From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #2156 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 Sunday, February 24 2002 Volume 02 : Number 2156 In this issue: Re: [CANSLIM] Profit margin Re: [CANSLIM] Market, Nasdaq 100 Re: [CANSLIM] Market, Nasdaq 100 Re: [CANSLIM] Profit margin AW: [CANSLIM] Market, Nasdaq 100 AW: [CANSLIM] Market, Nasdaq 100 AW: [CANSLIM] Market, Nasdaq 100 Re: [CANSLIM] Market, Nasdaq 100 Re: AW: [CANSLIM] Market, Nasdaq 100 Re: [CANSLIM] Market, Nasdaq 100 Re: [CANSLIM] Market, Nasdaq 100 Re: [CANSLIM] Market, Nasdaq 100 Re: [CANSLIM] Market, Nasdaq 100 AW: [CANSLIM] Market, Nasdaq 100 ---------------------------------------------------------------------- Date: Sat, 23 Feb 2002 23:41:06 EST From: Spencer48@aol.com Subject: Re: [CANSLIM] Profit margin Tom: When sales don't grow much, and earnings do, couldn't this be because the profit margin has increased? And why do you believe (if you do) that this is relatively unimportant? Because of Enron? As an example of sales not growing nearly as fast as earnings, a company in the defense industry sells mainly to the government. Now their sales are not going to increase very much (because their main customer is the government); however, there are not too many competitors for what they are selling and the government wants (mainly maintenance/replenishment armaments-not anything whiz-bang). After 911 the governments demand for the products more immediately would create an urgency to buy. Therefore, assuming that the government wants the goods enough, sales would remain steady even as earnings increased-because the company could increase its profit margin (I'm not talking about gouging;the mark-up was relatively low before, and now-after 911-it is relatively high). So, if the chart looks good, wouldn't it be problematical to focus too much on the lack of sales increase by the company? jans In a message dated 2/23/2002 6:42:43 AM Eastern Standard Time, stkguru@netside.net writes: << When earnings grow without comparable growth in sales, it is a warning that it is a result of cost cutting efforts. And when sales grow without comparable earnings growth, it is a warning of price cutting or a shift towards lower margin products. >> - - - -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 23:49:07 EST From: Spencer48@aol.com Subject: Re: [CANSLIM] Market, Nasdaq 100 Tom: Now I know the secret of your "Virtual Reality Fund" success, and Dan's non-success. You have been using only 1 "i"; and Dan's been using 2 "i"'s. jans ;) In a message dated 2/23/2002 3:44:49 PM Eastern Standard Time, stkguru@netside.net writes: << why are you always so negative, Dan?? I presume from your posts that you are shorting the market, and from your tone apparently not so successfully. BTW, CANSLIM is spelled with only one "i" >> - - - -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: Sun, 24 Feb 2002 02:05:09 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Market, Nasdaq 100 Dave, I am sure there are numerous other methods that work for members. I concentrate on stocks hitting new highs, and it works for me. It is simple, takes a minimum of time (checking each stock in DGO for CS qualities), and has produced many profitable stocks in bad times and good. Tom Worley stkguru@netside.net AIM: TexWorley - ----- 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. ------------------------------ Date: Sun, 24 Feb 2002 02:25:04 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] Profit margin jans, Certainly, sales can remain flat while earnings grow and still be a positive. This normally would occur with a change in business activity as the company's product line shifts into higher margin products. The key is that when sales are flat, and earnings growing, you must carefully investigate what is going on. If it is a shift into higher margin products, then you must satisfy yourself that this can continue. If it is simply a result of cost cutting, then you must evaluate what this means for future growth. Tom Worley stkguru@netside.net AIM: TexWorley - ----- Original Message ----- From: To: Sent: Saturday, February 23, 2002 11:41 PM Subject: Re: [CANSLIM] Profit margin > Tom: > > When sales don't grow much, and earnings do, couldn't this be because > the profit margin has increased? And why do you believe (if you do) that > this is relatively unimportant? Because of Enron? > > As an example of sales not growing nearly as fast as earnings, a company > in the defense industry sells mainly to the government. Now their sales are > not going to increase very much (because their main customer is the > government); however, there are not too many competitors for what they are > selling and the government wants (mainly maintenance/replenishment > armaments-not anything whiz-bang). After 911 the governments demand for the > products more immediately would create an urgency to buy. > > Therefore, assuming that the government wants the goods enough, sales > would remain steady even as earnings increased-because the company could > increase its profit margin (I'm not talking about gouging;the mark-up was > relatively low before, and now-after 911-it is relatively high). So, if the > chart looks good, wouldn't it be problematical to focus too much on the lack > of sales increase by the company? > > jans > > > In a message dated 2/23/2002 6:42:43 AM Eastern Standard Time, > stkguru@netside.net writes: > > << When earnings grow > without comparable growth in sales, it is a warning that it is a result of > cost cutting efforts. And when sales grow without comparable earnings > growth, it is a warning of price cutting or a shift towards lower margin > products. >> > > - > -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: Sun, 24 Feb 2002 16:48:11 +0100 From: Andreas Himmelreich Subject: AW: [CANSLIM] Market, Nasdaq 100 what is the kiss rule? > -----Urspr=FCngliche Nachricht----- > Von: Dan Forant [SMTP:dforant1@nycap.rr.com] > Gesendet am: Saturday, February 23, 2002 9:41 PM > An: canslim@lists.xmission.com > Betreff: Re: [CANSLIM] Market, Nasdaq 100 > > Interpretation for the new Cansliim investors, don't stick your toes = in=20 the water unless you can do without them. I won't be steppin in puddles=20 till the carnage is over using Canslim. Long after reading HTMMIS, a = fairly=20 simple form of stock picking, many in this group would lead you to = believe=20 it's brain surgery. Remember the KISS rule. > > L8ter > DanF > ----- Original Message ----- > From: Katherine Malm > To: canslim@lists.xmission.com > 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=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: Patrick Wahl > To: canslim@lists.xmission.com > 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=20 sideway market, I > guess this would be similar to the market from the late 60's to = 1982,=20 so it is certainly > possible. Not very encouraging, I hope you are wrong on this one. = We were above > the long term growth trend of the market for so long that I = suppose a=20 below trend > period is due. > > (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 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=20 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=20 sideways > > market. We have several forces working in=20 tandem--monetary/inflation > > cycles, earnings cycles, global interconnectedness, innovation=20 cycles, > > human nature, fiscal policy, market cycles, etc. Despite the = fact=20 that > > 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 upon = it"=20 vs. > > "wish or hope that the market will go up." A CANSLIM discipline=20 works > > because it forces the trader/investor to read the signals and = act > > accordingly. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > << Datei: ATT00002.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. ------------------------------ Date: Sun, 24 Feb 2002 16:46:45 +0100 From: Andreas Himmelreich Subject: AW: [CANSLIM] Market, Nasdaq 100 Dito, as long there are trends (up or down) in certain areas, there will = be=20 tons of bucks to be made. And if its not the stock market its something=20 else (comodities had a great bull during the 70s). > -----Urspr=FCngliche Nachricht----- > Von: Katherine Malm [SMTP:kmalm@earthlink.net] > Gesendet am: Saturday, February 23, 2002 7:21 PM > An: canslim@lists.xmission.com > Betreff: Re: [CANSLIM] Market, 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 = 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 sid = =20 eways market will *force* us to be excellent investors and I can't see = that=20 that's a bad thing. > > Katherine > ----- Original Message ----- > From: Patrick Wahl > To: canslim@lists.xmission.com > 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=20 sideway market, I > guess this would be similar to the market from the late 60's to = 1982,=20 so it is certainly > possible. Not very encouraging, I hope you are wrong on this one. = We=20 were above > the long term growth trend of the market for so long that I suppose = a=20 below trend > period is due. > > (remember the books of a few years ago - Dow 30,000, and I think = there=20 was also a > 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=20 sideways > > market. We have several forces working in = tandem--monetary/inflation > > cycles, earnings cycles, global interconnectedness, innovation=20 cycles, > > human nature, fiscal policy, market cycles, etc. Despite the fact=20 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. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > << Datei: ATT00000.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. ------------------------------ Date: Sun, 24 Feb 2002 16:57:03 +0100 From: Andreas Himmelreich Subject: AW: [CANSLIM] Market, Nasdaq 100 Dan, I thought so too when I read the books from WON: Oh, that's easy. Its = easy,=20 but the market needs to be canslim like (like Nov - Dez last year). A business degree is not needed. I even have investment friends who tell = me: A business degree does hurt. Well I give them some credit, a lot of=20 fundamentalists who do not believe in technical stuff have learned that=20 stupidity in university and the random walk stuff comes also from=20 academics. But: I know some professors who also made it big time in the markets ... = In=20 15 years, I am hopefully one of them ;-) Andreas > -----Urspr=FCngliche Nachricht----- > Von: Dan Forant [SMTP:dforant1@nycap.rr.com] > Gesendet am: Saturday, February 23, 2002 11:07 PM > An: canslim@lists.xmission.com > Betreff: Re: [CANSLIM] Market, Nasdaq 100 > > Katherine, > > Well, we must agree to disagree here. Canslim is a simple system to=20 follow. It's book is just over 260 pages. Large print. All that is = needed=20 is knowing the general guidelines. A business degree from Harvard isn't=20 necessary. > > L8ter > DanF > ----- Original Message ----- > From: Katherine Malm > To: canslim@lists.xmission.com > 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=20 it 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: Dan Forant > To: canslim@lists.xmission.com > 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=20 in the water unless you can do without them. I won't be steppin in = puddles=20 till the carnage is over using Canslim. Long after reading HTMMIS, a = fairly=20 simple form of stock picking, many in this group would lead you to = believe=20 it's brain surgery. Remember the KISS rule. > > L8ter > DanF > ----- Original Message ----- > From: Katherine Malm > To: canslim@lists.xmission.com > 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=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: Patrick Wahl > To: canslim@lists.xmission.com > 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=20 sideway market, I > guess this would be similar to the market from the late 60's = to=20 1982, so it is certainly > possible. Not very encouraging, I hope you are wrong on this=20 one. We were above > the long term growth trend of the market for so long that I=20 suppose a below trend > period is due. > > (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 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=20 are not > > one and the same. I have never believed that we were headed=20 into a > > raging Bull as the '82-'00 but instead into a long 10-15 = year=20 sideways > > market. We have several forces working in=20 tandem--monetary/inflation > > cycles, earnings cycles, global interconnectedness, = innovation=20 cycles, > > human nature, fiscal policy, market cycles, etc. Despite the = fact that > > 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 = upon=20 it" vs. > > "wish or hope that the market will go up." A CANSLIM = discipline=20 works > > because it forces the trader/investor to read the signals = and=20 act > > accordingly. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > << Datei: ATT00006.