Re: [CANSLIM] Exchange Traded Stocks

From: Fanus <fanus13@yahoo.com>
Subject: Re: [CANSLIM] Exchange Traded Stocks
Date: Wed, 11 Jun 2003 10:06:00 -0700 (PDT)

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Charley

In your opinion, what is the advantage in following
selected ETF's in your approach over keeping track of
industry groups?  Aren't you concerned that you might
miss strong industry groups because there aren't ETF's
for them available and as such not on your list?

Best Regards
- - Fanus

- --- Chazmoore@aol.com wrote:
> Here is a tip that may be of use to someone.
> 
> CANSLIMERs know the importance of keeping up with
> the rotation of industry 
> groups. It reminds me of a boiling pot of water. The
> molecules on the bottom get 
> hot, move to the top, burst into steam, and the cool
> residual falls back to 
> the bottom to start the process all over again. It
> seems to mean industry 
> groups behave similarly about every 90 days.
> 
> Exchange trade mutual funds have been created to
> reflect many of the major 
> industry segments. For example, the QQQ represent
> 100 of the largest technology 
> companies. There are also funds that mirror the
> Russell 2000. What I have done 
> is set up a "virtual" portfolio of Exchange Traded
> mutual funds so I can 
> follow their daily price movement. I believe this
> will give me concrete evidence 
> of the popularity of the groups I selected.
> 
> You can set up a portfolio of your own by going to
> www.Island.com and 
> reviewing the selection available.
> 
> Charley
> 


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