Go to Jeff Salisbury LWGate Home Page.From: larry l worden <worden33@juno.com>
Subject: Re: [CANSLIM] Non Canslim
Date: Fri, 8 Feb 2002 06:05:25 -0800
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Top of Thread: [CANSLIM] Non Canslim Andreas Himmelreich
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A little help please. "I will cover when IBD calls the next FTD." Where
does IBD state the market calls and what does FDT stand for? Sorry , I am
making a list of abbreviations. thanks Larry
On Fri, 8 Feb 2002 13:32:26 +0100 Andreas Himmelreich
<judgejimmy@web.de> writes:
> Hi,
>
> hope you get not mad at me, but maybe you think about going short in
> market
> downturns.
>
> I am new in this teritorry as well, nevertheless I can not see a
> reason for
> staying flat and waiting bored for the next
> follow through day. I know its not Canslim, Oneil says that he was
> not able
> to profit in the bear markets beeing short (only three out of 9 or
> something like
> this), but I really can not see what is so difficult.
>
> Its as easy as beeing long if you put the same money management and
> market
> timing rules to it.
>
> How I do it:
>
> For the main part (50 - 75%) I short the whole Index, I do that with
> going
> short on QQQ (and Index fund, heavily traded, trillion ticks a
> minute
> therfore
> very liquid) The rest (25%) I put into 10 - 20 companies going short
> (I use
> a wider SL on them, 10 - 15%)
> I will cover whenever IDB calls the next FTD.
>
> So I got a lot of diversification and the results will not be as
> good as
> during bull markets using canslim, but they will be substantially
> better
> then
> going into bonds and fixed rate stuff.
>
> Do not feel morally good about going short: Well, if we would have
> listened
> to the short sellers 12 Months ago, Enron would have been out of
> the woods earlier. Look at Germany: Short selling is not allowed,
> for
> institutions only for one day.
>
> The nasdaq of Germany Index (Neuer Markt, translated New Market)
> went from
> 1000 to 9500 and from 9500 to 600 (now at around 1100). Billions
> have been
> burned by criminals. And there was nobody who went against the trend
> and
> said the public that certain CEOs are doing fraud. So the volatility
> is
> much higher. Lots of frauds (like 20 little "Enrons" in a market
> that has
> 300 stocks and much more to come).
>
> See you
>
> Andreas
>
>
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>
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