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INM July '06 - Success Stories Start Here
Kenneth J. Gruneisen, Founder and Contributing Writer, www.CANSLIM.net
CANSLIM.net


Right when I was subconsciously readying myself to write an article about how important it is to be patient and avoid making new buys while the market direction is down, the market suddenly ended the month with a solid follow-through day of gains on heavier volume that greatly improved the overall market outlook.  Of course, I can recall the point which was made by several of the instructors during the CANSLIM Certification program which I attended last May – the point that the next new rally and follow-through day could always be just one week away! 

 

I could tell that the market conditions were getting overdue for a rally because of an interesting “contrary indicator” of sorts.  See, I actually heard from a couple of clients who were so depressed and frustrated that they decided to pull their cash out and close their accounts.  None of them had suffered terrible losses, and I feel like I had done the right thing by having them in cash rather than staying heavily exposed in a poorly performing market.  But I know what happens sometimes when investors are sitting with a lot of cash on the sidelines. They start getting the itch to do something else with it.  Surely there must be some way to capitalize on an opportunity in the market elsewhere, they rationalize.  Well, hopefully it works out well for them, whatever they did with the money.  Unfortunately, without cash on the ready, it is more difficult for me to help them get proactive about buying now that a follow-through day has again given investors a green light.

 

I did not get rattled by the fund outflows, even though anyone who manages money wants to continually gather and grow their total pool of assets under management.  I actually found some inspiration in the fact that some investors were giving up.  Why?  Because that means that a lot of other investors have also reached a point where they are ready to make some changes, which of course means my phone will be ringing. I am sure there are plenty of people who are doing a lot worse than any client I have dealt with.  Soon I will be hearing from those who are looking to get away from their present situation and get a new account started at my firm, where each individual is given personalized advice. 

 

I still believe that investors need to have greater patience if they are going to ever achieve that elusive goal of above average returns.  Even in cooperative markets it is not easy to load up on big winners, and sometimes you might hit a losing streak where stock after stock you buy will falter and force you into taking small losses.  I continue to stay strictly focused on CAN SLIM® investing because it is the only method of stock selection I have found that produces very good results over time. This technique is not a get rich quick scheme, but when success finally comes with it, it usually comes very quickly.  After years of mediocre results, sometimes beating and sometimes not beating the benchmark S&P 500 Index’s performance, eventually there can come a period of stellar performance, when you are concentrated in just a small handful of stocks at just the right time.  When this happens, it can multiply your equity several times over, and it might possibly change your lifestyle.

 

Don’t expect to achieve miracles with CAN SLIM® in just a few weeks or months.  Anyone who tells you it is easy to make a pile of money investing with this approach is lying.  Every great success story I have seen took years to unfold, and it always involved plenty of times when there was doubt, frustration, and disappointment.  It is hard work, and because it requires great persistence and determination, many will give up and fail.   Let these words encourage you to press on and endure those tough times.  It will be worth it in the end, when you can not only reach that goal of above average results, but also share your great success story with others.  If you have a great success story, please share it with me.  If you are looking to start a great success story, call my office.

About Kenneth J. Gruneisen, Founder and Contributing Writer, www.CANSLIM.net :
Kenneth J. Gruneisen has successfully completed the CAN SLIM® Certification Program.  Mr. Gruneisen became a Registered Representative in 1987 and his career includes experience offering personalized assistance to investors with more than a decade of experience as a Registered Principal managing a branch office.

The recommendations made by CAN SLIM® certified individuals are their own and may not be attributed to the CAN SLIM® Certification Program, William O'Neil & Co., Investor's Business Daily or their affiliates. The CAN SLIM® Certification indicates only that the individual has successfully completed the CAN SLIM® Certification Program. CAN SLIM®, William O'Neil & Co., Investor's Business Daily and any of their affiliates are in no way responsible for any loss or damage caused as a result of the services provided by these individuals.


Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities.

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The recommendations made by CAN SLIM® Certified individuals are their own and may not be attributed to the CAN SLIM® Certification Program, William O'Neil + Co., Investor's Business Daily or their affiliates. The CAN SLIM® Certification indicates only that the individual has successfully completed the CAN SLIM® Certification Program. CAN SLIM®, William O'Neil + Co., Investor's Business Daily and any of their affiliates are in no way responsible for any loss or damage caused as a result of the services provided by these individuals.

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