From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #2365 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 Friday, April 26 2002 Volume 02 : Number 2365 In this issue: [CANSLIM] The Market Re: [CANSLIM] TOM.....ERES Re: [CANSLIM] The Market Re: [CANSLIM] The Market Re: [CANSLIM] The Market Re: [CANSLIM] The Market RE: [CANSLIM] The Market ---------------------------------------------------------------------- Date: Fri, 26 Apr 2002 20:19:28 EDT From: Chazmoore@aol.com Subject: [CANSLIM] The Market - --part1_1ac.16a4a40.29fb4890_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit I belong to two investment clubs and both follow CANSLIM, which means we have done a lot of talking but not much investing for the last two years. We start our meetings with a brief discussion of the markets, and as you might expect, the message today is not much different from what it was a year ago. However, I would like to get some feedback on something that seems self evident to me. Clearly, the large cap stocks are doing poorly across the board while small/mid caps, and even Tom's favorites, the microcaps, are doing well in some sectors. The fact that the smaller stocks are doing well is now on every commentators tongue, and in every financial writers column. Meanwhile, the very large institutions stay on the sidelines because they really can't play the small fry. For the investor who has a ten or more year investment horizon, this looks like an opportunity to buy some truly great companies at bargain prices. I am talking about creating a core group of stocks as a foundation for a diversified portfolio. It seems to me that once the market has turned up significantly, we can expect a trillion or more dollars to pour into the market. The Institutions will not be buying the stocks we discuss on this board. They will be buying Wal-Mart, Citigroup, Exxon-Mobil, General Electric, and other big hitters. What do you think? I wish I could participate but at my age I don't even buy green bananas. Charley - --part1_1ac.16a4a40.29fb4890_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit I belong to two investment clubs and both follow CANSLIM, which means we have done a lot of talking but not much investing for the last two years. We start our meetings with a brief discussion of the markets, and as you might expect, the message today is not much different from what it was a year ago. However, I would like to get some feedback on something that seems self evident to me.

Clearly, the large cap stocks are doing poorly across the board while small/mid caps, and even Tom's favorites, the microcaps, are doing well in some sectors. The fact that the smaller stocks are doing well is now on every commentators tongue, and in every financial writers column. Meanwhile, the very large institutions stay on the sidelines because they really can't play the small fry.

For the investor who has a ten or more year investment horizon, this looks like an opportunity to buy some truly great companies at bargain prices. I am talking about creating a core group of stocks as a foundation for a diversified portfolio. It seems to me that once the market has turned up significantly, we can expect a trillion or more dollars to pour into the market. The Institutions will not be buying the stocks we discuss on this board. They will be buying Wal-Mart, Citigroup, Exxon-Mobil, General Electric, and other big hitters.

What do you think?

I wish I could participate but at my age I don't even buy green bananas.

Charley - --part1_1ac.16a4a40.29fb4890_boundary-- - - - -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: Fri, 26 Apr 2002 20:44:07 EDT From: AlpineTap34@aol.com Subject: Re: [CANSLIM] TOM.....ERES SRP, I do have a scan that I use through TC2000 that locates those types of patterns. However, it's so generic that it normally pulls a ton of names to flip through each night which takes a significant amount of time. Actually, I can't take credit for finding ERES because I didn't. A chap who has a public chart list at stockcharts.com had it and it caught my eye. Sorry I'm not much help. - - - -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: Fri, 26 Apr 2002 20:28:47 -0400 From: John Hone Subject: Re: [CANSLIM] The Market This is a multi-part message in MIME format. - --Boundary_(ID_TFdylg8zrL1T90xMZd/cJQ) Content-type: text/plain; charset=iso-8859-1 Content-transfer-encoding: 7BIT Some people probably will buy those dogs but probably no-one that applies Canslim principles. The other problem is that M is so negative that cash belongs on the sidelines. ----- Original Message ----- From: Chazmoore@aol.com To: canslim@lists.xmission.com Sent: Friday, April 26, 2002 8:19 PM Subject: [CANSLIM] The Market I belong to two investment clubs and both follow CANSLIM, which means we have done a lot of talking but not much investing for the last two years. We start our meetings with a brief discussion of the markets, and as you might expect, the message today is not much different from what it was a year ago. However, I would like to get some feedback on something that seems self evident to me. Clearly, the large cap stocks are doing poorly across the board while small/mid caps, and even Tom's favorites, the microcaps, are doing well in some sectors. The fact that the smaller stocks are doing well is now on every commentators tongue, and in every financial writers column. Meanwhile, the very large institutions stay on the sidelines because they really can't play the small fry. For the investor who has a ten or more year investment horizon, this looks like an opportunity to buy some truly great companies at bargain prices. I am talking about creating a core group of stocks as a foundation for a diversified portfolio. It seems to me that once the market has turned up significantly, we can expect a trillion or more dollars to pour into the market. The Institutions will not be buying the stocks we discuss on this board. They will be buying Wal-Mart, Citigroup, Exxon-Mobil, General Electric, and other big hitters. What do you think? I wish I could participate but at my age I don't even buy green bananas. Charley - --Boundary_(ID_TFdylg8zrL1T90xMZd/cJQ) Content-type: text/html; charset=iso-8859-1 Content-transfer-encoding: 7BIT
Some people probably will buy those dogs but probably no-one that applies Canslim principles. The other problem is that M is so negative  that cash belongs on the sidelines.
----- Original Message -----
From: Chazmoore@aol.com
To: canslim@lists.xmission.com
Sent: Friday, April 26, 2002 8:19 PM
Subject: [CANSLIM] The Market

