From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #2155 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 Saturday, February 23 2002 Volume 02 : Number 2155 In this issue: Re: [CANSLIM] Market, Nasdaq 100 Re: [CANSLIM] Market, Nasdaq 100 Re: [CANSLIM] Market, Nasdaq 100 Protect your Children from Internet Abuse Re: [CANSLIM] Market, Nasdaq 100 ---------------------------------------------------------------------- Date: Sat, 23 Feb 2002 17:07:04 -0500 From: "Dan Forant" Subject: Re: [CANSLIM] Market, Nasdaq 100 This is a multi-part message in MIME format. - ------=_NextPart_000_00A9_01C1BC8C.846F1400 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Katherine, Well, we must agree to disagree here. Canslim is a simple system to = follow. It's book is just over 260 pages. Large print. All that is = needed is knowing the general guidelines. A business degree from Harvard = isn't necessary.=20 L8ter DanF ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Saturday, February 23, 2002 3:47 PM Subject: Re: [CANSLIM] Market, Nasdaq 100 Dan, I'd say there's a world of difference between "brain surgery" and "a = thinking person's system." On the same note, I wouldn't oversimplify = what it takes to implement CANSLIM effectively. Not only do you have to = be ready when the opportunity strikes, but have to select well, buy = right AND sell right to make money. While the "rules" of CANSLIM are = straightforward, they are not *simplistic" and neither is the market nor = the economy. Katherine ----- Original Message -----=20 From: Dan Forant=20 To: canslim@lists.xmission.com=20 Sent: Saturday, February 23, 2002 2:41 PM Subject: Re: [CANSLIM] Market, Nasdaq 100 Interpretation for the new Cansliim investors, don't stick your toes = in the water unless you can do without them. I won't be steppin in = puddles till the carnage is over using Canslim. Long after reading = HTMMIS, a fairly simple form of stock picking, many in this group would = lead you to believe it's brain surgery. Remember the KISS rule. L8ter DanF ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Saturday, February 23, 2002 1:21 PM Subject: Re: [CANSLIM] Market, Nasdaq 100 Hi Patrick, The sideways market seems the most plausible scenario given the = confluence of economic/business/market/innovation cycles. What is most = interesting about this, however, is that although at the end of the = period the real returns on the market may be even, within that sideways = market there are waves of stock/industry movement to ride up and down. A = discipline like CANSLIM will allow us to make money during this type of = market but doesn't allow for the sloppiness in candidate mining/due = diligence/entry/exit afforded us by a Great Bull run. I just think a = sideways market will *force* us to be excellent investors and I can't = see that that's a bad thing. Katherine ----- Original Message -----=20 From: Patrick Wahl=20 To: canslim@lists.xmission.com=20 Sent: Saturday, February 23, 2002 11:19 AM Subject: Re: [CANSLIM] Market, Nasdaq 100 I've seen several people make the same forecast for a 10-15 year = sideway market, I=20 guess this would be similar to the market from the late 60's to = 1982, so it is certainly=20 possible. Not very encouraging, I hope you are wrong on this = one. We were above=20 the long term growth trend of the market for so long that I = suppose a below trend=20 period is due. =20 (remember the books of a few years ago - Dow 30,000, and I think = there was also a=20 Dow 50,000. Wonder where the authors stand on this now.) On 22 Feb 2002 at 17:11, Katherine Malm wrote: > I remember your remark, Fred, and I heed well the advise. I = do, > however, differentiate between "hope" and "what I see" as they = are not > one and the same. I have never believed that we were headed = into a > raging Bull as the '82-'00 but instead into a long 10-15 year = sideways > market. We have several forces working in = tandem--monetary/inflation > cycles, earnings cycles, global interconnectedness, innovation = cycles, > human nature, fiscal policy, market cycles, etc. Despite the = fact that > I was not investing during the last 100 years, I have studied = market > history. For that reason, I simply "read what is and act upon = it" vs. > "wish or hope that the market will go up." A CANSLIM = discipline works > because it forces the trader/investor to read the signals and = act > accordingly.=20 - -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_00A9_01C1BC8C.846F1400 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Katherine,
 
Well, we must agree to disagree here. = Canslim is a=20 simple system to follow. It's book is just over 260 pages. Large print. = All that=20 is needed is knowing the general guidelines. A business degree from = Harvard=20 isn't necessary.
 
