From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #3181 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 3181 In this issue: Re: [CANSLIM] POSS RE: [CANSLIM] Foreign Markets CANSLIM? [CANSLIM] Investors Business Daily Re: [CANSLIM] Foreign Markets CANSLIM? ---------------------------------------------------------------------- Date: Sat, 22 Feb 2003 11:57:02 -0800 (PST) From: Fanus Subject: Re: [CANSLIM] POSS David You obviously do not believe in CANSLIM. Why don't you rather spend your time and energy to find something you do believe in, instead of almost demanding from people on here to prove CANSLIM is working? No one here force you to use CANSLIM and no one here have to prove anything to you. If you don't like CANSLIM, then don't use it. As simple as that. Regards - - Fanus - --- david frank wrote: > MessageTom, I wasn't looking for "recommendations", > just facts. And I really appreciate your personal > opinion, which was based on my statements. I have > always noticed that your after-"recommendations" are > rather different than CANSLIM standards. If you > don't want to do the stock thing, you can tell us > when "M" is "M". You know it could be next > week-right? maybe, for the 16th time. Dave > ----- Original Message ----- > From: Tom Worley > To: canslim@lists.xmission.com > Sent: Saturday, February 22, 2003 11:21 AM > Subject: Re: [CANSLIM] POSS > > > sorry David, but my contributions here stick > strictly to mainstream CANSLIM. I work for a broker > dealer again, that means that my activity is subject > to scrutiny by the NASD and SEC. I don't post > anything that can be taken as a "recommendation", if > I did it would only be to clients paying for my > services, and where I had the KYC (Know Your > Customer) knowledge to be sure my comments, > recommendations, etc. were appropriate and suitable > for that client's particular financial condition, > risk tolerance, investment goals, etc. > > If I ever manage to make the right connection, and > find a job as a small cap growth fund manager, I > will be glad to tell you what fund I would be > running, and you could "participate" that way if you > so choose. > > I do disclose in my weekly WWW column what stocks > make that list where I have an interest. By no means > does that show my total market interest, nor give > insight into when or where I took that interest. But > that list is constructed completely differently than > my own personal buy or watch lists. > > And I am not here to lecture, I expressed my > personal opinion, you don't have to agree with it, > and are just as free to click on the Delete key as > to read my posts. > > ----- Original Message ----- > From: david frank > To: canslim@lists.xmission.com > Sent: Saturday, February 22, 2003 12:11 PM > Subject: Re: [CANSLIM] POSS > > > Tom and Fred, Thank you for the standard CANSLIM > lectures. To make things more interesting, for us > that sweep floors for a living, why don't you tell > us when "M" is "M". And, also, tell us which stock > you are buying, what price you are paying, your > stop, and where you will take profits. Then you are > putting your money and words where your mouth is, > wont cost you a dime, plus it will make an > interesting read here, and I promise I will not > front run you. Thank you very much. Dave > ----- Original Message ----- > From: Fred Richards > To: canslim@lists.xmission.com > Sent: Saturday, February 22, 2003 5:34 AM > Subject: RE: [CANSLIM] POSS > > > 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 __________________________________________________ Do you Yahoo!? Yahoo! Tax Center - forms, calculators, tips, more http://taxes.yahoo.com/ - - - -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 15:44:59 -0600 From: "Katherine Malm" Subject: RE: [CANSLIM] Foreign Markets CANSLIM? This is a multi-part message in MIME format. - ------=_NextPart_000_0038_01C2DA89.5AE7CA70 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit Hi Jon, One thing you might consider is using the ETFs for foreign markets. That takes out a bit of the risk of trying to evaluate individual foreign equities. ETF's get an RSRank and you can read all the normal technicals on them. That's something I've been doing for quite a few years when I want to take advantage of significant moves in non-US markets. Go to www.ishares.com and you'll see a section on International ETFs. Katherine -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Jonathan Lobatto Sent: Saturday, February 22, 2003 1:57 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Foreign Markets CANSLIM? Tom, I agree with much of what you say. However, I might point out that analysis of politics, economics and exchange rates is in my opinion of minor value in determining "M", as it is mostly discounted (i.e. in the market already). Those of us old enough to recall the mid 70s, or the early 80s will remember that all the macro factors looked awful. If one had made decisions based on the considerations you mention above, it would have been easy to stay out of the market years past the bottoms. If anyone states that they analyzed the macro sitaution back then and decided to invest based on the economic and political outlook and exchange rates, I'd be highly skeptical. I know things looked grim to me. Yes, the U.S. is the biggest market, but the growth rates in the coming decades will be highest in China, Asia (ex-Japan) and India and I'm just looking ahead and wondering how a US based investor can benefit from this. Jon ----- Original Message ----- From: Tom Worley To: canslim@lists.xmission.com Sent: Saturday, February 22, 2003 2:19 PM Subject: Re: [CANSLIM] Foreign Markets CANSLIM? Jonathan, I monitor daily all global exchanges, but have done little investing outside the USA. My reasons are pretty basic, I have too little time to keep up with politics, economics, exchange rates, etc. right here. Trying to obtain and stay current on these matters (which I deem important to me in assessing "M") in any foreign country, much less a foreign region of many countries, many of which may be unstable and subject to rapid political change, would be too much except as a full time occupation. Additionally, DGO remains my data source of choice for the moment, and they provide very little coverage of foreign stocks. The different accounting systems as well deter me from foreign companies, as well as the lack of regulation and financial reporting required. As you note, unless the company was listed on a US exchange, there are the added difficulties of opening an account in another country (and reporting it on your tax return as well), not to mention the additional risk of foreign exchange rate changes. The US economy remains the biggest (and I believe the strongest / healthiest / most likely to recover first), and I would expect other economies to trail when true recovery finally begins. I would not want to have my money trapped in yen, or baht, or francs, or pounds, or whatever, while the US markets finally take off. The decades of research that went into the development and refinement of CANSLIM was mostly done on US stocks. While in theory I see no reason why it could not be applied elsewhere, a lot of the tools are lacking even for back testing, and the risks and difficulties are greater. ----- Original Message ----- From: Jonathan Lobatto To: canslim@lists.xmission.com Sent: Saturday, February 22, 2003 2:08 PM Subject: [CANSLIM] Foreign Markets CANSLIM? As has been discussed here for a very long time, "M" stinks. However, there have been foreign markets (China and a few others) where "M" has actually been pretty decent the past year or so. I'm wondering if anyone has tried applying CANSLIM in a foreign market? After all, there's no philosophical reason (as opposed to practical ones) that it wouldn't be applicable to a non-US market. Now some will argue that foreign accounting and reporting doesn't have the same kind of transparency that our does, but after Enron (et al ad nauseum), what appears transparent was in reality totally obscured anyway. If one wanted to try, the first thing that would be handy would be a database that ranks the RS and EPS of foreign stocks. I know that it's possible to get this info for ADRS, but I'm sure there are hundreds of non-ADrs that would be suitable candidates also. Of course actually purchasing the stocks presents other difficulties, but it may be worth at least discussing. So, any ideas? Jon - ------=_NextPart_000_0038_01C2DA89.5AE7CA70 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi Jon,
 
