How To Make Money In Stocks: A Winning System in Good Times or Bad, 3rd Edition

by William J. O'Neil

Book Overview

THE NATIONAL BESTSELLER Anyone can learn to invest wisely with this bestselling investment system Through every type of market, William J. O'Neil's national bestseller, How to MakeMoney in Stocks, has... This description may be from another edition of this product.

• Format: Paperback
• Language: English
• ISBN: 0071406689
• ISBN13: 9780071406680
• Release Date: May 2002
• Publisher: McGraw-Hill
• Length: 288 Pages
• Weight: 0.94 lbs.
• Dimensions: 8.8" x 0.8" x 5.8"

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(Most) Everything You Need To Know To Pick Winning Stocks

How to Make Money in Stocks? If you can make it through this book, you're half way there. Not written for beginners, Bill's book tells you in detail- what, when, and how to select a winner. This would be a great beginner's book if used in conjunction with Barron's Financial Hand Book or Dictionary of Financial Terms- just to fill in some basics..The selection method detailed in this book is called CANSLIM. The information, and CANSLIM method, is based on years of research and number crunching with main frame computers some years ago. O'Neil and his associates profiled 100s of already successful companies to determine what characteristics made a company's stock rise BEFORE it was a winner. His findings, and the CANSLIM selection method, are explained in great detail.William O'Neil is also the CEO and Editor of the Investors Business Daily. His CANSLIM method of stock selection can best be executed using his IBD Newspaper. Surprise! Bound inside, there is a coupon for 10 free issues."How To Make Money In Stocks" is not the easiest book to understand for the beginner. It's information though will help narrow down 1000s of stocks to just one or two. I use it as a reference book and refer to it often. Take some notes on the inside cover- your going to need them.An excellent buy, this book is destined to be a classic. As William himself says of one of his chapters: "one of the most valuable chapters in this book.... should be worth several hundred times what you paid for [it]. I agree.

THIS BOOK SHOULD OWNED BY ALL INVESTORS

I have read about a dozen books on how to invest in stocks. And I'm here to tell you, this is undoubtedly the best. The man has been there done it. Whatever mistakes you've made in buying and selling stocks, he's done it. And in this book, he is passing along his wisdom so that you can learn from his past mistakes and get on the road success. If you haven't been beating the market averages and making a lot of money in the last few years, then it's because you are not following William O'Neil's CANSLIM method. CANSLIM is an acronym that defines his trading principles. These principles are the active ingredients that make a stock rise. Take it from me, give up on your hit and miss approach to investing. Begin today on his sound and proven methods of investing and you'll soon be glad you did. Do you know anybody who have lost or is down more than 50% of their trading capital on a stock? I do. Many of my co-workers have ridden stocks down to over a 70% lost. Now they are stuck in a stock or stocks they can't afford to sell. And worst of all, they are stuck when the market averages are soaring to heights. (That's gotta hurt. I know. I've been there). O'Neil methods won't let this happen to you.To be honest, I was a slow learner too. So,let me take you back a little bit. I first picked up this book in '92, read it, got excited but then went back to doing it my way. I picked it up again in '94, read it and made a note in the book that a company stock called DELL fit the profile of his CANSLIM methods, set the book down, forgot about it and went back to doing things my way. (Didn't buy DELL in '94) Finally, early last year of '98, I again picked up the book and read it. This time I saw a little note that I had written in the book in '94 about DELL and thought to myself 'why was I so stubborn' about 'doing it my way' that I missed out on so much valuable time and money. Since then, I've bought the stock and a few others that have catapuled my portfolio balance to over 200%. Now that feels real good. Like me for the first time, you'll probably understand most of what he says in the book but you may not relate to what he says entirely until you've been practing or 'getting your feet wet' in the stock market for a little while. Since buying and selling stocks is not a perfect science but rather an art, you will need to go back and reread the book many times over while you're in the market before you'll truly 'get it'. My only critism about his CANSLIM method is that he steers you towards buying stocks with a low number of floating shares which indicate small to mid cap stocks because he says these stocks have the greatest upside potential. I disagree because hitech stocks like Dell, Microsoft, AOL, and Cisco that have gone global can still grow very rapidly if not faster than some of the small guys.Other than that, armed with this book and his Investors Business Daily, you'll be able to achieve t