I belong to two investment clubs and both follow CANSLIM, which means we have done a lot of talking but not much investing for the last two years. We start our meetings with a brief discussion of the markets, and as you might expect, the message today is not much different from what it was a year ago. However, I would like to get some feedback on something that seems self evident to me.

Clearly, the large cap stocks are doing poorly across the board while small/mid caps, and even Tom's favorites, the microcaps, are doing well in some sectors. The fact that the smaller stocks are doing well is now on every commentators tongue, and in every financial writers column. Meanwhile, the very large institutions stay on the sidelines because they really can't play the small fry.

For the investor who has a ten or more year investment horizon, this looks like an opportunity to buy some truly great companies at bargain prices. I am talking about creating a core group of stocks as a foundation for a diversified portfolio. It seems to me that once the market has turned up significantly, we can expect a trillion or more dollars to pour into the market. The Institutions will not be buying the stocks we discuss on this board. They will be buying Wal-Mart, Citigroup, Exxon-Mobil, General Electric, and other big hitters.

What do you think?

I wish I could participate but at my age I don't even buy green bananas.

Charley
- --Boundary_(ID_TFdylg8zrL1T90xMZd/cJQ)-- - - - -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: Fri, 26 Apr 2002 21:36:49 -0400 From: "Ira Post" Subject: Re: [CANSLIM] The Market This is a multi-part message in MIME format. - ------=_NextPart_000_0014_01C1ED6A.78C3D1E0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Charley, There's something to your argument. There are alot of ways to make = money in the market. Buy and hold is a time tested way that many people = have had alot of success with. You need alot more patience than I have = to do it. Ira - ----- Original Message -----=20 From: Chazmoore@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Friday, April 26, 2002 8:19 PM Subject: [CANSLIM] The Market I belong to two investment clubs and both follow CANSLIM, which means = we have done a lot of talking but not much investing for the last two = years. We start our meetings with a brief discussion of the markets, and = as you might expect, the message today is not much different from what = it was a year ago. However, I would like to get some feedback on = something that seems self evident to me.=20 Clearly, the large cap stocks are doing poorly across the board while = small/mid caps, and even Tom's favorites, the microcaps, are doing well = in some sectors. The fact that the smaller stocks are doing well is now = on every commentators tongue, and in every financial writers column. = Meanwhile, the very large institutions stay on the sidelines because = they really can't play the small fry.=20 For the investor who has a ten or more year investment horizon, this = looks like an opportunity to buy some truly great companies at bargain = prices. I am talking about creating a core group of stocks as a = foundation for a diversified portfolio. It seems to me that once the = market has turned up significantly, we can expect a trillion or more = dollars to pour into the market. The Institutions will not be buying the = stocks we discuss on this board. They will be buying Wal-Mart, = Citigroup, Exxon-Mobil, General Electric, and other big hitters.=20 What do you think?=20 I wish I could participate but at my age I don't even buy green = bananas.=20 Charley=20 - ------=_NextPart_000_0014_01C1ED6A.78C3D1E0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Charley,
 
There's something to your = argument.  There are=20 alot of ways to make money in the market.  Buy and hold is a time = tested=20 way that many people have had alot of success with.  You need alot = more=20 patience than I have to do it.
 
