From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #2531 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 Thursday, June 27 2002 Volume 02 : Number 2531 In this issue: [CANSLIM] Date: Wed, 26 Jun 2002 22:28:27 -0700 [CANSLIM] nice article RE: [CANSLIM] O'Neal interfiew part II Re: [CANSLIM] O'Neal interfiew part II [CANSLIM] Where do I put my cash? Re: [CANSLIM] Where do I put my cash? RE: [CANSLIM] Where do I put my cash? Re: [CANSLIM] Where do I put my cash? Re: [CANSLIM] Where do I put my cash? [CANSLIM] HTMMIS Re: [CANSLIM] Where do I put my cash? Re: [CANSLIM] Re: Retstatement of CANSLIM? Re: [CANSLIM] Where do I put my cash? Re: [CANSLIM] Re: Retstatement of CANSLIM? ---------------------------------------------------------------------- Date: Wed, 26 Jun 2002 23:26:28 -0600 From: "zillagirl" Subject: [CANSLIM] Date: Wed, 26 Jun 2002 22:28:27 -0700 This is a multi-part message in MIME format. - ------=_NextPart_000_0018_01C21D60.CAB942C0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable quest-tyco - ------=_NextPart_000_0018_01C21D60.CAB942C0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
quest-tyco
- ------=_NextPart_000_0018_01C21D60.CAB942C0-- - - - -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: Thu, 27 Jun 2002 07:29:51 -0400 From: "Tom Worley" Subject: [CANSLIM] nice article worth reading, if you care about how politics, and politicians, continue to interfere with cleaning up Wall Street and all the crooked accounting and practices. http://www.marketwatch.com/news/yhoo/story.asp?source=blq/yhoo&siteid=yhoo&d ist=yhoo&guid=%7B21ECED80%2DBB29%2D4752%2D99F2%2D5340393A4A24%7D Tom Worley stkguru@bellsouth.net AIM: TexWorley - - - -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: Thu, 27 Jun 2002 07:39:26 -0400 From: "Cefaloni, John L Jr. [AMSTA-AR-WEA]" Subject: RE: [CANSLIM] O'Neal interfiew part II Good interview. Thanks, Ed. - -----Original Message----- From: Ed Hedin [mailto:edhedin@lvcm.com] Sent: Wednesday, June 26, 2002 11:43 PM To: canslim@lists.xmission.com Subject: [CANSLIM] O'Neal interfiew part II For anyone interested in part two of the motley fool interview of WON go to this site. Ed Hedin http://www.fool.com/Specials/2002/02062000sp.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. - - - -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: Thu, 27 Jun 2002 07:47:39 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] O'Neal interfiew part II I haven't gotten into the 3rd edition of HTMMIS yet, but notice in the interview, part 2, that WON talks of buying stocks at least $10 in price or higher. Anyone else seen an indication that the prior $12 guidance had been lowered? - ----- Original Message ----- From: "Ed Hedin" To: Sent: Wednesday, June 26, 2002 11:42 PM Subject: [CANSLIM] O'Neal interfiew part II For anyone interested in part two of the motley fool interview of WON go to this site. Ed Hedin http://www.fool.com/Specials/2002/02062000sp.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. - - - -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: Thu, 27 Jun 2002 05:53:46 -0600 From: "Patrick Keeley" Subject: [CANSLIM] Where do I put my cash? This is a multi-part message in MIME format. - ------=_NextPart_000_00C5_01C21D9F.00B14BA0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable About a year and a half ago the company I work for allowed us to = transfer our pension savings to a brokerage (Schwab) account? I want to = get into individual stock investing and decided to be a CANSLIMer. = However the M has kept me out of the market the entire time. My question now is where is a good place to accumulate interest? The = money market fund where my cash is now is almost worthless. I certainly enjoy the wealth of expertise on this board and can't wait = until the stock market turns around so I can invest. Thanks in advance for your help. Pat - ------=_NextPart_000_00C5_01C21D9F.00B14BA0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
About a = year and a=20 half ago the company I work for allowed us to transfer our pension = savings=20 to a brokerage (Schwab) account? I want to get into individual = stock=20 investing and decided to be a CANSLIMer. However the M has kept me out = of the=20 market the entire time.
 