One thing you might consider is = using the=20 ETFs for foreign markets. That takes out a bit of the risk of trying to = evaluate=20 individual foreign equities. ETF's get an RSRank and you can read all = the normal=20 technicals on them. That's something I've been doing for quite a few = years when=20 I want to take advantage of significant moves in non-US = markets.
 
Go to www.ishares.com and you'll see a = section on=20 International ETFs.
 
Katherine
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of Jonathan=20 Lobatto
Sent: Saturday, February 22, 2003 1:57 = PM
To:=20 canslim@lists.xmission.com
Subject: Re: [CANSLIM] Foreign = Markets=20 CANSLIM?

Tom,
 
I agree with much of what = you say.=20 However, I might point out that analysis of politics, economics and = exchange=20 rates is in my opinion of minor value in determining "M", as it is = mostly=20 discounted (i.e. in the market already). Those of us old enough = to recall=20 the mid 70s, or the early 80s will remember that all the macro factors = looked=20 awful. If one had made decisions based on the=20 considerations you mention above, it would have been easy to stay out = of the=20 market years past the bottoms. If anyone states that they analyzed the = macro=20 sitaution back then and decided to invest based on the economic and = political=20 outlook and exchange rates, I'd be highly skeptical. I know things = looked grim=20 to me.
 
Yes, the U.S. is the biggest = market, but=20 the growth rates in the coming decades will be highest in China, Asia=20 (ex-Japan) and India and I'm just looking ahead and wondering how a US = based=20 investor can benefit from this.
 
