From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #2923 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, September 9 2002 Volume 02 : Number 2923 In this issue: Re: Fw: [CANSLIM] For Tom W. [CANSLIM] CANSLIM List FAQ [CANSLIM] Direct question for Wyndy. Re: Fw: [CANSLIM] For Tom W. ---------------------------------------------------------------------- Date: Mon, 9 Sep 2002 10:56:53 EDT From: Cwyndham@aol.com Subject: Re: Fw: [CANSLIM] For Tom W. - --part1_4c.113f6161.2aae10b5_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Katherine is it doom and gloom or truth and reality? Is your vision clouded by the past? Certainly CANSLIM has been a losing strategy for most of those that have attemmpted it since mid 2000 (this I learned from private email sent to me by members of this group). Oh, you're going to say IBD said to stay out, well that's not true either. They've called several bottoms. Staying in cash just means that most all of the IBD faithful lost a fantastic opportunity to short the market, to say nothing about losing ground to stealth inflation. The wavers have been totally on the ball for the past 2+ years and their performance is public and well documented. You might check them out instead of lumping them with others and scoffing at them. Whereas IBD still hasn't responded to my registered letter. Wyndy In a message dated 9/8/2002 11:36:18 PM Central Daylight Time, kmalm@earthlink.net writes: > > Hi Gene, > > I was referring to Prechter's stance on stock cycles and doom and gloom > based on Elliott Wave analysis, so was tongue-in-cheek suggesting an > economics text to balance the view. (I think his "Tidal Wave" Bear book > came out in 95 or 96. Add him to the stack with Ravi Batra "The Great > Depression of 1990" and, just to be fair, "Dow 36000" and "Dow 100000"). > Either way, all things are possible. > > Katherine > - --part1_4c.113f6161.2aae10b5_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Katherine is it doom and gloom or truth and reality? Is your vision clouded by the past? Certainly CANSLIM has been a losing strategy for most of  those that have attemmpted it since mid 2000 (this I learned from private email sent to me by members of this group). Oh, you're going to say IBD said to stay out, well that's not true either. They've called several bottoms.  Staying in cash just means that most all of the IBD faithful lost a fantastic opportunity to short the market, to say nothing about losing ground to stealth inflation. The wavers have been totally on the ball for the past 2+ years and their performance is public and well documented. You might check them out instead of lumping them with others and scoffing at them. Whereas IBD still hasn't responded to my registered letter. 

Wyndy

In a message dated 9/8/2002 11:36:18 PM Central Daylight Time, kmalm@earthlink.net writes:



Hi Gene,

I was referring to Prechter's stance on stock cycles and doom and gloom based on Elliott Wave analysis, so was tongue-in-cheek suggesting an economics text to balance the view. (I think his "Tidal Wave" Bear book came out in 95 or 96. Add him to the stack with Ravi Batra "The Great Depression of 1990" and, just to be fair, "Dow 36000" and "Dow 100000"). Either way, all things are possible.