My question = now is where=20 is a good place to accumulate interest? The money market fund where my = cash is=20 now is almost worthless.
 
I certainly = enjoy the=20 wealth of expertise on this board and can't wait until the stock market = turns=20 around so I can invest.
 
Thanks in = advance for=20 your help.
 
Pat
- ------=_NextPart_000_00C5_01C21D9F.00B14BA0-- - - - -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: Thu, 27 Jun 2002 07:00:25 -0500 (CDT) From: "Robert Gammon" Subject: Re: [CANSLIM] Where do I put my cash? With higher yields, you also get risk of loss of principle. You will want this cash at a moment's notice when M turns around. You don't know whether that will be 30 days or 30 months or 30 quarters. Virtually everything that pays more than money markets also carries with it market price fluctuation. If you need the cash in a hurry, market price may well be LOWER than your purchase price (particularly so if interest rates start to tick back up again). So, how much risk of loss of capital are you will to tolerate? How long are you willing to tie up your capital? Robert Gammon On Thu, 27 Jun 2002 05:53:46 -0600, Patrick Keeley wrote: >About a year and a half ago the company I work for allowed us to transfer our pension savings to a brokerage (Schwab) account? I want to get into individual stock investing and decided to be a CANSLIMer. However the M has kept me out of the market the entire time. > >My question now is where is a good place to accumulate interest? The money market fund where my cash is now is almost worthless. > >I certainly enjoy the wealth of expertise on this board and can't wait until the stock market turns around so I can invest. > >Thanks in advance for your help. > >Pat > - - - -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: Thu, 27 Jun 2002 07:28:38 -0500 From: "Fred Richards" Subject: RE: [CANSLIM] Where do I put my cash? This is a multi-part message in MIME format. - ------=_NextPart_000_000A_01C21DAC.41570E80 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit Actually, if it has preserved your capital in the past year and a half, I would think that it was worth something! Many investors have lost 40-60% of their capital during that period. So the little interest you received might be considered to be very large in relation to your capital. -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Patrick Keeley Sent: Thursday, June 27, 2002 6:54 AM To: canslim@lists.xmission.com Subject: [CANSLIM] Where do I put my cash? About a year and a half ago the company I work for allowed us to transfer our pension savings to a brokerage (Schwab) account? I want to get into individual stock investing and decided to be a CANSLIMer. However the M has kept me out of the market the entire time. My question now is where is a good place to accumulate interest? The money market fund where my cash is now is almost worthless. I certainly enjoy the wealth of expertise on this board and can't wait until the stock market turns around so I can invest. Thanks in advance for your help. Pat - ------=_NextPart_000_000A_01C21DAC.41570E80 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Actually, if it has preserved your capital in the past year and = a half, I=20 would think that it was worth something!
 
Many=20 investors have lost 40-60% of their capital during that period.  So = the=20 little interest you received might be considered to be very large in = relation to=20 your capital.
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of Patrick=20 Keeley
Sent: Thursday, June 27, 2002 6:54 AM
To:=20 canslim@lists.xmission.com
Subject: [CANSLIM] Where do I put = my=20 cash?

About a = year and a=20 half ago the company I work for allowed us to transfer our = pension=20 savings to a brokerage (Schwab) account? I want to get into = individual=20 stock investing and decided to be a CANSLIMer. However the M has kept = me out=20 of the market the entire time.
 
My = question now is=20 where is a good place to accumulate interest? The money market fund = where my=20 cash is now is almost worthless.
 
I = certainly enjoy the=20 wealth of expertise on this board and can't wait until the stock = market turns=20 around so I can invest.
 
Thanks in = advance for=20 your help.
 
