From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #2164 Reply-To: canslim Sender: owner-canslim-digest@lists.xmission.com Errors-To: owner-canslim-digest@lists.xmission.com Precedence: bulk Content-Transfer-Encoding: quoted-printable X-No-Archive: yes canslim-digest Monday, February 25 2002 Volume 02 : Number 2164 In this issue: Re: [CANSLIM] Date: Sun, 24 Feb 2002 15:11:27 -0500 Re: [CANSLIM] Date: Sun, 24 Feb 2002 15:11:27 -0500 Re: [CANSLIM] Date: Sun, 24 Feb 2002 15:11:27 -0500 RE: [CANSLIM] Date: Sun, 24 Feb 2002 15:11:27 -0500 ---------------------------------------------------------------------- Date: Mon, 25 Feb 2002 08:54:47 -0600 From: "Katherine Malm" Subject: Re: [CANSLIM] Date: Sun, 24 Feb 2002 15:11:27 -0500 This is a multi-part message in MIME format. - ------=_NextPart_000_0175_01C1BDDA.13DDAEA0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi John, Perhaps the better question is "what is there to be *gained* by doing = so?" I believe the answer is "nothing."=20 To me, it is an issue of privacy and has the same good/bad as revealing = returns. To some, if they know what you are looking at and holding, it = is considered bragging, to others it is a sign of weakness because they = would never have chosen that stock. It's a no win situation when a = person is forced to walk that line and I don't want to put myself in a = position where others are judging my *actions.* Let them judge or = disagree with my point of view, that's the risk in putting it out there, = but to set people up to judge their actions is dangerous. I grade my = actions each and every day when I write in my trading journal. I see no = value in having *others* grade me, however. Another issue has to do with = influence or bias. It's the same reason that I no longer watch CNBC or = CNN. The bias in the reporting far outweighs the content. (Not to = mention I couldn't take hearing Maria say "this stock's on fire" one = more time!)=20 Katherine ----- Original Message -----=20 From: Cefaloni, John L Jr. [AMSTA-AR-WEA]=20 To: 'canslim@lists.xmission.com'=20 Sent: Monday, February 25, 2002 8:06 AM Subject: RE: [CANSLIM] Date: Sun, 24 Feb 2002 15:11:27 -0500 Katherine, With all due respect, what harm would be done to your portfolio by = revealing what stocks you are looking to buy/short - or at least what = stocks you just bought/shorted?=20 John C. -----Original Message----- From: Katherine Malm [mailto:kmalm@earthlink.net] Sent: Monday, February 25, 2002 8:54 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Date: Sun, 24 Feb 2002 15:11:27 -0500 Morning, Tom. It was a funny thing admitting those feelings to the list as I don't = think I had even admitted it to myself in quite those words. But the = truth is, I'll go out of my way to help absolutely anybody, share what I = know so that others can become better investors, and ask plenty of = questions and listen in order to learn from others and become a better = investor myself. But by golly....when it comes to my money and the = issue of privacy....I look at it very differently. There are only of = couple of things I *won't* do....discuss specifics on performance, tell = people what stocks I'm looking to buy/short, or reveal the positions I'm = currently in. Short list, but that's just part of the guidelines I've = set.=20 I can't say I'm all that thrilled about the list turning into some = big "collective mining effort," but Duke's a sport for bringing it up = and I admire his in-your-face attitude about getting the effort underway = as there *are* list members who will benefit.=20 Have a great day, Katherine ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Monday, February 25, 2002 5:36 AM Subject: Re: [CANSLIM] Date: Sun, 24 Feb 2002 15:11:27 -0500 Katherine, I am quite willing to admit the same thing, I put a = huge amount of work into my investing, and intend that I benefit from = it. My style is strictly my own, and I have found that since I gave up = handling retail clients that I make far better decisions for myself = without the responsibility for others. I am sure many members must have = thought I was insane a few weeks ago when I mentioned that I not only = fully invested my cash acct, but went to the full margin limits as well. = Despite a very dismal "M" since then, I am up over 13% (and yeah, for = the doubters I can prove it) and could once again cash out and sit in a = money market for the rest of the year. But I don't expect to do that, = since I prefer to be invested than in cash. Profits can be made on the long side even in a poor market, even = if shorting, with its higher risks, may be easier. So long as I continue = to enjoy the challenge, and need to earn extra money, and it continues = to work for me, I will pursue my style of investing but not share my = stock picks. Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Sunday, February 24, 2002 7:10 PM Subject: Re: [CANSLIM] Date: Sun, 24 Feb 2002 15:11:27 -0500 Hi Duke, I believe that what you are suggesting is something that already = goes on quite frequently on the list. That is, people share their read = on a stock from both fundamental and technical perspectives. These = "examples" as you call them are instructive and I agree with you on that = count. I have 3 binders full of "lessons" that I've acquired over the = years from others, from my own observations/successes/failures, from the = IBD, from 2 of the advanced IBD seminars and from this list. But I still = won't submit a stock and say "you should buy this because xyz." While I = am looking to enter a trade or while I am in the trade I really don't = want to attract *more* eyes to the stock. I would prefer that we = accomplish what you are suggesting by doing post analysis instead. And = honestly, why should I submit the conclusions of all my hard work in = stock selection so that others (especially non-contributors) can make = money? I'll gladly share knowledge and take on a debate so as to learn = something, but I won't share stock picks. I'm sure there are others who = feel the same but are less willing to admit it publicly. Katherine ----- Original Message -----=20 From: Duke Miller=20 To: canslim@lists.xmission.com=20 Sent: Sunday, February 