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Thanks for the new version of the method, Jim. Every time you do one of
these, I get a new "aha!". I'd say "you oughta write a book", but as I
review all my saved posts, it seems you already have. <g>
thanks again,
Dick
-----Original Message-----
From: Jim Greening <JimGinVA@xxxxxxxxxxxxx>
To: Dick <dick@xxxxxxxxxxxxx>; Metstock List <metastock-list@xxxxxxxxxxxxx>
Date: Sunday, January 11, 1998 8:38 AM
Subject: Re: Weekly Pick
>Dick,
> Thanks for the kind words. I've tried for years to set up a
>system I understand and can follow, but I do admit to constant
>tweaking <G>.
> My system includes Telescan Prosearches using both fundamental
>and technical criteria and an eyeball test on the resulting stock
>charts for the initial screens to admit stocks to my database. I try
>to keep my stock database to under 200 stocks. I run the Telescan
>searches weekly and prune my database periodically. I usually only
>add a few stocks each week. After I download the historical stock
>data on new stocks to MetaStock, I run my MetaStock profit system test
>comparison that I've described before to see which test works best and
>change the chart indicators to reflect the best test. If none of the
>tests show at least a 100% gain on 1500 days of test data, I delete
>that stock from the database.
> I run weekly explorations on the stocks in my database and when I
>like one of the stocks that come up in the exploration, I move it to
>my watch list. I look at charts of my open positions and my watch
>lists every day. When I have buying power in my account and am sure
>of the market direction, I'll add a new position weekly in the
>direction of the intermediate market trend.
> I use mostly trend channel analysis for my final selections since
>over the years I've found that works best for me. When the market is
>in an intermediate term up trend, I like to open long positions after
>a stock has bounced off the bottom of an Intermediate Term Up Trend
>Channel (ITUTC) and broken a short term down trend channel. A
>MetaStock buy signal is nice, but not required. I'll also buy LEAP
>calls for leverage. Since I'm frequently wrong, I like to limit my
>losses by getting in close to the bottom of the ITUTC and setting my
>stops just under the channel. If the channel is wide enough, I'll
>also set a target at the top of the channel. Of course, I move the
>stops and targets up as the stock progresses along the channel.
> One final comment is on portfolio management. I limit each new
>position to no more then 10% of my portfolio. I try to keep every
>position in different high ranked industry groups, but may have two in
>the same group from time to time. If the bond market looks good to me
>compared to the stock market, I'll occasionally take a bond position
>through bond mutual funds.
> Sorry for being so wordy, but I did want to summarize my strategy
>since I haven't done that in a long time.
> Now to the point - finally <G>. Since the first part of the
>system I've described above is a screen based on both fundamental and
>technical criteria, I don't agree that MU has terrible fundamentals.
>I explained why in a separate post to Dave and asked him to be more
>explicit. It's always good to exchange ideas on our investment
>methodology and stock selections. I've found that I'm not too old to
>learn something new <G>.
>
>Jim
>-----Original Message-----
>From: Dick <dick@xxxxxxxxxxxxx>
>To: Metstock List <metastock-list@xxxxxxxxxxxxx>
>Date: Saturday, January 10, 1998 7:42 PM
>Subject: Re: Weekly Pick
>
>
>>Hi Dave,
>>
>>I've sent my "warnings" to Jim about bearish fundamentals in the
>past, only
>>to have him prove (yet) again, that the trend is his friend, while I
>>bearishly eyed his weekly pick take off like a homesick angel. <g>
>>
>>The only thing I can figure is it's at the bottom of it's trend for a
>>reason, and that's pretty well known by everyone....and when the
>sellers are
>>all gone....well, you get the picture.
>>
>>I've been trying to emulate Jim's methods on a trial basis, but the
>market
>>has been so bad, and all.........but have you noticed he's one of the
>few
>>that never seems stressed out on this board ?
>>
>>All by itself, that's enough reason for me to admire his methods and
>to
>>learn as much as I can from them.
>>
>>Dick
>>
>>-----Original Message-----
>>From: Dave Zawicki <JohnZGalt@xxxxxxxxxxxxxxxx>
>>To: Jim Greening <JimGinVA@xxxxxxxxxxxxx>
>>Cc: Jim Barone <Wooglinx@xxxxxxx>; Jerry Medlin
><jmedlin@xxxxxxxxxxxxx>;
>>Jeff Heebner <JWHnHotlanta@xxxxxxxxxxxxxxxx>; Jeff F. Brady
>><surfingrincon@xxxxxxxx>; JBois <jbois@xxxxxxxxxxxxx>; James H.