Ira
 
----- Original Message -----
From:=20 Chazmoore@aol.com
Sent: Friday, April 26, 2002 = 8:19=20 PM
Subject: [CANSLIM] The = Market

I belong to = two=20 investment clubs and both follow CANSLIM, which means we have done a = lot of=20 talking but not much investing for the last two years. We start our = meetings=20 with a brief discussion of the markets, and as you might expect, the = message=20 today is not much different from what it was a year ago. However, I = would like=20 to get some feedback on something that seems self evident to me.=20

Clearly, the large cap stocks are doing poorly across the = board while=20 small/mid caps, and even Tom's favorites, the microcaps, are doing = well in=20 some sectors. The fact that the smaller stocks are doing well is now = on every=20 commentators tongue, and in every financial writers column. Meanwhile, = the=20 very large institutions stay on the sidelines because they really = can't play=20 the small fry.

For the investor who has a ten or more year = investment=20 horizon, this looks like an opportunity to buy some truly great = companies at=20 bargain prices. I am talking about creating a core group of stocks as = a=20 foundation for a diversified portfolio. It seems to me that once the = market=20 has turned up significantly, we can expect a trillion or more dollars = to pour=20 into the market. The Institutions will not be buying the stocks we = discuss on=20 this board. They will be buying Wal-Mart, Citigroup, Exxon-Mobil, = General=20 Electric, and other big hitters.

What do you think?

I = wish I=20 could participate but at my age I don't even buy green bananas.=20

Charley - ------=_NextPart_000_0014_01C1ED6A.78C3D1E0-- - - - -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: Fri, 26 Apr 2002 18:54:44 -0700 From: Ian Subject: Re: [CANSLIM] The Market This is a multi-part message in MIME format. - --Boundary_(ID_GT3LiVsQt76dimnT4ezSEA) Content-type: text/plain; charset=iso-8859-1 Content-transfer-encoding: 7BIT "something that seems self evident to me" I live in Canada where the love affair with tech seems to be every bit as strong as in the USA. The problem is, there are only a handful of big tech names here to choose from. Ever since late October 2000, when it took its first big haircut from $70 to $45, is has been 'self evident' to almost everyone around me that it was only a matter of time before NT was bid up high again - since telephones/Internet weren't going away, and all that insitutional money had to go somewhere. It keeps being 'self evident' to everyone ... every successive time it gets cut in half. I've been watching someone average down with each successive haircut - in stunned awe at their ability to rationalize away their massive losses - in spite of the fact that every time they bought it, my advice was sought first, and I recommended shorting it. IMHO, the only thing in the stock market that is 'self evident' is a strong trend that is already in place. Playing the contrarian against those trends has always been an incredibly high risk endeavour. Ian ----- Original Message ----- From: Chazmoore@aol.com To: canslim@lists.xmission.com Sent: Friday, April 26, 2002 5:19 PM Subject: [CANSLIM] The Market I belong to two investment clubs and both follow CANSLIM, which means we have done a lot of talking but not much investing for the last two years. We start our meetings with a brief discussion of the markets, and as you might expect, the message today is not much different from what it was a year ago. However, I would like to get some feedback on something that seems self evident to me. Clearly, the large cap stocks are doing poorly across the board while small/mid caps, and even Tom's favorites, the microcaps, are doing well in some sectors. The fact that the smaller stocks are doing well is now on every commentators tongue, and in every financial writers column. Meanwhile, the very large institutions stay on the sidelines because they really can't play the small fry. For the investor who has a ten or more year investment horizon, this looks like an opportunity to buy some truly great companies at bargain prices. I am talking about creating a core group of stocks as a foundation for a diversified portfolio. It seems to me that once the market has turned up significantly, we can expect a trillion or more dollars to pour into the market. The Institutions will not be buying the stocks we discuss on this board. They will be buying Wal-Mart, Citigroup, Exxon-Mobil, General Electric, and other big hitters. What do you think? I wish I could participate but at my age I don't even buy green bananas. Charley - --Boundary_(ID_GT3LiVsQt76dimnT4ezSEA) Content-type: text/html; charset=iso-8859-1 Content-transfer-encoding: 7BIT
"something that seems self evident to me"
 
I live in Canada where the love affair with tech seems to be every bit as strong as in the USA. The problem is, there are only a handful of big tech names here to choose from. Ever since late October 2000, when it took its first big haircut from $70 to $45, is has been 'self evident' to almost everyone around me that it was only a matter of time before NT was bid up high again - since telephones/Internet weren't going away, and all that insitutional money had to go somewhere. It keeps being 'self evident' to everyone ... every successive time it gets cut in half.
 
