From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #1629 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 Friday, August 24 2001 Volume 02 : Number 1629 In this issue: [CANSLIM] Some signs of recovery Re: [CANSLIM] where is everyone? Re: [CANSLIM] shorting stocks Re: [CANSLIM] shorting stocks Re: [CANSLIM] where is everyone? Re: [CANSLIM] shorting stocks Re: [CANSLIM] where is everyone? Re: [CANSLIM] shorting stocks Re: [CANSLIM] shorting stocks [CANSLIM] Recognizing a good "M"? Re: [CANSLIM] where is everyone? Re: [CANSLIM] shorting stocks Re: [CANSLIM] where is everyone? Re: [CANSLIM] Recognizing a good "M"? ---------------------------------------------------------------------- Date: Fri, 24 Aug 2001 09:43:19 -0400 From: "Tom Worley" Subject: [CANSLIM] Some signs of recovery This is a multi-part message in MIME format. - ------=_NextPart_000_005D_01C12C81.3572BDC0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable For those like myself that are hooked on tech stocks, and looking for = signs of recovery in order to keep the faith, look at how the market is = responding to the news yesterday from CSCO, ADCT, NOVL, and ELBO. All = are up on the open, even tho some of the news didn't look that = encouraging short term. Tom Worley stkguru@netside.net AIM: TexWorley - ------=_NextPart_000_005D_01C12C81.3572BDC0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
For those like myself that are hooked on tech = stocks, and=20 looking for signs of recovery in order to keep the faith, look at how = the market=20 is responding to the news yesterday from CSCO, ADCT, NOVL, and ELBO. All = are up=20 on the open, even tho some of the news didn't look that encouraging = short=20 term.
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
- ------=_NextPart_000_005D_01C12C81.3572BDC0-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Fri, 24 Aug 2001 08:46:03 -0500 From: "Rich Weinhold" Subject: Re: [CANSLIM] where is everyone? This is a multi-part message in MIME format. - ------=_NextPart_000_00B8_01C12C79.3537D140 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Surindra Where did you pick this up (Web Site??) Rich - ------=_NextPart_000_00B8_01C12C79.3537D140 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Surindra
Where did = you pick=20 this up (Web Site??)
Rich
- ------=_NextPart_000_00B8_01C12C79.3537D140-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Fri, 24 Aug 2001 09:59:37 -0400 From: "Ann Hollingworth" Subject: Re: [CANSLIM] shorting stocks This is a multi-part message in MIME format. - ------=_NextPart_000_00AA_01C12C83.7BC301C0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I'm just quoting the guy being interviewed. (Can't remember who) I sure = hope you're right. ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Friday, August 24, 2001 9:15 AM Subject: Re: [CANSLIM] shorting stocks Ann, The bull market was the longest running in history, and did not last = in "years of two digits". Bear markets historically have always been = shorter than the bull markets, and the only way I see this one lasting = in years of two digits is if you use 1+1. Tom Worley stkguru@netside.net AIM: TexWorley ----- Original Message -----=20 From: Ann Hollingworth=20 To: canslim@lists.xmission.com=20 Sent: Friday, August 24, 2001 8:26 AM Subject: [CANSLIM] shorting stocks Does anyone short stocks? I am reading up on what WON says about it. = The only trouble is that he says to do it at the beginning of a bear = market. I hope this isn't (relatively speaking, of course) the beginning!! But = I have heard comments in the media about this being a bear market lasting = in years of two digits (after a bull market that lasted as long). Ann ----- Original Message ----- From: "Dan Forant" To: Sent: Friday, August 24, 2001 7:03 AM Subject: Re: [CANSLIM] where is everyone? > If it's forming the left side of the cup, it may take months to = years to get > back to an up market. Why not let this group discuss other methods = of stock > investing? This market won't pick up till at least next year, but = there are > ways around it. > > DanF > ----- Original Message ----- > From: "Stevan Alburty" > To: > Sent: Friday, August 24, 2001 1:12 AM > Subject: Re: [CANSLIM] where is everyone? > > > > I'm trying to take a positive view: the market isn't going in = the toilet. > > It's just forming the left side of a really really big CANSLIM = cup! > > > > Steve > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - ------=_NextPart_000_00AA_01C12C83.7BC301C0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
I'm just quoting the guy being interviewed. (Can't = remember=20 who) I sure hope you're right.
----- Original Message -----
From:=20 Tom = Worley=20
Sent: Friday, August 24, 2001 = 9:15=20 AM
Subject: Re: [CANSLIM] shorting = stocks

