKX.) This market is very difficult right now, and many if not most of the breakouts are failing. Here's a quick summary of what I see in your choices: SHFL - Well I bit on this one also, so I liked it. 2 1/2 month base, strong breakout on huge volume, but no handle. Failed 2 days later, but has since moved higher. A soft stop might have kept you in this one, but I've been burned on those too many times. I chalk this one up to the cost of insurance against the big loser. LEN - This one looks a little rough to be an LLUR to me, but I haven't really used that chart pattern anyway. From a CANSLIM perspective, this one broke out of a 1 month base on great volume. WON discussed 7-8 weeks as a minimum time for a base, and I agree, so this one wouldn't make my cut. In some cases, the short bases are the only ones you can find on strong stocks, but I think they are less likely to succeed also. I use 7 weeks as an absolute minimum. BPFH - This one looks better from a technical standpoint. It also had no handle. It's a little scary to buy a breakout based on just a few days of strong action, but I've been trying a few of these myself. There was quite a bit a selling volume several days after the breakout, so you might have been able to see the problem and escape with less damage. At 09:11 PM 1/22/01 -0500, you wrote: >Tom, as a lurker who feels very novice at all this, I really appreciate your >invitation for questions and comments. >In the past two weeks I bought (and then had to sell!!) SHFL, LEN, and BPFH. >I meant to follow CANSLIM, but apparently LEN was a LLUR, and I thought it >was a cup and handle. I thought I was following the suggestions for waiting >for follow throughs, etc. I guess there are no guarantees, but I am feeling >very discouraged by all the attempts I have made to use CANSLIM. (Last fall >I bought--and soon thereafter sold-- APWR and EMLX.) > >Is there something I can learn from all of this? Is it something I am doing, >or CANSLIM?? Should I keep trying? (Right now mutual funds are looking more >promising!) > >Thanks, > >Ann Hollingworth > >-----Original Message----- >From: owner-canslim@lists.xmission.com >[mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley >Sent: Monday, January 22, 2001 8:11 PM >To: canslim@lists.xmission.com >Subject: Re: [CANSLIM] Why are you all off topic so much? > > >Hi Marty, > >You got a number of excellent responses back, and I'll add mine >to them since I am one of the older (and longer term) members of >this great discussion group. I am also one who has often led the >discussion astray from CANSLIM, even tho I prefer normally it >stays on topic. > >I used to post a good bit on economics, since I felt that was >important background for CANSLIMers, considering the long term >implications of CANSLIM. I don't anymore, as it seemed of little >interest to the group. > >Lately, I limit my contribution to the weekly DGO List, which >can't be much more "on topic" as it is drawn strictly from WON's >Daily Graphs Online, and follows CS rules. > >But the more we hear from lurkers trying to learn, or better >apply, CANSLIM then the more on topic we will remain. Some of the >best questions, suggestions, picks and points come from the >lurkers who think they are not yet "expert enough" to contribute. >They often surprise themselves, but there is no better place to >check out their understanding and application. > >Jeff Salisbury gives us members a pretty free hand here, so long >as we are not rude or spamming or touting non-CS stocks. I would >encourage you, and all other lurkers (and I know you are out >there!!) to participate more, contribute more, ask more questions >on points you do not understand. That is what has made this the >best online discussion group of any, much less an investment >group (where egos and tempers can often flare, mine included). >This group is over four years old now, and that's rare for the >net as far as I know. And in that time, it has matured without >not changing its character, that is a credit to its members. > >Finally, I would add that I have picked up a lot of relevant (but >not CANSLIM) info here on internet resources, software, other >informational sites, etc. All that has added to my ability >online to better pursue CANSLIM stocks. > >Regards, > >Tom Worley >stkguru@netside.net >ICQ # 5568838 > > >----- Original Message ----- >From: Marty Lipsey >To: >Sent: Sunday, January 21, 2001 9:57 PM >Subject: [CANSLIM] Why are you all off topic so much? > > >I have been reading the digest version of your issues for 2-3 >months now. >While there is a lot of good information being exchanged I am >more than a >bit surprised at how off the topic you allow posts to get. >Perhaps this is >something you cannot edit (I really don't know if you can or care >to do so). >It seems funny to me that there is so much talk about windows >operating >systems and the like along with references to investment theories >that are >not WON/CANSLIM (such as Ian Woodward's website). Do you really >think that >WON would refer people