24, 2002 5:50 PM Subject: RE: [CANSLIM] Date: Sun, 24 Feb 2002 15:11:27 -0500 Katherine: I understand TOTALLY your opinion; I joined this list for many = of the same reasons you did. =20 But...your rationale for joining this list only SUPPORTS my = concept. What better way to become adept and expand your horizons = regarding CANSLIM than with real life, actual examples, I.e., our = LIMITED submissions of potential CANSLIM stocks (not "stock picks") for = the Mother List? =20 Have you been to a CANSLIM seminar? I don't know about you, = but 90% of my takeaway is in the form of actual charts illustrating real = life situations with notes as to the discussions. I see a lot of that = in the Mother list: Forcing "members" to justify their picks before = they make this list has immense educational potential. In other words, = don't tell us you think this is a good pick....tell us WHY! So, my intent is NOT to have the concept become a list of = stock picks. Rather, a list of stocks that students of CANSLIM are dxxn = near willing to fight for; stocks they don't want to see removed from = the list for this reason or that; stocks they (and all others) can = potentially make money on. My wording about "CANSLIM this and CANSLIM = that" was poorly chosen. I didn't mean to imply boredom. But if all = that CANSLIM this and CANSLIM that is backed up by actual real life, = this is my money examples....won't it mean more? (Not to beat a dead horse, but did you see in the Sunday WSJ = that Southwest Airlines is going to change their system. No more = colored boarding cards. Even they are looking at the world a bit = differently.) Debate on! Duke -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm Sent: Sunday, February 24, 2002 6:20 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Date: Sun, 24 Feb 2002 15:11:27 -0500 Hi Duke, I've been mulling over your "mother of all lists" idea all = day. I understand your desire to share "collective wisdom" regarding = stock picks, but I don't agree with it, for the same reason you listed = in your comment (b). Even more so, however, when I was reviewing = archives in many communities in order to decide which list to join, one = of the things I looked for was a community that hadn't reduced = discussion of CANSLIM down to endless stock "picks" but instead a = discussion of the underlying principles that make CANSLIM tick; = processes for finding and evaluating stocks; clarifications of investing = concepts; and practice in the interpretation of technicals, = fundamentals, market health and CANSLIM guidelines. While some may argue = that such discussion makes CANSLIM overly complex, I think this is = precisely what makes this a community that helps to build knowledgeable = CANSLIMers. In my mind, it is the exchange of ideas and viewpoints, not = stock picks, which creates value. Southwest Airlines has had many copycat competitors over the = years, attracted to the business by the notion that following = Southwest's "simple" approach to flying was easy and repeatable. All of = the early copycats' businesses failed because they did not understand = the most important part of Southwest's strategy, i.e., that many = dedicated people work exceptionally hard and utilize a complex = systematic approach to doing business that *appears* to be simple to the = customers who fly with them. Katherine ----- Original Message -----=20 From: Duke Miller=20 To: Canslim@Lists. Xmission. Com=20 Sent: Sunday, February 24, 2002 2:12 PM Subject: [CANSLIM] Date: Sun, 24 Feb 2002 15:11:27 -0500 Being new to this list, I'd like to share a few = observations and proffer a what-if. a) Working through this market, tugging constantly with = my buy checklist, it helps to have company that's a) knowledgeable, b) = successful (or committed to striving for it), and c) CERTAINLY unbiased! b) The debate herein over the merits of CANSLIM-this = and/or CANSLIM-that is unending (as it should be). The arguments haven't changed = since the concept was developed. NO matter how hard we try to stay between = the lines, we each have our own variation(s), don't we? c) It seems we're all watch-listing and waiting, ever = confident the market's going to eventually break out ONLY when it's = ready to. I agree with Katherine, that we can certainly "mine" some winners these = days. I've got two that are showing promise, buy a dozen more I've been = "whipsawed" out of. (One thing WON taught me is not to "hide" from my = blunders, rather study and learn from them. I still hate doing that!) I think you'll all agree, trying to unearth the one stock = in four that doesn't shake us out unmercifully in this market we're in = is not fun. So here's a what if from the glistening Gulf shores of Anna = Maria Island: Is it conceivable we might better devote our time to = channeling our collective energies toward building "all-star" watch list? One that, = when the M does turn, we can be ready in the wings? Forgive me if the thought isn't totally developed yet (or = original to this group), but what if...those interested "sign up" to each = "nominate" one, two, or three personal-favorite watch stocks. Ones you'd = buy for your own mother! (The "mother" of all lists???) And we take that = list, follow its contents' progress together and, on-going, "debate" the = merits of each "nomination," old or new. Just today we got lists from Tim and John; I wonder which = three from each list they'd nominate for the Mother List? IMHO, this: a) would help us expand and refine our own = lists; b) steepen our CANSLIM learning curves via the debates; c) benefit all of = us when the tide(s) turn; and c), would be a source for a little fun = (while we wait for M)! If there's enough interest, I'll be glad to suggest a = nomination checklist which we can improvise as we go along, etc, etc, etc. So = what do you think? A final note: I'm out of town until Thursday, but will be = monitoring as best I can from my remote hotmail account, iffy at best. = Worst case scenario, I'll compile a wrap-up of your input by week's = end. Duke - -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_0175_01C1BDDA.13DDAEA0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi John,
 
