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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Thean who wrote (18088)4/5/1998 9:43:00 PM
From: waverider  Read Replies (1) of 95453
 
>>It really helps to know what his funds buy and how diverse his fund holdings are before jumping into CANSLIM does not work conclusion.<<

Thean, my dad had the fund for about 2 years after he went to one of O'Neil's seminars. My parents did that...buy things because of a seminar or convincing broker (Hence the Paine Webber Partnership in the 80's). Anyway, my point is that O'Neil claimed he used the CANSLIM on his mutual fund and proclaimed it as the answer to all market timing questions. He wasn't even beating the market.

As I remember, it was a rather diversified fund based on the CANSLIM method. Seemed funny to me that a fund run by him didn't do very well. I believe it is a good benchmark for the method. However, if you have used the technique and done well it may be because of your smaller portfolio, as you suggested.

Damn...I just spent 10 minutes trying to find the stats on the thing and can't locate it in the paper. Used to be called New USA fund. When I'm bored, I'll try to dig (drill) deeper.
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