DAYTRADING Fundamentals Message Board

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Strategies & Market Trends : DAYTRADING Fundamentals

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To: JB2 who wrote (1801)	7/12/1999 9:17:00 PM
From: -	Read Replies (2) of 18137

Yes, I studied O'Neill/CANSLIM at the beginning of my trading career, 6-7 years ago. Even took his "advanced seminar" a couple of times. He's a very knowledgable and amiable gentleman. I think he's more of a "trading Buffet" position-trading/investing kinda guy, than a stock swing-trader. His thing is to get "the perfect entry", then ride the stock like a horse for huge gains. I'm sure he's made a big fortune that way, and his mutual fund has done well. There are a lot of good principles in his book, although it's kind of convoluted to read... I sometimes recommend it to investors who are interested in learning a little bit about charts. But, not sure I'm doing them that big of favor, since the writing isn't all that clear at key points. No doubt though, CANSLIM does work for momentum investing. I agree with Ray, the 7% stocks wouldn't work for position-trading most of today's tech stocks, too much intraday volatility. -Steve

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