William O'Neil – creator of strategies "CAN SLIM"
William j. O'Neil, or familiar accosted Bill O'Neil was a well-known trader, entrepreneur and author. He is the founder of investment firm William O'Neil & Co. Inc., owner of the newspaper investor's Business Daily, and the author of the best seller book "How to Make Money in Stocks" (McGraw-Hill-2009). His name is aligned with Jim Slater and John Neff, renowned generation traders. Investors and traders know him as creator of an investment strategy "CAN SLIM" and a pioneer in putting together a database of stocks that really help traders and investors around the world in a data track public companies.
Bill O'Neil was born in Oklahoma City, the United States in 1933, and grew up in Texas. After from the Harvard Business School's Program for Management Development, he worked for the brokerage firm stocks, Stone & Hayden Company that recently started using computers as a means of trading. He then developed an investment strategy with the computer system of the Hayden, Stone and Company start & was introduced in 1984, after years of tested.
The principle of O'Neil in trading in the stock market is to buy a medium strong, offers that are weak. "CAN SLIM" itself is an abbreviation of: C – Current quarterly earnings, Annual earnings, A – N – New products, new management, and new highs, S – Supply and demand, L – Leaders and laggards, I – Institutional ownership, M – Market Ene.
"The price was too high and was considered very risky will usually continue to rise, and that looks so low and according to people already cheap in fact will continue to go down." said O'Neil had ever served in the US air force. With his strategy, O'Neil became famous and could increase profits on its stock portfolio that he dared to start to set up his own investment firm.
William O'Neil & Co. Inc. who started his business as a broker and investment manager, later widely known across the U.S. as a provider of data on public companies. Even are also discussed in detail the condition of each company complete with trading recommendations. The database contains more than 40000 data items that include stock ranging from 8000 years 1880-90s because of the popularity of this database, O'Neil founded O'Neil Data Systems Inc. (ODS) that is ready to provide data and recommendations to the client from all over the world.
Established as a trader, what's his advice for beginners? "Of course you want to know what the secret is. Just a simple course. In trading on the stock market, try to lose as little as possible when you are wrong positions. In addition, if you make a fundamental analysis or whatever, it's subjective. You and I may have different opinions. Trusted is simply the market price movement itself ", said Bill O'Neil who also taught and is often invited to speak at various investment seminars that.