Katherine


 - --part1_4c.113f6161.2aae10b5_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: Mon, 9 Sep 2002 10:07:12 -0500 From: "Katherine Malm" Subject: [CANSLIM] CANSLIM List FAQ This is a multi-part message in MIME format. - ------=_NextPart_000_00C7_01C257E8.AA746860 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi All, Here is the latest and greatest FAQ. Please contact me if you have any = suggestions for additions and/or corrections. =3D=3D=3D=3D=3D=3D=3D=3D This FAQ is also available at: = http://WallStreet-LLC.com/canslim/CANSLIMFAQ.doc =20 Scope of discussion, Etiquette:=20 Here are a couple of quotes from the welcome email that Jeff Salisbury, = the list owner and host, sends to each new member: "This is an unmoderated discussion group whose purpose is to provide a = forum for individuals to:=20 1.. Discuss the ideas and concepts of CANSLIM.=20 2.. Add to the concepts of CANSLIM from personal experience.=20 3.. Exchange sources of information on the internet and software that = can be used to select stocks using the CANSLIM methodology.=20 4.. Discuss specific equities and how they may or may not meet the = CANSLIM criteria. " "Anyone who resorts to rudeness, flaming, and personal attacks will be = removed from our group."=20 "By signing up for this list, you agree to the following: This list is = a private list. All information that you take from this list is for = your private use only. Commercial use of this information is = forbidden." Commonly used (misc) abbreviations: BO or B/O =3D Breakout DD=3D Due Diligence dMA =3D days Moving Average (a simple moving average unless otherwise = specified) FTD =3D Follow Through Day http://www.market-tester.com/primer.htm HTMMIS =3D "How to Make Money in Stocks" by William J. O'Neil IBD =3D Investors Business Daily (www.investors.com) IMHO =3D In My Humble Opinion sometimes used as IMO or JMO or my $0.02 LOL =3D Laughing Out Loud M =3D Market ( the "M" in CANSLIM) MA =3D Moving Average N =3D New (the "N" in CANSLIM) VR =3D Virtual Reality fund WON =3D William O'Neil, originator of CANSLIM IBD/CANSLIM Proprietary Rankings: A/D =3D Accumulation/Distribution EPS =3D Earnings per Share Rank GRS =3D Group Relative Strength RS =3D Relative Strength SMR =3D Sales/Margins/ROE Comp =3D Composite Ranking Accounting/Finance Abbreviations: BS or B/S =3D Balance Sheet cflo =3D Cash Flow D/E =3D Debt to Equity IS or I/S =3D Income Statement PE or P/E =3D Price to Earnings ratio Pro Forma earnings =3D http://www.sec.gov/investor/pubs/proforma12-4.htm =20 Accounting 101: http://uoutperform.com/New_Folder/fundamental_analysis.htm http://www.investopedia.com/university/fundamentalanalysis/ http://www.WallStreet-LLC.com/canslim/Accounting101.doc =20 Commonly discussed technical patterns: 2B=3DDouble Bottoms A Base =3D Ascending Base C&H or CwH =3D Cup and Handle (http://www.cwhcharts.com/WON_cwh.htm.) FB=3DFlat Base HTF =3D High Tight Flag LLUR =3D Lower Left Upper Right (a stock on the rise, channeling in a = tight range) For general discussion of chart patterns: = http://stockcharts.com/education/What/ChartAnalysis/index.html Commonly discussed software/tools: AAII Stock Investor Pro http://www.aaii.com/ - money back guarantee DGO=3D DailyGraphs Online ( www.dailygraphs.com ) - 7 day trial $19.95 HGSI =3D High Growth Stock Investing (www.highgrowthstock.com) - 60 day = paid trial $49 QP2 =3D Quotes Plus (www.qp2.com) TC2000 =3D Worden Brothers TC2000 technical analysis software = (http://www.tc2000.com) -30 day free trial VV=3D VectorVest (www.vectorvest.com) - 5 week trial $9.95 =20 If you are new to CANSLIM investing (or just need a refresher): Take advantage of the excellent learning center at the IBD site-- = www.investors.com/learn Free sites for stock scanning: http://moneycentral.msn.com/investor/finder/predefstocks.asp http://www.marketguide.com/screen/SScreen.asp Free sites for charting: www.stockcharts.com www.bigcharts.com http://www.moneycentral.msn.com/investor/charts/charting.asp?Symbol=3Dcsc= o Due diligence sites: Company's web site http://biz.yahoo.com/p/c/csco.html http://moneycentral.msn.com/investor/research/newsnap.asp?Symbol=3DCSCO www.cwhcharts.com/canslim (limited to 5 stocks per person per day) www.investors.com (Requires subscription-look for the stock checkup = feature) =20 Free resources for real time tracking: www.quotetracker.com Tools provided by members: - -CANSLIM Evaluator provided by Mike Gibbons: A tool that evaluates a = stock against each of the -CANSLIM criteria except M. = (http://www.cwhcharts.com/canslim) CwH Stock Selector provided by Mike Gibbons: A tool that looks for = stocks that are in the handle of a cup-with-handle base and are = potentially ready for breakout. = (http://www.cwhcharts.com/canslim/canslim.php?symbol=3D ) - -The SOD Compiler provided by Mike Niemotka: An Excel spreadsheet that = contains macros to create a summary list of stocks that appear on = multiple "screen of the day" from the IBD website. (under revision, will = post FTP address soon) - -CANSLIMLinks provided by Katherine Malm: An Excel spreadsheet that = contains macros for creating links to sites useful for evaluating = CANSLIM stocks. Allows you to list stocks of your choosing. Full = functionality only available with Excel 2000 for Windows. Limited = functionality in prior versions. = (http://WallStreet-LLC.com/canslim/CANSLIMLinksAutomated.zip) - -CANSLIMLinks+DGO provided by Katherine Malm: An Excel spreadsheet for = both creating links and listing all information available from daily DGO = reports for each stock. Requires subscription to DGO. Full functionality = only available with Excel 2000 for Windows. Limited functionality in = prior versions. (under revision, will be available soon at = http://WallStreet-LLC.com/canslim/CANSLIMLinks+DGO.zip) - -Favorite Resources provided by Katherine Malm: A Word document listing = various sites I find useful in CANSLIM investing. = (http://WallStreet-LLC.com/canslim/FavoriteResourcesKM.doc) - -Favorite Resources provided by other members-Would love to see more = posted to the FTP site!!! =20 List FAQ compiled by Katherine Malm. If you have suggestions for = additions and/or revisions, please contact me at kmalm@earthlink.net Rev 9/8/02 - ------=_NextPart_000_00C7_01C257E8.AA746860 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi All,
 
