FIRST-TIME VISITORS
Welcome!
Join local investors at the monthly Investor’s Business Daily Meetup
- Discuss using IBD tools
- Review current trends
- Analyze stocks that are hot right now
- Learn how to protect your winnings
- Meet other investors to discuss stocks with after the meeting
- Learn from others’ mistake so you don’t have to make the same ones.
DALLAS Join the Dallas Meetup at
Usually on the fourth Wednesday of each month from 6:30 – 8:30.
FORT WORTH Join the Fort Worth Meetup at
Usually on the fourth Thursday of each month from 6:30 – 8:30.
Questions? Call your IBD Meetup Leader, Charlotte Hudgin 214-995-6702
Wishing You “Many Happy Returns,”
Charlotte Hudgin
214-995-6702
Welcome to the Dallas Area IBD Meetup
Purpose: Investors of every skill level come together to learn and discuss the highly profitable, conservative CAN SLIM style of investing in the stock market.
IBD Meetup: Recommended Reading
2010 November
To understand the CAN SLIM Investment System, you need to carefully read William O’Neil’s book How to Make Money in Stocks, probably annually. Take notes and use the book as a future reference. Additionally, for those who would like to delve deeper into the world of stocks and further sharpen their investing skills, below is William O’Neil’s recommended reading list:
How to Make Money in Stocks(Orange book is current version) - William J. O'Neil
24 Essential Lessons for Investment Success(and every other WON book) - William J. O'Neil
Reminiscences of a Stock Operator- E. Lefevre(This was originally a series of articles in a New Yorker magazine - get the big bookto get all the original cartoons!)
How I Made Two Million Dollars in the Stock Market– Nicholas Darvas
How to Trade in Stocks– Jesse LivermoreOne Up on Wall Street- Peter Lynch
The Battle for Investment Survival- G.M. LoebMy Own Story- Bernard Baruch
Tape Reading and Market Tactics- H. NeillHow to Buy Stocks- Louis Engel
Here’s a great place to start looking for good stocks to buy – CANSLIM
from Investor’s Business Daily Newspaper and
William O'Neil's 7 steps to investor bliss / IBD/Investors.com Ratings
C / Current earnings per share should be up 25% or more.Acceleratingearnings in recent quarters is stronger. Quarterly sales should also be accelerating over prior quarters up 25% or more. / EPS >= 80
SMR = A, B
A / Annual earnings per share should be up 25% or more in each of the last three years. Annual return on equity should be 17% or more.
N / The stock should be emerging from a sound and proper chart base and about to make a new high in price.A company with anew product or service that sells rapidly and is causing earnings to accelerate has an advantage. / Proper Base Breakout on Volume, New product
S / Supply and demand.Volume should be sufficient for easy exit. Lower volume stocks are more likely to generate higher returns faster. / Avg Daily Volume >300,000 shares/day
L / Leader or laggard Buy the leader in a leading group. A stock's Relative Price Strength Rating should be 80 or higher. This rating can be found in Investor's Business Daily / RS >= 80
Ind Grp RS >= 80
Price >=$15
I / Institutional sponsorship should be increasing in recent quarters with at least one or two better-performing mutual funds having bought it in their latest report. / Accumulation/
Distribution =
A or B
M / The marketmust be in a confirmed uptrend.
The nightly ARMCHAIR INVESTOR newsletter will help you understand market direction. / Market in Confirmed Rally
1) Find stocks from companies that are financially successful (see checklist).
2)Be sure to only buy at the correct buy point – a breakout on 150+% of average volume or other add-on buy point.
CANSLIM is only a summary of how to buy great stocks likely to show big gains. William O’Neil’s full investment system also involves how to sell to book profits and how to protect your portfolio against losses. Refer to the GREEN (2010) edition of “How to Make Money in Stocks” by William O’Neil and for more training.
Dallas-Plano IBD Meetup Join us at
Questions? Call Charlotte Hudgin, 214-995-6702, IBD Meetup FacilitatorRev 2010-12-**30Page 1 of 8
Dallas-Plano IBD Meetup Join us at
Questions? Call Charlotte Hudgin, 214-995-6702, IBD Meetup FacilitatorRev 2010-12-**30Page 1 of 8