From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #2857 Reply-To: canslim Sender: owner-canslim-digest@lists.xmission.com Errors-To: owner-canslim-digest@lists.xmission.com Precedence: bulk Content-Transfer-Encoding: quoted-printable X-No-Archive: yes canslim-digest Saturday, August 24 2002 Volume 02 : Number 2857 In this issue: [CANSLIM] Intro - Roger Re: [CANSLIM] Intro - Roger Re: [CANSLIM] Breakout Blues Re: [CANSLIM] Breakout Blues [CANSLIM] Introduction RE: [CANSLIM] Breakout Blues ---------------------------------------------------------------------- Date: Sat, 24 Aug 2002 09:34:21 -0400 From: Roger Tawa Subject: [CANSLIM] Intro - Roger hi everyone, with all the introductions going on in the last little while, i figured now is a good time for my own. i am a canadian software developer with 12 years experience, working in the entertaining business for the last 7 (my company writes s/w for putting together and adding special effects to movies/commercials/rock video/etc). i have been "saving" since i started working, but i would not call it investing. mostly a mutual fund here or there, some savings bonds and GICs. about 5 years ago, i decided i needed a financial advisor, since i just didn't have time to study the market or could ever possibly navigate such a complex system (not). in any case, over the last five years i have annualized about - 5%, not a very good record. so a couple of months ago i took it upon myself to learn more about investing. i asked some friends who were "into investing" for some pointer, and i got the motley fool book. i thought it was interesting. i then got malkiel's "random walk" book. i thought it was a very fascinating book, quite humourous, and had very convincing arguments. my favourite line from the book: "a financial statement is like a bikini. what it reveals in interesting, but what it hides is essential". being a person that never listens to only one side of the story before making up his mind, i decided to read a book contrary to malkiel. that is when i found HTMMISv3. it just made a lot of sense. i am currently reading/studying it for the third time (and i have lots of questions, please stand by :-)). imho, WON is the perfect white to malkiel's black. i have been lurking on this email list for about 2 weeks. i truly find the quality of the postings here outstanding, and the members cordial, friendly, and knowledgeable. i look forward to spending lots of time here. for the immediate future, i plan on getting away from my advisor and implementing malkiel's strategy. i then plan on learning and slowly starting to practice CANSLIM. thanks for letting me join your group. Roger Tawa [One thing about paradigms: shift happens.] ________________________________________________ Get your own "800" number Voicemail, fax, email, and a lot more http://www.ureach.com/reg/tag - - - -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, 24 Aug 2002 10:42:04 -0400 From: "Tom Worley" Subject: Re: [CANSLIM] Intro - Roger Welcome to the group, Roger, you will continue to find content and thought provoking posts here. We get off topic like any group will, but always end up back on CANSLIM. - ----- Original Message ----- From: "Roger Tawa" To: Sent: Saturday, August 24, 2002 9:34 AM Subject: [CANSLIM] Intro - Roger hi everyone, with all the introductions going on in the last little while, i figured now is a good time for my own. i am a canadian software developer with 12 years experience, working in the entertaining business for the last 7 (my company writes s/w for putting together and adding special effects to movies/commercials/rock video/etc). i have been "saving" since i started working, but i would not call it investing. mostly a mutual fund here or there, some savings bonds and GICs. about 5 years ago, i decided i needed a financial advisor, since i just didn't have time to study the market or could ever possibly navigate such a complex system (not). in any case, over the last five years i have annualized about - 5%, not a very good record. so a couple of months ago i took it upon myself to learn more about investing. i asked some friends who were "into investing" for some pointer, and i got the motley fool book. i thought it was interesting. i then got malkiel's "random walk" book. i thought it was a very fascinating book, quite humourous, and had very convincing arguments. my favourite line from the book: "a financial statement is like a bikini. what it reveals in interesting, but what it hides is essential". being a person that never listens to only one side of the story before making up his mind, i decided to read a book contrary to malkiel. that is when