$$$MR. MARKET$$$ Banned by IBD

[OmahaInvestor]

It only took me a couple of weeks to realize IBD was a waste of money...I could do much better on my own and with the help of free sites such as these I no longer needed IBD. I hadn't gotten around to cancelling it until I read about how they banned Mr. Market so I just called them and put an end to it. Not only out of respect for this forum but because they wasted my money on lame info. Thanks again Mr. Market for having a website I HAVE to visit daily.

[Websman]

Who the heck cares about an update???

I'm not paranoid. It's just that I know they're talking about us? lol

[Gatorman]

I'm not paranoid. It's just that I know they're talking about us? lol

Websman:
It's pretty much the status quo over there.
Pamela is still trying to find someone to blame for making a bone-head move a week ago, the usual suspects are trying to figure where they went wrong in riding DHB down, others are trying to find out why they followed CANSLIM and lost, Bruce is still giving good advice. I cannot find any mention of the "recently banished" although I have always had problems searching the forums.

[IIC]

Here's an update...although not the one you are looking for:

I'm pleased to announce that the CANSLIM Select Fund (CSSGX) made a whopping 0.39% this past quarter.

http://stockcharts.com/def/servlet/SC.web?c=cssgx

Geez... the S & P 500 was +1.6% over the same time... The DJIA +1.4%...Naz Comp +2.4%...Naz 100 2.7%...Heck, I get paid more than .39% for the idle cash I have sitting in my brokerage accounts.

Why doesn't somebody post about that at their Forum?

[Websman]

Websman:
It's pretty much the status quo over there.
Pamela is still trying to find someone to blame for making a bone-head move a week ago, the usual suspects are trying to figure where they went wrong in riding DHB down, others are trying to find out why they followed CANSLIM and lost, Bruce is still giving good advice. I cannot find any mention of the "recently banished" although I have always had problems searching the forums.

I must say that Bruce is amazing. I enjoy his service and will subscribe to it as long as he offers it.

[Websman]

Here's an update...although not the one you are looking for:

I'm pleased to announce that the CANSLIM Select Fund (CSSGX) made a whopping 0.39% this past quarter.

http://stockcharts.com/def/servlet/SC.web?c=cssgx

Geez... the S & P 500 was +1.6% over the same time... The DJIA +1.4%...Naz Comp +2.4%...Naz 100 2.7%...Heck, I get paid more than .39% for the idle cash I have sitting in my brokerage accounts.

Why doesn't somebody post about that at their Forum?

What? The IBD 100 didn't outpeform the market??? Lies! Blasphemy!!! Say it's not so Doug! Oh....the agony.

[billyjoe]

I think they want to ban Bruce but can't think of a good enough excuse. He goes out of his way to remain civil to forum members regardless of their attitude and he doesn't promote his site. My prediction : IBD will get rid of him within 6 months.

billyjoe

[billyjoe]

Here's an update...although not the one you are looking for:

I'm pleased to announce that the CANSLIM Select Fund (CSSGX) made a whopping 0.39% this past quarter.

http://stockcharts.com/def/servlet/SC.web?c=cssgx

Geez... the S & P 500 was +1.6% over the same time... The DJIA +1.4%...Naz Comp +2.4%...Naz 100 2.7%...Heck, I get paid more than .39% for the idle cash I have sitting in my brokerage accounts.

Why doesn't somebody post about that at their Forum?

Doug,
But what was the return a year before they were picked?That's how to calculate their returns. I think it's something like 1000%.

billyjoe

[Gatorman]

I must say that Bruce is amazing. I enjoy his service and will subscribe to it as long as he offers it.

I had noticed in some of your previous posts, you indicated that Poormans had played a role in developing ideas.
What portion of your favorable trades in 2005 do you attribute to information developed from his service?

[IIC]

Doug,
But what was the return a year before they were picked?That's how to calculate their returns. I think it's something like 1000%.

billyjoe

The CSSGX is not the IBD 100...It is a mutual fund that uses CANSLIM criteria to pick stocks. It started in late September 2005. Investors.com has their holdings listed but it is run by Duncan Hurst http://www.dhcm.com

My guess is that it will go the way of the old New USA fund...You cannot effectively trade CANSLIM with that much money...it just won't work. There are other funds that use CANSLIM criteria...some have been around for quite a while...but results have been less than stellar.

It's one thing to paper trade...like IBD does with their absurd claims in the paper regarding the 85-85's, New America's, IBD 100 results etc...It's another thing to do it in the real world.

At the Expo a guy working the IBD booth was telling people that the fund was up 13% since October...What he failed to mention was that just before that the fund had dropped almost 10%...at least according to Stockcharts.com...If I had known that at the time I would have had a field day...LOL...and now it is down almost 3% since the guy said that.

Oh well...who cares anyway???

[Websman]

I had noticed in some of your previous posts, you indicated that Poormans had played a role in developing ideas.
What portion of your favorable trades in 2005 do you attribute to information developed from his service?

I'd say about half of my trades come from Poormans model portfolio. I haven't seen the final figure yet, but last I checked, his model was up about 34%.

[IIC]

I'd say about half of my trades come from Poormans model portfolio. I haven't seen the final figure yet, but last I checked, his model was up about 34%.

He told me a couple of days ago that it was +35%...So sounds right...I think that is good for a relatively Intermediate Term portfolio last year...Beat my Intermediate and Long Term portfolios by 7%...I think he's a good guy( And I think he's honest...Right or Wrong) and I think for those that are looking for "fairly" safe stocks in an Intermediate time frame he offers quite a bit of insight and good ideas....Doug(IIC)

[Websman]

He told me a couple of days ago that it was +35%...So sounds right...I think that is good for a relatively Intermediate Term portfolio last year...Beat my Intermediate and Long Term portfolios by 7%...I think he's a good guy( And I think he's honest...Right or Wrong) and I think for those that are looking for "fairly" safe stocks in an Intermediate time frame he offers quite a bit of insight and good ideas....Doug(IIC)

Here's a clip from Poormans weekend update...

"The 8 mutual funds identified by Poormas last December were up 11.5% for 2005 and the model up 34.5%, but a little less than 2004 (36.3%)."


34.5% is still impressive.

[Gatorman]

Here's a clip from Poormans weekend update...

"The 8 mutual funds identified by Poormas last December were up 11.5% for 2005 and the model up 34.5%, but a little less than 2004 (36.3%)."


34.5% is still impressive.

That ain't shabby by any standard.

[mrmarket]

That ain't shabby by any standard.

It would great to see Poorman's posting over here. He could pimp his site all he wanted.