L8ter
DanF
----- Original Message -----
From:=20 Katherine=20 Malm
To: canslim@lists.xmission.com=
Sent: Saturday, February 23, = 2002 3:47=20 PM
Subject: Re: [CANSLIM] Market, = Nasdaq=20 100

Dan,
 
I'd say there's a world of difference between "brain surgery" and = "a=20 thinking person's system." On the same note, I wouldn't oversimplify = what it=20 takes to implement CANSLIM effectively. Not only do you have to be = ready when=20 the opportunity strikes, but have to select well, buy right AND sell = right to=20 make money. While the "rules" of CANSLIM are straightforward, they are = not=20 *simplistic" and neither is the market nor the economy.
 
Katherine
----- Original Message -----
From:=20 Dan=20 Forant
Sent: Saturday, February 23, = 2002 2:41=20 PM
Subject: Re: [CANSLIM] = Market, Nasdaq=20 100

Interpretation for the new Cansliim = investors,=20 don't stick your toes in the water unless you can do without them. I = won't=20 be steppin in puddles till the carnage is over using Canslim. Long = after=20 reading HTMMIS, a fairly simple form of stock picking, many in this = group=20 would lead you to believe it's brain surgery. Remember the KISS=20 rule.
 
L8ter
DanF
----- Original Message ----- =
From:=20 Katherine=20 Malm
To: canslim@lists.xmission.com= =20
Sent: Saturday, February = 23, 2002=20 1:21 PM
Subject: Re: [CANSLIM] = Market, Nasdaq=20 100

Hi Patrick,
 
The sideways market seems the most plausible scenario given = the=20 confluence of economic/business/market/innovation cycles. What is = most=20 interesting about this, however, is that although at the end of = the period=20 the real returns on the market may be even, within that sideways = market=20 there are waves of stock/industry movement to ride up and down. A=20 discipline like CANSLIM will allow us to make money during this = type of=20 market but doesn't allow for the sloppiness in candidate = mining/due=20 diligence/entry/exit afforded us by a Great Bull run. I just think = a=20 sideways market will *force* us to be excellent investors and I = can't see=20 that that's a bad thing.
 
Katherine
----- Original Message ----- =
From:=20 Patrick=20 Wahl
To: canslim@lists.xmission.com= =20
Sent: Saturday, February = 23, 2002=20 11:19 AM
Subject: Re: [CANSLIM] = Market,=20 Nasdaq 100

I've seen several people make the same forecast = for a=20 10-15 year sideway market, I
guess this would be similar to = the=20 market from the late 60's to 1982, so it is certainly=20
possible.  Not very encouraging, I hope you are wrong = on this=20 one.  We were above
the long term growth trend of the = market=20 for so long that I suppose a below trend
period is = due. =20

(remember the books of a few years ago - Dow 30,000, and = I think=20 there was also a
Dow 50,000.  Wonder where the authors = stand on=20 this now.)

On 22 Feb 2002 at 17:11, Katherine Malm=20 wrote:

> I remember your remark, Fred, and I heed well = the=20 advise. I do,
> however, differentiate between "hope" and = "what I=20 see" as they are not
> one and the same. I have never = believed=20 that we were headed into a
> raging Bull as the '82-'00 = but=20 instead into a long 10-15 year sideways
> market. We have = several=20 forces working in tandem--monetary/inflation
> cycles, = earnings=20 cycles, global interconnectedness, innovation cycles,
> = human=20 nature, fiscal policy, market cycles, etc. Despite the fact = that
>=20 I was not investing during the last 100 years, I have studied=20 market
> history. For that reason, I simply "read what is = and act=20 upon it" vs.
> "wish or hope that the market will go up." = A=20 CANSLIM discipline works
> because it forces the = trader/investor=20 to read the signals and act
> accordingly. =