Ann,
 
The bull market was the longest running in = history, and did=20 not last in "years of two digits". Bear markets historically have = always been=20 shorter than the bull markets, and the only way I see this one lasting = in=20 years of two digits is if you use 1+1.
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
----- Original Message -----
From:=20 Ann=20 Hollingworth
Sent: Friday, August 24, 2001 = 8:26=20 AM
Subject: [CANSLIM] shorting=20 stocks

Does anyone short stocks? I am reading up on what WON = says=20 about it. The
only trouble is that he says to do it at the = beginning of a=20 bear market. I
hope this isn't (relatively speaking, of course) = the=20 beginning!! But I have
heard comments in the media about this = being a=20 bear market lasting in years
of two digits (after a bull market = that=20 lasted as long).
Ann

----- Original Message -----
From: = "Dan=20 Forant" <dforant1@nycap.rr.com>
To= :=20 <canslim@lists.xmission.com= >
Sent:=20 Friday, August 24, 2001 7:03 AM
Subject: Re: [CANSLIM] where is=20 everyone?


> If it's forming the left side of the cup, = it may=20 take months to years to
get
> back to an up market. Why not = let=20 this group discuss other methods of
stock
> investing? This = market=20 won't pick up till at least next year, but there
are
> ways = around=20 it.
>
> DanF
> ----- Original Message = - -----
> From:=20 "Stevan Alburty" <alburty@earthlink.net>
&g= t;=20 To: <canslim@lists.xmission.com= >
>=20 Sent: Friday, August 24, 2001 1:12 AM
> Subject: Re: [CANSLIM] = where=20 is everyone?
>
>
> > I'm trying to take a = positive=20 view: the market isn't going in the
toilet.
> > It's = just=20 forming the left side of a really really big CANSLIM cup!
>=20 >
> > Steve
> >
> >
> > = - -
>=20 > -To subscribe/unsubscribe, email "majordomo@xmission.com"
>= ;=20 > -In the email body, write "subscribe canslim" or
> >=20 -"unsubscribe canslim".  Do not use quotes in your = email.
>=20 >
>
>
> -
> -To subscribe/unsubscribe, = email "majordomo@xmission.com"
>= ; -In=20 the email body, write "subscribe canslim" or
> -"unsubscribe=20 canslim".  Do not use quotes in your = email.
>