Perhaps the better question is "what is there to be *gained* by = doing so?"=20 I believe the answer is "nothing."
 
To me, it is an issue of privacy and has the same good/bad as = revealing=20 returns. To some, if they know what you are looking at and holding, it = is=20 considered bragging, to others it is a sign of weakness because they = would never=20 have chosen that stock. It's a no win situation when a person is forced = to walk=20 that line and I don't want to put myself in a position where others are = judging=20 my *actions.* Let them judge or disagree with my point of = view, that's=20 the risk in putting it out there, but to set people up to judge their = actions is=20 dangerous. I grade my actions each and every day when I write in my = trading=20 journal. I see no value in having *others* grade me, however. Another = issue has=20 to do with influence or bias. It's the same reason that I no longer = watch CNBC=20 or CNN. The bias in the reporting far outweighs the content. (Not to = mention I=20 couldn't take hearing Maria say "this stock's on fire" one more time!) =
 
Katherine
----- Original Message -----
From:=20 Cefaloni,=20 John L Jr. [AMSTA-AR-WEA]
To: 'canslim@lists.xmission.com'= =20
Sent: Monday, February 25, 2002 = 8:06=20 AM
Subject: RE: [CANSLIM] Date: = Sun, 24 Feb=20 2002 15:11:27 -0500

Katherine,
 
With=20 all due respect, what harm would be done to your portfolio by=20 revealing what stocks you are looking to buy/short - or at = least=20 what stocks you just bought/shorted? 
 
John=20 C.
-----Original Message-----
From: Katherine Malm=20 [mailto:kmalm@earthlink.net]
Sent: Monday, February 25, = 2002 8:54=20 AM
To: canslim@lists.xmission.com=
Subject:=20 Re: [CANSLIM] Date: Sun, 24 Feb 2002 15:11:27 = - -0500

Morning, Tom.
 
It was a funny thing admitting those feelings to the list as I = don't=20 think I had even admitted it to myself in quite those words. But the = truth=20 is, I'll go out of my way to help absolutely anybody, share what I = know so=20 that others can become better investors, and ask plenty of questions = and=20 listen in order to learn from others and become a better = investor=20 myself.  But by golly....when it comes to my money and the = issue=20 of privacy....I look at it very differently. There are only of = couple of=20 things I *won't* do....discuss specifics on performance, tell people = what=20 stocks I'm looking to buy/short, or reveal the positions I'm = currently in.=20 Short list, but that's just part of the guidelines I've set.
 
I can't say I'm all that thrilled about the list turning into = some big=20 "collective mining effort," but Duke's a sport for bringing it up = and I=20 admire his in-your-face attitude about getting the effort underway = as there=20 *are* list members who will benefit.
 
Have a great day,
Katherine
----- Original Message ----- =
From:=20 Tom=20 Worley
To: canslim@lists.xmission.com= =20
Sent: Monday, February 25, = 2002 5:36=20 AM
Subject: Re: [CANSLIM] = Date: Sun, 24=20 Feb 2002 15:11:27 -0500

Katherine, I am quite willing to admit the = same=20 thing, I put a huge amount of work into my investing, and intend = that I=20 benefit from it. My style is strictly my own, and I have found = that since=20 I gave up handling retail clients that I make far better decisions = for=20 myself without the responsibility for others. I am sure many = members must=20 have thought I was insane a few weeks ago when I mentioned that I = not only=20 fully invested my cash acct, but went to the full margin limits as = well.=20 Despite a very dismal "M" since then, I am up over 13% (and yeah, = for the=20 doubters I can prove it) and could once again cash out and sit in = a money=20 market for the rest of the year. But I don't expect to do that, = since I=20 prefer to be invested than in cash.
 
Profits can be made on the long side even = in a poor=20 market, even if shorting, with its higher risks, may be easier. So = long as=20 I continue to enjoy the challenge, and need to earn extra money, = and it=20 continues to work for me, I will pursue my style of investing but = not=20 share my stock picks.
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
----- Original Message ----- =
From:=20 Katherine=20 Malm
To: canslim@lists.xmission.com= =20
Sent: Sunday, February = 24, 2002=20 7:10 PM
Subject: Re: [CANSLIM] = Date: Sun,=20 24 Feb 2002 15:11:27 -0500

Hi Duke,
 
I believe that what you are suggesting is something that = already=20 goes on quite frequently on the list. That is, people share = their read=20 on a stock from both fundamental and technical perspectives. = These=20 "examples" as you call them are instructive and I agree with you = on that=20 count. I have 3 binders full of "lessons" that I've acquired = over the=20 years from others, from my own observations/successes/failures, = from the=20 IBD, from 2 of the advanced IBD seminars and from this list. But = I still=20 won't submit a stock and say "you should buy this because xyz." = While I=20 am looking to enter a trade or while I am in the trade I really = don't=20 want to attract *more* eyes to the stock. I would prefer that we = accomplish what you are suggesting by doing post analysis = instead. And=20 honestly, why should I submit the conclusions of all my hard = work in=20 stock selection so that others (especially = non-contributors) can=20 make money? I'll gladly share knowledge and take on a debate so = as to=20 learn something,  but I won't share stock = picks. I'm=20 sure there are others who feel the same but are less willing to = admit it=20 publicly.
 
Katherine
----- Original Message ----- =
From:=20 Duke Miller =
To: canslim@lists.xmission.com= =20
Sent: Sunday, February = 24, 2002=20 5:50 PM
Subject: RE: [CANSLIM] = Date: Sun,=20 24 Feb 2002 15:11:27 -0500

Katherine:
 
I = understand=20 TOTALLY your opinion; I joined this list for many of the same = reasons=20 you did. 
 
