Strictly: Drilling and oil-field services Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Strictly: Drilling and oil-field services

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Chuzzlewit who wrote (17034)	3/29/1998 12:28:00 AM
From: waverider	Read Replies (4) of 95453

>Let me know when you can figure out what that IBD ranking is.< Paul the IBD ranking is based on the TYSOADTKCGA Index. They rank every industry group (which stocks are in the 195+ groups has always been a mystery to me) according to they're stock price performance compared to every other group. It is a relative measurement. The oil service group was #1 back in October. The IBD philosophy is to buy only stocks that are going up unless they are overextended...I don't know what that means either. They tell you to get out of industry groups that are dropping in rank and get into groups that are rising. They also tell you to dump a stock if it's relative strength (another price movement measurement based on the individual stock) goes below 70 or so (from 1-99) and its Accumulation/Distribution ranking goes below "C" (A being best, E being get the hell out). Their method got me out of Merck and American Express several doubles ago. Trade Your Stocks Once a Day To Keep the Capital Gains Away. Learned the hard way Diamond

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next