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JimG
The word from the mount yesterday, was to mortgage the house. He feels this
is an excellent buying opportunity. IMHO, I'm holding a pretty substantial
paper loss on this trade and have just added a few more small positions
(CISCO options today). We'll see what happens.
Guy
Never be afraid to try something new. Remember, amateurs built the ark,
professionals built the Titanic.
-----Original Message-----
From: owner-metastock@xxxxxxxxxxxxx [mailto:owner-metastock@xxxxxxxxxxxxx]On
Behalf Of Jim Greening
Sent: Tuesday, August 01, 2000 6:04 PM
To: metastock@xxxxxxxxxxxxx
Subject: Re: Still long
Guy,
Sure hope you're right. I'm down to 40% long and the rest cash. Also,
several of the market indicators I watch broke through the bottom of their
up trend channels, so I won't add any new long positions until they start to
break out of their new down trend channels. In the mean time, I'm
tightening the stocks on the positions I still have and watching for long
candidates for when I do get the buy signal. I really expect it to happen
within the next couple of weeks so maybe you will catch the turn here.
JimG
----- Original Message -----
From: "Guy Tann" <grt@xxxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Friday, July 28, 2000 6:48 PM
Subject: RE: Still long
> JimG,
>
> What a week! Wish we were still short, but you take the good with the
bad.
> :(
>
> Anyway, we have finally got our double Buy Signal (SIG/700), so we will be
> adding to our long positions on Monday. We'll be buying more options.
I've
> been reprogramming everything using variables and replacing all of the DOS
> format indicators.
>
> So far, that's going well. Now, I have to look at the Ref(xxx,-y)
function.
> It seems to be working, but is slower than dog poop! I'm not sure
> everything is programmed correctly yet, so I'm going to go through and
start
> printing out intermediate results in Clipper and checking them in MS.
Seems
> that's what I always have to do, but it takes a while switching back and
> forth, especially since I'm using two different databases. Maybe I'll
crank
> up TAS and see if it still works with my MS database.
>
> Talk to you later. We're on our way to the Country Club for dinner. The
> market was so bad today, I took the little guy to the beach for boogie
> boarding. My brother played golf with his brother-in-law. When the
market
> really goes against you, don't watch. That's our motto. :)
>
> Talk to you later.
>
> Guy
>
> Never be afraid to try something new. Remember, amateurs built the ark,
> professionals built the Titanic.
>
> -----Original Message-----
> From: owner-metastock@xxxxxxxxxxxxx
[mailto:owner-metastock@xxxxxxxxxxxxx]On
> Behalf Of Jim Greening
> Sent: Thursday, July 27, 2000 6:24 PM
> To: metastock@xxxxxxxxxxxxx
> Subject: Re: Still long
>
> Guy,
> Sounds like you've really been busy reprogramming your system on
> Metastock. I know what you mean about being nervous. I was stopped out
of
> QLGC today. That leaves me only about 40% invested with positions in only
> ARBA and JDSU. I do have buy stops in on both AZA and CSCO but they
haven't
> been yet. I'm going to take a long look at the charts this week end. If
we
> don't get an up move tomorrow, there's a good chance I'll go to all cash
and
> watch for a while.
> For what it's worth, I agree with your decision on cutting back on
the
> number of stocks for your long position. I'd much rather own many more
> shares in fewer positions, but then I place a lot of emphasis on picking
> stocks, not timing the market.
>
> JimG
>
> ----- Original Message -----
> From: "Guy Tann" <grt@xxxxxxxxxxxx>
> To: <metastock@xxxxxxxxxxxxx>
> Sent: Tuesday, July 25, 2000 11:04 PM
> Subject: RE: Still long
>
>
> > JimG,
> >
> > We're just a little nervous here. With our longer term stuff still
> bearish
> > and the Shorter and Intermediate term stuff being bullish, we thought
that
> > we'd wait for some more agreement between systems. :) The problem is,
> both
> > of these two systems have been working quite well.
> >
> > I'm about 25% invested in equities right now (including available
margin)
> > and our normal 33% in futures (keeping in mind that we completely
separate
> > these accounts).
> >
> > We had a buy in PEB as well, but thought of doing it with options to
limit
> > the risk to our investment. We then looked at it a second time and
> decided
> > to pass. We've done quite well in IMNX this past quarter.
