Anyone successfully traded the IBD 100 list
- Thread starter aaronk321
- Start date
It serves as a GREAT short list when the market turns ugly.
Stocks like MA and ICE were on their list. Both were great shorts a few week ago. Use it as a herd contrarian indicator, at best.
Stocks like MA and ICE were on their list. Both were great shorts a few week ago. Use it as a herd contrarian indicator, at best.
A lot of people make a lot of money with the IBD 100....
To try and use it as a contrarian indicator is simply foolish at best...
These stocks show strength because of increasing earnings, increasing revenue and increasing buying by institutional investors
They will reach a "buying top" at some point, but when ????
If they miss earnings, yes, they will drop in a hurry.....but that is predicting....
But, hey, go ahead, it's your money....
Short two stocks over $100/share with relative small floats and small short per centage????
SteveD
To try and use it as a contrarian indicator is simply foolish at best...
These stocks show strength because of increasing earnings, increasing revenue and increasing buying by institutional investors
They will reach a "buying top" at some point, but when ????
If they miss earnings, yes, they will drop in a hurry.....but that is predicting....
But, hey, go ahead, it's your money....
Short two stocks over $100/share with relative small floats and small short per centage????
SteveD
Bffft shorting the IBD 100 may not be such a bad idea though
IBD 100 is a fools game. My experience is that the toughest way to make money in the market is to figure out when a hot stock might become even hotter or finally run out of steam. Sure the rewards are big if you get it right. But there are easier ways to make money in market with higher certainty and less risk.
User Zeelotes at the Motley Fool boards did some backtesting on the IBD 100 and published the findings:
http://boards.fool.com/Message.asp?mid=23640709&sort=postdate
May have to register to see it (free).
smitty
http://boards.fool.com/Message.asp?mid=23640709&sort=postdate
May have to register to see it (free).
smitty
If you play the momo high growth game buy the dips and dont buy all at once.
For example I bought more Goog at 450, MA at 90, and some GS at 200 following the selloff a few weeks ago. Now I'm ahead on all those and made more money than my 1/20 tick daytrader friends.
For example I bought more Goog at 450, MA at 90, and some GS at 200 following the selloff a few weeks ago. Now I'm ahead on all those and made more money than my 1/20 tick daytrader friends.