Go to Jeff Salisbury LWGate Home Page.From: "Jeff Henderson" <JHend746@cox.net>
Subject: RE: [CANSLIM] negatives of CANSLIM
Date: Wed, 20 Aug 2003 06:10:53 -0500
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Jeff,
Sorry I didn't read your next post before posting mine regarding exits.
- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of Jeff Mulder
Sent: Tuesday, August 19, 2003 10:40 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] negatives of CANSLIM
<< Also I would never do percent stop losses or at least keep it at a
flat rate. I think moving stop losses based on volatility seem more
logical. >>
You may want to test and compare variations of both stop-setting
strategies to find the one that works best, rather than blindly
following one that "seems more logical."
- - Jeff
- ----- Original Message -----
From: Jeff Henderson <mailto:JHend746@cox.net>
To: canslim@lists.xmission.com
Sent: Sunday, August 17, 2003 6:06 PM
Subject: RE: [CANSLIM] negatives of CANSLIM
Also I would never do percent stop losses or at least keep it at a flat
rate. I think moving stop losses based on volatility seem more logical.
- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of Jeff Henderson
Sent: Sunday, August 17, 2003 4:18 PM
To: Canslim
Subject: [CANSLIM] negatives of CANSLIM
Hi group,
I'm glad that we can discuss companies using CANSLIM to evaluate
companies, but I was wondering if any of you think there are any
negatives to this system (as discussed in HTMMIS). I think it's
important to fully evaluate a system, look for any absolutes or
conditionals in the system and evaluate it against other options. For
example I know CANSLIM works the best during a bull market and we are
not in a full fledged bull market right now. Also, as far as using
WON's entry signals, specifically the chart patterns, I will quote Tharp
from his book, Trade your way to Financial Freedom re:Chart patterns in
general "However, such patterns are very difficult to computerize and
thus test. In addition when people do test these various patterns, they
do not find anyevidence that they increase the reliability of entry
signals beyond the 50 percent level." I do not doubt WON's methods, but
I believe that skepticism is healthy and that is beneficial to discuss
potential flaws in a system.
Jeff
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<div class=3DSection1>
<p class=3DMsoNormal><font size=3D2 color=3Dnavy face=3DArial><span =
style=3D'font-size:
10.0pt;font-family:Arial;color:navy'>Jeff,<o:p></o:p></span></font></p>
<p class=3DMsoNormal><font size=3D2 color=3Dnavy face=3DArial><span =
style=3D'font-size:
10.0pt;font-family:Arial;color:navy'><o:p> </o:p></span></font></p>
<p class=3DMsoNormal><font size=3D2 color=3Dnavy face=3DArial><span =
style=3D'font-size:
10.0pt;font-family:Arial;color:navy'>Sorry I didn’t read your next =
post
before posting mine regarding exits.<o:p></o:p></span></font></p>
<p class=3DMsoNormal><font size=3D2 color=3Dnavy face=3DArial><span =
style=3D'font-size:
10.0pt;font-family:Arial;color:navy'><o:p> </o:p></span></font></p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
face=3DTahoma><span
style=3D'font-size:10.0pt;font-family:Tahoma'>-----Original =
Message-----<br>
<b><span style=3D'font-weight:bold'>From:</span></b> =
owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] <b><span =
style=3D'font-weight:bold'>On
Behalf Of </span></b>Jeff Mulder<br>
<b><span style=3D'font-weight:bold'>Sent:</span></b> =
</span></font><st1:date
Month=3D"8" Day=3D"19" Year=3D"2003"><font size=3D2 face=3DTahoma><span =
style=3D'font-size:
10.0pt;font-family:Tahoma'>Tuesday, August 19, =
2003</span></font></st1:date><font
size=3D2 face=3DTahoma><span =
style=3D'font-size:10.0pt;font-family:Tahoma'> </span></font><st1:time
Hour=3D"22" Minute=3D"40"><font size=3D2 face=3DTahoma><span =
style=3D'font-size:10.0pt;
font-family:Tahoma'>10:40 PM</span></font></st1:time><font size=3D2 =
face=3DTahoma><span
style=3D'font-size:10.0pt;font-family:Tahoma'><br>
<b><span style=3D'font-weight:bold'>To:</span></b> =
canslim@lists.xmission.com<br>
<b><span style=3D'font-weight:bold'>Subject:</span></b> Re: [CANSLIM] =
negatives
of CANSLIM</span></font></p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'><o:p> </o:p></span></font></p>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'><< <font =
color=3Dnavy><span
style=3D'color:navy'>Also I would never do percent stop losses or at =
least keep
it at a flat rate.<span style=3D'mso-spacerun:yes'> </span>I think =
moving stop
losses based on volatility seem more logical. =
>></span></font></span></font><o:p></o:p></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> <o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
color=3Dnavy face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;color:navy'>You may want to =
test and
compare variations of both stop-setting strategies to find the one that =
works
best, rather than blindly following one that "seems more =
logical."</span></font><o:p></o:p></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> <o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
color=3Dnavy face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;color:navy'>- =
Jeff</span></font><o:p></o:p></p>
</div>
<blockquote style=3D'border:none;border-left:solid black =
1.5pt;padding:0in 0in 0in 4.0pt;
margin-left:3.75pt;margin-top:5.0pt;margin-right:0in;margin-bottom:5.0pt'=
>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'>----- Original Message =
