From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #1964 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, December 17 2001 Volume 02 : Number 1964 In this issue: AW: [CANSLIM] Point of View: Why bother with fundamentals? AW: [CANSLIM] Point of View: Why bother with fundamentals? Re: [CANSLIM] Point of View: Why bother with fundamentals? Industry Analysis (was:[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: Mon, 17 Dec 2001 14:40:22 +0100 From: Andreas Himmelreich Subject: AW: [CANSLIM] Point of View: Why bother with fundamentals? Very good discussion point: But my Industry Analysis that I am doing right know (its a hell of a work to backtest, so it will take some weeks until I have statistical significance) shows that non Canslim Stocks within an IS Group have less upspike in case of an uptrend of the IG (PECS is a good example for this). But what I really have to challenge is to wait for a breakout from a base of an individual stock My Intermediate results show, that this is not neccesary at all, if the market is OK and the IG has a strong uptrend, and itself has a breakout from a Price Base and or Relative Strength base, it might be OK to buy at in the CUP. But this is just first impression and we better wait until I have some statistical significance. Some more stuff from my industries theorie: Market drives Industries, Industries drive individual stocks within this IG.It seems as if the Industry can set up a bull market its stocks, that can even go against a flat or even moderate stage of a bear market (how else can TARO spike up in 2000 and 2001?). At the end of the (intermediate) Bear Market (at least this september) there are only very less ore no Industries which can hold up against the whole market. In this stage "odd" industries like Gold and Stuff win relative Strenght but lose pricewise, so they are not an alternative but a good timing indicator. The beauty is: You can ride Industry Group Bull Markets much longer then Bull Markets for a whole Market. Building and Construction is hip right now, in some weeks this IG breaks down, another emerges and you just jump from wave to wave. The interesting thing: The good stocks itself of an IG can lean against an IG as well, so they hold up longer then the whole IG, enough time to pull the trigger and jump to another IG. Futher more you can avoid fail Breakouts --> If the trend is not up in the IG or even Breaking down, do not take the shot, because usually the breakout will fail (there are exeptions like BPRX). As I said, it is still a not proven theorie, but the more I reasearch, the more it looks the above statements can make a lot of money ... See you Andreas > -----Ursprungliche Nachricht----- > Von: esetser [SMTP:esetser@covad.net] > Gesendet am: Sunday, December 16, 2001 10:09 PM > An: canslim@lists.xmission.com > Betreff: Re: [CANSLIM] Point of View: Why bother with fundamentals? > > I believe the fundamental analysis in CANSLIM increases the odds of gains, > both in the short term, and in the longer term. This is the advantage that > CANSLIM should give us over other momentum approaches, better odds and > longer advances. At least that is my view, and my goal. > > At 10:12 AM 12/16/01 -0600, you wrote: > > 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. - - - -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: Mon, 17 Dec 2001 15:16:58 +0100 From: Andreas Himmelreich Subject: AW: [CANSLIM] Point of View: Why bother with fundamentals? Ryan looks first at Charts !!! (Thats what he said in Market Wizzards, do not know I he still using this aproach) Ryan states that RS is slightly more important then EPS Rating > -----Ursprungliche Nachricht----- > Von: larry l worden [SMTP:worden33@juno.com] > Gesendet am: Monday, December 17, 2001 7:24 AM > An: canslim@lists.xmission.com > Betreff: Re: [CANSLIM] Point of View: Why bother with fundamentals? > > Maybe the question should be, do you get the best fundamental stocks and > then look at the charts, or get the best charts and then look at the > fundamentals? Thanks for the watchlist, I appreciate all of the work. > Larry > > On Sun, 16 Dec 2001 20:36:53 -0500 "Tom Worley" > writes: > 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. > > 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 ----- > From: Warren Keuffel > To: canslim@lists.xmission.com > 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. << Datei: ATT00013.htm >> - - - -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: Mon, 17 Dec 2001 11:24:36 -0800 (PST) From: John Kruger Subject: Re: [CANSLIM] Point of View: Why bother with fundamentals? > But my Industry Analysis that I am doing right know (its a hell of a > work > to backtest, so it will take some weeks until I have statistical > significance) Andreas, Thank you for sharing your efforts. One of the risks that you must guard against in such