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Harley, what do you mean by "then I position trade them?"
Hans
-----Original Message-----
From: Harley Meyer <meyer@xxxxxxxxxxx>
To: Metastock list <metastock-list@xxxxxxxxxxxxx>
Cc: Alan Kwong <alankwong@xxxxxxxx>
Date: Tuesday, September 08, 1998 10:51 AM
Subject: AMAT & NWAC
>I took up a position in AMAT at 25 9/16 short 100 shares and I added 100
>shares @ 27 to my short position in NWAC. For a total of 200 shares
>short in NWAC and 100 in AMAT. I was up about $200 anyway from the first
>NWAC position.
>
>Why? Well the market has brought both stocks up and since the market was
>up over 300 pts. this morning it has only one place to go for part of
>the day. Down. If both go against me then I position trade them. Also
>the strike at NWAC has canceled more flights.
>
>All the other fundamental reasons still have not changed.
>
>On a side note market breadth this morning was very impressive. Over 50
>to 1 up to down volume on the NASDAQ and over 20 to 1 on the NYSE.
>However declining issues on the NYSE are beginning to climb.
>
>Just waiting for the DJIA to break below 200. Hopefully it will cause
>more selling.
>
>
>Harley
>
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