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Title: Dissapointing
Review: Have to say that I am underwhelmed by this paper. The whole investment strategy is momentum based. Every day they select the IBD "top 50" which purports to be those stocks that rate the highest on their selection system. However, they repeatedly advise against buying any stock that has increased by 5% or more over its chart base. However, virtually all of the stocks on the top 50 are above 5% of their breakout or they wouldn't qualify as momentum stocks in the first place. The magic moment for an IBD pick just really does not existThe system is absolutely useless in timing your buys relative to the market. A "99" relative strength stock is just that in a tumbling as well as a rising market. What the system is good for is picking stocks that will likely lead the pack in a solid bull market; so, its more like a good times stock picker. Rely on it for true "investment advice" at your peril.
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