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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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