But...your=20 rationale for joining this list only SUPPORTS my = concept. =20 What better way to become adept and expand your horizons = regarding=20 CANSLIM than with real life, actual examples, I.e., our = LIMITED=20 submissions of potential CANSLIM stocks (not "stock = picks") for=20 the Mother List? 
 
Have = you been to=20 a CANSLIM seminar?   I don't know about you, but 90% = of my=20 takeaway is in the form of actual charts illustrating real = life=20 situations with notes as to the discussions.  I see = a lot of=20 that in the Mother list:  Forcing "members" to justify = their=20 picks before they make this list has immense educational=20 potential.  In other words, don't tell us you think this = is a=20 good pick....tell us WHY!
 
So, = my intent is=20 NOT to have the concept become a list of stock picks.  = Rather, a=20 list of stocks that students of CANSLIM are dxxn near willing = to fight=20 for; stocks they don't want to see removed from the list for = this=20 reason or that; stocks they (and all others) can potentially = make=20 money on.  My wording about "CANSLIM this and CANSLIM = that" was=20 poorly chosen.  I didn't mean to imply boredom.  But = if all=20 that CANSLIM this and CANSLIM that is backed up by actual real = life,=20 this is my money examples....won't it mean = more?
 
(Not = to beat a=20 dead horse, but did you see in the Sunday WSJ that Southwest=20 Airlines is going to change their system.  No more = colored=20 boarding cards.  Even they are looking at the world a bit = differently.)
 
Debate=20 on!
 
Duke
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of=20 Katherine Malm
Sent: Sunday, February 24, 2002 = 6:20=20 PM
To: = canslim@lists.xmission.com
Subject: Re:=20 [CANSLIM] Date: Sun, 24 Feb 2002 15:11:27 = - -0500

Hi Duke,
 
I've been mulling over your "mother of all lists" idea = all day.=20 I understand your desire to share "collective wisdom" = regarding=20 stock picks, but I don't agree with it, for the same reason = you=20 listed in your comment (b). Even more so, however, when I = was=20 reviewing archives in many communities in order to decide = which list=20 to join, one of the things I looked for was a community that = hadn't=20 reduced discussion of CANSLIM down to endless stock "picks" = but=20 instead a discussion of the underlying principles that make = CANSLIM=20 tick; processes for finding and evaluating stocks; = clarifications of=20 investing concepts; and practice in the = interpretation of=20 technicals, fundamentals, market health and CANSLIM = guidelines.=20 While some may argue that such discussion makes CANSLIM = overly=20 complex, I think this is precisely what makes this a = community that=20 helps to build knowledgeable CANSLIMers. In my mind, it is = the=20 exchange of ideas and viewpoints, not stock picks, which = creates=20 value.
 
Southwest Airlines has had many copycat competitors = over the=20 years, attracted to the business by the notion that = following=20 Southwest's "simple" approach to flying was easy and = repeatable. All=20 of the early copycats' businesses failed because they did = not=20 understand the most important part of Southwest's strategy, = i.e.,=20 that many dedicated people work exceptionally hard and = utilize a=20 complex systematic approach to doing business that *appears* = to be=20 simple to the customers who fly with them.
 
Katherine
 
----- Original Message -----
From:=20 Duke Miller =
To: Canslim@Lists.=20 Xmission. Com
Sent: Sunday, = February 24,=20 2002 2:12 PM
Subject: [CANSLIM] = Date: Sun,=20 24 Feb 2002 15:11:27 -0500

Being new to this list, I'd like to share a = few=20 observations and proffer a
what-if.

a)  = Working=20 through this market, tugging constantly with my buy=20 checklist,
it helps to have company that's a) = knowledgeable, b)=20 successful (or
committed to striving for it), and c) = CERTAINLY=20 unbiased!

b)  The debate herein over the = merits of=20 CANSLIM-this and/or CANSLIM-that is
unending (as it = should=20 be).  The arguments haven't changed since the = concept
was=20 developed.  NO matter how hard we try to stay between = the=20 lines, we each
have our own variation(s), don't=20 we?

c)  It seems we're all watch-listing and = waiting,=20 ever confident the
market's going to eventually break = out ONLY=20 when it's ready to. I agree with
Katherine, that we can = certainly "mine" some winners these days.  I've = got
two=20 that are showing promise, buy a dozen more I've been = "whipsawed"=20 out of.
(One thing WON taught me is not to "hide" from = my=20 blunders, rather study and
learn from them.  I = still hate=20 doing that!)

I think you'll all agree, trying to = unearth=20 the one stock in four that
doesn't shake us out = unmercifully in=20 this market we're in is not fun.  So
here's = a  what=20 if from the glistening Gulf shores of Anna Maria = Island: =20 Is
it conceivable we might better devote our time to = channeling=20 our collective
energies toward building "all-star" = watch=20 list?  One that, when the M does
turn, we can be = ready in=20 the wings?

Forgive me if the thought isn't totally=20 developed yet (or original to this
group), but what = if...those=20 interested "sign up" to each "nominate" one,
two, or = three=20 personal-favorite watch stocks.  Ones you'd buy for = your=20 own
mother! (The "mother" of all lists???)   = And we=20 take that list, follow its
contents' progress together = and,=20 on-going, "debate" the merits of each
"nomination," old = or=20 new.

Just today we got lists from Tim and = John;  I=20 wonder which three from each
list they'd nominate for = the=20 Mother List?

IMHO, this: a) would help us expand = and refine=20 our own lists; b) steepen our
CANSLIM learning curves = via the=20 debates; c) benefit all of us when the
tide(s) turn; = and c),=20 would be a source for a little fun (while we wait=20 for
M)!

