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Guy and all,
Don't pay any attention to the "non trading" idiots. Some folks actually
trade for themselves and others...what a concept. I bought the opening in
the Nasdaq-100 this morning. My momentum oscillators triggered a buy that
closed out two profitable short positions. As you know, I follow each of
the Nasdaq-100 companies. Last night I triggered six "5 star" buy signals.
The five stars are selections that meet two criteria. 1. The companies
have retraced to a point that they trigger my momentum oscillators and 2.
each "5 star" selection has demonstrated "trend performance" that is
stronger than 85-90% of similar stocks. Today's 5 star picks are (you can
look at the charts at my site):
AMCC
CTXS
CMVT
QLCC
SEBL
VRTS
I don't often trigger a "5 star" buy. Triggering buys in six quality
components supports the buy signal in the index.
Steve Karnish
Cedar Creek Trading
http://www.cedarcreektrading.com
----- Original essage -----
From: Guy Tann
To:
Sent: Thursday, March 16, 2000 12:32 AM
Subject: [OT] RE: Weekly Picks/Family Email
> List,
>
> I have no problem continuing my comments. I just didn't want to wear out
my
> welcome.
>
>
> 3/10 e-mail
>
> <<It looks like we have a new sell signal on the MS so that eliminates the
> buy for Monday. Interesting! I guess with the market action today, this
> just may turn out OK.>>
>
> We had a Buy signal for Monday, but it was cancelled.
>
>
> What a difference a day makes. :) Remember, we're short.
>
> 3/14 family e-mail
>
> <<Market is crashing big time. NASDAQ is down 175 points. I only shorted
> Triquent Semiconductor today at 110 and it is now trading at 97. Not a
bad
> x share trade. Should have shorted all the high EPS ones with low safety.
> That is the ticket with Value Line. Looks like the S&P is doing well also
> for us>>
>
> He took his Triquent profits and ran, by the way.
>
> You all know what happened today.
>
> Now, here's what he is using for his stock short sales. When we get a
sell
> signal for the S&P, in addition to shorting the DIA, SPY and the QQQ, he
is
> using the Value Line 5 (timeliness) and 5 lists to select stocks to short.
> He is now looking to pick those stocks with high earning multiples. So
far
> it's working quite well. He closed out his short stocks this morning, and
> has just the QQQ short.
>
> When we get a buy signal, he uses Value Line and selects from their 1
> (timeliness) and 1 (whatever, I can't remember) lists. Or in his own
words
> to my son, "When I get a buy signal, I buy the 20 stocks that they give a
1
> in Timeliness and are in the top 5 industries for that week. There are
> usually 30 to 40 to pick from. For the last 90 days, semiconductor
capital
> equipment and semiconductors have been the two hottest industries."
>
> Again, this letting Value Line come up with the recommendations seems to
be
> working very well.
>
> With regards to our short S&P future contracts, we're short at an average
of
> 1424.50 basis the June contracts. We've been way ahead on this trade,
then
> behind, then ahead and now just a little ahead. The market giveths and
> taketh away. :)
>
>
>
>
> -----Original Message-----
> From: owner-metastock@xxxxxxxxxxxxx
[mailto:owner-metastock@xxxxxxxxxxxxx]On
> Behalf Of M. Robb
> Sent: Wednesday, March 15, 2000 2:01 AM
> To: metastock@xxxxxxxxxxxxx
> Subject: Re: Weekly Picks/Family Email
>
> Jim and Guy have left before, and then returned. Perhaps they will again.
>
>
>
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