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Thanks Jan appreciate the scan(will attempt to construct scan tonite in
QuotesPlus.YOU are correct Get does show EW3.Thanks again!
rock
----- Original Message -----
From: Jan Robert Wolansky <jrwolansky@xxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: February 2, 1999 9:57 PM
Subject: Re: Weekly Pick
>ROCK, Advanced Get shows GMH to be in a wave 3 on daily chart
>
>The scan that I use (in Quotes Plus) is to find stocks that have: 1) hit
a 6
>month high for the close, low, and high over the last 21 days, 2) hit a 6
month
>high for either On Balance Volume or Chaikin's Volume Accumulation over
last 21
>days, 3) %k and %d for the Stochastics(89,3,5) is above 70 over the last
14
>trading days, 4) a 6 month high over last 21 trading days for the
difference
>between the 5 and 35 day simple moving average, 5) lows over last 21 days
are
>above 34 day exponential moving average, 6) stochrsi(8,8,5)<30 and less
than
>prior day's value, and 7) stochrsi(34,34,13)>60 or <40. I'm focusing on
large
>caps, so I require market capitalization to be > $1billion.
>
>Jan
>
>richard owen wrote:
>
>> Just curious JAN as to whether or not u see GWH as being in EW4 and
>> therefore waiting for the completion of EW4 BEFORE entering a
position.Also
>> could u share your scan which uncovered GWH
>> THANKS
>> ROCK
>> ----- Original Message -----
>> From: Jan Robert Wolansky <jrwolansky@xxxxxxxxxxx>
>> To: <metastock@xxxxxxxxxxxxx>
>> Sent: February 2, 1999 9:07 AM
>> Subject: Re: Weekly Pick
>>
>> >Hi Jim, I've been following your posts for some time. GMH came up in a
>> scan I
>> >ran last night--assuming it doesn't fall out of its trend channel today,
it
>> >should be a good pick tomorrow or day after. Your system that
identified
>> GMH
>> >seems quite good, but perhaps it needs to be tweeked alittle for its
entry
>> >point. At some point when we both have time, I'd like to compare notes,
>> since
>> >we are both coming up with similiar stocks, using different technical
>> >indicators.
>> >
>> >Regards, Jan Robert Wolansky
>> >
>> >Jim Greening wrote:
>> >
>> >> All
>> >> This was an interesting week in which I added AOL, AMZN, and ATHM
to
>> my
>> >> portfolio and was stopped out of AMZN and RDC. I hate to add a stock
and
>> >> delete it in the same week like AMZN, but I guess that's the way the
>> system
>> >> works and it has been successful for me. The good news is that my
>> portfolio
>> >> is up again for the week. As long as that continues to happen I won't
>> >> complain -- too much <G>.
>> >> January is over and so is my experiment with the small cap beaten
>> down
>> >> stocks for the January effect. The only one I have left in my
portfolio
>> is
>> >> MDM which is up a little over 20%. Along the way I closed COHU for a
11%
>> >> gain, ROW for a 10% loss, IDTI for a 6% loss, SDTI for a 80% gain, SIF
>> for a
>> >> 15% gain, SHRP for a 15% loss, and RDC for a 27% loss. That's not bad
>> >> overall, but we didn't have any of the triple digit gainers I was
looking
>> >> for. Looking at the indices, it still seems that the market is
favoring
>> the
>> >> large cap, solid earning, market leaders, so that's where I'll
>> concentrate
>> >> except for a few bottom fishing expeditions that I can't seem to
resist
>> <G>.
>> >> For example, I'm still watching the oil stocks for their long awaited
>> turn.
>> >> I'm still a little concerned about the way the DJI is acting, as
it
>> >> keeps falling below the bottom of its Short Term Up Trend Channel
(STUTC)
>> >> and then crawls back up into the channel only to fall through the
bottom
>> >> again. The result of this action is that it is paralleling the bottom
of
>> >> the channel up which isn't all that bad, but I would feel better if it
>> would
>> >> climb back into the channel and stay. To offset that we have the NASD
>> OTC
>> >> Index which keeps setting new all time highs. To me, that means I
should
>> >> continue to cautiously add long high tech momentum type plays.
However,
>> I
>> >> have enough Internet exposure and wanted to look into some other high
>> tech
>> >> areas this week. I think that I've done that by finding Hughs
>> Electronics
>> >> Corp (GMH).
>> >> Hughes Electronics' operations are overflowing with space. This
>> >> publicly traded commercial electronics unit of General Motors (GM) is
>> >> charting the heavens to establish itself as the market leader of the
>> >> commercial satellite services industry. It has made almost 40% of the
>> >> world's commercial satellites currently in operation, transmitting
>> >> everything from telephone calls and video conferences to TV news
reports
>> and
>> >> TV programming. Its subsidiary DIRECTV is the largest satellite-TV
>> >> broadcaster in the US, offering more than 185 channels of programming
to
>> >> more than 3.6 million customers. Its equipment arm is a top supplier
of
>> >> wireless phone networks and cellular mobile systems. It also owns 81%
of
>> >> PanAmSat, a 17-satellite (with six more expected by late 1999) global
>> >> network and supplier of satellite-based business networks, and is
>> developing
>> >> SPACEWAY, a global geostationary spacecraft system providing business
and
>> >> consumer telecommunications services. It has been divesting its other
>> >> electronics interests to focus on communications.
>> >> GMH at 49 1/4 is in a well defined STUTC. I constructed the
STUTC
>> from
>> >> the 12/18/98 low to the 1/18/98 high using the MetaStock Standard
>> Deviation
>> >> channel. The top with the deviation set at 2 is 57 1/8, the bottom
with
>> the
>> >> deviation set at 1 is 48.92. GMH made an all time high of 57.88 on
>> 5/13/88
>> >> and then went into an intermediate term down trend to a low of 30.38
on
>> >> 10/08/98. From there it recovered and pulled back again to the
12/18/98
>> low
>> >> then moved steadily up and broke out of the down trend channel on
>> 12/31/98.
>> >> It then went on up to define the current STUTC. The Tema Binary wave
and
>> >> Qstick are both positive and rising with the Binary Wave making an
>> >> especially strong showing. The fundamentals are OK with the price
/sales
>> a
>> >> little high at 8.97, and debt/equity great at 0.09. It's sales and
>> earnings
>> >> have been negative as it shed its other businesses, but the recent
strong
>> up
>> >> move suggests that most of that is behind it and the decks should be
>> cleared
>> >> for new growth. I'll open a position some time Monday. I'll set my
>> initial
>> >> target just under the top of the STUTC at 57 and my stop just under
the
>> >> bottom of the STUTC at 48 3/4.
>> >> I'll send a GMH.GIF chart to everyone on my email chart list.
>> >>
>> >> JimG
>> >
>> >
>> >
>> >
>> >
>> >
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