Re: [CANSLIM] Non Canslim

From: "Patrick Wahl" <pjwahl@attbi.com>
Subject: Re: [CANSLIM] Non Canslim
Date: Fri, 8 Feb 2002 07:28:07 -0700

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Follow Through Day, don't know where it would appear in the paper, probably in the 
market wrapup section.

On 8 Feb 2002 at 6:05, larry l worden wrote:

> 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
> > 
> > 
> > -
> > -To subscribe/unsubscribe, email "majordomo@xmission.com"
> > -In the email body, write "subscribe canslim" or
> > -"unsubscribe canslim".  Do not use quotes in your email.
> > 
> 
> -
> -To subscribe/unsubscribe, email "majordomo@xmission.com"
> -In the email body, write "subscribe canslim" or
> -"unsubscribe canslim".  Do not use quotes in your email.



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