-
-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.
- ------=_NextPart_000_00A9_01C1BC8C.846F1400-- - - - -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: Sat, 23 Feb 2002 16:28:06 -0600 From: "Katherine Malm" Subject: Re: [CANSLIM] Market, Nasdaq 100 This is a multi-part message in MIME format. - ------=_NextPart_000_0089_01C1BC87.12ACB5C0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Dan, Agreed that a business degree from Harvard is not necessary.=20 I would also add, if CANSLIM is so "simple" then why is there a paper = published each and every market day that continues to print lessons, an = IBD advanced investment seminar at least twice a year, an updated = edition of HTMMIS every so often, lists devoted to the CANSLIM = discipline? Why is it that WON continues to refine and add to his lists = of indicators or his market FTD rules? Why is it that each and every = person who follows the CANSLIM discipline has not garnered at least a = 25% compounded annual return each and every year? Because, while the = *rules* are simple as you suggest, the *implementation* is not. There is = always something new to learn, always a new "twist" on interpretation, = always a new economic/business/market backdrop unfolding and the = investor must always be intelligently conscious of these things.=20 To the notion of "beating the bushes," I believe that an intelligent = investor is always preparing for the market to go *either* direction and = then willing to take trades in the appropriate direction (or if they = don't short to stand aside). To idly sit by and discontinue mining for = quality candidates because the market is in a downdraft is mindless and = inappropriate whether a CANSLIMer or anything else.=20 Katherine ----- Original Message -----=20 From: Dan Forant=20 To: canslim@lists.xmission.com=20 Sent: Saturday, February 23, 2002 4:07 PM Subject: Re: [CANSLIM] Market, Nasdaq 100 Katherine, Well, we must agree to disagree here. Canslim is a simple system to = follow. It's book is just over 260 pages. Large print. All that is = needed is knowing the general guidelines. A business degree from Harvard = isn't necessary.=20 L8ter DanF ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Saturday, February 23, 2002 3:47 PM Subject: Re: [CANSLIM] Market, Nasdaq 100 Dan, I'd say there's a world of difference between "brain surgery" and "a = thinking person's system." On the same note, I wouldn't oversimplify = what it takes to implement CANSLIM effectively. Not only do you have to = be ready when the opportunity strikes, but have to select well, buy = right AND sell right to make money. While the "rules" of CANSLIM are = straightforward, they are not *simplistic" and neither is the market nor = the economy. Katherine ----- Original Message -----=20 From: Dan Forant=20 To: canslim@lists.xmission.com=20 Sent: Saturday, February 23, 2002 2:41 PM Subject: Re: [CANSLIM] Market, Nasdaq 100 Interpretation for the new Cansliim investors, don't stick your = toes in the water unless you can do without them. I won't be steppin in = puddles till the carnage is over using Canslim. Long after reading = HTMMIS, a fairly simple form of stock picking, many in this group would = lead you to believe it's brain surgery. Remember the KISS rule. L8ter DanF ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Saturday, February 23, 2002 1:21 PM Subject: Re: [CANSLIM] Market, Nasdaq 100 Hi Patrick, The sideways market seems the most plausible scenario given the = confluence of economic/business/market/innovation cycles. What is most = interesting about this, however, is that although at the end of the = period the real returns on the market may be even, within that sideways = market there are waves of stock/industry movement to ride up and down. A = discipline like CANSLIM will allow us to make money during this type of = market but doesn't allow for the sloppiness in candidate mining/due = diligence/entry/exit afforded us by a Great Bull run. I just think a = sideways market will *force* us to be excellent investors and I can't = see that that's a bad thing. Katherine ----- Original Message -----=20 From: Patrick Wahl=20 To: canslim@lists.xmission.com=20 Sent: Saturday, February 23, 2002 11:19 AM Subject: Re: [CANSLIM] Market, Nasdaq 100 I've seen several people make the same forecast for a 10-15 = year sideway market, I=20 guess this would be similar to the market from the late 60's = to 1982, so it is certainly=20 possible. Not very encouraging, I hope you are wrong on this = one. We were above=20 the long term growth trend of the market for so long that I = suppose a below trend=20 period is due. =20 (remember the books of a few years ago - Dow 30,000, and I = think there was also a=20 Dow 50,000. Wonder where the authors stand on this now.) On 22 Feb 2002 at 17:11, Katherine Malm wrote: > I remember your remark, Fred, and I heed well the advise. I = do, > however, differentiate between "hope" and "what I see" as = they are not > one and the same. I have never believed that we were headed = into a > raging Bull as the '82-'00 but instead into a long 10-15 = year sideways > market. We have several forces working in = tandem--monetary/inflation > cycles, earnings cycles, global interconnectedness, = innovation cycles, > human nature, fiscal policy, market cycles, etc. Despite the = fact that > I was not investing during the last 100 years, I have = studied market > history. For that reason, I simply "read what is and act = upon it" vs. > "wish or hope that the market will go up." A CANSLIM = discipline works > because it forces the trader/investor to read the signals = and act > accordingly.=20 - -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_0089_01C1BC87.12ACB5C0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Dan,
 
Agreed that a business degree from Harvard is not necessary.
 
