From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #3176 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 Friday, February 21 2003 Volume 02 : Number 3176 In this issue: Re: [CANSLIM] WebFn Re: [CANSLIM] POSS RE: [CANSLIM] POSS Re: [CANSLIM] POSS Re: [CANSLIM] POSS Re: [CANSLIM] WebFn Re: [CANSLIM] POSS Re: [CANSLIM] POSS Re: [CANSLIM] POSS Re: [CANSLIM] POSS ---------------------------------------------------------------------- Date: Fri, 21 Feb 2003 14:47:26 -0600 From: "Ricardo Bekin" Subject: Re: [CANSLIM] WebFn thanks Ed, now I will REALLY be nervous! RB - ----- Original Message ----- From: "Edward W. Gjertsen II" To: Sent: Friday, February 21, 2003 2:37 PM Subject: [CANSLIM] WebFn > There are two Canslimers on Webfn.com tonight. Ricardo Bekin and I will > be on www.webfn.com at 4:30pm Central Time. As always, I would love to > hear both good and bad comments about the program. Have a great > weekend! > > Ed Gjertsen II > ed@macktracks.com > > > Confidentiality Notice: This e-mail message, including any attachments, > is for the sole use of the intended recipient(s) and may contain > confidential and privileged information. Any unauthorized review, use, > disclosure or distribution is prohibited. If you are not the intended > recipient, please contact the sender by reply e-mail and destroy all > copies of the original message. > > > > - > -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: Fri, 21 Feb 2003 15:53:23 -0600 From: "david frank" Subject: Re: [CANSLIM] POSS Personally, I believe, canslim is pretty well dead. Even with ebay, apa, or zmh, this week, one had to be lucky to get in and cheat canslim principles. And look at all the failures. Dave - ----- Original Message ----- From: "Edward W. Gjertsen II" To: Sent: Friday, February 21, 2003 9:03 AM Subject: RE: [CANSLIM] POSS This is why I enjoy the group so much. POSS did reverse and closed just above its lows on 2/5. S&P500 did the same. If you remember, on 2/5 the market started positive then reversed midday. We believed that POSS may be building a handle here hitting resistance of 21.75 back in March '02. I suggested here and on the show to add a small amount of POSS should a handle develop and break above the pivot. Your point is well taken and we debated whether to sell on 2/12. Being a relatively small position and the volatility of the market, we were comfortable in letting the stock attempt to prove itself to hold the 50DMA. 2/12 was the first distribution day since 1/24 and that was the day earnings were released. We may look at it again but is would have to build a new base and their fundamentals would have to remain strong. In regards to the RS. There are many times where, in the short run, the RS will diverge from price. We tend to look at more than one day's divergence for signs of concern. Thank you for your questions. Ed Gjertsen II ed@macktracks.com Confidentiality Notice: This e-mail message, including any attachments, is for the sole use of the intended recipient(s) and may contain confidential and privileged information. Any unauthorized review, use, disclosure or distribution is prohibited. If you are not the intended recipient, please contact the sender by reply e-mail and destroy all copies of the original message. - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Spencer48@aol.com Sent: Thursday, February 20, 2003 9:41 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] POSS Ed: Why did you keep POSS (I'm not second guessing you, I'd like to know your reasons) on 2/5 when it closed at the bottom of its range; the Relative Strength Line was lower than the day previous (even though POSS hit a new high); and the down-day volume was higher than ADV. Also, on 2/12 there seemed more reason to sell (POSS gapped lower on 2½ times ADV). What justifed your keeping the stock? Finally, would you consider buying it again when the mkt. turns bull? jans In a message dated 2/20/2003 4:40:16 PM Eastern Standard Time, ed@macktracks.com writes: << In $18.40 1/10/03- out $17.8021 on 2/14/03 Ed Gjertsen II ed@macktracks.com -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Sol Mayer Sent: Thursday, February 20, 2003 1:58 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] POSS Where did you get in on POSS and when and where did you get out? >> - - - -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: Fri, 21 Feb 2003 14:19:56 -0800 From: Eddie Garratt Subject: RE: [CANSLIM] POSS I would tend to agree with you as well that Canslim principles are no = longer working in "timing trades". If you happen to be in stock that breaks = out, your almost assured better results by selling into strenght than = holding for any period of time. I did just that with ERES lately, selling 5000 = shares today which I bought a few months back around $14.00. However, I = think the paper and Canslim philosophy puts you onto many good stocks that you = might not otherwise notice. Then when the stocks fail once or twice and move = back to lower trading ranges, they can be picked up at a decent price. I = would use APPX as a good example right now. As it approaches earnings next = week and with an expected good report, it will more than likely move up a = few dollars. If it does, I will sell into strenght for hopefully a good = profit and look for the next trade. I'm also in GRMN right now (around 18.50) = and think that that one too may have run it's coarse.