Re: [CANSLIM] WEBX

From: "Mark Crisp" <stressfreetrader@btopenworld.com>
Subject: Re: [CANSLIM] WEBX
Date: Wed, 6 Aug 2003 16:17:58 +0100

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What about using CANSLIM in reverse to find shorting candidates?

 I ran this scan on my filter and came up with some nice looking shorting
candidates:

1 year low
RS <30
E.P.S. <30
Price >$30
Volume >250,000
Cap. >2.0bn

  Looking for poor fundamental stocks that are falling in price. Reverese
CANSLIM if you like. Trade the breakouts.

  What do you say?

  Mark Crisp
 http://www.stressfreetrading.com

- ----- Original Message -----
From: "Jiehui" <ddloyilbshrb@iartdesign.com>
To: <canslim@lists.xmission.com>
Sent: Wednesday, August 06, 2003 5:42 AM
Subject: [CANSLIM] WEBX


> Hi all,
>
> I'm a beginner in this and is still a little unsure of how to read charts.
I hope some of the more experienced chart readers on this group can help me.
>
> WEBX has formed the teacup w/ handle pattern and I mistakenly bought at
the volume surge thinking it's a break-out, only to find it went down 5.68%
>
> Is it forming another handle now and should I continue holding on to the
stock and wait for the handle to form or until the 8% stop-loss is reached.
Or should I exit my position now? Is this considered a failed break-out?
>
> The rating for this WEBX is currently: 97 81 73 A+ A A-
>
> Regards,
> Jiehui


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