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INM Jun 2011 - Meeting the Man Behind the AAII Screens You Heard About
Kenneth J. Gruneisen, Founder and Contributing Writer, www.CANSLIM.net
CANSLIM.net


Investing for the New Millennium has completed eleven full years of monthly issues with this May 2011 issue.  Topics covered in this monthly newsletter relate to investing successfully using the same fact-based investment system. We have not modified the approach, changed tactics, or done anything but our very best to stay focused on what works. This helps our readers do the same. 

As fate would have it, I was able to attend the latest monthly meeting of the American Association of Individual Investors (AAII) in my area.  The South Palm Beach Florida chapter of the AAII had a guest speaker whom I was anxious to hear from.  I figured that the place would be packed and there would be a line of cars jamming into the parking lot.  From the extensive Source Capital Group, Lighthouse Point office archives, I dug out the old June 2000 issue of AAII Journal. It contained a few solid references to the winning investment system, and when it was long-ago published it had triggered a notable surge in web traffic from investors seeking resources and more information.

John Bajkowski went over two ideal stock screening approaches and discussed the various criteria for selection, and reviewed the results that were generated.  If I had anything to say with him after the presentation, my comments concerned the S criteria of 20 million shares or less that was used for his screenings which produced such amazing results. I pointed out that older materials recalled from prior studying left me referencing 30 million shares as the ideal "minimum" supply of shares outstanding; however, the 3rd edition of "How to Make Money in Stocks" had softened up the strict emphasis on a small share supply. 

Bajkowski suggested that he was looking to make adjustments to increase the number of stocks his screen with AAII tools was generating, since at the end of a certain period of study there were only 2 stocks meeting his screening criteria.  Increasing the minimum number of shares would likely get a bigger number of passing companies, but I assured him that increasing the number of passing companies would very likely dilute and bring down the stellar results his screen generated. He agreed with my view. 

"The more shots you fire, the more shots you are going to miss", is the phrase I use to explain my mindset on why investors should be very selective and disciplined. It is also the reason why most mutual funds can fairly be described as "damned to mediocrity", since their over-diversified stance plays a huge role in preventing investors from achieving the above average results they are seeking.

There were actually only a couple of dozen people who attended the AAII meeting. A few of the faces I spotted were familiar friends who immediately knew the reason I was there had a lot to do with the presenter.  Bajkowski and I probably only spoke on the phone once in the 11 year or more span it had been since his studies published for AAII first caught my attention. Regardless of how little I knew him, it was a great thrill to finally meet someone else who for more than a decade has continually re-proven the system explained in the book, "How to Make Money in Stocks".  I praised him for his efforts at helping individual investors be more successful. I told him how thankful I was for the fact that his work has helped to promote my business. His work also helped offset some of the backlash from the flawed fund - which many system purists have long been critical of, including yours truly. 

Many times we hear from investors who are not as well schooled in the system as they should be, especially when they are already quite deeply invested in the market and striving for 'above average" returns but finding that goal elusive.  You can sit back, watch and listen to an AAII presentation (Internet Explorer browser only - click here) which years ago we put together to walk investors through the investment system letter-by-letter.  If you watch it and feel you need additional help putting the proven tactics to work for your investment portfolio, or if you have a need for additional information, please feel free to contact me.

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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