Go to Jeff Salisbury LWGate Home Page.From: "Duane Runnels" <drunnels@kiva.net>
Subject: [CANSLIM] many newbie questions about Industry Groups
Date: Wed, 19 Mar 2003 10:41:05 -0500
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This is a multi-part message in MIME format. - ------=_NextPart_000_005F_01C2EE04.0B59A760 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I'm trying to figure out the importance of Industry Groups. WON says = pick a leader in a top 20% group and that half of a stock's performance = is related to its group. WON also says pick from the top 6 groups = making new highs. (IBD Rule #11). =20 Is it a valid screen then to start by looking only at the top 40 groups, = find the leaders, and then check for RS and EPS, etc? There doesn't seem to be a lot of discussion here about industry groups, = although there have been several posts recently. Do you consider group = strength then as a secondary factor? It is not part of CANSLIM is it? = Some of you even invest only in certain sectors. =20 I particularly liked Katherine's posts regarding researching groups = showing new rising strength. I watch the Industry Groups table and the = list changes dramatically from one month to the next. Is this a bear = aberation or normal? =20 =20 How much of a group's strength is dependent on one stock's performance? = If this is the case, isn't group performance a misnomer? Also I see = that certain groups have a lot of new highs, but also a lot of new lows. = Is this just a reflection of today's market conditions? In short, how much attention do you pay to the industry group and = why?THANKS. - ------=_NextPart_000_005F_01C2EE04.0B59A760 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable <!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD> <META http-equiv=3DContent-Type content=3D"text/html; = charset=3Diso-8859-1"> <META content=3D"MSHTML 6.00.2600.0" name=3DGENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=3D#fffcf0> <DIV><FONT face=3DArial size=3D2> <P class=3DMsoNormal style=3D"MARGIN: 0in 0in 0pt"><SPAN=20 style=3D"FONT-FAMILY: Tahoma"><FONT size=3D3>I=92m trying to figure out = the importance=20 of Industry Groups.<SPAN style=3D"mso-spacerun: = yes"> </SPAN>WON says=20 pick a leader in a top 20% group and that half of a stock=92s = performance is=20 related to its group.<SPAN style=3D"mso-spacerun: yes"> </SPAN>WON = also says=20 pick from the top 6 groups making new highs. (IBD Rule = #11).<?xml:namespace=20 prefix =3D o ns =3D "urn:schemas-microsoft-com:office:office"=20 /><o:p></o:p></FONT></SPAN></P> <P class=3DMsoNormal style=3D"MARGIN: 0in 0in 0pt"><SPAN=20 style=3D"FONT-FAMILY: Tahoma"><FONT = size=3D3> <o:p></o:p></FONT></SPAN></P> <P class=3DMsoNormal style=3D"MARGIN: 0in 0in 0pt"><SPAN=20 style=3D"FONT-FAMILY: Tahoma"><FONT size=3D3>Is it a valid screen then = to start by=20 looking only at the top 40 groups, find the leaders, and then check for = RS and=20 EPS, etc?<o:p></o:p></FONT></SPAN></P> <P class=3DMsoNormal style=3D"MARGIN: 0in 0in 0pt"><SPAN=20 style=3D"FONT-FAMILY: Tahoma"><FONT size=3D3>There doesn't seem to be a = lot of=20 discussion here about industry groups, although there have been several = posts=20 recently.<SPAN style=3D"mso-spacerun: yes"> </SPAN>Do you consider = group=20 strength then as a secondary factor? It is not part of CANSLIM is=20 it? Some of you even invest only in certain = sectors.</FONT></SPAN></P> <P class=3DMsoNormal style=3D"MARGIN: 0in 0in 0pt"><SPAN=20 style=3D"FONT-FAMILY: Tahoma"><FONT = size=3D3> <o:p></o:p></FONT></SPAN></P> <P class=3DMsoNormal style=3D"MARGIN: 0in 0in 0pt"><SPAN=20 style=3D"FONT-FAMILY: Tahoma"><FONT size=3D3>I particularly liked = Katherine=92s posts=20 regarding researching groups showing new rising strength. I watch the = Industry=20 Groups table and the list changes dramatically from one month to the = next.<SPAN=20 style=3D"mso-spacerun: yes"> </SPAN>Is this a bear aberation or = normal?<SPAN=20 style=3D"mso-spacerun: yes"> </SPAN><o:p></o:p></FONT></SPAN></P> <P class=3DMsoNormal style=3D"MARGIN: 0in 0in 0pt"><SPAN=20 style=3D"FONT-FAMILY: Tahoma"><FONT = size=3D3> <o:p></o:p></FONT></SPAN></P> <P class=3DMsoNormal style=3D"MARGIN: 0in 0in 0pt"><SPAN=20 style=3D"FONT-FAMILY: Tahoma"><FONT size=3D3>How much of a group=92s = strength is=20 dependent on one stock=92s performance?<SPAN style=3D"mso-spacerun: = yes"> =20 </SPAN>If this is the case, isn=92t group performance a misnomer?<SPAN=20 style=3D"mso-spacerun: yes"> </SPAN>Also I see that certain groups = have a=20 lot of new highs, but also a lot of new lows.<SPAN=20 style=3D"mso-spacerun: yes"> </SPAN>Is this just a reflection of = today=92s=20 market conditions?</FONT></SPAN></P> <P class=3DMsoNormal style=3D"MARGIN: 0in 0in 0pt"><SPAN=20 style=3D"FONT-FAMILY: Tahoma"><FONT size=3D3></FONT></SPAN> </P> <P class=3DMsoNormal style=3D"MARGIN: 0in 0in 0pt"><SPAN=20 style=3D"FONT-FAMILY: Tahoma"><FONT size=3D3>In short, how much = attention do you pay=20 to the industry group and why?</FONT></SPAN><SPAN=20 style=3D"FONT-FAMILY: Tahoma"><FONT=20 size=3D3>THANKS.</FONT></SPAN></FONT></P></DIV></BODY></HTML> - ------=_NextPart_000_005F_01C2EE04.0B59A760-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". 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