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<p class=MsoNormal><span class=EmailStyle16><font size=2 color=navy face=Arial><span
style='font-size:10.0pt;mso-bidi-font-size:12.0pt;font-family:Arial'>James<o:p></o:p></span></font></span></p>
<p class=MsoNormal><span class=EmailStyle16><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=EmailStyle16><font size=2 color=navy face=Arial><span
style='font-size:10.0pt;mso-bidi-font-size:12.0pt;font-family:Arial'>As I keep
trying to explain, we try to anticipate reports and not react to them. </span></font></span><span
class=EmailStyle16><font size=2 color=navy face=Wingdings><span
style='font-size:10.0pt;mso-bidi-font-size:12.0pt;font-family:Wingdings;
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mso-symbol-font-family:Wingdings'><span style='mso-char-type:symbol;mso-symbol-font-family:
Wingdings'>J</span></span></font></span><span class=EmailStyle16><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-spacerun: yes"> </span>We don’t trade
breakouts.<span style="mso-spacerun: yes"> </span>You have to remember we’re
contrarian traders.<span style="mso-spacerun: yes"> </span>Our system is
pretty good at picking inflection points and we try to trade opposite the
majority opinion.<span style="mso-spacerun: yes"> </span>When we went
long this week, the sentiment was quite bearish.<span style="mso-spacerun:
yes"> </span>Now the sentiment is getting bullish.<span
style="mso-spacerun: yes"> </span>This is the time for us to starting
looking for a place to sell.<span style="mso-spacerun: yes"> </span>We’ll
wait for a signal though, according to our system.<o:p></o:p></span></font></span></p>
<p class=MsoNormal><span class=EmailStyle16><font size=2 color=navy face=Arial><span
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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>
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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=EmailStyle16><font
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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>James Wolf<br>
<b><span style='font-weight:bold'>Sent:</span></b> Friday, June 02, 2000 5:16
AM<br>
<b><span style='font-weight:bold'>To:</span></b> Metastock<br>
<b><span style='font-weight:bold'>Subject:</span></b> Re: Careful - is that a
sell lurking in the bushes?</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 style='margin-left:.5in'><font size=2 color=black face=Arial><span
style='font-size:10.0pt;font-family:Arial;color:black'>Guy, why not make the
decision on the results of the unemployment report due out an hour before the
open tomorrow morning?</span></font><font size=1 color=black><span
style='font-size:7.5pt;color:black;mso-color-alt:windowtext'><o:p></o:p></span></font></p>
<p style='margin-left:.5in'><font size=2 color=black face=Arial><span
style='font-size:10.0pt;font-family:Arial;color:black'>James Wolf</span></font><font
size=1 color=black><span style='font-size:7.5pt;color:black;mso-color-alt:windowtext'><o:p></o:p></span></font></p>
<p style='margin-left:.5in'><font size=1 color=black face="Times New Roman"><span
style='font-size:7.5pt;color:black'>>List,</span></font><font size=1
color=black><span style='font-size:7.5pt;color:black;mso-color-alt:windowtext'><o:p></o:p></span></font></p>
<p style='margin-left:.5in'><font size=1 color=black face="Times New Roman"><span
style='font-size:7.5pt;color:black'>>I don't know what to say here. We have
several Intermediate Term Signals</span></font><font size=1 color=black><span
style='font-size:7.5pt;color:black;mso-color-alt:windowtext'><o:p></o:p></span></font></p>
<p style='margin-left:.5in'><font size=1 color=black face="Times New Roman"><span
style='font-size:7.5pt;color:black'>>(ITS) calling for a sell for tomorrow morning.</span></font><font
size=1 color=black><span style='font-size:7.5pt;color:black;mso-color-alt:windowtext'><o:p></o:p></span></font></p>
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</x-html>From ???@??? Fri Jun 02 08:22:06 2000
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From: "Guy Tann" <grt@xxxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Subject: RE: Careful - is that a sell lurking in the bushes?
Date: Fri, 2 Jun 2000 07:32:03 -0700
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Status:
Kent
You do what I've never been able to do. I have never been able to intraday
trade. I'm miserable at picking buy or sell points and I fail terribly at
getting out with a profit. I'm too emotional and read too much into the
price movement. It took me a long time to realize that my psychological
make-up is not suited for this type of trading. I remember when I first
started trading; I would sit in the broker's office watching the paper
ticker and the mechanical tote board (darn I'm old) and generally lose
money. Even if I was right, I managed to lose money. :)
That's why all of our trades are usually at the open. The second reason is
that you can always (usually always) get in and out on the open, especially
when you trade our little quantities. Our research shows that you can trade
up to 1,000 S&P contracts on the open without materially affecting the
market.
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 Kent Rollins
Sent: Friday, June 02, 2000 12:24 AM
To: metastock@xxxxxxxxxxxxx
Subject: Re: Careful - is that a sell lurking in the bushes?
I have to think tomorrow is going to fall off in the afternoon. Of course,
I thought it would do that today as the afternoon buyers dried up deciding
to wait on tomorrow's numbers. Got stopped out of QQQ and QCOM shorts that
I put on around 1:30. Tex Tanzi pointed out the unless the number tomorrow
is way high, it's going to be good news. With all the profits that people
have this week, I can't believe they are going to carry everything into the
weekend. For the last 2 weeks, the second half of the day has been
miserable. But Tuesday it was a straight-line rally and Thursday there was
a very string rebound over the last 90 minutes. Wednesday faded. I'm
thinking huge rally at the open, fade for the rest of the day.
Anyone realize the MSFT now has a P/E of 38?
Kent
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