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Jim
Put me down as preferring your html format :)
Guy
> -----Original Message-----
> From: owner-metastock@xxxxxxxxxxxxx
> [mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Jim Greening
> Sent: Saturday, December 26, 1998 10:31 AM
> To: Metastock
> Subject: Weekly Pick
>
>
> All,
> Another great week for my portfolio as it continued its climb
> into new all time high territory, even if I was stopped out of ROW
> Wednesday. Speaking of stops, I have been including my stop and
> target listing at the bottom of the weekly pick message. To do that
> easily I switched from plain text to HTML format so I could just copy
> my Excel file to this message. I have received some complaints about
> sending HTML files, so this week I'm experimenting with copy the Excel
> text to a text file an seeing how much manual formatting I have to do.
> If I can do this easily, I'll continue. If not, I'll just drop that
> chart from my postings.
> Since I did close out ROW I do have cash for another position. This
> week I'm going to take another try at EggHead.Com (EGGS). As I
> said when I
> closed out EGGS the last time it hit my stop, I'm going to watch it for a
> re-entry point since I still think it will test the 40 high again soon.
> Hopefully, it's not wishful thinking, but I do think EGGS is starting
> another up trend <G>.
> EGGS at 23.75 does look like it has started another Short
> Term Up Trend
> Channel (STUTC). The STUTC was formed after EGGS dropped from
> its Nov98 40
> 1/4 high to an early Dec 15 1/4 low just above the top of the old
> Short Term
> Down Trend Channel (STDTC) it broke out of on its run to the 40 1/4 high.
> It's not unusual for the tops of old channels that have been broken to act
> as support during pullbacks. After the 15 1/4 low, EGGS had a short
> sideways Horizontal Channel (HC) which it broke out of this week giving a
> Trader Vic type buy signal. I constructed the new STUTC from the 12/11/98
> low just before the HC breakout to Thursday's close. I'll use the 22 1/4
> bottom of the STUTC with the Deviation set at 1 for my stop.
> RSquared looks
> like it is about to turn up to signal the start of another trend.
> Tema S/C
> and MFI are both positive so the trend should be up. I won't repeat the
> fundamentals since I just gave them not long ago and they are typical of
> Internet fundamentals with growing revenues, but no earnings yet.
> I'll open
> a position sometime Monday. My stop will be just under the bottom of the
> STUTC at 21 3/4. My target will be just under the old high at 40.
>
> JimG.
> ----------------------------------
> Open Positions
>
>
> Date Entry Target Stop Current %
> Symbol Opened Price Price Price Price Gain/Loss
>
> AOL 10/09/98 $44.75 $154.00 $91.75 $136.63 205.31%
> BS 12/21/98 $7.75 $12.00 $6.75 $8.13 4.84%
> IDTI 12/21/98 $6.50 $10.00 $4.75 $6.44 -0.95%
> MDM 11/23/98 $4.42 $12.00 $3.75 $4.94 11.80%
> MSFT 10/09/98 $93.19 $166.00 $125.75 $141.75 52.11%
> RDC 12/17/98 $11.81 $15.00 $8.75 $10.19 -13.75%
> SDTI 12/07/98 $16.19 $30.00 $16.75 $21.88 35.14%
> SIF 12/21/98 $12.63 $17.00 $10.75 $12.88 1.98%
>
> Positions Closed During Week
>
> ROW 12/14/98 $11.50 Stopped 12/24/98 $10.38 -9.78%
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