Rating: Summary: Outdated Review: This book was written before current day's market volatility. His number one lesson, cutting losses at 8%, is impractical in today's market. There are possibly a few good insights here and there, but it's mostly an advertisement for Investor's Business Daily...paid for by you (if you buy the book)!
Rating: Summary: Pure and Vivid Experience Review: It is a grate book. Full of tips and recomendations from someone who has lived the old and the new economy with the same siple and practical method of analysis. I recomend this book to all investors, it is a practical tool.
Rating: Summary: Read this book before buying your first stock! Review: I have been investing for about 10 years. In that time I had consistantly lost money or done fair. After reading O'neals book I have improved my returns by 16%. I feel this book gives the reader a real life perspective on how to screen for, research and buy stocks. It explains how to look at a companies financials and adds a technical perspective on picking your investments. Although many people may critisize this book as an advertisement for Investor's Business Daily, I feel that is unfair. Yes, he goes over how to use the IBD, but you could achieve great returns without it. A side benefit of using his system is the stop loss technique he gives the readers. This will keep you from losing a lot on bad trades. BUY THIS BOOK!!!!!!!!
Rating: Summary: Take This With A Grain Of Salt Review: As many other reviewers have commented, the author's tone throughout this book is somewhat arrogant and distant. Many of the examples he provides are quite vague and described from the point of view that the reader should already have a clue about the stock market. Since this book was last published around 1995, the internet revolution as come on full force and has significantly changed the way stocks are traded. Stocks can fall over 8% in one day and recover that the next day. If one was to listen to Mr. O'Neil's theory of selling at 8% one would LOSE ALOT OF MONEY!!!! In addition,Mr. O'Neil's views on other investment vehicles are extremely narrow minded. Writing Covered calls CAN I repeat CAN supplement one's income and allow one to continueously earn extra dollars on investments should your call continue to expire from month to month as long as the stock does not go belly up altogether. Covered Calls are relatively safe that they are allowed in IRA's. Mr. O'Neil was to busy looking at all the negatives that he did not bother to mention this critical positive and the the other pluses of Writing Covered Calls such as that you canbuy to cover if the stock shows more downward movement. O'Neil's views on Mutual Funds and Charting are vague and inaccurate. One should always investigate who Manages the money in a Mutual Fund and the years experience these mangers have. This is not stated at all. To say that you must hold a Fund 10-15 years minimum is ludicrous. I've gotten plenty of mileage out of my Mutual Funds after less than five. One of the few decent points O'Neil makes involves the CANSLIM method. It is outlined accurately so one can do their own research into those areas. It would have been nice if Mr. O'Neil gave some specific examples on how CANSLIM would have worked with a good stock like IBM or Exxon. Instead O'Neil merely throws charts at his audience and oversells the Investors Business Daily. Don't get me wrong, his paper is quite good but if I want to believe in an investment book, I don't want to be sold on a Newspaper. A few years ago, O'Neil's strategy might have had some merit. Today it just sounds like the ramblings of a angry old windbag who has lost alot of touch with today's investor.
Rating: Summary: Historically proven, clear, insightful Review: An earlier review stated this book is for kids, and all I can say is I wish I had this book when I was a kid. My children certainly will receive a copy. My first stock selection after reading this book and using the author's newspaper landed me a pick that's still running strong. +583% in 9 months. There's power here. Now I know what a good stock looks like, before it gets good. The beginning of wisdom lies here.
Rating: Summary: This book is for kids Review: This book is garbage. My feeling is that it is full of common senses in a stock market! Nothing really useful to be a successful trader. Don't waste your money, like I did.
Rating: Summary: ASOME BOOK! This has made me lots of $$$! Review: I've read numerous investment books and this is by far the best I've read! After reading it investing almost seemed "too easy". I was skeptical but shortly there after I turned a 100% return in two weeks! I stepped out of the market top which I recognized from reading this book. I recommend this book to all my friends. I also subscribe to the author's paper, The Investor's Business Daily. I have purchased a hundred books from Amazon but this is the only one I've bothered to post a review... BUY THIS BOOK!
Rating: Summary: Well written for the beginner and advanced trader Review: Exceptionally well written in an easy-to-understand prose from the founder of IBD. The can slim approach is an invaluable tool, especially as it removes the trader's emotions and uses good, simple common sense. Truthfully, the book is one big plug for the newspaper, but there's a reason. IDB is an invaluable tool, so much so that I began reading it and going by its recommendations. Since I now live overseas, I had to subscribe to DailyGraphs Online.... - but this cost along with O'Neil's 2 books have made me a lot of money. Highly recommended! Couple it with his 24 lessons book and Edgar's book on technical analysis, and you have a winning combination!
Rating: Summary: Great Book but not a day traders book Review: CANSLIM is wonerfull if you are a long term investor. I got confused in how he explains market direction. Definetly for the longer term investor.
Rating: Summary: Best book I've read. Review: If you've just been shaken from your buy and hold slumber by the recent slip of the NASDAQ into a bear market you should take a look at this book. The book gives you a system for selecting, buying and selling stocks based on technicals AND fundamentals. The criticisms that the book is merely a plug for IBD are unfair. IBD is the only publication that presents information in a form suitable for stock selection using this book's system. The book will make you a better consumer of stockmarket information from other publications as well. . . . . Good luck.
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