Jon
----- Original Message -----
From:=20 Tom=20 Worley
Sent: Saturday, February 22, = 2003 2:19=20 PM
Subject: Re: [CANSLIM] = Foreign Markets=20 CANSLIM?

Jonathan,
 
I monitor daily all global exchanges, but = have done=20 little investing outside the USA. My reasons are pretty basic, I = have too=20 little time to keep up with politics, economics, exchange rates, = etc. right=20 here. Trying to obtain and stay current on these matters (which I = deem=20 important to me in assessing "M") in any foreign country, much less = a=20 foreign region of many countries, many of which may be unstable and = subject=20 to rapid political change, would be too much except as a full time=20 occupation.
 
Additionally, DGO remains my data source of = choice for=20 the moment, and they provide very little coverage of foreign stocks. = The=20 different accounting systems as well deter me from foreign = companies, as=20 well as the lack of regulation and financial reporting=20 required.
 
As you note, unless the company was listed = on a US=20 exchange, there are the added difficulties of opening an account in = another=20 country (and reporting it on your tax return as well), not to = mention the=20 additional risk of foreign exchange rate changes. The US economy = remains the=20 biggest (and I believe the strongest / healthiest / most likely to = recover=20 first), and I would expect other economies to trail when true = recovery=20 finally begins. I would not want to have my money trapped in yen, or = baht,=20 or francs, or pounds, or whatever, while the US markets finally take = off.
 
The decades of research that went into the = development=20 and refinement of CANSLIM was mostly done on US stocks. While in = theory I=20 see no reason why it could not be applied elsewhere, a lot of the = tools are=20 lacking even for back testing, and the risks and difficulties are=20 greater.
 
----- Original Message -----=20
From: = Jonathan=20 Lobatto
Sent: Saturday, February 22, 2003 2:08 PM
Subject: [CANSLIM] Foreign Markets CANSLIM?

As has been discussed here = for a very=20 long time, "M" stinks. However, there have been foreign markets = (China=20 and a few others) where "M" has actually been pretty decent the past = year or=20 so. I'm wondering if anyone has tried applying CANSLIM in a foreign = market?=20 After all, there's no philosophical reason (as opposed to practical = ones)=20 that it wouldn't be applicable to a non-US market. Now some will = argue that=20 foreign accounting and reporting doesn't have the same kind of = transparency=20 that our does, but after Enron (et al ad nauseum), what appears = transparent=20 was in reality totally obscured anyway.
 
If one wanted to try, the = first thing=20 that would be handy would be a database that ranks the RS and EPS of = foreign=20 stocks. I know that it's possible to get this info for ADRS, but I'm = sure=20 there are hundreds of non-ADrs that would be suitable candidates = also. Of=20 course actually purchasing the stocks presents other difficulties, = but it=20 may be worth at least discussing. So, any ideas?
 
Jon
- ------=_NextPart_000_0038_01C2DA89.5AE7CA70-- - - - -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 16:35:08 -0800 From: "Chris Jones" Subject: [CANSLIM] Investors Business Daily This is a multi-part message in MIME format. - ------=_NextPart_000_004B_01C2DA90.5CE2ABE0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi -=20 I was just wondering how many of you use Investors Business Daily, and = how you feel it has helped your portfolio. Is it worth the cost? Or do = you prefer to get your information from other sources? What other = services do you subscribe to that have helped you in your investing? = Any comments appreciated! Chris - ------=_NextPart_000_004B_01C2DA90.5CE2ABE0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi -
 
I was just wondering how many of you = use Investors=20 Business Daily, and how you feel it has helped your portfolio.  Is = it worth=20 the cost?  Or do you prefer to get your information from other=20 sources?  What other services do you subscribe to that have helped = you in=20 your investing?  Any comments appreciated!
 
