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Jim,
Do you purchase the stocks or the options on these high priced stocks?
Bill
-----Original Message-----
From: Jim Greening <JimGinVA@xxxxxxxxxxxxx>
To: Metastock <metastock@xxxxxxxxxxxxx>
Date: Tuesday, August 18, 1998 7:15 PM
Subject: DELL & INTC
>All,
> All of the market indices that I follow clearly broke through the
>top of their Short Term Down Trend Channels (STDTC) and look like they
>are definitely turning up. Therefore I'm going to speed up my pace of
>new long positions like I described in my post on the revised trend
>channel strategy. I will stick to large cap market leaders for now
>and will open a position in DELL and INTC tomorrow. Both broke out of
>down trends, DELL broke out of a STDTC and INTC broke out of an
>Intermediate Term Down Trend Channel. There has been a lot of support
>for DELL around the 105 level, so I'll set my initial mental stop just
>under that at 104 3/4. Similarly there is a lot of support for INTC
>around 85, so I'll set my initial stop at 84 3/4. I'll change the
>stops to just under the Short Term Up Trend Channels when there is
>enough data for them.
>
>Jim
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