> >
> > We're now looking at changing our trading pattern and buying and selling
> > fewer stocks while increasing the number of shares to 800 or 1,000 per
> > trade. We can trade up to 4 or 5k shares for $14.95 as opposed to 200
for
> > $14.95. I'm sure there is a tradeoff between building our own mini-fund
> and
> > fewer stocks, but we'll watch this closely.
> >
> > I think we're going to restructure our trading portfolio. We'll leave
> > whatever we have in futures alone, since that is doing so well. Of the
> > equity account, we're thinking of taking about 25-33% and trading our
> longer
> > term options system (sig & 700) and doing that separate from the rest
> which
> > we'll keep trying to refine. We are getting a little better; not much,
> but
> > a little. :)
> >
> > With regard to your traveling, I have to go home next month to visit the
> > guru for a few day as my parents are getting up there in years and I
need
> to
> > get back periodically. My brother makes it about every 3 or 4 months.
> > Since all of my health problems, I've only been back once in the last
4-5
> > years. Oh well, got to make reservations, but just getting there via
> > Northworst Airlines is a real treat. Sort of like Greyhound of the Sky.
> I
> > hate that airline. I'm going to check out flying via Dallas, since we
> have
> > friends who moved there that we haven't seen for a while.
> >
> > I still have 250,000 miles in my United account, not counting
Northworst,
> > Delta, TWA and others. I think that next year, we'll buy tickets for
the
> 3
> > of us to Australia and upgrade them to First Class and wipe out the
> balance.
> >
> > Off to bed. I've been reprogramming all of our indicators using
variables
> > and the new syntax and I have to say that the speed has dramatically
> > improved. What used to take 2 to 3 minutes in earlier MS versions,
> > decreased to 30-40 seconds in v6.5.2, has dropped again to less than 2
> > seconds in v7.01 (I still need to add one more indicator, but even if
you
> > double the time to 4 seconds, it's pretty good, if I do say so myself.
> For
> > what we do, Equis has done an excellent job. Remember, I'm still
running
> a
> > PII-400 with 196MB (the slowest computer in the house). With all of the
> new
> > features, it looks like we'll be able to use System Tester for the first
> > time in 10 or 15 years. Following that, we're going to check out
> "experts"
> > and build one.
> >
> > Guy
> >
> > Paranoia...you only have to be right once to make it all worthwhile!
> >
> > -----Original Message-----
> > From: owner-metastock@xxxxxxxxxxxxx
> [mailto:owner-metastock@xxxxxxxxxxxxx]On
> > Behalf Of Jim Greening
> > Sent: Tuesday, July 25, 2000 5:09 PM
> > To: metastock@xxxxxxxxxxxxx
> > Subject: Re: Still long
> >
> > Guy,
> > Let me know when you jump in all the way <G>. I don't know what
I'm
> > doing traveling this much, as you said, I'm too old for it. It just
> seemed
> > to start all at once, now I can't turn it off. Hopefully, I'll be home
> for
> > a while now.
> > I was stopped out of PEB and IMNX today, but I'm going to look for
> > replacements tonight.
> >
> > JimG
> >
> > ----- Original Message -----
> > From: "Guy Tann" <grt@xxxxxxxxxxxx>
> > To: <metastock@xxxxxxxxxxxxx>
> > Sent: Monday, July 24, 2000 10:39 PM
> > Subject: RE: Still long
> >
> >
> > > JimG,
> > >
> > > I actually only put my toe into the pool on Friday, investing a total
of
> > 7%
> > > of my portfolio. I bought some more today, so that I'm about half
> > invested.
> > > We got another buy signal for tomorrow, and they now include both of
our
> > > ITS. Now the big question is, do I have the cajones to buy some more?
> > >
> > > Now, you have to remember our NEW option trading system is still
> bearish.
> > > Wish I had kept those Puts, etc.
> > >
> > > I have to apologize to everyone, but the results I posted from the
> SIG/700
> > > are not option results. These are the results comparing our existing
> > system
> > > (SP39 plus either ggg or 66R as our ITS confirming) with a revised
> system
> > > (SP39 combined with the ggg, 66R, SIG or 700 whichever comes first).
> > That's
> > > anyone of the four confirming the SP39 signal. We're still writing
the
> > > rules up for this one and are not trading it (yet).
