Well worth the money:
How you rate a book on stocks depends upon what your level of experience and trading methods. I have been investing in stocks for several years, but am not a professional trader. I had never done a short sell. This book gave me clear insights into finding valuable short sales. It could have been written a bit more clearly. O'Neil makes assumptions about the reader's understanding of some terminology, but it isn't a fatal mistake. After some explanation of what to look for and why most of the book contains marked up charts of real life examples. I'm finding them more helpful than a lot text that says very little that is practical as in some other books.
Shorting is a Art form as well as technical:
I learned of Gill Morales though Gary Kaultbaum's radio show and then Subscribed to the Gilmo Report as a result, A lot of this book is his writing and is well done. I have been trading now for over 20 years and you never stop learning. Shorting stocks is a stressfull endevor for me and the more I can learn proper entry the better. The book goes though how to spot tops in stocks and speaks of general market direction as well. There are lots of charts that should help you to get the basic theme of how to spot these stocks. You should have a good foundation in Technical Analysis and back that up with company fundementals. You can make much more money going short if you know how to do it correctly. Traders want out of the Pool a lot faster than they want to get in. This can result in 15 to 20 percent gains in several days.
Rich set of charts:
The authors provide a rich set of charts that illustrate the life cycle of leading stocks from the past that ran up, topped, then rolled over. Such examples provide a key to understanding how leading stocks behave, and therefore, what to expect of future leaders. The charts clearly depict, in a bull market, how leaders advance in price as they break out of a series of constructive consolidations over time. In a bear market, these same leaders do the opposite, as they break down from a series of short, wild, erratic bases that can't seem to hold above their 50-day moving averages.
Great book.:
I've read several of these online reviews and am pretty stunned by them. I have found this book to be very useful. I have implemented its strategy and the past couple months have returned me decent profits. It explains all the necessary conditions needed for successful short-selling. If readers are looking for a step-by-step guide or some miracle formula, then perhaps stock market investing isn't the way to go. The only critique that I have about this book is to maybe include daily charts since these are necessary in timing short sales. If a 2nd book is published, then I'll be all over it.
Good Info On Selling Stocks Short!:
* The steps mention inside this book can still be apply with the current market. * If you are looking for selling stocks short, this book is definitely for you. * The only thing we need to succeed in this industry is for us to have a high capital at the very beginning.
| Author: | William J. O'Neil | | Author: | Gil Morales | | Binding: | Paperback | | Dewey Decimal Number: | 332.63228 | | EAN: | 9780471710493 | | Edition: | 1 | | ISBN: | 0471710490 | | Number Of Pages: | 208 | | Publication Date: | 2004-12-24 | | UPC: | 723812739936 |
| 
