Home >>
Stock Forums >>
Can Slim?Can Slim?
byronio said: "Does anybody here have an opinion on investors.com and the CAN SLIM method? I am reading a book by O'neil (How to make money in stocks) and wonder if anyone thinks his methods/ideas have credibility........"
chahinemm said: "hello welcome to superior investor. I personally have never heard of this system if you have a sec pls enlighten of what the technique is based on what are criterias what is looked at ect... i use investors.com on time to time to see information or research or just read whats going on as i like multiple sources of info to see a if there are any gaps to be filled.
chahine"
Heather said: "It is one that is based on a system used by the newspaper
Investors Business Daily.
Kind of an expensive publication at about 300 a year, but you can also make that money back."
byronio said: "[QUOTE=chahinemm]hello welcome to superior investor. I personally have never heard of this system if you have a sec pls enlighten of what the technique is based on what are criterias what is looked at ect...
chahine[/QUOTE]
CAN SLIM is an acronym or whatever of 7 points to use to buy stocks, I don't remember what they are.........but the guy (O'neill) is the one that created CAN SLIM and the website (investors.com) and the daily business newspaper.......To hear him go on about it, he's big news in the stock world.......What I've picked up from his book so far is that he concentrates on buying stocks on the way up, not "bottom fishing" for cheap stocks.......
He suggests limiting losses to 8% and taking profits at 20% for the most part.
Only problem with most of his book is that it is geared toward how to use his expensive daily newspaper to use his proprietary info, so a lot of what he says doesn't seem to be very applicable unless you subscribe....."
HappyHarry said: "I think the CanSlim principles are pretty good.
The thing is, you have to follow them pretty closely to try to have success with the IBD system. IBD can definitely pick some good stocks."
eddie27 said: "i hate the 8% sell rule. good way to get screwed out of big winners."