From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #1962 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 Sunday, December 16 2001 Volume 02 : Number 1962 In this issue: Re: [CANSLIM] Point of View: Why bother with fundamentals? Re: [CANSLIM] Point of View: Why bother with fundamentals? Re: [CANSLIM] Point of View: Why bother with fundamentals? ---------------------------------------------------------------------- Date: Sun, 16 Dec 2001 20:36:30 -0500 From: "Dan Forant" Subject: Re: [CANSLIM] Point of View: Why bother with fundamentals? This is a multi-part message in MIME format. - ------=_NextPart_000_001F_01C18671.57AA75A0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Because in a bad market like this one, short term cup & handles and = other chart formations used with technical charts help me get out = quicker. They also bolster my urge to buy a stock. I don't care why a = stock goes up or down, as long as I can get some insight *when* it will. = Example, EPIQ, I was in at 22, 11/8 and out 11/20 at 25.15 the close. = Not a staggering profit, but not a %7 loss either. Macd, macd hist, = stoch, rsi stock compared to SP500, was falling. I cut and run and don't = look back. Who was it Carnegie that always sold early?? We've been = given a lot of huff and puff with this rally. There are many casualties. DanF Danf ----- Original Message -----=20 From: Gene Ricci=20 To: canslim@lists.xmission.com=20 Sent: Sunday, December 16, 2001 8:08 PM Subject: Re: [CANSLIM] Point of View: Why bother with fundamentals? Dan, I assume that you're supporting the 'need' for fundamentals. If = so, why? ----- Original Message -----=20 From: Dan Forant=20 To: canslim@lists.xmission.com=20 Sent: Sunday, December 16, 2001 6:24 PM Subject: Re: [CANSLIM] Point of View: Why bother with fundamentals? Funny, I've been using a simple stochastics and macd hist chart for = months now. Sure when green rolls over red buy. Red over green sell. = Know what? It works, till *M* rolls around again for Canslim. It's like = being on vacation away from all the data. The big winners are few to = none though compared to when Canslim works. DanF ----- Original Message -----=20 From: Gene Ricci=20 To: canslim@lists.xmission.com=20 Sent: Sunday, December 16, 2001 5:23 PM Subject: Re: [CANSLIM] Point of View: Why bother with = fundamentals? K, thanks for the clarification. A couple of weeks ago I would have said 'no fundamentals... are = you kidding me'.=20 I've had several discussions over the past 2-3 weeks and as = recently as last Thursday, I was told to think 'out of the box' by a VP = at WizeTrade. I signed up for their 30-day trial (week ago) and was in = his office 'showing' him the shortcomings of his system. He showed me a = sign that said... price is determined by buyers and sellers. He went on = to say that all I had to do was to look at the Green (buy) and Red = (sell) indicators.... green means more buyers than sellers and red more = sellers than buyers. The program has charts.... felt better when I found = that out.... turns out the charts were just time intervals intraday, = day, week, month.... the lines on the chart were green and red. When the = green crossed up over red, time to buy.... when red over green it's time = to sell.=20 From WizeTrade home page or links. The green line and the red line are summation formulas and not = price lines or graphs "No, WizetradeT is not based on "moving averages." = WizetradeT uses seven key technical indicators to perform its complex = "real-time" calculations at the rate of 800-1500 calculations per = second. The seven key indicators are the previous day's closing price, = the current day's opening price, high, low, every up tick, every down = tick - which are then exponentially weighted to volume."=20 How can this system work, no fundamentals, stochastic, MACD, = candlesticks, CANSLIM, etc.?? They seem to take pride in buying = companies that they don't know much about or what the symbol stands = for.... they do take pride in the fact that their software tells them = immediately when there are more buyers than sellers, etc. .... BTW, they = signaled to get out of ENE at 80+. I was told that fundamentals were nothing more than a time waster = and a poor placebo (in a nice way).=20 I'm interested in learning 'the truth'. Certainly would be nice to = quit looking at fundamentals and all that research as well as spending = money on DGO/IBD.... etc. WizeTrade also eliminates the need to track or = know anything about sector rotation.... their buyers and sellers tell = them all that. Is it possible that I've been wasting my time looking for data to = support what I call a good company? Naw, can't be! Guess I'll just have to try to understand how and if their system = works.... over the holidays.=20 Disclaimer: I don't work for them and until my trial is over, I'm = not even a customer. Gene ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Sunday, December 16, 2001 2:55 PM Subject: Re: [CANSLIM] Point of View: Why bother with = fundamentals? That would mean any selection criteria that depended on = something other than price/volume/volatility technical indicators. Katherine ----- Original Message -----=20 From: Gene Ricci=20 To: canslim@lists.xmission.com=20 Sent: Sunday, December 16, 2001 3:14 PM Subject: Re: [CANSLIM] Point of View: Why bother with = fundamentals? Please define "any sort of fundamental analysis"...=20 Thanks, Gene ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Sunday, December 16, 2001 10:12 AM Subject: [CANSLIM] Point of View: Why bother with = fundamentals? Proposed: If a typical CANSLIM/Intermediate term move in a stock lasts = only a few weeks, and in good markets, only a few months, why bother = selecting portfolio candidates using any sort of fundamental analysis? = Returns in this time period are strictly based on price movement and can = be maximized based on technical indicators and price/volume action = alone. Thoughts pro/con? Katherine - ------=_NextPart_000_001F_01C18671.57AA75A0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Because in a bad market like this one, = short term=20 cup & handles and other chart formations used with technical charts = help me=20 get out quicker. They also  bolster my urge to buy a stock. I don't = care=20 why a stock goes up or down, as long as I can get some insight *when* it = will.=20 Example, EPIQ, I was in at 22, 11/8 and out 11/20 at 25.15 the close. = Not a=20 staggering profit, but not a %7 loss either. Macd, macd hist, = stoch, rsi=20 stock compared to SP500, was falling. I cut and run and don't look back. = Who was=20 it Carnegie that  always sold early?? We've been given a lot of = huff and=20 puff with this rally. There are many casualties.
 
