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JimG
Glad you're back in one piece. My brother went back to Detroit to see the
folks and had a lot of rain there. Flew to Chicago to meet his wife. Such
bad weather they couldn't get out, so they flew to LA, got here at Midnight
then left first thing in the AM for up North.
Had a great day yesterday, but today those technology stocks took most of it
back. Hate it when that happens. :)
The market is really out of control as far as I'm concerned. I can justify
it going up as well as down. Who knows where we're headed?
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: Wednesday, June 14, 2000 4:50 PM
To: metastock@xxxxxxxxxxxxx
Subject: Re: Buy Signal
Guy,
I'm back from my business trip just in time to see that you went long
again. Sure hope you are right on again <G>. I did good while I was gone
even though I was stopped out of several positions. I'm about 40% cash now
and looking to get back to fully invested when I get caught up.
JimG
----- Original Message -----
From: "Guy Tann" <grt@xxxxxxxxxxxx>
To: "Metastock User Group" <metastock-list@xxxxxxxxxxxxx>
Sent: Tuesday, June 13, 2000 7:44 AM
Subject: Buy Signal
> List,
>
> Well we went long this morning, FWIW. At the current time, it appears we
> were early again, but we'll see how the day ends. We did take a nice
profit
> on our short S&P futures and a little one on the short indices. To be
> honest, being a contrarian is hard on one's nerves. We're always taking
> major positions with the market going against us and this doesn't help.
> It's a good thing I'm not a drinker or I'd be tempted to start. In
> addition, you have to remember that we're S&P futures traders and are
trying
> to apply our S&P signals to trading equities and some options.
>
> First, I'll mention my option buy this morning. I have an order in to buy
3
> Jul 2000 OEX Calls at 33.5. Again, we are just experimenting with
options,
> but so far the experiment has proven profitable. I'm really not sure how
to
> buy these. I took the bid/ask range and put my price right in the middle.
> So far I haven't gotten them.
>
> For those of you who are interested, here is the list of stocks we pulled
> from ValueLine, those that we initially selected and then those that we
> actually bought.
>
> We started with the following list from ValueLine. We then applied the
1 -
> 1 selection process I discussed before with a beta of 1.25 (all but one
> anyway). I put an * next to those stocks we selected mechanically (with
our
> SP39 indicator) and a ** next to those we actually bought.
>
> ADCT
> ADBE *
> AMD
> ADI * **
> AMAT
> GLW *
> CSCO
> CYTC
> ESIO
> ERICY * **
> FLEX * **
> IMNX
> ITWO **
> JDSU * **
> KLAC **
> LSI **
> MACR
> MCRL **
> NTAP **
> NOK
> NT
> NVLS * **
> ORCL
> PMCS * **
> RMBS
> SCI *
> SDLI
> SNDK ** I bought this one on my own
> SEBL
> SYMC
> TER * **
> VSH * **
> VTSS
> XLNX **
>
> Totals 11 15 Different stocks
>
> I don't think we'll get hurt too much if we're early on this buy, but I'm
> crossing my fingers (and toes).
>
> Part of our criteria for selecting our stocks in our first pass, was
running
> the various stocks through our SP39 filter and seeing if we had an
> over-bought or over-sold condition. We haven't really verified this
> technique and are still working on it, but needed something to help us
> winnow down the number of stocks in our list. We then looked at the
balance
> of the list and added those stocks that had relatively big down days
> yesterday. Following that, we reviewed our original selections and
dropped
> several stocks so as to limit our number of different companies to 14 (15
in
> my case).
>
> I also wanted to buy RMBS, but my brother hates that stock for some reason
> right now, so we left it off our buy list. I may buy it in the future.
>
> Let's see what happens.
>
> Guy
>
> Paranoia...you only have to be right once to make it all worthwhile!
>
>
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