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From: owner-canslim-digest@lists.xmission.com (canslim-digest)
To: canslim-digest@lists.xmission.com
Subject: canslim-digest V2 #1211
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, March 15 2001 Volume 02 : Number 1211
In this issue:
RE: [CANSLIM] Heaven (or Hell, for the sane among us)
RE: [CANSLIM] investment of time and money
RE: [CANSLIM] shorting
[CANSLIM] OT: community survey
RE: [CANSLIM] OT: community survey
Re: [CANSLIM] OT: community survey
Re: [CANSLIM] Heaven (or Hell, for the sane among us)
----------------------------------------------------------------------
Date: Thu, 15 Mar 2001 16:15:17 -0500
From: "Rick Parsons" <RickParsons@Columbus.rr.com>
Subject: RE: [CANSLIM] Heaven (or Hell, for the sane among us)
This is a multi-part message in MIME format.
- ------=_NextPart_000_00B2_01C0AD6B.20933C80
Content-Type: text/plain;
charset="iso-8859-1"
Content-Transfer-Encoding: quoted-printable
Tell us more about www.CompanySleuth.com and how you use it.
Thanks,
Rick
-----Original Message-----
From: owner-canslim@lists.xmission.com =
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley
Sent: Wednesday, March 14, 2001 9:51 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] Heaven (or Hell, for the sane among us)
Chris,
I am going to disagree completely with your understanding of how =
things really work in the securities industry. Feel free to hit the =
DELETE button right now.
For anyone else still reading, you can move half a million dollars =
from your money market fund to your aggressive fund today (transfer =
effective after the close, but known to both fund managers before the =
close). But that in no way guarantees that the aggressive fund manager =
will do a thing with your cash but sit on it. Unless it is close to the =
last day of the quarter, the fund manager can sit on a cesspool of cash, =
and do nothing. If it is the last day of the quarter, he may park it in =
pretty stocks for a day, then sell. He may stick it into defensive =
stocks.
The herd instinct can cause all the "small" investors (and many are =
anything but small) to jump back into growth or tech oriented funds, but =
that does not immediately translate into buy side pressure on those =
stocks unless the fund manager agrees with that.
I have spent years both understanding economic reports, as well as =
their relationship to the stock market. I don't claim to be an expert, =
but I do believe I understand the relationship. Do I believe we are =
headed for a recession? NO Do I believe the fear of a recession among =
financial professionals is greater than three months ago? YES Do I =
believe the US economy slowed faster than FOMC expected? YES Do I =
believe FOMC is nervous/scared about the possibility of a recession? YES =
Because I am still working within the securities industry, I am =
exposed to what hundreds, even thousands, of individual investors are =
actually doing with their money. It does bias my perceptions and opinion =
somewhat, especially since I can see what the past successful ones, and =
the unsuccessful ones, are doing. And I do see some buying around the =
fringes, especially on the quality names that have been so battered =
down. I watched a young daytrader, with inherited cash who has lost a =
million or more in the past year, try to once again daytrade his =
favorite stock. Two round trips, lost three points plus on both. No =
surprise, he's not a good daytrader. This is a guy who has traded over =
$16 million of AOL in a single day, and today traded less than $50K of =
another stock. This all goes into my Mark One, Mod Zero human computer. =
And what comes out is an opinion. "M" is just not right at this time.
And my attitude is not biased negatively because of my portfolio, I am =
up about 20% or so this year, and holding right now despite "M". I could =
cash out and take money market interest rates for the next ten months, =
and still have a successful year. And I have never owned a dot com. And =
despite my personal tendency to always be fully invested, I am still =
sitting on more cash than at any time in the past three years, without a =
serious itch to spend it.
The "small" investor will not turn this market around. As is the =
historic practice, it will occur both when it should, for valid reasons =
supporting an expectation of improving conditions, AND when the money =
managers start committing the funds they have in reserve, either in cash =
or in defensive stocks. And it's not only the mutual funds, the role =
here of the institutional investors is far greater than most perceive. =
That is why I like www.CompanySleuth.com for information. It has =
institutional investing information not available on most sites, even my =
so respected DGO.
The biggest problem with Naz, as well as with NYSE, AMEX, was =
valuation. Valuation is driven by expectation, and it was high, to the =
point that the S&P500 trailing PE ratio at one point was around 35, way, =
way over sustainable or historic levels. With the decline we have seen =
in this bear market, it is now down to the mid 20s, which is still way =
over historic levels even during decent economic growth times. Despite =
the magnitude of the declines we have had over the past year, valuations =
on virtually all stocks remain high. There is still downside risk to any =
investor but the daytrader. Unless we see a fairly rapid turnaround in =
earnings expectations, the trailing PE may STILL be too high.
Mr. G has managed this economy so well that we have not had to see a =
slowing economy in far more than your five year cycle. And if he does =
his job as well as I expect, this slowdown will be brief, and build a =
base from which the economy can successfully grow for many years to =
come.
