From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #3485 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 Thursday, August 7 2003 Volume 02 : Number 3485 In this issue: Re: [CANSLIM] filter Re: [CANSLIM] filter Re: [CANSLIM] filter RE: [CANSLIM] Cash? Re: [CANSLIM] filter ---------------------------------------------------------------------- Date: Thu, 7 Aug 2003 07:55:28 -0400 From: "Charles & Lois Layne" Subject: Re: [CANSLIM] filter This is a multi-part message in MIME format. - ------=_NextPart_000_0034_01C35CB9.44CE9400 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable ----- Original Message -----=20 From: Mark Crisp=20 To: canslim@lists.xmission.com=20 Sent: Thursday, August 07, 2003 5:45 AM Subject: Re: [CANSLIM] filter Look, I think many of you are making CANSLIM much more complicated that it = really is. This is how I have been trading very successfully for a number of = years. I got a chuckle out of your first sentence. For years, I filtered, = tracked, charted, and analyzed stock after stock. I poured through IBD, = jotting down numbers meeting my criteria. I sifted through my stock = analysis service multiple times weekly (daily, when I could). My = fruits? I was happy if I could make a couple of hundred on a stock = after holding for a couple of years or more (mind you, I usually just = had 100 shares of an issue). Then one day, I come home and my wife tells me she made a couple of = hundred that day in the stock market. OK, I'm interested. She had been = watching one of her favorites, WMT, for some time. Finally, when she = noted a short-term trading pattern and was fairly secure with it, she = bought a few hundred shares and sold out on a small move. No long hours = pouring over all the numbers and details and everything else. I = couldn't help but shake my head in wonderment. So now, that's about how we do it. No IBD, no charting service, etc. = We currently have positions in just two stocks, neither of which are = CANSLIM candidates, I'm sure. We'll hold minutes, hours, days, or = weeks, depending on the movement. At any rate, doing this, I usually = make much more in a trade than I used to holding on for years. I don't = have the cost of various subscription services, and I don't spend = overwhelming hours pouring over charts and information (I never minded = doing this some, but I liked to see some fruits). Of course, we = couldn't do this a few years ago before the discount brokers and = internet access we have today. But, they are available now, so we try = to take advantage of them. Well, this is not CANSLIM, so I'll not continue. I do enjoy keeping up = with some of the CANSLIM principles, though, so I really appreciate the = forum conversation. Chuck Layne - ------=_NextPart_000_0034_01C35CB9.44CE9400 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
 
----- Original Message -----
From:=20 Mark Crisp
Sent: Thursday, August 07, 2003 = 5:45=20 AM
Subject: Re: [CANSLIM] = filter

Look,
 
 I think many of you are making = CANSLIM much=20 more complicated that it really is.
 
  This is how I have been = trading very=20 successfully for a number of years.
 
 
I got = a chuckle out=20 of your first sentence.  For years, I filtered, tracked, = charted, and=20 analyzed stock after stock.  I poured through IBD, jotting down = numbers=20 meeting my criteria.  I sifted through my stock analysis service = multiple=20 times weekly (daily, when I could).  My fruits?  I was = happy if I=20 could make a couple of hundred on a stock after holding for a couple of = years or=20 more (mind you, I usually just had 100 shares of an=20 issue).
 
Then one day, I come = home and=20 my wife tells me she made a couple of hundred that day in the stock=20 market.  OK, I'm interested.  She had been watching one of her = favorites, WMT, for some time.  Finally, when she noted a = short-term=20 trading pattern and was fairly secure with it, she bought a few hundred = shares=20 and sold out on a small move.  No long hours pouring over all the = numbers=20 and details and everything else.  I couldn't help but shake my head = in=20 wonderment.
 
