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Strategies & Market Trends : 99 RS stocks--WATCH THEM FLY HIGHER AND HIGHER -- Ignore unavailable to you. Want to Upgrade?

To: James Strauss who wrote (330)	11/2/1997 12:57:00 AM
From: Christopher	Read Replies (1) \| Respond to of 836

I don't think that watching RS growth is the key here. Take for example a company that just posted their quarterly earnings that were excellent. This will cause the stock to be bought and the RS will go up. You buy the stock but it has already gone up. The point I am trying to make is what Mr. O'neil makes in his book "How to Make Money in Stocks". For a stock to raise or continue to raise a company must have good earnings, sign new contract which causes the stock to raise, have a new invention or a product that they are selling and continue to bring in growth for the company which in turn will cause the to be bought and RS to go up. Let me give as an example the last two stocks I bought myself. I bought THQI and IVIAF. Both of these had an RS arround 75. After I read the news about them I knew they were going to get a high RS and they did. THQI hit 96 and IVIAF hit 97. IVIAF had just announced their earnings and they were up 640%!! The point I am making is to see wheither a stock is going to go up in RS may be in the news. It worked for last two stocks I bought! May be watching RS is also usefull as well. Mr. O'neil recommends that before you buy a stock to make sure it has a new product, new management, etc. that will eventually make RS go higher.

To: James Strauss who wrote (330)	11/2/1997 4:25:00 AM
From: freelyhovering	Read Replies (2) \| Respond to of 836

Jim--<"Perhaps, tracking RS growth might be the key> Tracking RS growth is an excellent idea and it reminded me of another idea I have had for a long time. Namely, having a point-and-figure chart for the 197 Industry Groups that IBD tracks daily in the section titled "Investor's Business Daily Industry Prices". Then you could see industry breakouts and then look at the individual stocks in the group and do the kind of analysis you are suggesting. Anybody want to volunteer? Myron P.S. I vaguely remember Chartcraft having the data charted on Industry groups. Anybody have a subscription?