Tom Worley
stkguru@netside.net
ICQ # 5568838
----- Original Message -----=20
From: Vanchee1@aol.com=20
To: canslim@lists.xmission.com=20
Sent: Wednesday, March 14, 2001 8:51 PM
Subject: Re: [CANSLIM] Heaven (or Hell, for the sane among us)
Some interesting thoughts, although big money is funds which are a =
lot of=20
small investors put together, as the small guys run in herds this =
equals the=20
bigger boys holding their money and selling. And I really do doubt =
that our=20
economy is as gloom and doom and ready to rollover & die as you =
think, maybe=20
its just your portfolio giving you such negativity. I see it as just =
a=20
slowing economy which we experience about every 5 or so years.=20
PS, one of the biggest problems with the NAZ was the dot.coms, note, =
I said=20
one.=20
Chris.=20
- ------=_NextPart_000_00B2_01C0AD6B.20933C80
Content-Type: text/html;
charset="iso-8859-1"
Content-Transfer-Encoding: quoted-printable
<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
<HTML><HEAD>
<META http-equiv=3DContent-Type content=3D"text/html; =
charset=3Diso-8859-1">
<META content=3D"MSHTML 5.50.4522.1800" name=3DGENERATOR>
<STYLE></STYLE>
</HEAD>
<BODY bgColor=3D#ffffff>
<DIV><FONT face=3D"Comic Sans MS" color=3D#0000ff size=3D2><SPAN=20
class=3D570281421-15032001><STRONG>Tell us more about </STRONG><A=20
href=3D"http://www.companysleuth.com/"><FONT=20
face=3D"Times New =
Roman">www.CompanySleuth.com</FONT></A><STRONG> and how you=20
use it.</STRONG></SPAN></FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS" color=3D#0000ff size=3D2><SPAN=20
class=3D570281421-15032001><STRONG></STRONG></SPAN></FONT> </DIV>
<DIV><FONT face=3D"Comic Sans MS" color=3D#0000ff size=3D2><SPAN=20
class=3D570281421-15032001><STRONG>Thanks,</STRONG></SPAN></FONT></DIV>
<DIV> </DIV>
<DIV><STRONG><FONT face=3DAndy color=3D#000080 =
size=3D4>Rick</FONT></STRONG></DIV>
<BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
<DIV class=3DOutlookMessageHeader dir=3Dltr align=3Dleft><FONT =
face=3DTahoma=20
size=3D2>-----Original Message-----<BR><B>From:</B>=20
owner-canslim@lists.xmission.com=20
[mailto:owner-canslim@lists.xmission.com]<B>On Behalf Of </B>Tom=20
Worley<BR><B>Sent:</B> Wednesday, March 14, 2001 9:51 PM<BR><B>To:</B> =
canslim@lists.xmission.com<BR><B>Subject:</B> Re: [CANSLIM] Heaven (or =
Hell,=20
for the sane among us)<BR><BR></FONT></DIV>
<DIV><FONT size=3D2>Chris,</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=3D2>I am going to disagree completely with your =
understanding of=20
how things really work in the securities industry. Feel free to hit =
the DELETE=20
button right now.</FONT></DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV><FONT size=3D2>For anyone else still reading, you can move half a =
million=20
dollars from your money market fund to your aggressive fund today =
(transfer=20
effective after the close, but known to both fund managers before the =
close).=20
But that in no way guarantees that the aggressive fund manager will do =
a thing=20
with your cash but sit on it. Unless it is close to the last day =
of the=20
quarter, the fund manager can sit on a cesspool of cash, and do =
nothing. If it=20
is the last day of the quarter, he may park it in pretty stocks for a =
day,=20
then sell. He may stick it into defensive stocks.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=3D2>The herd instinct can cause all the "small" =
investors (and=20
many are anything but small) to jump back into growth or tech oriented =
funds,=20
but that does not immediately translate into buy side pressure on =
those stocks=20
unless the fund manager agrees with that.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=3D2>I have spent years both understanding economic =
reports, as=20
well as their relationship to the stock market. I don't claim to be an =
expert,=20
but I do believe I understand the relationship. Do I believe we are =
headed for=20
a recession? NO Do I believe the fear of a recession among financial=20
professionals is greater than three months ago? YES Do I believe the =
US=20
economy slowed faster than FOMC expected? YES Do I believe FOMC is=20
nervous/scared about the possibility of a recession? YES </FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=3D2>Because I am still working within the securities =
industry, I=20
am exposed to what hundreds, even thousands, of individual investors =
are=20
actually doing with their money. It does bias my perceptions and =
opinion=20
somewhat, especially since I can see what the past successful ones, =
and the=20
unsuccessful ones, are doing. And I do see some buying around the =
fringes,=20
especially on the quality names that have been so battered down. I =
watched a=20
young daytrader, with inherited cash who has lost a million or more in =
the=20
past year, try to once again daytrade his favorite stock. Two round =
trips,=20
lost three points plus on both. No surprise, he's not a good =
daytrader. This=20
is a guy who has traded over $16 million of AOL in a single day, and =
today=20
traded less than $50K of another stock. This all goes into my Mark =
One, Mod=20
Zero human computer. And what comes out is an opinion. "M" is just not =
right=20
at this time.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=3D2>And my attitude is not biased negatively because =
of my=20
portfolio, I am up about 20% or so this year, and holding right now =
despite=20
"M". I could cash out and take money market interest rates for the =
next ten=20
months, and still have a successful year. And I have never owned a dot =
com.=20
And despite my personal tendency to always be fully invested, I am =
still=20
sitting on more cash than at any time in the past three years, without =
a=20
serious itch to spend it.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=3D2>The "small" investor will not turn this market =
around. As is=20
the historic practice, it will occur both when it should, for valid =
reasons=20
supporting an expectation of improving conditions, AND when the =
money=20
managers start committing the funds they have in reserve, either in =
cash or in=20
defensive stocks. And it's not only the mutual funds, the role =
here of=20
the institutional investors is far greater than most perceive. That is =
why I=20
like <A =
href=3D"http://www.CompanySleuth.com">www.CompanySleuth.com</A> for=20
information. It has institutional investing information not available =
on most=20
sites, even my so respected DGO.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=3D2>The biggest problem with Naz, as well as with =
NYSE, AMEX,=20
was valuation. Valuation is driven by expectation, and it was high, to =
the=20
point that the S&P500 trailing PE ratio at one point was around =
35, way,=20
way over sustainable or historic levels. With the decline we have seen =
in this=20
bear market, it is now down to the mid 20s, which is still way over =
historic=20
levels even during decent economic growth times. Despite the magnitude =
of the=20
declines we have had over the past year, valuations on virtually all =
stocks=20
remain high. There is still downside risk to any investor but the =
daytrader.=20
Unless we see a fairly rapid turnaround in earnings expectations, the =
trailing=20
PE may STILL be too high.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=3D2>Mr. G has managed this economy so well that we =
have not had=20
to see a slowing economy in far more than your five year cycle. And if =
he does=20
his job as well as I expect, this slowdown will be brief, and build a =
base=20
from which the economy can successfully grow for many years to=20
come.</FONT></DIV>
<DIV><BR>Tom Worley<BR><A=20
href=3D"mailto:stkguru@netside.net">stkguru@netside.net</A><BR>ICQ #=20
5568838</DIV>
<DIV> </DIV>
<DIV> </DIV>
<BLOCKQUOTE=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3DVanchee1@aol.com=20
href=3D"mailto:Vanchee1@aol.com">Vanchee1@aol.com</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Wednesday, March 14, =
2001 8:51=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] Heaven =
(or Hell,=20
for the sane among us)</DIV>
<DIV><BR></DIV><FONT face=3Darial,helvetica><FONT size=3D2>Some =
interesting=20
thoughts, although big money is funds which are a lot of <BR>small =
investors=20
put together, as the small guys run in herds this equals the =
<BR>bigger boys=20
holding their money and selling. And I really do doubt that our =
<BR>economy=20
is as gloom and doom and ready to rollover & die as you think, =
maybe=20
<BR>its just your portfolio giving you such negativity. I see it as =
just a=20
<BR>slowing economy which we experience about every 5 or so years.=20
<BR><BR>PS, one of the biggest problems with the NAZ was the =
dot.coms, note,=20
I said <BR>one. <BR><BR>Chris.</FONT>=20
</FONT></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
- ------=_NextPart_000_00B2_01C0AD6B.20933C80--
- -
------------------------------
Date: Thu, 15 Mar 2001 16:47:22 -0500
From: "Ann Hollingworth" <annholly@mediaone.net>
Subject: RE: [CANSLIM] investment of time and money
Thanks, Norman. (I think it's dilemma. A word appropriate for all of us
right now!)
