Welcome to CANSLIM Investing

[ajaskey]

Welcome!

I am in the process of setting up threads and a FAQ so there may not be a great deal of activity for a day or two. I plan to set up threads for each of the letters in C-A-N-S-L-I-M as well has a thread for Methods, another for Resources, and another for Stocks to Watch. This forum will evolve as members post and make suggestions. I have a good idea what will make this place work as a board to discuss CANSLIM, but you may have even better ideas. I will moderate the board and will remove or move the OT posts to a separate folder. I do not plan to remove much, but will move all but the worst OT stuff to another thread to maintain thread integrity.

Feel free to introduce yourself in this thread and let me know exactly what you are looking for in a CANSLIM discussion forum. Also, feel free to tell others about this forum.

Andy

 

[JonnyT]

Something that actually works...

 

[dbphoenix]

Welcome, Andy. You're going to enjoy T2W. As for telling others, I suspect they'll hear of it soon enough.

One housekeeping suggestion: you may want to make this particular thread "sticky" so that it's always at the top (just follow the drop-down menu for Thread Tools up at the top).

 

[nupli]

hello!

Welcome!

I am in the process of setting up threads and a FAQ so there may not be a great deal of activity for a day or two. I plan to set up threads for each of the letters in C-A-N-S-L-I-M as well has a thread for Methods, another for Resources, and another for Stocks to Watch. This forum will evolve as members post and make suggestions. I have a good idea what will make this place work as a board to discuss CANSLIM, but you may have even better ideas. I will moderate the board and will remove or move the OT posts to a separate folder. I do not plan to remove much, but will move all but the worst OT stuff to another thread to maintain thread integrity.

Feel free to introduce yourself in this thread and let me know exactly what you are looking for in a CANSLIM discussion forum. Also, feel free to tell others about this forum.

Andy

Hello, Andy! thank you for taking the initiative to start a "cleaner" CANSLIM board here. I've followed you from the mess that CANSLIM discussion has recently become at the Motely's fool. I inted to read more than actively post here. What i'm looking for ... to learn more about CANSLIM and the ways to identify charactersticts of each of the 7 criteria in CANSLIM for any company. so i'm excited about the links to each of the letters that you say you will provide above.

... nupli.

 

[gmcleod]

Congratulations on starting this discussion group Andy. I've followed you on the Motley Fool and was always impressed with your objectivity and courtesy. Two quick questions: does one need the latest edition of O'Neil HTMMIS and second, is his latest book, "how to make money selling stocks short" likely to become part of this discussion?

Welcome!

I am in the process of setting up threads and a FAQ so there may not be a great deal of activity for a day or two. I plan to set up threads for each of the letters in C-A-N-S-L-I-M as well has a thread for Methods, another for Resources, and another for Stocks to Watch. This forum will evolve as members post and make suggestions. I have a good idea what will make this place work as a board to discuss CANSLIM, but you may have even better ideas. I will moderate the board and will remove or move the OT posts to a separate folder. I do not plan to remove much, but will move all but the worst OT stuff to another thread to maintain thread integrity.

Feel free to introduce yourself in this thread and let me know exactly what you are looking for in a CANSLIM discussion forum. Also, feel free to tell others about this forum.

Andy

 

[erierambler]

Feel free to introduce yourself in this thread and let me know exactly what you are looking for in a CANSLIM discussion forum. Also, feel free to tell others about this forum.

Andy

Hello Andy , nice to see you here . Congrats on starting this forum. Myself I like to hear what others think discussing certain stocks. One I have been following which had a nice up day today was NATR ( Nasd.). It has no debt and has interesting products. It is profiled in your files in your MSN group.

Anyways that can be discussed in your future Stocks to Watch forum. Looking forward to it.

erie

 

[knucklehead]

Jack Dreyfus and William O'Neil Rules OK !!! Welcome Andy, sounds like a good thread too me !

 

[ajaskey]

Welcome, Andy. You're going to enjoy T2W. As for telling others, I suspect they'll hear of it soon enough.

One housekeeping suggestion: you may want to make this particular thread "sticky" so that it's always at the top (just follow the drop-down menu for Thread Tools up at the top).

Db,

Thanx for the suggestion and your help getting this started.

Andy

 

[ajaskey]

Hello, Andy! thank you for taking the initiative to start a "cleaner" CANSLIM board here. I've followed you from the mess that CANSLIM discussion has recently become at the Motely's fool. I inted to read more than actively post here. What i'm looking for ... to learn more about CANSLIM and the ways to identify charactersticts of each of the 7 criteria in CANSLIM for any company. so i'm excited about the links to each of the letters that you say you will provide above.

... nupli.

nupli,

I hope you learn all you want and also hope you contribute with questions or comments from time to time.

