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<DIV><FONT color=#000000 size=2>Melesse,</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT><FONT size=2>
Thanks for the input. I don't use trailing stops since I've never liked
pure percentage stops. However, I'll tighten stops if we get any up
move. Thanks!</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>JimG</FONT></DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 solid 2px; MARGIN-LEFT: 5px; PADDING-LEFT: 5px">
<DIV><FONT face=Arial size=2><B>-----Original Message-----</B><BR><B>From:
</B>Melesse Ayalew <<A
href="mailto:Melesse.Ayalew@xxxxxxxxxxx";>Melesse.Ayalew@xxxxxxxxxxx</A>><BR><B>To:
</B>metastock@xxxxxxxxxxxxx
<<A
href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx</A>><BR><B>Date:
</B>Saturday, October 10, 1998 9:30 PM<BR><B>Subject: </B>Re: Weekly
Pick<BR><BR></DIV></FONT><BR><BR>Hi Jim,<BR><BR>My indicators gave a strong
buy signals on Thursday close, I am not totaly convinced that if the rally
will <BR>last for long though, after the rally I think we will test the
low's again (7400). The intermediate term is still<BR>caught in a declining
channel. I suggest putting trailing stops to protect
profits.<BR><BR><BR>Regards,<BR><BR>melesse<BR><BR><BR><BR>> From <A
href="mailto:JimGinVA@xxxxxxxxxxxxx";>JimGinVA@xxxxxxxxxxxxx</A> Sat Oct 10
12:10:58 1998<BR>> X-Authentication-Warning: listserv.equis.com: majordom
set sender to <A
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using -f<BR>> To: "Metastock" <<A
href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx</A>><BR>>
Subject: Weekly Pick<BR>> MIME-Version: 1.0<BR>> X-Priority: 3<BR>>
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V4.72.3155.0<BR>> <BR>> All,<BR>>
What a week! I was stopped out of my DELL position Monday. Then
all H... broke loose Thursday. I looked at the charts hard Thursday
night and as I said in my Friday post, thought that we had just experienced
a blow-off bottom. Only time will tell if that's true or not, but let
me expand on my thinking a little bit. A classic blow-off bottom is
one in which the market reaches new lows on extraordinary high volume, lots
of new lows are reached, and everyone is extremely negative and the market
recovers rapidly from there. Looking at the first condition, it's true
that the DJIA didn't reached new lows but instead bounced off the bottom of
it's Horizontal Channel (HC). However, the DJIA just represents 30
stocks, not the market. All the broad market indices did reach new
lows on the third highest volume day in history. There were over 2200
new lows on the NASDAQ and over 1200 new lows on the NYSE. The
put/call ratio was at a multiyear high. Analyst's were
droppin!<BR>!<BR>g their earnings estimates and bearish sentiment was
high. To me the evidence supported that Thursday was a blow-off
bottom. The question then, was what to
do?<BR>> I decided to take a position in
well know former market leaders that were still in a Short Term Down Trend
Channel (STDTC). However, since they were still in a STDTC, I would
protect myself with a close stop under the Thursday low and take a position
only half my normal size. Then when/if they broke out of the STDTC,
I'd double my position size. The stocks I picked were America On Line
(AOL), Dell Computer (DELL), CitiGroup (CCI - the newly merged combination
of Traveler's Group and CitiBank), and MicroSoft (MSFT). I opened a
position in each Friday morning. That left me with long stock
positions in AOL, CCI, DELL, EGGS, MSFT, NR, and SCH as well as the old TRV
LEAPS which have been converted to CCI
LEAPS.<BR>> Monday I'm going to add the
other half of the CCI position which did break out of its STDTC
Friday. Some of the others are also close to the top of their STDTCs
and I'll be adding to those positions when/if they break out during the
week. I also want to add another Fallen Angel, Christmas Special, or
whatever you want to call the low priced beaten down stocks. I
narrowed my selection to Cypress Semi (CY), Labor Ready Inc. (LBOR), and
Oxford Health (OXHP) and finally decide on CY mainly because I also had a MS
buy signal for it.<BR>> CCI at 35.4375
bounced off the bottom of a long term up trend channel Thursday and gapped
up on good volume to break out of a STDTC Friday. Based on performa
data, it hit an all time high just under 70 on 4/6/98 then fell back and
moved up again to set a double peak just under 70 again on 7/21/98.
