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<DIV><FONT color=#000000 size=2>Hi Jim,</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT><FONT size=2>Two things:</FONT></DIV>
<DIV><FONT size=2>-Please add me to the e-mail list for
charts--thanks</FONT></DIV>
<DIV><FONT size=2>-Is the method by which you select your stops public
info? I'm studying trailing stop strategies, and would appreciate
info. If proprietary, please disregard.</FONT></DIV>
<DIV><FONT size=2>Thanks,</FONT></DIV>
<DIV><FONT size=2>Dan</FONT></DIV>
<DIV><FONT face=Arial size=2><B>-----Original Message-----</B><BR><B>From:
</B>Jim Greening <<A
href="mailto:JimGinVA@xxxxxxxxxxxxx";>JimGinVA@xxxxxxxxxxxxx</A>><BR><B>To:
</B>Metastock <<A
href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx</A>><BR><B>Date:
</B>Friday, November 13, 1998 11:01 PM<BR><B>Subject: </B>Weekly
Pick<BR><BR></DIV></FONT>
<DIV>All,</DIV>
<DIV> Well the string of up weeks had to end somewhere
<G>. My portfolio was down for the week and I closed my DELL, EGGS,
LU, NR, and SCH positions (summary below) as targets and stops were hit. I
had a hard look at the indices to see if the market was trying to tell me
something, but I still read all signs as go. However, in case I'm wrong
I'm only going to ease back in. I will only replace one large cap position
and one small cap position this week. Then in the following weeks I'm
going to increase my small cap exposure. My large cap selection is our old
favorite CitiGroup (CCI) that we made a good profit in a few weeks ago.
The small cap is Cohu Inc (COHU). We all know about CCI. COHU is the
US's largest manufacture of semiconductor test-handling equipment. They
also make closed circuit TV equipment for surveillance, medical applications,
& industrial process controls; microwave radios, antenna systems, and
support equipment used to transmit telemetry, video, and audio signals; and
metal and leak detectors.</DIV>
<DIV> CCI at 43.375 is in a Short Term Up Trend Channel
(STUTC) with the top at 59 3/4 and the bottom at 41 7/8. It formed an all
time high double top just under 80 in April and again in July of this
year. Then it fell to a low of 28 1/2 on 10/8/98 which was just above the
bottom of a Long Term Up Trend Channel. From there it moved up to break
out of its Short Term Down Trend Channel and form its current STUTC. I got
a tema binary wave buy signal on 10/28/98. The fundamentals are still as
good as they were a few weeks ago and the price is much better. I'll open
a long position Monday. I'll set my initial target at 69 just under the
old all time high and my stop just under the STUTC at 41 3/4.</DIV>
<DIV> COHU at 17.875 is also in a STUTC with the top at
23 and the bottom at 17 1/2. It hit it's all time high of 57 3/43 on
10/3/97 then fell to under 30 by the end of 1997. From there, it rose to a
high of 48.625 on 2/26/98 then went into a free fall to a low of 12 on
10/16/98. It recovered from there to break out of its Intermediate Term
Down Trend Channel (ITDTC) last month and form its current STUTC. The
fundamentals are good and improving with a price/sales of 0.81, ROE of 16.5%, no
debt, and sales growing at 10% during the last year. Earnings are down
from last year, but are still positive with the P/E is only 7.3. I'll open
a long position Monday with the initial target just under this years high at 48
and the stop just under the STUTC at 16 3/4.</DIV>
<DIV> I'll send CCI.GIF and COHU.GIF charts to everyone
on the chart email list. If you aren't on the list and want on, just
yell.</DIV>
<DIV> </DIV>
<DIV>JimG</DIV>