studies, is to make sure that the period that you use for your back-test is similar to the period during which you will use the results. In particular, be wary of doing back-tests of the long bull market, and then useing those results in the current transtional (my opinion) market. The long bull market had both a strong upward bias and slower group rotation. Just my opinion. John __________________________________________________ Do You Yahoo!? Check out Yahoo! Shopping and Yahoo! Auctions for all of your unique holiday gifts! Buy at http://shopping.yahoo.com or bid at http://auctions.yahoo.com - - - -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: Mon, 17 Dec 2001 12:10:01 -0600 From: "Katherine Malm" Subject: Industry Analysis (was:[CANSLIM] Point of View: Why bother with fundamentals?) John, The issue you bring up is extremely valid. Backtesting through many market cycles with different biases is critical in testing a hypothesis such as this one. I *can* tell you, however, that I use a similar approach to Andreas'. However, I am looking at industry rotation based on shorter cycles and look for strong players to move off the bottom of this rotation. I use it in reverse when looking for tops. I have used it extensively during the Bear and have backtested it to data that I have to about '95, which would have been considered "late Bull" territory. I know that this is not nearly thorough enough, as it would carry more weight if I could at least run it through a couple of complete cycles. Maybe from about 1940 or so. If only those databases didn't cost $15,000, I would! Katherine - ----- Original Message ----- From: "John Kruger" To: Sent: Monday, December 17, 2001 1:24 PM Subject: Re: [CANSLIM] Point of View: Why bother with fundamentals? > > But my Industry Analysis that I am doing right know (its a hell of a > > work > > to backtest, so it will take some weeks until I have statistical > > significance) > > Andreas, > > Thank you for sharing your efforts. One of the risks that you must > guard against in such studies, is to make sure that the period that you > use for your back-test is similar to the period during which you will > use the results. > > In particular, be wary of doing back-tests of the long bull market, and > then useing those results in the current transtional (my opinion) > market. > > The long bull market had both a strong upward bias and slower group > rotation. > > Just my opinion. > > John > > > __________________________________________________ > Do You Yahoo!? > Check out Yahoo! Shopping and Yahoo! Auctions for all of > your unique holiday gifts! Buy at http://shopping.yahoo.com > or bid at http://auctions.yahoo.com > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - - - -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: Mon, 17 Dec 2001 15:32:12 -0600 From: Gene Ricci Subject: Re: [CANSLIM] Point of View: Why bother with fundamentals? This is a multi-part message in MIME format. - ------=_NextPart_000_06D8_01C1870F.FF98FCC0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Tom, I spoke with WizeTrade a few minutes ago and they told me that = fundamentals were required for position trading (1 - 4 months+). One of = their most successful position traders selects his candidates from = Daily Graphs AFTER they pass the following criteria: i. STOCK PRICE BETWEEN $10 AND $60 ii. AVERAGE VOLUME >=3D 400,000 shares per day iii. TIMELINESS =3D A iv. ACCUMULATION =3D A or B v. SMR RATING =3D 60-99 or (A/B)* vi. GROUP RATING =3D 60-99 or (A/B)* vii. RS >=3D 79 * Note: DGO in some reports will grade items as A,B,C etc. and in = another report will grade the same item numerically. A score of 60-79 = =3D B and 80-99=3DA. A score of 60 or higher means that it is at least a = rating of B. He also uses Stockcharts and MA's to make the final decision as to the = candidates that move on to WT. Haven't seen any data that 'tells' me that using fundamentals for = intermediate or swing trading is bad!!! So ...even if using them is = nothing more than a placebo, they make me feel good, so why not = continue to use them... that's the easiest and most structured part of = the process.... chart reading by my definition being the most difficult. K. what have you learned from this banter? Gene ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Sunday, December 16, 2001 7:24 PM Subject: Re: [CANSLIM] Point of View: Why bother with fundamentals? 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. 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_06D8_01C1870F.FF98FCC0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Tom, I spoke with WizeTrade a few = minutes=20 ago and they told me that fundamentals were required  for position = trading=20 (1 - 4 months+). One of their most successful position traders selects = his=20  candidates from Daily Graphs AFTER they pass the following=20 criteria:
 
