Grail's Detailed Strategy

	Grail stocks are of companies with strong sustainable competitive advantages.
	Grail cannot predict medium to long-term future stock prices with 100% certainty, but its analytics identify stocks of superior consistency at times of strong price movements.
	Grail stocks are characterized by high quality growth that significantly outperforms the market.
	Economic and market factors are closely monitored to identify key reversals of primary and intermediate trends
	Trend-following means to be prepared to cut growing losses and let the profits run.
	Grail prefers a buy-and-hold strategy in a bull market provided there is no significant deterioration of the competitive position of the company that will cause serious earnings erosion.
	Grail prefers to sell on a key trend reversal that is reflected in considerably weakened earnings projections.
	Today's price should be as cheap as possible, but Grail's main focus is on the expected future price, based on EPS growth projections for the next six months, since earnings growth can either reduce P/E and PEG values or boost prices.
	Portfolio diversification is driven by the stocks themselves and not artificially structured. Consequently the portfolio does not become overly diluted by under-performing stocks in the mistaken strategy of reducing risk. Clustering into a few industries does not occur.
	Grail has developed a proprietary indicator that is very reliable in warning of impending short-term changes in market sentiment.