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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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