Here is the latest and greatest FAQ. Please contact me if you have = any=20 suggestions for additions and/or corrections.
 
=3D=3D=3D=3D=3D=3D=3D=3D

This FAQ is = also=20 available at: http://Wall= Street-LLC.com/canslim/CANSLIMFAQ.doc

 

Scope of=20 discussion, Etiquette:

Here are a = couple=20 of quotes from the welcome email that Jeff Salisbury, the list = owner and=20 host, sends to each new member:

 

"This is an = unmoderated=20 discussion group whose purpose is to provide a forum for individuals to: =

  1. Discuss=20 the ideas and concepts of CANSLIM.
  2. Add=20 to the concepts of CANSLIM from personal experience.
  3. Exchange=20 sources of information on the internet and software that can be used = to select=20 stocks using the CANSLIM methodology.
  4. Discuss=20 specific equities and how they may or may not meet the CANSLIM=20 criteria. "

"Anyone who resorts to rudeness, flaming, and personal attacks will = be=20 removed from our group."

=93By signing up for this list, you agree to the following:  = This list is=20 a private list.  All information that you take from this list is = for your=20 private use only.  Commercial use of this information is = forbidden.=94

Commonly used = (misc)=20 abbreviations:

BO or B/O =3D = Breakout

DD=3D Due = Diligence

dMA =3D days Moving = Average (a=20 simple moving average unless otherwise specified)

FTD =3D Follow = Through Day http://www.market-tester= .com/primer.htm

HTMMIS =3D "How to = Make Money in=20 Stocks" by William J. O'Neil

IBD =3D Investors = Business=20 Daily  (www.investors.com)

IMHO =3D In My Humble = Opinion=20 sometimes used as IMO or JMO or my $0.02

LOL =3D Laughing Out = Loud

M =3D Market ( the = "M" in=20 CANSLIM)

MA =3D Moving = Average

N =3D New (the "N" in = CANSLIM)

VR =3D Virtual = Reality fund

WON =3D William = O'Neil, originator=20 of CANSLIM

 

IBD/CANSLIM = Proprietary=20 Rankings:

A/D =3D=20 Accumulation/Distribution

EPS =3D Earnings per = Share Rank

GRS =3D Group = Relative Strength

RS =3D Relative = Strength

SMR =3D = Sales/Margins/ROE

Comp =3D Composite = Ranking

 

Accounting/Finance=20 Abbreviations:

BS or B/S =3D Balance = Sheet

cflo =3D Cash = Flow

D/E =3D Debt to = Equity

IS or I/S =3D Income = Statement

PE or P/E =3D Price = to Earnings=20 ratio

Pro Forma earnings = =3D http://www.sec= .gov/investor/pubs/proforma12-4.htm

 

Accounting = 101:

http:= //uoutperform.com/New_Folder/fundamental_analysis.htm
http= ://www.investopedia.com/university/fundamentalanalysis/
http://w= ww.WallStreet-LLC.com/canslim/Accounting101.doc

 

Commonly = discussed technical=20 patterns:

2B=3DDouble=20 Bottoms

A Base =3D Ascending = Base

C&H or CwH =3D = Cup and=20 Handle  (http://www.cwhcharts.com/WO= N_cwh.htm.)

