From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #2973 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 Wednesday, October 9 2002 Volume 02 : Number 2973 In this issue: [CANSLIM] =?iso-8859-1?Q?Latt=E9s_anyone=3F?= Re: [CANSLIM] Charts for CANSLIMers RE: [CANSLIM] Charts for CANSLIMers [CANSLIM] Wow that didn't take long ---------------------------------------------------------------------- Date: Wed, 9 Oct 2002 12:42:45 -0500 From: "Edward W. Gjertsen II" Subject: [CANSLIM] =?iso-8859-1?Q?Latt=E9s_anyone=3F?= This is a multi-part message in MIME format. - ------=_NextPart_000_00B4_01C26F91.5EC69990 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I beginning to hear the cries of Smoot/Hartley advocates=85..last time that tune was sung was, oh, 1929. And by the way, the last time the DJIA had three consecutive negative years=85.Hitler invaded Poland. Things can get a lot worse. The power behind Canslim/money management is to not worry about the first 20% of a rally or last 20% of a decline. It=92s to wait patiently, sitting on your pile of cash, drinking = latt=E9s, watching the neophytes dive into a rally only to be caught again as the market resumes its downtrend. There may be =93trading=94 opportunities, APOL, CECO, etc. But for the rest of you, be patient. Enjoy another latt=E9. =20 Ed Gjertsen II ed@macktracks.com =20 - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Rocky Sanghvi Sent: Wednesday, October 09, 2002 12:32 PM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] Worley's Weekend Weeview =20 Appreciate everyone=92s comments on this extremely important issue. Its actually not just the unions =96 the implications are bigger. Each and every industry in this country eventually is supported in some way by Manufacturing. Think about it!!! =20 Look at any service industry =96 say Banking or Information Technology consulting, Insurance or whatever: =20 They provide services either to Manufacturing & related companies (Suppliers, Distributors) or to people who work in Manufacturing & related companies. =20 =20 Someone mentioned that we are a Service economy. This in itself is not possible. Lets try to imagine a country in which the only jobs are service related. Meaning a Insurance company insuring a Bank. Ok and how does the bank make money =96 ok I guess from the IT consulting company. Explore this tree long enough and you realize that at the bottom of it are the companies that make real, tangible goods. Is Microsoft a manufacturer? YES absolutely. =20 =20 Can Services be a self funding industry without there being actual production of any goods? No way. So when I look at the long term decline in Mfg in this country =96 its really scary stuff. Yeah sure GE makes a lot of money by outsourcing to China and Mexico and Eastern europe and therefore makes American stock holders money =96 but the question is =96 what does outsourcing mfg offshore do to our economy? = In effect we are distributing our wealth to nations like China and mexico. Make no mistake about it =96 manufacturing is a country=92s wealth. = Whether its manufacturing software or making widgets manufacturing a tangible item is what our economy is based on. =20 =20 I cant imagine free trade continuing to work in its present day form. We will be forced to make some tough decisions =96=20 * Make offshore manufacturer=92s buy our products of our service industry. =20 * Levy quotas on goods imported for distressed industries * Levy quotas on making offshore manufacturers to make a certain quota of goods in the USA. =20 =20 Does this sound xenophobic or gargantuan? Maybe =96 but I don=92t see a = way around it. =20 =20 Rocky =20 =20 =20 - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Logan, Scott L. Sent: Tuesday, October 08, 2002 4:56 PM To: 'canslim@lists.xmission.com' Subject: RE: [CANSLIM] Worley's Weekend Weeview =20 Rocky, Thank you for your comments.=20 My father has been in the transportation industry( trucking ) for 30 years. I have listened to many accounts of manufacturing facilities that were once shipping freight locally here in Texas move out of the country, or just go belly up not being able to match foreign prices( China, and Mexico in particular). =20 The unions are just tightening the noose around their own necks. =20 =20 Scott - -----Original Message----- From: Rocky Sanghvi [mailto:rs@mylodestar.com] Sent: Tuesday, October 08, 2002 3:44 PM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] Worley's Weekend Weeview Scott, =20 I work extensively with Manufacturing companies throughout the country and I completely agree with your comments. =20 One of the lessons coming home to roost is that you cant have an economy based entirely on the Service sector. A society has to MAKE something tangible to have a thriving economy. =20 =20 Rocky - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Logan, Scott L. Sent: Tuesday, October 08, 2002 4:08 PM To: 'canslim@lists.xmission.com' Subject: RE: [CANSLIM] Worley's Weekend Weeview =20 I don't think the American public has realized the effects of losing our manufacturing jobs. Thousands of good paying blue collar jobs are disappearing from our landscape. But I like most everyone else enjoy the low cost goods that American factories( and Unions ) have priced themselves out of. - -----Original Message----- From: Tom Worley [mailto:stkguru@bellsouth.net] Sent: Sunday, October 06, 2002 10:32 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Worley's Weekend Weeview ISM (Institute of Supply Management, formerly known as NAPM - Nat'l Assn of Purchasing Managers) produces two major monthly reports, one on manufacturing, and one on the service sector. Both reports (indexes) consist of a number of sub-components, including an employment factor which is used to measure increase / decrease in actual jobs. Both reports this week showed that more jobs were being lost in Sept than in Aug, even tho the service sector report showed a strong gain overall. For some years now, the manufacturing sector has been losing jobs while the service sector has been gaining. It's unusual for both to lose jobs, and dovetails with most other employment data (except for Labor's reports). =20 here's CNN's version of the report http://money.cnn.com/2002/10/03/news/economy/ism_services.reut/index.htm =20 - ----- Original Message -----=20 From: Ann =20 To: canslim@lists.xmission.com=20 Sent: Sunday, October 06, 2002 11:19 AM Subject: Re: [CANSLIM] Worley's Weekend Weeview =20 Tom, can you please explain this paragraph? =20 Thanks, =20 Ann =20 ISM reports that September service sector growth jumped a full 3 percentage points to 53.9%, eighth straight month of growth, and well over expectations of a gain to 51.4%. As mentioned above, the rate of layoffs accelerated with the employment factor down to 46.6% from 47.3%, the 19th straight month of job losses. =20 =20 - ------=_NextPart_000_00B4_01C26F91.5EC69990 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable

I beginning to hear the cries of = Smoot/Hartley advocates…..last time that tune was sung was, oh, 1929.=A0 And by = the way, the last time the DJIA had three consecutive negative = years….Hitler invaded Poland.=A0=A0 Things can get a lot = worse.=A0 The power behind Canslim/money management is to not worry = about the first 20% of a rally or last 20% of a decline.=A0 It’s to wait = patiently, sitting on your pile of cash, drinking latt=E9s, watching the neophytes = dive into a rally only to be caught again as the market resumes its downtrend.=A0 = There may be “trading” opportunities, APOL, CECO, etc.=A0 But for the = rest of you, be patient.=A0 Enjoy another latt=E9.

 

Ed Gjertsen = II

ed@macktracks.com

=

 

-----Original = Message-----
From: = owner-canslim@lists.xmission.com<= /span> [mailto:owner-canslim@lists.xmission.com] On Behalf Of Rocky Sanghvi
Sent: Wednesday, October 09, 2002 12:32 = PM
To: canslim@lists.xmission.com<= /span>
Subject: RE: [CANSLIM] = Worley's Weekend Weeview

 

Appreciate everyone’s = comments on this extremely important issue.  Its actually not just the unions = – the implications are bigger.   Each and every industry in this country eventually is supported in some way by Manufacturing.  = Think about it!!!  

Look at any service industry = – say Banking or Information Technology consulting, Insurance or whatever:    

They provide services either to Manufacturing & related companies (Suppliers, Distributors) or to = people who work in Manufacturing & related companies.  =

 

Someone mentioned that we are a = Service economy.  This in itself is not possible.  Lets try to imagine = a country in which the only jobs are service related.   Meaning = a Insurance company insuring a Bank.  Ok and how does the bank make = money – ok I guess from the IT consulting company.  Explore this = tree long enough and you realize that at the bottom of it are the companies that = make real, tangible goods.  Is Microsoft a manufacturer?  YES absolutely. 

 

Can Services be a self funding = industry without there being actual production of any goods?  No way.  = So when I look at the long term decline in Mfg in this country – its = really scary stuff.  Yeah sure GE makes a lot of money by outsourcing to China = and Mexico and Eastern europe and therefore makes American stock holders = money – but the question is – what does outsourcing mfg offshore = do to our economy?  In effect we are distributing our wealth to nations = like China and mexico.  Make no mistake about it – manufacturing = is a country’s wealth.  Whether its manufacturing software or making widgets manufacturing a tangible item is what our economy is based on. =   

 

I cant imagine free trade = continuing to work in its present day form.  We will be forced to make some tough decisions –

=B7      =   Make = offshore manufacturer’s buy our products of our service industry. 

=B7      =   Levy quotas = on goods imported for distressed industries

=B7      =   Levy quotas = on making offshore manufacturers to make a certain quota of goods in the = USA. 