Pat
- ------=_NextPart_000_000A_01C21DAC.41570E80-- - - - -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: Thu, 27 Jun 2002 08:32:33 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Where do I put my cash? absolutely correct. There is a fairly direct correlation between risk and reward. Some vehicles, such as bond funds, utility funds, and REITs, pay a considerably higher return than money markets, but all carry market risk. If you look at the Dow Jones Utility Index, for example, you will see that it is now well under its Sept lows, even tho it is often seen as a defensive haven for mutual funds that must invest somewhere, even in bad times. If price depreciation is measurable, it can completely offset the higher income return, and give you a net loss. - ----- Original Message ----- From: "Robert Gammon" To: Sent: Thursday, June 27, 2002 8:00 AM Subject: Re: [CANSLIM] Where do I put my cash? With higher yields, you also get risk of loss of principle. You will want this cash at a moment's notice when M turns around. You don't know whether that will be 30 days or 30 months or 30 quarters. Virtually everything that pays more than money markets also carries with it market price fluctuation. If you need the cash in a hurry, market price may well be LOWER than your purchase price (particularly so if interest rates start to tick back up again). So, how much risk of loss of capital are you will to tolerate? How long are you willing to tie up your capital? Robert Gammon On Thu, 27 Jun 2002 05:53:46 -0600, Patrick Keeley wrote: >About a year and a half ago the company I work for allowed us to transfer our pension savings to a brokerage (Schwab) account? I want to get into individual stock investing and decided to be a CANSLIMer. However the M has kept me out of the market the entire time. > >My question now is where is a good place to accumulate interest? The money market fund where my cash is now is almost worthless. > >I certainly enjoy the wealth of expertise on this board and can't wait until the stock market turns around so I can invest. > >Thanks in advance for your help. > >Pat > - - - -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: Thu, 27 Jun 2002 08:38:44 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Where do I put my cash? should have finished my thought before hitting send. REITs have generally been doing nicely for some time, and with the continued strong housing market, and low interest rates continuing at least until late this year, should continue to pay high returns with reduced market risk. But I would only commit a small portion of cash to this, and be prepared to get out as soon as perceptions shift towards expectations of an upcoming Fed rate hike. REITs can seriously underperform when rates start rising. - ----- Original Message ----- From: "Tom Worley" To: Sent: Thursday, June 27, 2002 8:32 AM Subject: Re: [CANSLIM] Where do I put my cash? absolutely correct. There is a fairly direct correlation between risk and reward. Some vehicles, such as bond funds, utility funds, and REITs, pay a considerably higher return than money markets, but all carry market risk. If you look at the Dow Jones Utility Index, for example, you will see that it is now well under its Sept lows, even tho it is often seen as a defensive haven for mutual funds that must invest somewhere, even in bad times. If price depreciation is measurable, it can completely offset the higher income return, and give you a net loss. - ----- Original Message ----- From: "Robert Gammon" To: Sent: Thursday, June 27, 2002 8:00 AM Subject: Re: [CANSLIM] Where do I put my cash? With higher yields, you also get risk of loss of principle. You will want this cash at a moment's notice when M turns around. You don't know whether that will be 30 days or 30 months or 30 quarters. Virtually everything that pays more than money markets also carries with it market price fluctuation. If you need the cash in a hurry, market price may well be LOWER than your purchase price (particularly so if interest rates start to tick back up again). So, how much risk of loss of capital are you will to tolerate? How long are you willing to tie up your capital? Robert Gammon On Thu, 27 Jun 2002 05:53:46 -0600, Patrick Keeley wrote: >About a year and a half ago the company I work for allowed us to transfer our pension savings to a brokerage (Schwab) account? I want to get into individual stock investing and decided to be a CANSLIMer. However the M has kept me out of the market the entire time. > >My question now is where is a good place to accumulate interest? The money market fund where my cash is now is almost worthless. > >I certainly enjoy the wealth of expertise on this board and can't wait until the stock market turns around so I can invest. > >Thanks in advance for your help. > >Pat > - - - -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. - - - -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: Thu, 27 Jun 2002 09:03:34 -0400 From: "Ann" Subject: [CANSLIM] HTMMIS I got an ad from amazon in my mailbox this morning for HTMMIS: http://www.amazon.com/exec/obidos/ASIN/0071373616/ref%3Dmk%5Fpb%5Fmcf/104-84 45445-4202347#product-details Ann - - - -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: Thu, 27 Jun 2002 08:11:28 -0500 From: William J Butler Jr Subject: Re: [CANSLIM] Where do I put my cash? In a money market account. - - - -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: Thu, 27 Jun 2002 09:17:59 -0400 From: "Winston Little" Subject: Re: [CANSLIM] Re: Retstatement of CANSLIM? When Ross Perot was a director of GM, he refused to participate in the "excess and other skuldugery" of the GM HQ12th floor. He even REFUSED the free cars and eating in the executive dining room. He wrote a series "How I would Reform GM" and the incumbents were so dismayed that they asked him to leave the company. Their view was that he wanted to deprive them of their birthright! My point is that even with the infrequent meetings and shows, if one is alert, one can usually smell the stink in the place. In a later note Tom mentions Jimmy Carter(JEC). Itoo view him (JEC) as an honorable man, but he is too trusting of people. I wonder if he would detect the smell in many of the