Re: [CANSLIM] Contrarian


From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Re: [CANSLIM] Contrarian
Date: Wed, 16 Jan 2002 11:38:33 -0600

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Good point, Tim, and glad you clarified. Easiest way to know what the =
market is doing is to let your stocks speak to you. If yours were =
screaming "get out" then that's a CANSLIM move for sure. On the other =
hand, for those who don't follow sound sell rules as you do and simply =
"jump out" of everything because they are "afraid" the market "might" =
tank...then that's decidedly not CANSLIM! Can't drive a Sea-Doo with =
your hands over your eyes and if you jump off, the Sea-Doo stops.

Katherine Malm
  ----- Original Message -----=20
  From: Tim Fisher=20
  To: canslim@lists.xmission.com=20
  Sent: Wednesday, January 16, 2002 11:24 AM
  Subject: Re: [CANSLIM] Contrarian


  I'm glad you see it that way. My stocks told me to get out, so I sold =
them.=20
  I would have been out another 5k+ if I hadn't. WON says to let your =
stocks=20
  tell you when to sell; mine were screaming sell the past 5 trading =
days or=20
  more. And if we get a dist day today, that's 4; 1 more and the signal =
will=20
  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=20
  >last 10. Each was followed by accumulation days. That's definitely =
not an=20
  >"everybody out of the pool" whistle. It's a "perk up and pay =
attention"=20
  >marker, but that's it. Despite distribution in some of the recent =
B/O's,=20
  >only KKD has fallen below pivot. Other good quality CANSLIM stocks =
are=20
  >holding up just fine if one took proper entries on well formed bases. =
"M"=20
  >is a market of stocks. If the right stocks are doing "the right =
thing"=20
  >then I say we can sit on the edge of the pool and keep our feet in =
the=20
  >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=20
  > "<mailto:majordomo@xmission.com>majordomo@xmission.com"
  > >-In the email body, write "subscribe canslim" or
  > >-"unsubscribe canslim".  Do not use quotes in your email.
  >
  >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=20
  >"<mailto:majordomo@xmission.com>majordomo@xmission.com"
  >-In the email body, write "subscribe canslim" or
  >-"unsubscribe canslim".  Do not use quotes in your email.

  Tim Fisher
  Ore-ROCK-On Rockhounding Web Site
  Pacific Fishery Biologists Information
  mailto:tim@OreRockOn.com
  WWW http://OreRockOn.com