=20 Right now for me, IBD is a Data Mining publication. =20 - -----Original Message----- From: david frank [mailto:camelot.homes@charter.net] Sent: Friday, February 21, 2003 1:53 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] POSS Personally, I believe, canslim is pretty well dead. Even with ebay, = apa, or zmh, this week, one had to be lucky to get in and cheat canslim = principles. And look at all the failures. Dave - ----- Original Message ----- From: "Edward W. Gjertsen II" To: Sent: Friday, February 21, 2003 9:03 AM Subject: RE: [CANSLIM] POSS This is why I enjoy the group so much. POSS did reverse and closed = just above its lows on 2/5. S&P500 did the same. If you remember, on 2/5 the market started positive then reversed midday. We believed that = POSS may be building a handle here hitting resistance of 21.75 back in March '02. I suggested here and on the show to add a small amount of POSS should a handle develop and break above the pivot. Your point is well taken and we debated whether to sell on 2/12. Being a relatively small position and the volatility of the market, we were comfortable in letting the stock attempt to prove itself to hold the 50DMA. 2/12 was the first distribution day since 1/24 and that was the day earnings = were released. We may look at it again but is would have to build a new = base and their fundamentals would have to remain strong. In regards to the RS. There are many times where, in the short run, the RS will diverge from price. We tend to look at more than one day's divergence for = signs of concern. Thank you for your questions. Ed Gjertsen II ed@macktracks.com Confidentiality Notice: This e-mail message, including any attachments, is for the sole use of the intended recipient(s) and may contain confidential and privileged information. Any unauthorized review, use, disclosure or distribution is prohibited. If you are not the intended recipient, please contact the sender by reply e-mail and destroy all copies of the original message. - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of = Spencer48@aol.com Sent: Thursday, February 20, 2003 9:41 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] POSS Ed: Why did you keep POSS (I'm not second guessing you, I'd like to know your reasons) on 2/5 when it closed at the bottom of its range; the Relative Strength Line was lower than the day previous (even though POSS hit a new high); and the down-day volume was higher than ADV. Also, on 2/12 there seemed more reason to sell (POSS gapped lower on 2=BD times ADV). What justifed your keeping the stock? Finally, would you consider buying it again when the mkt. turns bull? jans In a message dated 2/20/2003 4:40:16 PM Eastern Standard Time, ed@macktracks.com writes: << In $18.40 1/10/03- out $17.8021 on 2/14/03 Ed Gjertsen II ed@macktracks.com -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Sol Mayer Sent: Thursday, February 20, 2003 1:58 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] POSS Where did you get in on POSS and when and where did you get out? >> - - - -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: Fri, 21 Feb 2003 17:48:03 EST From: Chazmoore@aol.com Subject: Re: [CANSLIM] POSS - --part1_9.ad3cae8.2b8806a3_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit By definition, CANSLIM is bull market investment method. If you follow CANSLIM to the letter you should be out of the market and in cash or fixed income. CANSLIM is not dead, it is in hibernation until the market improves. When will that be? My personal target is when the S&P 500 crosses the 200 DMA with vigor. Charley - --part1_9.ad3cae8.2b8806a3_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: quoted-printable By definition, CANSLIM is= bull market investment method. If you follow CANSLIM to the letter you shou= ld be out of the market and in cash or fixed income. CANSLIM is not dead, it= is in hibernation until the market improves. When will that be? My personal= target is when the S&P 500 crosses the 200 DMA with vigor.
Charley - --part1_9.ad3cae8.2b8806a3_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: Fri, 21 Feb 2003 17:01:55 -0600 From: "david frank" Subject: Re: [CANSLIM] POSS This is a multi-part message in MIME format. - ------=_NextPart_000_0193_01C2D9CA.EFDAA4A0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Seems to me CANSLIM has come out of hibernation approximately 15 times = in the past 3 years and got shot back in it's hole each time, thereby, = making it a sick system. that is why I said it is pretty well dead. Even = your personal target is not within CANSLIM guide-lines. Dave From: Chazmoore@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Friday, February 21, 2003 4:48 PM Subject: Re: [CANSLIM] POSS By definition, CANSLIM is bull market investment method. If you follow = CANSLIM to the letter you should be out of the market and in cash or = fixed income. CANSLIM is not dead, it is in hibernation until the market = improves. When will that be? My personal target is when the S&P 500 = crosses the 200 DMA with vigor.=20 Charley - ------=_NextPart_000_0193_01C2D9CA.EFDAA4A0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Seems to me CANSLIM has come out of = hibernation=20 approximately 15 times in the past 3 years and got shot back in it's = hole each=20 time, thereby, making it a sick system. that is why I said it is pretty = well=20 dead. Even your personal target is not within CANSLIM guide-lines.=20  Dave
From:=20 Chazmoore@aol.com
Sent: Friday, February 21, 2003 = 4:48=20 PM
Subject: Re: [CANSLIM] = POSS

