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Strategies & Market Trends : Pitbull Investing Strategies

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To: Doo who wrote (238)8/22/1997 2:29:00 AM
From: John Langston   of 789
 
Jeffry:

>>Why are you not following industry group RS?<<

I haven't decided on which set of available groups to put my faith in. Henry recommends Barron's approach. I'm familiar group classifications offered by S&P, IBD, Investors Reference Library & John Bollinger. I also short of time.

>>Please explain why you disagree that PB is CANSLIM?<<

It is a form of CANSLIM, but only as much as you want to make it. You can add into the mix ALL of the original CANSLIM criteria if you choose to.

>>Merit Ranking is not the way, IMO, and apparently in Mr. Ford's.<<

Have you spoken to Henry about this?

>>And, ORBKF and MIND were never "excluded" under the system. The only
reason YOU excluded them is because of your over reliance upon Merit
Ranking.<<

I've tested the use of Merit Ranking and am satisfied with the results. Again, the fact that my system excluded ORBKF & MIND does not diminish its usefulness.

You chose not to follow the system. I chose to follow it with some minor modifications. I will probably make further changes over time.
In the mean time, I'm doing very well with the system as is. Eventually, I will add industry group RS to the mix. I've studied it at length in the past so I know that it is very useful. I will probably also incorporate more extensive technical analysis into the mix. But, not yet.

We don't have to do things alike, do we? (g)

John
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