Chris
- ------=_NextPart_000_004B_01C2DA90.5CE2ABE0-- - - - -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 19:41:24 -0500 From: "Jonathan Lobatto" Subject: Re: [CANSLIM] Foreign Markets CANSLIM? This is a multi-part message in MIME format. - ------=_NextPart_000_007E_01C2DAAA.621F2920 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Thanks Katherine... I'm aware of ishares but was hoping for individual = stock ideas.... Jon ----- Original Message -----=20 From: Katherine Malm=20 To: canslim@lists.xmission.com=20 Sent: Saturday, February 22, 2003 4:44 PM Subject: RE: [CANSLIM] Foreign Markets CANSLIM? Hi Jon, One thing you might consider is using the ETFs for foreign markets. = That takes out a bit of the risk of trying to evaluate individual = foreign equities. ETF's get an RSRank and you can read all the normal = technicals on them. That's something I've been doing for quite a few = years when I want to take advantage of significant moves in non-US = markets. Go to www.ishares.com and you'll see a section on International ETFs. Katherine -----Original Message----- From: owner-canslim@lists.xmission.com = [mailto:owner-canslim@lists.xmission.com]On Behalf Of Jonathan Lobatto Sent: Saturday, February 22, 2003 1:57 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Foreign Markets CANSLIM? Tom, I agree with much of what you say. However, I might point out that = analysis of politics, economics and exchange rates is in my opinion of = minor value in determining "M", as it is mostly discounted (i.e. in the = market already). Those of us old enough to recall the mid 70s, or the = early 80s will remember that all the macro factors looked awful. If one = had made decisions based on the considerations you mention above, it = would have been easy to stay out of the market years past the bottoms. = If anyone states that they analyzed the macro sitaution back then and = decided to invest based on the economic and political outlook and = exchange rates, I'd be highly skeptical. I know things looked grim to = me. Yes, the U.S. is the biggest market, but the growth rates in the = coming decades will be highest in China, Asia (ex-Japan) and India and = I'm just looking ahead and wondering how a US based investor can benefit = from this. Jon ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Saturday, February 22, 2003 2:19 PM Subject: Re: [CANSLIM] Foreign Markets CANSLIM? Jonathan, I monitor daily all global exchanges, but have done little = investing outside the USA. My reasons are pretty basic, I have too = little time to keep up with politics, economics, exchange rates, etc. = right here. Trying to obtain and stay current on these matters (which I = deem important to me in assessing "M") in any foreign country, much less = a foreign region of many countries, many of which may be unstable and = subject to rapid political change, would be too much except as a full = time occupation. Additionally, DGO remains my data source of choice for the moment, = and they provide very little coverage of foreign stocks. The different = accounting systems as well deter me from foreign companies, as well as = the lack of regulation and financial reporting required. As you note, unless the company was listed on a US exchange, there = are the added difficulties of opening an account in another country (and = reporting it on your tax return as well), not to mention the additional = risk of foreign exchange rate changes. The US economy remains the = biggest (and I believe the strongest / healthiest / most likely to = recover first), and I would expect other economies to trail when true = recovery finally begins. I would not want to have my money trapped in = yen, or baht, or francs, or pounds, or whatever, while the US markets = finally take off. The decades of research that went into the development and = refinement of CANSLIM was mostly done on US stocks. While in theory I = see no reason why it could not be applied elsewhere, a lot of the tools = are lacking even for back testing, and the risks and difficulties are = greater. ----- Original Message -----=20 From: Jonathan Lobatto=20 To: canslim@lists.xmission.com=20 Sent: Saturday, February 22, 2003 2:08 PM Subject: [CANSLIM] Foreign Markets CANSLIM? As has been discussed here for a very long time, "M" stinks. = However, there have been foreign markets (China and a few others) where = "M" has actually been pretty decent the past year or so. I'm wondering = if anyone has tried applying CANSLIM in a foreign market? After all, = there's no philosophical reason (as opposed to practical ones) that it = wouldn't be applicable to a non-US market. Now some will argue that = foreign accounting and reporting doesn't have the same kind of = transparency that our does, but after Enron (et al ad nauseum), what = appears transparent was in reality totally obscured anyway. If one wanted to try, the first thing that would be handy would be = a database that ranks the RS and EPS of foreign stocks. I know that it's = possible to get this info for ADRS, but I'm sure there are hundreds of = non-ADrs that would be suitable candidates also. Of course actually = purchasing the stocks presents other difficulties, but it may be worth = at least discussing. So, any ideas? Jon - ------=_NextPart_000_007E_01C2DAAA.621F2920 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Thanks Katherine... I'm aware = of ishares=20 but was hoping for individual stock ideas....
 
Jon
----- Original Message -----
From:=20 Katherine=20 Malm
Sent: Saturday, February 22, = 2003 4:44=20 PM
Subject: RE: [CANSLIM] Foreign = Markets=20 CANSLIM?

Hi Jon,
 
One thing you might consider is = using the=20 ETFs for foreign markets. That takes out a bit of the risk of trying = to=20 evaluate individual foreign equities. ETF's get an RSRank and you can = read all=20 the normal technicals on them. That's something I've been doing for = quite a=20 few years when I want to take advantage of significant moves in non-US = markets.
 