learning or following CANSLIM to >Woodward's website? >I highly doubt it. Perhaps my expectations are off base, but >this is >certainly not a "CANSLIM" only discussion. In any case, I was >hoping that >you could help clarify if the discussion is in line with what and >where you >want it to be. Thanks in advance for your thoughts, Marty Lipsey > >- > > > >- > > >- > > > - - ------------------------------ Date: Mon, 22 Jan 2001 22:28:38 -0500 From: "Ann Hollingworth" Subject: RE: [CANSLIM] Why are you all off topic so much? Charles and 'esetser': Thanks for the feedback and detailed answers. I will study them. I do get IBD and visit their website almost daily. The trouble is that I have a limited amount of time to spend on this. How much do you and others spend on investing a day?? Ann - - ------------------------------ Date: 22 Jan 2001 19:31:22 -0800 From: "Tim Fisher" Subject: RE: [CANSLIM] Why are you all off topic so much? LEN is CANSLIM; cups and handles are not the only chart pattern that you can buy off of. LEN is best bought after pulling back to the 50 dma, like a lot of LLURs. At 09:11 PM 1/22/2001 -0500, you wrote: >Tom, as a lurker who feels very novice at all this, I really appreciate your >invitation for questions and comments. >In the past two weeks I bought (and then had to sell!!) SHFL, LEN, and BPFH. >I meant to follow CANSLIM, but apparently LEN was a LLUR, and I thought it >was a cup and handle. I thought I was following the suggestions for waiting >for follow throughs, etc. I guess there are no guarantees, but I am feeling >very discouraged by all the attempts I have made to use CANSLIM. (Last fall >I bought--and soon thereafter sold-- APWR and EMLX.) > >Is there something I can learn from all of this? Is it something I am doing, >or CANSLIM?? Should I keep trying? (Right now mutual funds are looking more >promising!) > >Thanks, > >Ann Hollingworth > >-----Original Message----- >From: owner-canslim@lists.xmission.com >[mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley >Sent: Monday, January 22, 2001 8:11 PM >To: canslim@lists.xmission.com >Subject: Re: [CANSLIM] Why are you all off topic so much? > > >Hi Marty, > >You got a number of excellent responses back, and I'll add mine >to them since I am one of the older (and longer term) members of >this great discussion group. I am also one who has often led the >discussion astray from CANSLIM, even tho I prefer normally it >stays on topic. > >I used to post a good bit on economics, since I felt that was >important background for CANSLIMers, considering the long term >implications of CANSLIM. I don't anymore, as it seemed of little >interest to the group. > >Lately, I limit my contribution to the weekly DGO List, which >can't be much more "on topic" as it is drawn strictly from WON's >Daily Graphs Online, and follows CS rules. > >But the more we hear from lurkers trying to learn, or better >apply, CANSLIM then the more on topic we will remain. Some of the >best questions, suggestions, picks and points come from the >lurkers who think they are not yet "expert enough" to contribute. >They often surprise themselves, but there is no better place to >check out their understanding and application. > >Jeff Salisbury gives us members a pretty free hand here, so long >as we are not rude or spamming or touting non-CS stocks. I would >encourage you, and all other lurkers (and I know you are out >there!!) to participate more, contribute more, ask more questions >on points you do not understand. That is what has made this the >best online discussion group of any, much less an investment >group (where egos and tempers can often flare, mine included). >This group is over four years old now, and that's rare for the >net as far as I know. And in that time, it has matured without >not changing its character, that is a credit to its members. > >Finally, I would add that I have picked up a lot of relevant (but >not CANSLIM) info here on internet resources, software, other >informational sites, etc. All that has added to my ability >online to better pursue CANSLIM stocks. > >Regards, > >Tom Worley >stkguru@netside.net >ICQ # 5568838 > > >----- Original Message ----- >From: Marty Lipsey >To: >Sent: Sunday, January 21, 2001 9:57 PM >Subject: [CANSLIM] Why are you all off topic so much? > > >I have been reading the digest version of your issues for 2-3 >months now. >While there is a lot of good information being exchanged I am >more than a >bit surprised at how off the topic you allow posts to get. >Perhaps this is >something you cannot edit (I really don't know if you can or care >to do so). >It seems funny to me that there is so much talk about windows >operating >systems and the like along with references to investment theories >that are >not WON/CANSLIM (such as Ian Woodward's website). Do you really >think that >WON would refer people learning or following CANSLIM to >Woodward's website? >I highly doubt it. Perhaps my expectations are off base, but >this is >certainly not a "CANSLIM" only discussion. In any case, I was >hoping that >you could help clarify if the discussion is in line with what and >where you >want it to be. Thanks in advance for your thoughts, Marty Lipsey > >- > > > >- > > >- Tim Fisher, 1995 President, Pacific Fishery Biologists Ore-ROCK-On Rockhounding Web Site PFB Information mailto:tim@OreRockOn.com WWW http://OreRockOn.com - - ------------------------------ Date: Mon, 22 Jan 2001 20:51:16 -0700 From: esetser Subject: RE: [CANSLIM] Why are you all off topic so much? Hmm, it varies alot with the market. I would say when things are hopping, I probably spend 1-2 hours a day checking on the market, watching my candidates, and looking at charts each night. Then I spend another 3 hours on the weekend every couple of weeks running through my IBDs and database to generate new candidate lists. I'm planning on subscribing to DGO to cut down on the weekend time, but I think you need at least an hour a day to keep up when you are investing or watching existing positions. At 10:28 PM 1/22/01 -0500, you wrote: >Charles and 'esetser': > >Thanks for the feedback and detailed answers. I will study them. I do get >IBD and visit their website almost daily. The trouble is that I have a >limited amount of time to spend on this. How much do you and others spend on >investing a day?? > >Ann > > >- > > > - - ------------------------------ Date: Mon, 22 Jan 2001 22:26:27 -0700 From: "Patrick Wahl" Subject: Re: [CANSLIM] Re: CANSLIM - Schwager's book Nope, new book as I said, published in 2001, you and "The Currys" are referring to "Market Wizards", I am referring to "Stock Market Wizards". This one, I think, has interviews with some daytrader types and more fund managers, strictly stock market people judging by the title. I guess I am wondering, if anyone has read the new one, if it contains any new insights that wouldn't have been seen already in his first two "Wizard" books. On 22 Jan 01, at 17:24, Bill Triffet wrote: > > Great book. It's also the book that turned me onto canslim. It's been in > print for a number of years. Perhaps this is a revised edition? > > -Bill Triffet > > > > Date: Mon, 22 Jan 2001 16:05:22 -0700 > > From: "Patrick Wahl" > > Subject: [CANSLIM] Schwager Book > > > > I noticed a new book by Jack Schwager called "Stock Market > > Wizards". If anyone has read it, I wonder if they would mind > > passing along their opinion. Took a look at some user comments > > at Amazon, there was one very negative review, several positive > > ones. > > > > > > - > - - ------------------------------ Date: Mon, 22 Jan 2001 22:26:27 -0700 From: "Patrick Wahl" Subject: RE: [CANSLIM] Why are you all off topic so much? Kevin Marder has a book out, interviews with traders, I found it marginally interesting. Marder writes a column at TradingMarkets.com. Kuhn used to write a column there, but I believe he gave up the column a month or two ago. On 22 Jan 01, at 19:18, Ann Hollingworth wrote: > Do Marder and Kuhn have a book? website? How can I find out more about them? > Thanks for all this helpful information! > Ann H. > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Dave Cameron > Sent: Monday, January 22, 2001 3:16 PM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] Why are you all off topic so much? > > > Time for my two cents... > > --- Tim Fisher wrote: > > IMHO WON has allowed his system to stagnate to the > > point where following the rules exactly as outlined > > in HTMMIS is too frustrating for most people in this > > volatile market, and turns one into a day-trader > > against their will. > > > > I agree, or else in my case, since being a day-trader > is NOT one of my goals (CANSLIM is supposed to be > longer term) - ended up either giving back gains > or taking bigger losses. Neither of which is > very profitable. > > Marder/Kuhn have a system which is very CANSLIM-like > as well - yet updates a bit for the vagaries of the > market. I wish I'd paid more attention to them > rather than the letter of CANSLIM. > > Finally, I think its OK to go a little off-topic > as long as we don't go TOO far off-topic. Not > sure if our resident day-trader is still around > anywhere, he admitted to being a day-trader who > wanted to learn about CANSLIM. It was helpful > for me because it taught me some of the patterns > which seemed to fit CANSLIM, but due to the > action in the MACD - were more fake out moves > for day-trading purposes. From that, I've > signed up for ClearStation (on-line) to isolate > those - and its improved my investing. > > Dave > > > > __________________________________________________ > Do You Yahoo!? > Yahoo! Auctions - Buy the things you want at great prices. > http://auctions.yahoo.com/ > > - > > > - > - - ------------------------------ End of canslim-digest V2 #1096 ****************************** To unsubscribe to canslim-digest, send an email to "majordomo@xmission.com" with "unsubscribe canslim-digest" in the body of the message. For information on digests or retrieving files and old messages send "help" to the same address. Do not use quotes in your message.