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Harley:
Please give the details on how you pick your stocks. I feel we can all learn something from each other.
Don Hughes
*********** REPLY SEPARATOR ***********
On 8/19/98, at 9:06 AM, Harley Meyer wrote:
>Maybe I will try to do that from time to time and give an explanation
>why. My current short position is AMAT.
>
>If you want me to give details on why let me know and I can post then
>later.
>
>Harley
>
>Roland Beauregard wrote:
>>
>> Harvey:
>>
>> My thoughts, exactly. Makes a lot of sense, [pun, intended].
>>
>> If there is a short specialist in the group who would be willing to post
>> short picks as jim does longs, it may be helpful to a few. I'd do it myself
>> but I'm just beginning to look at the short side.
>>
>> Roland
>>
>> Roland
>>
>> At 08:47 PM 8/18/98 -0700, you wrote:
>> >Jim/
>> >
>> >Does it have to be either/or? Since there are always some stocks moving
>> >up and some moving down, have you considered having both longs and
>> >shorts, perhaps in accordance with a running average of the
>> >Advance/Decline ratio?
>> >
>> >Harvey Pearce, Victoria, B.C., Canada
>> >=====================================
>> >
>> >
>> >Jim Greening wrote ...
>> >
>> >[SNIP]...
>> >> I've been thinking about a tweak that uses the short term up
>> >> trend channel within the intermediate term channel more then I am now.
>> >> As long as the short term channel is moving up from the bottom of the
>> >> intermediate term channel to the top, I'd replace positions as they
>> >> are stopped out. Near the top of the intermediate term channel, I'd
>> >> slow down on the replacements to one per week. When the short term
>> >> channel has turned and is plainly down in the upper half of the
>> >> intermediate term channel, I'd build cash with no replacements. If
>> >> the short term channel is still heading down, but is near the bottom
>> >> of the intermediate term channel, I'd start adding new long positions
>> >> at one per week. After the short term channel has clearly turned back
>> >> up, I'd add faster and replace as stopped. I'd repeat this cycle as
>> >> long as the intermediate term up trend channel holds. When it is
>> >> broken to the downside, I'd reverse to a mirror image strategy with
>> >> short positions.
>> >> I been thinking seriously about this strategy and intend to
>> >> implement it with the short term channel clearly turns up or breaks
>> >> through the bottom of the intermediate term channel. Of course I'll
>> >> continue my current strategy of never risking more then 2% of my
>> >> portfolio on any position (usually much less) and always using mental
>> >> stops.
>> >>
>> >> Jim
>> >======================================================
>> >
>>
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