Re: [CANSLIM] Exchange Traded Stocks

From: Chazmoore@aol.com
Subject: Re: [CANSLIM] Exchange Traded Stocks
Date: Wed, 11 Jun 2003 16:17:40 EDT

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Hi Fanus: Your point is well taken. There is not an exchange traded stock for 
every industry, but here is an example. IBB is a fund of 20 large companies 
in the biotech industry. On April 12 it closed at $60.02. Today it closed at 
$73.77, and increase of about 23% in about a month. This week IBD rates Medical 
Biomed/biotech as the number 2 industry. Next week it may move to first place 
or it may start dropping. My virtual portfolio will tell me at a glance, and 
because it is expressed in dollars, I have some sort of qualitative measure.
Perhaps its only value is to remind me to constantly check industry rotation.

Charley

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<HTML><FONT FACE=3Darial,helvetica><FONT  SIZE=3D2>Hi Fanus: Your point is w=
ell taken. There is not an exchange traded stock for every industry, but her=
e is an example. IBB is a fund of 20 large companies in the biotech industry=
. On April 12 it closed at $60.02. Today it closed at $73.77, and increase o=
f about 23% in about a month. This week IBD rates Medical Biomed/biotech as=20=
the number 2 industry. Next week it may move to first place or it may start=20=
dropping. My virtual portfolio will tell me at a glance, and because it is e=
xpressed in dollars, I have some sort of qualitative measure.
<BR>Perhaps its only value is to remind me to constantly check industry rota=
tion.
<BR>
<BR>Charley</FONT></HTML>

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