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Dick:
<P>I'm interested in the Gann chat group. Please put me on the list.
<P>Thanks,
<P>Robert Fitzpatrick
<BR>San Francisco
<P>Dick Simmons wrote:
<BLOCKQUOTE TYPE=CITE> <FONT COLOR="#000000"><FONT SIZE=-1>Hi All,</FONT></FONT><FONT COLOR="#000000"><FONT SIZE=-1>To
all those interested in Gann, we have started up a chat group.</FONT></FONT><FONT COLOR="#000000"><FONT SIZE=-1>For
information on joining just E- mail me.</FONT></FONT> <FONT COLOR="#000000"><FONT SIZE=-1>Regards,</FONT></FONT><FONT COLOR="#000000"><FONT SIZE=-1>Dick.</FONT></FONT> </BLOCKQUOTE>
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</x-html>From ???@??? Wed Aug 19 21:15:08 1998
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From: "Steve Karnish" <kernish@xxxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Subject: Re: Current Pick (short)
Date: Wed, 19 Aug 1998 20:11:23 -0700
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Harley,
Download this shareware and you'll never have trouble with gifs
again. It's calle HyperSnap.
http://www.hyperionics.com/
Steve Karnish
CCT
----------
> From: Harley Meyer <meyer@xxxxxxxxxxx>
> To: metastock@xxxxxxxxxxxxx
> Subject: Current Pick (short)
> Date: Wednesday, August 19, 1998 7:02 PM
>
> I have trouble sending .gifs so I'll just give the
> indicators when needed.
>
> AMAT - Applied Materials - I shorted AMAT
> immediately after they announced their earnings
> shortfall. The short is based more on fundamental
> reasons since the semi-conductor equipment mfging
> is slowing. Look at earnings growth rate over the
> next 2 quarters. Not very good. Plus the
> international economy is struggling.
>
> As far the technical analysis, not much to say. I
> use the same things as usual JF, Pre-JF,
> superposition stochastic, support & resistance and
> watch volume.
> I also watch the intra-day jockeying.
>
> I always average on a short position. If it goes
> against me I will average up. They always come
> down on profit taking.
>
> As far as AMAT I expect it to trade down Thursday
> and Friday. Then if it rallies short the rallies.
> If you get in and it goes against you just hang
> on. The fundamental outlook is the prize you keep
> your eye on. They play all sorts of games to get
> people to cover.
>
> One to watch also for a short is NWAC. If it
> rallies into the 30s short it. NWAC is in a no-win
> situation.
>
> Harley
>
> Don Hughes wrote:
> >
> > 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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