AW: [CANSLIM] Lack of Buy Candidates

From: Andreas Himmelreich <judgejimmy@web.de>
Subject: AW: [CANSLIM] Lack of Buy Candidates
Date: Sat, 16 Feb 2002 11:36:31 +0100

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I think Tom bend only one rule --> stay out of the market if there is a=20
downtrend in the overall market.

But as I said, if you choose small caps and or IGs that are going up, no =

problem making money on the long side.
Just look on the builders or on the gold stocks latley ...

BUT NEVER, NEVER buy stocks when the market and the IG is down.
I have not seen one example where a member of the group does not break =
down=20
then (besides its a small cap) as well.

Some IGs are just setting up a bull market for its members no matter =
what=20
the market is doing.

> -----Urspr=FCngliche Nachricht-----
> Von:	Tom Worley [SMTP:stkguru@netside.net]
> Gesendet am:	Saturday, February 16, 2002 6:19 AM
> An:	canslim@lists.xmission.com
> Betreff:	Re: [CANSLIM] Lack of Buy Candidates
>
> While I routinely violate CANSLIM rules, nonetheless my entire process =
is=20
heavily based in CANSLIM. And I netted 76% for the full year, so yeah, I =

made a net profit.
>
> Tom Worley
> stkguru@netside.net
> AIM: TexWorley
>   ----- Original Message -----
>   From: David Squires
>   To: canslim@lists.xmission.com
>   Sent: Saturday, February 16, 2002 12:11 AM
>   Subject: Re: [CANSLIM] Lack of Buy Candidates
>
>
>   haven't shorted in years, fully invested year round, made lots of $$ =

last year, and profitable so far this year (including my fully margined=20
account).
>
>   >>fully invested year round, made lots of $$ last year<<
>
>   You were fully invested last year long and made a net profit? You=20
better call George Soros! BTW, is this even remotely CANSLIM.
>
>   DSquires
>     ----- Original Message -----
>     From: Tom Worley
>     To: canslim@lists.xmission.com
>     Sent: Friday, February 15, 2002 10:47 PM
>     Subject: Re: [CANSLIM] Lack of Buy Candidates
>
>
>     haven't shorted in years, fully invested year round, made lots of =
$$=20
last year, and profitable so far this year (including my fully margined=20
account).
>
>     Tom Worley
>     stkguru@netside.net
>     AIM: TexWorley
>       ----- Original Message -----
>       From: Dan Forant
>       To: canslim@lists.xmission.com
>       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=20
year and hasn't shorted and made $$, they are either very lucky or far=20
better than the average investor. There was no shortage of stocks to =
short=20
in TC2000 and candlesticks.
>
>       L8ter
>       DanF
>         ----- Original Message -----
>         From: Ian
>         To: canslim@lists.xmission.com
>         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=20
of WON's ideas appear to have originated with Jesse Livermore, who made =
the=20
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=20
breakout as it returns into its base is NOT typically a good short=20
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.=20
 However, my short list is overflowing.  The only moderately attractive=20
stocks I see on the long side are those already in an uptrend that are=20
riding their lower channel.
>
>           Is shorting considered off limits for this list?  I know =
that=20
WON discourages it, but he also claimed to make good money from shorts =
in=20
HTMMIS.  As I understand it, he discourages it as a medium for the =
masses,=20
nor necessarily for everyone.
>
>           Rob
>  << Datei: ATT00014.htm >> 

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