FB=3DFlat Base

HTF =3D High Tight = Flag

LLUR =3D Lower Left = Upper=20 Right (a stock on the rise, channeling in a tight range)

For general = discussion of chart=20 patterns: h= ttp://stockcharts.com/education/What/ChartAnalysis/index.html<= /P>

 

Commonly = discussed=20 software/tools:

AAII Stock Investor = Pro http://www.aaii.com/ - money back = guarantee

DGO=3D DailyGraphs=20 Online  ( www.dailygraphs.com ) =96 7 = day trial=20 $19.95

HGSI =3D High Growth = Stock=20 Investing (www.highgrowthstock.com)=20 =96 60 day paid trial $49

QP2 =3D Quotes Plus = (www.qp2.com)

TC2000 =3D  = Worden Brothers=20 TC2000 technical analysis software (http://www.tc2000.com) -30 day free=20 trial

VV=3D VectorVest (www.vectorvest.com) =96 5 week = trial=20 $9.95

 

If you are new to = CANSLIM=20 investing (or just need a refresher):

Take advantage of the = excellent=20 learning center at the IBD site-- www.investors.com/learn

 

Free sites for = stock=20 scanning:

htt= p://moneycentral.msn.com/investor/finder/predefstocks.asp

http://www.marketg= uide.com/screen/SScreen.asp

 

Free sites for=20 charting:

www.stockcharts.com

www.bigcharts.com

http://www.moneycentral.msn.com/investor/charts/charting.asp?S= ymbol=3Dcsco

 

Due diligence = sites:

Company's web = site

http://biz.yahoo.com/p/c/csco= .html

http://moneycentral.msn.com/investor/research/newsnap.asp?Symbol=3D= CSCO

www.cwhcharts.com/canslim = (limited=20 to 5 stocks per person per day)

www.investors.com (Requires=20 subscription-look for the stock checkup feature)

 

 

Free resources = for real time=20 tracking:

www.quotetracker.com

 

Tools provided by = members:

-CANSLIM Evaluator = provided by=20 Mike Gibbons: A tool that evaluates a stock against each of the -CANSLIM = criteria except M. (http://www.cwhcharts.com/canslim)

CwH Stock Selector = provided by=20 Mike Gibbons: A tool that looks for stocks that are in the handle = of a=20 cup-with-handle base and are potentially ready for breakout. = (http://www.c= whcharts.com/canslim/canslim.php?symbol=3D=20 )

-The SOD Compiler = provided by=20 Mike Niemotka:  An Excel = spreadsheet=20 that contains macros to create a summary list of stocks that appear on = multiple=20 "screen of the day" from the IBD website. (under revision, will post FTP = address=20 soon)

-CANSLIMLinks = provided by=20 Katherine Malm: An Excel spreadsheet that contains macros for creating = links to=20 sites useful for evaluating CANSLIM stocks. Allows you to list stocks of = your=20 choosing. Full functionality only available with Excel 2000 for Windows. = Limited=20 functionality in prior versions. (http= ://WallStreet-LLC.com/canslim/CANSLIMLinksAutomated.zip)

-CANSLIMLinks+DGO = provided by=20 Katherine Malm: An Excel spreadsheet for both creating links and listing = all=20 information available from daily DGO reports for each stock. Requires=20 subscription to DGO. Full functionality only available with Excel 2000 = for=20 Windows. Limited functionality in prior versions.  (under revision, will be = available soon=20 at http://Wa= llStreet-LLC.com/canslim/CANSLIMLinks+DGO.zip)

-Favorite Resources = provided by=20 Katherine Malm: A Word document listing various sites I find useful in = CANSLIM=20 investing. (http:/= /WallStreet-LLC.com/canslim/FavoriteResourcesKM.doc)

-Favorite Resources = provided by=20 other members=97Would love to see more posted to the FTP site!!!

