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List,
Well, here is the latest report of our stock buys so far and I have to say
that I (that's me and not my brother) really didn't add anything to this
process with my insight in selecting those stocks that had a big down-day
before our buy signal..
Our two theoretical portfolios are doing MUCH better than our real one.
Here are the results after day 2 of this buy signal. If you remember
yesterday's post, Our actual trades was doing a lot better than our SP39
selections. Today, that's been reversed. A hero yesterday and a dunce
today. :)
All 35 ValueLine stocks +1.95%
Our original Picks using SP39 +1.78%
Our actual trades + .01%
I guess I should have left well enough alone and stayed with our original
stock picks using our SP39 indicator. Better yet, just stayed with the
ValueLine picks. Our stocks got trashed today with the rest of the
technology group. At least we're still ahead. $339.00 Wow! And that's
after commissions.
My options closed at 44, so they held up quite well today (OEX100 Jul 2000
760 calls OEZGL)
Our S&P futures positions made a few bucks as well.
I guess that's one of the problems of trying to trade stocks using our S&P
signals. They work well with the S&P and the OEX, but applying them to the
NASDAQ is sort of iffy. It seemed to work well in the past, but there's no
future guarantee, other than death and taxes.
I'm sort of going through our thought process and the how and why we picked
the stocks we did (yesterday's post). Anyway, we're holding on tight and
watching the market closely.
We did get a warning of a sell signal against our trend, but we don't have
it yet. I'm sort of hoping that we'll have a big day up to save the day
before we have to reverse.
Guy
Paranoia...you only have to be right once to make it all worthwhile!
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