DanF
 
Danf
----- Original Message -----
From:=20 Gene = Ricci
To: canslim@lists.xmission.com=
Sent: Sunday, December 16, 2001 = 8:08=20 PM
Subject: Re: [CANSLIM] Point of = View: Why=20 bother with fundamentals?

Dan, I assume that you're supporting = the=20 'need' for fundamentals.  If so, why?
 
----- Original Message -----
From:=20 Dan=20 Forant
Sent: Sunday, December 16, = 2001 6:24=20 PM
Subject: Re: [CANSLIM] Point = of View:=20 Why bother with fundamentals?

Funny, I've been using a simple = stochastics and=20 macd hist chart for months now. Sure when green rolls over red buy. = Red over=20 green sell. Know what? It works, till *M* rolls around again for = Canslim.=20 It's like being on vacation away from all the data. The big winners = are few=20 to none though compared to when Canslim works.
 
DanF
----- Original Message ----- =
From:=20 Gene = Ricci=20
To: canslim@lists.xmission.com= =20
Sent: Sunday, December 16, = 2001 5:23=20 PM
Subject: Re: [CANSLIM] = Point of View:=20 Why bother with fundamentals?

K, thanks for the=20 clarification.
 
A couple of weeks ago I would = have said=20 'no fundamentals... are you kidding me'.
 
I've had several discussions = over the past=20 2-3 weeks and as recently as last Thursday, I was told to think = 'out of=20 the box' by a VP at WizeTrade. I signed up for their 30-day=20 trial (week ago) and was in his office 'showing' him the = shortcomings=20 of his system. He showed me a sign that said... price is = determined by=20 buyers and sellers. He went on to say that all I had to do = was to=20 look at the Green (buy) and Red (sell) indicators.... green means = more=20 buyers than sellers and red more sellers than buyers. The program = has=20 charts.... felt better when I found that out.... turns out the = charts were=20 just time intervals intraday, day, week, month.... the lines on = the chart=20 were green and red. When the green crossed up over red, time to = buy....=20 when red over green it's time to sell. 
 
