Re: [CANSLIM] Re: SYY (was: OSTE)

From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Re: [CANSLIM] Re: SYY (was: OSTE)
Date: Tue, 6 Aug 2002 11:04:55 -0500

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Top of Thread: Re: [CANSLIM] Re: SYY (was: OSTE) Spencer48@aol.com
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Hi jans,

Wish I could claim credit for the RS "trick", but that's something I learned
from the IBD some time ago. One thing to watch carefully....stocks will
occasionally be lumped into industry groups, but their "true competitors"
may be in others. When I'm comparing a stock in order to gauge industry
strength I also look to the charts of the competitors, regardless of how
they're classified. For example, UOPX and CECO are essentially competitors,
but they are not found in the same industry grouping. Two good spots for
finding competitors are www.hoovers.com (look under "Capsule") and
http://www.bullsector.com/search.html.

All in all, I've found this a more effective measure of strength than using
the overall Group RS (and its derivative, IBD Industry Ranking and Group
Letter Ranking in DGO), which lumps all stocks together, leaders and
laggards, and then averages the activity of the group. Here's a couple of
articles I've ferreted away on the subject:

http://WallStreet-LLC.com/canslim/GroupChartsCantPinpoint.JPG
http://WallStreet-LLC.com/canslim/GroupChartsMaskWinners.JPG

Katherine

PS ....thanks for the kind words....
- ----- Original Message -----
From: <Spencer48@aol.com>
To: <canslim@lists.xmission.com>
Sent: Tuesday, August 06, 2002 10:21 AM
Subject: Re: [CANSLIM] Re: SYY (was: OSTE)


> Katherine:
>
>      Just wanted to add my "thanks" to Kelly's.  You really do do yeoman
work for this forum; and I'm sure that I'm just one of many who is grateful
for all your work.
>
>      As for your SYY chart in DGO, I had never thought of this technique
before (using RS of the industry group's top RS stocks)to check on the
strength of that industry group.  It is an ingenius use of DGO-and a
valuable tool.  Thanks again for this (and your many other contributions).
>
>                                 jans




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