 i.           = ;    =20 STOCK=20 PRICE BETWEEN $10 AND $60
ii.           = ;=20 AVERAGE=20 VOLUME >=3D 400,000 shares per day
iii.       =20 TIMELINESS=20 =3D A
iv.           = ;=20 ACCUMULATION=20 =3D A or B
v.           = ;    =20 SMR = RATING =3D 60-99 or (A/B)*
vi.           = ;=20 GROUP=20 RATING =3D 60-99 or (A/B)*
vii.       =20 RS=20 >=3D 79
 
* Note: DGO in some reports will grade items as A,B,C etc. and in = another=20 report will grade the same item numerically. A score of 60-79 =3D B and = 80-99=3DA. A=20 score of 60 or higher means that it is at least a rating of B.
 
He also uses Stockcharts and MA's to = make the=20 final decision as to the candidates that move on to WT.
 
Haven't seen any data that 'tells' me = that using=20 fundamentals for intermediate or swing trading is bad!!! So ...even if = using=20 them is nothing more than a placebo, they make me feel good,  so = why not=20 continue to use them... that's the easiest and most structured part of = the=20 process.... chart reading by my definition being the most=20 difficult.
 
K. what have you learned from this=20 banter?
 
Gene
 
 
 
----- Original Message -----
From:=20 Tom = Worley=20
Sent: Sunday, December 16, 2001 = 7:24=20 PM
Subject: Re: [CANSLIM] Point of = View: Why=20 bother with fundamentals?

Gene,
 
It all depends on whether you have the time and = stamina to=20 day trade, or you are trying to invest. If the former, go with = WizeTrade. If=20 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=20 none used fundies, most didn't even know what the company did for = business.=20 Ignored sector or industry group, earnings (past or future), RS, etc. = Several=20 didn't even really know how to read a chart, simply relied on current=20 momentum. The ones that did it professionally spent upwards of 10 = hours a day=20 in front of their monitor(s). One had 7 different monitors and two TVs = he=20 tried to watch continuously.
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
----- Original Message -----
From:=20 Gene = Ricci
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 'no=20 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 the=20 box' 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=20 that out.... turns out the charts were just time intervals intraday, = day,=20 week, month.... the lines on the chart were green and red. When the = green=20 crossed up 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 = based on "moving=20 averages." Wizetrade™ uses seven key technical = indicators to perform=20 its complex "real-time" calculations at the rate of 800-1500=20 calculations per second. The seven key indicators are the = previous=20 day's closing price, the current day's opening price, high, = low, every=20 up tick, every down tick - which are then exponentially = weighted to=20 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 truth'.=20 Certainly would be nice to quit looking at fundamentals and all 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 until=20 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 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 = 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 View:=20 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_06D8_01C1870F.FF98FCC0-- - - - -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: Mon, 17 Dec 2001 16:35:15 -0600 From: Jerry Weiss Subject: Re: [CANSLIM] Point of View: Why bother with fundamentals? This is a multi-part message in MIME format. - ------=_NextPart_000_0076_01C18718.CE66E820 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi, Folks: For some reason I'm only receiving "some" of the e-mail through the = list-serve. Is there some problem? If so, can I be of help in dealing = with it? Jerry Weiss docdoer@swbell.net ----- 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_0076_01C18718.CE66E820 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi, Folks:
 
For some reason I'm only receiving = "some" of the=20 e-mail through the list-serve.  Is there some problem?  If so, = can I=20 be of help in dealing with it?
 
Jerry Weiss
docdoer@swbell.net
----- Original Message -----
From:=20 Katherine=20 Malm
Sent: Sunday, December 16, 2001 = 10:12=20 AM
Subject: [CANSLIM] Point of = View: Why=20 bother with fundamentals?

Proposed:
 
If a typical CANSLIM/Intermediate = term move in a=20 stock lasts only a few weeks, and in good markets, only a few months, = why=20 bother selecting portfolio candidates using any sort of fundamental = analysis?=20 Returns in this time period are strictly based on price movement and = can be=20 maximized based on technical indicators and price/volume action=20 alone.
 
Thoughts pro/con?
 
Katherine
- ------=_NextPart_000_0076_01C18718.CE66E820-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ End of canslim-digest V2 #1964 ****************************** 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.