By = definition, CANSLIM=20 is bull market investment method. If you follow CANSLIM to the letter = you=20 should be out of the market and in cash or fixed income. CANSLIM is = not dead,=20 it is in hibernation until the market improves. When will that be? My = personal=20 target is when the S&P 500 crosses the 200 DMA with vigor.=20
Charley - ------=_NextPart_000_0193_01C2D9CA.EFDAA4A0-- - - - -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: Fri, 21 Feb 2003 18:20:10 EST From: KLall1112@aol.com Subject: Re: [CANSLIM] WebFn - --part1_19f.112b1d01.2b880e2a_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Dear Ed: I enjoyed watching you today on Webfn. You were modest in taking the compliment that you were right in your market prediction this week. I liked your comments on BUY/HOLD. As investors we need this discipline of using stops and taking half profits when the position has doubled and in between is an art. Thanks for your lucid presentation. Kris - --part1_19f.112b1d01.2b880e2a_boundary Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: quoted-printable Dear Ed:

I enjoyed watching you today on Webfn. You were modest in taking the complim= ent that you were right in your market prediction this week. I liked your co= mments on BUY/HOLD. As investors we need this discipline of using stops and=20= taking half profits when the position has doubled and in between is an art.=20=

Thanks for your lucid presentation.

Kris - --part1_19f.112b1d01.2b880e2a_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: Fri, 21 Feb 2003 18:11:36 -0600 From: "Joe McCall" Subject: Re: [CANSLIM] POSS This is a multi-part message in MIME format. - ------=_NextPart_000_0018_01C2D9D4.AC508F10 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Dave, If CANSLIM hasn't worked for at least keeping your losses at a minimum, = please enlighten us on what you think has worked in the last 3 years. = The beauty of CANSLIM in this bear market is the 8% sell rule. How can = that be sick? My returns haven't been great, but I have never been down = more than 4% in my portfolio. Joe ----- Originadl Message -----=20 From: david frank=20 To: canslim@lists.xmission.com=20 Sent: Friday, February 21, 2003 5:01 PM Subject: Re: [CANSLIM] POSS Seems to me CANSLIM has come out of hibernation approximately 15 times = in the past 3 years and got shot back in it's hole each time, thereby, = making it a sick system. that is why I said it is pretty well dead. Even = your personal target is not within CANSLIM guide-lines. Dave From: Chazmoore@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Friday, February 21, 2003 4:48 PM Subject: Re: [CANSLIM] POSS By definition, CANSLIM is bull market investment method. If you = follow CANSLIM to the letter you should be out of the market and in cash = or fixed income. CANSLIM is not dead, it is in hibernation until the = market improves. When will that be? My personal target is when the S&P = 500 crosses the 200 DMA with vigor.=20 Charley=20 - ------=_NextPart_000_0018_01C2D9D4.AC508F10 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Dave,
 
If CANSLIM hasn't worked for at=20 least keeping your losses at a minimum, please enlighten us on what = you=20 think has worked in the last 3 years.  The beauty of CANSLIM in = this bear=20 market is the 8% sell rule.  How can that be sick?  My = returns=20 haven't been great, but I have never been down more than 4% in my=20 portfolio.
 
