If you use the IBD 100 as a recommended list without further research or chart analysis, then you are asking for trouble. However, if you use it as a starting point, it can be used pretty effectively for trading purposes. It's only a "kiss of death" if you misuse it. What you need to know is that it is a computer generated list, and does not take into account timing. So yes a stock on the list can be extended and likely to retrace or correct from a big gain.
P.S. With the present market conditions I doubt very many stocks at all are holding up.