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Stocks & Commodities V. 22:4 (99-100): Websites For Traders: CANSLIM.net by David Penn
Stocks & Commodities V. 22:4 (99-100): Websites For Traders: CANSLIM.net by David Penn
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Stocks & Commodities V. 22:4 (99-100): Websites For Traders: CANSLIM.net by David Penn
CANSLIM.NET
When veteran traders and stockpickers are asked, How do I get started in the stock market? many point to one book: William ONeils classic, "How To Make Money In Stocks." This book, which was first published in 1988, is infused with both an optimism that is exceptional for its directness and simplicity (Success in a free country is simple. Get a job, get an education, and learn to save and invest wisely. Anyone can do it. You can do it), as well as a hard-as-nails attitude toward investing in stocks (ONeil is credited for the slogan: There are no good stocks. They are all bad unless they go up.)
One of ONeils biggest contributions, however, was his combination of fundamental and technical analysis into a methodology generally referred to by its acronym, CANSLIM. CANSLIM stands for the seven characteristics ONeil believes stock investors need to consider when selecting stocks. These specific characteristics are:
C: Current quarterly earnings per share
A: Annual earnings increases
N: New products, new management, new highs
S: Supply and demand
L: Leader or laggard?
I: Institutional sponsorship
M: Market direction
CANSLIM.NET
When veteran traders and stockpickers are asked, How do I get started in the stock market? many point to one book: William ONeils classic, "How To Make Money In Stocks." This book, which was first published in 1988, is infused with both an optimism that is exceptional for its directness and simplicity (Success in a free country is simple. Get a job, get an education, and learn to save and invest wisely. Anyone can do it. You can do it), as well as a hard-as-nails attitude toward investing in stocks (ONeil is credited for the slogan: There are no good stocks. They are all bad unless they go up.)
One of ONeils biggest contributions, however, was his combination of fundamental and technical analysis into a methodology generally referred to by its acronym, CANSLIM. CANSLIM stands for the seven characteristics ONeil believes stock investors need to consider when selecting stocks. These specific characteristics are:
C: Current quarterly earnings per share
A: Annual earnings increases
N: New products, new management, new highs
S: Supply and demand
L: Leader or laggard?
I: Institutional sponsorship
M: Market direction
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