I should be surprised that IBD would put GROW in at such a late stage...But then again they had CYD as # 1 when it was in a 4th and argueably a 5th stage base...I emailed them about it along with the info on where they could get current EPS info on CYD back then...No response, but the next week it was off the list...IIC
GROW is the new #1 on the IBD100
Collapse
X
-
"Trade What Is Happening...Not What You Think Is Gonna Happen"
Find Tomorrow's Winners At SharpTraders.com
Follow Me On Twitter
-
-
Originally posted by IIC View PostTheir RS numbers are based against their database for the past 52 weeks...Dave likes a much shorter time frame...and I agree with him although I set up mine on a year basis...I'm thinking of changing it to 3 months...but it won't come cheap. It might be easier to just subscribe to Dave's fave site...HGS...In fact, I'm thinking about trying them out.
DAVE...Can you run these things(like RS) in different time frames at HGS???
IBD's EPS formula is a little more complex...But it still puts too much weight on 3-5 year old data...Sure the old data carries less weight...but who cares what happened yesterday...I wanna know what's gonna happen tomorrow...I don't bother w/ their EPS rankings...Best, Doug(IIC)
One has to play IBD100 both ways, if one is smart (& lucky).
Comment
-
-
Originally posted by IIC View PostI should be surprised that IBD would put GROW in at such a late stage...But then again they had CYD as # 1 when it was in a 4th and argueably a 5th stage base...I emailed them about it along with the info on where they could get current EPS info on CYD back then...No response, but the next week it was off the list...IIC
Comment
-
-
Originally posted by mystiky View PostSorry for replying a bit "late" but what I like about IBD's EPS numbers is that they don't only look at the last quarter for the EPS. They look for at least the past 3 in a row. This is a nice way to prevent a one-time EPS blowout getting a company on their list.
One has to play IBD100 both ways, if one is smart (& lucky).
Here is the OFFICIAL IBD definition of their EPS rank:
Earnings Per Share (EPS) Rating
Exclusive rating found in Investor's Business Daily's SmartSelectรยฎ Corporate Ratings. Stocks are rated on a 1 to 99 scale (with 99 being best) comparing a company's earnings per share growth on both a current and annual basis with all other publicly traded companies in the William O'Neil + Co database. Stocks with EPS Ratings of 80 or above have outperformed 80% of all publicly traded companies in earnings. The EPS Rating combines each company's most recent two quarters of earnings-per-share growth with its three- to five-year annual growth rate.
FWIW...My IIC 100 uses ONLY the latest qtr EPS plus projections. That's one reason you won't find some good stocks on my list...If I can't get projections then I don't include them...Best, Doug"Trade What Is Happening...Not What You Think Is Gonna Happen"
Find Tomorrow's Winners At SharpTraders.com
Follow Me On Twitter
Comment
-
-
GROW chart
Just wondering if anyone has any updated opinions about GROW chart? Seems like its really trying to break out to higher highs...
Originally posted by spikefader View PostExcellent thoughts in this thread.
GROW in a 5th up it seems. Might be a good short soon...
But a great example of bullish behavior. 13.00 & 18.00 were good areas to buy....now's a good place to be taking profits. Is this bagholder material at these levels?
Comment
-
-
iaac
i bought just a tad of iaac today ...i feel if it stays above 17.40 im alright....the point of least resistance seems to be around 24 if it breaks that point on volume i like i think i will add to my pos but not until that point. Does anyone like to add to my thoughts whether i am on the right track or have i missed the boat. Personally, i like IBD and their tools ..again i think people get their expectations too high when they see a stock like GROW going up every day and when they buy its near the top and ready for some correcting....i have been in that boat as well so i know by experience.
cheers
Comment
-
-
more on GROW
Well with GROW, it gapped up to 35 in premarket after the earnings, then traded down as low as $30. Went up to $32+ on when it got included into the IBD100. Then pulled back to $29. From that time it clawed back and was as high as $34.50+ yesterday. So to me, GROW is acting like its trying to do a "bullish flag" and a further breakout to the $36+ levels. While doing all of this it has NOT closed below the 10-day moving avg in over a month, which I think is bullish.
What I am not good about is recognizing things like "upper bands" or the "upper channels". Need help with those if someone can do a chart on it.
Originally posted by ninner View PostiPersonally, i like IBD and their tools ..again i think people get their expectations too high when they see a stock like GROW going up every day and when they buy its near the top and ready for some correcting....i have been in that boat as well so i know by experience.
cheers
Comment
-
-
GROW finally tanks...took long enough"Trade What Is Happening...Not What You Think Is Gonna Happen"
Find Tomorrow's Winners At SharpTraders.com
Follow Me On Twitter
Comment
-
-
Still # 1...Maybe their scan is truly mechanical like the IIC 100???"Trade What Is Happening...Not What You Think Is Gonna Happen"
Find Tomorrow's Winners At SharpTraders.com
Follow Me On Twitter
Comment
-
-
Originally posted by mystiky View PostYep - looks like GROW is pretty much done. Maybe one more support around $25 for a bounce?
GROW sitting dead on support now at $28, the lip of the daily cup. Weekly support around $24 down to around $22.50. I'd say short any strength on this one. I would think Monday GROW bounces up strong in the a.m., and selling returns in the p.m. Just my thinking . . ..
Comment
-
-
Originally posted by New-born baby View PostGROW sitting dead on support now at $28, the lip of the daily cup. Weekly support around $24 down to around $22.50. I'd say short any strength on this one. I would think Monday GROW bounces up strong in the a.m., and selling returns in the p.m. Just my thinking . . ..
Comment
-
-
My super duper S/R scanner says Medium support at 27.80, support at 25.90 and medium support at 24.30 FWIW...IIC"Trade What Is Happening...Not What You Think Is Gonna Happen"
Find Tomorrow's Winners At SharpTraders.com
Follow Me On Twitter
Comment
-
-
Originally posted by IIC View PostMy super duper S/R scanner says Medium support at 27.80, support at 25.90 and medium support at 24.30 FWIW...IIC
Bounced off of 2nd level support give or take a few cents...interesting...IIC"Trade What Is Happening...Not What You Think Is Gonna Happen"
Find Tomorrow's Winners At SharpTraders.com
Follow Me On Twitter
Comment
-
Comment