GROW is the new #1 on the IBD100

[IIC]

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

[mystiky]

Their 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)

Sorry 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).

[mystiky]

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

I guess the reason GROW got on there only now is due to the fact that it had a 75,99 ranking after thei last earnings report. So I guess if the stock was $18 and had a blow-out it really should not had mattered. It's all based on "timing". Like those who shorted ERS and DXPE as they were climbing. The big word there was, well, they are already #1, it can't go any higher. Boy, did they ever!!

[IIC]

Sorry 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 SmartSelect® 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

[mystiky]

GROW chart

Just wondering if anyone has any updated opinions about GROW chart? Seems like its really trying to break out to higher highs...

Excellent 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?

[ninner]

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

[mystiky]

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.

iPersonally, 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

[IIC]

GROW finally tanks...took long enough

[DSteckler]

Bearish engulfing bar on Tuesday, followed by a harami bar on Wednesday, was the tell.

[IIC]

Still # 1...Maybe their scan is truly mechanical like the IIC 100???

[mystiky]

GROW finally tanks...took long enough

Yep - looks like GROW is pretty much done. Maybe one more support around $25 for a bounce?

[New-born baby]

Yep - 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 . . ..

[mystiky]

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 . . ..

The idea is nice, but it seems like there are NO shares to be found for shorting GROW. Unless you (or anyone else) can tell me a broker that has 'em.

[IIC]

My super duper S/R scanner says Medium support at 27.80, support at 25.90 and medium support at 24.30 FWIW...IIC

[IIC]

My 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