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Re: latest family e-mail



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Guy,
     Yes, but I'm running scared and your not <G>.

JimG

----- Original Message -----
From: "Guy Tann" <grt@xxxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Tuesday, March 07, 2000 4:58 PM
Subject: RE: latest family e-mail


> JimG
>
> The longer I trade, the more I learn.
>
> With your methodology for selecting stocks and setting stops, even in a
down
> market, you have demonstrated the ability to make a silk purse out of a
> sow's ear. :)
>
> This is why it's such a great business.  We can both be right!
>
> Guy
>
>
> -----Original Message-----
> From: owner-metastock@xxxxxxxxxxxxx
[mailto:owner-metastock@xxxxxxxxxxxxx]On
> Behalf Of Jim Greening
> Sent: Tuesday, March 07, 2000 5:03 PM
> To: metastock@xxxxxxxxxxxxx
> Subject: Re: latest family e-mail
>
> Guy,
>       It sure looks like you made a great call this time.  As you said,
it's
> easy to understand how you're making money on this go around, but I'm
amazed
> that I'm still doing great on the long side with ARBA, CMRC, and QLGC and
> not bad with BBH, JDSU, and SDL.  However, I am running scared and
> tightening my stops every night <G>.
>
> JimG
>
> ----- Original Message -----
> From: "Guy Tann" <grt@xxxxxxxxxxxx>
> To: "Metastock" <metastock@xxxxxxxxxxxxx>
> Sent: Monday, March 06, 2000 8:09 PM
> Subject: latest family e-mail
>
>
> > List,
> >
> > Here's our latest market e-mail to the family with a spreadsheet showing
> all
> > trades since we started sending this message out (October 11, 1999) to
> > family and a few associates of my brother (involved in his startup or
> other
> > business deals).  What's interesting is that we can short the S&P
futures,
> > the DIA, SPY and the QQQ and make money on all of these positions, while
> > traders working with particular stocks can still make money while
trading
> > opposite our position.  Right, JimG?
> >
> > Even though our initial margin is $4,688 per contract (for one S&P mini
> > contract), we maintain a balance of $14,064 per contract.  We do this to
> > limit our Risk of Ruin to 0% as opposed to the 100% we used to run (and
> > proved right too many times).  In order to calculate our "real" return,
> you
> > would have to assume an investment of $14,064 instead of $4,688.  This
> would
> > give you a net return of 119% since October 11, 1999 (approximately 5
> > months).  Again, this calculates out to be a 285.6% annual return on
> > investment, which isn't too shabby considering you have 2/3 of your
money
> > tied up in TBills.  You should also add in any interest income on the
> > approximately $10,000 in excess margin in your account.  I have decided
to
> > drop this from our calculations and consider it just gravy.
> >
> > Depending upon your own personal aversion to risk, you could
substantially
> > increase your annual return by reducing the balance you maintain per
> > contract.  We have chosen to err on the side of caution and to maintain
a
> 0%
> > Risk of Ruin for our personal trading.
> >
> > Guy
> >
> >
> >
>
>