If there's enough interest, I'll be glad = to=20 suggest a nomination checklist
which we can improvise = as we go=20 along, etc, etc, etc.  So what do you think?

A = final=20 note:  I'm out of town until Thursday, but will be = monitoring=20 as
best I can from my remote hotmail account, iffy at=20 best.  Worst case
scenario, I'll compile a wrap-up = of your=20 input by week's = end.

Duke





-
-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_0175_01C1BDDA.13DDAEA0-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Mon, 25 Feb 2002 09:55:41 EST From: Davellil5@aol.com Subject: Re: [CANSLIM] Date: Sun, 24 Feb 2002 15:11:27 -0500 These exchanges on the subject of disclosing what may be "good buys", has been interesting and, I think, healthy. They say, "If you give a man a fish, he has one dinner. If you show him how to fish, he has many dinners". Telling someone a stock to buy is giving him a fish. Telling him how to find stocks to buy is showing him how to fish. Regards, 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: Mon, 25 Feb 2002 14:53:29 GMT From: "Boyd" Subject: Re: [CANSLIM] Date: Sun, 24 Feb 2002 15:11:27 -0500 Bingo Dave! Help me learn how to use this rod and reel :-) Norm Davellil5@aol.com writes: > These exchanges on the subject of disclosing what may be "good buys", has > been interesting and, I think, healthy. > > They say, "If you give a man a fish, he has one dinner. If you show him how > to fish, he has many dinners". Telling someone a stock to buy is giving him > a fish. Telling him how to find stocks to buy is showing him how to fish. > > Regards, 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: Mon, 25 Feb 2002 09:58:12 -0500 From: "Cefaloni, John L Jr. [AMSTA-AR-WEA]" Subject: RE: [CANSLIM] Date: Sun, 24 Feb 2002 15:11:27 -0500 This message is in MIME format. Since your mail reader does not understand this format, some or all of this message may not be legible. - ------_=_NextPart_001_01C1BE0C.D8CF6500 Content-Type: text/plain; charset="iso-8859-1" Katherine, As Patrick Wahl says, "Funny how people have different ideas..." I, for one, watch CNBC *only* to hear Maria say, "this stock's on fire"! John C. - -----Original Message----- From: Katherine Malm [mailto:kmalm@earthlink.net] Sent: Monday, February 25, 2002 9:55 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Date: Sun, 24 Feb 2002 15:11:27 -0500 Hi John, Perhaps the better question is "what is there to be *gained* by doing so?" I believe the answer is "nothing." To me, it is an issue of privacy and has the same good/bad as revealing returns. To some, if they know what you are looking at and holding, it is considered bragging, to others it is a sign of weakness because they would never have chosen that stock. It's a no win situation when a person is forced to walk that line and I don't want to put myself in a position where others are judging my *actions.* Let them judge or disagree with my point of view, that's the risk in putting it out there, but to set people up to judge their actions is dangerous. I grade my actions each and every day when I write in my trading journal. I see no value in having *others* grade me, however. Another issue has to do with influence or bias. It's the same reason that I no longer watch CNBC or CNN. The bias in the reporting far outweighs the content. (Not to mention I couldn't take hearing Maria say "this stock's on fire" one more time!) Katherine - ----- Original Message ----- From: Cefaloni, John L Jr. [AMSTA-AR-WEA] To: 'canslim@lists.xmission.com' Sent: Monday, February 25, 2002 8:06 AM Subject: RE: [CANSLIM] Date: Sun, 24 Feb 2002 15:11:27 -0500 Katherine, With all due respect, what harm would be done to your portfolio by revealing what stocks you are looking to buy/short - or at least what stocks you just bought/shorted? John C. - -----Original Message----- From: Katherine Malm [mailto:kmalm@earthlink.net] Sent: Monday, February 25, 2002 8:54 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Date: Sun, 24 Feb 2002 15:11:27 -0500 Morning, Tom. It was a funny thing admitting those feelings to the list as I don't think I had even admitted it to myself in quite those words. But the truth is, I'll go out of my way to help absolutely anybody, share what I know so that others can become better investors, and ask plenty of questions and listen in order to learn from others and become a better investor myself. But by golly....when it comes to my money and the issue of privacy....I look at it very differently. There are only of couple of things I *won't* do....discuss specifics on performance, tell people what stocks I'm looking to buy/short, or reveal the positions I'm currently in. Short list, but that's just part of the guidelines I've set. I can't say I'm all that thrilled about the list turning into some big "collective mining effort," but Duke's a sport for bringing it up and I admire his in-your-face attitude about getting the effort underway as there *are* list members who will benefit. Have a great day, Katherine - ----- Original Message ----- From: Tom Worley To: canslim@lists.xmission.com Sent: Monday, February 25, 2002 5:36 AM Subject: Re: [CANSLIM] Date: Sun, 24 Feb 2002 15:11:27 -0500 Katherine, I am quite willing to admit the same thing, I put a huge amount of work into my investing, and intend that I benefit from it. My style is strictly my own, and I have found that since I gave up handling retail clients that I make far better decisions for myself without the responsibility for others. I am sure many members must have thought I was insane a few weeks ago when I mentioned that I not only fully invested my cash acct, but went to the full margin limits as well. Despite a very dismal "M" since then, I am up over 13% (and yeah, for the doubters I can prove it) and could once again cash out and sit in a money market for the rest of the year. But I don't expect to do that, since I prefer to be invested than in cash. Profits can be made on the long side even in a poor market, even if shorting, with its higher risks, may be easier. So long as I continue to enjoy the challenge, and need to earn extra money, and it continues to work for me, I will pursue my style of investing but not share my stock picks. Tom Worley stkguru@netside.net AIM: TexWorley - ----- Original Message ----- From: Katherine Malm To: canslim@lists.xmission.com Sent: Sunday, February 24, 2002 7:10 PM Subject: Re: [CANSLIM] Date: Sun, 24 Feb 2002 15:11:27 -0500 Hi Duke, I believe that what you are suggesting is something that already goes on quite frequently on the list. That is, people share their read on a stock from both fundamental and technical perspectives. These "examples" as you call them are instructive and I agree with you on that count. I have 3 binders full of "lessons" that I've acquired over the years from others, from my own