On another topic, is it possible to apply the CANSLIM principles to mutual
funds? Has anyone heard of J.W. Dicks' Profitline Strategy? He uses mostly
moving averages, which I guess isn't really CANSLIM.
Ann
- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Norman
Sent: Wednesday, March 14, 2001 11:06 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] investment of time and money
Ann,
Sorry to hear that. IBD has some interesting reading; but I understand the
family delimma - good choice!!
I use www.clearstation.com. You can set up portfolios and graph in bulk.
Use Tom's list; I have found that it compares favorably with the Weekend
Review in IBD. Does your local library carry IBD? If so you could go on
the weekend and copy the tickers for the Weekend Review stocks and chart
them on one of the free sites that would be good. Alas, I don't think there
is a quick way to thoroughly screen for stocks.
Norman Boyd
(anyone know how to spell delimma?)
- ----- Original Message -----
From: "Ann Hollingworth" <annholly@mediaone.net>
To: "CANSLIM Listserv" <canslim@lists.xmission.com>
Sent: Wednesday, March 14, 2001 3:33 PM
Subject: [CANSLIM] investment of time and money
> Unfortunately I have to end my sub*****tion to IBD because of money and
the
> time I am spending on Canslim (family issue). It's a tough move for me to
> make, especially right now. Does anyone have any suggestions about
alternate
> ways to study CANSLIM--maybe screens? Ways that are less time-consuming.
> Must put my son and husband and second job first.
>
> Ann
>
>
> -
>
>
>
- -
- -
------------------------------
Date: Thu, 15 Mar 2001 16:49:20 -0500
From: "Ann Hollingworth" <annholly@mediaone.net>
Subject: RE: [CANSLIM] shorting
Thanks. I understand shorting, but it's the gap getting filled in that was a
puzzle to me.
Ann
- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of David Bojanowski
Sent: Wednesday, March 14, 2001 4:49 PM
To: 'canslim@lists.xmission.com'
Subject: RE: [CANSLIM] shorting
Ann,
Shorting a stock is when you borrow shares from someone else and sell them.
You keep the money. However, you must buy back the shares at some point in
the future in order to return those shares to the person/account you
borrowed them from. You make a profit by "selling high/buying back low".
The risk is that after shorting the stock the stock may go up instead of
down and you'll have to buy the shares back at a higher price (and the sky's
the limit) than you sold them for. Obviously this means you'll lose money.
If the stock skyrockets are you short it you could lose a fortune. You'll
have a profit if the stock you short goes down before you buy back the
shares. I think you have to have a margin account to short a stock.
If you shorted internet stocks in 1999, you would have lost a fortune. I
you shorted internet stocks in 2000, you would have made a fortune!
Dave
-----Original Message-----
From: Ann Hollingworth [mailto:annholly@mediaone.net]
Sent: Wednesday, March 14, 2001 4:28 PM
To: canslim@lists.xmission.com
Subject: RE: [CANSLIM] shorting
What does this mean? I have heard it mentioned before on this mailing list
but don't get it.
The adage that the gap (up or down) will almost always get filled in (with
the
exception possibly of an acquisition buyout offer) seems to generally hold
true.
Thanks.
Ann
- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley
Sent: Tuesday, March 13, 2001 9:34 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] shorting
Patrick, I have been surprised at the number of stocks I have
reviewed over the past month or so that were completing a cup
formation that started with a large gap down. The adage that the
gap (up or down) will almost always get filled in (with the
exception possibly of an acquisition buyout offer) seems to
generally hold true. Of course, my review is biased as I was
only looking at stocks at or within 5% of their 12 month high.
Tom Worley
stkguru@netside.net
ICQ # 5568838
- ----- Original Message -----
From: Patrick Wahl <pwahl@prodigy.net>
To: <canslim@lists.xmission.com>
Sent: Tuesday, March 13, 2001 1:29 PM
Subject: Re: [CANSLIM] shorting
On 12 Mar 01, at 22:15, Jeff Mulder wrote:
> << My main problem with shorting is that you don't get the same
setups you
> get when going long. Stocks don't base and then break down out
of a base,
> usually anyway. They tend to gap down on bad news, and
frequently a
> significant part of the move cannot be caught, its just an air
pocket. >>
>
> The gap down on bad news is itself a fairly reliable setup for
shorting a
> stock. The gap portends lower prices to come, and the price
action over the
> days immediately following the gap often signals how soon those
lower prices
> will be realized, and how severely.
I have been considering how significant a gap (up or down) is,
something I need to try to backtest, but just in eyeballing a lot
of
charts, most stocks with a gap down seem to continue down.
However, the charts I am looking at are over the past 12 months,
so the data is probably skewed a bit by severity of this sell
off. It
does make sense that there should be at least a small profit to
be
made on a gap, since it is unlikely all the selling would take
place
on a single day, there should be follow through selling.
- -
- -
- -
- -
- -
------------------------------
Date: Thu, 15 Mar 2001 16:10:20 -0800 (PST)
From: jennifer <jld19592@csun.edu>
Subject: [CANSLIM] OT: community survey
I am a member of canslim and a student at Ccalifornia tate University,
Northridge and I'mam sending out this survey as part of a research
project. I would appreciate any and all responses. If you have questions,
you may contact my professor Dr Anita Blanchard at
Anita.Blanchard@csun.edu, (818) 677-4623. Her web page is
http://www.csun.edu/~ab54690.