i found HTMMISv3. it just made a lot of sense. i am currently reading/studying it for the third time (and i have lots of questions, please stand by :-)). imho, WON is the perfect white to malkiel's black. i have been lurking on this email list for about 2 weeks. i truly find the quality of the postings here outstanding, and the members cordial, friendly, and knowledgeable. i look forward to spending lots of time here. for the immediate future, i plan on getting away from my advisor and implementing malkiel's strategy. i then plan on learning and slowly starting to practice CANSLIM. thanks for letting me join your group. Roger Tawa [One thing about paradigms: shift happens.] ________________________________________________ Get your own "800" number Voicemail, fax, email, and a lot more http://www.ureach.com/reg/tag - - - -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: Sat, 24 Aug 2002 10:42:30 -0500 From: "Norman" Subject: Re: [CANSLIM] Breakout Blues I think CAN SLIM is working great. If we are following the rules then we have very limited exposure to the M right now. Sure we have seen some confirmation days but are we seeing good numbers of leading industries/companies breaking out of sound bases? Not for my tastes. Sitting in cash because the rules say so is a positive position, IMO. As we say in science; if you have a measurement of zero, that is as good as any other non-zero measurement, it is still what was observed in the sample. Not having any exposure to a M because some of the CAN SLIM rules keep you out is not to say the method isn't working. Just my $0.02. Norm - ----- Original Message ----- From: "Dan Forant" To: Sent: Saturday, August 24, 2002 4:55 AM Subject: Re: [CANSLIM] Breakout Blues > The market itself makes or brakes CANSLIM. Look at yesterdays fall, only 2 > stocks out of the Nasdaq 100 moved up. In a bear or choppy market CANSLIM > will not be successful as advertised. It's been awhile since CANSLIM has > dusted itself off and worked. This market action could go on for a year or > more. When CANSLIM does get it's chance it will shine. I still say it's a > simple concept to practice. If you put it under a microscope it can get > blurred. > > DanF > > > ----- Original Message ----- > From: "Tom Worley" > To: > Sent: Friday, August 23, 2002 11:07 PM > Subject: Re: [CANSLIM] Breakout Blues > > > > I disagree. Over the many years I have been using CANSLIM, and the past > six > > participating in this "niche" investing group, I have seen too many people > > that "thought" they knew CANSLIM and how to apply it. In some cases, they > > had not even read HTMMIS once, much less studied it. If I multiply the > > membership of this group by some unknown factor to represent the > population > > of investors that got a free two week subscription to IBD and now "think" > > they have the hang of CANSLIM, but never were a member here, then I think > > there are likely millions of potential investors that will lose money on > the > > basis of their perception of CANSLIM, and thereby condemn the system > rather > > than their lack of knowledge or effort to learn. > > > > ----- Original Message ----- > > From: "David Thompson" > > To: > > Sent: Friday, August 23, 2002 1:13 PM > > Subject: Re: [CANSLIM] Breakout Blues > > > > > > Tom and Robert > > > > One of the concerns that I've had is that one of the principles of > > investing is that once a very large group of people start following a > > certain investment style it generally stops working. It seems that WON > > has kept the C&H style of selecting stocks "fresh" by more and more > > carefully defining what's likely to work and likely to not. However, I > > suspect that significant growth in IBD (and they say it's growing > > quickly, they're certainly giving away a lot of copies) will eventually > > make it more worthwhile to trade against or outside the CANSLIM model. > > > > David Thompson > > > > > > > > - > > -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. > > - - - -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, 24 Aug 2002 14:46:54 EDT From: RWElmer@aol.com Subject: Re: [CANSLIM] Breakout Blues - --part1_159.130df424.2a992e9e_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Dan, That's the bottom line and what I was trying to say. This is not a good Market for CANSLIM. It is not a knock against the method at all. Actually it's a validation of the system since, as Tom put it, by the book CANSLIM users would probably still be in cash and not trying to play this Market. Thanks for adjusting the focus. Robert W. Elmer - --part1_159.130df424.2a992e9e_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Dan,