So now, that's about = how we do=20 it.  No IBD, no charting service, etc.  We currently have=20 positions in just two stocks, neither of which are CANSLIM = candidates, I'm=20 sure.  We'll hold minutes, hours, days, or weeks, depending on the=20 movement.  At any rate, doing this, I usually make much more in a = trade=20 than I used to holding on for years.  I don't have the cost of = various=20 subscription services, and I don't spend overwhelming hours pouring over = charts=20 and information (I never minded doing this some, but I liked to see some = fruits).  Of course, we couldn't do this a few years ago before the = discount brokers and internet access we have today.  But, they=20 are available now, so we try to take advantage of=20 them.
 
Well, this is not = CANSLIM, so=20 I'll not continue.  I do enjoy keeping up with some of the CANSLIM=20 principles, though, so I really appreciate the forum=20 conversation.
 
 
Chuck=20 Layne
 
- ------=_NextPart_000_0034_01C35CB9.44CE9400-- - - - -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: Thu, 7 Aug 2003 07:37:17 -0400 From: "Charles & Lois Layne" Subject: Re: [CANSLIM] filter This is a multi-part message in MIME format. - ------=_NextPart_000_001B_01C35CB6.BA6E4D20 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable ----- Original Message -----=20 From: Mark Crisp=20 To: canslim@lists.xmission.com=20 Sent: Thursday, August 07, 2003 5:30 AM Subject: Re: [CANSLIM] filter Guys... I am going to start a "nasty" discussion here that is sure to = raise a few eye brows. We are all told William O'Neil was the C.A.N.S.L.I.M. inventor... = whilst he perfected in my opinion the first and VERY successful CANSLIM = trader was a guy called Nicolas Darvas "How I Made $2 Million in the = Stock Market." (by the way you MUST read this book) Without knowing it or putting it into an acronym Darvas created the = C.A.N.S.L.I.M trading system. My bet is O'Neal read this book and = studied his method. Possibly expanded upon. But Darvas was the creator. I wouldn't be surprised if Stan Weinstein's technical methods aren't = intermingled in there as well. Chuck Layne - ------=_NextPart_000_001B_01C35CB6.BA6E4D20 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
 
----- Original Message -----
From:=20 Mark Crisp
Sent: Thursday, August 07, 2003 = 5:30=20 AM
Subject: Re: [CANSLIM] = filter

Guys... I am going to start a "nasty" = discussion=20 here that is sure to raise a few eye brows.
 
  We are all told William O'Neil = was the=20 C.A.N.S.L.I.M. inventor... whilst he perfected in my opinion the first = and=20 VERY successful CANSLIM trader was a guy called Nicolas Darvas "How I = Made $2=20 Million in the Stock Market." (by the way you MUST read this=20 book)
 
  Without knowing it or putting = it into an=20 acronym Darvas created the C.A.N.S.L.I.M trading system. My bet is = O'Neal read=20 this book and studied his method. Possibly expanded upon. But Darvas = was the=20 creator.
 
 
 
I wouldn't be = surprised if Stan=20 Weinstein's technical methods aren't intermingled in there as=20 well.
 