-
-To=20 subscribe/unsubscribe, email "majordomo@xmission.com"
-In= the=20 email body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your = email.
- ------=_NextPart_000_00AA_01C12C83.7BC301C0-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Fri, 24 Aug 2001 11:39:10 EDT From: Spencer48@aol.com Subject: Re: [CANSLIM] shorting stocks Ann: Just my opinion: We've had 7 interest rate cuts since January (historically 2 or more ALWAYS lead to a bull). Moreover, hi/low divergence; some seniment inidcators; a/d line getting stronger as the S&P falls.... All this leads me to believe, not to short now-especially since we are near testing the April lows (I don't believe-at least I hope not-we are going towards another bear leg). I believe the bear is on its last legs. I wouldn't be surprised if the bull leaves the corral in October-when the sentiment (based on historical plummets) should be low. Of course, I'll wait till the market tells me for certain. However, right now the market is yelling-in my opinion-"strength". jans - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Fri, 24 Aug 2001 08:47:12 -0700 (PDT) From: Kent Norman Subject: Re: [CANSLIM] where is everyone? Then this should be called "fair weather CANSLIM" Like others have said. During idle times, practice your game. Take a lesson from the farmer in winter. Prepare your tools for the spring. Regards Kent Norman Why not let this group discuss > other methods of stock > investing? This market won't pick up till at least > next year, but there are > ways around it. > > DanF __________________________________________________ Do You Yahoo!? Make international calls for as low as $.04/minute with Yahoo! Messenger http://phonecard.yahoo.com/ - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Fri, 24 Aug 2001 10:49:58 -0500 From: Gene Ricci Subject: Re: [CANSLIM] shorting stocks Ann, there is still ample time to short stocks. September and October are notorious for down markets because...... because. I believe we're in for a short pop and then about 6-8 weeks of continued misery. We've had success shorting good CANSLIM stocks after they have made a run. We didn't get in on the way up but are enjoying some that fall. Check them out. Gene - ----- Original Message ----- From: Ann Hollingworth To: canslim@lists.xmission.com Sent: Friday, August 24, 2001 8:26 AM Subject: [CANSLIM] shorting stocks Does anyone short stocks? I am reading up on what WON says about it. The only trouble is that he says to do it at the beginning of a bear market. I hope this isn't (relatively speaking, of course) the beginning!! But I have heard comments in the media about this being a bear market lasting in years of two digits (after a bull market that lasted as long). Ann - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Fri, 24 Aug 2001 12:00:20 EDT From: Spencer48@aol.com Subject: Re: [CANSLIM] where is everyone? Canslimmers: I agree with Tom. If this forum ever gets into non-Canslim discussions, I can and will go somewhere else. Not that I'm snobbish-but, I figure, why waste my time with what I consider inferior techniques (and I've heard them all). There are many Canslim forums on the Web: I chose this Canslim forum because it was the first one I visited when I got my 2nd computer. Also, there are a lot of interesting observations, insights and intriguing questions put forth. All this and Tom's teachings too. So long as the forum is devoted mainly to the Canslim system (and not other investing practices), I remain addicted to it. I've heard of the War On Drugs: let's not have a War On Canslim-at least not on this canslim list! Finally, I, for one, would like to thank Jeff for his time and money in developing this forum. I had no idea that he has to spend money to maintain this forum on the Net. jans In a message dated 8/24/2001 9:17:24 AM Eastern Daylight Time, stkguru@netside.net writes: << Dan, This is a CANSLIM group. That is why Jeff Salisbury spends his time and money providing the forum. It would be up to him if he wants to spend that same time and money to continue to provide this forum for discussing other methods of investing. And, of course, up to the membership if they then wanted to remain a member. For me, I have already tried (not just discussed) most other methods of investing and prefer CANSLIM, so I would reluctantly unsubscribe should Jeff decide to make that change. >> - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Fri, 24 Aug 2001 10:03:22 -0600 From: "Patrick Wahl" Subject: Re: [CANSLIM] shorting stocks David Ryan in Market Wizards quote O'Neil as saying shorting is much more difficult than going long, and O'Neil told Ryan he had made substantial money in only 2 of the previous 9 bear markets (this was written several years ago). Looking around there are certainly lots of stocks that it would have been nice to have shorted in the last year. If you wish to try it, I would suggest looking into some Swing Trading strategies, unfortunately the two books I would recommend are quite expensive (Street Smarts and Hit and Run Trading). Basically, I think you want to find stocks in a downtrend, short on a pullback (a rally), using something like a 20 EMA as a resistance level at which to short. John Bollinger was on CNBC this week and put up a long term chart of the market that showed a sideways market from 1966 to 1982, hope we don't have to deal with something like that. On 24 Aug 01, at 8:26, Ann Hollingworth wrote: > Does anyone short stocks? I am reading up on what WON says about it. The > only trouble is that he says to do it at the beginning of a bear market. I > hope this isn't (relatively speaking, of course) the beginning!! But I have > heard comments in the media about this being a bear market lasting in years > of two digits (after a bull market that lasted as long). > Ann > > ----- Original Message ----- > From: "Dan Forant" > To: > Sent: Friday, August 24, 2001 7:03 AM > Subject: Re: [CANSLIM] where is everyone? > > > > If it's forming the left side of the cup, it may take months to years to > get > > back to an up market. Why not let this group discuss other methods of > stock > > investing? This market won't pick up till at least next year, but there > are > > ways around it. > > > > DanF > > ----- Original Message ----- > > From: "Stevan Alburty" > > To: > > Sent: Friday, August 24, 2001 1:12 AM > > Subject: Re: [CANSLIM] where is everyone? > > > > > > > I'm trying to take a positive view: the market isn't going in the > toilet. > > > It's just forming the left side of a really really big CANSLIM cup! > > > > > > Steve > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Fri, 24 Aug 2001 12:07:13 -0400 From: "Ann Hollingworth" Subject: Re: [CANSLIM] shorting stocks Thank you everyone for the feedback on shorting. Patrick, what