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<p class=MsoNormal><span class=EmailStyle15><font size=2 color=navy face=Arial><span
style='font-size:10.0pt;mso-bidi-font-size:12.0pt;font-family:Arial'>Jim<o:p></o:p></span></font></span></p>
<p class=MsoNormal><span class=EmailStyle15><font size=2 color=navy face=Arial><span
style='font-size:10.0pt;mso-bidi-font-size:12.0pt;font-family:Arial'><![if !supportEmptyParas]> <![endif]><o:p></o:p></span></font></span></p>
<p class=MsoNormal><span class=EmailStyle15><font size=2 color=navy face=Arial><span
style='font-size:10.0pt;mso-bidi-font-size:12.0pt;font-family:Arial'>That was a
couple of trades ago, I think.<span style="mso-spacerun: yes">
</span>Send me your e-mail address and I’ll try to dig it up.<span
style="mso-spacerun: yes"> </span>Since that trade, we were short and
then long on 6-12 and short as of this morning, I believe.<o:p></o:p></span></font></span></p>
<p class=MsoNormal><span class=EmailStyle15><font size=2 color=navy face=Arial><span
style='font-size:10.0pt;mso-bidi-font-size:12.0pt;font-family:Arial'><![if !supportEmptyParas]> <![endif]><o:p></o:p></span></font></span></p>
<p class=MsoAutoSig><!--[if supportFields]><span class=EmailStyle15><font
size=2 color=navy face=Arial><span style='font-size:10.0pt;mso-bidi-font-size:
12.0pt;font-family:Arial'><span style='mso-element:field-begin'></span><span
style="mso-spacerun: yes"> </span>AUTOTEXTLIST \s "E-mail
Signature" <span style='mso-element:field-separator'></span></span></font></span><![endif]--><font
color=navy><span style='color:navy'>Guy</span></font><font color=navy><span
style='color:navy;mso-color-alt:windowtext'><o:p></o:p></span></font></p>
<p class=MsoAutoSig><font size=3 color=navy face="Times New Roman"><span
style='font-size:12.0pt;color:navy'><![if !supportEmptyParas]> <![endif]></span></font><font
color=navy><span style='color:navy;mso-color-alt:windowtext'><o:p></o:p></span></font></p>
<p class=MsoAutoSig><font size=3 color=navy face="Times New Roman"><span
style='font-size:12.0pt;color:navy'>Paranoia...you only have to be right once
to make it all worthwhile!</span></font><font color=navy><span
style='color:navy;mso-color-alt:windowtext'><o:p></o:p></span></font></p>
<p class=MsoNormal><!--[if supportFields]><span class=EmailStyle15><font
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class=EmailStyle15><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;mso-bidi-font-size:12.0pt;font-family:Arial'><![if !supportEmptyParas]> <![endif]><o:p></o:p></span></font></span></p>
<p class=MsoNormal style='margin-left:.5in'><font size=2 color=black
face=Tahoma><span style='font-size:10.0pt;font-family:Tahoma;color:black'>-----Original
Message-----<br>
<b><span style='font-weight:bold'>From:</span></b>
owner-metastock@xxxxxxxxxxxxx [mailto:owner-metastock@xxxxxxxxxxxxx]<b><span
style='font-weight:bold'>On Behalf Of </span></b>Jim<br>
<b><span style='font-weight:bold'>Sent:</span></b> Tuesday, June 20, 2000 7:34
AM<br>
<b><span style='font-weight:bold'>To:</span></b> metastock@xxxxxxxxxxxxx<br>
<b><span style='font-weight:bold'>Subject:</span></b> Re: Picking our stocks</span></font></p>
<p class=MsoNormal style='margin-left:.5in'><font size=3 face="Times New Roman"><span
style='font-size:12.0pt'><![if !supportEmptyParas]> <![endif]><o:p></o:p></span></font></p>
<p class=MsoNormal style='margin-left:.5in'><font size=3 color=black
face="Times New Roman"><span style='font-size:12.0pt;color:black'>please send
me a belated list of your stocks..with 2 weeks of data....that is a good start
to back test..thanks....<br>
<br>
At 06:31 PM 6/1/00 -0700, you wrote:<br style='mso-special-character:line-break'>
<![if !supportLineBreakNewLine]><br style='mso-special-character:line-break'>
<![endif]></span></font><font color=black><span style='color:black;mso-color-alt:
windowtext'><o:p></o:p></span></font></p>
<p class=MsoNormal style='margin-right:.5in;mso-margin-top-alt:auto;mso-margin-bottom-alt:
auto;margin-left:1.0in'><font size=3 color=black face="Times New Roman"><span
style='font-size:12.0pt;color:black'>Yes - Please send the sheets<br>
Thank you<br>
Bob<br>
----- Original Message -----<br>
From: "Guy Tann" <grt@xxxxxxxxxxxx><br>
To: "Metastock User Group" <metastock-list@xxxxxxxxxxxxx><br>
Sent: Thursday, June 01, 2000 11:59 AM<br>
Subject: Picking our stocks<br>
<br>
<br>
> List,<br>
><br>
> If anyone is interested, I have an Excel spreadsheet that I put together<br>
> with 3 pages. The first page lists those 13 stocks we selected out
of the<br>
> original 55 gleaned from ValueLine. The second page is a quick
analysis<br>
of<br>
> what would have happened if we had bought all 55 of the list, and the<br>
third<br>
> page shows our breakout of 25 stocks from the original 55 using one of our<br>
> programs to determine over-bought or over-sold conditions. These 25<br>
stocks<br>
> were, according to our system, ready to be bought.<br>
><br>
> If anybody is interested, I can send them a copy, but didn't want to just<br>
> throw it out on the list.<br>
><br>
> Our stock selection technique is as follows:<br>
><br>
> 1) Friday night, we go out on the ValueLine web site and go down to their<br>