 
Chuck=20 Layne
 
- ------=_NextPart_000_001B_01C35CB6.BA6E4D20-- - - - -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: Thu, 7 Aug 2003 14:16:12 +0100 From: "Mark Crisp" Subject: Re: [CANSLIM] filter This is a multi-part message in MIME format. - ------=_NextPart_000_0009_01C35CEE.74A52E20 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Nice story Charles. I think too many people get bogged in fundamentals. As Jesse Livermore = simply put it: "in a bull market I simply bought the leading stocks" In a bear market I simply I simply shorted those stocks. The Golden rule: The market is king. Don't fight the market. Go with the leaders in a = bull market and short stocks in a bear. Studying all this earnings, = sales ratio and a host of other reports will not make you money. Trading = stocks based on technical action will. Bye the way get a free copy of my book at: http://www.stressfreetrading.com/123.htm Mark Crisp=20 ----- Original Message -----=20 From: Charles & Lois Layne=20 To: canslim@lists.xmission.com=20 Sent: Thursday, August 07, 2003 12:55 PM Subject: Re: [CANSLIM] filter ----- Original Message -----=20 From: Mark Crisp=20 To: canslim@lists.xmission.com=20 Sent: Thursday, August 07, 2003 5:45 AM Subject: Re: [CANSLIM] filter Look, I think many of you are making CANSLIM much more complicated that = it really is. This is how I have been trading very successfully for a number of = years. =20 =20 I got a chuckle out of your first sentence. For years, I filtered, = tracked, charted, and analyzed stock after stock. I poured through IBD, = jotting down numbers meeting my criteria. I sifted through my stock = analysis service multiple times weekly (daily, when I could). My = fruits? I was happy if I could make a couple of hundred on a stock = after holding for a couple of years or more (mind you, I usually just = had 100 shares of an issue). =20 Then one day, I come home and my wife tells me she made a couple of = hundred that day in the stock market. OK, I'm interested. She had been = watching one of her favorites, WMT, for some time. Finally, when she = noted a short-term trading pattern and was fairly secure with it, she = bought a few hundred shares and sold out on a small move. No long hours = pouring over all the numbers and details and everything else. I = couldn't help but shake my head in wonderment. =20 So now, that's about how we do it. No IBD, no charting service, etc. = We currently have positions in just two stocks, neither of which are = CANSLIM candidates, I'm sure. We'll hold minutes, hours, days, or = weeks, depending on the movement. At any rate, doing this, I usually = make much more in a trade than I used to holding on for years. I don't = have the cost of various subscription services, and I don't spend = overwhelming hours pouring over charts and information (I never minded = doing this some, but I liked to see some fruits). Of course, we = couldn't do this a few years ago before the discount brokers and = internet access we have today. But, they are available now, so we try = to take advantage of them. =20 Well, this is not CANSLIM, so I'll not continue. I do enjoy keeping = up with some of the CANSLIM principles, though, so I really appreciate = the forum conversation. =20 =20 Chuck Layne - ------=_NextPart_000_0009_01C35CEE.74A52E20 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Nice story Charles.
 
  I think too many people get = bogged in=20 fundamentals. As Jesse Livermore simply put it:
 
 "in a bull market I simply bought = the leading=20 stocks"
 
 In a bear market I simply I = simply shorted=20 those stocks.
 
  The Golden rule:
 
  The market is king. Don't fight = the market.=20 Go with the leaders in a bull market and short stocks in a bear. = Studying all=20 this earnings, sales ratio and a host of other reports will not make you = money.=20 Trading stocks based on technical action will.
 
 Bye the way get a free copy of my = book=20 at:
 
 http://www.stressfreetr= ading.com/123.htm
 
  Mark Crisp 
----- Original Message -----
From:=20 Charles=20 & Lois Layne
Sent: Thursday, August 07, 2003 = 12:55=20 PM
Subject: Re: [CANSLIM] = filter

 
----- Original Message -----
From:=20 Mark Crisp =
Sent: Thursday, August 07, = 2003 5:45=20 AM
Subject: Re: [CANSLIM] = filter

Look,
 
 I think many of you are = making CANSLIM=20 much more complicated that it really is.
 
  This is how I have been = trading very=20 successfully for a number of years.
 
 
I got = a chuckle out=20 of your first sentence.  For years, I filtered, tracked, = charted,=20 and analyzed stock after stock.  I poured through IBD, jotting = down=20 numbers meeting my criteria.  I sifted through my stock analysis = service=20 multiple times weekly (daily, when I could).  My = fruits?  I was=20 happy if I could make a couple of hundred on a stock after holding for = a=20 couple of years or more (mind you, I usually just had 100 shares of an = issue).
 