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<DIV>Good point, Tim, and glad you clarified. Easiest way to know what =
the=20
market is doing is to let your stocks speak to you. If yours were =
screaming "get=20
out" then that's a CANSLIM move for sure. On the other hand, for those =
who don't=20
follow sound sell rules as you do and simply "jump out" of everything =
because=20
they are "afraid" the market "might" tank...then that's decidedly not =
CANSLIM!=20
Can't drive a Sea-Doo with your hands over your eyes and if you jump =
off, the=20
Sea-Doo stops.</DIV>
<DIV>&nbsp;</DIV>
<DIV>Katherine Malm</DIV>
<BLOCKQUOTE=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
  <DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
  <DIV=20
  style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
  <A title=3DTim@orerockon.com href=3D"mailto:Tim@orerockon.com">Tim =
Fisher</A>=20
  </DIV>
  <DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
  =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
 </DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Wednesday, January 16, =
2002 11:24=20
  AM</DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
Contrarian</DIV>
  <DIV><BR></DIV>I'm glad you see it that way. My stocks told me to get =
out, so=20
  I sold them. <BR>I would have been out another 5k+ if I hadn't. WON =
says to=20
  let your stocks <BR>tell you when to sell; mine were screaming sell =
the past 5=20
  trading days or <BR>more. And if we get a dist day today, that's 4; 1 =
more and=20
  the signal will <BR>be triggered. That's what I meant when I said =
everybody=20
  out of the pool.<BR><BR>At 09:02 AM 1/16/2002 -0600, you =
wrote:<BR>&gt;I don't=20
  see it that way, Tim. Naz has only had 3 distribution days in the =
<BR>&gt;last=20
  10. Each was followed by accumulation days. That's definitely not an=20
  <BR>&gt;"everybody out of the pool" whistle. It's a "perk up and pay=20
  attention" <BR>&gt;marker, but that's it. Despite distribution in some =
of the=20
  recent B/O's, <BR>&gt;only KKD has fallen below pivot. Other good =
quality=20
  CANSLIM stocks are <BR>&gt;holding up just fine if one took proper =
entries on=20
  well formed bases. "M" <BR>&gt;is a market of stocks. If the right =
stocks are=20
  doing "the right thing" <BR>&gt;then I say we can sit on the edge of =
the pool=20
  and keep our feet in the <BR>&gt;water. The water's=20
  fine.<BR>&gt;<BR>&gt;Katherine<BR>&gt;----- Original Message=20
  -----<BR>&gt;From: &lt;<A=20
  =
href=3D"mailto:Tim@orerockon.com>Tim">mailto:Tim@orerockon.com&gt;Tim</A>=
=20
  Fisher<BR>&gt;To: &lt;<A=20
  =
href=3D"mailto:canslim@lists.xmission.com>canslim@lists.xmission.com">mai=
lto:canslim@lists.xmission.com&gt;canslim@lists.xmission.com</A><BR>&gt;S=
ent:=20
  Wednesday, January 16, 2002 8:50 AM<BR>&gt;Subject: Re: [CANSLIM]=20
  Contrarian<BR>&gt;<BR>&gt;Who cares? Once again, if you trade CANSLIM, =
you=20
  follow the M's buy and<BR>&gt;sell signals. This is an "everybody out =
of the=20
  pool" signal. We are 1<BR>&gt;distribution day from a broken=20
  rally.<BR>&gt;<BR>&gt;At 09:42 AM 1/16/2002 -0500, you wrote:<BR>&gt; =
&gt;With=20
  all the bearishness on the list the last couple days, I wonder if =
the<BR>&gt;=20
  &gt;market is ready to turn around and move higher soon. After all,=20
  the<BR>&gt; &gt;markets have gone through quite a correction the past =
few=20
  weeks, and the<BR>&gt; &gt;Nasdaq is still above its 50 and 200 day=20
  averages.<BR>&gt; &gt;<BR>&gt; &gt;Things do look ugly, and I'm =
selling some=20
  positions, but I wonder if this<BR>&gt; &gt;is really doom and gloom =
or just a=20
  pause...<BR>&gt; &gt;<BR>&gt; &gt;<BR>&gt; &gt;-<BR>&gt; &gt;-To=20
  subscribe/unsubscribe, email <BR>&gt; "&lt;<A=20
  =
href=3D"mailto:majordomo@xmission.com>majordomo@xmission.com">mailto:majo=
rdomo@xmission.com&gt;majordomo@xmission.com</A>"<BR>&gt;=20
  &gt;-In the email body, write "subscribe canslim" or<BR>&gt; =
&gt;-"unsubscribe=20
  canslim".&nbsp; Do not use quotes in your email.<BR>&gt;<BR>&gt;Tim=20
  Fisher<BR>&gt;Ore-ROCK-On Rockhounding Web Site<BR>&gt;Pacific Fishery =

  Biologists Information<BR>&gt;&lt;<A=20
  =
href=3D"mailto:tim@OreRockOn.com>mailto:tim@OreRockOn.com">mailto:tim@Ore=
RockOn.com&gt;mailto:tim@OreRockOn.com</A><BR>&gt;WWW=20
  &lt;<A=20
  =
href=3D"http://OreRockOn.com>http://OreRockOn.com">http://OreRockOn.com&g=
t;http://OreRockOn.com</A><BR>&gt;<BR>&gt;<BR>&gt;<BR>&gt;-<BR>&gt;-To=20
  subscribe/unsubscribe, email <BR>&gt;"&lt;<A=20
  =
href=3D"mailto:majordomo@xmission.com>majordomo@xmission.com">mailto:majo=
rdomo@xmission.com&gt;majordomo@xmission.com</A>"<BR>&gt;-In=20
  the email body, write "subscribe canslim" or<BR>&gt;-"unsubscribe=20
  canslim".&nbsp; Do not use quotes in your email.<BR><BR>Tim=20
  Fisher<BR>Ore-ROCK-On Rockhounding Web Site<BR>Pacific Fishery =
Biologists=20
  Information<BR><A=20
  href=3D"mailto:tim@OreRockOn.com">mailto:tim@OreRockOn.com</A><BR>WWW =
<A=20
  =
href=3D"http://OreRockOn.com">http://OreRockOn.com</A><BR><BR><BR>-<BR>-T=
o=20
  subscribe/unsubscribe, email "<A=20
  =
href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>-In=
 the=20
  email body, write "subscribe canslim" or<BR>-"unsubscribe =
canslim".&nbsp; Do=20
  not use quotes in your email.</BLOCKQUOTE></BODY></HTML>

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