crooked houses around. - ----- Original Message ----- From: "Tom Worley" To: Sent: Wednesday, June 26, 2002 10:15 PM Subject: Re: [CANSLIM] Re: Retstatement of CANSLIM? > I have very little doubt in my mind that large block shareholders such as > pension funds are more interested in inside information than in wielding > their power and influence to ensure "better corporate governance, reasonable > CEO pay, etc.and an end to the interlocking directorships of cronies." And > it makes sense, since their first loyalty is not to the investing public / > community, but rather the investors in the pension fund. > > I would like to see the SEC mandate that the Board of Directors consist of > 51% independent directors in all cases. And for corps over certain market > value, say $1 billion, require that independent Directors be over 67% and of > those Directors include at least a minority of successful, but retired, > businessmen or businesswomen (I nominate Katherine) that will be willing to > speak out publicly if necessary when they are concerned about what they see. > > But recognizing that Directors meet, at the most, one day a month, it is > unlikely they will ever know what is really going on outside the dog and > pony show undoubtedly put on for them. > > ----- Original Message ----- > From: "Warren Keuffel" > To: > Sent: Wednesday, June 26, 2002 5:50 PM > Subject: Re: [CANSLIM] Re: Retstatement of CANSLIM? > > > I am of the opinion -- and I would dearly loved to be proved wrong -- > that how we, as individual investors vote doesn't amount to much more > than a spit in the ocean. The real power comes from the institutions, > such as the Calif. pension funds, etc. that are just now starting to > exercise that power. Some of these institutions are pushing for better > corporate governance, reasonable CEO pay, etc.and an end to the > interlocking directorships of cronies. > also, have you ever noticed how many non-business people get on boards? > People who run non-profits, arts organizations, etc. Hello? What > expertise do people like Jesse Jackson (extreme example) have to offer > to a corporation? > > Warren > > Winston Little wrote: > > >Fanus: > > > >The points you make are very true. > > > >I also believe that a big part of t he blame for WCOM, ENE, GX, KM and > other > >similar are the fault of shareholders. > > > >Not many people vote to appoint Board of Directors (BOD) or attend and > >PARTICIPATE in annual meetings. > > > >There are just a few hundred CEO (conceited, exclusive, overpaid ) whose > >names recurrently appear on the BOD as you go from company to company. > These > >members slap each other on the back, are more interested in each others > golf > >handicap than corporate matters, and vote for excessive pay and greed, so > >that they too will receive excessive rewards. > > > >Look at what happened to Walter Hewlett when he challenged those clowns. > Did > >the share holders come to his defense? No, they went with the slimeballs. > > > >When shareholders vote for independent and outside BOD, they have a right > to > >expect vigilance and honesty. When we do not and allow the BOD to be > >populated by hacks in a circle, we can only expect to be jerked. > > > > > >----- Original Message ----- > >From: "Fanus" > >To: > >Sent: Wednesday, June 26, 2002 4:54 PM > >Subject: Re: [CANSLIM] Re: Retstatement of CANSLIM? > > > > > >>So, you are saying throw away the fundamentals and > >>trade only on the technicals? > >> > >>There are probably close to 10000 public traded > >>companies and just because a handful of companies > >>committed fraud and use creative accounting, does that > >>mean the other 99% are also just as bad? This is > >>like saying because a small fraction of the population > >>is in prison, this mean all people are criminals. > >> > >>- Fanus > >> > >>--- Spencer48@aol.com wrote: > >> > >>>Group: > >>> > >>> I'm surprised noone has mentioned this yet: > >>>But CANSLIM (in particular > >>>the 1st 2 letters) is based on fundamentally > >>>analyzing and accepting that > >>>quarterly and annual earnings will be approximately > >>>25%. > >>> > >>> However, with the accounting scandals going on, > >>>and big companies like > >>>Enron, WorldCom etc., being involved, will CANSLIM > >>>erode in NSLIM? > >>> > >>>jans > >>> > >>>- > >>>-To subscribe/unsubscribe, email > >>>"majordomo@xmission.com" > >>>-In the email body, write "subscribe canslim" or > >>>-"unsubscribe canslim". Do not use quotes in your > >>> > >>email. > >> > >> > >>__________________________________________________ > >>Do You Yahoo!? > >>Yahoo! - Official partner of 2002 FIFA World Cup > >>http://fifaworldcup.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. > > > > > > > > > > - > -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. > - - - -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: Thu, 27 Jun 2002 08:18:18 -0500 From: "Katherine Malm" Subject: Re: [CANSLIM] Where do I put my cash? This is a multi-part message in MIME format. - ------=_NextPart_000_0044_01C21DB3.318BEB40 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Pat, Give Schwab a call and ask them this question, they're good about giving = you options. Also consider their high yield money market fund (still not = a great return, but better than 0%): SWVXX. I believe the minimum to = open is $25K, lower if the money is in an IRA account. Katherine ----- Original Message -----=20 From: Patrick Keeley=20 To: canslim@lists.xmission.com=20 Sent: Thursday, June 27, 2002 6:53 AM Subject: [CANSLIM] Where do I put my cash? About a year and a half ago the company I work for allowed us to = transfer our pension savings to a brokerage (Schwab) account? I want to = get into individual stock investing and decided to be a CANSLIMer. = However the M has kept me out of the market the entire time. My question now is where is a good place to accumulate interest? The = money market fund where my cash is now is almost worthless. I certainly enjoy the wealth of expertise on this board and can't wait = until the stock market turns around so I can invest. Thanks in advance for your help. Pat - ------=_NextPart_000_0044_01C21DB3.318BEB40 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi Pat,
 
