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To: Chuzzlewit who wrote (24702)	12/10/1997 10:11:00 PM
From: hpeace	Read Replies (2) \| Respond to of 176387

paul, here's the rest of the canslim O'neil's exchange2000.com

To: Chuzzlewit who wrote (24702)	12/10/1997 10:16:00 PM
From: McNabb Brothers	Respond to of 176387

Paul, <Here is my prescription for making money in the market: buy good quality companies with good growth prospects within growng industries. Make sure that the price you pay is consistent with the growth prospects for the company, and sell only when you either need the money for other purposes or the underlying long-term growth story is compromised.> I fully agree with you on the above statement for long term investing and I use the same principals in my long term core holdings, but if one is going to trade you better have other indicators than the above prescription! You can believe what ever you want, but I know a number of individuals that make big money trading and using TA in doing so and I'm one of them! I still have another two or three months before we will check your potfolio out using my TA, but I still feel very good about it! If I call it correct all you will have to do is blame it on the Asian crisis or what ever else that may happen between now and then! If you do blame it on something besides the TA being right we will start all over again for another two or three month period and I will show you how it can be done again! Hank

To: Chuzzlewit who wrote (24702)	12/11/1997 10:06:00 AM
From: James H. Irwin	Read Replies (1) \| Respond to of 176387

I did not intend to ascribe those commandments to Wm O'Neil. Those were gleaned while in the brokerage industry...from an unnamed source. I know a few who would like to take credit. I do not know your background so in the spirit of knowing one's audience I am at a disadvantage but here goes: In regards to stocks having no memory: implies that "xyzz" corp. has no recollection of you, the investor, whether short or long, is involved. Further, so as not to get to lengthy, the key is to cut your losses and let your winner run: your last paragraph I agree with, but what is a "quality" company, AMAT?, try going to the butcher for a Filet with your $50 stock and say hey what do you mean its worth less than $30. Use any tech stock you want as of late. In closing the Commandments were meant to be a guideline like anything else. I don't profess to know anymore than anyone else...and from the posts I've read on this thread, there are individuals who have forgotten more than I will ever know in their respective fields. However, I do have more than a decade and a half of making mistakes...and learning from most of them...I still commit a few...usually when I try to "invest" in companies selling myself on their respective virtues, when the market doesn't give a ____. Enough said. Happy Holidays Bon Chance. Jim