 

Does this sound xenophobic or = gargantuan?  Maybe – but I don’t see a way around it. =   

 

Rocky

 

 

 

-----Original = Message-----
From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com] On Behalf Of Logan, Scott L.
Sent: Tuesday, October = 08, 2002 4:56 PM
To: = 'canslim@lists.xmission.com'
Subject: RE: [CANSLIM] = Worley's Weekend Weeview

 

Rocky,

 Thank you for your comments.

My father has been in the transportation industry( trucking ) for 30 years. = I have listened to many accounts of manufacturing facilities that were once = shipping freight locally here in Texas move out of the country, or just go belly = up not being able to match foreign prices( China, and Mexico in = particular).

 

The unions are just tightening the noose around their own = necks.

 

 

Scott

-----Original Message-----
From: Rocky Sanghvi [mailto:rs@mylodestar.com]
Sent: Tuesday, October = 08, 2002 3:44 PM
To: = canslim@lists.xmission.com
Subject: RE: [CANSLIM] = Worley's Weekend Weeview

Scott,

 

I work extensively with Manufacturing companies throughout the country and I completely agree with your comments.  

One of the lessons coming home to roost is that you cant have an = economy based entirely on the Service sector.  A society has to MAKE = something tangible to have a thriving economy. 

 

Rocky

-----Original = Message-----
From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com] On Behalf Of Logan, Scott L.
Sent: Tuesday, October = 08, 2002 4:08 PM
To: = 'canslim@lists.xmission.com'
Subject: RE: [CANSLIM] = Worley's Weekend Weeview

 

I don't think the American public has realized the effects of losing our = manufacturing jobs. Thousands of good paying blue collar jobs are disappearing from = our landscape. But I like most everyone else enjoy the low cost goods that = American factories( and Unions ) have priced themselves out = of.

-----Original Message-----
From: Tom Worley [mailto:stkguru@bellsouth.net]
Sent: Sunday, October 06, = 2002 10:32 AM
To: = canslim@lists.xmission.com
Subject: Re: [CANSLIM] = Worley's Weekend Weeview

ISM (Institute of Supply = Management, formerly known as NAPM - Nat'l Assn of Purchasing Managers) produces two = major monthly reports, one on manufacturing, and one on the service = sector.  Both reports (indexes) consist of a number of sub-components, including = an employment factor which is used to measure increase / decrease in actual jobs.  Both reports this week showed that more jobs were being lost = in Sept than in Aug, even tho the service sector report showed a strong = gain overall. For some years now, the manufacturing sector has been losing = jobs while the service sector has been gaining. It's unusual for both to lose = jobs, and dovetails with most other employment data (except for Labor's = reports).

 

here's CNN's version of the = report

 

----- Original Message = - -----

From: Ann

Sent: Sunday, October 06, 2002 11:19 AM

Subject: Re: [CANSLIM] Worley's Weekend Weeview

 

Tom, can you please explain = this paragraph?

 

Thanks,

 

Ann

 

ISM reports that September = service sector growth jumped a full 3 percentage points to 53.9%, eighth = straight month of growth, and well over expectations of a gain to 51.4%. As mentioned = above, the rate of layoffs accelerated with the employment factor down to 46.6% = from 47.3%, the 19th straight month of job losses.

 

 

