Originally posted by billyjoe
But I have a major problem with IBD Groups...First of all they claim they are weighted(But they refuse to tell me their weighting formula)...I've seen them post top groups for the day when the avg. percentage gain is negative...I want unweighted.
2nd of all besides the Top Groups for the day they rank them on 6 mo. performance(At least I believe they do...I used to know IBD inside-out...but no more because I don't have the time/interest)...So if you see a ranking for the week it means it is a 6 month ranking...I don't care about a 6 mo. ranking...I wanna know the REAL UNWEIGHTED WEEKLY RANKING...
3rd of all I don't like some of their Misc. and Diversified groups that have stocks w/ no correlation to each other...
4th of all they include some Canadian Stocks...
5th of all they include some penny stocks...
6th of all...BLAH BLAH BLAH
But I do believe OVERALL stocks move w/ their counterparts
Now...GOLD is HOT...I don't like gold but what the heck...The market doesn't care what I like...So I buy GRZ yesterday(watched it go up for 2 weeks w/o me)...Today Gold is up...My IIC Gold Index A/D/U is 31/17/3 today...but it was much higher this morning...But what happens to GRZ?...It goes dn on news about it will have to pay millions more for this or that...Heck...I shudda held BGO from last week...So Groups are not foolproof...But I held...I think it will recover.
Anyway...I do think that group movement is helpful...But hardly foolproof...And yes...I think the overall IBD and Canslim system(s) are backward looking...People buy stocks for what they are gonna do...Not for what they already did...At least they should IMO...Best, Doug(IIC)
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