Sunday, June 25th, 2006
Cramer: can’t knock CAN SLIM
This profile of William O’Neil came out a few months ago, but it’s an interesting insight into the founder of CAN SLIM and Investors Business Daily. The reporter also sought comment from TheStreet.com’s Jim Cramer!:
However, CAN SLIM doesn’t have a formally audited track record to verify O’Neil’s investing prowess. So I called my friend Jeffrey Bronchick to see what he thought. Bronchick is the chief investment officer for Reed Conner & Birdwell, a Los Angeles firm that manages nearly $4 billion for its well-heeled clients. His blunt take on CAN SLIM: “Nothing like that has ever been proven—except wrong.” Red flag No. 1. But I also know Bronchick’s tendency for hyperbole. And so I asked James J. Cramer, the most omnipresent financial commentator in the media today—as television host of CNBC’s “Mad Money,” radio host of “RealMoney” and co-founder of TheStreet.com—for his impressions. Given what Bronchick had said, Cramer’s response surprised me. He described how he uses Investor’s Business Daily for some of his research and, when it comes to CAN SLIM, Cramer said simply: “I can’t knock the system.”
Word Count: 180. This entry was posted on Sunday, June 25th, 2006 at 2:43 pm and is filed under Breakout trading, Other growth gurus. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