That's the bottom line and what I was trying to say. This is not a good Market for CANSLIM. It is not a knock against the method at all. Actually it's a validation of the system since, as Tom put it, by the book CANSLIM users would probably still be in cash and not trying to play this Market.

Thanks for adjusting the focus.

Robert W. Elmer
- --part1_159.130df424.2a992e9e_boundary-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Sat, 24 Aug 2002 15:27:29 EDT From: RWElmer@aol.com Subject: [CANSLIM] Introduction - --part1_41.223faf51.2a993821_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Greetings All, In reading another post this morning I found that it was considered good manners here to give a formal introduction of yourself. I had seen many do it over the months but didn't realize it was expected. My apologies for the faux pas. I am a Realtor in Redding, CA who has been following the Market since February of 1999. Our office started an Investment Club at that time and I volunteered to help run it. I knew absolutely nothing about the Market when we started but I had a keen interest in learning about it. I have devoured everything I could about stocks ever since and have shared my education with our Club. We get together monthly and discuss the various concepts learned so as to adapt the more promising thoughts along the way. I have exposed myself to the NAIC method, which our Club used for a time; the Motley Fool methods; VectorVest, which we're very happy with; and now CANSLIM; with various smaller technical trading forays along the way. All and all we use VectorVest for our mining, timing, and portfolio management and are currently incorporating CANSLIM into our method. I was invited to this CANSLIM Group several months back, at the end of 2001 I believe, but have mostly lurked while I learned what I could about CANSLIM. I have long since gone through the Learning Center at IBD and have recently read and reread HTMMIS and the 24 Questions books. One thing that I found comforting is that many of the rules our Club developed along the way are exactly the things WON espouses too. More importantly, however, are the things we didn't think of. Prime among these is the questionable nature of using PEs to judge a stock's attractiveness. In reality we had gravitated towards the Motley Fool model, which valued stocks more on a PEG basis. After exposing ourselves to CANSLIM, however, we all agree that this is a model we prefer to adapt. I hope that serves as an adequate introduction. I'll only add that I think this is as good a group as I've seen to discuss stocks with and I really appreciate the civility here. Best Regards, Robert W. Elmer - --part1_41.223faf51.2a993821_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: 7bit Greetings All,

In reading another post this morning I found that it was considered good manners here to give a formal introduction of yourself. I had seen many do it over the months but didn't realize it was expected. My apologies for the faux pas.

I am a Realtor in Redding, CA who has been following the Market since February of 1999. Our office started an Investment Club at that time and I volunteered to help run it. I knew absolutely nothing about the Market when we started but I had a keen interest in learning about it. I have devoured everything I could about stocks ever since and have shared my education with our Club. We get together monthly and discuss the various concepts learned so as to adapt the more promising thoughts along the way. I have exposed myself to the NAIC method, which our Club used for a time; the Motley Fool methods; VectorVest, which we're very happy with; and now CANSLIM; with various smaller technical trading forays along the way. All and all we use VectorVest for our mining, timing, and portfolio management and are currently incorporating CANSLIM into our method.

I was invited to this CANSLIM Group several months back, at the end of 2001 I believe, but have mostly lurked while I learned what I could about CANSLIM. I have long since gone through the Learning Center at IBD and have recently read and reread HTMMIS and the 24 Questions books. One thing that I found comforting is that many of the rules our Club developed along the way are exactly the things WON espouses too. More importantly, however, are the things we didn't think of. Prime among these is the questionable nature of using PEs to judge a stock's attractiveness. In reality we had gravitated towards the Motley Fool model, which valued stocks more on a PEG basis. After exposing ourselves to CANSLIM, however, we all agree that this is a model we prefer to adapt.

I hope that serves as an adequate introduction. I'll only add that I think this is as good a group as I've seen to discuss stocks with and I really appreciate the civility here.