From WizeTrade home page or = links.
 
 The = green line and=20 the red line are summation formulas and not price lines or=20 graphs
 
"No, Wizetrade=99 is not based = on "moving=20 averages." Wizetrade=99 uses seven key technical indicators = to perform=20 its complex "real-time" calculations at the rate of 800-1500 = calculations per second. The seven key indicators are the = previous=20 day's closing price, the current day's opening price, high, = low,=20 every up tick, every down tick - which are then = exponentially=20 weighted to volume."

How can this system work, no = fundamentals,=20 stochastic, MACD, candlesticks, CANSLIM, etc.?? They seem to take = pride in=20 buying companies that they don't know much about or what the = symbol stands=20 for.... they do take pride in the fact that their software tells = them=20 immediately when there are more buyers than sellers, etc. = .... BTW,=20 they signaled to get out of ENE at 80+.

I was told that fundamentals = were nothing=20 more than a time waster and a poor placebo (in a nice way). =
 
I'm interested in = learning 'the=20 truth'. Certainly would be nice to quit looking at fundamentals = and all=20 that research as well as spending money on DGO/IBD.... etc. = WizeTrade also=20 eliminates the need to track or know anything about sector = rotation....=20 their buyers and sellers tell them all that.
 
Is it possible that I've been = wasting my=20 time looking for data to support what I call a good = company?
 
Naw, can't be!
 
Guess I'll just have to try to = understand=20 how and if their system works.... over the holidays.
 
Disclaimer: I don't work for = them and=20 until my trial is over, I'm not even a customer.
Gene
----- Original Message ----- =
From:=20 Katherine=20 Malm
To: canslim@lists.xmission.com= =20
Sent: Sunday, December = 16, 2001=20 2:55 PM
Subject: Re: [CANSLIM] = Point of=20 View: Why bother with fundamentals?

That would mean any selection = criteria that=20 depended on something other than price/volume/volatility = technical=20 indicators.
 
Katherine
----- Original Message ----- =
From:=20 Gene Ricci=20
To: canslim@lists.xmission.com= =20
Sent: Sunday, December = 16, 2001=20 3:14 PM
Subject: Re: [CANSLIM] = Point of=20 View: Why bother with fundamentals?

Please define "any sort of = fundamental=20 analysis"...
 
Thanks,
Gene
 
----- Original Message ----- =
From:=20 Katherine Malm =
To: canslim@lists.xmission.com= =20
Sent: Sunday, = December 16, 2001=20 10:12 AM
Subject: [CANSLIM] = Point of=20 View: Why bother with fundamentals?

Proposed:
 
If a typical = CANSLIM/Intermediate term=20 move in a stock lasts only a few weeks, and in good markets, = only a=20 few months, why bother selecting portfolio candidates using = any sort=20 of fundamental analysis? Returns in this time period are = strictly=20 based on price movement and can be maximized based on = technical=20 indicators and price/volume action alone.
 
Thoughts = pro/con?
 