***********
Greetings members of canslim:
As part of a class on virtual communities at California State University
Northridge, we are conducting a survey of several different types of
listservs. As listservs become more popular, there is a growing need to
understand them. We would like to ask for your help in answering the
following questions about participating in this listserv group. Your
assistance will greatly benefit the current scientific knowledge about
participation in listservs. Any information that is collected in this
study will remain confidential. We expect that the cumulative results
of this study will be published. However, the identity of subjects or
the listserv will not be made known.
The 20 questions in this survey should take less than 5 minutes for you
to fill out. To fill out this survey, please reply privately to above
email address and include the survey in your reply. Please do not reply
to the entire list. To answer a question, please put an X in the space
by the response you've chosen.
If you have any questions, please email Anita Blanchard, Ph.D. at
Anita.Blanchard@csun.edu or call (818) 677-4623.
Thank you very much for answering these questions!
First, we'd like to ask you some questions about YOUR MEMBERSHIP IN THIS
LISTSERV.
1. I think this listserv is a good one for me to be a member of.
Strongly Disagree_____
Disagree______
Slightly Disagree_____
Slightly Agree_____
Agree______
Strongly Agree_____
2. Members of this listserv do not share the same values.
Strongly Disagree_____
Disagree______
Slightly Disagree_____
Slightly Agree_____
Agree______
Strongly Agree_____
3. Other members and I want the same thing from this listserv.
Strongly Disagree_____
Disagree______
Slightly Disagree_____
Slightly Agree_____
Agree______
Strongly Agree_____
4. I can recognize most of the names on this listserv.
Strongly Disagree_____
Disagree______
Slightly Disagree_____
Slightly Agree_____
Agree______
Strongly Agree_____
5. I feel at home in this listserv.
Strongly Disagree_____
Disagree______
Slightly Disagree_____
Slightly Agree_____
Agree______
Strongly Agree_____
6. Very few other members of this listserv know me.
Strongly Disagree_____
Disagree______
Slightly Disagree_____
Slightly Agree_____
Agree______
Strongly Agree_____
7. I care about what other members of this listserv think of my
actions.
Strongly Disagree_____
Disagree______
Slightly Disagree_____
Slightly Agree_____
Agree______
Strongly Agree_____
8. I have no influence over what this listserv is like.
Strongly Disagree_____
Disagree______
Slightly Disagree_____
Slightly Agree_____
Agree______
Strongly Agree_____
9. If there is a problem on this listserv, there are members here who
can solve it.
Strongly Disagree_____
Disagree______
Slightly Disagree_____
Slightly Agree_____
Agree______
Strongly Agree_____
10. It is very important to me to be a member of this listserv.
Strongly Disagree_____
Disagree______
Slightly Disagree_____
Slightly Agree_____
Agree______
Strongly Agree_____
11. Members of this listserv generally don't get along with each other.
Strongly Disagree_____
Disagree______
Slightly Disagree_____
Slightly Agree_____
Agree______
Strongly Agree_____
12. I expect to stay in this listserv for a long time.
Strongly Disagree_____
Disagree______
Slightly Disagree_____
Slightly Agree_____
Agree______
Strongly Agree_____
Now, we'd like to ask you some questions about your participation on
this listserv.
13. How long have you been a member of this listserv?
Less than one month_____
One to 6 months______
6 to 12 months_______
1 to 2 years_______
Greater than 2 years_____
Don't know_______
14. How many messages per week do you usually RECEIVE from this
listserv?
0 _____
1-2_____
3-5_____
6-10____
11-20____
21-50____
51+______
15. How many messages per week do you usually READ from this listserv?
0 _____
1-2_____
3-5_____
6-10____
11-20____
21-50____
51+______
16. How many messages per week do you usually SEND to this listserv?
0 _____
1-2_____
3-5_____
6-10____
11-20____
21-50____
51+______
17. During the time you have been a member, how often have you PUBLICLY
EMAILED members of this listserv?
Never_____
Rarely_____
Occasionally____
Quite Often_____
18. During the time you have been a member, how often have you
PRIVATELY EMAILED members of this listserv?
Never_____
Rarely_____
Occasionally____
Quite Often_____
19. How often do members post CONVERSATIONAL messages on this listserv?
Never_____
Rarely_____
Occasionally____
Quite Often_____
20. How often do members post INFORMATIONAL messages on this listserv?
Never_____
Rarely_____
Occasionally____
Quite Often_____
Is there anything we haven't asked you that you think is important for
us to know about this listserv?
Thank you very much for your help!
- -
------------------------------
Date: Thu, 15 Mar 2001 18:24:44 -0600
From: "John Adair" <xjadair@brightok.net>
Subject: RE: [CANSLIM] OT: community survey
- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of jennifer
Sent: Thursday, March 15, 2001 6:10 PM
To: canslim@xmission.com
Subject: [CANSLIM] OT: community survey
I am a member of canslim and a student at Ccalifornia tate University,
Northridge and I'mam sending out this survey as part of a research
project. I would appreciate any and all responses. If you have questions,
you may contact my professor Dr Anita Blanchard at
Anita.Blanchard@csun.edu, (818) 677-4623. Her web page is
http://www.csun.edu/~ab54690.
***********
Greetings members of canslim:
As part of a class on virtual communities at California State University
Northridge, we are conducting a survey of several different types of
listservs. As listservs become more popular, there is a growing need to
understand them. We would like to ask for your help in answering the
following questions about participating in this listserv group. Your
assistance will greatly benefit the current scientific knowledge about
participation in listservs. Any information that is collected in this
study will remain confidential. We expect that the cumulative results
of this study will be published. However, the identity of subjects or
the listserv will not be made known.
The 20 questions in this survey should take less than 5 minutes for you
to fill out. To fill out this survey, please reply privately to above
email address and include the survey in your reply. Please do not reply
to the entire list. To answer a question, please put an X in the space
by the response you've chosen.
If you have any questions, please email Anita Blanchard, Ph.D. at
Anita.Blanchard@csun.edu or call (818) 677-4623.
Thank you very much for answering these questions!
First, we'd like to ask you some questions about YOUR MEMBERSHIP IN THIS
LISTSERV.
