O'Neil's CAN SLIM Revised 3rd Edition Screen
|O'Neil's CAN SLIM Revised 3rd Edition||S&P 500|
|Five Year Return:||17.9%||13%|
|Ten Year Return:||9.2%||5.4%|
The Third Edition of the CAN SLIM Approach
Take an attention-grabbing book title, toss in an easy-to-remember acronym, and top it off with a daily business newspaper that supplies information required for preliminary analysis: You've got the recipe for a popular investment strategy. The CAN SLIM approach is presented by William O'Neil, publisher of Investor's Business Daily, in his book titled "How to Make Money in Stocks: A Winning System in Good Times or Bad."
The second edition of "How to Make Money in Stocks" presented a stock selection approach developed by studying 500 of the biggest stock market winners from 1953 to 1993. The CAN SLIM approach presented in the book was based upon the characteristics that these winning stocks possessed prior to their big price run-ups. Recently, O'Neil extended his analysis of past market winners to 600 companies that performed strongly from 1953 to 2001 and revised a number of CAN SLIM criteria. The third edition of "How to Make Money in Stocks" was published last year and presents the revised CAN SLIM rules (see Table 1). This discussion presents the CAN SLIM approach with an eye toward the recent changes and its application using AAII's stock screening system— Stock Investor Pro.
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