- ----- <o:p></o:p></span></font></p>
</div>
<div style=3D'font-color:black'>
<p class=3DMsoNormal =
style=3D'margin-left:.5in;background:#E4E4E4'><b><font size=3D2
face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'>From:</span=
></font></b><font
size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial'> <a
href=3D"mailto:JHend746@cox.net" title=3D"JHend746@cox.net">Jeff =
Henderson</a> <o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><b><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'>To:</span><=
/font></b><font
size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial'> <a
href=3D"mailto:canslim@lists.xmission.com" =
title=3D"canslim@lists.xmission.com">canslim@lists.xmission.com</a>
<o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><b><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'>Sent:</span=
></font></b><font
size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial'> </span></font><st1:date
Month=3D"8" Day=3D"17" Year=3D"2003"><font size=3D2 face=3DArial><span =
style=3D'font-size:
10.0pt;font-family:Arial'>Sunday, August 17, =
2003</span></font></st1:date><font
size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial'> </span></font><st1:time
Hour=3D"18" Minute=3D"6"><font size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;
font-family:Arial'>6:06 PM</span></font></st1:time><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'><o:p></o:p></span></font></p=
>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><b><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'>Subject:</s=
pan></font></b><font
size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial'> RE:
[CANSLIM] negatives of CANSLIM<o:p></o:p></span></font></p>
</div>
<div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'><o:p> </o:p></span></font></p>
</div>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
color=3Dnavy face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;color:navy'>Also I would =
never do
percent stop losses or at least keep it at a flat rate.<span
style=3D'mso-spacerun:yes'> </span>I think moving stop losses =
based on
volatility seem more logical.<o:p></o:p></span></font></p>
<p class=3DMsoNormal style=3D'margin-left:.5in'><font size=3D2 =
color=3Dnavy face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial;color:navy'><o:p> </o:p>=
</span></font></p>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D2 =
face=3DTahoma><span
style=3D'font-size:10.0pt;font-family:Tahoma'>-----Original =
Message-----<br>
<b><span style=3D'font-weight:bold'>From:</span></b> <a
href=3D"mailto:owner-canslim@lists.xmission.com">owner-canslim@lists.xmis=
sion.com</a>
[mailto:owner-canslim@lists.xmission.com] <b><span =
style=3D'font-weight:bold'>On
Behalf Of </span></b>Jeff Henderson<br>
<b><span style=3D'font-weight:bold'>Sent:</span></b> =
</span></font><st1:date
Month=3D"8" Day=3D"17" Year=3D"2003"><font size=3D2 face=3DTahoma><span =
style=3D'font-size:
10.0pt;font-family:Tahoma'>Sunday, August 17, =
2003</span></font></st1:date><font
size=3D2 face=3DTahoma><span =
style=3D'font-size:10.0pt;font-family:Tahoma'> </span></font><st1:time
Hour=3D"16" Minute=3D"18"><font size=3D2 face=3DTahoma><span =
style=3D'font-size:10.0pt;
font-family:Tahoma'>4:18 PM</span></font></st1:time><font size=3D2 =
face=3DTahoma><span
style=3D'font-size:10.0pt;font-family:Tahoma'><br>
<b><span style=3D'font-weight:bold'>To:</span></b> Canslim<br>
<b><span style=3D'font-weight:bold'>Subject:</span></b> [CANSLIM] =
negatives of
CANSLIM</span></font><o:p></o:p></p>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D3 =
face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'><o:p> </o:p></span></font></p>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'>Hi =
group,<o:p></o:p></span></font></p>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'><o:p> </o:p></span></fo=
nt></p>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'>I’m glad that we can =
discuss companies
using CANSLIM to evaluate companies, but I was wondering if any of you =
think
there are any negatives to this system (as discussed in HTMMIS).<span
style=3D'mso-spacerun:yes'> </span>I think it’s important to =
fully
evaluate a system, look for any absolutes or conditionals in the system =
and
evaluate it against other options.<span =
style=3D'mso-spacerun:yes'> </span>For
example I know CANSLIM works the best during a bull market and we are =
not in a
full fledged bull market right now.<span =
style=3D'mso-spacerun:yes'>
</span>Also, as far as using WON’s entry signals, specifically the =
chart
patterns, I will quote Tharp from his book, <u>Trade your way to =
Financial
Freedom</u> re:Chart patterns in general “However, such patterns =
are very
difficult to computerize and thus test.<span =
style=3D'mso-spacerun:yes'>
</span>In addition when people do test these various patterns, they do =
not find
anyevidence that they increase the reliability of entry signals beyond =
the 50
percent level.”<span style=3D'mso-spacerun:yes'> </span>I do =
not doubt
WON’s methods, but I believe that skepticism is healthy and that =
is
beneficial to discuss potential flaws in a =
system.<o:p></o:p></span></font></p>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'><o:p> </o:p></span></fo=
nt></p>
<p class=3DMsoNormal style=3D'margin-left:1.0in'><font size=3D2 =
face=3DArial><span
style=3D'font-size:10.0pt;font-family:Arial'>Jeff<o:p></o:p></span></font=
></p>
</blockquote>
</div>
</body>
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