Re: [CANSLIM] Lack of Buy Candidates

From: Ian <ianstm@shaw.ca>
Subject: Re: [CANSLIM] Lack of Buy Candidates
Date: Fri, 15 Feb 2002 08:13:22 -0800

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I find it almost absurd that WON discourages shorting. Almost all of WON's ideas appear to have originated with Jesse Livermore, who made the bulk of his money on the short side. The rules for selling a big CANSLIM winner make for perfect short candidates. Although selling a failed breakout as it returns into its base is NOT typically a good short candidate. JMHO.

Ian



- ----- Original Message ----- 
  From: Rob Miller 
  To: canslim@lists.xmission.com 
  Sent: Friday, February 15, 2002 6:40 AM
  Subject: [CANSLIM] Lack of Buy Candidates


  Even if we have a FTD from here, I see few stocks worth buying.  However, my short list is overflowing.  The only moderately attractive stocks I see on the long side are those already in an uptrend that are riding their lower channel.
   
  Is shorting considered off limits for this list?  I know that WON discourages it, but he also claimed to make good money from shorts in HTMMIS.  As I understand it, he discourages it as a medium for the masses, nor necessarily for everyone.  
   
  Rob   

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<DIV><FONT size=2>I find it almost absurd that WON discourages shorting. Almost 
all of WON's ideas appear to have originated with Jesse Livermore, who made the 
bulk of his money on the short side. The rules for selling a big CANSLIM winner 
make for perfect short candidates. Although selling a failed breakout as it 
returns into its base is NOT typically a good short candidate. 
JMHO.</FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV><FONT size=2>Ian</FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV>&nbsp;</DIV>
<DIV>&nbsp;</DIV>
<DIV>----- Original Message ----- </DIV>
<BLOCKQUOTE 
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
  <DIV 
  style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B> 
  <A href="mailto:rmiller2@carolina.rr.com" title=rmiller2@carolina.rr.com>Rob 
  Miller</A> </DIV>
  <DIV style="FONT: 10pt arial"><B>To:</B> <A 
  href="mailto:canslim@lists.xmission.com" 
  title=canslim@lists.xmission.com>canslim@lists.xmission.com</A> </DIV>
  <DIV style="FONT: 10pt arial"><B>Sent:</B> Friday, February 15, 2002 6:40 
  AM</DIV>
  <DIV style="FONT: 10pt arial"><B>Subject:</B> [CANSLIM] Lack of Buy 
  Candidates</DIV>
  <DIV><BR></DIV>
  <DIV><FONT face=Arial size=2>Even if we have a FTD from here, I see few stocks 
  worth buying.&nbsp; However, my short list is overflowing.&nbsp; The only 
  moderately attractive stocks I see on the long side are those already in an 
  uptrend that are riding their lower channel.</FONT></DIV>
  <DIV><FONT face=Arial size=2></FONT><FONT face=Arial 
size=2></FONT>&nbsp;</DIV>
  <DIV><FONT face=Arial size=2>Is&nbsp;shorting considered&nbsp;off limits for 
  this list?&nbsp; I know that WON discourages it, but he also claimed to make 
  good money from shorts in HTMMIS.&nbsp; As I understand it, 
  he&nbsp;discourages it&nbsp;as a medium for the masses, nor&nbsp;necessarily 
  for everyone.&nbsp;&nbsp;</FONT></DIV>
  <DIV><FONT face=Arial size=2></FONT>&nbsp;</DIV>
  <DIV><FONT face=Arial size=2>Rob&nbsp;&nbsp; 
</FONT></DIV></BLOCKQUOTE></BODY></HTML>

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