<DIV>----------------------------------------------------------</DIV>
<DIV>
<TABLE border=1 borderColor=#e94e00 cellPadding=2 cellSpacing=2 width=588>
<TBODY>
<TR>
<TD colSpan=7 height=21><B><FONT color=#000000 face=Arial size=2>
<P align=center>Open Positions</B></FONT></P></TD></TR>
<TR>
<TD height=21 width=14%>
<P></P></TD>
<TD height=21 width=14%><B><FONT color=#000000 face=Arial size=2>
<P align=center>Date</B></FONT></P></TD>
<TD height=21 width=14%><B><FONT color=#000000 face=Arial size=2>
<P align=center>Entry</B></FONT></P></TD>
<TD height=21 width=14%><B><FONT color=#000000 face=Arial size=2>
<P align=center>Target</B></FONT></P></TD>
<TD height=21 width=14%><B><FONT color=#000000 face=Arial size=2>
<P align=center>Stop</B></FONT></P></TD>
<TD height=21 width=14%><B><FONT color=#000000 face=Arial size=2>
<P align=center>Current</B></FONT></P></TD>
<TD height=21 width=17%><B><FONT color=#000000 face=Arial size=2>
<P align=center>%</B></FONT></P></TD></TR>
<TR>
<TD height=21 width=14%><B><FONT color=#000000 face=Arial size=2>
<P align=center>Symbol</B></FONT></P></TD>
<TD height=21 width=14%><B><FONT color=#000000 face=Arial size=2>
<P align=center>Opened</B></FONT></P></TD>
<TD height=21 width=14%><B><FONT color=#000000 face=Arial size=2>
<P align=center>Price</B></FONT></P></TD>
<TD height=21 width=14%><B><FONT color=#000000 face=Arial size=2>
<P align=center>Price</B></FONT></P></TD>
<TD height=21 width=14%><B><FONT color=#000000 face=Arial size=2>
<P align=center>Price</B></FONT></P></TD>
<TD height=21 width=14%><B><FONT color=#000000 face=Arial size=2>
<P align=center>Price</B></FONT></P></TD>
<TD height=21 width=17%><B><FONT color=#000000 face=Arial size=2>
<P align=center>Gain/Loss</B></FONT></P></TD></TR>
<TR>
<TD height=21 width=14%><B><FONT color=#000000 face=Arial size=2>
<P align=center>AOL</B></FONT></P></TD>
<TD height=21 width=14%><FONT color=#000000 face=Arial size=2>
<P align=center>10/09/98</FONT></P></TD>
<TD height=21 width=14%><FONT color=#000000 face=Arial size=2>
<P align=right>$89.50</FONT></P></TD>
<TD height=21 width=14%><FONT color=#000000 face=Arial size=2>
<P align=right>$167.00</FONT></P></TD>
<TD height=21 width=14%><FONT color=#000000 face=Arial size=2>
<P align=right>$138.75</FONT></P></TD>
<TD height=21 width=14%><FONT color=#000000 face=Arial size=2>
<P align=right>$140.00</FONT></P></TD>
<TD height=21 width=17%><FONT color=#000000 face=Arial size=2>
<P align=right>56.42%</FONT></P></TD></TR>
<TR>
<TD height=21 width=14%><B><FONT color=#000000 face=Arial size=2>
<P align=center>CY</B></FONT></P></TD>
<TD height=21 width=14%><FONT color=#000000 face=Arial size=2>
<P align=center>10/12/98</FONT></P></TD>
<TD height=21 width=14%><FONT color=#000000 face=Arial size=2>
<P align=right>$8.75</FONT></P></TD>
<TD height=21 width=14%><FONT color=#000000 face=Arial size=2>
<P align=right>$14.00</FONT></P></TD>
<TD height=21 width=14%><FONT color=#000000 face=Arial size=2>
<P align=right>$9.75</FONT></P></TD>
<TD height=21 width=14%><FONT color=#000000 face=Arial size=2>
<P align=right>$10.81</FONT></P></TD>
<TD height=21 width=17%><FONT color=#000000 face=Arial size=2>
<P align=right>23.58%</FONT></P></TD></TR>
<TR>
<TD height=21 width=14%><B><FONT color=#000000 face=Arial size=2>
<P align=center>DELL</B></FONT></P></TD>
<TD height=21 width=14%><FONT color=#000000 face=Arial size=2>
<P align=center>10/09/98</FONT></P></TD>
<TD height=21 width=14%><FONT color=#000000 face=Arial size=2>
<P align=right>$51.44</FONT></P></TD>
<TD colSpan=2 height=21 width=28%><B><FONT color=#000000 face=Arial
