Originally posted by Tatnic
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I don't calc it...It is done independently by others.
Here is my understanding:
At the beginning of the year all stocks are taken at the open (in the top 5 or 10)...Then the avg. % gain/loss is reported for the week.
The following week (and subsequent weeks) are calc'd that if a stock is new the following week then you use Monday's open...If it is a repeat then you use the previous Friday's close etc...I think the results are compounded.
The problem is (although it is a fair comparison...and they compare against other lists that I'm not at liberty to reveal too) is that in the real world nobody knows which ones will be dropped for the following week until after Friday's close...I could run my IIC 100 scan for the following week in R/T 5 mins before the previous Friday close....I don't do that but even if I did there could be some after hours adjustments...And IBD sure as heck isn't gonna do it....So you can't sell at Friday's close because you don't know which ones will be dropped for next week.
My suggestion...Both lists are only a guide...There's plenty of times when I would like to manually remove some...But I don't since I offer it as a Mechanical Scan ONLY...The comparison is presented ONLY to show that people can get a better list of ideas for free than they can by paying an arm and a leg.
I can say with ABSOLUTE CERTAINTY that the IIC 100 is more forward looking than the IBD 100...I think the last few years prove that...Will it always be?...I don't know...But at least you don't have to pay me to find out...And you NEVER will.
In conclusion...All I'm trying to do is offer people some NEW IDEAS at no charge...Perhaps some day I might charge for something???...But it won't be for the IIC 100.
Thanks For Asking,
Best, Doug(IIC)
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