Joe
 
----- Originadl Message -----
From:=20 david frank
Sent: Friday, February 21, 2003 = 5:01=20 PM
Subject: Re: [CANSLIM] = POSS

Seems to me CANSLIM has come out of = hibernation=20 approximately 15 times in the past 3 years and got shot back in it's = hole each=20 time, thereby, making it a sick system. that is why I said it is = pretty well=20 dead. Even your personal target is not within CANSLIM guide-lines.=20  Dave
From:=20 Chazmoore@aol.com
Sent: Friday, February 21, = 2003 4:48=20 PM
Subject: Re: [CANSLIM] = POSS

By = definition,=20 CANSLIM is bull market investment method. If you follow CANSLIM to = the=20 letter you should be out of the market and in cash or fixed income. = CANSLIM=20 is not dead, it is in hibernation until the market improves. When = will that=20 be? My personal target is when the S&P 500 crosses the 200 DMA = with=20 vigor.
Charley =
- ------=_NextPart_000_0018_01C2D9D4.AC508F10-- - - - -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: Fri, 21 Feb 2003 18:44:59 -0600 From: "david frank" Subject: Re: [CANSLIM] POSS This is a multi-part message in MIME format. - ------=_NextPart_000_01E4_01C2D9D9.55C9E2E0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Joe, I agree with you. There are a lot of systems out there being touted = and 99.5% will not make you any money, including canslim, at this point. = I'm glad that you learnt money management. I believe Marty Schwartz said = in the first Market Wizard book, that money management, money = management, money management is the most important thing to learn about = stock investment. He also wrote, Pit Bull, which is a good book. I = believe the 8% sell rule is too high, and believe WON has lessen it to = 5%, which for me is still too high. I have developed a day trading = system, for myself, that makes me some bucks. I wish there was a true = bull market, but I'm afraid this bear market might last for some time. I = love canslim, after looking at all the other systems. Dave ----- Original Message -----=20 From: Joe McCall=20 To: canslim@lists.xmission.com=20 Sent: Friday, February 21, 2003 6:11 PM Subject: Re: [CANSLIM] POSS Dave, If CANSLIM hasn't worked for at least keeping your losses at a = minimum, please enlighten us on what you think has worked in the last 3 = years. The beauty of CANSLIM in this bear market is the 8% sell rule. = How can that be sick? My returns haven't been great, but I have never = been down more than 4% in my portfolio. Joe ----- Originadl Message -----=20 From: david frank=20 To: canslim@lists.xmission.com=20 Sent: Friday, February 21, 2003 5:01 PM Subject: Re: [CANSLIM] POSS Seems to me CANSLIM has come out of hibernation approximately 15 = times in the past 3 years and got shot back in it's hole each time, = thereby, making it a sick system. that is why I said it is pretty well = dead. Even your personal target is not within CANSLIM guide-lines. Dave From: Chazmoore@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Friday, February 21, 2003 4:48 PM Subject: Re: [CANSLIM] POSS By definition, CANSLIM is bull market investment method. If you = follow CANSLIM to the letter you should be out of the market and in cash = or fixed income. CANSLIM is not dead, it is in hibernation until the = market improves. When will that be? My personal target is when the S&P = 500 crosses the 200 DMA with vigor.=20 Charley - ------=_NextPart_000_01E4_01C2D9D9.55C9E2E0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Joe, I agree with you. There are a lot = of systems=20 out there being touted and 99.5% will not make you any money, including = canslim,=20 at this point. I'm glad that you learnt money management. I believe = Marty=20 Schwartz said in the first Market Wizard book, that = money management, money=20 management, money management is the most important thing to learn about = stock=20 investment. He also wrote, Pit Bull, which is a good book. I believe the = 8% sell=20 rule is too high, and believe WON has lessen it to 5%, which for me is = still too=20 high. I have developed a day trading system, for myself, that makes me = some=20 bucks. I wish there was a true bull market, but I'm afraid this bear = market=20 might last for some time. I love canslim, after looking at all the other = systems. Dave
----- Original Message -----
From:=20 Joe = McCall=20
Sent: Friday, February 21, 2003 = 6:11=20 PM
Subject: Re: [CANSLIM] = POSS

