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C - A - N - S - L - I - M
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CANSLIM is a philosophy of screening, purchasing, and selling
common stock as described and developed by William O'Neil in his book "How
To Make Money In Stocks".
In a nutshell, here is is a summary of CANSLIM (taken directly
from Mr. O'Neil's book without permission):
C = Current quarterly earnings per share. They must be up at least
A = Annual earnings per share. They should show meaningfull growth
for the last five years.
N = New. Buy companies with new products, new management, or significant
new changes in their industry conditions. And most important, buy stocks
as they initially make new highs in price. Forget cheap stocks -- they
are usually cheap for a good reason.
S = Shares outstanding. They should be small or of reasonable number,
not large capitalization, older companies.
L = Leaders. Buy market leaders, avoid laggards.
I = Institutional sponsorship. Buy stocks with at least a few institutional
sponsors with better than average recent performance records.
M = The general market. It will determine whether you win or lose,
so learn to interpret the daily general market indexes (price and volume
chages) and action of the individul market leaders to determine the overall
market's current direction.
Last Modified: March 1997
24135 since Thu Mar 27 11:38:52 1997