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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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