Dave,
 
If CANSLIM hasn't worked for at = least keeping your losses at a minimum, please enlighten us on = what you=20 think has worked in the last 3 years.  The beauty of CANSLIM in = this bear=20 market is the 8% sell rule.  How can that be sick?  My = returns=20 haven't been great, but I have never been down more than 4% in my=20 portfolio.
 
Joe
 
----- Originadl Message -----
From:=20 david frank
Sent: Friday, February 21, = 2003 5:01=20 PM
Subject: Re: [CANSLIM] = POSS

Seems to me CANSLIM has come out of = hibernation=20 approximately 15 times in the past 3 years and got shot back in it's = hole=20 each time, thereby, making it a sick system. that is why I said it = is pretty=20 well dead. Even your personal target is not within CANSLIM = guide-lines.=20  Dave
From:=20 Chazmoore@aol.com
To: canslim@lists.xmission.com= =20
Sent: Friday, February 21, = 2003 4:48=20 PM
Subject: Re: [CANSLIM] = POSS

By = definition,=20 CANSLIM is bull market investment method. If you follow CANSLIM to = the=20 letter you should be out of the market and in cash or fixed = income.=20 CANSLIM is not dead, it is in hibernation until the market = improves. When=20 will that be? My personal target is when the S&P 500 crosses = the 200=20 DMA with vigor.
Charley=20
- ------=_NextPart_000_01E4_01C2D9D9.55C9E2E0-- - - - -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: Fri, 21 Feb 2003 15:36:19 -1000 From: "Roger" Subject: Re: [CANSLIM] POSS This is a multi-part message in MIME format. - ------=_NextPart_000_0009_01C2D9BE.FA8F3CA0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Dave/Joe Amen I am down over 25% in the last 3 years without CANSLIM the 8% rule = sounds great I am just siting on the side lines int a bout a 50% cash = position wating for M Aloha Roger ----- Original Message -----=20 From: Joe McCall=20 To: canslim@lists.xmission.com=20 Sent: Friday, February 21, 2003 2:11 PM Subject: Re: [CANSLIM] POSS Dave, If CANSLIM hasn't worked for at least keeping your losses at a = minimum, please enlighten us on what you think has worked in the last 3 = years. The beauty of CANSLIM in this bear market is the 8% sell rule. = How can that be sick? My returns haven't been great, but I have never = been down more than 4% in my portfolio. Joe ----- Originadl Message -----=20 From: david frank=20 To: canslim@lists.xmission.com=20 Sent: Friday, February 21, 2003 5:01 PM Subject: Re: [CANSLIM] POSS Seems to me CANSLIM has come out of hibernation approximately 15 = times in the past 3 years and got shot back in it's hole each time, = thereby, making it a sick system. that is why I said it is pretty well = dead. Even your personal target is not within CANSLIM guide-lines. Dave From: Chazmoore@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Friday, February 21, 2003 4:48 PM Subject: Re: [CANSLIM] POSS By definition, CANSLIM is bull market investment method. If you = follow CANSLIM to the letter you should be out of the market and in cash = or fixed income. CANSLIM is not dead, it is in hibernation until the = market improves. When will that be? My personal target is when the S&P = 500 crosses the 200 DMA with vigor.=20 Charley=20 - ------=_NextPart_000_0009_01C2D9BE.FA8F3CA0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Dave/Joe
Amen = I am down over=20 25% in the last 3 years without CANSLIM the 8% rule sounds great I am = just=20 siting on the side lines int a bout a 50% cash position wating for=20 M
Aloha
Roger
----- Original Message -----
From:=20 Joe = McCall=20
Sent: Friday, February 21, 2003 = 2:11=20 PM
Subject: Re: [CANSLIM] = POSS

Dave,
 
If CANSLIM hasn't worked for at = least keeping your losses at a minimum, please enlighten us on = what you=20 think has worked in the last 3 years.  The beauty of CANSLIM in = this bear=20 market is the 8% sell rule.  How can that be sick?  My = returns=20 haven't been great, but I have never been down more than 4% in my=20 portfolio.
 