Best Regards,

Robert W. Elmer
- --part1_41.223faf51.2a993821_boundary-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Sat, 24 Aug 2002 09:30:50 -1000 From: "Mike Gibbons" Subject: RE: [CANSLIM] Breakout Blues This is a multi-part message in MIME format. - ------=_NextPart_000_004A_01C24B50.EF3FD500 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit Thought I'd just chip in with some anecdotal evidence of breakouts from CwH formations that I've identified since the July 24 low and how they've fared through market close yesterday. A breakout is a stock that closed above its pivot on the breakout date with at least 150% ADV. The evidence shows that breakouts are mostly either failing or not sustaining their gains in a significant way. The number of stocks in the sample is too small to draw any scientific conclusions from, but are interesting nevertheless. The first table is of breakouts from a CwH formation with a minimum 5 day handle and within 15% of their left cup high. As of yesterday all but one of them was still above the pivot, but only just, and were substantially down from their high water mark. Breakout Symbol CANSLIM Score Brk Out B'out Day B'out Day Last Last Change Change *Gain at Date Price Close Volume Price Volume % Intraday High 8/22/2002 ANSI 7.2 35.44 36.32 1496400 35.6389 546100 0.2 0.56% 5.11% 8/21/2002 GISX 6.7 21.25 22.1 870300 21.32 202200 0.07 0.33% 7.29% 8/21/2002 FNF 5.2 31.23 31.5 1250400 30.92 565200 -0.31 -0.99% 4.29% 8/19/2002 CVH 6.5 32.44 33.7 1705600 32.47 1000200 0.03 0.09% 7.12% 8/15/2002 CSTR 7 31.12 32.94 728100 31.2974 239600 0.18 0.58% 9.90% The second table is of breakouts from a minimum two day handle and within 22% of the left cup high. In this group only two are above water, which appears to confirm that breakouts from short handles are more suspect. Interestingly, INTL had a 5 day handle when it broke out. However, the potential gain from this group was greater for the swing trader. Greater risk, but greater potential return? Breakout Symbol CANSLIM Score Brk Out B'out Day B'out Day Last Last Change Change *Gain at Date Price Close Volume Price Volume % Intraday High 8/19/2002 AMSG 8.1 31.82 33.05 648900 30.97 223500 -0.85 -2.67% 6.38% 8/14/2002 INTL 6.7 21.45 21.86 388900 25 352200 3.55 16.55% 25.87% 8/14/2002 BPOP 7.7 35.21 35.65 263200 34.91 105100 -0.3 -0.85% 2.53% 8/14/2002 XRAY 7.8 41.11 42.11 1040300 40.382 802100 -0.73 -1.78% 5.81% 8/8/2002 XRAY 7.8 40 40.91 864900 40.382 802100 0.38 0.95% 8.75% 7/30/2002 TELK 4.6 13.65 13.75 528100 13.08 179300 -0.57 -4.18% 13.04% As I said, there are too few stocks here to draw any conclusions from, but the results are anecdotally interesting. Aloha, Mike Gibbons Proactive Technologies, LLC http://www.proactech.com - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Norman Sent: Saturday, August 24, 2002 5:43 AM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Breakout Blues I think CAN SLIM is working great. If we are following the rules then we have very limited exposure to the M right now. Sure we have seen some confirmation days but are we seeing good numbers of leading industries/companies breaking out of sound bases? Not for my tastes. Sitting in cash because the rules say so is a positive position, IMO. As we say in science; if you have a measurement of zero, that is as good as any other non-zero measurement, it is still what was observed in the sample. Not having any exposure to a M because some of the CAN SLIM rules keep you out is not to say the method isn't working. Just my $0.02. Norm - ----- Original Message ----- From: "Dan Forant" To: Sent: Saturday, August 24, 2002 4:55 AM Subject: Re: [CANSLIM] Breakout Blues > The market itself makes or brakes CANSLIM. Look at yesterdays fall, only 2 > stocks out of the Nasdaq 100 moved up. In a bear or choppy market CANSLIM > will not be successful as advertised. It's been awhile since CANSLIM has > dusted itself off and worked. This market action could go on for a year or > more. When CANSLIM does get it's chance it will shine. I still say it's a > simple concept to practice. If you put it under a microscope it can get > blurred. > > DanF > > > ----- Original Message ----- > From: "Tom Worley" > To: > Sent: Friday, August 23, 2002 11:07 PM > Subject: Re: [CANSLIM] Breakout Blues > > > > I disagree. Over the many years I have been using CANSLIM, and the past > six > > participating in this "niche" investing group, I have seen too many people > > that "thought" they knew CANSLIM and how to apply it. In some cases, they > > had not even read HTMMIS once, much less studied it. If I multiply the > > membership of this group by some unknown factor to represent the > population > > of investors that got a free two week subscription to IBD and now "think" > > they have the hang of CANSLIM, but never were a member here, then I think > > there are likely millions of potential investors that will lose money on > the > > basis of their perception of CANSLIM, and thereby condemn the system > rather > > than their lack of knowledge or effort to learn. > > > > ----- Original Message ----- > > From: "David Thompson" > > To: > > Sent: Friday, August 23, 2002 1:13 PM > > Subject: Re: [CANSLIM] Breakout Blues > > > > > > Tom and Robert > > > > One of the concerns that I've had is that one of the principles of > > investing is that once a very large group of people start following a > > certain investment style it generally stops working. It seems that WON > > has kept the C&H style of selecting stocks "fresh" by more and more > > carefully defining what's likely to work and likely to not. However, I > > suspect that significant growth in IBD (and they say it's growing > > quickly, they're certainly giving away a lot of copies) will eventually > > make it more worthwhile to trade against or outside the CANSLIM model. > > > > David Thompson > > > > > > > > - > > -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. > > - - - -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_004A_01C24B50.EF3FD500 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Thought I'd just chip = in with some=20 anecdotal evidence of breakouts from CwH formations that I've = identified=20 since the July 24 low and how they've fared through market close = yesterday. A=20 breakout is a stock that closed above its pivot on the breakout date = with at=20 least 150% ADV.
 