Andy

 

[ajaskey]

Congratulations on starting this discussion group Andy. I've followed you on the Motley Fool and was always impressed with your objectivity and courtesy. Two quick questions: does one need the latest edition of O'Neil HTMMIS and second, is his latest book, "how to make money selling stocks short" likely to become part of this discussion?

gmcleod,

Thanx for checking in. I am working from the second edition but it would be interesting to compare both editions at some point to see what has changed and whether the changes were really a good thing. I think we should stick to the long side as this is about CANSLIM and not about Bill O'Neil's books. At some point, once we are all experts, maybe we can start a thread on shorting by O'Neil.

Andy

 

[ajaskey]

Hello Andy , nice to see you here . Congrats on starting this forum. Myself I like to hear what others think discussing certain stocks. One I have been following which had a nice up day today was NATR ( Nasd.). It has no debt and has interesting products. It is profiled in your files in your MSN group.

Anyways that can be discussed in your future Stocks to Watch forum. Looking forward to it.

erie

erie,

Glad you are here. I'll start threads on a number of topics as everyone will have their own idea of what is important/interesting. As long as the main gist of the thread is CANSLIM based, I have no problem with a thread discussing individual stocks.

Andy

 

[ajaskey]

Jack Dreyfus and William O'Neil Rules OK !!! Welcome Andy, sounds like a good thread too me !

Welcome, Knucklehead.

Andy

 

[dsemmler]

Feel free to introduce yourself in this thread and let me know exactly what you are looking for in a CANSLIM discussion forum. Also, feel free to tell others about this forum.

Andy, I followed you over from the CANSLIM board at the Fool. Personally, I am new to CANSLIM and have read WON's books but do not currently subscribe to IBD. While I do pick up a paper here and there, I am trying to develop my own screens to find companies that match the fundamental aspects of CANSLIM and then use charts from other sources to monitor the stock for the proper buy/sell points.

Hopefully this forum will provide an atmosphere to learn and share with other people. Thanks for taking the initiative.

~dt

 

[LevII]

Excellent idea for a thread.

I have been using this type of stock selection for some time for my pension & longer term investments.

The attached graph shows performance on the way I select by buying each month (equal amounts invested) and rebalancing at the month end by selling those stocks that no longer meet the criteria and buying those that do.

This chart takes no account of any other matters, particularly using T/A to identify correct entry points.

Hope this is useful.

LII

 

[dbphoenix]

This chart takes no account of any other matters, particularly using T/A to identify correct entry points.

So you do not consider market action either?

 

[bdaffi]

Hello Andy!

U have set up a great resource here and I will drop in to check it out frequently, although I am not pure canslim or anything else as you well know. Thanks for the invite!

bdaffi

 

[LevII]

So you do not consider market action either?

I do, the comparison chart doesn't - that simply shows the returns based on monthly adjustments on the basic selections

LII

 

[dbphoenix]

I do, the comparison chart doesn't - that simply shows the returns based on monthly adjustments on the basic selections

LII

That is, no new selections are made while the market is declining but adjustments are made in some way to those which were selected while the market was rising?

 

[ajaskey]

That is, no new selections are made while the market is declining but adjustments are made in some way to those which were selected while the market was rising?

I think the chart is similar to the AAII study that used most CANSLIM criteria,but didn't care about market conditions. It would be interesting to see a chart that went to cash during the weakest market periods and used the mechanical approach during strong periods. I guess a chart of a small mutual or hedge fund that is willing to go to cash would be the best picture, but I have not found one of those publicly available yet.

I've considered that approach for the time after I win megabucks and have $100million to invest...

Andy

 

[dbphoenix]

I think the chart is similar to the AAII study that used most CANSLIM criteria,but didn't care about market conditions. It would be interesting to see a chart that went to cash during the weakest market periods and used the mechanical approach during strong periods. I guess a chart of a small mutual or hedge fund that is willing to go to cash would be the best picture, but I have not found one of those publicly available yet.

I've considered that approach for the time after I win megabucks and have $100million to invest...

Andy

There's also the issue of ignoring the "market" and focusing on sectors, some of which will do well while others do not.

In some ways, the original CANSLIM was the precursor of Investing For Dummies, e.g., if the market isn't rising, don't even think about it, which for most people is sound advice.

However, there are now a wide variety of group and sector charts available, not to mention the trading and investing opportunities afforded by ETFs, most of which has become available only during the past few years.

So one issue is -- or will be -- whether or not to address all this or to focus on "classic" CANSLIM. This has been a bone of contention for at least ten years, and I wonder if it's desirable -- or even, possibly, necessary -- to separate the two.

Sorry if I seem to be running off at the mind, but when people start talking about leaving off this or that letter or letters, it all seems like a good idea. But some people whittle away until all they have left is NL, and the proposition that one is a "CANSLIM" investor becomes rather silly.

Perhaps some of this can be worked out in the discussions of the letters. It'll be interesting to see how it all unfolds.