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RE: Shorting too soon!



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JimG

Now the mystery is why our dad didn't get the sell signal until Friday as
opposed to Jimmy and I getting it on Thursday.  I'm having him print off his
last 10 days of input and send it to me so that I can check out which one of
us made the error.  Out IT system doesn't use the MD data directly, but is
entered by hand into our Clipper system.

This is one of the things I will be working on to correct.  It's rare, but
not uncommon for us to come up with different results, especially between
the Clipper program and MS.

Regards,

Guy
Fax (630) 604-1589

-----Original Message-----
From: owner-metastock@xxxxxxxxxxxxx [mailto:owner-metastock@xxxxxxxxxxxxx]On
Behalf Of Jim Greening
Sent: Saturday, October 23, 1999 12:44 PM
To: metastock@xxxxxxxxxxxxx
Subject: Re: Shorting too soon!

Guy,
     Best of luck!  My system seems to be setting up for a buy signal soon,
but it hasn't yet and I may be reading the tea leaves wrong.  Anyway, I
agree that if you are going to use a system, you have to follow it.  Once
you start second guessing, you are finished <G>.

JimG

----- Original Message -----
From: Guy Tann <grt@xxxxxxxxxxxx>
To: Metastock <metastock@xxxxxxxxxxxxx>
Sent: Friday, October 22, 1999 10:34 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
>
>