[CANSLIM] Re: Does CANSLIM Work?

From: AJAskey@aol.com
Subject: [CANSLIM] Re: Does CANSLIM Work?
Date: Thu, 6 Mar 2003 23:44:56 EST

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James,

CANSLIM is nothing mystical.  The goal is to find the best fundamental growth 
stocks and buy them just as they make their major price moves.  It differs 
from most fundamental growth stategies in that it does not advocate buying a 
stock with exceptional fundamentals and waiting for the market to "figure out 
the value".  The goal is to buy each stock just as it begins a major price 
move.  The market's general conditions are consider as the probabilty of 
success is greatly increased in a bull market (and decreased in a bear 
market).  CANSLIM advocates a 100% cash position when the technical situation 
of the market is negative.  There are rules and guides outlining what and 
when to buy and sell but it still requires judgement and experience to 
maximize profits.

I recommend reading O'Neil's book before you attempt to trade using CANSLIM.  
Even if you decide against CANSLIM as a strategy, you will probably learn 
enough to make/save hundreds, thousands, and maybe millions of times the $12 
cost of the book.

Andy

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<HTML><FONT FACE=3Darial,helvetica><FONT  SIZE=3D2 FAMILY=3D"SANSSERIF" FACE=
=3D"Arial" LANG=3D"0">James,<BR>
<BR>
CANSLIM is nothing mystical.&nbsp; The goal is to find the best fundamental=20=
growth stocks and buy them just as they make their major price moves.&nbsp;=20=
It differs from most fundamental growth stategies in that it does not advoca=
te buying a stock with exceptional fundamentals and waiting for the market t=
o "figure out the value".&nbsp; The goal is to buy each stock just as it beg=
ins a major price move.&nbsp; The market's general conditions are consider a=
s the probabilty of success is greatly increased in a bull market (and decre=
ased in a bear market).&nbsp; CANSLIM advocates a 100% cash position when th=
e technical situation of the market is negative.&nbsp; There are rules and g=
uides outlining what and when to buy and sell but it still requires judgemen=
t and experience to maximize profits.<BR>
<BR>
I recommend reading O'Neil's book before you attempt to trade using CANSLIM.=
&nbsp; Even if you decide against CANSLIM as a strategy, you will probably l=
earn enough to make/save hundreds, thousands, and maybe millions of times th=
e $12 cost of the book.<BR>
<BR>
Andy</FONT></HTML>

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