- ------=_NextPart_000_00B4_01C26F91.5EC69990-- - - - -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: Wed, 9 Oct 2002 13:26:55 -0700 (PDT) From: Kent Norman Subject: Re: [CANSLIM] Charts for CANSLIMers Mike Have you considered charting your web site hits? You may be able to correlate traffic to M interest?\ Thanks for your service Kent Norman (not an IBD or DGO subscriber) > From: "Mike Gibbons" > To: > Sent: Tuesday, October 08, 2002 9:39 AM > Subject: RE: [CANSLIM] Charts for CANSLIMers > > > > Hi Folks, > > > > I'm pleased to say my server is back on line. > > > > Aloha, ===== There are 3 kinds of people in the world. Those who can count and those who can't. __________________________________________________ Do you Yahoo!? Faith Hill - Exclusive Performances, Videos & More http://faith.yahoo.com - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Wed, 9 Oct 2002 10:59:14 -1000 From: "Mike Gibbons" Subject: RE: [CANSLIM] Charts for CANSLIMers Hi Kent, Yes, I capture the stats. I can confirm that the interest is virtually nil right now with few new site visitors and very few converting from a trial to full subscription. After all, the site is of little help in this market, so I can't blame people for not buying a service with limited use. This compares to what I would describe as "significant" interest when the site was first launched a year ago. However, I'm very encouraged by the use of the new charts which has gone up 10 fold since I added them two days ago. Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Kent Norman Sent: Wednesday, October 09, 2002 10:27 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Charts for CANSLIMers Mike Have you considered charting your web site hits? You may be able to correlate traffic to M interest?\ Thanks for your service Kent Norman (not an IBD or DGO subscriber) > From: "Mike Gibbons" > To: > Sent: Tuesday, October 08, 2002 9:39 AM > Subject: RE: [CANSLIM] Charts for CANSLIMers > > > > Hi Folks, > > > > I'm pleased to say my server is back on line. > > > > Aloha, ===== There are 3 kinds of people in the world. Those who can count and those who can't. __________________________________________________ Do you Yahoo!? Faith Hill - Exclusive Performances, Videos & More http://faith.yahoo.com - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Wed, 9 Oct 2002 16:25:12 -0500 From: "Edward W. Gjertsen II" Subject: [CANSLIM] Wow that didn't take long Here is the response I received from IBD. Sorry for the length, but hopefully it will shed some light on what WON has turned into - a big corp. with attorneys (no offense to those who practice the dark arts) Dear Mr. Gjertsen : We received your inquiry via e-mail dated October 9th, regarding the possibility of incorporating both IBD and Daily Graphs in your presentations at educational seminars. We appreciate your support and faith in the Daily Graphs Online ("DGO") Investor's Business Daily ("IBD") products, but we will not be able to accommodate your request. As a matter of corporate policy, we do not grant requests to republish or reproduce our intellectual property for uses other than immediate personal use. This includes incorporating our intellectual property with your firm's presentation in an educational forum. Currently, we are not in a position to commit the time required to properly monitor such requests. We feel strongly about maintaining the integrity of our proprietary data, intellectual property and brand goodwill. Unfortunately, the integrity of such may be jeopardized with outside use. Our concerns lie in potentially misleading or confusing the public as to connection, association, sponsorship and/or affiliation between DGO, IBD, our products and services and your educational content. Please note that our Subscription Agreement governs your use of Daily Graphs Online. This Agreement explicitly states that the products and services of DGO are for your personal use only. They are not for mass distribution or publication. You may not re transmit or otherwise furnish any data obtained from DGO to any other person or entity. We respectfully request that you eliminate the inclusion of any DGO products or data obtained there from in any of your works. Please understand that our decision is not a reflection on you or your firm's intent for these seminars. Again, we appreciate your interest and support of the O'Neil principles, DGO and IBD, we wish you the best of luck in your endeavor, but we cannot grant your request. Thank you for your cooperation and understanding. Sincerely, Daily Graphs OnlineR & Investor's Business Daily, Inc. Data Protection Committee Ed Gjertsen II ed@macktracks.com - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Edward W. Gjertsen II Sent: Wednesday, October 09, 2002 12:11 PM To: canslim@lists.xmission.com Subject: [CANSLIM] OffTopic - please respond to me personally Please excuse the question. I just got off the phone with Steve Salter at Daily Graphs and he went through what we have been sharing lately regarding use of IBD, Graphs, etc. We are an investment advisory firm planning on putting on education seminars that feature CANSLIM in conjunction with what I have shared with the group regarding position sizing and risk. Are there any others on the list, in the financial services industry, who promote IBD, CANSLIM etc. in a presentation format? Since this is an offlist topic - please respond to me personally. I was going to include comments regarding my conversation with Steve, but because of the "listening" that may be occurring, I will keep my opinions to myself. I will though share Daily Graphs response to our email questions regarding use. Ed Gjertsen II ed@macktracks.com - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Patrick Wahl Sent: Wednesday, October 09, 2002 11:56 AM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] Worley's Weekend Weeview Nope, its not people willing to work in manufacturing jobs, its strictly an economic issue, and can American manufacturing compete with China and Korea and a few others, where people make a couple bucks a day. Mostly the answer is no. On 9 Oct 2002 at 9:22, Kelly Short wrote: > 1. Education is expensive and is/will get more expensive (even outpacing > inflation). Therefore more blue collar than white collar. 2. People keep having > children, people keep living longer, therefore (naturally) more people in the > bottom 50% of the socio-economic ladder. Most of these people will be engaged in > manual labor rather than services (at least historically) 3. America (and > increasingly the world) is a consumer of goods. Services do not create goods, > laborers create goods. - - - -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. ------------------------------ End of canslim-digest V2 #2973 ****************************** 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.