AW: [CANSLIM] Lack of Buy Candidates

From: Andreas Himmelreich <judgejimmy@web.de>
Subject: AW: [CANSLIM] Lack of Buy Candidates
Date: Sat, 16 Feb 2002 13:38:39 +0100
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Hey Dan, thats exactly what I wanted to say, sorry to get my point not=20
accross.
From my point of view its not immoral, its not so difficult as it might=20
sound in the first place, investing is like sailing, go where the wind =
is=20
...

German markets would function much, much  better if shorting would be=20
allowed. Some institutions can do it, but only on  a daily basis, and =
the=20
smal time privat investors can not do it at all, because that is illegal =

here. Actually stocks that trade in germany and have a second listing on =

the nasdaq had never that big evaluation and pump and dump problem like=20
other stocks in the "neuer market" (the german kind of nasdaq). The=20
shorters went in and brought it to sustainable levels ...

But Tom has a point as well: Since March 2000 there was money to be made =
on=20
the long side, due to IGs that just head of from that time on ..., they =
are=20
just not so easy to spot ...

Best Regards

Andreas

> -----Urspr=FCngliche Nachricht-----
> Von:	Dan Forant [SMTP:dforant1@nycap.rr.com]
> Gesendet am:	Saturday, February 16, 2002 12:29 PM
> An:	canslim@lists.xmission.com
> Betreff:	Re: [CANSLIM] Lack of Buy Candidates
>
> First of all, you can't compare the German market with ours, and =
saying
> shorting is immoral is laughable. Difficult to to? Why?
>
> L8ter
> DanF
> ----- Original Message -----
> From: "Andreas Himmelreich" <judgejimmy@web.de>
> To: <canslim@lists.xmission.com>
> Sent: Saturday, February 16, 2002 5:32 AM
> Subject: AW: [CANSLIM] Lack of Buy Candidates
>
>
> Tom,
>
> I belive that is possible, there where great group moves in the last =
two
> years.
> Actually the builders took of shortly after the rally was broken in =
March
> 2000, and since then some stocks out of that group are up tenfold.=20
Another
> wave was Medical Ethical Drugs, stuff like TARO made good bucks.
>
> But I do not belive it makes sense to say: Shorting is inmoral or too
> difficult to do.
> Look at the markets in Germany (where shorting is not allowed). We had
> swings going from 1000 to 9500 an then to 600 (in our "Nasdaq" the =
Neuer
> Markt).
> With shorters in the market, this would not have happened.
>
> Andreas
>
>
> > -----Urspr=FCngliche Nachricht-----
> > Von: Tom Worley [SMTP:stkguru@netside.net]
> > Gesendet am: Saturday, February 16, 2002 5:48 AM
> > An: canslim@lists.xmission.com
> > Betreff: 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
> 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 =

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.
> >
> >   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
> 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 =
brea
> kout 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=20
masses,
> nor necessarily for everyone.
> >
> >       Rob
> >  << Datei: ATT00012.htm >>
>
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