observations/successes/failures, from the IBD, from 2 of the advanced IBD seminars and from this list. But I still won't submit a stock and say "you should buy this because xyz." While I am looking to enter a trade or while I am in the trade I really don't want to attract *more* eyes to the stock. I would prefer that we accomplish what you are suggesting by doing post analysis instead. And honestly, why should I submit the conclusions of all my hard work in stock selection so that others (especially non-contributors) can make money? I'll gladly share knowledge and take on a debate so as to learn something, but I won't share stock picks. I'm sure there are others who feel the same but are less willing to admit it publicly. Katherine - ----- Original Message ----- From: Duke Miller To: canslim@lists.xmission.com Sent: Sunday, February 24, 2002 5:50 PM Subject: RE: [CANSLIM] Date: Sun, 24 Feb 2002 15:11:27 -0500 Katherine: I understand TOTALLY your opinion; I joined this list for many of the same reasons you did. But...your rationale for joining this list only SUPPORTS my concept. What better way to become adept and expand your horizons regarding CANSLIM than with real life, actual examples, I.e., our LIMITED submissions of potential CANSLIM stocks (not "stock picks") for the Mother List? Have you been to a CANSLIM seminar? I don't know about you, but 90% of my takeaway is in the form of actual charts illustrating real life situations with notes as to the discussions. I see a lot of that in the Mother list: Forcing "members" to justify their picks before they make this list has immense educational potential. In other words, don't tell us you think this is a good pick....tell us WHY! So, my intent is NOT to have the concept become a list of stock picks. Rather, a list of stocks that students of CANSLIM are dxxn near willing to fight for; stocks they don't want to see removed from the list for this reason or that; stocks they (and all others) can potentially make money on. My wording about "CANSLIM this and CANSLIM that" was poorly chosen. I didn't mean to imply boredom. But if all that CANSLIM this and CANSLIM that is backed up by actual real life, this is my money examples....won't it mean more? (Not to beat a dead horse, but did you see in the Sunday WSJ that Southwest Airlines is going to change their system. No more colored boarding cards. Even they are looking at the world a bit differently.) Debate on! Duke - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm Sent: Sunday, February 24, 2002 6:20 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Date: Sun, 24 Feb 2002 15:11:27 -0500 Hi Duke, I've been mulling over your "mother of all lists" idea all day. I understand your desire to share "collective wisdom" regarding stock picks, but I don't agree with it, for the same reason you listed in your comment (b). Even more so, however, when I was reviewing archives in many communities in order to decide which list to join, one of the things I looked for was a community that hadn't reduced discussion of CANSLIM down to endless stock "picks" but instead a discussion of the underlying principles that make CANSLIM tick; processes for finding and evaluating stocks; clarifications of investing concepts; and practice in the interpretation of technicals, fundamentals, market health and CANSLIM guidelines. While some may argue that such discussion makes CANSLIM overly complex, I think this is precisely what makes this a community that helps to build knowledgeable CANSLIMers. In my mind, it is the exchange of ideas and viewpoints, not stock picks, which creates value. Southwest Airlines has had many copycat competitors over the years, attracted to the business by the notion that following Southwest's "simple" approach to flying was easy and repeatable. All of the early copycats' businesses failed because they did not understand the most important part of Southwest's strategy, i.e., that many dedicated people work exceptionally hard and utilize a complex systematic approach to doing business that *appears* to be simple to the customers who fly with them. Katherine - ----- Original Message ----- From: Duke Miller To: Canslim@Lists. Xmission. Com Sent: Sunday, February 24, 2002 2:12 PM Subject: [CANSLIM] Date: Sun, 24 Feb 2002 15:11:27 -0500 Being new to this list, I'd like to share a few observations and proffer a what-if. a) Working through this market, tugging constantly with my buy checklist, it helps to have company that's a) knowledgeable, b) successful (or committed to striving for it), and c) CERTAINLY unbiased! b) The debate herein over the merits of CANSLIM-this and/or CANSLIM-that is unending (as it should be). The arguments haven't changed since the concept was developed. NO matter how hard we try to stay between the lines, we each have our own variation(s), don't we? c) It seems we're all watch-listing and waiting, ever confident the market's going to eventually break out ONLY when it's ready to. I agree with Katherine, that we can certainly "mine" some winners these days. I've got two that are showing promise, buy a dozen more I've been "whipsawed" out of. (One thing WON taught me is not to "hide" from my blunders, rather study and learn from them. I still hate doing that!) I think you'll all agree, trying to unearth the one stock in four that doesn't shake us out unmercifully in this market we're in is not fun. So here's a what if from the glistening Gulf shores of Anna Maria Island: Is it conceivable we might better devote our time to channeling our collective energies toward building "all-star" watch list? One that, when the M does turn, we can be ready in the wings? Forgive me if the thought isn't totally developed yet (or original to this group), but what if...those interested "sign up" to each "nominate" one, two, or three personal-favorite watch stocks. Ones you'd buy for your own mother! (The "mother" of all lists???) And we take that list, follow its contents' progress together and, on-going, "debate" the merits of each "nomination," old or new. Just today we got lists from Tim and John; I wonder which three from each list they'd nominate for the Mother List? IMHO, this: a) would help us expand and refine our own lists; b) steepen our CANSLIM learning curves via the debates; c) benefit all of us when the tide(s) turn; and c), would be a source for a little fun (while we wait for M)! If there's enough interest, I'll be glad to suggest a nomination checklist which we can improvise as we go along, etc, etc, etc. So what do you think? A final note: I'm out of town until Thursday, but will be monitoring as best I can from my remote hotmail account, iffy at best. Worst case scenario, I'll compile a wrap-up of your input by week's end. Duke - - - -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_001_01C1BE0C.D8CF6500 Content-Type: text/html; charset="iso-8859-1"
Katherine,
 
