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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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