is Market Wizards? - ----- Original Message ----- From: "Patrick Wahl" To: Sent: Friday, August 24, 2001 12:03 PM Subject: Re: [CANSLIM] shorting stocks > David Ryan in Market Wizards quote O'Neil as saying shorting is > much more difficult than going long, and O'Neil told Ryan he had > made substantial money in only 2 of the previous 9 bear markets > (this was written several years ago). > > Looking around there are certainly lots of stocks that it would have > been nice to have shorted in the last year. If you wish to try it, I > would suggest looking into some Swing Trading strategies, > unfortunately the two books I would recommend are quite > expensive (Street Smarts and Hit and Run Trading). Basically, I > think you want to find stocks in a downtrend, short on a pullback (a > rally), using something like a 20 EMA as a resistance level at > which to short. > > John Bollinger was on CNBC this week and put up a long term > chart of the market that showed a sideways market from 1966 to > 1982, hope we don't have to deal with something like that. > > On 24 Aug 01, at 8:26, Ann Hollingworth wrote: > > > Does anyone short stocks? I am reading up on what WON says about it. The > > only trouble is that he says to do it at the beginning of a bear market. I > > hope this isn't (relatively speaking, of course) the beginning!! But I have > > heard comments in the media about this being a bear market lasting in years > > of two digits (after a bull market that lasted as long). > > Ann > > > > ----- Original Message ----- > > From: "Dan Forant" > > To: > > Sent: Friday, August 24, 2001 7:03 AM > > Subject: Re: [CANSLIM] where is everyone? > > > > > > > If it's forming the left side of the cup, it may take months to years to > > get > > > back to an up market. Why not let this group discuss other methods of > > stock > > > investing? This market won't pick up till at least next year, but there > > are > > > ways around it. > > > > > > DanF > > > ----- Original Message ----- > > > From: "Stevan Alburty" > > > To: > > > Sent: Friday, August 24, 2001 1:12 AM > > > Subject: Re: [CANSLIM] where is everyone? > > > > > > > > > > I'm trying to take a positive view: the market isn't going in the > > toilet. > > > > It's just forming the left side of a really really big CANSLIM cup! > > > > > > > > Steve > > > > > > > > > > > > - > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > -In the email body, write "subscribe canslim" or > > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Fri, 24 Aug 2001 10:13:47 -0600 From: Warren Keuffel Subject: [CANSLIM] Recognizing a good "M"? Folks, how are we supposed to recognize a good "M" environment when it arrives? What objective criteria should we use to say that we've turned the corner? Back in April obviously no one could predict that we were entering a bear market until we were well into it. Will we be well into a bull market before we know it? How can we be ahead of the curve on this? Warren - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Fri, 24 Aug 2001 12:44:56 -0400 From: "Dan Forant" Subject: Re: [CANSLIM] where is everyone? This is a multi-part message in MIME format. - ------=_NextPart_000_0034_01C12C9A.944637A0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Good point Tom. With due respect, I disagree, Canslim is not a way to = make $ in a bear market. Evidence those here who have a negative = portfolio trying to practice it. I'm not knocking Canslim, just the time = in History when it's being practiced. There are exceptions, such as you = who can tweak it to function. Congratulations. As I understand some of = your posts, you do not strictly adhere to Canslim for investing but do = for this group. IMHO, this M will not rebound at least till next Spring. = My evidence? Guessing, it's as good a guess as anyone's.=20 DanF - ----- Original Message -----=20 From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Friday, August 24, 2001 9:12 AM Subject: Re: [CANSLIM] where is everyone? Dan, This is a CANSLIM group. That is why Jeff Salisbury spends his time = and money providing the forum. It would be up to him if he wants to = spend that same time and money to continue to provide this forum for = discussing other methods of investing. And, of course, up to the = membership if they then wanted to remain a member. For me, I have = already tried (not just discussed) most other methods of investing and = prefer CANSLIM, so I would reluctantly unsubscribe should Jeff decide to = make that change. My IRA continues to make me money, not much, but beating the indexes. = And my VR mutual fund satisfies my need to buy something, since I must = be at least 65% invested even in this lousy "M". And it too is beating = the indexes, so I figure I must still be doing something right. And it = is teaching me things I didn't know before, and helping me maintain a = huge watch list. CANSLIM works for me, even now. As for the lousy "M", this too will = pass, and soon. It will be months, not years. If you don't believe me, = just look at history. The bull market lasted years longer than any of = the market prognosticators predicted, and was marked at its tail end = with the excesses of the dot coms. The bear market (or at least proof we = are recovering from the bear) is also lasting longer than most expected, = largely due the lack of conviction in an economic recovery having begun. = I have no doubt we will begin to see that by the fall, and proof of = earnings recovery by the end of the year. I expect stock performance to = precede proof of earnings recovery. If you really want to learn how to make money in stocks using CANSLIM, = then this is an excellent time to learn. It doesn't take away from = serious investing with real money (because you shouldn't be doing that), = and presents a difficult laboratory environment in which you are = unlikely to make money by accident. You must examine what you are doing = more carefully, and pick only the very best. Play them on paper, = recognizing that even then you may not be rewarded due the nature of = "M". Tom Worley stkguru@netside.net AIM: TexWorley - ------=_NextPart_000_0034_01C12C9A.944637A0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Good point Tom. With due respect, I = disagree,=20 Canslim is not a way to make $ in a bear market. Evidence those here who = have a=20 negative portfolio trying to practice it. I'm not knocking Canslim, just = the=20 time in History when it's being practiced. There are exceptions, such as = you who=20 can tweak it to function. Congratulations. As I=20 understand some of your posts, you do not strictly adhere to Canslim for = investing but do for this group. IMHO, this M will not rebound at least = till=20 next Spring. My evidence? Guessing, it's as good a guess as anyone's.=20
 
