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Kent
Don't feel too wet behind the ears. In the last umpteen years, every time I
go long I feel a nervous twinge. :) Don't want to give my age away, but I
was raised when a good multiple was 6 times earnings, and a company to be
valued at $30B had to have something of substance behind it as opposed to
being first on the net with no earnings and no assets.
I guess that's why I just stick with my system, and trade the S&P futures.
If I were buying individual stocks, I would probably have colitis or some
other horrible stomach or bowel inflammation. <VBG>
Regards,
Guy
Fax (630) 604-1589
-----Original Message-----
From: owner-metastock@xxxxxxxxxxxxx [mailto:owner-metastock@xxxxxxxxxxxxx]On
Behalf Of Kent Rollins
Sent: Friday, October 22, 1999 2:54 PM
To: metastock@xxxxxxxxxxxxx
Subject: Re: Shorting too soon!
Still one week left in October. Maybe that short will come thru. The
advance/decline line has been horrible in the last couple of months and we
still haven't had a capitulation sell-off in this downtrend. The VIX
dropped way back down again today indicating that it's business as usual out
there. I'm still wet behind the ears, but I can't see us moving up too
strongly under these conditions.
Kent
-----Original Message-----
From: Guy Tann <grt@xxxxxxxxxxxx>
To: Metastock <metastock@xxxxxxxxxxxxx>
Date: Saturday, October 23, 1999 4:02 AM
Subject: Shorting too soon!
To All:
Well, it looks like our sell signal was a little premature today, but we
reversed this morning and went short. Got to follow the signals, no matter
where they may take you when your system is running 88% profitable (1999).
This trade may be the one that gets us back to our historical 75% average.
:)
Anyway, this has happened before, where we jumped in, the market went
against us and then turned around in our favor. Maybe that'll happen again.
We are less invested on the short side, since my brother is off to visit my
dad and he does some stocks as well, while I manage the futures side. In
keeping with our money management rules, we maintained our cool and did not
fudge the numbers and increase our positions.
Anyway, whether we win or lose, I try to post every thing (even when we're
on the wrong side of a trade like today) to let you know what we're doing.
Regards,
Guy
Fax (630) 604-1589
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