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. ------------------------------ Date: Sun, 24 Feb 2002 11:12:32 -0500 From: "Al French" Subject: Re: [CANSLIM] Market, Nasdaq 100 > (remember the books of a few years ago - Dow 30,000, and I think there was > also a Dow 50,000. Wonder where the authors stand on this now.) > Jim Glassman lives here in Washington, DC and stands behind his forecast of a 30,000 Dow. It is simply a projection of the Dow's trend, inflation, and his belief that the long term future will look much like the past. I don't recall what time frame he used, but it was too long to be pertinent to what may be expected this year. Adjusted for inflation, a 30,000 Dow doesn't seem extreme, at least to someone who can remember nickel cokes and 75 cent haircuts. Al French - - - -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: Sun, 24 Feb 2002 11:21:16 -0500 From: "Gary F. Oakley" Subject: Re: AW: [CANSLIM] Market, Nasdaq 100 The kiss rule means "keep it simple stupid" in other words don't complicate= =20 it...Gary At 10:48 AM 24/02/02, you wrote: >what is the kiss rule? > > > -----Urspr=FCngliche Nachricht----- > > Von: Dan Forant [SMTP:dforant1@nycap.rr.com] > > Gesendet am: Saturday, February 23, 2002 9:41 PM > > An: canslim@lists.xmission.com > > Betreff: 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 ----- > > From: Katherine Malm > > To: canslim@lists.xmission.com > > 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 ----- > > From: Patrick Wahl > > To: canslim@lists.xmission.com > > 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 > > guess this would be similar to the market from the late 60's to= 1982, >so it is certainly > > possible. Not very encouraging, I hope you are wrong on this one. > We were above > > the long term growth trend of the market for so long that I suppose= a >below trend > > period is due. > > > > (remember the books of a few years ago - Dow 30,000, and I think >there was also a > > 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. > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > << Datei: ATT00002.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: Sun, 24 Feb 2002 11:28:52 -0500 From: "Dan Forant" Subject: Re: [CANSLIM] Market, Nasdaq 100 KISS.......Keep it simple stupid. L8ter DanF - ----- Original Message ----- From: "Andreas Himmelreich" To: Sent: Sunday, February 24, 2002 10:48 AM Subject: AW: [CANSLIM] Market, Nasdaq 100 what is the kiss rule? > -----Urspr=FCngliche Nachricht----- > Von: Dan Forant [SMTP:dforant1@nycap.rr.com] > Gesendet am: Saturday, February 23, 2002 9:41 PM > An: canslim@lists.xmission.com > Betreff: 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 fair= ly simple form of stock picking, many in this group would lead you to believ= e it's brain surgery. Remember the KISS rule. > > L8ter > DanF > ----- Original Message ----- > From: Katherine Malm > To: canslim@lists.xmission.com > 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 perio= d 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 ----- > From: Patrick Wahl > To: canslim@lists.xmission.com > 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 > guess this would be similar to the market from the late 60's to 198= 2, so it is certainly > possible. Not very encouraging, I hope you are wrong on this one. We were above > the long term growth trend of the market for so long that I suppose= a below trend > period is due. > > (remember the books of a few years ago - Dow 30,000, and I think there was also a > 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 ar= e 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. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > << Datei: ATT00002.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: Sun, 24 Feb 2002 11:48:21 -0500 From: "Dan Forant" Subject: Re: [CANSLIM] Market, Nasdaq 100 Andreas, Exactly my past points, the Canslim system needs the Market to contribute. Otherwise your just tinkering with Canslim. According to the NY Post toda= y, the earnings are going up in the 2nd 1/4 slightly and a big move in the 3= rd and 4th. Then again these are the same dudes that enlightened us with goo= d news for the past 2 years. Be wary, at this point I have more faith in technical analysis. L8ter DanF - ----- Original Message ----- From: "Andreas Himmelreich" To: Sent: Sunday, February 24, 2002 10:57 AM Subject: AW: [CANSLIM] Market, Nasdaq 100 Dan, I thought so too when I read the books from WON: Oh, that's easy. Its eas= y, but the market needs to be canslim like (like Nov - Dez last year). A business degree is not needed. I even have investment friends who tell me: A business degree does hurt. Well I give them some credit, a lot of fundamentalists who do not believe in technical stuff have learned that stupidity in university and the random walk stuff comes also from academics. But: I know some professors who also made it big time in the markets ... = In 15 years, I am hopefully one of them ;-) Andreas > -----Urspr=FCngliche Nachricht----- > Von: Dan Forant [SMTP:dforant1@nycap.rr.com] > Gesendet am: Saturday, February 23, 2002 11:07 PM > An: canslim@lists.xmission.com > Betreff: 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. > > L8ter > DanF > ----- Original Message ----- > From: Katherine Malm > To: canslim@lists.xmission.com > 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 rea= dy when the opportunity strikes, but have to select well, buy right AND sell right to make money. While the "rules" of CANSLIM are straightforward, th= ey are not *simplistic" and neither is the market nor the economy. > > Katherine > ----- Original Message ----- > From: Dan Forant > To: canslim@lists.xmission.com > Sent: Saturday, February 23, 2002 2:41 PM > Subject: Re: [CANSLIM] Market, Nasdaq 100 > > > Interpretation for the new Cansliim investors, don't stick your toe= s in the water unless you can do without them. I won't be steppin in puddle= s till the carnage is over using Canslim. Long after reading HTMMIS, a fair= ly simple form of stock picking, many in this group would lead you to believ= e it's brain surgery. Remember the KISS rule. > > L8ter > DanF > ----- Original Message ----- > From: Katherine Malm > To: canslim@lists.xmission.com > 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 perio= d 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 ----- > From: Patrick Wahl > To: canslim@lists.xmission.com > 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 yea= r sideway market, I > guess this would be similar to the market from the late 60's to 1982, so it is certainly > possible. Not very encouraging, I hope you are wrong on this one. We were above > the long term growth trend of the market for so long that I suppose a below trend > period is due. > > (remember the books of a few years ago - Dow 30,000, and I thin= k there was also a > 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 d= o, > > however, differentiate between "hope" and "what I see" as the= y 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, innovatio= n 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 discipli= ne works > > because it forces the trader/investor to read the signals and act > > accordingly. > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > << Datei: ATT00006.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: Sun, 24 Feb 2002 11:53:22 -0500 From: "Dan Forant" Subject: Re: [CANSLIM] Market, Nasdaq 100 To the opposite extreme, one analyst predicted a 5000 Dow this year. What causes me concern is their profession starts with anal. L8ter DanF - ----- Original Message ----- From: "Al French" To: Sent: Sunday, February 24, 2002 11:12 AM Subject: Re: [CANSLIM] Market, Nasdaq 100 > > (remember the books of a few years ago - Dow 30,000, and I think > there was > > also a Dow 50,000. Wonder where the authors stand on this > now.) > > > > Jim Glassman lives here in Washington, DC and stands behind his > forecast of a 30,000 Dow. It is simply a projection of the Dow's > trend, inflation, and his belief that the long term future will > look much like the past. I don't recall what time frame he used, > but it was too long to be pertinent to what may be expected this > year. > > Adjusted for inflation, a 30,000 Dow doesn't seem extreme, at > least to someone who can remember nickel cokes and 75 cent > haircuts. > > Al French > > > > > - > -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: Sun, 24 Feb 2002 10:11:34 -0700 From: "Patrick Wahl" Subject: Re: [CANSLIM] Market, Nasdaq 100 I guess everyone on this list has learned not to try to predict the market, just listen to what it is saying. On 24 Feb 2002 at 11:53, Dan Forant wrote: > To the opposite extreme, one analyst predicted a 5000 Dow this year. What > causes me concern is their profession starts with anal. > > L8ter > DanF > ----- Original Message ----- > From: "Al French" > To: > Sent: Sunday, February 24, 2002 11:12 AM > Subject: Re: [CANSLIM] Market, Nasdaq 100 > > > > > (remember the books of a few years ago - Dow 30,000, and I think > > there was > > > also a Dow 50,000. Wonder where the authors stand on this > > now.) > > > > > > > Jim Glassman lives here in Washington, DC and stands behind his > > forecast of a 30,000 Dow. It is simply a projection of the Dow's > > trend, inflation, and his belief that the long term future will > > look much like the past. I don't recall what time frame he used, > > but it was too long to be pertinent