 

List FAQ compiled by = Katherine=20 Malm. If you have suggestions for additions and/or revisions, please = contact me=20 at kmalm@earthlink.net

Rev=20 9/8/02

- ------=_NextPart_000_00C7_01C257E8.AA746860-- - - - -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, 9 Sep 2002 10:33:11 -0500 From: "Edward W. Gjertsen II" Subject: [CANSLIM] Direct question for Wyndy. This is a multi-part message in MIME format. - ------=_NextPart_000_009E_01C257EC.4C5DF6C0 Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Wyndy, Can you please describe for the group, if you have not already, your background in investing/trading. Do you work in the investment industry? I am curious about your historical perspective on investing/markets. Do you currently have an investment philosophy? If so, why are you currently looking at CANSLIM. What was the catalyst behind your search? If you want to answer privately to me, that's fine, but I would like to get a better understanding of what you are trying to accomplish. Ed Gjertsen II ed@macktracks.com - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Cwyndham@aol.com Sent: Monday, September 09, 2002 9:57 AM To: canslim@lists.xmission.com Subject: Re: Fw: [CANSLIM] For Tom W. Katherine is it doom and gloom or truth and reality? Is your vision clouded by the past? Certainly CANSLIM has been a losing strategy for most of those that have attemmpted it since mid 2000 (this I learned from private email sent to me by members of this group). Oh, you're going to say IBD said to stay out, well that's not true either. They've called several bottoms. Staying in cash just means that most all of the IBD faithful lost a fantastic opportunity to short the market, to say nothing about losing ground to stealth inflation. The wavers have been totally on the ball for the past 2+ years and their performance is public and well documented. You might check them out instead of lumping them with others and scoffing at them. Whereas IBD still hasn't responded to my registered letter. Wyndy In a message dated 9/8/2002 11:36:18 PM Central Daylight Time, kmalm@earthlink.net writes: Hi Gene, I was referring to Prechter's stance on stock cycles and doom and gloom based on Elliott Wave analysis, so was tongue-in-cheek suggesting an economics text to balance the view. (I think his "Tidal Wave" Bear book came out in 95 or 96. Add him to the stack with Ravi Batra "The Great Depression of 1990" and, just to be fair, "Dow 36000" and "Dow 100000"). Either way, all things are possible. Katherine - ------=_NextPart_000_009E_01C257EC.4C5DF6C0 Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: quoted-printable

Wyndy,

 

Can you please describe for the = group, if you have not already, your background in investing/trading.  Do you = work in the investment industry?  I am curious about your historical perspective on investing/markets.  Do you currently have an = investment philosophy?  If so, why are you currently looking at CANSLIM.  = What was the catalyst behind your search?  If you want to answer privately = to me, that’s fine, but I would like to get a better understanding of what you are = trying to accomplish.

 

Ed Gjertsen II

ed@macktracks.com

=

 

-----Original = Message-----
From: = owner-canslim@lists.xmission.com<= /span> [mailto:owner-canslim@lists.xmission.com] On Behalf Of Cwyndham@aol.com
Sent: Monday, September 09, 2002 9:57 AM
To: canslim@lists.xmission.com<= /span>
Subject: Re: Fw: = [CANSLIM] For Tom W.

 

Katherine is it doom and = gloom or truth and reality? Is your vision clouded by the past? Certainly CANSLIM = has been a losing strategy for most of  those that have attemmpted it = since mid 2000 (this I learned from private email sent to me by members of = this group). Oh, you're going to say IBD said to stay out, well that's not = true either. They've called several bottoms.  Staying in cash just means = that most all of the IBD faithful lost a fantastic opportunity to short the = market, to say nothing about losing ground to stealth inflation. The wavers have = been totally on the ball for the past 2+ years and their performance is = public and well documented. You might check them out instead of lumping them with = others and scoffing at them. Whereas IBD still hasn't responded to my = registered letter. 

Wyndy

In a message dated 9/8/2002 11:36:18 PM Central Daylight Time, kmalm@earthlink.net writes:




Hi Gene,

I was referring to Prechter's stance on stock cycles and doom and gloom = based on Elliott Wave analysis, so was tongue-in-cheek suggesting an economics = text to balance the view. (I think his "Tidal Wave" Bear book came = out in 95 or 96. Add him to the stack with Ravi Batra "The Great = Depression of 1990" and, just to be fair, "Dow 36000" and "Dow 100000"). Either way, all things are possible.