Give Schwab a call and ask them this question, they're good about = giving=20 you options. Also consider their high yield money market fund (still not = a great=20 return, but better than 0%): SWVXX. I believe the minimum to open is = $25K, lower=20 if the money is in an IRA account.
 
Katherine
----- Original Message -----
From:=20 Patrick Keeley
Sent: Thursday, June 27, 2002 = 6:53=20 AM
Subject: [CANSLIM] Where do I = put my=20 cash?

About a = year and a=20 half ago the company I work for allowed us to transfer our = pension=20 savings to a brokerage (Schwab) account? I want to get into = individual=20 stock investing and decided to be a CANSLIMer. However the M has kept = me out=20 of the market the entire time.
 
My = question now is=20 where is a good place to accumulate interest? The money market fund = where my=20 cash is now is almost worthless.
 
I = certainly enjoy the=20 wealth of expertise on this board and can't wait until the stock = market turns=20 around so I can invest.
 
Thanks in = advance for=20 your help.
 
Pat
- ------=_NextPart_000_0044_01C21DB3.318BEB40-- - - - -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: Thu, 27 Jun 2002 08:26:05 -0500 From: "Katherine Malm" Subject: Re: [CANSLIM] Re: Retstatement of CANSLIM? This is a multi-part message in MIME format. - ------=_NextPart_000_004C_01C21DB4.47C978E0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Just have to chime in here...while I have only the greatest respect for = someone like Jimmy Carter, this is *not* what Boards need. They need = hard-hitting board members who know business, and who are not afraid to = tell the CEO and executives that they are full of $&*^ when they pull = outrageous acts or are sleeping on the job. Instead, many boards are = filled with window dressing. I know quite a few folks who sit on boards = and don't do SQUAT, yet they do so to "build their network." What a = crock. Katherine ----- Original Message -----=20 From: Winston Little=20 To: canslim@lists.xmission.com=20 Sent: Thursday, June 27, 2002 8:17 AM Subject: Re: [CANSLIM] Re: Retstatement of CANSLIM? When Ross Perot was a director of GM, he refused to participate in the "excess and other skuldugery" of the GM HQ12th floor. He even REFUSED the free cars and eating in the executive dining room. = He wrote a series "How I would Reform GM" and the incumbents were so = dismayed that they asked him to leave the company. Their view was that he = wanted to deprive them of their birthright! My point is that even with the infrequent meetings and shows, if one = is alert, one can usually smell the stink in the place. In a later note Tom mentions Jimmy Carter(JEC). Itoo view him (JEC) as = an honorable man, but he is too trusting of people. I wonder if he would = detect the smell in many of the crooked houses around. ----- Original Message ----- From: "Tom Worley" To: Sent: Wednesday, June 26, 2002 10:15 PM Subject: Re: [CANSLIM] Re: Retstatement of CANSLIM? > I have very little doubt in my mind that large block shareholders = such as > pension funds are more interested in inside information than in = wielding > their power and influence to ensure "better corporate governance, reasonable > CEO pay, etc.and an end to the interlocking directorships of = cronies." And > it makes sense, since their first loyalty is not to the investing = public / > community, but rather the investors in the pension fund. > > I would like to see the SEC mandate that the Board of Directors = consist of > 51% independent directors in all cases. And for corps over certain = market > value, say $1 billion, require that independent Directors be over = 67% and of > those Directors include at least a minority of successful, but = retired, > businessmen or businesswomen (I nominate Katherine) that will be = willing to > speak out publicly if necessary when they are concerned about what = they see. > > But recognizing that Directors meet, at the most, one day a month, = it is > unlikely they will ever know what is really going on outside the dog = and > pony show undoubtedly put on for them. > > ----- Original Message ----- > From: "Warren Keuffel" > To: > Sent: Wednesday, June 26, 2002 5:50 PM > Subject: Re: [CANSLIM] Re: Retstatement of CANSLIM? > > > I am of the opinion -- and I would dearly loved to be proved wrong = - -- > that how we, as individual investors vote doesn't amount to much = more > than a spit in the ocean. The real power comes from the = institutions, > such as the Calif. pension funds, etc. that are just now starting to > exercise that power. Some of these institutions are pushing for = better > corporate governance, reasonable CEO pay, etc.and an end to the > interlocking directorships of cronies. > also, have you ever noticed how many non-business people get on = boards? > People who run non-profits, arts organizations, etc. Hello? What > expertise do people like Jesse Jackson (extreme example) have to = offer > to a corporation? > > Warren > > Winston Little wrote: > > >Fanus: > > > >The points you make are very true. > > > >I also believe that a big part of t he blame for WCOM, ENE, GX, KM = and > other > >similar are the fault of shareholders. > > > >Not many people vote to appoint Board of Directors (BOD) or attend = and > >PARTICIPATE in annual meetings. > > > >There are just a few hundred CEO (conceited, exclusive, overpaid ) = whose > >names recurrently appear on the BOD as you go from company to = company. > These > >members slap each other on the back, are more interested in each = others > golf > >handicap than corporate matters, and vote for excessive pay and = greed, so > >that they too will receive excessive rewards. > > > >Look at what happened to Walter Hewlett when he challenged those = clowns. > Did > >the share holders come to his defense? No, they went with the = slimeballs. > > > >When shareholders vote for independent and outside BOD, they have a = right > to > >expect vigilance and honesty. When we do not and allow the BOD to = be > >populated by hacks in a circle, we can only expect to be jerked. > > > > > >----- Original Message ----- > >From: "Fanus" > >To: > >Sent: Wednesday, June 26, 2002 4:54 PM > >Subject: Re: [CANSLIM] Re: Retstatement of CANSLIM? > > > > > >>So, you are saying throw away the fundamentals and > >>trade only on the technicals? > >> > >>There are probably close to 10000 public traded > >>companies and just because a handful of companies > >>committed fraud and use creative accounting, does that > >>mean the other 99% are also just as bad? This is > >>like saying because a small fraction of the population > >>is in prison, this mean all people are criminals. > >> > >>- Fanus > >> > >>--- Spencer48@aol.com wrote: > >> > >>>Group: > >>> > >>> I'm surprised noone has mentioned this yet: > >>>But CANSLIM (in particular > >>>the 1st 2 letters) is based on fundamentally > >>>analyzing and accepting that > >>>quarterly and annual earnings will be approximately > >>>25%. > >>> > >>> However, with the accounting scandals going on, > >>>and big companies like > >>>Enron, WorldCom etc., being involved, will CANSLIM > >>>erode in NSLIM? > >>> > >>>jans > >>> > >>>- > >>>-To subscribe/unsubscribe, email > >>>"majordomo@xmission.com" > >>>-In the email body, write "subscribe canslim" or > >>>-"unsubscribe canslim". Do not use quotes in your > >>> > >>email. > >> > >> > >>__________________________________________________ > >>Do You Yahoo!? > >>Yahoo! - Official partner of 2002 FIFA World Cup > >>http://fifaworldcup.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. > > > > > > > > > > - > -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. > - -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_004C_01C21DB4.47C978E0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Just have to chime in here...while I have only the greatest respect = for=20 someone like Jimmy Carter, this is *not* what Boards need. They need=20 hard-hitting board members who know business, and who are not afraid to = tell the=20 CEO and executives that they are full of $&*^ when they pull = outrageous acts=20 or are sleeping on the job. Instead, many boards are filled with window=20 dressing. I know quite a few folks who sit on boards and don't do SQUAT, = yet=20 they do so to "build their network." What a crock.
 
