C-A-N-S-L-I-M: A Simple, Easy to Use Stock Picking System Message Board

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Non-Tech : C-A-N-S-L-I-M: A Simple, Easy to Use Stock Picking System

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To: JB2 who wrote (25)	7/14/1999 11:07:00 PM
From: John T.	Read Replies (1) of 42

How Many Stocks Should You Own? JB2, according to CANSLIM principles the average investor with $20,000 to $100,000 to invest should own no more than four or five carefully chosen stocks. Even a person with a million dollars shouldn't own more than six or seven stocks. O'Neil's justification for this is that the average investor cannot carefully monitor more than four to seven stocks. Also, your objective should be to have one or two big winners rather than dozens with small profits. In addition, O'Neil suggests that investors scale into winning stocks. For instance, if you buy 100 shares at the precise pivot point, you should follow up with one or two more buys when the stock rises 2% to 3%. When ever the stock rises to a comfortable level above your average price you should consider buying additional stock. At the same time you should sell stocks that are not performing well. By scaling into your winning positions and eliminating your poorly performing stocks, you will naturally concentrate your investment funds in a few winning stocks. *********** JB2, I don't know anything about pitbull.com . I ordered their information so I can check it out. Thanks

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