Re: [CANSLIM] Is the board up

From: "Norman" <theboyd@tisd.net>
Subject: Re: [CANSLIM] Is the board up
Date: Sun, 22 Sep 2002 21:28:24 -0500

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I think there is an inverse relationship between the traffic in this forum
and how well the M is doing<G>
Yet another psychological indicator.

Norm
- ----- Original Message -----
From: "charles wilfong" <10charles@email.msn.com>
To: <canslim@lists.xmission.com>
Sent: Sunday, September 22, 2002 9:15 PM
Subject: [CANSLIM] Is the board up


> Is the board up. I have not been receiving messages since this one.
>
> ---- Original Message -----
> From: "James Bond" <james_bond_3rd@yahoo.com>
> To: <canslim@lists.xmission.com>
> Sent: Saturday, September 21, 2002 10:19 PM
> Subject: shorting: was RE: [CANSLIM] COCO
>
>
> > It's interesting that a group focusing on the
> > relatively conservative method of CANSLIM has started
> > to discuss short strategies. Is it a sign that we're
> > close to a bottom?
> >
> > My 2 cents on shorting: 1. Shorting is hard; 2.
> > Shorting is harder in the third year of a bear market;
> > 3. Shorting is even harder when short interest is
> > approaching the highest level in 5 years. I have
> > shorted a few stocks with some success last year. This
> > year I had much less success and was so frustrated I
> > have not shorted anything since June.
> >
> > Yes, the inverse of CANSLIM would be a good starting
> > point for considering a short - but only a starting
> > point. A successful short requires perfect timing,
> > because the stock market is designed against short
> > sellers. Not only one needs to catch the correct entry
> > point, it also has to be entered during an uptick. The
> > problem is, using the inverse CANSLIM type pivot point
> > will never allow an entry because stocks will crash
> > through the "pivot point" without generating an
> > uptick. And those do generate upticks close to ideal
> > entry points are usually the wrong stocks to short.
> >
> > For me, best short candidates are very different than
> > the reverse of long candidates. The safest shorts are
> > the climax runs (I haven't seen these in a long time).
> > In those cases the day of the top usually jumps out in
> > the chart. The reverse situation, a climax selloff
> > bottom, is very very hard to determine. The second
> > safest shorts are failed breakouts. These are not
> > inverted CwH's but the normal CwH's with broken
> > handles or failed to hold new highs after BO. Shorting
> > off continuation patterns such as inverted CwH
> > patterns requires a lot of skill.
> >
> > __________________________________________________
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> > http://sbc.yahoo.com
> >
> > -
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> >
>
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>


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