Jason,
If you want a CANSLIM trading site go right to the source. Go to William O’Neil’s Investor’s Business Daily site -
http://www.investors.com/
In regard to Pitbull, Henry Ford’s original manual, “The Pitbull Investor”, is a refined version of CANSLIM. Since then he’s done many things. As a matter of fact, he just sent me his new manual to review – “Pre-Earnings Announcement Trading Strategy.” So far, I’ve only had time to skim through it.
The CANSLIM/Pitbull philosophy of buying strong stocks is very sound. I agree with the approach. But to further your education I would start at the beginning. The legendary Jesse Livermore really began the concept of “buying high and selling higher.” And then in the 50’s a ballroom dancer named Nicolas Darvas wrote a book called “How I Made $2,000,000 in the Stock Market.” He incorporated the Livermore philosophy. And then, even though he doesn’t say so, O’Neil obviously used Darvas’ methods in CANSLIM. And Henry Ford simply refined CANSLIM.
So you might say that Livermore begat Darvas who begat O’Neil who begat Ford. There is nothing new under the sun.
By the way, Joe is right. CANSLIM is a long only system. “M” stands for market direction. O’Neil would be the first to tell you that you don’t want to use it in a bear market.
Larry
