Go to Jeff Salisbury LWGate Home Page.From: "Jeff Henderson" <JHend746@cox.net>
Subject: RE: [CANSLIM] short interest
Date: Tue, 26 Aug 2003 22:12:13 -0500
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Quoting WON "There is no positive rule governing how high the index
should go, but you can study past general market bottoms to review what
has happened to the short-interest ratio in former periods."
- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of Duane Runnels
Sent: Tuesday, August 26, 2003 1:55 PM
To: canslim@lists.xmission.com
Subject: [CANSLIM] short interest
At what point does short interest reach a high enough level that you
would not buy a stock? I have a stock on my watchlist right now with
short interest of 20 days. This seems very high to me. I know we want
a healthy amount of short interest to drive the price, but 20 days?
Where would you draw the line?
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<p class=3DMsoNormal><font size=3D2 color=3Dnavy face=3DArial><span =
style=3D'font-size:
10.0pt;font-family:Arial;color:navy'>Quoting WON “There is no =
positive
rule governing how high the index should go, but you can study past =
general
market bottoms to review what has happened to the short-interest ratio =
in
former periods.”<o:p></o:p></span></font></p>
<p class=3DMsoNormal><font size=3D2 color=3Dnavy face=3DArial><span =
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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>Duane Runnels<br>
<b><span style=3D'font-weight:bold'>Sent:</span></b> Tuesday, August 26, =
2003
1:55 PM<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> [CANSLIM] short =
interest</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=3D3 =
face=3DArial><span
style=3D'font-size:12.0pt;font-family:Arial'>At what point does short =
interest
reach a high enough level that you would not buy a stock? I have a =
stock
on my watchlist right now with short interest of 20 days. =
This seems
very high to me. I know we want a healthy amount of short interest =
to
drive the price, but 20 days? Where would you draw the =
line?</span></font><font
size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial'><o:p></o:p></span></font></p=
>
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