I've been watching someone average down with each successive haircut - in stunned awe at their ability to rationalize away their massive losses - in spite of the fact that every time they bought it, my advice was sought first, and I recommended shorting it.
 
IMHO, the only thing in the stock market that is 'self evident' is a strong trend that is already in place. Playing the contrarian against those trends has always been an incredibly high risk endeavour.
 
Ian
 
 
 
 
----- Original Message -----
Sent: Friday, April 26, 2002 5:19 PM
Subject: [CANSLIM] The Market

I belong to two investment clubs and both follow CANSLIM, which means we have done a lot of talking but not much investing for the last two years. We start our meetings with a brief discussion of the markets, and as you might expect, the message today is not much different from what it was a year ago. However, I would like to get some feedback on something that seems self evident to me.

Clearly, the large cap stocks are doing poorly across the board while small/mid caps, and even Tom's favorites, the microcaps, are doing well in some sectors. The fact that the smaller stocks are doing well is now on every commentators tongue, and in every financial writers column. Meanwhile, the very large institutions stay on the sidelines because they really can't play the small fry.

For the investor who has a ten or more year investment horizon, this looks like an opportunity to buy some truly great companies at bargain prices. I am talking about creating a core group of stocks as a foundation for a diversified portfolio. It seems to me that once the market has turned up significantly, we can expect a trillion or more dollars to pour into the market. The Institutions will not be buying the stocks we discuss on this board. They will be buying Wal-Mart, Citigroup, Exxon-Mobil, General Electric, and other big hitters.

What do you think?

I wish I could participate but at my age I don't even buy green bananas.

Charley
- --Boundary_(ID_GT3LiVsQt76dimnT4ezSEA)-- - - - -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: Fri, 26 Apr 2002 19:09:25 -0700 From: Neal Frankle Subject: Re: [CANSLIM] The Market This is a multi-part message in MIME format. - ------=_NextPart_000_0050_01C1ED55.E14541A0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Well said Ian ----- Original Message -----=20 From: Ian=20 To: canslim@lists.xmission.com=20 Sent: Friday, April 26, 2002 6:54 PM Subject: Re: [CANSLIM] The Market "something that seems self evident to me" I live in Canada where the love affair with tech seems to be every bit = as strong as in the USA. The problem is, there are only a handful of big = tech names here to choose from. Ever since late October 2000, when it = took its first big haircut from $70 to $45, is has been 'self evident' = to almost everyone around me that it was only a matter of time before NT = was bid up high again - since telephones/Internet weren't going away, = and all that insitutional money had to go somewhere. It keeps being = 'self evident' to everyone ... every successive time it gets cut in = half. I've been watching someone average down with each successive haircut - = in stunned awe at their ability to rationalize away their massive losses = - - in spite of the fact that every time they bought it, my advice was = sought first, and I recommended shorting it. IMHO, the only thing in the stock market that is 'self evident' is a = strong trend that is already in place. Playing the contrarian against = those trends has always been an incredibly high risk endeavour. Ian ----- Original Message -----=20 From: Chazmoore@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Friday, April 26, 2002 5:19 PM Subject: [CANSLIM] The Market I belong to two investment clubs and both follow CANSLIM, which = means we have done a lot of talking but not much investing for the last = two years. We start our meetings with a brief discussion of the markets, = and as you might expect, the message today is not much different from = what it was a year ago. However, I would like to get some feedback on = something that seems self evident to me.=20 Clearly, the large cap stocks are doing poorly across the board = while small/mid caps, and even Tom's favorites, the microcaps, are doing = well in some sectors. The fact that the smaller stocks are doing well is = now on every commentators tongue, and in every financial writers column. = Meanwhile, the very large institutions stay on the sidelines because = they really can't play the small fry.=20 For the investor who has a ten or more year investment horizon, this = looks like an opportunity to buy some truly great companies at bargain = prices. I am talking about creating a core group of stocks as a = foundation for a diversified portfolio. It seems to me that once the = market has turned up significantly, we can expect a trillion or more = dollars to pour into the market. The Institutions will not be buying the = stocks we discuss on this board. They will be buying Wal-Mart, = Citigroup, Exxon-Mobil, General Electric, and other big hitters.=20 What do you think?=20 I wish I could participate but at my age I don't even buy green = bananas.=20 Charley=20 - ------=_NextPart_000_0050_01C1ED55.E14541A0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Well said Ian
----- Original Message -----
From:=20 Ian =
Sent: Friday, April 26, 2002 = 6:54=20 PM
Subject: Re: [CANSLIM] The = Market