1. I think this listserv is a good one for me to be a member of.
Strongly Disagree_____
Disagree______
Slightly Disagree_____
Slightly Agree_____
Agree_x_____
Strongly Agree_____
2. Members of this listserv do not share the same values.
Strongly Disagree_____
Disagree______
Slightly Disagree_____
Slightly Agree_____
Agree__x____
Strongly Agree_____
3. Other members and I want the same thing from this listserv.
Strongly Disagree_____
Disagree______
Slightly Disagree_____
Slightly Agree_____
Agree__x____
Strongly Agree_____
4. I can recognize most of the names on this listserv.
Strongly Disagree_____
Disagree_x_____
Slightly Disagree_____
Slightly Agree_____
Agree______
Strongly Agree_____
5. I feel at home in this listserv.
Strongly Disagree_____
Disagree______
Slightly Disagree_____
Slightly Agree_x____
Agree______
Strongly Agree_____
6. Very few other members of this listserv know me.
Strongly Disagree_____
Disagree______
Slightly Disagree_____
Slightly Agree_____
Agree___x___
Strongly Agree_____
7. I care about what other members of this listserv think of my
actions.
Strongly Disagree_____
Disagree______
Slightly Disagree_____
Slightly Agree_____
Agree__x____
Strongly Agree_____
8. I have no influence over what this listserv is like.
Strongly Disagree_____
Disagree______
Slightly Disagree_____
Slightly Agree_____
Agree__x____
Strongly Agree_____
9. If there is a problem on this listserv, there are members here who
can solve it.
Strongly Disagree_____
Disagree______
Slightly Disagree_____
Slightly Agree_____
Agree__x____
Strongly Agree_____
10. It is very important to me to be a member of this listserv.
Strongly Disagree_____
Disagree__x____
Slightly Disagree_____
Slightly Agree_____
Agree______
Strongly Agree_____
11. Members of this listserv generally don't get along with each other.
Strongly Disagree_____
Disagree______
Slightly Disagree_x____
Slightly Agree_____
Agree______
Strongly Agree_____
12. I expect to stay in this listserv for a long time.
Strongly Disagree_____
Disagree______
Slightly Disagree_____
Slightly Agree_____
Agree__x___
Strongly Agree_____
Now, we'd like to ask you some questions about your participation on
this listserv.
13. How long have you been a member of this listserv?
Less than one month_____
One to 6 months______
6 to 12 months_______
1 to 2 years__x_____
Greater than 2 years_____
Don't know_______
14. How many messages per week do you usually RECEIVE from this
listserv?
0 _____
1-2_____
3-5_____
6-10____
11-20____
21-50____
51+__x____
15. How many messages per week do you usually READ from this listserv?
0 _____
1-2_____
3-5_____
6-10____
11-20____
21-50____
51+__x____
16. How many messages per week do you usually SEND to this listserv?
0 _____
1-2__x___
3-5_____
6-10____
11-20____
21-50____
51+______
17. During the time you have been a member, how often have you PUBLICLY
EMAILED members of this listserv?
Never_____
Rarely_____
Occasionally_x___
Quite Often_____
18. During the time you have been a member, how often have you
PRIVATELY EMAILED members of this listserv?
Never_____
Rarely_____
Occasionally__xx__
Quite Often_____
19. How often do members post CONVERSATIONAL messages on this listserv?
Never_____
Rarely_____
Occasionally____
Quite Often__x___
20. How often do members post INFORMATIONAL messages on this listserv?
Never_____
Rarely_____
Occasionally____
Quite Often_x____
Is there anything we haven't asked you that you think is important for
us to know about this listserv?
no
Thank you very much for your help!
- -
- -
------------------------------
Date: Thu, 15 Mar 2001 18:30:54 -0600
From: "Norman" <theboyd@tisd.net>
Subject: Re: [CANSLIM] OT: community survey
Must not trust "Jennifer" to get it right :-)
Norman Boyd
- ----- Original Message -----
From: "John Adair" <xjadair@brightok.net>
To: <canslim@lists.xmission.com>
Sent: Thursday, March 15, 2001 6:24 PM
Subject: RE: [CANSLIM] OT: community survey
>
>
> -----Original Message-----
> From: owner-canslim@lists.xmission.com
> [mailto:owner-canslim@lists.xmission.com]On Behalf Of jennifer
> Sent: Thursday, March 15, 2001 6:10 PM
> To: canslim@xmission.com
> Subject: [CANSLIM] OT: community survey
>
> I am a member of canslim and a student at Ccalifornia tate University,
> Northridge and I'mam sending out this survey as part of a research
> project. I would appreciate any and all responses. If you have questions,
> you may contact my professor Dr Anita Blanchard at
> Anita.Blanchard@csun.edu, (818) 677-4623. Her web page is
> http://www.csun.edu/~ab54690.
>
> ***********
> Greetings members of canslim:
>
> As part of a class on virtual communities at California State University
> Northridge, we are conducting a survey of several different types of
> listservs. As listservs become more popular, there is a growing need to
> understand them. We would like to ask for your help in answering the
> following questions about participating in this listserv group. Your
> assistance will greatly benefit the current scientific knowledge about
> participation in listservs. Any information that is collected in this
> study will remain confidential. We expect that the cumulative results
> of this study will be published. However, the identity of subjects or
> the listserv will not be made known.
>
> The 20 questions in this survey should take less than 5 minutes for you
> to fill out. To fill out this survey, please reply privately to above
> email address and include the survey in your reply. Please do not reply
> to the entire list. To answer a question, please put an X in the space
> by the response you've chosen.
>
> If you have any questions, please email Anita Blanchard, Ph.D. at
> Anita.Blanchard@csun.edu or call (818) 677-4623.
>
> Thank you very much for answering these questions!
>
> First, we'd like to ask you some questions about YOUR MEMBERSHIP IN THIS
> LISTSERV.
>
> 1. I think this listserv is a good one for me to be a member of.
>
> Strongly Disagree_____
> Disagree______
> Slightly Disagree_____
> Slightly Agree_____
> Agree_x_____
> Strongly Agree_____
>
> 2. Members of this listserv do not share the same values.
>
> Strongly Disagree_____
> Disagree______
> Slightly Disagree_____
> Slightly Agree_____
> Agree__x____
> Strongly Agree_____
>
> 3. Other members and I want the same thing from this listserv.