size=2>
<P align=left>Stopped 10/13/98</B></FONT></P></TD>
<TD height=21 width=14%><FONT color=#000000 face=Arial size=2>
<P align=right>$63.56</FONT></P></TD>
<TD height=21 width=17%><FONT color=#000000 face=Arial size=2>
<P align=right>23.57%</FONT></P></TD></TR>
<TR>
<TD height=21 width=14%><B><FONT color=#000000 face=Arial size=2>
<P align=center>EGGS</B></FONT></P></TD>
<TD height=21 width=14%><FONT color=#000000 face=Arial size=2>
<P align=center>09/28/98</FONT></P></TD>
<TD height=21 width=14%><FONT color=#000000 face=Arial size=2>
<P align=right>$8.38</FONT></P></TD>
<TD colSpan=2 height=21 width=28%><B><FONT color=#000000 face=Arial
size=2>
<P align=left>Hit Target 10/10/98</B></FONT></P></TD>
<TD height=21 width=14%><FONT color=#000000 face=Arial size=2>
<P align=right>$14.25</FONT></P></TD>
<TD height=21 width=17%><FONT color=#000000 face=Arial size=2>
<P align=right>70.15%</FONT></P></TD></TR>
<TR>
<TD height=21 width=14%><B><FONT color=#000000 face=Arial size=2>
<P align=center>IDTI</B></FONT></P></TD>
<TD height=21 width=14%><FONT color=#000000 face=Arial size=2>
<P align=center>11/09/98</FONT></P></TD>
<TD height=21 width=14%><FONT color=#000000 face=Arial size=2>
<P align=right>7 1/8</FONT></P></TD>
<TD height=21 width=14%><FONT color=#000000 face=Arial size=2>
<P align=right>$12.00</FONT></P></TD>
<TD height=21 width=14%><FONT color=#000000 face=Arial size=2>
<P align=right>$5.75</FONT></P></TD>
<TD height=21 width=14%><FONT color=#000000 face=Arial size=2>
<P align=right>$6.78</FONT></P></TD>
<TD height=21 width=17%><FONT color=#000000 face=Arial size=2>
<P align=right>-4.83%</FONT></P></TD></TR>
<TR>
<TD height=21 width=14%><B><FONT color=#000000 face=Arial size=2>
<P align=center>IOM</B></FONT></P></TD>
<TD height=21 width=14%><FONT color=#000000 face=Arial size=2>
<P align=center>11/02/98</FONT></P></TD>
<TD height=21 width=14%><FONT color=#000000 face=Arial size=2>
<P align=right>$5.50</FONT></P></TD>
<TD height=21 width=14%><FONT color=#000000 face=Arial size=2>
<P align=right>$12.00</FONT></P></TD>
<TD height=21 width=14%><FONT color=#000000 face=Arial size=2>
<P align=right>$5.75</FONT></P></TD>
<TD height=21 width=14%><FONT color=#000000 face=Arial size=2>
<P align=right>$7.38</FONT></P></TD>
<TD height=21 width=17%><FONT color=#000000 face=Arial size=2>
<P align=right>34.09%</FONT></P></TD></TR>
<TR>
<TD height=21 width=14%><B><FONT color=#000000 face=Arial size=2>
<P align=center>LU</B></FONT></P></TD>
<TD height=21 width=14%><FONT color=#000000 face=Arial size=2>
<P align=center>11/11/98</FONT></P></TD>
<TD height=21 width=14%><FONT color=#000000 face=Arial size=2>
<P align=right>$90.94</FONT></P></TD>
<TD colSpan=2 height=21 width=28%><B><FONT color=#000000 face=Arial
size=2>
<P align=left>Stopped 10/13/98</B></FONT></P></TD>
<TD height=21 width=14%><FONT color=#000000 face=Arial size=2>
<P align=right>$84.75</FONT></P></TD>
<TD height=21 width=17%><FONT color=#000000 face=Arial size=2>
<P align=right>-6.80%</FONT></P></TD></TR>
<TR>
<TD height=21 width=14%><B><FONT color=#000000 face=Arial size=2>
<P align=center>MSFT</B></FONT></P></TD>
<TD height=21 width=14%><FONT color=#000000 face=Arial size=2>
<P align=center>10/09/98</FONT></P></TD>
<TD height=21 width=14%><FONT color=#000000 face=Arial size=2>
<P align=right>$93.19</FONT></P></TD>
<TD height=21 width=14%><FONT color=#000000 face=Arial size=2>
<P align=right>$119.00</FONT></P></TD>
<TD height=21 width=14%><FONT color=#000000 face=Arial size=2>
<P align=right>$106.75</FONT></P></TD>
<TD height=21 width=14%><FONT color=#000000 face=Arial size=2>
