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Bill,
I do both, but I purchased the stocks this time.
Jim
-----Original Message-----
From: Bill G Bolumen <BOLUMENB@xxxxxxxxxxx>
To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
Date: Tuesday, August 18, 1998 8:40 PM
Subject: Re: DELL & INTC
>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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