canslim corner

[ninner]

definately the best strategy out there...lets sstart chatting about it.

[Deaddog]

OK let’s start with why you think “canslim” is superior to Mr Markets method for selecting stock?

[billyjoe]

I don't think canslim works when it is used strictly according to IBD rules. It's never been proven in actual real life situations, has it ?

---------------billy

[Websman]

The VTP method is vastly superior to Canslim.

[riverbabe]

I think canslim works (sometimes) for momentum stocks in a bull market. I don't see it working in this market.

[Phoenix7]

Canslim Who Knows?

Apparently it did work well for Bill Oneill of IBD. Why don't you give us some picks utilizing the canslim system?

Phoenix 7

[Deaddog]

Not much to get exited about here.

Apparently Bill O’Neil had a can slim fund managed by the best CAN SLIM trader David Ryan which failed.



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[jiesen]

on a related note

who thinks that in the next two weeks we'll have a Santa Rally?

http://www.youtube.com/watch?v=EmfE4KAZicY

(my apologies, but I am bored at the moment)

[skiracer]

Not much to get exited about here.

Apparently Bill O’Neil had a can slim fund managed by the best CAN SLIM trader David Ryan which failed.



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You would have to be an idiot to buy and sell when they advise you to. CANSLIM is a great way to find fundamentally sounds stocks but they way they apply the strategy is always way to late and most of their stocks have made their move and are probably in most cases near the end of that move. good way to find fundamentally sound stocks but bad trading strategy.

[billyjoe]

Doug (IIC) knows more about canslim than anyone I know. You could say he has inside information, but I'd never say that. He might be tired of talking about it. Hey Doug, how about just a little comment?

-----------billy

[Louetta]

You would have to be an idiot to buy and sell when they advise you to. CANSLIM is a great way to find fundamentally sounds stocks but they way they apply the strategy is always way to late and most of their stocks have made their move and are probably in most cases near the end of that move. good way to find fundamentally sound stocks but bad trading strategy.

I've always thought the system was based on a faulty premise. I understand O'Neill studied stocks which had broken out, cataloged what they did just before they broke out and based his system on that. Bad logic. It's like studying old people, cataloging their behaviors and saying those lead to living longer. E.g. many old people drink coffee but many people who die young drink coffee too. You need to study both populations.

[IIC]

Can'tSlim

Doug (IIC) knows more about canslim than anyone I know. You could say he has inside information, but I'd never say that. He might be tired of talking about it. Hey Doug, how about just a little comment?

-----------billy

Sorry...we went to Aruba and Curacao and I've been taking a little time off...I'm never really tired of talking about it...But I'm not a real fast typist.

As you know we call it "Can'tSlim"

Gimme a friggen break...The O'Neil Fund crashed in the 70's...The New America or whatever the heck it was called was pawned off on Mass Mut in the 90's and CANGX sux BIGTIME...If the socalled Canslim experts can't make it work why do Joe and Jane Investor think they can make it work???

And how do you know how WON made his money???

Have a COOL YULE...Doug

[IIC]

I've always thought the system was based on a faulty premise. I understand O'Neill studied stocks which had broken out, cataloged what they did just before they broke out and based his system on that. Bad logic. It's like studying old people, cataloging their behaviors and saying those lead to living longer. E.g. many old people drink coffee but many people who die young drink coffee too. You need to study both populations.

Geez...You got prettier in your old age.

Yes...he presents stocks w/ certain characteristics that broke out...But what he doesn't do is present the stocks that had those same characteristics that broke down...perhaps he didn't have enough room to show them as they far exceed the number of breakouts.

[ninner]

I think canslim works (sometimes) for momentum stocks in a bull market. I don't see it working in this market.

riverbabe, you are right it works in a bullish trend and wont work in this chop and slop but really no stocks are going to do well in this environment...but the leaders will emerge just like they did in 2009...if you llisten to WON teachings which i have a couple of times...based on his past market experience...he doesnt always buys like he teaches but he has many years of experience and knows what a leader looks like and buys on positive price and volume action and when the market is in a confirmed rally....he is the first one to admit he still makes mistakes but he learns from them and not every stock he buys is going to go up 500 percent..its all based on what the market is going to give us..

[ninner]

I've always thought the system was based on a faulty premise. I understand O'Neill studied stocks which had broken out, cataloged what they did just before they broke out and based his system on that. Bad logic. It's like studying old people, cataloging their behaviors and saying those lead to living longer. E.g. many old people drink coffee but many people who die young drink coffee too. You need to study both populations.

i respectfully disagree....peoples emotions dont change over time... they are the same in the early 1900 as they are today...market is all fear and greed and that will always stay the same thats why chart patterns work so well..thhey measure fear and greed in that partiicular equity.... go llook at Digital Switch weekly chart from 1982 it looks very similar to a stock today as it was breaking out...will it work the same...that we dont know .but we can use that as a model and maybe stay in the stock longer when it tries to buck us off.