AW: [CANSLIM] Non Canslim SHORTS

From: Andreas Himmelreich <judgejimmy@web.de>
Subject: AW: [CANSLIM] Non Canslim SHORTS
Date: Tue, 5 Feb 2002 14:40:50 +0100
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Tom, 

The IG gave full sell signals on all of them, thats the main reason. My reasearch tells me
that 75% of the price action come from the Industry Groups. The market just killed the rally thats another reason.

Short

  --> Full Sell Signal by Industry Group (RS hits relative low, price breaks 
  down of pattern inverseCWH or Flat Base or Gap down in a existing 
  Downtrend, lots destructive signs like Price up days and RS down on the same day, Diss days, three - five losing days in a row).
  I use  http://beta.dailygraphs.com/formslogin.asp  for charting the IGs

> > PCS --> no cash flow, never ever profitable, dept 700% !!!
> > CIEN --> Ok, looks fundamentally better, cash flow is positive, PE not high ... but IG downtrend just got confirmed yesterday
> > MOT -->  negative Cash Flow, no earnings, sales is lower since the 4th Quater
> > CEPH (watch) negative Cash Flow, very high Price Sales

A stock that has a negative cash flow has now value to me at all as long they do not make the turnaound, otherwise
value get eaten up bit by bit, day by day ...
Good companies always have a positive cash flow since the IPO and never broke that pattern (like SEBL etc.).

I will not short them today, since a snapback is likely ...
I actually will get long on CHD and FMX ... with 5% of my money, IG gave Full buy, stocks have a great technical and
fundamental picture, very tight stop loss can be used (4%).

See you

Andreas


> -----Ursprungliche Nachricht-----
> Von:	Tom Worley [SMTP:stkguru@netside.net]
> Gesendet am:	Tuesday, February 05, 2002 2:10 PM
> An:	canslim@lists.xmission.com
> Betreff:	Re: [CANSLIM] Non Canslim SHORTS
> 
> Andreas,
> 
> They all look like the bad news is already priced in. Why do you believe
> they will fall further?
> 
> All already have shown major declines, some have little value left to
> decline further. To me, that makes them even higher risk than I like with a
> short.
> 
> Tom Worley
> stkguru@netside.net
> AIM: TexWorley
> ----- Original Message -----
> From: "Andreas Himmelreich" <judgejimmy@web.de>
> To: <canslim@lists.xmission.com>
> Sent: Monday, February 04, 2002 8:10 PM
> Subject: AW: [CANSLIM] Non Canslim SHORTS
> 
> 
> > TPC Down 25% ... here other shorts I consider -->
> >
> > PCS
> > CIEN
> > MOT
> > CEPH (watch)
> >
> >
> >
> > > -----Ursprungliche Nachricht-----
> > > Von: Eric Jaenike [SMTP:ericjaenike@yahoo.com]
> > > Gesendet am: Monday, February 04, 2002 7:28 PM
> > > An: canslim@lists.xmission.com
> > > Betreff: Re: [CANSLIM] Non Canslim
> > >
> > >
> > >  On another note, I used to use Etrade but switched. They are fine if
> you
> > don't have any disputes with them, but they will do absolutely nothing to
> > help you if you do.
> > > I had a trade dispute with them about 18 months ago, and finally
> received
> > a several thousand dollar credit from them. However, I was only able to
> > accomplish this because I used to work at Merrill Lynch, and was familiar
> > with how their trading operations functioned. Without the background to
> > press my case, I would have been summarily denied restitution, which was
> > the tactic they employed initially with me.
> > > I have heard similar complaints from several other sources.
> > > I now trade with Schwab, and am quite satisfied with their services.
> > > Eric
> > >   Perry Stanfield <mpstan@attbi.com> wrote: Nasty chart
> > Andreas............good find.  Hard to imagine some poor guy contributing
> > that uptick........... Perry  ----- Original Message ----- From: Katherine
> > Malm To: canslim@lists.xmission.com Sent: Monday, February 04, 2002 7:00
> > AMSubject: Re: [CANSLIM] Non Canslim
> > > Hi Andreas, One reason why it may have been denied at ETrade is that
> they
> > may not have any shares available to borrow against for your short. This
> is
> > one of those times where having a different broker has its advantages.
> > There should be no reason that your ET should require a sell limit order
> > for shorting. You should be able to sell short at market. Only one quick
> > uptick this morning so far at 9:40EST, so if the shares were available you
> > (theoretically) would have been able to get a fill. Katherine-----
> Original
> > Message ----- From: Andreas Himmelreich To: canslim@lists.xmission.com
> > Sent: Monday, February 04, 2002 8:47 AMSubject: [CANSLIM] Non Canslim
> > > Hi,
> > >
> > > I want to my first short sell I ever did and somehow got problems with
> it
> > (it gets denied at Etrade)
> > >
> > > I have a margin account and it should be possible for me to do it.
> > > Do I have to put in a sell limit?
> > > I know there has to be an uptick, so the sell will take place.
> > > Something else to know?
> > >
> > > Oh, the share in question is TPC
> > >
> > > See you
> > >
> > > Andreas
> > >
> > > -
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> > >
> > > ---------------------------------
> > > Do You Yahoo!?
> > > Yahoo! Auctions Great stuff seeking new owners! Bid now! << Datei:
> > ATT00001.htm >>
> >
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> 
> 
> 
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