Re: [CANSLIM] Contrarian

From: "Dan Forant" <dforant1@nycap.rr.com>
Subject: Re: [CANSLIM] Contrarian
Date: Wed, 16 Jan 2002 13:08:45 -0500

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Common sense beats all stock systems. Imagine getting stopped out at 8% on
all holdings when news has been bad. Even a mole could see this storm
coming.

DanF
- ----- Original Message -----
From: "Tim Fisher" <Tim@orerockon.com>
To: <canslim@lists.xmission.com>
Sent: Wednesday, January 16, 2002 12:24 PM
Subject: Re: [CANSLIM] Contrarian


> I'm glad you see it that way. My stocks told me to get out, so I sold
them.
> I would have been out another 5k+ if I hadn't. WON says to let your stocks
> tell you when to sell; mine were screaming sell the past 5 trading days or
> more. And if we get a dist day today, that's 4; 1 more and the signal will
> be triggered. That's what I meant when I said everybody out of the pool.
>
> At 09:02 AM 1/16/2002 -0600, you wrote:
> >I don't see it that way, Tim. Naz has only had 3 distribution days in the
> >last 10. Each was followed by accumulation days. That's definitely not an
> >"everybody out of the pool" whistle. It's a "perk up and pay attention"
> >marker, but that's it. Despite distribution in some of the recent B/O's,
> >only KKD has fallen below pivot. Other good quality CANSLIM stocks are
> >holding up just fine if one took proper entries on well formed bases. "M"
> >is a market of stocks. If the right stocks are doing "the right thing"
> >then I say we can sit on the edge of the pool and keep our feet in the
> >water. The water's fine.
> >
> >Katherine
> >----- Original Message -----
> >From: <mailto:Tim@orerockon.com>Tim Fisher
> >To: <mailto:canslim@lists.xmission.com>canslim@lists.xmission.com
> >Sent: Wednesday, January 16, 2002 8:50 AM
> >Subject: Re: [CANSLIM] Contrarian
> >
> >Who cares? Once again, if you trade CANSLIM, you follow the M's buy and
> >sell signals. This is an "everybody out of the pool" signal. We are 1
> >distribution day from a broken rally.
> >
> >At 09:42 AM 1/16/2002 -0500, you wrote:
> > >With all the bearishness on the list the last couple days, I wonder if
the
> > >market is ready to turn around and move higher soon. After all, the
> > >markets have gone through quite a correction the past few weeks, and
the
> > >Nasdaq is still above its 50 and 200 day averages.
> > >
> > >Things do look ugly, and I'm selling some positions, but I wonder if
this
> > >is really doom and gloom or just a pause...
> > >
> > >
> > >-
> > >-To subscribe/unsubscribe, email
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> >
> >Tim Fisher
> >Ore-ROCK-On Rockhounding Web Site
> >Pacific Fishery Biologists Information
> ><mailto:tim@OreRockOn.com>mailto:tim@OreRockOn.com
> >WWW <http://OreRockOn.com>http://OreRockOn.com
> >
> >
> >
> >-
> >-To subscribe/unsubscribe, email
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>
> Tim Fisher
> Ore-ROCK-On Rockhounding Web Site
> Pacific Fishery Biologists Information
> mailto:tim@OreRockOn.com
> WWW http://OreRockOn.com
>
>
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