to what may be expected this > > year. > > > > Adjusted for inflation, a 30,000 Dow doesn't seem extreme, at > > least to someone who can remember nickel cokes and 75 cent > > haircuts. > > > > Al French > > > > > > > > > > - > > -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: Sun, 24 Feb 2002 18:11:23 +0100 From: Andreas Himmelreich Subject: AW: [CANSLIM] Market, Nasdaq 100 Dan, On the same page: Canslim is a method in within a system that contains=20 other methods. Every method has its time, so - theoretical - there is no = time you can not make money. Nevertheless I can understand if one says: Canslim is my system and I = stick=20 to it. Best Regards Andreas > -----Urspr=FCngliche Nachricht----- > Von: Dan Forant [SMTP:dforant1@nycap.rr.com] > Gesendet am: Sunday, February 24, 2002 5:48 PM > An: canslim@lists.xmission.com > Betreff: Re: [CANSLIM] Market, Nasdaq 100 > > Andreas, > > Exactly my past points, the Canslim system needs the Market to=20 contribute. > Otherwise your just tinkering with Canslim. According to the NY Post=20 today, > the earnings are going up in the 2nd 1/4 slightly and a big move in = the=20 3rd > and 4th. Then again these are the same dudes that enlightened us with=20 good > news for the past 2 years. Be wary, at this point I have more faith in > technical analysis. > > L8ter > DanF > ----- Original Message ----- > From: "Andreas Himmelreich" > To: > Sent: Sunday, February 24, 2002 10:57 AM > Subject: AW: [CANSLIM] Market, Nasdaq 100 > > > Dan, > > I thought so too when I read the books from WON: Oh, that's easy. Its=20 easy, > but the market needs to be canslim like (like Nov - Dez last year). > > A business degree is not needed. I even have investment friends who = tell > me: > A business degree does hurt. Well I give them some credit, a lot of > fundamentalists who do not believe in technical stuff have learned = that > stupidity in university and the random walk stuff comes also from > academics. > > But: I know some professors who also made it big time in the markets = ...=20 In > 15 years, I am hopefully one of them ;-) > > Andreas > > > > -----Urspr=FCngliche Nachricht----- > > Von: Dan Forant [SMTP:dforant1@nycap.rr.com] > > Gesendet am: Saturday, February 23, 2002 11:07 PM > > An: canslim@lists.xmission.com > > Betreff: 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. > > > > L8ter > > DanF > > ----- Original Message ----- > > From: Katherine Malm > > To: canslim@lists.xmission.com > > 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=20 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 ----- > > From: Dan Forant > > To: canslim@lists.xmission.com > > Sent: Saturday, February 23, 2002 2:41 PM > > Subject: Re: [CANSLIM] Market, Nasdaq 100 > > > > > > Interpretation for the new Cansliim investors, don't stick your=20 toes > in the water unless you can do without them. I won't be steppin in=20 puddles > till the carnage is over using Canslim. Long after reading HTMMIS, a=20 fairly > simple form of stock picking, many in this group would lead you to=20 believe > it's brain surgery. Remember the KISS rule. > > > > L8ter > > DanF > > ----- Original Message ----- > > From: Katherine Malm > > To: canslim@lists.xmission.com > > 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=20 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 ----- > > From: Patrick Wahl > > To: canslim@lists.xmission.com > > 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=20 year > sideway market, I > > guess this would be similar to the market from the late 60's = to > 1982, so it is certainly > > possible. Not very encouraging, I hope you are wrong on = this > one. We were above > > the long term growth trend of the market for so long that I > suppose a below trend > > period is due. > > > > (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 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=20 do, > > > however, differentiate between "hope" and "what I see" as=20 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,=20 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=20 discipline > works > > > because it forces the trader/investor to read the signals = and > act > > > accordingly. > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > << Datei: ATT00006.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. - - - -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 #2156 ****************************** 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.