Re: [CANSLIM] Lack of Buy Candidates

From: "Dan Forant" <dforant1@nycap.rr.com>
Subject: Re: [CANSLIM] Lack of Buy Candidates
Date: Sat, 16 Feb 2002 13:11:19 -0500
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Andreas,

I understand your point now concerning shorting. There also have been sto=
cks
as you mentioned  worth going long for. Everyone has to adjust a method t=
o
their liking. It's important to get into a market at it's earliest move
upward, but one must be very careful. It's volatile down there. Tom's has
years of well earned experience and plays his method well. CANSLIM works
well in a bull market. I'm not so sure we're headed there yet. Till then
I'll use candlesticks and Gregory Morris's filtering system.

L8ter
DanF
- ----- Original Message -----
From: "Andreas Himmelreich" <judgejimmy@web.de>
To: <canslim@lists.xmission.com>
Sent: Saturday, February 16, 2002 7:38 AM
Subject: AW: [CANSLIM] Lack of Buy Candidates


Hey Dan, thats exactly what I wanted to say, sorry to get my point not
accross.
From my point of view its not immoral, its not so difficult as it might
sound in the first place, investing is like sailing, go where the wind is
...

German markets would function much, much  better if shorting would be
allowed. Some institutions can do it, but only on  a daily basis, and the
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
other stocks in the "neuer market" (the german kind of nasdaq). The
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
the long side, due to IGs that just head of from that time on ..., they a=
re
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 tw=
o
> years.
> Actually the builders took of shortly after the rally was broken in Mar=
ch
> 2000, and since then some stocks out of that group are up tenfold.
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 Neue=
r
> 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 bette=
r
> 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
of
> WON's ideas appear to have originated with Jesse Livermore, who made th=
e
> bulk of his money on the short side. The rules for selling a big CANSLI=
M
> winner make for perfect short candidates. Although selling a failed bre=
a
> kout as it returns into its base is NOT typically a good short candidat=
e.
> 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 W=
ON
> 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
> >  << Datei: ATT00012.htm >>
>
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