Joe
 
----- Originadl Message -----
From:=20 david frank
Sent: Friday, February 21, = 2003 5:01=20 PM
Subject: Re: [CANSLIM] = POSS

Seems to me CANSLIM has come out of = hibernation=20 approximately 15 times in the past 3 years and got shot back in it's = hole=20 each time, thereby, making it a sick system. that is why I said it = is pretty=20 well dead. Even your personal target is not within CANSLIM = guide-lines.=20  Dave
From:=20 Chazmoore@aol.com
To: canslim@lists.xmission.com= =20
Sent: Friday, February 21, = 2003 4:48=20 PM
Subject: Re: [CANSLIM] = POSS

By = definition,=20 CANSLIM is bull market investment method. If you follow CANSLIM to = the=20 letter you should be out of the market and in cash or fixed = income.=20 CANSLIM is not dead, it is in hibernation until the market = improves. When=20 will that be? My personal target is when the S&P 500 crosses = the 200=20 DMA with vigor.
Charley=20
- ------=_NextPart_000_0009_01C2D9BE.FA8F3CA0-- - - - -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: Fri, 21 Feb 2003 22:37:37 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] POSS This is a multi-part message in MIME format. - ------=_NextPart_000_00EA_01C2D9F9.D59E2330 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable David, I have seen nothing in the markets over the past several years of a = protracted bear market that would require a change in the concept, = philosophy, or general rules of CANSLIM. As I perceive CANSLIM, it is a = system / style / method / philosophy designed for investors, especially = ones with mid to long term horizons. It certainly is not designed nor = intended for short term / day trading. Many in this group have expressed = the opinion that "M" is the single most important letter of the seven, I = happen to completely agree with that, especially for less experienced = investors / CANSLIMers. That is doubly true if their risk tolerance is = average or lower. Money can and has been made, strictly on the long side, no options, no = shorting, during the past several years by following one's own = interpretation of CANSLIM. Without any argument, however, that meant = taking greater risk, generally required more experience both with = investing in general and CANSLIM in particular, and was certainly for me = far greater work with less reward. "M" has been telling us to stay in = cash, and that is what most have done, judging by the daily volume, as = well as the amount of posting in this group. It has been at least 2 years since market conditions favored the CANSLIM = style of investing, even more years since long term investors were = handsomely rewarded for their patience and trust in a company. During = that time we have had lots of reasons additionally to remain in cash, = including the dot com bubble bursting, direct act of terrorism against = the United States, recession, weak recovering economy, upcoming war with = Iraq, threats by N. Korea, Japan in a major recession and with their = financial infrastructure on a continual edge of total collapse, and not = to ever be forgotten corporate governance issues including fraud, = deceit, loss of trust, personal executive greed, etc. If you think about it, that's actually a lot for any market to simply = survive in just a few years. It's amazing to me that there is still = anyone left (besides me, that is) that will even still stick a few bucks = in the market and take a chance. CANSLIM will again have its heyday, when "M" says its time, and this = bear market finally retreats back into its cave for an extended = hibernation. Until then, it will be CANSLIM hibernating, coming out = occasionally to see if the weather has begun to thaw the ice, and going = back into the cave if the answer is still no. The big lesson of CANSLIM = is to preserve your capital so you survive to see better days. There's = nothing "sick" about the system, it's doing exactly what it is designed = and intended to do, preserve your capital until "M" favors the = investors. - ----- Original Message -----=20 From: david frank=20 To: canslim@lists.xmission.com=20 Sent: Friday, February 21, 2003 6:01 PM Subject: Re: [CANSLIM] POSS Seems to me CANSLIM has come out of hibernation approximately 15 times = in the past 3 years and got shot back in it's hole each time, thereby, = making it a sick system. that is why I said it is pretty well dead. Even = your personal target is not within CANSLIM guide-lines. Dave From: Chazmoore@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Friday, February 21, 2003 4:48 PM Subject: Re: [CANSLIM] POSS By definition, CANSLIM is bull market investment method. If you follow = CANSLIM to the letter you should be out of the market and in cash or = fixed income. CANSLIM is not dead, it is in hibernation until the market = improves. When will that be? My personal target is when the S&P 500 = crosses the 200 DMA with vigor.=20 Charley - ------=_NextPart_000_00EA_01C2D9F9.D59E2330 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
David,
 