Katherine
- ------=_NextPart_000_001F_01C18671.57AA75A0-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Sun, 16 Dec 2001 20:24:38 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Point of View: Why bother with fundamentals? This is a multi-part message in MIME format. - ------=_NextPart_000_0032_01C1866F.AFA4F5C0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Gene, It all depends on whether you have the time and stamina to day trade, or = you are trying to invest. If the former, go with WizeTrade. If the = latter, find something that works beyond a few hours or a few days.=20 I have known a number of day traders over the years, and none used = fundies, most didn't even know what the company did for business. = Ignored sector or industry group, earnings (past or future), RS, etc. = Several didn't even really know how to read a chart, simply relied on = current momentum. The ones that did it professionally spent upwards of = 10 hours a day in front of their monitor(s). One had 7 different = monitors and two TVs he tried to watch continuously. Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message -----=20 From: Gene Ricci=20 To: canslim@lists.xmission.com=20 Sent: Sunday, December 16, 2001 5:23 PM Subject: Re: [CANSLIM] Point of View: Why bother with fundamentals? K, thanks for the clarification. =20 A couple of weeks ago I would have said 'no fundamentals... are you = kidding me'.=20 =20 I've had several discussions over the past 2-3 weeks and as recently = as last Thursday, I was told to think 'out of the box' by a VP at = WizeTrade. I signed up for their 30-day trial (week ago) and was in his = office 'showing' him the shortcomings of his system. He showed me a sign = that said... price is determined by buyers and sellers. He went on to = say that all I had to do was to look at the Green (buy) and Red (sell) = indicators.... green means more buyers than sellers and red more sellers = than buyers. The program has charts.... felt better when I found that = out.... turns out the charts were just time intervals intraday, day, = week, month.... the lines on the chart were green and red. When the = green crossed up over red, time to buy.... when red over green it's time = to sell.=20 =20 From WizeTrade home page or links. =20 The green line and the red line are summation formulas and not price = lines or graphs =20 "No, WizetradeT is not based on "moving averages." WizetradeT = uses seven key technical indicators to perform its complex "real-time" = calculations at the rate of 800-1500 calculations per second. The seven = key indicators are the previous day's closing price, the current day's = opening price, high, low, every up tick, every down tick - which are = then exponentially weighted to volume."=20 How can this system work, no fundamentals, stochastic, MACD, = candlesticks, CANSLIM, etc.?? They seem to take pride in buying = companies that they don't know much about or what the symbol stands = for.... they do take pride in the fact that their software tells them = immediately when there are more buyers than sellers, etc. .... BTW, they = signaled to get out of ENE at 80+. I was told that fundamentals were nothing more than a time waster and = a poor placebo (in a nice way).=20 =20 I'm interested in learning 'the truth'. Certainly would be nice to = quit looking at fundamentals and all that research as well as spending = money on DGO/IBD.... etc. WizeTrade also eliminates the need to track or = know anything about sector rotation.... their buyers and sellers tell = them all that. =20 Is it possible that I've been wasting my time looking for data to = support what I call a good company? =20 Naw, can't be! =20 Guess I'll just have to try to understand how and if their system = works.... over the holidays.=20 =20 Disclaimer: I don't work for them and until my trial is over, I'm not = even a customer. Gene ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Sunday, December 16, 2001 2:55 PM Subject: Re: [CANSLIM] Point of View: Why bother with fundamentals? That would mean any selection criteria that depended on something = other than price/volume/volatility technical indicators. =20 Katherine ----- Original Message -----=20 From: Gene Ricci=20 To: canslim@lists.xmission.com=20 Sent: Sunday, December 16, 2001 3:14 PM Subject: Re: [CANSLIM] Point of View: Why bother with = fundamentals? Please define "any sort of fundamental analysis"...=20 =20 Thanks, Gene =20 ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Sunday, December 16, 2001 10:12 AM Subject: [CANSLIM] Point of View: Why bother with fundamentals? Proposed: =20 If a typical CANSLIM/Intermediate term move in a stock lasts = only a few weeks, and in good markets, only a few months, why bother = selecting portfolio candidates using any sort of fundamental analysis? = Returns in this time period are strictly based on price movement and can = be maximized based on technical indicators and price/volume action = alone. =20 Thoughts pro/con? =20 Katherine - ------=_NextPart_000_0032_01C1866F.AFA4F5C0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Gene,
 
It all depends on whether you have the time and = stamina to day=20 trade, or you are trying to invest. If the former, go with WizeTrade. If = the=20 latter, find something that works beyond a few hours or a few days.=20
 