I would also add, if CANSLIM is so "simple" then why is there a = paper=20 published each and every market day that continues to print lessons, an = IBD=20 advanced investment seminar at least twice a year, an updated edition of = HTMMIS=20 every so often, lists devoted to the CANSLIM discipline? Why is it that = WON=20 continues to refine and add to his lists of indicators or his market FTD = rules?=20 Why is it that each and every person who follows the CANSLIM discipline = has not=20 garnered at least a 25% compounded annual return each and every = year?=20 Because, while the *rules* are simple as you suggest, the = *implementation* is=20 not. There is always something new to learn, always a new "twist" on=20 interpretation, always a new economic/business/market backdrop unfolding = and the=20 investor must always be intelligently conscious of these things.
 
To the notion of "beating the bushes," I believe that an = intelligent=20 investor is always preparing for the market to go *either* direction and = then=20 willing to take trades in the appropriate direction (or if they = don't short=20 to stand aside). To idly sit by and discontinue mining for quality = candidates=20 because the market is in a downdraft is mindless and inappropriate = whether=20 a CANSLIMer or anything else. 
 
Katherine
----- Original Message -----
From:=20 Dan=20 Forant
To: canslim@lists.xmission.com=
Sent: Saturday, February 23, = 2002 4:07=20 PM
Subject: Re: [CANSLIM] Market, = Nasdaq=20 100

Katherine,
 
Well, we must agree to disagree here. = Canslim is=20 a simple system to follow. It's book is just over 260 pages. Large = print. All=20 that is needed is knowing the general guidelines. A business degree = from=20 Harvard isn't necessary.
 
L8ter
DanF
----- Original Message -----
From:=20 Katherine=20 Malm
Sent: Saturday, February 23, = 2002 3:47=20 PM
Subject: Re: [CANSLIM] = Market, Nasdaq=20 100

Dan,
 
I'd say there's a world of difference between "brain surgery" = and "a=20 thinking person's system." On the same note, I wouldn't oversimplify = what it=20 takes to implement CANSLIM effectively. Not only do you have to be = ready=20 when the opportunity strikes, but have to select well, buy right AND = sell=20 right to make money. While the "rules" of CANSLIM are = straightforward, they=20 are not *simplistic" and neither is the market nor the = economy.
 
Katherine
----- Original Message ----- =
From:=20 Dan=20 Forant
To: canslim@lists.xmission.com= =20
Sent: Saturday, February = 23, 2002=20 2:41 PM
Subject: Re: [CANSLIM] = Market, Nasdaq=20 100

Interpretation for the new = Cansliim=20 investors, don't stick your toes in the water unless you can do = without=20 them. I won't be steppin in puddles till the carnage is over using = Canslim. Long after reading HTMMIS, a fairly simple form of stock = picking,=20 many in this group would lead you to believe it's brain surgery. = Remember=20 the KISS rule.
 
L8ter
DanF
----- Original Message ----- =
From:=20 Katherine=20 Malm
To: canslim@lists.xmission.com= =20
Sent: Saturday, February = 23, 2002=20 1:21 PM
Subject: Re: [CANSLIM] = Market,=20 Nasdaq 100

Hi Patrick,
 
The sideways market seems the most plausible scenario given = the=20 confluence of economic/business/market/innovation cycles. What = is most=20 interesting about this, however, is that although at the end of = the=20 period the real returns on the market may be even, within that = sideways=20 market there are waves of stock/industry movement to ride up and = down. A=20 discipline like CANSLIM will allow us to make money during this = type of=20 market but doesn't allow for the sloppiness in candidate = mining/due=20 diligence/entry/exit afforded us by a Great Bull run. I just = think a=20 sideways market will *force* us to be excellent investors and I = can't=20 see that that's a bad thing.
 