DanF
----- Original Message -----
From:=20 Tom = Worley=20
Sent: Friday, August 24, 2001 = 9:12=20 AM
Subject: Re: [CANSLIM] where is = everyone?

Dan,
 
This is a CANSLIM group. That is why Jeff = Salisbury spends=20 his time and money providing the forum. It would be up to him if he = wants to=20 spend that same time and money to continue to provide this forum for=20 discussing other methods of investing. And, of course, up to the = membership if=20 they then wanted to remain a member. For me, I have already tried (not = just=20 discussed) most other methods of investing and prefer CANSLIM, so I = would=20 reluctantly unsubscribe should Jeff decide to make that = change.
 
My IRA continues to make me money, not much, but = beating the=20 indexes. And my VR mutual fund satisfies my need to buy something, = since I=20 must be at least 65% invested even in this lousy "M". And it too is = beating=20 the indexes, so I figure I must still be doing something right. And it = is=20 teaching me things I didn't know before, and helping me maintain a = huge watch=20 list.
 
CANSLIM works for me, even now. As for the lousy = "M", this=20 too will pass, and soon. It will be months, not years. If you don't = believe=20 me, just look at history. The bull market lasted years longer than any = of the=20 market prognosticators predicted, and was marked at its tail end with = the=20 excesses of the dot coms. The bear market (or at least proof we are = recovering=20 from the bear) is also lasting longer than most expected, largely due = the lack=20 of conviction in an economic recovery having begun. I have no doubt we = will=20 begin to see that by the fall, and proof of earnings recovery by the = end of=20 the year. I expect stock performance to precede proof of earnings=20 recovery.
 
If you really want to learn how to make money in = stocks=20 using CANSLIM, then this is an excellent time to learn. It doesn't = take away=20 from serious investing with real money (because you shouldn't be doing = that),=20 and presents a difficult laboratory environment in which you are = unlikely to=20 make money by accident. You must examine what you are doing more = carefully,=20 and pick only the very best. Play them on paper, recognizing that even = then=20 you may not be rewarded due the nature of "M".
 
