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INM Mar '07 - Don't Try CAN SLIM® Investing! Invest Using The CAN SLIM® Investment System!
Kenneth J. Gruneisen, Founder and Contributing Writer, www.CANSLIM.net
CANSLIM.net


Experience has shown me that, when investors keep pursuing it, some of them can achieve absolutely phenomenal profits with the CANSLIM ® investment system.  I have shared some of the great success stories of my past in this column, and if you need to see references to some of them please let me know.  However, at our office we also hear from people who sometimes say, "I tried investing using CANSLIM and it didn’t work out for me because of”, blah, blah, blah.  Of course, I can definitely identify with anyone who has had a hard time with it.  Nowhere is it written that making massive profits and achieving above average returns is always easy with CANSLIM.  Being disciplined and following the system’s guidelines is not a walk in the park either. 

 

Longtime readers who have heard me repeat it before might recall the saying I have gradually been making famous, “Trying is lying.  To do is to be true.”  Forgive me if I am repeating again.

 

Now, it is one thing when you go out and fail while you do the things you were supposed to be doing, and it is another thing when you go out and fail while you do things you were not supposed to be doing.  If you are aware of the proper guidelines, but you deliberately ignore them, that failure should, in all fairness, be attributed to your “trying” the system instead of actually doing it.  Quit trying, and start doing!

 

Due to the negative rhetoric recently being created by the dismal results of the CAN SLIM® Select Growth Fund since inception, we have yet another very visible example of how investors try the method instead of actually doing it.  By now, hopefully, all of my INM readers know that the system’s guidelines strictly limit the number of individual stock holdings at 8 issues.  For most investors 3 or 4 stocks is actually considered ideal, and even 8 stocks would be considered to be “too many” stocks according to the training materials and instructions provided in the CANSLIM Masters/Certification Program.  This prompted my October 2006 column titled, “Don’t Buy CAN SLIM® Brand Adulterations And Throw Away The Key To Success“. Since it was published, the results of the fund’s over-diversified portfolio have lagged even further behind the major market indexes used as a performance benchmark for investors.

 

I am very concerned that investors will be discouraged by the below average results of the mutual fund with CANSLIM in its name.  As a result, I fear that many investors will conclude that the method does not work.  And I would be remiss in my duties as a “champion of doing CANSLIM right” if I failed to point out at least one other very obvious flaw with the fund besides its over-diversification.  It will not get investors 100% out of the market and into a safe cash position on the sidelines (earning interest completely risk free) during steep market corrections and bear markets.  This is a terribly contradictory to everything we know about the “M” criteria and “Rule #1” of investing which you might find “hidden” on top of page 2 of William J. O’Neil’s book “24 Essential Lessons for Investment Success”.  It says “You must always protect your investment account.”  Unsuspecting investors beware, because other investment management services also appear to be misusing the CANSLIM name in similarly worrisome fashion.  Lousy try!

 

Not long ago I noticed that Ben Bernanke, Alan Greenspan’s successor as Chairman of the Federal Reserve Board, had to repeat his remarks, one day before the US Congress and another day before the House of Representatives.  As I understand it, his remarks were prepared ahead of time and he read from an identical script each time.  It made me wonder why such an important and powerful person would have to do the same work twice, as his testimony could have been (and surely it was) recorded.  I am still pondering this one, but have drawn a couple of conclusions thus far.  One is that many people are “too busy” study and learn from the past - they want you to produce a fresh answer to the same old question.  Another is that, through repetition, you stand a better chance of getting important points across.

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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