I have known a number of day traders over the years, = and none=20 used fundies, most didn't even know what the company did for business. = Ignored=20 sector or industry group, earnings (past or future), RS, etc. Several = didn't=20 even really know how to read a chart, simply relied on current momentum. = The=20 ones that did it professionally spent upwards of 10 hours a day in front = of=20 their monitor(s). One had 7 different monitors and two TVs he tried to = watch=20 continuously.
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
----- Original Message -----
From:=20 Gene = Ricci
To: canslim@lists.xmission.com =
Sent: Sunday, December 16, 2001 = 5:23=20 PM
Subject: Re: [CANSLIM] Point of = View: Why=20 bother with fundamentals?

K, thanks for the = clarification.
 
A couple of weeks ago I would have = said 'no=20 fundamentals... are you kidding me'.
 
I've had several discussions over = the past 2-3=20 weeks and as recently as last Thursday, I was told to think 'out of = the box'=20 by a VP at WizeTrade. I signed up for their 30-day = trial (week=20 ago) and was in his office 'showing' him the shortcomings of his = system. He=20 showed me a sign that said... price is determined by buyers and = sellers. He=20 went on to say that all I had to do was to look at the Green = (buy) and=20 Red (sell) indicators.... green means more buyers than sellers and red = more=20 sellers than buyers. The program has charts.... felt better when I = found that=20 out.... turns out the charts were just time intervals intraday, day, = week,=20 month.... the lines on the chart were green and red. When the green = crossed up=20 over red, time to buy.... when red over green it's time to=20 sell. 
 
From WizeTrade home page or=20 links.
 
 The green = line and the=20 red line are summation formulas and not price lines or=20 graphs
 
"No, = Wizetrade™ is not=20 based on "moving averages." Wizetrade™ uses seven key = technical=20 indicators to perform its complex "real-time" calculations at = the rate=20 of 800-1500 calculations per second. The seven key indicators = are the=20 previous day's closing price, the current day's opening price, = high,=20 low, every up tick, every down tick - which are then = exponentially=20 weighted to volume."

How can this system work, no = fundamentals,=20 stochastic, MACD, candlesticks, CANSLIM, etc.?? They seem to take = pride in=20 buying companies that they don't know much about or what the symbol = stands=20 for.... they do take pride in the fact that their software tells them=20 immediately when there are more buyers than sellers, etc. .... = BTW, they=20 signaled to get out of ENE at 80+.

I was told that fundamentals were = nothing more=20 than a time waster and a poor placebo (in a nice way).
 
I'm interested in learning 'the = truth'.=20 Certainly would be nice to quit looking at fundamentals and all that = research=20 as well as spending money on DGO/IBD.... etc. WizeTrade also = eliminates the=20 need to track or know anything about sector rotation.... their buyers = and=20 sellers tell them all that.
 
Is it possible that I've been = wasting my time=20 looking for data to support what I call a good company?
 
Naw, can't be!
 
Guess I'll just have to try to = understand how=20 and if their system works.... over the holidays.
 
Disclaimer: I don't work for them = and until my=20 trial is over, I'm not even a customer.
Gene
----- Original Message -----
From:=20 Katherine=20 Malm
To: canslim@lists.xmission.com =
Sent: Sunday, December 16, = 2001 2:55=20 PM
Subject: Re: [CANSLIM] Point = of View:=20 Why bother with fundamentals?

That would mean any selection = criteria that=20 depended on something other than price/volume/volatility technical=20 indicators.
 
Katherine
----- Original Message ----- =
From:=20 Gene = Ricci=20
To: canslim@lists.xmission.com =
Sent: Sunday, December 16, = 2001 3:14=20 PM
Subject: Re: [CANSLIM] = Point of View:=20 Why bother with fundamentals?

Please define "any sort of = fundamental=20 analysis"...
 
