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Strategies & Market Trends : Pitbull Investing Strategies

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To: virgil vancleave who wrote (761)7/27/1998 11:33:00 PM
From: ccportfolio  Read Replies (1) of 789
 
Virgil, Henry D.

Virgil, thanks. I was aware what the 80 ranking for EPS meant using IBD, but I was looking for a quantitative percent that would be the equivalent of what a stock with an 80 ranking would have. I figured 11.4% based on one or two stocks I randomly chose from IBD that had 80 rankings.... along with a site that listed the average eps for various industries...

I assume stocks with 80 rankings would have similar EPS growth rate percentages, but I was looking for an answer that would help me run scans based on a more accurate percentage number. I guess I'll pick up the IBD again and run a single scan for EPS growth rate on a number of stocks that have 80 rankings. Thanks again.

Henry D.... I've only used the Eagle Strategy a few times, each time has resulted in a decent though not exceptional profit. This last time, I picked up Equifax in the money Jan 40 calls...which had an extremely low premium compared to how much it was in the money. EFX held up fairly well during last week's downturn and was up again today, though barely enough to move the bid/ask on the options. The trick with using the PitBull strategies for going long on stocks or options is to have more patience than most traders have since the stocks in general don't move rapidly, but more slowly and surely...
I'd recommend the strategy as a starting point for picking new possible options... If you're interested in options ... i'd also recommend trying the free two week subscription to the optioninvestor newsletter. optioninvestor.com I've made some substantial gains fairly quickly using their picks...
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