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Hi JimG
I wondered where you went. Looks like we're too early again. Oh well, the
last short went almost 40 points against us before it turned around.
Our buy today used our contrary that we modified a couple of years ago to
take the bull market bias into consideration. Looks like we'll have to
remove that bull market bias and return back to the old range. Anyway,
we're a dollar early and a day too soon.
Hope you did well while your main computer was in the shop. You could have
put a cheap NIC into your old PC and at least salvaged the high-speed
connection. We have 3 computers here all on my DSL connection.
Theoretically I should be able to come back up quickly. I'm going to
install my file server this weekend and use Norton Ghost 2000 to build an
image of my two disks, thereby giving me the ability to slip in a new
computer and bring it up quickly.
Good trading,
Guy
-----Original Message-----
From: owner-metastock@xxxxxxxxxxxxx [mailto:owner-metastock@xxxxxxxxxxxxx]On
Behalf Of Jim Greening
Sent: Friday, February 25, 2000 10:59 AM
To: Metastock
Subject: Re: Being a contrarian takes guts
Guy,
I'm glad to see that you are still here and posting your signals. Best
of luck and keepup the good work.
I've been off the list for a few weeks while my computer was in the
shop being fixed. The good news was that it was still under warranty and
replacing the mother board didn't cost me anything. The bad news was that
they had to ship it back to a repair facility and it took forever. I did
crank up my old computer with a telephone modem (left the cable modem card
in the new computer) to do my trading and partially keep up my web site, but
didn't try to download the Metastock list with my slow connection. I think
I'm back up to speed now and ready to participate again.
JimG
----- Original Message -----
From: "Guy Tann" <grt@xxxxxxxxxxxx>
To: "Metastock" <metastock@xxxxxxxxxxxxx>
Sent: Friday, February 25, 2000 6:52 AM
Subject: Being a contrarian takes guts
> List,
>
> Well I hate buying into this market, but we have to follow the system.
>
> We're reversing our short S&P positions this morning. We're long at
1351.25
> to 1351.75. The one good thing about being a contrarian is that when we
> reverse, we're usually opposite the market direction, so the fills are
> pretty good. Of course, with all of the market weakness, we might have
been
> better off waiting for a while, but that would be second guessing our
> system.
>
> Our short S&P @ 1417.25 closed out at 1351.75 (worst fill this morning)
for
> a profit of 65.75 points. For an e-mini contract, that's $3,275 less
$25.00
> commissions, fees, etc. (actually less than that) for a net profit of
> $3,250. On an initial margin requirement of $4,688, that figures out to
be
> a 69% net return in 22 days. Not a bad annual return if it would only
keep
> going. :)
>
> Anyway, that's our current positions. We haven't gone long the tech
stocks
> as of the opening, but will look at adding those around 7AM.
>
> Guy
>
>
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