>
> Strongly Disagree_____
> Disagree______
> Slightly Disagree_____
> Slightly Agree_____
> Agree__x____
> Strongly Agree_____
>
> 4. I can recognize most of the names on this listserv.
>
> Strongly Disagree_____
> Disagree_x_____
> Slightly Disagree_____
> Slightly Agree_____
> Agree______
> Strongly Agree_____
>
> 5. I feel at home in this listserv.
>
> Strongly Disagree_____
> Disagree______
> Slightly Disagree_____
> Slightly Agree_x____
> Agree______
> Strongly Agree_____
>
> 6. Very few other members of this listserv know me.
>
> Strongly Disagree_____
> Disagree______
> Slightly Disagree_____
> Slightly Agree_____
> Agree___x___
> Strongly Agree_____
>
> 7. I care about what other members of this listserv think of my
> actions.
>
> Strongly Disagree_____
> Disagree______
> Slightly Disagree_____
> Slightly Agree_____
> Agree__x____
> Strongly Agree_____
>
> 8. I have no influence over what this listserv is like.
>
> Strongly Disagree_____
> Disagree______
> Slightly Disagree_____
> Slightly Agree_____
> Agree__x____
> Strongly Agree_____
>
> 9. If there is a problem on this listserv, there are members here who
> can solve it.
>
> Strongly Disagree_____
> Disagree______
> Slightly Disagree_____
> Slightly Agree_____
> Agree__x____
> Strongly Agree_____
>
> 10. It is very important to me to be a member of this listserv.
>
> Strongly Disagree_____
> Disagree__x____
> Slightly Disagree_____
> Slightly Agree_____
> Agree______
> Strongly Agree_____
>
> 11. Members of this listserv generally don't get along with each other.
>
> Strongly Disagree_____
> Disagree______
> Slightly Disagree_x____
> Slightly Agree_____
> Agree______
> Strongly Agree_____
>
> 12. I expect to stay in this listserv for a long time.
>
> Strongly Disagree_____
> Disagree______
> Slightly Disagree_____
> Slightly Agree_____
> Agree__x___
> Strongly Agree_____
>
> Now, we'd like to ask you some questions about your participation on
> this listserv.
>
> 13. How long have you been a member of this listserv?
>
> Less than one month_____
> One to 6 months______
> 6 to 12 months_______
> 1 to 2 years__x_____
> Greater than 2 years_____
> Don't know_______
>
> 14. How many messages per week do you usually RECEIVE from this
> listserv?
>
> 0 _____
> 1-2_____
> 3-5_____
> 6-10____
> 11-20____
> 21-50____
> 51+__x____
>
> 15. How many messages per week do you usually READ from this listserv?
>
> 0 _____
> 1-2_____
> 3-5_____
> 6-10____
> 11-20____
> 21-50____
> 51+__x____
>
> 16. How many messages per week do you usually SEND to this listserv?
>
> 0 _____
> 1-2__x___
> 3-5_____
> 6-10____
> 11-20____
> 21-50____
> 51+______
>
> 17. During the time you have been a member, how often have you PUBLICLY
> EMAILED members of this listserv?
>
> Never_____
> Rarely_____
> Occasionally_x___
> Quite Often_____
>
> 18. During the time you have been a member, how often have you
> PRIVATELY EMAILED members of this listserv?
>
> Never_____
> Rarely_____
> Occasionally__xx__
> Quite Often_____
>
> 19. How often do members post CONVERSATIONAL messages on this listserv?
>
> Never_____
> Rarely_____
> Occasionally____
> Quite Often__x___
>
> 20. How often do members post INFORMATIONAL messages on this listserv?
>
> Never_____
> Rarely_____
> Occasionally____
> Quite Often_x____
>
> Is there anything we haven't asked you that you think is important for
> us to know about this listserv?
> no
>
>
> Thank you very much for your help!
>
>
>
>
>
>
>
>
> -
>
>
> -
>
>
- -
------------------------------
Date: Thu, 15 Mar 2001 19:56:35 -0500
From: "Tom Worley" <stkguru@netside.net>
Subject: Re: [CANSLIM] Heaven (or Hell, for the sane among us)
This is a multi-part message in MIME format.
- ------=_NextPart_000_0021_01C0AD8A.0AB1F220
Content-Type: text/plain;
charset="iso-8859-1"
Content-Transfer-Encoding: quoted-printable
It's quite simple, Rick.
I created a portfolio of stocks on which I want an alert. Each day they =
check for anything new (there are something like 25 different topics, =
you can see the list by going to the site and putting a stock symbol in =
the tiny little white box at the upper left) and send me an email with =
that stock's address. The email tells me what is new, and I just click =
on the link and go to its home page. Then click on whatever I want to =
see.
Tom Worley
stkguru@netside.net
ICQ # 5568838
----- Original Message -----=20
From: Rick Parsons=20
To: canslim@lists.xmission.com=20
Sent: Thursday, March 15, 2001 4:15 PM
Subject: RE: [CANSLIM] Heaven (or Hell, for the sane among us)
Tell us more about www.CompanySleuth.com and how you use it.
=20
Thanks,
Rick
-----Original Message-----
From: owner-canslim@lists.xmission.com =
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley
Sent: Wednesday, March 14, 2001 9:51 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] Heaven (or Hell, for the sane among us)
Chris,
I am going to disagree completely with your understanding of how =
things really work in the securities industry. Feel free to hit the =
DELETE button right now.
For anyone else still reading, you can move half a million dollars =
from your money market fund to your aggressive fund today (transfer =
effective after the close, but known to both fund managers before the =
close). But that in no way guarantees that the aggressive fund manager =
will do a thing with your cash but sit on it. Unless it is close to the =
last day of the quarter, the fund manager can sit on a cesspool of cash, =
and do nothing. If it is the last day of the quarter, he may park it in =
pretty stocks for a day, then sell. He may stick it into defensive =
stocks.
The herd instinct can cause all the "small" investors (and many are =
anything but small) to jump back into growth or tech oriented funds, but =
that does not immediately translate into buy side pressure on those =
stocks unless the fund manager agrees with that.
