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INM November 2010 - How Is Following The M Too Hard To Do?
Kenneth J. Gruneisen, Founder and Contributing Writer, www.CANSLIM.net
CANSLIM.net


The sad truth is that lots of people working in the investment industry are just winging it and not using a systematic approach.  They are commission motivated and generating activity is their primary directive.  They have no expertise or even any rules to follow for maximizing investors' gains and minimizing their losses.  They have clients chase dangerous stocks that are extended from a sound base, they buy fundamentally flawed stocks, and they have clients average down and buy more of those stocks at cheaper prices when they fall under the premise that "leverage" will help them dig out of a hole.

Not long ago I heard from a person who works at a well-known investment firm. He expressed interest in using the investment system I have long been exclusively dedicated to.  He sounded enthused about it, but he also admitted to being a very lazy person.  A couple of weeks later he was on the phone with me again, and telling me that he was already giving up on the idea of using this fact-based approach. I asked why he was concluding that the investment system was not for him.  "It seems like that, in order for this to work, you have to know what direction the market is heading," he said. I had to agree with that statement, while wondering about what had just come out of his mouth.

Keeping aware of the market direction (M criteria) is critical to investors' success, I explained. But keeping aware of the market direction was seemingly too difficult for the fellow. I wondered how, because he had recently enabled access to the daily commentaries, stock analysis, and a lot of great resources. Additionally, not long ago, the 3rd Quarter Webcast referred back to past commentaries clearly showing the detailed coverage of key turning points as past rally efforts slipped into corrections, followed by new follow-through days. 

My view was that, via the webcast, we had shown how the ongoing work our experts are doing makes the job of interpreting the market direction much easier for investors.  For at least 4 or 5 days in a row we carried a sentence in the daily market commentary with a link pointing to the webcast.  "Did you watch the 3rd Quarter Webcast that was recently announced?", I asked.  He had no idea what I was talking about.  This revealed that he had not seen the webcast because he had not even been reading the daily market commentaries!  Is it any wonder he would have a problem knowing what direction the market was heading?  There is only so far that we can go, I explained, "I can't loan you my eyes to help you read or loan you my ears to help you listen!" 

Some of the worst losing streaks and prolonged periods of under-performance I have seen have been followed, usually when it was least expected, by very dramatic success stories. I am thankful to those who have placed confidence in our team and who have been tirelessly patient while we have been the extremely selective managers and careful decision-makers that folks count on us to be. Maybe you have been patient and confident for longer than just a week or two, and maybe after enduring years of unimpressive results you have wondered why you should expect anything different.

Essentially, those of you who are reading the daily reports do have access to my eyes and ears. What is presented in the daily commentaries and analysis is an expert summary of the market's action with a focus on pinpointing the best and most action-worthy buy candidates under the investment system guidelines. I am constantly screening and studying the characteristics of the market and leading stocks. The job I am doing is still going to be done, whether you read it and follow along or not. The successes this system has yielded in the past made a powerful enough impact on investors like me, and many people I know, such that nothing will stop me from continuing to work with the same diligence and determination with this proven approach.

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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