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Data:2009-12-12 2:34
William. Gulls Neil stock career began in 1958, is a senior Wall Street's top investors. He started from scratch, the three-year-old when he bought the New York Stock Exchange seats, and in Los Angeles, founder of the Executive forefront of professional investment institutions O'Neill company, is currently the world's 600 fund manager's investment adviser. Established in 1983, the "Investors Financial Daily", the newspaper was growing rapidly, is the "Wall Street Journal" major competitors. At the same time he is an optimist, but also an American-style economic system dedicated followers and supporters, he said: "In the United States each year, a good opportunity, you have to stand ready to seize the opportunity, you will delight to find that a little acorn grow into a huge oak forest, as long as the hard work and perseverance, everything can be Youcheng, I hope you have the determination to succeed is the most important factor. "
William. Gulls Neil in 1988 to study the stock market for its forty years experience and operating mutual funds, practical experience of the author of "Stock Market Gold Rush," a book, he tempers his art out of CANSLIM stock picking stock picking model, this stock selection model can be your most simple analysis tools. Many people think that investing in stocks and as difficult as losing weight, Can (can) Slim (lean) mean weight loss success.
"C" = earnings per share of stock on a quarterly basis to review the characteristics of the past, the big black horse is to have substantial earnings growth, especially in the last quarter, therefore, suitable for buying the stock should be: with the same quarter last year compared to the seasonal each with a net profit (the most recent announcement quarter) has high growth. But we should also note that, if the profit in the same quarter last year, a very low level, for example, earnings per share is only 1 hours, 5 minutes of this year, it can not be included.
Quarter earnings growth should be ruled out non-recurrent income ratio and some companies rely on to sell some assets, has made huge gains, these gains will not happen again later, therefore, does not care about these companies. The best case, that is, earnings per share to accelerate the growth of such companies in the stock market star.
Quarter revenue growth rate of benefits should be at least 20% -50% or higher; the best net profit growth rates are more likely to up to 100% to 500%. The per-share growth rate of 8% pure benefit or 10% is not enough, you dark horse If you want to pick stocks, which are a basic requirement.
"A" = the annual per-share growth rate of the linear one can only benefit the stock over the past five years, the annual net income per share should be smaller than the previous year, net earnings per share to grow significantly. Should you buy a good stock, to be in the past four to five years, net income per share, representing a compound annual recovery rate of 25% to 50% or even above 100%. According to statistics, the initial motion of all shares soared when the net income per share, the average annual compound growth rate of 24%, the middle value of 21%.
An outstanding performance of the stock, the need in recent years have an excellent record of earnings growth, let alone the lack of significant growth in recent quarters earnings results, both of which are indispensable. Many people high and low PE ratio as a stock picking criteria, but can not tell in the end you should buy or sell shares, in most cases, a stock will not be price-earnings ratio is very low, on the steep rise on the contrary, big surge in stock market average PE ratio is often two-fold or even higher, in fact, into a ratio of net income per share and stock price up the relationship between the stock price to earnings ratio compared with Change the relationship between the far has come close. Therefore, investors will focus on the analysis to find out over the past five years, net profit per share growth of a clear potential for growth stocks. Do not listen to any excuse, a stock had to be an annual net income growth and net income per share in recent quarters to grow simultaneously Xiangrong.
"N" = new things, new management, a new high of company stock to show a new atmosphere, a precursor to the stock price rose. It may be a contribute to operating income and earnings to accelerate the growth of important new products or services; or in the past few years, the company's top management put on new blood. 新官上任三把? no matter what things, at least for the company's new leader brings new ideas and introducing new activities. Or, occur and the company's own industry-related events, such as: products in short supply, prices surged or new technology is introduced, both inside the company can benefit from the same industry.
Most people do not dares to buy the stock hit a new high, but bargain-hunting to get into the more or more shares. According to the research, several stock market on the previous cycle, the new high stock easy-to-another to pay high prices. The best time to buy stock in the rally are gradually ended steady, and then upwards to a new high, it is considered the best time to ---- the best period of consolidation in the stock break through the first when buying. But do not wait until the stock has gained more than 5% breakthrough in the purchase price or 10%, the only limp natural approach. If price movements in the consolidation area transit strong, finishing up close to or through the ceiling, is even more worth the investment.