Katherine
----- Original Message -----
From:=20 Winston=20 Little
Sent: Thursday, June 27, 2002 = 8:17=20 AM
Subject: Re: [CANSLIM] Re: = Retstatement=20 of CANSLIM?

When Ross Perot was a director of GM, he refused to = participate=20 in the
"excess and other skuldugery" of the GM HQ12th floor.
He = even=20 REFUSED the free cars and eating in the executive dining room. = He
wrote a=20 series "How I would Reform GM" and the incumbents were so = dismayed
that=20 they asked him to leave the company. Their view was that he wanted=20 to
deprive them of their birthright!

My point is that even = with the=20 infrequent meetings and shows, if one is
alert, one can usually = smell the=20 stink in the place.
In a later note Tom mentions Jimmy Carter(JEC). = Itoo=20 view him (JEC) as an
honorable man, but he is too trusting of = people. I=20 wonder if he would detect
the smell in many of the crooked houses=20 around.

----- Original Message -----
From: "Tom Worley" = <stkguru@bellsouth.net>
To= :=20 <canslim@lists.xmission.com= >
Sent:=20 Wednesday, June 26, 2002 10:15 PM
Subject: Re: [CANSLIM] Re: = Retstatement=20 of CANSLIM?


> I have very little doubt in my mind that = large=20 block shareholders such as
> pension funds are more interested = in inside=20 information than in wielding
> their power and influence to = ensure=20 "better corporate governance,
reasonable
> CEO pay, etc.and = an end to=20 the interlocking directorships of cronies." And
> it makes = sense, since=20 their first loyalty is not to the investing public /
> = community, but=20 rather the investors in the pension fund.
>
> I would like = to see=20 the SEC mandate that the Board of Directors consist of
> 51% = independent=20 directors in all cases. And for corps over certain market
> = value, say=20 $1 billion, require that independent Directors be over 67% = and
of
>=20 those Directors include at least a minority of successful, but=20 retired,
> businessmen or businesswomen (I nominate Katherine) = that will=20 be willing
to
> speak out publicly if necessary when they are = concerned about what they
see.
>
> But recognizing that = Directors meet, at the most, one day a month, it is
> unlikely = they will=20 ever know what is really going on outside the dog and
> pony = show=20 undoubtedly put on for them.
>
> ----- Original Message=20 -----
> From: "Warren Keuffel" <wkeuffel@xmission.com>
&g= t; To:=20 <canslim@lists.xmission.com= >
>=20 Sent: Wednesday, June 26, 2002 5:50 PM
> Subject: Re: [CANSLIM] = Re:=20 Retstatement of CANSLIM?
>
>
> I am of the opinion = - -- and I=20 would dearly loved to be proved wrong --
> that how we, as = individual=20 investors vote doesn't amount to much more
> than a spit in the = ocean.=20 The real power comes from the institutions,
> such as the Calif. = pension=20 funds, etc. that are just now starting to
> exercise that power. = Some of=20 these institutions are pushing for better
> corporate = governance,=20 reasonable CEO pay, etc.and an end to the
> interlocking = directorships=20 of cronies.
> also, have you ever noticed how many non-business = people=20 get on boards?
> People who run non-profits, arts organizations, = etc.=20 Hello? What
> expertise do people like Jesse Jackson (extreme = example)=20 have to offer
> to a corporation?
>
> = Warren
>
>=20 Winston Little wrote:
>
> >Fanus:
> >
> = >The=20 points you make are very true.
> >
> >I also believe = that a=20 big part of t he blame for WCOM, ENE, GX, KM and
> other
> = >similar are the fault of shareholders.
> >
> = >Not many=20 people vote to appoint Board of Directors (BOD) or attend and
>=20 >PARTICIPATE in annual meetings.
