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T**R
Great book IMO. Easy to read. Easy to follow.
Honestly I don't understand why this book got such poor reviews. I thought it was excellent! The book starts off by explaining the concept in how to sell short, what to look for as far as chart patterns and volume, then gives numerous examples of how it works. I don't understand what else you're looking for in a book. I think the one thing this book does very well is preaching patience. Let the pattern set up. Let it get to the point where it's a low risk trade. Trust me, that's going to safe you a lot of money in the long run because no set up is going to work a hundred percent of the time. In short, always keep your losers small and this book gives you that tool when it comes to shorting.
K**R
Learn from the master, Bill J. O'Neil
I rate this book a 4 out of 5 stars because I use the Kindle software on my computer. As the book is written you really need to rotate many pages to study the numerous charts and the computer software will not rotate them. Maybe Amazon will modify the software so pages can be rotated. You should read it on a Kindle or buy the printed book so you can rotate the page.“You have a narrow window of opportunity,” Investor’s Business Daily Chairman Bill O’Neil said. When it comes to shorting a stock after it has peaked, “50 days you are wrong (to do so), and two days you are right. The odds are stacked against you.” IBD Dec 31, 2012. I agree successful short selling like buying is hard work. As a Navy Seal once said “I will never give up till I die.”I met Bill O’Neil in November 2012 in Ohio and he said we at IBD have evaluated every technical method you can imagine and what we do is what works. Since 1969, I also feel I have evaluated every technical indicator available and they don’t work most of the time. His statement had a real impact on me. When a master confirms your thinking it is a real good feeling. It motivated me to really learn the IBD method which I had read about many years ago.Before buying this book, you must understand the CANSLIM approach to buying growth stocks. So read How to Make Money In Stocks and if it works for you then consider this book. This book is about selling those stocks that have been the big IBD winners in the previous bull market. If you don’t understand and use the buying method, then this book is not for you. The IBD method for buying, selling, and shorting stocks is a chart based method. Other than moving averages no indicators are used. Price movement and volume are the keys. Buying and selling is based on following institutions entering and leaving huge positions which takes lots of time. Your advantage is being able to move in and out quickly.I have experienced many people’s investing dream. I sold my portfolio of 12 stocks in 1986 which was purchased using margin in 1982 with gains great enough to retire at the age of 38. I had one stock that rose 1,500% and ten more up over 100%. The remaining one went bankrupt which resulted in a total loss, in spite of earning $28 per share the year before I purchased it. I have been a private investor ever since. I realized now that my success was really based on the methods recommended by IBD even though Bill O’Neil’s How to Make Money In Stocks would not be published until 1988.So why did I buy this book even though I have already achieved dream investing success? I became interested in shorting stocks again, when Bill Ackman announced his short of 20,000,000 shares of Herbalife (HLF) and predicted it would go to zero. I wanted to know what Bill O’Neil had to say about short selling. I was not disappointed. Today (January 9, 2013) as I wrote this review, Dan Loeb announced he had taken a long position in Herbalif. The battle between huge hedge funds over Herbalife will be interesting. In the end they may both be big winners. It is all a matter of timing.
J**L
Short and sweet
Surprisingly short (ha!), but very useful, actionable information. Really great explanations and charts. Tons of charts and in color!
J**D
Great book
Excellent book on short trading. It explains how downward movement and upward movements of stocks are asymmetric, and bear markets and declining stocks have their own peculiarities that are not just the inverse of buying stocks.Gil Morales makes a very clear and systematic exposition of how to sell stocks short. If applied with discipline it should be worth its weight in platinum. I highly recommend the Gil Morales and William O'Neil approach.
J**N
Not what I was expecting.
My natural proclivity is shorting stocks. Shorting stocks from a day-trading perspective. This author approaches shorting from the Investors perspective, talking about how it can take months for patterns to form.Day traders don't have months to wait for shorting signals, they have minutes & seconds. I was also looking for shorting strategies. I found myself trying to apply his "few" shorting-selling investment strategies into a day traders shorting setup perspective.This is not a book I would recommend for a day trader trying to learn how to short stocks.
A**T
O'Neil's Basic Guide To Short Selling
This book essentially delivers what it promises. It give you a basic know-how of short-selling in stocks. About half of the book (at 195 some odd pages I could say pamphlet instead) was charts. I personally liked this because unlike other investment how-to books, you don't get too many significant rules and nuances without charts to explain them.At about $15 bucks, it's a deal. It isn't going to give you a comprehensive, in-depth study of the exact procedures and variables involved in short selling (O'Neil has a course for that, it runs at about $500+) but it'll hit home the basic theory of short selling.I would recommend this to anyone thinking about selling stocks short.
R**G
Easy to understand, need to fix the charts layout on Kindle
Quite an easy read to understand a bit more about shorting the market. I also read the other book and William’s technique was to show repeatedly the same type of charts and allow readers to quickly see a pattern. Very useful to register the concept.Kindle need to fix the charts though. I had to tilt 45 degs and see the charts as such towards the end of the book as the charts were positioned in a portrait mode in a landscape format which made them extremely small and unreadable.
C**C
Solid Book on Short Selling
When you are considering a short sale or put purchase, one needs to understand the terrain of the stock and its charts. The idea of institutional players in the stock market is a common idea of William O’Neil. It makes logical sense and it can easily be followed by good screens. By paying attention to charts and the recovery failures, one can know what is happening. This book is not too difficult to read or understand.The book should make the most sense to someone who has tried a few times. It will not make much sense to someone who has not yet been burned a bit. If you have tried to be successful and need improvement at the role, it can be very helpful.
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