> stock pages. We select those stocks that have a 1 in timeliness, and
a 1<br>
or<br>
> 2 in whatever the second column is to the right of timeliness. We
look<br>
for<br>
> a beta > 1.25. I think we snuck INTC in as well. This is
our preliminary<br>
> cut. This gave us a list of 55 different stocks. We try to
stick with<br>
the<br>
> top performing industries.<br>
> 2) In the next step we apply one of our trading programs to each stock, to<br>
> determine whether or not our program indicates that the stock was<br>
over-sold.<br>
> If it was over-sold, we added the stock to our next list. This
reduced<br>
the<br>
> actual number of stocks from 55 to 25, I believe.<br>
> 3) Theoretically, we could have bought all 25. Finally, we go
through the<br>
> list by hand on a conference call and arbitrarily select between 10 and 15<br>
> stocks that we buy on the next day's open. We haven't spent any time
on<br>
> this step yet, and through dumb luck have managed to do fairly well with<br>
our<br>
> portfolio.<br>
><br>
> I have to give my brother for designing this approach. We will be<br>
spending<br>
> more time on step 3 as well as working on modifying the procedure for the<br>
> short side. Right now my brother is a little nervous selling stocks<br>
short.<br>
> You would think that after trading futures both ways for 40 years, he<br>
> wouldn't have that problem.<br>
><br>
> Anyway, we went with 13 original stocks on Tuesday's open and added 4 more<br>
> this morning. Based on my preliminary calculations we are a little
ahead<br>
> with our own portfolio as opposed to buying all 25 stock, but not by much.<br>
><br>
> We are in the process of going back and entering the OB/OS indicator in<br>
this<br>
> spreadsheet to do some more work on Step 2 and Step 3, above.<br>
><br>
> By the way, purchasing even 100 shares of each of these 55 stocks stressed<br>
> out each of our margin accounts, but we could have done it with a little<br>
to<br>
> spare.<br>
><br>
> Guy<br>
><br>
> Paranoia...you only have to be right once to make it all worthwhile!<br>
><br>
><br>
></span></font><font color=black><span style='color:black;mso-color-alt:
windowtext'><o:p></o:p></span></font></p>
<p class=MsoNormal style='margin-left:.5in'><font size=3 color=black
face="Times New Roman"><span style='font-size:12.0pt;color:black'><br>
Jim....Atlanta, GA </span></font><font color=black><span style='color:black;
mso-color-alt:windowtext'><o:p></o:p></span></font></p>
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</x-html>From ???@??? Tue Jun 20 12:22:52 2000
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From: "Guy Tann" <grt@xxxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Subject: RE: Going short
Date: Tue, 20 Jun 2000 10:34:49 -0700
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Status:
Al,
Our system doesn't work that way. If you're trading on breakout, then this
approach might be applicable, but since our signal tends to pick inflection
points (bottoms and tops) as well as short-term directional changes, we have
found, over the years, that we should never, ever chase the market. We only
add to positions if it appears that we're in the trade early and the trade
went against us.
When we started trading and were using graphs, point and figure, etc. we
used to follow the old dictum of letting profits ride and cut losses short.
Over the years, in the development of our existing methodology, we find that
we're better off executing our trades on the Open, using no stops and not
adding to positions. If, in fact, we're trading with our Intermediate Term
Signal, and the market goes against us, we will occasionally add to our
positions. Generally, we just wait for the next trade. Trades are like
elevators with out system. There'll be another one along any day.
Since I was a little under the weather last night and this morning, I
probably didn't complete my explanation of why we were taking lite
positions.
This sell signal was a sell against our Intermediate Term Signals that are
still long. We get a little nervous trading against these signals even
though we still maintain our 75+% average of profitable trades. It's
probably psychological. Now my brother, this morning, changed his mind and
shorted the S&P futures up to our normal amount. I, on the other hand, just
shorted half of what I should have, but that was probably because I didn't
feel good and wanted to get back to bed.
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 Al Taglavore
Sent: Tuesday, June 20, 2000 8:38 AM
To: metastock@xxxxxxxxxxxxx; Metastock User Group
Subject: Re: Going short
Guy,
Does your methodology not provide a level for adding to the "correct"
position? It would seem that if the market has proved you right, then
adding weight to the position would be a low risk opportunity.
Al Taglavore
----------
snip-snip-snip---
You wrote:
".... Being chickens, we have taken lite positions (about 40% invested
short in
> equities and 50% short in futures). If it goes against us, we will add
to
> our shorts. If we're right, we'll just take out less money....."
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