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Here's our latest newsletter to the family and I've marked it Off Topic for
anyone to delete without reading it. It was supposed to go out Monday
evening, but for some reason, it never went out otherwise I would have
posted it with my Buy recommendation this morning.
This is from my brother to the family and a few close friends. I didn't
reverse until this morning, so he made more money than I did, but we both
made money.
Subject: Buy for May 30
Well, I was real lucky and got out of all my positions (covered the shorts)
on Friday. I just did not want to think about them over the weekend. Well,
I was lucky, since we have a buy for Tuesday. Consequently, I have placed
all my buys for Tuesday morning at the open. This last short was moderately
profitable, and with my fills, I will update the trade chart in tomorrow's
email.
Again, let me say, we have no way of knowing how long this trade will be and
how far it will go. The only thing we can say, is when we have a sell, we
have an 80% chance of selling at higher levels than these.
By the way, we are trying our stock system on individual stocks, and trying
to cut the Buy list down from an original 54 candidates to something more
manageable like 12 or 13. It should be fun to see what happened.
By the way, for those of you who are counting, the last short on the S&P,
was 10 days in length, and we made 50% on the investment. Not bad % if we
could annualize this.
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