Katherine

 

- ------=_NextPart_000_009E_01C257EC.4C5DF6C0-- - - - -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, 9 Sep 2002 10:35:43 -0500 From: "Katherine Malm" Subject: Re: Fw: [CANSLIM] For Tom W. This is a multi-part message in MIME format. - ------=_NextPart_000_00D7_01C257EC.A69D9A00 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Wyndy, You should reread your market history, economics history and resources = on all investing styles. Truth and reality are in the eye of the = beholder. Simply because the wavers have been "right" the last couple of = years doesn't mean they've always been "right." The point was simply = that it is easy for people to latch onto a style or approach to = investing and say that it is "the only way" when it works currently. = History is littered with failed investors who did not understand that = all methods do not work in all markets. If you'd actually read my = comments, you would have realized that I was saying that it is important = to have a balanced view when evaluating *any* text. The idea that the US = would fall into a protracted deflationary depression is debatable. I = consider those who insist that this is a given are "doom and gloomers." = I also consider those who think the market will make 40000 are "eternal = optimists." As to "staying out of the market" that's your business. You could have = stayed out since March 2000 all together and simply shorted, riding the = down wave, or you could have riden the intermediate term waves *both* up = and down since then. A very successful strategy for many has been to = ride CANSLIM during the brief upwaves, and ridden anti-CANSLIM on the = downwaves. "Calling" the market is the responsibility of the individual, = not the IBD. I have no tolerance for people who blame their poor = performance on WON, on fate, on the IBD, or on some other quasi-guru of = their own making. Performance is and always has been the responsibility = of the investor. Whether you invest it yourself or you choose an = investment advisor, the bottom line is that *you* made the choice.=20 Just a couple of days ago, there was an "Ask Bill" in which the = individual asked, "what's the point of reading IBD during a bear market = when you suggest being in cash." His answer was that a Bear market is = like the off-season and top athletes always use that off season to = sharpen their skills. He also said that if you are not constantly = prepared for action from one day to the next, that *when* the market = turns, you will be left in the dust. He ended by stating that the = difference between people who casually read the IBD and those that learn = from it translated into 30% vs 300% returns in the 98-99 Bull. Let me = just add that for those smart enough to "get" CANSLIM, they have not = only hung on to those 300% returns, but have added to them in the last 2 = years with low risk to boot. As I've said before, if you don't think CANSLIM is useful to you...just = don't hang out here. Not all of us who talk about CANSLIM as an = investing style use it exclusively. The difference is that we are smart = enough to realize that this is a CANSLIM discussion list and that's the = topic at hand. The other difference is that smart people come here to = learn, not to criticize or blow off steam. Katherine ----- Original Message -----=20 From: Cwyndham@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Monday, September 09, 2002 9:56 AM Subject: Re: Fw: [CANSLIM] For Tom W. Katherine is it doom and gloom or truth and reality? Is your vision = clouded by the past? Certainly CANSLIM has been a losing strategy for = most of those that have attemmpted it since mid 2000 (this I learned = from private email sent to me by members of this group). Oh, you're = going to say IBD said to stay out, well that's not true either. They've = called several bottoms. Staying in cash just means that most all of the = IBD faithful lost a fantastic opportunity to short the market, to say = nothing about losing ground to stealth inflation. The wavers have been = totally on the ball for the past 2+ years and their performance is = public and well documented. You might check them out instead of lumping = them with others and scoffing at them. Whereas IBD still hasn't = responded to my registered letter. =20 Wyndy In a message dated 9/8/2002 11:36:18 PM Central Daylight Time, = kmalm@earthlink.net writes: Hi Gene, I was referring to Prechter's stance on stock cycles and doom and = gloom based on Elliott Wave analysis, so was tongue-in-cheek suggesting = an economics text to balance the view. (I think his "Tidal Wave" Bear = book came out in 95 or 96. Add him to the stack with Ravi Batra "The = Great Depression of 1990" and, just to be fair, "Dow 36000" and "Dow = 100000"). Either way, all things are possible. Katherine - ------=_NextPart_000_00D7_01C257EC.A69D9A00 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Wyndy,
 