I have spent years both understanding economic reports, as well as =
their relationship to the stock market. I don't claim to be an expert, =
but I do believe I understand the relationship. Do I believe we are =
headed for a recession? NO Do I believe the fear of a recession among =
financial professionals is greater than three months ago? YES Do I =
believe the US economy slowed faster than FOMC expected? YES Do I =
believe FOMC is nervous/scared about the possibility of a recession? YES =
Because I am still working within the securities industry, I am =
exposed to what hundreds, even thousands, of individual investors are =
actually doing with their money. It does bias my perceptions and opinion =
somewhat, especially since I can see what the past successful ones, and =
the unsuccessful ones, are doing. And I do see some buying around the =
fringes, especially on the quality names that have been so battered =
down. I watched a young daytrader, with inherited cash who has lost a =
million or more in the past year, try to once again daytrade his =
favorite stock. Two round trips, lost three points plus on both. No =
surprise, he's not a good daytrader. This is a guy who has traded over =
$16 million of AOL in a single day, and today traded less than $50K of =
another stock. This all goes into my Mark One, Mod Zero human computer. =
And what comes out is an opinion. "M" is just not right at this time.
And my attitude is not biased negatively because of my portfolio, I =
am up about 20% or so this year, and holding right now despite "M". I =
could cash out and take money market interest rates for the next ten =
months, and still have a successful year. And I have never owned a dot =
com. And despite my personal tendency to always be fully invested, I am =
still sitting on more cash than at any time in the past three years, =
without a serious itch to spend it.
The "small" investor will not turn this market around. As is the =
historic practice, it will occur both when it should, for valid reasons =
supporting an expectation of improving conditions, AND when the money =
managers start committing the funds they have in reserve, either in cash =
or in defensive stocks. And it's not only the mutual funds, the role =
here of the institutional investors is far greater than most perceive. =
That is why I like www.CompanySleuth.com for information. It has =
institutional investing information not available on most sites, even my =
so respected DGO.
The biggest problem with Naz, as well as with NYSE, AMEX, was =
valuation. Valuation is driven by expectation, and it was high, to the =
point that the S&P500 trailing PE ratio at one point was around 35, way, =
way over sustainable or historic levels. With the decline we have seen =
in this bear market, it is now down to the mid 20s, which is still way =
over historic levels even during decent economic growth times. Despite =
the magnitude of the declines we have had over the past year, valuations =
on virtually all stocks remain high. There is still downside risk to any =
investor but the daytrader. Unless we see a fairly rapid turnaround in =
earnings expectations, the trailing PE may STILL be too high.
Mr. G has managed this economy so well that we have not had to see a =
slowing economy in far more than your five year cycle. And if he does =
his job as well as I expect, this slowdown will be brief, and build a =
base from which the economy can successfully grow for many years to =
come.
Tom Worley
stkguru@netside.net
ICQ # 5568838
----- Original Message -----=20
From: Vanchee1@aol.com=20
To: canslim@lists.xmission.com=20
Sent: Wednesday, March 14, 2001 8:51 PM
Subject: Re: [CANSLIM] Heaven (or Hell, for the sane among us)
Some interesting thoughts, although big money is funds which are a =
lot of=20
small investors put together, as the small guys run in herds this =
equals the=20
bigger boys holding their money and selling. And I really do doubt =
that our=20
economy is as gloom and doom and ready to rollover & die as you =
think, maybe=20
its just your portfolio giving you such negativity. I see it as =
just a=20
slowing economy which we experience about every 5 or so years.=20
PS, one of the biggest problems with the NAZ was the dot.coms, =
note, I said=20
one.=20
Chris.=20
- ------=_NextPart_000_0021_01C0AD8A.0AB1F220
Content-Type: text/html;
charset="iso-8859-1"
Content-Transfer-Encoding: quoted-printable
<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
<HTML><HEAD>
<META content=3D"text/html; charset=3Diso-8859-1" =
http-equiv=3DContent-Type>
<META content=3D"MSHTML 5.00.2314.1000" name=3DGENERATOR>
<STYLE></STYLE>
</HEAD>
<BODY bgColor=3D#ffffff>
<DIV><FONT size=3D2>It's quite simple, Rick.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=3D2>I created a portfolio of stocks on which I want an =
alert. Each=20
day they check for anything new (there are something like 25 different =
topics,=20
you can see the list by going to the site and putting a stock symbol in =
the tiny=20
little white box at the upper left) and send me an email with that =
stock's=20
address. The email tells me what is new, and I just click on the link =
and go to=20
its home page. Then click on whatever I want to see.</FONT></DIV>
<DIV><BR>Tom Worley<BR><A=20
href=3D"mailto:stkguru@netside.net">stkguru@netside.net</A><BR>ICQ # =
5568838</DIV>
<DIV> </DIV>
<DIV> </DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: =
0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A href=3D"mailto:RickParsons@Columbus.rr.com"=20
title=3DRickParsons@Columbus.rr.com>Rick Parsons</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
href=3D"mailto:canslim@lists.xmission.com"=20
title=3Dcanslim@lists.xmission.com>canslim@lists.xmission.com</A> =
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Thursday, March 15, 2001 =
4:15=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> RE: [CANSLIM] Heaven =
(or Hell,=20
for the sane among us)</DIV>
<DIV><BR></DIV>
<DIV><FONT color=3D#0000ff face=3D"Comic Sans MS" size=3D2><SPAN=20
class=3D570281421-15032001><STRONG>Tell us more about </STRONG><A=20
href=3D"http://www.CompanySleuth.com"><FONT=20
face=3D"Times New =
Roman">www.CompanySleuth.com</FONT></A><STRONG> and how=20
you use it.</STRONG></SPAN></FONT></DIV>
<DIV><FONT color=3D#0000ff face=3D"Comic Sans MS" size=3D2><SPAN=20
class=3D570281421-15032001><STRONG></STRONG></SPAN></FONT> </DIV>
<DIV><FONT color=3D#0000ff face=3D"Comic Sans MS" size=3D2><SPAN=20
=
class=3D570281421-15032001><STRONG>Thanks,</STRONG></SPAN></FONT></DIV>
<DIV> </DIV>
<DIV><STRONG><FONT color=3D#000080 face=3DAndy =
size=3D4>Rick</FONT></STRONG></DIV>
<BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
<DIV align=3Dleft class=3DOutlookMessageHeader dir=3Dltr><FONT =
face=3DTahoma=20
size=3D2>-----Original Message-----<BR><B>From:</B> <A=20
=
href=3D"mailto:owner-canslim@lists.xmission.com">owner-canslim@lists.xmis=
sion.com</A>=20
[<A=20
=
href=3D"mailto:owner-canslim@lists.xmission.com">mailto:owner-canslim@lis=
ts.xmission.com</A>]<B>On=20
Behalf Of </B>Tom Worley<BR><B>Sent:</B> Wednesday, March 14, 2001 =