<P align=right>$108.75</FONT></P></TD>
<TD height=21 width=17%><FONT color=#000000 face=Arial size=2>
<P align=right>16.70%</FONT></P></TD></TR>
<TR>
<TD height=21 width=14%><B><FONT color=#000000 face=Arial size=2>
<P align=center>NR</B></FONT></P></TD>
<TD height=21 width=14%><FONT color=#000000 face=Arial size=2>
<P align=center>10/05/98</FONT></P></TD>
<TD height=21 width=14%><FONT color=#000000 face=Arial size=2>
<P align=right>$7.13</FONT></P></TD>
<TD colSpan=2 height=21 width=28%><B><FONT color=#000000 face=Arial
size=2>
<P align=left>Stopped 10/10/98</B></FONT></P></TD>
<TD height=21 width=14%><FONT color=#000000 face=Arial size=2>
<P align=right>$8.63</FONT></P></TD>
<TD height=21 width=17%><FONT color=#000000 face=Arial size=2>
<P align=right>21.05%</FONT></P></TD></TR>
<TR>
<TD height=21 width=14%><B><FONT color=#000000 face=Arial size=2>
<P align=center>SCH</B></FONT></P></TD>
<TD height=21 width=14%><FONT color=#000000 face=Arial size=2>
<P align=center>11/02/98</FONT></P></TD>
<TD height=21 width=14%><FONT color=#000000 face=Arial size=2>
<P align=right>$49.88</FONT></P></TD>
<TD colSpan=2 height=21 width=28%><B><FONT color=#000000 face=Arial
size=2>
<P align=left>Stopped 10/11/98</B></FONT></P></TD>
<TD height=21 width=14%><FONT color=#000000 face=Arial size=2>
<P align=right>$51.75</FONT></P></TD>
<TD height=21 width=17%><FONT color=#000000 face=Arial size=2>
<P
align=right>3.76%</FONT></P></TD></TR></TBODY></TABLE> </DIV>
<DIV> </DIV></BODY></HTML>
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Message-ID: <000a01be102e$98550000$5c662599@xxxx>
From: "Jim Greening" <JimGinVA@xxxxxxxxxxxxx>
To: "Metastock" <metastock@xxxxxxxxxxxxx>
Subject: Stock Trading Building Blocks
Date: Sat, 14 Nov 1998 19:25:43 -0500
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All,
This may be slightly out of scope in that it is a larger topic
than just MetaStock charting and testing, although that's definitely a
good part of it. I thought it would be interesting to share our ideas
on the building blocks or elements of a complete stock trading
methodology.
I have tried to build my own trading system on what I think is a
logical set of building blocks. The elements of my trading system
follow:
1. A systematic method of narrowing the universe of stocks to a few
potential trading candidates that have certain characteristics that
have resulted in successful trades in the past. My searches or
filters use a combination of fundamental and technical criteria.
2. A market tracking mechanism that indicates when it is OK to enter
a position and whether that position should be long or short. I use
trend channels for this.
3. Tests and a methodology for making the final stock selection for
new positions.
4. A money management system that limits overall portfolio risk on
each new position and tells how large each position should be. I
won't risk more than 5% (usually 2 to 3%) of my portfolio on any one
position.
5. A method for setting stops and targets although targets are not
always required. Stops should be based on Technical Analysis rather
than an arbitrary percentage or point move. Stop placement tied back
to money management can affect position size. Again, I use trend
channels for this.
6. An exit strategy. Mine is simple, exit when a target or stop is
hit.
Does anyone have any comments on the above building blocks? Any
to add? Do you disagree with any? Is anyone interested into going
into details on each of the building blocks?
JimG
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