Then one day, I = come home and=20 my wife tells me she made a couple of hundred that day in the stock=20 market.  OK, I'm interested.  She had been watching one of = her=20 favorites, WMT, for some time.  Finally, when she noted a = short-term=20 trading pattern and was fairly secure with it, she bought a few = hundred shares=20 and sold out on a small move.  No long hours pouring over all the = numbers=20 and details and everything else.  I couldn't help but shake my = head in=20 wonderment.
 
So now, that's = about how we=20 do it.  No IBD, no charting service, etc.  We currently have = positions in just two stocks, neither of which are CANSLIM = candidates,=20 I'm sure.  We'll hold minutes, hours, days, or weeks, depending = on the=20 movement.  At any rate, doing this, I usually make much more in a = trade=20 than I used to holding on for years.  I don't have the cost of = various=20 subscription services, and I don't spend overwhelming hours pouring = over=20 charts and information (I never minded doing this some, but I liked to = see=20 some fruits).  Of course, we couldn't do this a few years ago = before the=20 discount brokers and internet access we have today.  But, they=20 are available now, so we try to take advantage of=20 them.
 
Well, this is not = CANSLIM, so=20 I'll not continue.  I do enjoy keeping up with some of the = CANSLIM=20 principles, though, so I really appreciate the forum=20 conversation.
 
 
Chuck=20 Layne
 
- ------=_NextPart_000_0009_01C35CEE.74A52E20-- - - - -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: Thu, 7 Aug 2003 08:21:27 -0500 From: "Kelly Short" Subject: RE: [CANSLIM] Cash? This is a multi-part message in MIME format. - ------_=_NextPart_001_01C35CE6.CE6AC054 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Chris, =20 I originated the "cash" question last week and I too have been stopped = out on the majority of equities this past week. Will be interesting to = see which way the market trends. Either way- you have my gaurantee that = it will be interesting to watch! =20 Kelly - -----Original Message----- From: Vanchee1@aol.com [mailto:Vanchee1@aol.com] Sent: Wednesday, August 06, 2003 11:49 PM To: canslim@lists.xmission.com Subject: Re: [CANSLIM] Cash? I was 100% invested last week and up 55% for the year, with stops on 15 = of 16 of my stocks. This week I am 66% invested and up 47%, being stopped out almost daily. = Might be the beginning of a negative trend not sure yet, but at this = rate might be in mostly cash by next week. Moving my stopped out stocks to my watch list and setting new buy = points, might work out well for the next leg up. Chris.=20 - ------_=_NextPart_001_01C35CE6.CE6AC054 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Chris,
 
I=20 originated the "cash" question last week and I too have been stopped out = on the=20 majority of equities this past week. Will be interesting to see which = way the=20 market trends. Either way- you have my gaurantee that it will be = interesting to=20 watch!
 
Kelly
-----Original Message-----
From: Vanchee1@aol.com=20 [mailto:Vanchee1@aol.com]
Sent: Wednesday, August 06, 2003 = 11:49=20 PM
To: canslim@lists.xmission.com
Subject: Re: = [CANSLIM]=20 Cash?

I was 100% invested last week and up 55% = for the=20 year, with stops on 15 of 16 of my stocks.

This week I am 66% = invested=20 and up 47%, being stopped out almost daily. Might be the beginning of = a=20 negative trend not sure yet, but at this rate might be in mostly cash = by next=20 week.

Moving my stopped out stocks to my watch list and setting = new buy=20 points, might work out well for the next leg up.