Go to www.ishares.com and you'll see a = section on=20 International ETFs.
 
Katherine
-----Original Message-----
From:=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]On Behalf Of = Jonathan=20 Lobatto
Sent: Saturday, February 22, 2003 1:57 = PM
To:=20 canslim@lists.xmission.com
Subject: Re: [CANSLIM] Foreign = Markets=20 CANSLIM?

Tom,
 
I agree with much of what = you say.=20 However, I might point out that analysis of politics, economics and = exchange=20 rates is in my opinion of minor value in determining "M", as it is = mostly=20 discounted (i.e. in the market already). Those of us old enough = to=20 recall the mid 70s, or the early 80s will remember that all the = macro=20 factors looked awful. If one had made = decisions=20 based on the considerations you mention above, it would have been = easy to=20 stay out of the market years past the bottoms. If anyone states that = they=20 analyzed the macro sitaution back then and decided to invest based = on the=20 economic and political outlook and exchange rates, I'd be highly = skeptical.=20 I know things looked grim to me.
 
Yes, the U.S. is the = biggest market,=20 but the growth rates in the coming decades will be highest in China, = Asia=20 (ex-Japan) and India and I'm just looking ahead and wondering how a = US based=20 investor can benefit from this.
 
Jon
----- Original Message ----- =
From:=20 Tom=20 Worley
To: canslim@lists.xmission.com= =20
Sent: Saturday, February = 22, 2003=20 2:19 PM
Subject: Re: [CANSLIM] = Foreign=20 Markets CANSLIM?

Jonathan,
 
I monitor daily all global exchanges, but = have done=20 little investing outside the USA. My reasons are pretty basic, I = have too=20 little time to keep up with politics, economics, exchange rates, = etc.=20 right here. Trying to obtain and stay current on these matters = (which I=20 deem important to me in assessing "M") in any foreign country, = much less a=20 foreign region of many countries, many of which may be unstable = and=20 subject to rapid political change, would be too much except as a = full time=20 occupation.
 
Additionally, DGO remains my data source = of choice=20 for the moment, and they provide very little coverage of foreign = stocks.=20 The different accounting systems as well deter me from foreign = companies,=20 as well as the lack of regulation and financial reporting=20 required.
 
As you note, unless the company was listed = on a US=20 exchange, there are the added difficulties of opening an account = in=20 another country (and reporting it on your tax return as well), not = to=20 mention the additional risk of foreign exchange rate changes. The = US=20 economy remains the biggest (and I believe the strongest / = healthiest /=20 most likely to recover first), and I would expect other economies = to trail=20 when true recovery finally begins. I would not want to have my = money=20 trapped in yen, or baht, or francs, or pounds, or whatever, while = the US=20 markets finally take off.
 
The decades of research that went into the = development and refinement of CANSLIM was mostly done on US = stocks. While=20 in theory I see no reason why it could not be applied elsewhere, a = lot of=20 the tools are lacking even for back testing, and the risks and=20 difficulties are greater.
 
----- Original Message -----=20
From: = Jonathan=20 Lobatto
Sent: Saturday, February 22, 2003 2:08 PM
Subject: [CANSLIM] Foreign Markets = CANSLIM?

As has been discussed = here for a=20 very long time, "M" stinks. However, there have been = foreign markets=20 (China and a few others) where "M" has actually been pretty decent = the=20 past year or so. I'm wondering if anyone has tried applying = CANSLIM in a=20 foreign market? After all, there's no philosophical reason (as = opposed to=20 practical ones) that it wouldn't be applicable to a non-US market. = Now=20 some will argue that foreign accounting and reporting doesn't have = the=20 same kind of transparency that our does, but after Enron (et al ad = nauseum), what appears transparent was in reality totally = obscured=20 anyway.
 
If one wanted to try, = the first=20 thing that would be handy would be a database that ranks the RS = and EPS of=20 foreign stocks. I know that it's possible to get this info for = ADRS, but=20 I'm sure there are hundreds of non-ADrs that would be suitable = candidates=20 also. Of course actually purchasing the stocks presents other=20 difficulties, but it may be worth at least discussing. So, any=20 ideas?
 
Jon
- ------=_NextPart_000_007E_01C2DAAA.621F2920-- - - - -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 #3181 ****************************** 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.