As Patrick Wahl says, "Funny how people have different ideas..."
 
I, for one, watch CNBC *only* to hear Maria say, "this stock's on fire"!
 
John C.
-----Original Message-----
From: Katherine Malm [mailto:kmalm@earthlink.net]
Sent: Monday, February 25, 2002 9:55 AM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] Date: Sun, 24 Feb 2002 15:11:27 -0500

Hi John,
 
Perhaps the better question is "what is there to be *gained* by doing so?" I believe the answer is "nothing."
 
To me, it is an issue of privacy and has the same good/bad as revealing returns. To some, if they know what you are looking at and holding, it is considered bragging, to others it is a sign of weakness because they would never have chosen that stock. It's a no win situation when a person is forced to walk that line and I don't want to put myself in a position where others are judging my *actions.* Let them judge or disagree with my point of view, that's the risk in putting it out there, but to set people up to judge their actions is dangerous. I grade my actions each and every day when I write in my trading journal. I see no value in having *others* grade me, however. Another issue has to do with influence or bias. It's the same reason that I no longer watch CNBC or CNN. The bias in the reporting far outweighs the content. (Not to mention I couldn't take hearing Maria say "this stock's on fire" one more time!)
 
Katherine
----- Original Message -----
Sent: Monday, February 25, 2002 8:06 AM
Subject: RE: [CANSLIM] Date: Sun, 24 Feb 2002 15:11:27 -0500

Katherine,
 
With all due respect, what harm would be done to your portfolio by revealing what stocks you are looking to buy/short - or at least what stocks you just bought/shorted? 
 
John C.
-----Original Message-----
From: Katherine Malm [mailto:kmalm@earthlink.net]
Sent: Monday, February 25, 2002 8:54 AM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] Date: Sun, 24 Feb 2002 15:11:27 -0500

Morning, Tom.
 
It was a funny thing admitting those feelings to the list as I don't think I had even admitted it to myself in quite those words. But the truth is, I'll go out of my way to help absolutely anybody, share what I know so that others can become better investors, and ask plenty of questions and listen in order to learn from others and become a better investor myself.  But by golly....when it comes to my money and the issue of privacy....I look at it very differently. There are only of couple of things I *won't* do....discuss specifics on performance, tell people what stocks I'm looking to buy/short, or reveal the positions I'm currently in. Short list, but that's just part of the guidelines I've set.
 
I can't say I'm all that thrilled about the list turning into some big "collective mining effort," but Duke's a sport for bringing it up and I admire his in-your-face attitude about getting the effort underway as there *are* list members who will benefit.
 
Have a great day,
Katherine
----- Original Message -----
From: Tom Worley
Sent: Monday, February 25, 2002 5:36 AM
Subject: Re: [CANSLIM] Date: Sun, 24 Feb 2002 15:11:27 -0500

Katherine, I am quite willing to admit the same thing, I put a huge amount of work into my investing, and intend that I benefit from it. My style is strictly my own, and I have found that since I gave up handling retail clients that I make far better decisions for myself without the responsibility for others. I am sure many members must have thought I was insane a few weeks ago when I mentioned that I not only fully invested my cash acct, but went to the full margin limits as well. Despite a very dismal "M" since then, I am up over 13% (and yeah, for the doubters I can prove it) and could once again cash out and sit in a money market for the rest of the year. But I don't expect to do that, since I prefer to be invested than in cash.
 
Profits can be made on the long side even in a poor market, even if shorting, with its higher risks, may be easier. So long as I continue to enjoy the challenge, and need to earn extra money, and it continues to work for me, I will pursue my style of investing but not share my stock picks.
 
Tom Worley
stkguru@netside.net
AIM: TexWorley
----- Original Message -----
Sent: Sunday, February 24, 2002 7:10 PM
Subject: Re: [CANSLIM] Date: Sun, 24 Feb 2002 15:11:27 -0500

Hi Duke,
 
I believe that what you are suggesting is something that already goes on quite frequently on the list. That is, people share their read on a stock from both fundamental and technical perspectives. These "examples" as you call them are instructive and I agree with you on that count. I have 3 binders full of "lessons" that I've acquired over the years from others, from my own observations/successes/failures, from the IBD, from 2 of the advanced IBD seminars and from this list. But I still won't submit a stock and say "you should buy this because xyz." While I am looking to enter a trade or while I am in the trade I really don't want to attract *more* eyes to the stock. I would prefer that we accomplish what you are suggesting by doing post analysis instead. And honestly, why should I submit the conclusions of all my hard work in stock selection so that others (especially non-contributors) can make money? I'll gladly share knowledge and take on a debate so as to learn something,  but I won't share stock picks. I'm sure there are others who feel the same but are less willing to admit it publicly.
 