Chris.=20
- ------_=_NextPart_001_01C35CE6.CE6AC054-- - - - -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: Thu, 7 Aug 2003 10:02:06 -0500 From: "Gene Ricci" Subject: Re: [CANSLIM] filter This is a multi-part message in MIME format. - ------=_NextPart_000_0351_01C35CCA.F50E7360 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Chuck, thanks for your comments .... congratulations on finding your = KISS & S.F. zone! Gene ----- Original Message -----=20 From: Charles & Lois Layne=20 To: canslim@lists.xmission.com=20 Sent: Thursday, August 07, 2003 6:55 AM Subject: Re: [CANSLIM] filter =20 I got a chuckle out of your first sentence. For years, I filtered, = tracked, charted, and analyzed stock after stock. I poured through IBD, = jotting down numbers meeting my criteria. I sifted through my stock = analysis service multiple times weekly (daily, when I could). My = fruits? I was happy if I could make a couple of hundred on a stock = after holding for a couple of years or more (mind you, I usually just = had 100 shares of an issue). =20 Then one day, I come home and my wife tells me she made a couple of = hundred that day in the stock market. OK, I'm interested. She had been = watching one of her favorites, WMT, for some time. Finally, when she = noted a short-term trading pattern and was fairly secure with it, she = bought a few hundred shares and sold out on a small move. No long hours = pouring over all the numbers and details and everything else. I = couldn't help but shake my head in wonderment. =20 So now, that's about how we do it. No IBD, no charting service, etc. = We currently have positions in just two stocks, neither of which are = CANSLIM candidates, I'm sure. We'll hold minutes, hours, days, or = weeks, depending on the movement. At any rate, doing this, I usually = make much more in a trade than I used to holding on for years. I don't = have the cost of various subscription services, and I don't spend = overwhelming hours pouring over charts and information (I never minded = doing this some, but I liked to see some fruits). Of course, we = couldn't do this a few years ago before the discount brokers and = internet access we have today. But, they are available now, so we try = to take advantage of them. =20 Well, this is not CANSLIM, so I'll not continue. I do enjoy keeping = up with some of the CANSLIM principles, though, so I really appreciate = the forum conversation. =20 =20 Chuck Layne - ------=_NextPart_000_0351_01C35CCA.F50E7360 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Chuck, thanks for your comments ....=20 congratulations on finding your KISS & S.F. zone!
 
Gene
----- Original Message -----
From:=20 Charles=20 & Lois Layne
Sent: Thursday, August 07, 2003 = 6:55=20 AM
Subject: Re: [CANSLIM] = filter

 
 
I got = a chuckle out=20 of your first sentence.  For years, I filtered, tracked, = charted,=20 and analyzed stock after stock.  I poured through IBD, jotting = down=20 numbers meeting my criteria.  I sifted through my stock analysis = service=20 multiple times weekly (daily, when I could).  My = fruits?  I was=20 happy if I could make a couple of hundred on a stock after holding for = a=20 couple of years or more (mind you, I usually just had 100 shares of an = issue).
 
Then one day, I = come home and=20 my wife tells me she made a couple of hundred that day in the stock=20 market.  OK, I'm interested.  She had been watching one of = her=20 favorites, WMT, for some time.  Finally, when she noted a = short-term=20 trading pattern and was fairly secure with it, she bought a few = hundred shares=20 and sold out on a small move.  No long hours pouring over all the = numbers=20 and details and everything else.  I couldn't help but shake my = head in=20 wonderment.
 
So now, that's = about how we=20 do it.  No IBD, no charting service, etc.  We currently have = positions in just two stocks, neither of which are CANSLIM = candidates,=20 I'm sure.  We'll hold minutes, hours, days, or weeks, depending = on the=20 movement.  At any rate, doing this, I usually make much more in a = trade=20 than I used to holding on for years.  I don't have the cost of = various=20 subscription services, and I don't spend overwhelming hours pouring = over=20 charts and information (I never minded doing this some, but I liked to = see=20 some fruits).  Of course, we couldn't do this a few years ago = before the=20 discount brokers and internet access we have today.  But, they=20 are available now, so we try to take advantage of=20 them.
 
Well, this is not = CANSLIM, so=20 I'll not continue.  I do enjoy keeping up with some of the = CANSLIM=20 principles, though, so I really appreciate the forum=20 conversation.
 
 
Chuck=20 Layne
 
- ------=_NextPart_000_0351_01C35CCA.F50E7360-- - - - -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 #3485 ****************************** 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.