99 RS stocks--WATCH THEM FLY HIGHER AND HIGHER Message Board

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Strategies & Market Trends : 99 RS stocks--WATCH THEM FLY HIGHER AND HIGHER

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To: JKraft who wrote (328)	11/2/1997 12:31:00 AM
From: James Strauss	Read Replies (2) of 836

Leaving Room For Growth.... >>>I met one professional investor who shared his IBD strategy. He uses the books that come weekly from IBD and one of the trading software types like Myron and you use. He feels that he gets better runs from stocks that are around 80 - 85 RS as the ones that are 99 could become subject to correction. I, myself, have seen some of them rise and just sort of stand still under tension until they give one way or the other. I guess it may be important to note when the accumulation gets ahead of itself as in the case of RECY when it broke out and kept passing ILs under heavy accumulation. A 99 stock that had to break due to its dizzy heighth!<<< ************************************************ Joanie: I usually like to buy stocks that still have room to rise... Many 99 stocks will have peaked... The trick is to find the 99's that will continue moving... Buying at a lower RS 80-90 allows for growth... Perhaps, tracking RS growth might be the key... For example: If a stock moved from 50 to 70 as compared to a stock that moved from 81 to 82, I'd be more interested the the first stock.... So maybe RS growth might be the answer... After all, 99 stocks were once much lower... Jim

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