The evidence shows = that breakouts=20 are mostly either failing or not sustaining their gains in a significant = way.=20 The number of stocks in the sample is too small to draw any scientific=20 conclusions from, but are interesting nevertheless.
 
The first table is of = breakouts from=20 a CwH formation with a minimum 5 day handle and within 15% of their left = cup=20 high. As of yesterday all but one of them was still above the pivot, but = only=20 just, and were substantially down from their high water = mark.
 
Breakout Symbol CANSLIM=20 Score Brk=20 Out B'out = Day B'out = Day Last Last Change Change *Gain = at
Date Price Close Volume Price Volume % Intraday=20 High
8/22/2002 ANSI 7.2 35.44 36.32 1496400 35.6389 546100 0.2 0.56% 5.11%
8/21/2002 GISX 6.7 21.25 22.1 870300 21.32 202200 0.07 0.33% 7.29%
8/21/2002 FNF 5.2 31.23 31.5 1250400 30.92 565200 -0.31 -0.99% 4.29%
8/19/2002 CVH 6.5 32.44 33.7 1705600 32.47 1000200 0.03 0.09% 7.12%
8/15/2002 CSTR 7 31.12 32.94 728100 31.2974 239600 0.18 0.58% 9.90%
 
The second table is of = breakouts=20 from a minimum two day handle and within 22% of the left cup high. In = this group=20 only two are above water, which appears to confirm that breakouts from = short=20 handles are more suspect. Interestingly, INTL had a 5 day handle when it = broke=20 out. However, the potential gain from this group was greater for the = swing=20 trader. Greater risk, but greater potential return?
 
Breakout Symbol CANSLIM=20 Score Brk=20 Out B'out = Day B'out = Day Last Last Change Change *Gain = at
Date Price Close Volume Price Volume % Intraday=20 High
8/19/2002 AMSG 8.1 31.82 33.05 648900 30.97 223500 -0.85 -2.67% 6.38%
8/14/2002 INTL 6.7 21.45 21.86 388900 25 352200 3.55 16.55% 25.87%
8/14/2002 BPOP 7.7 35.21 35.65 263200 34.91 105100 -0.3 -0.85% 2.53%
8/14/2002 XRAY 7.8 41.11 42.11 1040300 40.382 802100 -0.73 -1.78% 5.81%
8/8/2002 XRAY 7.8 40 40.91 864900 40.382 802100 0.38 0.95% 8.75%
7/30/2002 TELK 4.6 13.65 13.75 528100 13.08 179300 -0.57 -4.18% 13.04%
 
As I said, there are = too few stocks=20 here to draw any conclusions from, but the results are anecdotally=20 interesting.

Aloha,

Mike = Gibbons
Proactive=20 Technologies, LLC
http://www.proactech.com


-----Origina= l=20 Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lis= ts.xmission.com]On=20 Behalf Of Norman
Sent: Saturday, August 24, 2002 5:43 AM
To:=20 canslim@lists.xmission.com
Subject: Re: [CANSLIM] Breakout = Blues


I=20 think CAN SLIM is working great.  If we are following the rules = then=20 we
have very limited exposure to the M right now.  Sure we have = seen=20 some
confirmation days but are we seeing good numbers of=20 leading
industries/companies breaking out of sound bases?  Not = for my=20 tastes.
Sitting in cash because the rules say so is a positive = position,=20 IMO.  As we
say in science; if you have a measurement of zero, = that is=20 as good as any
other non-zero measurement, it is still what was = observed in=20 the sample.
Not having any exposure to a M because some of the CAN = SLIM rules=20 keep you
out is not to say the method isn't working.

