From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #3177 Reply-To: canslim Sender: owner-canslim-digest@lists.xmission.com Errors-To: owner-canslim-digest@lists.xmission.com Precedence: bulk Content-Transfer-Encoding: quoted-printable X-No-Archive: yes canslim-digest Saturday, February 22 2003 Volume 02 : Number 3177 In this issue: Re: [CANSLIM] POSS Re: [CANSLIM] POSS RE: [CANSLIM] POSS ---------------------------------------------------------------------- Date: Fri, 21 Feb 2003 22:01:07 -0600 From: Gene Ricci Subject: Re: [CANSLIM] POSS This is a multi-part message in MIME format. - ------=_NextPart_000_0047_01C2D9F4.BC89CBB0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Tom, thanks for your succinct analysis of 'fate' of CANSLIM.=20 Since I short, M does not always equal up! Isn't the 'real' answer to = take advantage of the market direction and short or buy Puts when it's = heading south. If an 'investor' has had to sit on the sidelines during = this protracted downturn where did their income come from? I'm convinced = that this market will meander for quite a spell... not being equipped to = play both directions will be a costly mistake...=20 My 2 cents Gene=20 ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Friday, February 21, 2003 9:37 PM Subject: Re: [CANSLIM] POSS 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_0047_01C2D9F4.BC89CBB0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Tom, thanks for your succinct analysis = of 'fate'=20 of CANSLIM. 
 
Since I short, M does not always equal = up!=20  Isn't the 'real' answer to take advantage of the market direction = and=20 short or buy Puts when it's heading south. If an 'investor' has had to = sit on=20 the sidelines during this protracted downturn where did their = income come=20 from? I'm convinced that this market will meander for quite a = spell... not=20 being equipped to play both directions will be a costly=20 mistake... 
 
My 2 cents
Gene 
----- Original Message -----
From:=20 Tom=20 Worley
To: canslim@lists.xmission.com=
Sent: Friday, February 21, 2003 = 9:37=20 PM
Subject: Re: [CANSLIM] = POSS

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=20 to long term horizons. It certainly is not designed nor intended for = short=20 term / day trading. Many in this group have expressed the opinion that = "M" is=20 the single most important letter of the seven, I happen to completely = agree=20 with that, especially for less experienced investors / CANSLIMers. = That is=20 doubly true if their risk tolerance is average or lower.
 
Money can and has been made, strictly on the = long side,=20 no 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=20 general and CANSLIM in particular, and was certainly for me far = greater work=20 with less reward. "M" has been telling us to stay in cash, and that is = what=20 most have done, judging by the daily volume, as well as the amount of = posting=20 in this 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=20 infrastructure on a continual edge of total collapse, and not to ever = be=20 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=20 occasionally to see if the weather has begun to thaw the ice, and = going back=20 into the cave if the answer is still no. The big lesson of CANSLIM is = to=20 preserve your capital so you survive to see better days. There's = nothing=20 "sick" about the system, it's doing exactly what it is designed and = intended=20 to do, preserve your capital until "M" favors the = investors.
 
----- Original Message -----=20
From: david=20 frank
To: canslim@lists.xmission.com=
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,=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_0047_01C2D9F4.BC89CBB0-- - - - -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 23:13:46 -0500 From: "Tom Worley" Subject: Re: [CANSLIM] POSS This is a multi-part message in MIME format. - ------=_NextPart_000_012C_01C2D9FE.E2466520 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Gene, Shorting was never an integral part of CANSLIM, altho WON did write a = booklet on the subject. Shorting is also something that even experienced = investors never quite get the hang of, and manage to lose money on both = sides (shorting wrong, then covering wrong). I have seen it many times, = have even seen some get it wrong three times in a row (short wrong, = cover wrong, then go long the same stock and lose there as well). Just as a protracted bull market can favor CANSLIM, a protracted bear = market can favor shorting. For those that know what they are doing, yes, = shorting has been a much easier way to make money in the past several = years, albeit still with considerable risks. Anyone who is trying to live off their investments is less likely to be = employing CANSLIM, and more likely to be buying blue chips with adequate = dividends, or even bonds. Otherwise, I would expect them to be doing = more day or very short term trading, trying to nick a quarter or half = point on large volume trades. None of this would be considered CANSLIM. - ----- Original Message -----=20 From: Gene Ricci=20 To: canslim@lists.xmission.com=20 Sent: Friday, February 21, 2003 11:01 PM Subject: Re: [CANSLIM] POSS Tom, thanks for your succinct analysis of 'fate' of CANSLIM.=20 Since I short, M does not always equal up! Isn't the 'real' answer to = take advantage of the market direction and short or buy Puts when it's = heading south. If an 'investor' has had to sit on the sidelines during = this protracted downturn where did their income come from? I'm convinced = that this market will meander for quite a spell... not being equipped to = play both directions will be a costly mistake...=20 My 2 cents Gene=20 ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Friday, February 21, 2003 9:37 PM Subject: Re: [CANSLIM] POSS 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_012C_01C2D9FE.E2466520 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi Gene,
 
Shorting was never an integral part of CANSLIM, = altho WON=20 did write a booklet on the subject. Shorting is also something that even = experienced investors never quite get the hang of, and manage to lose = money on=20 both sides (shorting wrong, then covering wrong). I have seen it many = times,=20 have even seen some get it wrong three times in a row (short wrong, = cover wrong,=20 then go long the same stock and lose there as well).
 
