SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : CANSLIM - COAST TO COAST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: John Morrison who started this subject12/14/2003 7:43:04 PM
From: James Wright  Read Replies (2) of 6445
 
Sure been quite around here.

Using CANSLIM, I was largely in cash shortly before the market tanked a couple of years ago (although I played around with a few stocks now and then, like FWHT and EBAY). Using CANSLIM I re-entered the market within a few days of the market bottom back in March. Since then, I've traded in and out of about a dozen stocks with gains this year of about 165%.

Most of those stocks had CANSLIM fundamentals, although they lacked CANSLIM technicals because the market was rising from its lows rather breaking out after consolidating into a base.

Most of the stocks I was trading have now petered out (although I'm still in ET and MON -- ET because I think it's a good CANSLIM pick and MON because I know something about biotech due to my job). I sold most of them over the last several weeks as they each broke the upward trend line. I'm now mostly in cash.

The market now appears to be in a general consolidation phase, with continued good long term prospects. My guess is that the place to be, moving forward, is to find good CANSLIM stocks that have formed a classic cup and handle pattern, then play the ups and downs within the consolidation range and buy on the break out.

Any suggestions? I've been looking, but not finding much that I like.

Let's see if we can't revitalize this thread. There must be some other CANSLIM type investors lurking around here, right?

-- Jim
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News