Just my=20 $0.02.

Norm

----- Original Message -----
From: "Dan = Forant"=20 <dforant1@nycap.rr.com>
To: = <canslim@lists.xmission.com>
Sent:=20 Saturday, August 24, 2002 4:55 AM
Subject: Re: [CANSLIM] Breakout=20 Blues


> The market itself makes or brakes CANSLIM. Look at = yesterdays fall, only 2
> stocks out of the Nasdaq 100 moved up. = In a bear=20 or choppy market CANSLIM
> will not be successful as advertised. = It's been=20 awhile since CANSLIM has
> dusted itself off and worked. This = market=20 action could go on for a year or
> more. When CANSLIM does get = it's chance=20 it will shine. I still say it's a
> simple concept to practice. If = you put=20 it under a microscope it can get
> blurred.
>
>=20 DanF
>
>
> ----- Original Message -----
> From: = "Tom=20 Worley" <stkguru@bellsouth.net>
> To:=20 <canslim@lists.xmission.com>
> Sent: Friday, August 23, 2002 = 11:07=20 PM
> Subject: Re: [CANSLIM] Breakout Blues
>
>
> = > I=20 disagree. Over the many years I have been using CANSLIM, and the = past
>=20 six
> > participating in this "niche" investing group, I have = seen too=20 many
people
> > that "thought" they knew CANSLIM and how to = apply=20 it. In some cases,
they
> > had not even read HTMMIS once, = much less=20 studied it. If I multiply the
> > membership of this group by = some=20 unknown factor to represent the
> population
> > of = investors=20 that got a free two week subscription to IBD and now
"think"
> = >=20 they have the hang of CANSLIM, but never were a member here, then=20 I
think
> > there are likely millions of potential investors = that=20 will lose money on
> the
> > basis of their perception of = CANSLIM, and thereby condemn the system
> rather
> > than = their=20 lack of knowledge or effort to learn.
> >
> > ----- = Original=20 Message -----
> > From: "David Thompson" = <david@epud.net>
>=20 > To: <canslim@lists.xmission.com>
> > Sent: Friday, = August=20 23, 2002 1:13 PM
> > Subject: Re: [CANSLIM] Breakout = Blues
>=20 >
> >
> > Tom and Robert
> >
> > = One of=20 the concerns that I've had is that one of the principles of
> > = investing is that once a very large group of people start following = a
>=20 > certain investment style it generally stops working. It seems that=20 WON
> > has kept the C&H style of selecting stocks "fresh" = by more=20 and more
> > carefully defining what's likely to work and = likely to=20 not. However, I
> > suspect that significant growth in IBD (and = they=20 say it's growing
> > quickly, they're certainly giving away a = lot of=20 copies) will eventually
> > make it more worthwhile to trade = against or=20 outside the CANSLIM model.
> >
> > David = Thompson
>=20 >
> >
> >
> > -
> > -To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
> > -In = the email=20 body, write "subscribe canslim" or
> > -"unsubscribe = canslim".  Do=20 not use quotes in your email.
> >
> >
> = >
>=20 >
> > -
> > -To subscribe/unsubscribe, email=20 "majordomo@xmission.com"
> > -In the email body, write = "subscribe=20 canslim" or
> > -"unsubscribe canslim".  Do not use quotes = in your=20 email.
> >
>
>
> -
> -To = subscribe/unsubscribe,=20 email "majordomo@xmission.com"
> -In the email body, write = "subscribe=20 canslim" or
> -"unsubscribe canslim".  Do not use quotes in = your=20 email.
>
>


-
-To subscribe/unsubscribe, email=20 "majordomo@xmission.com"
-In the email body, write "subscribe = canslim"=20 or
-"unsubscribe canslim".  Do not use quotes in your = email.=20

- ------=_NextPart_000_004A_01C24B50.EF3FD500-- - - - -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 #2857 ****************************** 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.