"something that seems self evident to = me"
 
I live in Canada where the love affair with tech = seems to be=20 every bit as strong as in the USA. The problem is, there are only a = handful of=20 big tech names here to choose from. Ever since late October 2000, when = it took=20 its first big haircut from $70 to $45, is has been 'self evident' to = almost=20 everyone around me that it was only a matter of time before NT was bid = up high=20 again - since telephones/Internet weren't going away, and all that=20 insitutional money had to go somewhere. It keeps being 'self evident' = to=20 everyone ... every successive time it gets cut in half.
 
I've been watching someone average down with = each=20 successive haircut - in stunned awe at their ability to rationalize = away their=20 massive losses - in spite of the fact that every time they bought it, = my=20 advice was sought first, and I recommended shorting = it.
 
IMHO, the only thing in the stock market that is = 'self=20 evident' is a strong trend that is already in place. Playing the = contrarian=20 against those trends has always been an incredibly high risk=20 endeavour.
 
Ian
 
 
 
 
----- Original Message -----
From:=20 Chazmoore@aol.com
Sent: Friday, April 26, 2002 = 5:19=20 PM
Subject: [CANSLIM] The = Market

I belong = to two=20 investment clubs and both follow CANSLIM, which means we have done a = lot of=20 talking but not much investing for the last two years. We start our = meetings=20 with a brief discussion of the markets, and as you might expect, the = message=20 today is not much different from what it was a year ago. However, I = would=20 like to get some feedback on something that seems self evident to = me.=20

Clearly, the large cap stocks are doing poorly across the = board=20 while small/mid caps, and even Tom's favorites, the microcaps, are = doing=20 well in some sectors. The fact that the smaller stocks are doing = well is now=20 on every commentators tongue, and in every financial writers column. = Meanwhile, the very large institutions stay on the sidelines because = they=20 really can't play the small fry.

For the investor who has a = ten or=20 more year investment horizon, this looks like an opportunity to buy = some=20 truly great companies at bargain prices. I am talking about creating = a core=20 group of stocks as a foundation for a diversified portfolio. It = seems to me=20 that once the market has turned up significantly, we can expect a = trillion=20 or more dollars to pour into the market. The Institutions will not = be buying=20 the stocks we discuss on this board. They will be buying Wal-Mart,=20 Citigroup, Exxon-Mobil, General Electric, and other big hitters.=20

What do you think?

I wish I could participate but at = my age=20 I don't even buy green bananas.

Charley=20
- ------=_NextPart_000_0050_01C1ED55.E14541A0-- - - - -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: Fri, 26 Apr 2002 22:09:12 -0500 From: "Fred Richards" Subject: RE: [CANSLIM] The Market This is a multi-part message in MIME format. - ------=_NextPart_000_0014_01C1ED6E.FF4CE720 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit There are three old sayings that come to mind. Hope springs eternal in the breast of man. A fool and his money are soon parted. There are none so blind as those that will not see. FFR -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Neal Frankle Sent: Friday, April 26, 2002 9:09 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] The Market Well said Ian ----- Original Message ----- From: Ian To: canslim@lists.xmission.com Sent: Friday, April 26, 2002 6:54 PM Subject: Re: [CANSLIM] The Market "something that seems self evident to me" I live in Canada where the love affair with tech seems to be every bit as strong as in the USA. The problem is, there are only a handful of big tech names here to choose from. Ever since late October 2000, when it took its first big haircut from $70 to $45, is has been 'self evident' to almost everyone around me that it was only a matter of time before NT was bid up high again - since telephones/Internet weren't going away, and all that insitutional money had to go somewhere. It keeps being 'self evident' to everyone ... every successive time it gets cut in half. I've been watching someone average down with each successive haircut - in stunned awe at their ability to rationalize away their massive losses - in spite of the fact that every time they bought it, my advice was sought first, and I recommended shorting it. IMHO, the only thing in the stock market that is 'self evident' is a strong trend that is already in place. Playing the contrarian against those trends has always been an incredibly high risk endeavour. Ian ----- Original Message ----- From: Chazmoore@aol.com To: canslim@lists.xmission.com Sent: Friday, April 26, 2002 5:19 PM Subject: [CANSLIM] The Market I belong to two investment clubs and both follow CANSLIM, which means we have done a lot of talking but not much investing for the last two years. We start our meetings with a brief discussion of the markets, and as you might expect, the message today is not much different from what it was a year ago. However, I would like to get some feedback on something that seems self evident to me. Clearly, the large cap stocks are doing poorly across the board while small/mid caps, and even Tom's favorites, the microcaps, are doing well in some sectors. The fact that the smaller stocks are doing well is now on every commentators tongue, and in every financial writers column. Meanwhile, the very large institutions stay on the sidelines because they really can't play the small fry. For the investor who has a ten or more year investment horizon, this looks like an opportunity to buy some truly great companies at bargain prices. I am talking about creating a core group of stocks as a foundation for a diversified portfolio. It seems to me that once the market has turned up significantly, we can expect a trillion or more dollars to pour into the market. The Institutions will not be buying the stocks we discuss on this board. They will be buying Wal-Mart, Citigroup, Exxon-Mobil, General Electric, and other big hitters. What do you think? I wish I could participate but at my age I don't even buy green bananas. Charley - ------=_NextPart_000_0014_01C1ED6E.FF4CE720 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
There=20 are three old sayings that come to mind.
 