I have seen nothing in the markets over the past = several=20 years of a protracted bear market that would require a change in the = concept,=20 philosophy, or general rules of CANSLIM. As I perceive CANSLIM, it is a = system /=20 style / method / philosophy designed for investors, especially ones with = mid to=20 long term horizons. It certainly is not designed nor intended for short = term /=20 day trading. Many in this group have expressed the opinion that "M" is = the=20 single most important letter of the seven, I happen to completely agree = with=20 that, especially for less experienced investors / CANSLIMers. That is = doubly=20 true if their risk tolerance is average or lower.
 
Money can and has been made, strictly on the = long side, no=20 options, no shorting, during the past several years by following one's = own=20 interpretation of CANSLIM. Without any argument, however, that meant = taking=20 greater risk, generally required more experience both with investing in = general=20 and CANSLIM in particular, and was certainly for me far greater work = with less=20 reward. "M" has been telling us to stay in cash, and that is what most = have=20 done, judging by the daily volume, as well as the amount of posting in = this=20 group.
 
It has been at least 2 years since market = conditions=20 favored the CANSLIM style of investing, even more years since long term=20 investors were handsomely rewarded for their patience and trust in a = company.=20 During that time we have had lots of reasons additionally to remain in = cash,=20 including the dot com bubble bursting, direct act of terrorism against = the=20 United States, recession, weak recovering economy, upcoming war with = Iraq,=20 threats by N. Korea, Japan in a major recession and with their financial = infrastructure on a continual edge of total collapse, and not to ever be = forgotten corporate governance issues including fraud, deceit, loss of = trust,=20 personal executive greed, etc.
 
If you think about it, that's actually a lot for = any=20 market to simply survive in just a few years. It's amazing to me that = there is=20 still anyone left (besides me, that is) that will even still stick a few = bucks=20 in the market and take a chance.
 
CANSLIM will again have its heyday, when "M" = says its=20 time, and this bear market finally retreats back into its cave for an = extended=20 hibernation. Until then, it will be CANSLIM hibernating, coming out = occasionally=20 to see if the weather has begun to thaw the ice, and going back into the = cave if=20 the answer is still no. The big lesson of CANSLIM is to preserve your = capital so=20 you survive to see better days. There's nothing "sick" about the system, = it's=20 doing exactly what it is designed and intended to do, preserve your = capital=20 until "M" favors the investors.
 
----- Original Message -----=20
From: david=20 frank
Sent: Friday, February 21, 2003 6:01 PM
Subject: Re: [CANSLIM] POSS

Seems to me CANSLIM has come out of = hibernation=20 approximately 15 times in the past 3 years and got shot back in it's = hole each=20 time, thereby, making it a sick system. that is why I said it is pretty = well=20 dead. Even your personal target is not within CANSLIM guide-lines.=20  Dave
From:=20 Chazmoore@aol.com
Sent: Friday, February 21, 2003 = 4:48=20 PM
Subject: Re: [CANSLIM] = POSS

By = definition, CANSLIM=20 is bull market investment method. If you follow CANSLIM to the letter = you=20 should be out of the market and in cash or fixed income. CANSLIM is = not dead,=20 it is in hibernation until the market improves. When will that be? My = personal=20 target is when the S&P 500 crosses the 200 DMA with vigor.=20
Charley - ------=_NextPart_000_00EA_01C2D9F9.D59E2330-- - - - -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 #3176 ****************************** 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.