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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?


To: Catcher who wrote (37133)7/25/1999 8:08:00 AM
From: gdichaz  Read Replies (1) | Respond to of 152472
 
Catcher: Tilt ! I too used the IBD system combined with a screen (tho I didn't think in those terms) for stocks consistently hitting new highs in the late 80s and early 90s. This was a means of picking potential winners within networking - which I was concentrating on. The result was very very successful. Cisco was the best find using this system but there were a few others such as Wellfleet (which did better than Cisco until it died due to its merger with Synoptics - to become Bay). Spotted others such as Stratacom (later swallowed by Cisco) that way. And in 1994, this approach led me to Ascend and Cascade Com. All in all, a pretty good "take" from a simple set of "screens" as they are now called.

Note: The Q popped up too in the early 90s, so I rode up for a couple of years or so as a "story stock" before it had any real footprint on the ground. Then sold since appeared stalled. Bought back a few years ago.

In sum, you can do much worse than use some of these "screens" as an initial guide to where due diligence may pay off.

Note 2. I only used this type of screen to pick potential winners or flyers in an area I thought had potential explosive growth which was a result of fundamental research - networking/communications.

The fundamental research was key IMO, but the IBD screen useful. Chaz