>Shaddy
>><jshaddy@xxxxxxxxxx>; James A. Deni <JDENI@xxxxxxxxxxxxxxxx>; jack
>velte
>><jackv@xxxxxxxxxxx>; J. Stephen Jones <jsjones@xxxxxxxx>; J. F.
>DeWilder
>><jdewilder10151@xxxxxxxxxxxxxx>; J. Carlos <areia@xxxxxxxxxxxxxxx>;
>Iris
>>Brown <irisb@xxxxxxxxxxx>; Hugo Noomen <100413.2325@xxxxxxxxxxxxxx>;
>Hugh
>>Valliant <valliant@xxxxxxxxxxxxx>; Herb Jorgensen
><HJORGENSEN@xxxxxxxxxx>;
>>Herb Carter <carterh@xxxxxxxxxxxxxxxx>; Harley D Meyer
><Meyer@xxxxxxxxxxx>;
>>Guy Gordon <gordon@xxxxxxxxxxx>; Gunter <GUNTERE@xxxxxxxxxx>;
>greatsigns
>><greatsigns@xxxxxxxxxxxxxxxx>; GARY MONTGOMERY
><Efficiency@xxxxxxxxxxxxxxx>;
>>Gary Dahlquist <kcguru@xxxxxxx>; Frank B. Gaylord
><fbg@xxxxxxxxxxxxxx>;
>>Francois Martin <francoisma@xxxxxxxxx>; fletch <fletchmo@xxxxxxx>;
>Erika
>>Toth Fluke <erika@xxxxxxxxxxxxxxxxx>; Ed Schwab
>><edschwab@xxxxxxxxxxxxxxxxxx>; Ed Hanley <eeh3@xxxxxxxxxx>; Ed
>Hancock
>><ehancock@xxxxxxxxxx>; Drew Hawkins <dhawkins@xxxxxxxxxxxxxxx>; doug
>>schneider <dschneider@xxxxxxxxxxx>; Don Hodges
><dhodges@xxxxxxxxxxxxxxxx>;
>>Doc Amin <amin@xxxxxxxxxxxxx>; Dick Jurgens <dickj@xxxxxxxx>; Dick
>><dick@xxxxxxxxxxxxx>; Denis Trover <dtrover@xxxxxxxxxxxxx>; David
>Castley
>><David.Castley@xxxxxxxxxxxxxx>; Dave Van de Laar
><dvandela@xxxxxxxxxxx>; D J
>>Hadley <animal@xxxxxxxxx>; Craig Camp <CCAMP@xxxxxxx>; Cliff Frish
>><cbfrish@xxxxxxxxxxxxxxxx>; Claude Baruch <ClaudB@xxxxxxx>;
>Christopher J.
>>Lewis <katlewis@xxxxxxxxxx>; Christian Baude <BAUDECB@xxxxxxxxxxxxx>;
>Carole
>>Frohardt <cfro@xxxxxxxxxxxxxxxxxxx>; Carlos D. Thomason
><deant@xxxxxxxxxxx>;
>>Bob Fulks <bfulks@xxxxxxxxxxx>; Bill Wright <pclogic@xxxxxxx>; Bill
>Saxon
>><bsaxon@xxxxxxxxxxxxxxx>; Bill Ford <whford@xxxxxxxxxxxx>; bill
>bolumen
>><bolumen@xxxxxxxxxxxxxxxx>; Bill <WPhill9611@xxxxxxx>; Bart Waller
>><bartco95@xxxxxxxx>; Al Dharsee <Dharsee@xxxxxxx>; achmad zaky
>><achmad@xxxxxxx>; Jeffrey L. Grover <jeff.grover@xxxxxxxxxxxxxxx>
>>Date: Saturday, January 10, 1998 12:09 PM
>>Subject: Re: Weekly Pick
>>
>>
>>>Jim,
>>>
>>> I want to thank you for continuing to make these selections every
>week. I
>>>understand they are based on technical analysis, but I can't help
>looking
>>at the
>>>fundamentals of the company also when making a selection. MU is a
>terrible
>>>selection (on a fundamental basis) and worth south of $10 during the
>next
>>>contraction. Be careful and keep those stops close.
>>>
>>>----
>>>Dave Zawicki
>>
>>
>
>
>
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