CANSLIM - COAST TO COAST Message Board

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Strategies & Market Trends : CANSLIM - COAST TO COAST

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To: mr_blonde who wrote (6053)	1/6/2001 12:46:36 PM
From: Bruce A. Brotnov	Read Replies (2) of 6445

Mr. Blonde, I have been an avid reader of Mr. O'Neil's Investors Business Daily for over a decade and haven't missed a half dozen issues in 10 years. I developed my own 12 point rating system nearly 10 years ago as well and had never read his book until 4 or 5 years ago and found out that my system was very close to his. In fact in the early 90s on Prodigy bbs when Ian Woodward (CANSLIM proponent and lecturer) said my system was very close to CANSLIM and at the time I did not have an expensive (seemed so at the time) charting system to get timing indicators so I called my subject title - Poormans CANSLIM. Eventually I dropped the proprietary title CANSLIM and have continued with the newsletter yet to day called Poormans Investment Strategy. Sorry for long intro, but now to your question about "why deviate". The main reason was the former insistence that a stock had to have 5 years of record and be $12 or more. In 1991 DELL was my #1 rated stock (12 max rating and only one since to hold a rating of 12 for more than a week and it held if for several months)and at $11 it definitely was not CANSLIM qualified and probably wasn't until it hit about $30. Thus the deviation is primarily for upcoming growth stocks not originally recognized or considered in the CANSLIM method. A few years ago I had BARR which had 1300% gain for the year starting from 3/4, but it was not a CANSLIM (I didn't buy or discover until 2 3/4)by any means. Thus several of us on the old bbs called these stocks "CANSLIM potentials" to pacify the CANSLIM purists. Thus we follow many of the CANSLIM principles, but do deviate in certain areas. I hope this answers your question. Bruce

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