Thursday, May 4, 2017

Great Book For Long Term Stock Investors

William O’Neil started to work as a stock broker in 1958 and began to make early use of computers and data for his analysis. Within a few years, he  purchased a seat on the New York Stock Exchange at age 30. It was at this time that he developed the famous CAN SLIM investing strategy.

While with his first firm, Hayden, Stone, and Company he was the top performing broker.

In 1963 He founded William O’Neill and Co. Inc, one of its features was that he developed the first computerized securities database.

Over the years, the CAN SLIM method has influenced multitudes in the trading business. Today it is described by many as a razor sharp method for picking long term investments.

The book ‘How To Make Money In Stocks’ embodies the CAN SLIM approach.

The CAN SLIM approach likes to use the 'Cup and Handle' pattern.

Here are some charts showing that pattern.

As you can see, this pattern is subjective to some extent and only experience is going to teach the investor accuracy in recognizing the pattern.

There are many other factors to be considered in this analysis, and those are fully discussed within the book.

You can inspect the book and readers reviews at this link - How To Make Money In Stocks.

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