From there it went into free fall to a low of 28 1/2 on Thursday, but closed
4 points higher. So Thursday and Friday were both up days on good
volume. The Binary Wave Composite just turned positive and QStick is
still negative but rising. The fundamentals are great with a PE of
11.8, price/sales of 0.89, ROE of 19%, Debt/equity of 1.46, and annual sales
growth of 72% and earnings growth of 33%. I'll add to my position
Monday and leave my stop at 27 3/4 for now. I'll change my stop to
just under the new Short Term Up Trend Channel (STUTC) just as soon as we
get enough data to construct one.<BR>> CY
at 8.4375 is in a Horizontal Channel (HC) with the top at 11 and the bottom
at 5 1/2. It hit a 52 week high of almost 19 on 9/5/97 then fell from
there to a low of 5 1/2 on 9/1/98. From there it rose to break out of
its Intermediate Term Down Trend Channel in mid Sep and hit a peak of a
little over 9 at the end of September. It then fell to a low of 8.625
on Thursday and rose to its current position Friday. I got a MS6.5
Tema PV Binary Wave, QStick buy signal a little over a week ago. The
fundamentals aren't as good on this one but that's to be expected. The
price/sales is at 1.48, the debt/equity at 0.32. Earnings are
negative and sales have dropped. The good news is that the worst might
be over and the sales drop has flattened. I'll open a long position
Monday. I'll set the target at 18, just under last years high and, for
now, will set the stop at 7 1/2 which was the reaction low just prior to
breaking out of the ITDTC. If we get a move above 9 3/8,
I'!<BR>!<BR>ll construct a new STUTC and set the low just under
it.<BR>> I'll send copies of the CCI and CY
GIF charts to everyone on the email list. If you aren't on the list
and want on, just yell.<BR>> <BR>> JimG</BLOCKQUOTE></BODY></HTML>
</x-html>From ???@??? Sun Oct 11 15:35:55 1998
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From: "Jim Greening" <JimGinVA@xxxxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Subject: Re: Dell 3rd quarter earnings date ?
Date: Sun, 11 Oct 1998 16:56:31 -0400
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<DIV><FONT color=#000000 size=2>Jerome,</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT><FONT size=2>
First Call has it as Nov 16.</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>JimG</FONT></DIV>
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<DIV><FONT face=Arial size=2><B>-----Original Message-----</B><BR><B>From:
</B>sk001420 <<A
href="mailto:jeromeh@xxxxxx";>jeromeh@xxxxxx</A>><BR><B>To: </B><A
href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx</A> <<A
href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx</A>><BR><B>Date:
</B>Sunday, October 11, 1998 2:17 PM<BR><B>Subject: </B>Dell 3rd quarter
earnings date ?<BR><BR></DIV></FONT>Hello everyone,<BR><BR>Has Dell
announced released his third quarter earnings date
?<BR><BR>Jérôme Hedges<BR><BR><BR><BR></BLOCKQUOTE></BODY></HTML>
</x-html>From ???@??? Sun Oct 11 17:53:18 1998
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From: "Ed Middleton" <jgelfand@xxxxxxx>
To: "metastock info request" <metastock-list@xxxxxxxxxxxxx>
Subject: Daytrading / Nasdaq
Date: Sun, 11 Oct 1998 19:49:44 -0400
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Of the people using Metastock RT and Nasdaq Level II quotes for daytrading;
what software are you using for the Nasdaq Level II tracking and trade
ordering? There seems to be numerous packages on the market. I personally
am looking for a package to initiate trades via the internet.
Any feedback on these packages (good, bad, pricing and internet URL) would
be appreciated.
thanks in advance,
Ed Middleton
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