In examining the past, between mid-1953 to 1993 to the stock rose, we found that more than 95% of the shares had risen not launch major new products or services, change of operational level, where the industry is in a favorable changes in the environment. Most investors buy an expensive initially thought that some of the stock, and then wait for the stock had risen so that the investors wanted to buy when the stock, and then sell the stock.
"S" = flow of equity capital to small-usually less than with the stock price performance potential, in general, capital of small illiquid stocks, stock price volatility would be more intense, tend to spike, but the most promising The stock is usually in these small and medium-cap growth stocks, the past 40 years, for all the soaring stock research shows that 95% of the company's earnings growth and stock price performance of both the peak appears in the paid-up shares of less than 2,500 shares, less capital flows more good, easy manipulation, apparently easy to Zhang Sheng.
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"L" = led the unit in most cases, people tend to buy their own has always been like, I feel at ease, familiar to several file shares. However, your love may not be the prevailing market shares are usually the most active stocks led, if only because of your habits and invest in these stocks, I am afraid to see if they had to drag Manniu step. The stock market to become entangled home rule is: do not buy behind the shares, do not buy sympathy shares led stocks to seize wholeheartedly. Before you use this principle, first recognized at the bottom of the stock is in a horizontal pattern, and the stock has not yet up after the break up 5% or 10%, so that to avoid a catch up too high into the stock.
Led the stock's relative strength index RSI generally not less than 70, in 1953 and 1993, each of the 500 best-performing stock stall US-listed shares rose in real time, the average Relative Strength Index RSI is 87. Hengqiang the strong stock market, weak, weak is the eternal law of constant, once the losses were over, the first rebound of the stock high, almost certainly leading the unit. So, do not buy already, led to only buy stocks.
"I" = take care of large organizations
Stock needs to be extended to a considerable extent in order to stimulate demand for the stock supply. And the greatest demand for good stocks from the large investment institutions, a reason why the stock will go up, not entirely because many institutional investors rushing to buy the investment, but at least in part because institutional investors invest in the stock, with a few institutional investors agree that the most basic and reasonable.
Recognition of large institutional investors can come from the same funds, corporate pension funds, insurance companies, large-scale investment advisers, bank trust departments, however, if a stock investment institutions to win a lot of attention, there will be a major investment institutions compete phase rush, bought the first of the phenomenon (looting Zhuang), once a company or a tape out of the situation, when the pressure of competing to sell is very scary.
To know how many large institutional investors to buy a particular stock is less important. The most important thing is to understand better the standard operation of a large investment institutions holding content; while to know how much big institutional investors agree that the only use that will be able to determine trends in the stock market in the most recent quarter. Taken together speaking, suitable for investors to buy stocks, good performance should be the last operation of a number of big institutional investors recognized stock.
"M" = big city, you can go to find a group of six stock selection model are consistent with the stock. However, if the wrong market trend in your holdings, about 78 into the stock probably will be with the potential sink and suffering lose appearance. So, you have to learn a set of simple and effective way to determine whether the broader market is in bull market, or bearishness. Judged that the best way to move toward broader market is to understand and track the daily market index volatility and direction. Market, the head forms and shapes, generally have several forms:
1) The general is the market rose to a new height, but lower volume, indicating a high degree of stock at this price is not demand, which fell on up easily,
2) Volume dash a few days, but each time found that the stock index after the close, almost no or little rise,
3) The original launch led the bull market in stocks began to break down
4) ADL index (daily rise and fall Number of shares Number of shares the difference) if the stock index average divergence,
5) bank raising interest rates.
On the market shares of these principles can meet only in a few, but among these stocks, only 2% of the stock into shares soaring, and some has more than doubled, enough to make up for losses caused by improper stock-picking. Investors want to do is to buy all the stock, set stop losses, the price you are prepared to focus effort observe whether the stock price has reached the price of these settings, once you achieve a timely stop-loss, in general, in the purchase below the cost of 7-8% of the price is absolutely stop the bottom line.
In China's stock market, William. Gulls Neil's CANSLIM stock selection model is also a place universally applicable, but the time for the development of China's stock market is also short, investors need to do some analysis of data related to the adjustment. If you are interested in this approach, we can consider it a try, you will find unexpected harvest.
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