IBD featured this article about Tesla Motors (TSLA), and I found it a timely example of how CAN SLIM can not work for you.

     This stock only only meets the C and the N in CAN: strong current earnings and a new product (and distribution model). The C certainly looks explosive, however, both in terms of earnings and sales growth. The S, L, and I were certainly there when the stock broke out on 4/1, but the M saw some intermediate correcting.

     Those of us who decided to wait until all the CAN SLIM stars aligned did not buy it around $38 the day it broke out on 4/1. We have missed out on the 207% run it has made so far in the 14 weeks since.