CANSLIM & Momentum Investing 02 (Aug 09 - Dec 24)

[BlackCat]

Hi Aspellian,

While waiting, its subjective, depends on how the indexes confirm the new trend in following few days (eg: rebound on lower vol would help confirm start of downtrend) and also how how my current trades are (sell losing trades first).

I'm probably the wrong person to ask, lost money last time I 'took the plunge'. I only follow the M in canslim, and only trade SGX (often several days out of synch with US mkt). I think one needs other criteria to enter trades rather than just the market trend - to maximise chances of success and tell you when your'e wrong - just an idea: mabye the other letters in canslim if you're trading US mkt? IBD always used to say don't just plunge in because of the FTD but to maintain a watchlist and wait for stocks to meet criteria.

Personally: On holiday with spotty internet access, so not studying stocks. Wondering how I can partake in this rally while limiting my risk when i get back. Need to improve my TA to pick entry points for individual stocks. And I think I've learned not to chase the market

[Aspellian]

Hi BlackCat,

thanks for taking time off to reply! Winston must be very happy that despite you being on holidays, Huatopedia never far from your mind!

as for me, i am starting CANSLIM for SGX stocks first - as i understand the fundamentals of stocks here better and i can keep track easier (no late nights - bad for health)

I realise all letters of CANSLIM applicable everywhere. but not too sure bout the cup-handle stuff in spore market. i tot i saw shapes - maybe my eyes playing tricks on me. haha!!

when you are back, we can discuss more.

dun worry bout the market - like what MM says, the market will always be here.
Enjoy your holidays to the max!

[helios]

one thing i never get to know: how to apply CANSLIM method to short the market ... ...

[Aspellian]

one thing i never get to know: how to apply CANSLIM method to short the market ... ...

see CANSLIM ie.<MILSNAC> opposite/upside down lor - everything reverse!

on "serious" note - When M says downtrend, that's a sign to stop all LONGs. consider short.
who to short - up to you to decide. Can read ONeil's "How to Make Money Selling Stocks Short " for details.

[sidney]

Heehee, i can suggest one thing how to short... When tat Dr Doom (not tat x-men tat one) says market turns good... u go short

[kennynah]

one thing i never get to know: how to apply CANSLIM method to short the market ... ...

the short and simple answer is.... you cannot...

[b0rderc0llie]

Heehee, i can suggest one thing how to short... When tat Dr Doom (not tat x-men tat one) says market turns good... u go short

Haha, I didn't know that X-men also participate in the markets

[Aspellian]

Heehee, i can suggest one thing how to short... When tat Dr Doom (not tat x-men tat one) says market turns good... u go short

What if Dr Doom is really sincere in getting the message to you and his doom/+ve message is spot-on? Better just follow market's lead - or rather, use that as a guiding light. Cheers!

[Aspellian]

Where's The Sales Growth?

Faced with a severe economic downturn, many companies have slashed costs — and generated better-than-expected earnings reports as a result.

But to paraphrase the woman in the old Wendy's commercials: Where's the sales growth?

The "C" and the "A" in the CAN SLIM® Investing System stand for Current and Annual earnings AND sales growth. The best stocks will show growth of 25% or more in both.

It can be frustrating when there are few stocks with such CAN SLIM-traits — and perhaps even more so when stocks with less than stellar fundamentals have nice price gains.

But that's no reason to play fast and loose with the rules. The rules are there to protect you. And no matter the current market conditions, it's always a good time to stick to them.

Matthew Galgani, IBDextra! Newsletter Editor

[cif5000]

This is a very long thread. I reread my CANSLIM note over the weekend and try to tie the criteria with the singapore stocks. Now that the M is taken care of, which are the stocks that fit the other criteria...???