You should reread your market history, economics history and = resources on=20 all investing styles. Truth and reality are in the eye of the beholder. = Simply=20 because the wavers have been "right" the last couple of years doesn't = mean=20 they've always been "right." The point was simply that it is easy for = people to=20 latch onto a style or approach to investing and say that it is "the only = way"=20 when it works currently. History is littered with failed investors who = did not=20 understand that all methods do not work in all markets. If you'd = actually read=20 my comments, you would have realized that I was saying that it is = important to=20 have a balanced view when evaluating *any* text. The idea that the US = would fall=20 into a protracted deflationary depression is debatable. I consider those = who=20 insist that this is a given are "doom and gloomers." I also consider = those who=20 think the market will make 40000 are "eternal optimists."
 
As to "staying out of the market" that's your business. You could = have=20 stayed out since March 2000 all together and simply shorted, riding the = down=20 wave, or you could have riden the intermediate term waves *both* up and = down=20 since then. A very successful strategy for many has been to ride CANSLIM = during=20 the brief upwaves, and ridden anti-CANSLIM on the downwaves. "Calling" = the=20 market is the responsibility of the individual, not the IBD. I have no = tolerance=20 for people who blame their poor performance on WON, on fate, on the IBD, = or on=20 some other quasi-guru of their own making. Performance is and always has = been=20 the responsibility of the investor. Whether you invest it yourself = or you=20 choose an investment advisor, the bottom line is that *you* made = the=20 choice. 
 
Just a couple of days ago, there was an "Ask Bill" in which the = individual=20 asked, "what's the point of reading IBD during a bear market when you = suggest=20 being in cash." His answer was that a Bear market is like the off-season = and top=20 athletes always use that off season to sharpen their skills. He also = said that=20 if you are not constantly prepared for action from one day to the next, = that=20 *when* the market turns, you will be left in the dust. He ended by = stating that=20 the difference between people who casually read the IBD and those that = learn=20 from it translated into 30% vs 300% returns in the 98-99 Bull. Let = me just=20 add that for those smart enough to "get" CANSLIM, they have not only = hung on to=20 those 300% returns, but have added to them in the last 2 years with low = risk to=20 boot.
 
As I've said before, if you don't think CANSLIM is useful to = you...just=20 don't hang out here. Not all of us who talk about CANSLIM as an = investing style=20 use it exclusively. The difference is that we are smart enough to = realize that=20 this is a CANSLIM discussion list and that's the topic at hand. The = other=20 difference is that smart people come here to learn, not to criticize or = blow off=20 steam.
 
Katherine
----- Original Message -----
From:=20 Cwyndham@aol.com=20
Sent: Monday, September 09, = 2002 9:56=20 AM
Subject: Re: Fw: [CANSLIM] For = Tom=20 W.

Katherine is it doom and gloom or truth and = reality? Is=20 your vision clouded by the past? Certainly CANSLIM has been a losing = strategy=20 for most of  those that have attemmpted it since mid 2000 (this I = learned=20 from private email sent to me by members of this group). Oh, you're = going to=20 say IBD said to stay out, well that's not true either. They've called = several=20 bottoms.  Staying in cash just means that most all of the IBD = faithful=20 lost a fantastic opportunity to short the market, to say nothing about = losing=20 ground to stealth inflation. The wavers have been totally on the ball = for the=20 past 2+ years and their performance is public and well documented. You = might=20 check them out instead of lumping them with others and scoffing at = them.=20 Whereas IBD still hasn't responded to my registered letter. =20

Wyndy

In a message dated 9/8/2002 11:36:18 PM Central = Daylight=20 Time, kmalm@earthlink.net writes:



Hi Gene,

I was referring to Prechter's stance = on=20 stock cycles and doom and gloom based on Elliott Wave analysis, so = was=20 tongue-in-cheek suggesting an economics text to balance the view. (I = think=20 his "Tidal Wave" Bear book came out in 95 or 96. Add him to the = stack with=20 Ravi Batra "The Great Depression of 1990" and, just to be fair, "Dow = 36000"=20 and "Dow 100000"). Either way, all things are=20 = possible.

Katherine


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