John: A couple of specific responses to your post.
"There is no doubt that PB is a conservative growth strategy."
PB is NOT a conservative growth strategy, it is a less risky CANLSIM approach to "speculation." The returns claimed by PB advertising make that plain, as does the manual. If you ignore strict stock selection (which the system does not adequately address, IMO) it can certainly become such a strategy, however.
"Every weekend I see the number of new highs that are 100-500% above their 52-week low which don't qualify according to PB rules."
Agreed, but ORBKF and MIND were not in this category when they met PB rules. Both qualified, except ORBKF missed the 2:1 hi low by an 1/8 of a point, and MIND did not appear on Friday. Those are a couple of rules that I think are made to be broken if you not interested in ignoring the market all week, and you are looking for the type of returns Ford claims.
"But, personally I would rather try the PB short system than increase risk on the long side."
There was absolutely nothing extraordinarily risky about ORBKF and MIND when they qualified. Actually, my opinion is they were less risky than some of the high merit stocks you were posting here before the Power Pitbull. The reason: they're in strong groups that have been leading the market for months. ORBKF is semi-conductor equipment and MIND is oil and gas equipment. That was one of my points previous to the introduction of Power Pitbull, and now you apply that portion of CANSLIM analysis, don't you?
Can't help but mercilessly beat the dead one: The only way I personally know of to produce the PB's claimed returns is to focus only on stocks that show "C" (current earnings growth) and "A" (annual earnings growth) of the traditional CANLSIM variety in strong groups, and let them ride to huge profits. That is the PB, IMO. Nothing more, nothing less.
"It seems that the way you approach this is more from the classic CANSLIM ball park, "ridin the winners." Nothing wrong with that."
You got it!! PB IS CANSLIM. And in this incredible market, it is the only predictable and reduced risk way to apply CANSLIM. Moreover, it is the only way I know of that produces the results which approach those claimed by Ford.
Glad to have you back, John.
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