> > >
> > > I'll have to dig out the SIG/700 option paper trading results, but
> they're
> > a
> > > little spotty. As I recall, it was 100% correct in 1997, 51% correct
in
> > > 1998, 100% correct in 1999 and 100% so far this year. Have no idea
what
> > > happened in 1998 that would screw up this perfect system. :)
Actually,
> > I'm
> > > happy with some losers, since any system that runs 100% correct is
> highly
> > > suspect, at least to me. I have absolutely no idea why all of the
> losers
> > > would come in one particular year.
> > >
> > > What are you doing traveling? I thought that people our age weren't
> > allowed
> > > to do that anymore.
> > >
> > > Guy
> > >
> > > Paranoia...you only have to be right once to make it all worthwhile!
> > >
> > > -----Original Message-----
> > > From: owner-metastock@xxxxxxxxxxxxx
> > [mailto:owner-metastock@xxxxxxxxxxxxx]On
> > > Behalf Of Jim Greening
> > > Sent: Monday, July 24, 2000 5:31 PM
> > > To: metastock@xxxxxxxxxxxxx
> > > Subject: Re: Still long
> > >
> > > Guy,
> > > I just returned from my latest business trip only to see that you
> are
> > > going long again. Hope you're right since I'm still long <G>.
> > >
> > > JimG
> > >
> > > ----- Original Message -----
> > > From: "Guy Tann" <grt@xxxxxxxxxxxx>
> > > To: "Metastock User Group" <metastock-list@xxxxxxxxxxxxx>
> > > Sent: Sunday, July 23, 2000 11:45 PM
> > > Subject: Still long
> > >
> > >
> > > > List,
> > > >
> > > > Well, we appear to be early again, but we're buying even more
tomorrow
> > > (but
> > > > not on the open).
> > > >
> > > > We're trying to buy those Value Line recommendations that appear to
> have
> > a
> > > > breakout type chart pattern (at least to us) as opposed to buying
> > equities
> > > > that don't seem to have a strong chart pattern. I used my DataLInk
> Data
> > > on
> > > > Demand for this and it appeared to work without a problem.
> > > >
> > > > The stocks I'm looking to buy tomorrow are:
> > > >
> > > > NTAP
> > > > PMCS
> > > > LLTC
> > > > GLW
> > > > EMC
> > > > NT
> > > > SFA
> > > > ADBE?
> > > >
> > > > I think there was another one on the list but I'll have to get it
from
> > my
> > > > brother in the AM. We don't think we'll be adding anything on the
> open.
> > > > The guru thinks the market may go down to noon (EDT) and then
> > turnaround,
> > > so
> > > > we'll probably go with his instinct. If I'm driving the car pool,
> then
> > I
> > > > won't get back until 12:30 EDT, so I'll be playing it by ear.
> > > >
> > > > I'm also looking at adding some more options, but my brother and I
are
> > > > seriously looking at trading options using this new system my dad
> > > developed
> > > > (he calls it sig and 700 and don't ask me where he comes up with
some
> of
> > > his
> > > > names). We've found that when both signals are in agreement, and
come
> > on
> > > > the same day, we can buy or sell options quite successfully. Here
are
> > the
> > > > results from our paper trading and executing at the open (using S&P
> > > futures
> > > > and not option data for testing purposes):
> > > >
> > > > SIG/700 OLD
> > > > 1997 33/35 94.2% +780 pts 92% +731 pts
> > > > 1998 26/32 81% +893 pts 22/26 84% +762 pts
> > > > 1999 22/24 91% +808 20/24 83% +638
> > > > 2000 16/21 76% +717 pts
> > > >
> > > > Remember, these are all paper trades and the system does have some
> > > > substantial draw downs, which is why we would prefer not to trade
real
> > > > futures with unlimited downside potential. With options, we have
> > > definitely
> > > > limited our exposure. We'll be doing a lot more work on this before
> we
> > > > start to trade real money. In fact, with this system, we should
still
> > > have
> > > > out Puts that we closed out too early Friday morning. Because of
> this,
> > I
> > > > limited myself to only 10 OEX Calls going in the direction of our
> > regular
> > > > trade.
> > > >
> > > > We may end up trading options strictly on the basis of this SIG/700
> but
> > > > nothing has been finalized. If I still had my Puts and those Calls
I
> > > sold,
> > > > I'd probably keep them. Since I don't I'll wait for the next signal
> to
> > > take
> > > > a position.
> > > >
> > > > Guy
> > > >
> > > > Paranoia...you only have to be right once to make it all worthwhile!
> > > >
> > > >
> > >
> > >
> >
> >
>
>
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