Thanks,
Gene
 
----- Original Message ----- =
From:=20 Katherine=20 Malm
To: canslim@lists.xmission.com
Sent: Sunday, December = 16, 2001=20 10:12 AM
Subject: [CANSLIM] Point = of View:=20 Why bother with fundamentals?

Proposed:
 
If a typical = CANSLIM/Intermediate term move=20 in a stock lasts only a few weeks, and in good markets, only a = few=20 months, why bother selecting portfolio candidates using any sort = of=20 fundamental analysis? Returns in this time period are strictly = based on=20 price movement and can be maximized based on technical = indicators and=20 price/volume action alone.
 
Thoughts pro/con?
 
Katherine
- ------=_NextPart_000_0032_01C1866F.AFA4F5C0-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Sun, 16 Dec 2001 20:36:53 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Point of View: Why bother with fundamentals? This is a multi-part message in MIME format. - ------=_NextPart_000_003A_01C18671.65F0F080 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Actually, Warren, I didn't hold onto it thru "thick and thin". My first = trip well over two years ago was a near perfect CANSLIM play, only rules = I violated was buying a stock then around $12, and with limited = liquidity. Timed it near perfect, went up in an almost continuous trend = for 7 straight weeks. There I violated the other rule, sold a stock with = more than a 20% gain in less than 8 weeks (sold for a 70% gain in 7 = weeks). Exit turned out also correct, later bought it a 2nd and 3rd time = for 20% and 30% gains. Last buy was nearly 18 months ago, and sold half = after 10 months for a 220% gain, then sold another qtr position several = months later for over 400% gain.=20 I have made it clear, through over five years of posting here, that I = violate many CANSLIM rules. Simply by buying thinly traded, low priced = small caps, I am out of the mainstream of modern day CANSLIM. That's = just one of many reasons why I do not normally post my stocks. But with = my years of experience in investing, and many painful lessons learned, = plus over a decade of trying to work with CANSLIM and WON products, I = feel I can take those risks with my own money. EPIQ is just one example of where early profits, combined with an = exceptional business model, and solid fundies, allowed me to hold thru = numerous corrections that would have stopped out the typical short term = investor. That is why my remaining holding in EPIQ is up 408% in under = 2 years. And why I will buy more at the right price. But I never could = have done it without knowing how to invest in thinly traded, low priced = small and micro cap stocks. CANSLIM is designed for individual customization. Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message -----=20 From: Warren Keuffel=20 To: canslim@lists.xmission.com=20 Sent: Sunday, December 16, 2001 7:20 PM Subject: Re: [CANSLIM] Point of View: Why bother with fundamentals? Yes, but if you held on to EPIQ through thick and thin, you're = violating the sell rules of CANSLIM. So are you saying you only follow the buy rules but not the sell rules? Warren Tom Worley wrote: > CON - I like fundies Aside from artificial stimulus like a wire = house > upgrade, or a firm being paid to hype / tout a stock, price movement > is driven by expectations for the future. And those expectations are > based on fundamentals of the stock. I also disagree with a belief = that > a solid, quality CANSLIM purchase will only make you money for a few > weeks or a few months. Had I played EPIQ for every updraft and > downdraft, I would undoubtedly have found myself on the wrong side > more than once. Instead I held for over 14 months and saw it go up > over 500%. Fundamentals also build a degree of confidence that = during > major events such as the 9/11 attacks, a good company can survive = and > recover value. Fundamentals, and their rate of growth, also help us > see leadership. Tom Worley > stkguru@netside.net > AIM: TexWorley > > ----- Original Message ----- > From: Katherine Malm > To: canslim@lists.xmission.com > Sent: Sunday, December 16, 2001 11:12 AM > Subject: [CANSLIM] Point of View: Why bother with > fundamentals? > Proposed: If a typical CANSLIM/Intermediate term move in a > stock lasts only a few weeks, and in good markets, only a > few months, why bother selecting portfolio candidates using > any sort of fundamental analysis? Returns in this time > period are strictly based on price movement and can be > maximized based on technical indicators and price/volume > action alone. Thoughts pro/con? Katherine > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - ------=_NextPart_000_003A_01C18671.65F0F080 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Actually, Warren, I didn't hold onto it thru "thick = and thin".=20 My first trip well over two years ago was a near perfect CANSLIM play, = only=20 rules I violated was buying a stock then around $12, and with limited = liquidity.=20 Timed it near perfect, went up in an almost continuous trend for 7 = straight=20 weeks. There I violated the other rule, sold a stock with more than a = 20% gain=20 in less than 8 weeks (sold for a 70% gain in 7 weeks). Exit turned out = also=20 correct, later bought it a 2nd and 3rd time for 20% and 30% gains. Last = buy was=20 nearly 18 months ago, and sold half after 10 months for a 220% gain, = then sold=20 another qtr position several months later for over 400% gain. =
 