> >
> >There are = just a=20 few hundred CEO (conceited, exclusive, overpaid )  whose
>=20 >names recurrently appear on the BOD as you go from company to=20 company.
> These
> >members slap each other on the = back, are=20 more interested in each others
> golf
> >handicap than=20 corporate matters, and vote for excessive pay and greed, so
> = >that=20 they too will receive excessive rewards.
> >
> >Look = at what=20 happened to Walter Hewlett when he challenged those clowns.
>=20 Did
> >the share holders come to his defense? No, they went = with the=20 slimeballs.
> >
> >When shareholders vote for = independent=20 and outside BOD, they have a right
> to
> >expect = vigilance and=20 honesty. When we do not and allow the BOD to be
> >populated = by hacks=20 in a circle, we can only expect to be jerked.
> >
>=20 >
> >----- Original Message -----
> >From: = "Fanus" <fanus13@yahoo.com>
> = >To:=20 <canslim@lists.xmission.com= >
>=20 >Sent: Wednesday, June 26, 2002 4:54 PM
> >Subject: Re: = [CANSLIM]=20 Re: Retstatement of CANSLIM?
> >
> >
> = >>So, you=20 are saying throw away the fundamentals and
> >>trade only = on the=20 technicals?
> >>
> >>There are probably close = to 10000=20 public traded
> >>companies and just because a handful of=20 companies
> >>committed fraud and use creative accounting, = does=20 that
> >>mean the other 99% are also just as = bad?   This=20 is
> >>like saying because a small fraction of the=20 population
> >>is in prison, this mean all people are=20 criminals.
> >>
> >>- Fanus
> = >>
>=20 >>--- Spencer48@aol.com = wrote:
> >>
> >>>Group:
>=20 >>>
> >>>     I'm = surprised noone=20 has mentioned this yet:
> >>>But CANSLIM (in = particular
>=20 >>>the 1st 2 letters) is based on fundamentally
>=20 >>>analyzing and accepting that
> >>>quarterly = and=20 annual earnings will be approximately
> >>>25%.
> = >>>
> >>>     However, = with the=20 accounting scandals going on,
> >>>and big companies=20 like
> >>>Enron, WorldCom etc., being involved, will=20 CANSLIM
> >>>erode in NSLIM?
> = >>>
>=20 >>>jans
> >>>
> >>>-
>=20 >>>-To subscribe/unsubscribe, email
> >>>"majordomo@xmission.com"
>= ;=20 >>>-In the email body, write "subscribe canslim" or
>=20 >>>-"unsubscribe canslim".  Do not use quotes in = your
>=20 >>>
> >>email.
> >>
> = >>
>=20 >>__________________________________________________
> = >>Do=20 You Yahoo!?
> >>Yahoo! - Official partner of 2002 FIFA = World=20 Cup
> >>http://fifaworldcup.yahoo.com
> = >>
>=20 >>-
> >>-To subscribe/unsubscribe, email "majordomo@xmission.com"
>= ;=20 >>-In the email body, write "subscribe canslim" or
>=20 >>-"unsubscribe canslim".  Do not use quotes in your = email.
>=20 >>
> >
> >
> >-
> >-To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
>= ;=20 >-In the email body, write "subscribe canslim" or
> = >-"unsubscribe=20 canslim".  Do not use quotes in your email.
> >
>=20 >
> >
>
>
>
> -
> -To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
>= ; -In=20 the email body, write "subscribe canslim" or
> -"unsubscribe=20 canslim".  Do not use quotes in your=20 email.
>
>
>
> -
> -To = subscribe/unsubscribe,=20 email "majordomo@xmission.com"
>= ; -In=20 the email body, write "subscribe canslim" or
> -"unsubscribe=20 canslim".  Do not use quotes in your = email.
>


-
-To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
-In= the=20 email body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your email.
- ------=_NextPart_000_004C_01C21DB4.47C978E0-- - - - -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 #2531 ****************************** 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.