Katherine
----- Original Message -----
Sent: Sunday, February 24, 2002 5:50 PM
Subject: RE: [CANSLIM] Date: Sun, 24 Feb 2002 15:11:27 -0500

Katherine:
 
I understand TOTALLY your opinion; I joined this list for many of the same reasons you did. 
 
But...your rationale for joining this list only SUPPORTS my concept.  What better way to become adept and expand your horizons regarding CANSLIM than with real life, actual examples, I.e., our LIMITED submissions of potential CANSLIM stocks (not "stock picks") for the Mother List? 
 
Have you been to a CANSLIM seminar?   I don't know about you, but 90% of my takeaway is in the form of actual charts illustrating real life situations with notes as to the discussions.  I see a lot of that in the Mother list:  Forcing "members" to justify their picks before they make this list has immense educational potential.  In other words, don't tell us you think this is a good pick....tell us WHY!
 
So, my intent is NOT to have the concept become a list of stock picks.  Rather, a list of stocks that students of CANSLIM are dxxn near willing to fight for; stocks they don't want to see removed from the list for this reason or that; stocks they (and all others) can potentially make money on.  My wording about "CANSLIM this and CANSLIM that" was poorly chosen.  I didn't mean to imply boredom.  But if all that CANSLIM this and CANSLIM that is backed up by actual real life, this is my money examples....won't it mean more?
 
(Not to beat a dead horse, but did you see in the Sunday WSJ that Southwest Airlines is going to change their system.  No more colored boarding cards.  Even they are looking at the world a bit differently.)
 
Debate on!
 
Duke
-----Original Message-----
From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm
Sent: Sunday, February 24, 2002 6:20 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] Date: Sun, 24 Feb 2002 15:11:27 -0500

Hi Duke,
 
I've been mulling over your "mother of all lists" idea all day. I understand your desire to share "collective wisdom" regarding stock picks, but I don't agree with it, for the same reason you listed in your comment (b). Even more so, however, when I was reviewing archives in many communities in order to decide which list to join, one of the things I looked for was a community that hadn't reduced discussion of CANSLIM down to endless stock "picks" but instead a discussion of the underlying principles that make CANSLIM tick; processes for finding and evaluating stocks; clarifications of investing concepts; and practice in the interpretation of technicals, fundamentals, market health and CANSLIM guidelines. While some may argue that such discussion makes CANSLIM overly complex, I think this is precisely what makes this a community that helps to build knowledgeable CANSLIMers. In my mind, it is the exchange of ideas and viewpoints, not stock picks, which creates value.
 
Southwest Airlines has had many copycat competitors over the years, attracted to the business by the notion that following Southwest's "simple" approach to flying was easy and repeatable. All of the early copycats' businesses failed because they did not understand the most important part of Southwest's strategy, i.e., that many dedicated people work exceptionally hard and utilize a complex systematic approach to doing business that *appears* to be simple to the customers who fly with them.
 
Katherine
 
----- Original Message -----
Sent: Sunday, February 24, 2002 2:12 PM
Subject: [CANSLIM] Date: Sun, 24 Feb 2002 15:11:27 -0500

Being new to this list, I'd like to share a few observations and proffer a
what-if.

a)  Working through this market, tugging constantly with my buy checklist,
it helps to have company that's a) knowledgeable, b) successful (or
committed to striving for it), and c) CERTAINLY unbiased!

b)  The debate herein over the merits of CANSLIM-this and/or CANSLIM-that is
unending (as it should be).  The arguments haven't changed since the concept
was developed.  NO matter how hard we try to stay between the lines, we each
have our own variation(s), don't we?

c)  It seems we're all watch-listing and waiting, ever confident the
market's going to eventually break out ONLY when it's ready to. I agree with
Katherine, that we can certainly "mine" some winners these days.  I've got
two that are showing promise, buy a dozen more I've been "whipsawed" out of.
(One thing WON taught me is not to "hide" from my blunders, rather study and
learn from them.  I still hate doing that!)

I think you'll all agree, trying to unearth the one stock in four that
doesn't shake us out unmercifully in this market we're in is not fun.  So
here's a  what if from the glistening Gulf shores of Anna Maria Island:  Is
it conceivable we might better devote our time to channeling our collective
energies toward building "all-star" watch list?  One that, when the M does
turn, we can be ready in the wings?

Forgive me if the thought isn't totally developed yet (or original to this
group), but what if...those interested "sign up" to each "nominate" one,
two, or three personal-favorite watch stocks.  Ones you'd buy for your own
mother! (The "mother" of all lists???)   And we take that list, follow its
contents' progress together and, on-going, "debate" the merits of each
"nomination," old or new.

Just today we got lists from Tim and John;  I wonder which three from each
list they'd nominate for the Mother List?

IMHO, this: a) would help us expand and refine our own lists; b) steepen our
CANSLIM learning curves via the debates; c) benefit all of us when the
tide(s) turn; and c), would be a source for a little fun (while we wait for
M)!

If there's enough interest, I'll be glad to suggest a nomination checklist
which we can improvise as we go along, etc, etc, etc.  So what do you think?

A final note:  I'm out of town until Thursday, but will be monitoring as
best I can from my remote hotmail account, iffy at best.  Worst case
scenario, I'll compile a wrap-up of your input by week's end.

Duke





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