Just as a protracted bull market can favor = CANSLIM, a=20 protracted bear market can favor shorting. For those that know what they = are=20 doing, yes, shorting has been a much easier way to make money in the = past=20 several years, albeit still with considerable risks.
 
Anyone who is trying to live off their = investments is less=20 likely to be employing CANSLIM, and more likely to be buying blue chips = with=20 adequate dividends, or even bonds. Otherwise, I would expect them to be = doing=20 more day or very short term trading, trying to nick a quarter or half = point on=20 large volume trades. None of this would be considered = CANSLIM.
 
----- Original Message -----
From: Gene Ricci =
To: canslim@lists.xmission.com=
Sent: Friday, February 21, 2003 11:01 PM
Subject: Re: [CANSLIM] POSS

Tom, thanks for your succinct analysis = of 'fate'=20 of CANSLIM. 
 
Since I short, M does not always equal = up!=20  Isn't the 'real' answer to take advantage of the market direction = and=20 short or buy Puts when it's heading south. If an 'investor' has had to = sit on=20 the sidelines during this protracted downturn where did their = income come=20 from? I'm convinced that this market will meander for quite a = spell... not=20 being equipped to play both directions will be a costly=20 mistake... 
 
My 2 cents
Gene 
----- Original Message -----
From:=20 Tom=20 Worley
To: canslim@lists.xmission.com=
Sent: Friday, February 21, 2003 = 9:37=20 PM
Subject: Re: [CANSLIM] = POSS

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=20 to long term horizons. It certainly is not designed nor intended for = short=20 term / day trading. Many in this group have expressed the opinion that = "M" is=20 the single most important letter of the seven, I happen to completely = agree=20 with that, especially for less experienced investors / CANSLIMers. = That is=20 doubly true if their risk tolerance is average or lower.
 
Money can and has been made, strictly on the = long side,=20 no 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=20 general and CANSLIM in particular, and was certainly for me far = greater work=20 with less reward. "M" has been telling us to stay in cash, and that is = what=20 most have done, judging by the daily volume, as well as the amount of = posting=20 in this 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=20 infrastructure on a continual edge of total collapse, and not to ever = be=20 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=20 occasionally to see if the weather has begun to thaw the ice, and = going back=20 into the cave if the answer is still no. The big lesson of CANSLIM is = to=20 preserve your capital so you survive to see better days. There's = nothing=20 "sick" about the system, it's doing exactly what it is designed and = intended=20 to do, preserve your capital 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,=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_012C_01C2D9FE.E2466520-- - - - -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, 22 Feb 2003 05:34:01 -0600 From: "Fred Richards" Subject: RE: [CANSLIM] POSS This is a multi-part message in MIME format. - ------=_NextPart_000_002F_01C2DA34.04443A50 Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit Excellent . . . we must be on the same wave length. The only thing I would add to all those who think CANSLIM is not appropriate for bear markets is that it still identifies companies which beat the market, e.g., TSCO, AEM, GG, GFI, and MSN last year. Compared to all the other investors who don't follow CANSLIM, it has maintained the value of the investors portfolio by keeping you in cash probably as well as any system out there. While not great, our CANSLIM portfolio did show profits in each of the last three years. Compared to the show of hands in most investors group, that puts CANSLIM investors in a small minority. Can't be all bad! - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Tom Worley Sent: Friday, February 21, 2003 9:38 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] POSS 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 ----- From: david frank To: canslim@lists.xmission.com 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 To: canslim@lists.xmission.com 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. Charley - ------=_NextPart_000_002F_01C2DA34.04443A50 Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: quoted-printable Message
Excellent . . . we must be on the same wave length.  The = only thing=20 I would add to all those who think CANSLIM is not appropriate for bear = markets=20 is that it still identifies companies which beat the market, e.g., TSCO, = AEM,=20 GG, GFI, and MSN last year.  Compared to all the other = investors who=20 don't follow CANSLIM, it has maintained the value of the investors = portfolio by=20 keeping you in cash probably as well as any system out there. =20
 
While=20 not great, our CANSLIM portfolio did show profits in each of the last = three=20 years.  Compared to the show of hands in most investors group, that = puts=20 CANSLIM investors in a small minority.  Can't be all=20 bad!
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]=20 On Behalf Of Tom Worley
Sent: Friday, February 21, = 2003 9:38=20 PM
To: canslim@lists.xmission.com
Subject: Re: = [CANSLIM]=20 POSS

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=20 to long term horizons. It certainly is not designed nor intended for = short=20 term / day trading. Many in this group have expressed the opinion that = "M" is=20 the single most important letter of the seven, I happen to completely = agree=20 with that, especially for less experienced investors / CANSLIMers. = That is=20 doubly true if their risk tolerance is average or lower.
 
Money can and has been made, strictly on the = long side,=20 no 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=20 general and CANSLIM in particular, and was certainly for me far = greater work=20 with less reward. "M" has been telling us to stay in cash, and that is = what=20 most have done, judging by the daily volume, as well as the amount of = posting=20 in this 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=20 infrastructure on a continual edge of total collapse, and not to ever = be=20 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=20 occasionally to see if the weather has begun to thaw the ice, and = going back=20 into the cave if the answer is still no. The big lesson of CANSLIM is = to=20 preserve your capital so you survive to see better days. There's = nothing=20 "sick" about the system, it's doing exactly what it is designed and = intended=20 to do, preserve your capital 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,=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 =
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