Meetup Manual: Recommended Reading



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 book to get all the original cartoons!)

How I Made Two Million Dollars in the Stock Market – Nicholas Darvas 

How to Trade in Stocks – Jesse Livermore  One Up on Wall Street - Peter Lynch 

The Battle for Investment Survival - G.M. Loeb  My Own Story - Bernard Baruch 

Tape Reading and Market Tactics - H. Neill  How 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/ |

| | Ratings |

|C |Current earnings per share should be up 25% or more. Accelerating earnings in recent quarters is |EPS >= 80 |

| |stronger. Quarterly sales should also be accelerating over prior quarters up 25% or more. |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. |Proper Base Breakout on |

| |A company with a new product or service that sells rapidly and is causing earnings to accelerate has an|Volume, New product |

| |advantage. | |

|S |Supply and demand. Volume should be sufficient for easy exit. Lower volume stocks are more likely to |Avg Daily Volume >300,000 |

| |generate higher returns faster. |shares/day |

|L |Leader or laggard Buy the leader in a leading group. A stock's Relative Price Strength Rating should be|RS >= 80 |

| |80 or higher. This rating can be found in Investor's Business Daily |Ind Grp RS >= 80 |

| | |Price >=$15 |

|I |Institutional sponsorship should be increasing in recent quarters with at least one or two |Accumulation/ |

| |better-performing mutual funds having bought it in their latest report. |Distribution = |

| | |A or B |

|M |The market must be in a confirmed uptrend. |Market in Confirmed Rally |

| |The nightly ARMCHAIR INVESTOR newsletter will help you understand market direction. | |

| | | |

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.

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Why did I chose this picture?

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CAN-SLIM is a conservative, proven high-return style of investing that choses stocks of profitable, growing companies then looks at their charts to find the optimal signal to purchase and sell.

CAN-SLIM is a seven letter word that represents the seven steps to finding these winning stocks. The seven steps plus shortcuts to each are listed on the next CAN-SLIM page.

CAN-SLIM relies on using the proprietary ratings developed by Investor’s Business Daily and shown in the IBD nightly newspaper as well as on the web site.

Extensive, free education is available at under the “Education” tab.

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Dallas Area Investor’s Business Daily Meetup

Dallas-Plano Investor’s Business Daily Meetup

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