9:51=20
PM<BR><B>To:</B> <A=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
<BR><B>Subject:</B>=20
Re: [CANSLIM] Heaven (or Hell, for the sane among =
us)<BR><BR></FONT></DIV>
<DIV><FONT size=3D2>Chris,</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=3D2>I am going to disagree completely with your =
understanding=20
of how things really work in the securities industry. Feel free to =
hit the=20
DELETE button right now.</FONT></DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV><FONT size=3D2>For anyone else still reading, you can move half =
a million=20
dollars from your money market fund to your aggressive fund today =
(transfer=20
effective after the close, but known to both fund managers before =
the=20
close). But that in no way guarantees that the aggressive fund =
manager will=20
do a thing with your cash but sit on it. Unless it is close to =
the=20
last day of the quarter, the fund manager can sit on a cesspool of =
cash, and=20
do nothing. If it is the last day of the quarter, he may park it in =
pretty=20
stocks for a day, then sell. He may stick it into defensive=20
stocks.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=3D2>The herd instinct can cause all the "small" =
investors (and=20
many are anything but small) to jump back into growth or tech =
oriented=20
funds, but that does not immediately translate into buy side =
pressure on=20
those stocks unless the fund manager agrees with that.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=3D2>I have spent years both understanding economic =
reports, as=20
well as their relationship to the stock market. I don't claim to be =
an=20
expert, but I do believe I understand the relationship. Do I believe =
we are=20
headed for a recession? NO Do I believe the fear of a recession =
among=20
financial professionals is greater than three months ago? YES Do I =
believe=20
the US economy slowed faster than FOMC expected? YES Do I believe =
FOMC is=20
nervous/scared about the possibility of a recession? YES =
</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=3D2>Because I am still working within the securities =
industry,=20
I am exposed to what hundreds, even thousands, of individual =
investors are=20
actually doing with their money. It does bias my perceptions and =
opinion=20
somewhat, especially since I can see what the past successful ones, =
and the=20
unsuccessful ones, are doing. And I do see some buying around the =
fringes,=20
especially on the quality names that have been so battered down. I =
watched a=20
young daytrader, with inherited cash who has lost a million or more =
in the=20
past year, try to once again daytrade his favorite stock. Two round =
trips,=20
lost three points plus on both. No surprise, he's not a good =
daytrader. This=20
is a guy who has traded over $16 million of AOL in a single day, and =
today=20
traded less than $50K of another stock. This all goes into my Mark =
One, Mod=20
Zero human computer. And what comes out is an opinion. "M" is just =
not right=20
at this time.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=3D2>And my attitude is not biased negatively because =
of my=20
portfolio, I am up about 20% or so this year, and holding right now =
despite=20
"M". I could cash out and take money market interest rates for the =
next ten=20
months, and still have a successful year. And I have never owned a =
dot com.=20
And despite my personal tendency to always be fully invested, I am =
still=20
sitting on more cash than at any time in the past three years, =
without a=20
serious itch to spend it.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=3D2>The "small" investor will not turn this market =
around. As=20
is the historic practice, it will occur both when it should, for =
valid=20
reasons supporting an expectation of improving conditions, AND =
when the=20
money managers start committing the funds they have in reserve, =
either in=20
cash or in defensive stocks. And it's not only the mutual =
funds, the=20
role here of the institutional investors is far greater than most =
perceive.=20
That is why I like <A=20
href=3D"http://www.CompanySleuth.com">www.CompanySleuth.com</A> for=20
information. It has institutional investing information not =
available on=20
most sites, even my so respected DGO.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=3D2>The biggest problem with Naz, as well as with =
NYSE, AMEX,=20
was valuation. Valuation is driven by expectation, and it was high, =
to the=20
point that the S&P500 trailing PE ratio at one point was around =
35, way,=20
way over sustainable or historic levels. With the decline we have =
seen in=20
this bear market, it is now down to the mid 20s, which is still way =
over=20
historic levels even during decent economic growth times. Despite =
the=20
magnitude of the declines we have had over the past year, valuations =
on=20
virtually all stocks remain high. There is still downside risk to =
any=20
investor but the daytrader. Unless we see a fairly rapid turnaround =
in=20
earnings expectations, the trailing PE may STILL be too =
high.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=3D2>Mr. G has managed this economy so well that we =
have not=20
had to see a slowing economy in far more than your five year cycle. =
And if=20
he does his job as well as I expect, this slowdown will be brief, =
and build=20
a base from which the economy can successfully grow for many years =
to=20
come.</FONT></DIV>
<DIV><BR>Tom Worley<BR><A=20
href=3D"mailto:stkguru@netside.net">stkguru@netside.net</A><BR>ICQ # =
5568838</DIV>
<DIV> </DIV>
<DIV> </DIV>
<BLOCKQUOTE=20
style=3D"BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; =
MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- =
</DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A href=3D"mailto:Vanchee1@aol.com"=20
title=3DVanchee1@aol.com>Vanchee1@aol.com</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
href=3D"mailto:canslim@lists.xmission.com"=20
title=3Dcanslim@lists.xmission.com>canslim@lists.xmission.com</A> =
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Wednesday, March 14, =
2001 8:51=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
Heaven (or=20
Hell, for the sane among us)</DIV>
<DIV><BR></DIV><FONT face=3Darial,helvetica><FONT size=3D2>Some =
interesting=20
thoughts, although big money is funds which are a lot of <BR>small =
investors put together, as the small guys run in herds this equals =
the=20
<BR>bigger boys holding their money and selling. And I really do =
doubt=20
that our <BR>economy is as gloom and doom and ready to rollover =
& die=20
as you think, maybe <BR>its just your portfolio giving you such=20
negativity. I see it as just a <BR>slowing economy which we =
experience=20
about every 5 or so years. <BR><BR>PS, one of the biggest problems =
with=20
the NAZ was the dot.coms, note, I said <BR>one. =
<BR><BR>Chris.</FONT>=20
</FONT></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
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End of canslim-digest V2 #1211
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