I have made it clear, through over five years of = posting here,=20 that I violate many CANSLIM rules. Simply by buying thinly traded, low = priced=20 small caps, I am out of the mainstream of modern day CANSLIM. That's = just one of=20 many reasons why I do not normally post my stocks. But with my years of=20 experience in investing, and many painful lessons learned, plus over a = decade of=20 trying to work with CANSLIM and WON products, I feel I can take those = risks with=20 my own money.
 
EPIQ is just one example of where early profits, = combined with=20 an exceptional business model, and solid fundies, allowed me to hold = thru=20 numerous corrections that would have stopped out the typical short term=20 investor.  That is why my remaining holding in EPIQ is up 408% in = under 2=20 years. And why I will buy more at the right price. But I never could = have done=20 it without knowing how to invest in thinly traded, low priced small and = micro=20 cap stocks.
 
CANSLIM is designed for individual = customization.
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
----- Original Message -----
From:=20 Warren=20 Keuffel
To: canslim@lists.xmission.com =
Sent: Sunday, December 16, 2001 = 7:20=20 PM
Subject: Re: [CANSLIM] Point of = View: Why=20 bother with fundamentals?

Yes, but if you held on to EPIQ through thick and thin, = you're=20 violating
the sell rules of CANSLIM.  So are you saying you = only=20 follow the buy
rules but not the sell = rules?

Warren

Tom=20 Worley wrote:

> CON - I like fundies Aside from artificial = stimulus=20 like a wire house
> upgrade, or a firm being paid to hype / tout = a=20 stock, price movement
> is driven by expectations for the = future. And=20 those expectations are
> based on fundamentals of the stock. I = also=20 disagree with a belief that
> a solid, quality CANSLIM purchase = will=20 only make you money for a few
> weeks or a few months. Had I = played EPIQ=20 for every updraft and
> downdraft, I would undoubtedly have = found myself=20 on the wrong side
> more than once. Instead I held for over 14 = months=20 and saw it go up
> over 500%. Fundamentals also build a degree = of=20 confidence that during
> major events such as the 9/11 attacks, = a good=20 company can survive and
> recover value. Fundamentals, and their = rate of=20 growth, also help us
> see leadership. Tom Worley
> stkguru@netside.net
> = AIM:=20 TexWorley
>
>      ----- Original = Message=20 -----
>      From: Katherine=20 Malm
>      To: canslim@lists.xmission.com=
>     =20 Sent: Sunday, December 16, 2001 11:12 = AM
>     =20 Subject: [CANSLIM] Point of View: Why bother=20 with
>     =20 fundamentals?
>       Proposed: If = a=20 typical CANSLIM/Intermediate term move in=20 a
>      stock lasts only a few weeks, = and in=20 good markets, only a
>      few months, = why=20 bother selecting portfolio candidates=20 using
>      any sort of fundamental = analysis?=20 Returns in this time
>      period are = strictly=20 based on price movement and can = be
>     =20 maximized based on technical indicators and=20 price/volume
>      action alone. = Thoughts=20 pro/con? Katherine
>


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