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ninner
12-16-2011, 09:38 PM
definately the best strategy out there...lets sstart chatting about it.

Deaddog
12-17-2011, 12:09 AM
OK let’s start with why you think “canslim” is superior to Mr Markets method for selecting stock?

billyjoe
12-17-2011, 12:21 AM
I don't think canslim works when it is used strictly according to IBD rules. It's never been proven in actual real life situations, has it ?

---------------billy

Websman
12-17-2011, 09:40 AM
The VTP method is vastly superior to Canslim.

riverbabe
12-17-2011, 10:07 AM
I think canslim works (sometimes) for momentum stocks in a bull market. I don't see it working in this market.

Phoenix7
12-17-2011, 03:55 PM
Apparently it did work well for Bill Oneill of IBD. Why don't you give us some picks utilizing the canslim system?

Phoenix 7

Deaddog
12-17-2011, 04:28 PM
Not much to get exited about here.

Apparently Bill O’Neil had a can slim fund managed by the best CAN SLIM trader David Ryan which failed.

http://img841.imageshack.us/img841/6123/canslimfund.png (http://imageshack.us/photo/my-images/841/canslimfund.png/)

Uploaded with ImageShack.us (http://imageshack.us)

jiesen
12-17-2011, 05:25 PM
who thinks that in the next two weeks we'll have a Santa Rally?

http://www.youtube.com/watch?v=EmfE4KAZicY

(my apologies, but I am bored at the moment)

skiracer
12-17-2011, 06:25 PM
Not much to get exited about here.

Apparently Bill O’Neil had a can slim fund managed by the best CAN SLIM trader David Ryan which failed.

http://img841.imageshack.us/img841/6123/canslimfund.png (http://imageshack.us/photo/my-images/841/canslimfund.png/)

Uploaded with ImageShack.us (http://imageshack.us)

You would have to be an idiot to buy and sell when they advise you to. CANSLIM is a great way to find fundamentally sounds stocks but they way they apply the strategy is always way to late and most of their stocks have made their move and are probably in most cases near the end of that move. good way to find fundamentally sound stocks but bad trading strategy.

billyjoe
12-17-2011, 06:59 PM
Doug (IIC) knows more about canslim than anyone I know. You could say he has inside information, but I'd never say that. He might be tired of talking about it. Hey Doug, how about just a little comment?

-----------billy

Louetta
12-17-2011, 07:26 PM
You would have to be an idiot to buy and sell when they advise you to. CANSLIM is a great way to find fundamentally sounds stocks but they way they apply the strategy is always way to late and most of their stocks have made their move and are probably in most cases near the end of that move. good way to find fundamentally sound stocks but bad trading strategy.

I've always thought the system was based on a faulty premise. I understand O'Neill studied stocks which had broken out, cataloged what they did just before they broke out and based his system on that. Bad logic. It's like studying old people, cataloging their behaviors and saying those lead to living longer. E.g. many old people drink coffee but many people who die young drink coffee too. You need to study both populations.

IIC
12-24-2011, 12:50 AM
Doug (IIC) knows more about canslim than anyone I know. You could say he has inside information, but I'd never say that. He might be tired of talking about it. Hey Doug, how about just a little comment?

-----------billy

Sorry...we went to Aruba and Curacao and I've been taking a little time off...I'm never really tired of talking about it...But I'm not a real fast typist.

As you know we call it "Can'tSlim"

Gimme a friggen break...The O'Neil Fund crashed in the 70's...The New America or whatever the heck it was called was pawned off on Mass Mut in the 90's and CANGX sux BIGTIME...If the socalled Canslim experts can't make it work why do Joe and Jane Investor think they can make it work???

And how do you know how WON made his money???

Have a COOL YULE...Doug

IIC
12-24-2011, 12:56 AM
I've always thought the system was based on a faulty premise. I understand O'Neill studied stocks which had broken out, cataloged what they did just before they broke out and based his system on that. Bad logic. It's like studying old people, cataloging their behaviors and saying those lead to living longer. E.g. many old people drink coffee but many people who die young drink coffee too. You need to study both populations.

Geez...You got prettier in your old age.

Yes...he presents stocks w/ certain characteristics that broke out...But what he doesn't do is present the stocks that had those same characteristics that broke down...perhaps he didn't have enough room to show them as they far exceed the number of breakouts.

ninner
01-01-2012, 12:18 AM
I think canslim works (sometimes) for momentum stocks in a bull market. I don't see it working in this market.

riverbabe, you are right it works in a bullish trend and wont work in this chop and slop but really no stocks are going to do well in this environment...but the leaders will emerge just like they did in 2009...if you llisten to WON teachings which i have a couple of times...based on his past market experience...he doesnt always buys like he teaches but he has many years of experience and knows what a leader looks like and buys on positive price and volume action and when the market is in a confirmed rally....he is the first one to admit he still makes mistakes but he learns from them and not every stock he buys is going to go up 500 percent..its all based on what the market is going to give us..

ninner
01-01-2012, 12:28 AM
I've always thought the system was based on a faulty premise. I understand O'Neill studied stocks which had broken out, cataloged what they did just before they broke out and based his system on that. Bad logic. It's like studying old people, cataloging their behaviors and saying those lead to living longer. E.g. many old people drink coffee but many people who die young drink coffee too. You need to study both populations.

i respectfully disagree....peoples emotions dont change over time... they are the same in the early 1900 as they are today...market is all fear and greed and that will always stay the same thats why chart patterns work so well..thhey measure fear and greed in that partiicular equity.... go llook at Digital Switch weekly chart from 1982 it looks very similar to a stock today as it was breaking out...will it work the same...that we dont know .but we can use that as a model and maybe stay in the stock longer when it tries to buck us off.

Lucavia123
01-01-2012, 09:41 AM
The VTP method is vastly superior to Canslim.

If you do not mind me asking what is The VTP method?

Websman
01-01-2012, 11:48 AM
If you do not mind me asking what is The VTP method?

It's so confusing that I can't even begin to explain it. :D

IIC
01-01-2012, 12:06 PM
It's so confusing that I can't even begin to explain it. :D


Give it your best shot Webs

Websman
01-01-2012, 07:50 PM
Give it your best shot Webs

I don't even understand it. jejeje....

skiracer
01-01-2012, 07:55 PM
I don't even understand it. jejeje....
Webs,
I was having my yearly toast to the New Years, with some of Lyehoppers homemade white lightning, with some of my buddies last night and was thinking of him. Have you heard from him of late or do you know what he is up to. I would like to wish him a happy new years if you know where he is at. my quart jar of his juice is about half full and as potent as ever.

Websman
01-03-2012, 09:53 AM
Webs,
I was having my yearly toast to the New Years, with some of Lyehoppers homemade white lightning, with some of my buddies last night and was thinking of him. Have you heard from him of late or do you know what he is up to. I would like to wish him a happy new years if you know where he is at. my quart jar of his juice is about half full and as potent as ever.

I haven't heard from him in a while. He must have taken a break from trading.