Go to Jeff Salisbury LWGate Home Page.From: "Dan Forant" <dforant1@nycap.rr.com>
Subject: Re: [CANSLIM] Lack of Buy Candidates(noncanslim)
Date: Fri, 15 Feb 2002 22:12:50 -0500
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I scan for all stocks above 80stoch(10-5-10). Then run TCScan+ for =
negative 1-3 day candlesticks setups while above 80. Then buy when a =
candlestick(s) are confirmed. I so the same for stoch below 20 but scan =
for positive patterns. You don't need TCScan+, just eyeball the stocks, =
it just makes it easier, in seconds. This is short term trading, (days =
to months) not daytrading. One main reason the market has been going up =
some is because many are unloading their shorts. The Nasdaq still has =
lots of shorting left in it. As I mentioned before here, this market is =
going to creeeeep up and down, till at least fall.
L8ter
DanF
----- Original Message -----=20
From: Lonnie Brauner=20
To: canslim@lists.xmission.com=20
Sent: Friday, February 15, 2002 9:18 PM
Subject: Re: [CANSLIM] Lack of Buy Candidates
" There was no shortage of stocks to short in TC2000 and candlesticks. =
"
What is your technique for selecting shorts that have a good chance of =
being profitable(using TC2000).
Lonnie
----- Original Message -----=20
From: Dan Forant=20
To: canslim@lists.xmission.com=20
Sent: Friday, February 15, 2002 8:03 PM
Subject: Re: [CANSLIM] Lack of Buy Candidates
Of course it's absurd. If anyone's been in the market for the past =
year and hasn't shorted and made $$, they are either very lucky or far =
better than the average investor. There was no shortage of stocks to =
short in TC2000 and candlesticks.=20
L8ter
DanF
----- Original Message -----=20
From: Ian=20
To: canslim@lists.xmission.com=20
Sent: Friday, February 15, 2002 11:13 AM
Subject: Re: [CANSLIM] Lack of Buy Candidates
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 -----=20
From: Rob Miller=20
To: canslim@lists.xmission.com=20
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. =20
Rob =20
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<DIV><FONT face=3DArial size=3D2>I scan for all stocks above =
80stoch(10-5-10). Then=20
run TCScan+ for negative 1-3 day candlesticks setups while above 80. =
Then buy=20
when a candlestick(s) are confirmed. I so the same for stoch below 20 =
but scan=20
for positive patterns. You don't need TCScan+, just eyeball the stocks, =
it just=20
makes it easier, in seconds. This is short term trading, (days to =
months) not=20
daytrading. One main reason the market has been going up some is because =
many=20
are unloading their shorts. The Nasdaq still has lots of shorting =
left in=20
it. As I mentioned before here, this market is going to creeeeep =
up and=20
down, till at least fall.</FONT></DIV>
<DIV> </DIV>
<DIV>L8ter<BR>DanF</DIV>
<BLOCKQUOTE dir=3Dltr=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=3Dlonnie@hal-pc.org href=3D"mailto:lonnie@hal-pc.org">Lonnie =
Brauner</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> Friday, February 15, 2002 =
9:18=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] Lack of =
Buy=20
Candidates</DIV>
<DIV><BR></DIV>
<DIV><FONT face=3D"Comic Sans MS" color=3D#008000 =
size=3D2><STRONG>"</STRONG><FONT=20
face=3DArial color=3D#000000> There was no shortage of stocks to short =
in TC2000=20
and candlesticks. "</FONT></FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>What is your technique for selecting =
shorts that=20
have a good chance of being profitable(using TC2000).</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>Lonnie</FONT></DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #008000 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=3Ddforant1@nycap.rr.com =
href=3D"mailto:dforant1@nycap.rr.com">Dan=20
Forant</A> </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>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Friday, February 15, =
2002 8:03=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] Lack =
of Buy=20
Candidates</DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial size=3D2>Of course it's absurd. If anyone's =
been in the=20
market for the past year and hasn't shorted and made $$, they are =
either=20
very lucky or far better than the average investor. There was no =
shortage of=20
stocks to short in TC2000 and candlesticks. </FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV>L8ter<BR>DanF</DIV>
<BLOCKQUOTE dir=3Dltr=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=3Dianstm@shaw.ca href=3D"mailto:ianstm@shaw.ca">Ian</A> =
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Friday, February 15, =
2002 11:13=20
AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] Lack =
of Buy=20
Candidates</DIV>
<DIV><BR></DIV>
<DIV><FONT size=3D2>I find it almost absurd that WON discourages =
shorting.=20
Almost all of WON's ideas appear to have originated with Jesse =
Livermore,=20
who made the bulk of his money on the short side. The rules for =
selling a=20
big CANSLIM winner make for perfect short candidates. Although =
selling a=20
failed breakout as it returns into its base is NOT typically a =
good short=20
candidate. JMHO.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=3D2>Ian</FONT></DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV>----- Original Message ----- </DIV>
<BLOCKQUOTE=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Drmiller2@carolina.rr.com=20
href=3D"mailto:rmiller2@carolina.rr.com">Rob Miller</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Friday, February =
15, 2002=20
6:40 AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] Lack =
of Buy=20
Candidates</DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial size=3D2>Even if we have a FTD from =
here, I see few=20
stocks worth buying. However, my short list is =
overflowing. =20
The only moderately attractive stocks I see on the long side are =
those=20
already in an uptrend that are riding their lower =
channel.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT><FONT face=3DArial=20
size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>Is shorting =
considered off limits=20
for this list? I know that WON discourages it, but he also =
claimed=20
to make good money from shorts in HTMMIS. As I understand =
it,=20
he discourages it as a medium for the masses,=20
nor necessarily for everyone. </FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>Rob =20
=
</FONT></DIV></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BODY><=
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Next Article (by Author): Re: [CANSLIM] QP Scan for LLUR Harvey Brion
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