Tom Worley
stkguru@netside.net
AIM:=20 TexWorley
 
- ------=_NextPart_000_0034_01C12C9A.944637A0-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Fri, 24 Aug 2001 10:44:16 -0600 From: "Patrick Wahl" Subject: Re: [CANSLIM] shorting stocks "Market Wizards" is a collection of interviews with top traders, its by Jack Schwager, highly recommended, although whether or not you could make money from it is not certain, but still an interesting read. He has two further collections of interviews - "The New Market Wizards" and "Stock Market Wizards". I discussed the last one here several months ago, I did not feel it was worth dropping the money on, although it had a few useful tidbits (I think Dave Cameron mentioned it here a few weeks ago, he had the same reaction). On 24 Aug 01, at 12:07, Ann Hollingworth wrote: > Thank you everyone for the feedback on shorting. > Patrick, what is Market Wizards? > > ----- Original Message ----- > From: "Patrick Wahl" > To: > Sent: Friday, August 24, 2001 12:03 PM > Subject: Re: [CANSLIM] shorting stocks > > > > David Ryan in Market Wizards quote O'Neil as saying shorting is > > much more difficult than going long, and O'Neil told Ryan he had > > made substantial money in only 2 of the previous 9 bear markets > > (this was written several years ago). > > > > Looking around there are certainly lots of stocks that it would have > > been nice to have shorted in the last year. If you wish to try it, I > > would suggest looking into some Swing Trading strategies, > > unfortunately the two books I would recommend are quite > > expensive (Street Smarts and Hit and Run Trading). Basically, I > > think you want to find stocks in a downtrend, short on a pullback (a > > rally), using something like a 20 EMA as a resistance level at > > which to short. > > > > John Bollinger was on CNBC this week and put up a long term > > chart of the market that showed a sideways market from 1966 to > > 1982, hope we don't have to deal with something like that. > > > > On 24 Aug 01, at 8:26, Ann Hollingworth wrote: > > > > > Does anyone short stocks? I am reading up on what WON says about it. The > > > only trouble is that he says to do it at the beginning of a bear market. > I > > > hope this isn't (relatively speaking, of course) the beginning!! But I > have > > > heard comments in the media about this being a bear market lasting in > years > > > of two digits (after a bull market that lasted as long). > > > Ann > > > > > > ----- Original Message ----- > > > From: "Dan Forant" > > > To: > > > Sent: Friday, August 24, 2001 7:03 AM > > > Subject: Re: [CANSLIM] where is everyone? > > > > > > > > > > If it's forming the left side of the cup, it may take months to years > to > > > get > > > > back to an up market. Why not let this group discuss other methods of > > > stock > > > > investing? This market won't pick up till at least next year, but > there > > > are > > > > ways around it. > > > > > > > > DanF > > > > ----- Original Message ----- > > > > From: "Stevan Alburty" > > > > To: > > > > Sent: Friday, August 24, 2001 1:12 AM > > > > Subject: Re: [CANSLIM] where is everyone? > > > > > > > > > > > > > I'm trying to take a positive view: the market isn't going in the > > > toilet. > > > > > It's just forming the left side of a really really big CANSLIM cup! > > > > > > > > > > Steve > > > > > > > > > > > > > > > - > > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > > -In the email body, write "subscribe canslim" or > > > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > > > > > > - > > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > > -In the email body, write "subscribe canslim" or > > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > > > > > > - > > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > > -In the email body, write "subscribe canslim" or > > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your email. > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Fri, 24 Aug 2001 12:48:03 -0400 From: "Dan Forant" Subject: Re: [CANSLIM] where is everyone? If the farmer can make it through the winter :-) DanF - ----- Original Message ----- From: "Kent Norman" To: Sent: Friday, August 24, 2001 11:47 AM Subject: Re: [CANSLIM] where is everyone? > Then this should be called "fair weather CANSLIM" > > Like others have said. During idle times, practice > your game. > > Take a lesson from the farmer in winter. Prepare your > tools for the spring. > > Regards > Kent Norman > > > Why not let this group discuss > > other methods of stock > > investing? This market won't pick up till at least > > next year, but there are > > ways around it. > > > > DanF > > > __________________________________________________ > Do You Yahoo!? > Make international calls for as low as $.04/minute with Yahoo! Messenger > http://phonecard.yahoo.com/ > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Fri, 24 Aug 2001 12:52:44 -0400 From: "Dan Forant" Subject: Re: [CANSLIM] Recognizing a good "M"? Canslim chart patterns will start to hold their patterns and not stop out. Business's will begin to invest, unemployment will go down. Dow and Nasdaq volume will move up................ DanF - ----- Original Message ----- From: "Warren Keuffel" To: Sent: Friday, August 24, 2001 12:13 PM Subject: [CANSLIM] Recognizing a good "M"? > Folks, how are we supposed to recognize a good "M" environment when it arrives? > What objective criteria should we use to say that we've turned the corner? Back > in April obviously no one could predict that we were entering a bear market until > we were well into it. Will we be well into a bull market before we know it? How > can we be ahead of the curve on this? > > Warren > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ End of canslim-digest V2 #1629 ****************************** To unsubscribe to canslim-digest, send an email to "majordomo@xmission.com" with "unsubscribe canslim-digest" in the body of the message. For information on digests or retrieving files and old messages send "help" to the same address. Do not use quotes in your message.