Katherine
----- Original Message ----- =
From:=20 Patrick=20 Wahl
To: canslim@lists.xmission.com= =20
Sent: Saturday, = February 23, 2002=20 11:19 AM
Subject: Re: [CANSLIM] = Market,=20 Nasdaq 100

I've seen several people make the same forecast = for a=20 10-15 year sideway market, I
guess this would be similar = to the=20 market from the late 60's to 1982, so it is certainly=20
possible.  Not very encouraging, I hope you are wrong = on this=20 one.  We were above
the long term growth trend of the = market=20 for so long that I suppose a below trend
period is = due. =20

(remember the books of a few years ago - Dow 30,000, = and I=20 think there was also a
Dow 50,000.  Wonder where the = authors=20 stand on this now.)

On 22 Feb 2002 at 17:11, Katherine = Malm=20 wrote:

> I remember your remark, Fred, and I heed = well the=20 advise. I do,
> however, differentiate between "hope" = and "what=20 I see" as they are not
> one and the same. I have never = believed=20 that we were headed into a
> raging Bull as the '82-'00 = but=20 instead into a long 10-15 year sideways
> market. We = have=20 several forces working in tandem--monetary/inflation
> = cycles,=20 earnings cycles, global interconnectedness, innovation = cycles,
>=20 human nature, fiscal policy, market cycles, etc. Despite the = fact=20 that
> I was not investing during the last 100 years, I = have=20 studied market
> history. For that reason, I simply = "read what=20 is and act upon it" vs.
> "wish or hope that the market = will go=20 up." A CANSLIM discipline works
> because it forces the=20 trader/investor to read the signals and act
> = accordingly.=20


-
-To 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.
- ------=_NextPart_000_0089_01C1BC87.12ACB5C0-- - - - -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: Sat, 23 Feb 2002 18:04:44 EST From: Davellil5@aol.com Subject: Re: [CANSLIM] Market, Nasdaq 100 Greetings, all! Even with stocks that meet or come close to conformance with the CANSLIM criteria, there are always "negatives" that have to be weighed in the balance for a "go-nogo" decision on buying. Nevertheless, don't all of you eat your hearts out -- as I do -- when you see the charts of hundreds of stocks that have had healthy rises even in the spooky market of the past year, that you didn't spot when they began to climb? My quest is to find a "hunting" (or as Katherine calls it a "mining") method that will identify a reasonable number of those potential climbers early on. A healthy discussion of hunting techniques in these emails might be beneficial at this point in time. Dave Schwartz << >> - - - -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: Sat, 23 Feb 2002 16:12:10 +-0500 From: "Fred" Subject: Protect your Children from Internet Abuse Introducing the PayPal Visa!

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------------------------------ Date: Sat, 23 Feb 2002 20:06:58 -0500 From: "Dan Forant" Subject: Re: [CANSLIM] Market, Nasdaq 100 Dave, Good idea. Why not share our mining adventures. I use TC2000 and TCscan+ along with sources from Toms weekend report and scans from my software, plus others posted here. I like using TA's like MACD and Stochastic, along with candlestick signal patterns. I only do short term trading at this point because of the financials earnings flap. We're seeing revisions of the estimates and guestamates. I have more faith in the TA's at this point than fundamentals. L8ter DanF - ----- Original Message ----- From: To: ; Sent: Saturday, February 23, 2002 6:04 PM Subject: Re: [CANSLIM] Market, Nasdaq 100 > Greetings, all! > > Even with stocks that meet or come close to conformance with the CANSLIM > criteria, there are always "negatives" that have to be weighed in the > balance for a "go-nogo" decision on buying. Nevertheless, don't all of you > eat your hearts out -- as I do -- when you see the charts of hundreds of > stocks that have had healthy rises even in the spooky market of the past > year, that you didn't spot when they began to climb? > > My quest is to find a "hunting" (or as Katherine calls it a "mining") method > that will identify a reasonable number of those potential climbers early on. > A healthy discussion of hunting techniques in these emails might be > beneficial at this point in time. > > Dave Schwartz > > << >> > > > - > -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 #2155 ****************************** 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.