This review was originally posted on May 4, 2009 but since no one has rated it and not a great deal of people have read it, I'm reposting it today.
Written on May 4, 2009 Today, I found out about Can Slim. By the way, it's a registered trademark. Sure, I need anything that helps! I've been putting on way too much weight after my 2 year stint in Shanghai, China. Food is great in that city and for now, still cheap. But, the world doesn't simply stop today and with time, it gets more and more expensive by the day! I can attest to this after having visited the city of Shanghai since 10 years ago. Inflation is high! So, I certainly need anything that can slim me down!
Can Slim is not a diet pill, nor is it a diet drink. It is something I still need to know and keep in mind. It is an investment strategy. To make my life simple, I don't plan to repeat what others have done. Instead, I'm just going to quote what Wikipedia has written. In case anyone of you have not come into close encounter with wikipedia, this is your major discovery today. I love Wikipedia, it is the best tool I've ever found on the net, other than Google, that is. Try it and find out what it can do! I know most of the English speaking world has come across Wiki many years ago. But since I am assuming some of my readers will be from China, I can quite safely say today, most of them have not used Wiki before. In fact, even on Wikipedia home page, Chinese language is not highlighted; instead I've to search high & low before I can find it. So, I'm assuming there aren't many pages uploaded in Chinese although that'll likely change in the future. What the Chinese knows well for now is Baidu (百度). And I'm sure many parts of the English world have not discovered Baidu yet. Baidu is what someone in China has labeled as Chinese Google. It is the most popular Chinese search engine. & it has the most good looking & young CEO I've come across (who happens to be bilingual too!)! When Baidu was listed on Nasdaq, his networth was as high as $1 billion! Amazing, isn't it?
Ooops, too much sidetrack. Back to the main topic, Can Slim. According to Wikipedia, "CAN SLIM refers to theseven-pronged mnemonic publicized by the American newspaper Investor's Business Daily, which claims to be a checklist of the characteristics performing stocks tend to share before their biggest gains. It was developed by Investor's Business Daily editor William O'Neil who has reportedly made several hundreds of millions of dollars by consistently using its approach."
C - Current earnings A - Actual earnings N - New product/service
S - Supply & Demand L - Leader/Legard ? I - Institutional sponsorship M - Market Indexes
The way I see it, well, it's the Micro (CAN) + Macro (SLIM) Combo. I was joking with another colleague that there ought to be a third dimension to this strategy. There is that most important element, PSYCHOLOGY! A good understanding of human nature (weaknesses & strengths) will make the added dimension a 3-D powerplay. That possibly is what the world markets are all about! So, what do you think?
CAN SLIM refers to the seven-pronged mnemonic publicized by the American newspaper Investor's Business Daily, which claims to be a checklist of the characteristics performing stocks tend to share before their biggest gains. It was developed by Investor's Business Daily editor William O'Neil who has reportedly made several hundreds of millions of dollars by consistently using its approach.