Hope=20 springs eternal in the breast of man.
 
A fool=20 and his money are soon parted.
 
There=20 are none so blind as those that will not see.
 
FFR
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of Neal=20 Frankle
Sent: Friday, April 26, 2002 9:09 PM
To:=20 canslim@lists.xmission.com
Subject: Re: [CANSLIM] The=20 Market

Well said Ian
----- Original Message -----
From:=20 Ian =
Sent: Friday, April 26, 2002 = 6:54=20 PM
Subject: Re: [CANSLIM] The = Market

"something that seems self evident to = me"
 
I live in Canada where the love affair with tech = seems to=20 be every bit as strong as in the USA. The problem is, there are only = a=20 handful of big tech names here to choose from. Ever since late = October 2000,=20 when it took its first big haircut from $70 to $45, is has been = 'self=20 evident' to almost everyone around me that it was only a matter of = time=20 before NT was bid up high again - since telephones/Internet weren't = going=20 away, and all that insitutional money had to go somewhere. It keeps = being=20 'self evident' to everyone ... every successive time it gets cut in=20 half.
 
I've been watching someone average down = with each=20 successive haircut - in stunned awe at their ability to rationalize = away=20 their massive losses - in spite of the fact that every time they = bought it,=20 my advice was sought first, and I recommended shorting = it.
 
IMHO, the only thing in the stock market that is = 'self=20 evident' is a strong trend that is already in place. Playing the = contrarian=20 against those trends has always been an incredibly high risk=20 endeavour.
 
Ian
 
 
 
 
----- Original Message ----- =
From:=20 Chazmoore@aol.com
To: canslim@lists.xmission.com= =20
Sent: Friday, April 26, = 2002 5:19=20 PM
Subject: [CANSLIM] The = Market

I = belong to two=20 investment clubs and both follow CANSLIM, which means we have done = a lot=20 of talking but not much investing for the last two years. We start = our=20 meetings with a brief discussion of the markets, and as you might = expect,=20 the message today is not much different from what it was a year = ago.=20 However, I would like to get some feedback on something that seems = self=20 evident to me.

Clearly, the large cap stocks are doing = poorly=20 across the board while small/mid caps, and even Tom's favorites, = the=20 microcaps, are doing well in some sectors. The fact that the = smaller=20 stocks are doing well is now on every commentators tongue, and in = every=20 financial writers column. Meanwhile, the very large institutions = stay on=20 the sidelines because they really can't play the small fry. =

For=20 the investor who has a ten or more year investment horizon, this = looks=20 like an opportunity to buy some truly great companies at bargain = prices. I=20 am talking about creating a core group of stocks as a foundation = for a=20 diversified portfolio. It seems to me that once the market has = turned up=20 significantly, we can expect a trillion or more dollars to pour = into the=20 market. The Institutions will not be buying the stocks we discuss = on this=20 board. They will be buying Wal-Mart, Citigroup, Exxon-Mobil, = General=20 Electric, and other big hitters.

What do you think? =

I wish=20 I could participate but at my age I don't even buy green bananas.=20

Charley=20
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