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Guy,
A question I posed when you entered your short positions got lost between
violin recitals and somewhere else. You have said that you short QQQ, SPY
and DIA. How do you decide how much capital (%) to place in each? They
don't always move in tandem and they don't always offer similar risks and
rewards in terms of volatility.
Thanks,
Dan
>From: "Guy Tann" <grt@xxxxxxxxxxxx>
>Reply-To: metastock@xxxxxxxxxxxxx
>To: <metastock@xxxxxxxxxxxxx>
>Subject: RE: Lessons Learned From Market Downturn
>Date: Thu, 4 May 2000 12:11:44 -0700
>
>We do have a mechanical system, Kent, and it hasn't given us the signal to
>buy back in yet. We're still waiting. Unfortunately we got in a day early
>on the short side, but are now doing quite well with the trade.
>
>Guy
>
>
>-----Original Message-----
>From: owner-metastock@xxxxxxxxxxxxx
>[mailto:owner-metastock@xxxxxxxxxxxxx]On
>Behalf Of Kent Rollins
>Sent: Thursday, May 04, 2000 10:39 AM
>To: metastock@xxxxxxxxxxxxx
>Subject: Re: Lessons Learned From Market Downturn
>
>"Yes, the markets really tanked. I'm just fortunate I followed my trusted
>rule of **always** selling when the _____price of the stock_____ indicator
>went below
>_____stop that I entered when I bought the stock_____ level."
>
>"Frankly, I don't plan on re-entering those particular securities until
>the
>_____lump in my throat_____ indicator drops below _____knot in my
>stomach_____ again!"
>
>You can't trade the markets mechanically like you're asking unless you have
>a system that is a winner and if you had such a system, it would have told
>you when to sell and when to buy back in. Frankly, I think the bulk of the
>selling is done. If you listen to CNBC, you will hear that many fund
>managers are totally confused on the markets or have large cash positions.
>This is a good sign. In addition, cash is still coming into the markets in
>the form of savings. This means continued upward pressure. But probably
>not like it was during the last 6 months. I'm currently 115% long. Of
>course, historically that is a bad sign.
>
>Kent
>
>
>-----Original Message-----
>From: Nicholas Kormanik <nkormanik@xxxxxxxxxx>
>To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
>Date: Thursday, May 04, 2000 1:16 PM
>Subject: Lessons Learned From Market Downturn
>
>
>
>It's likely that over the past couple of months many here have had some
>important lessons reinforced.
>
>I'm hoping that some of you 'senior' members wouldn't mind filling in the
>following blank lines....
>
>"Yes, the markets really tanked. I'm just fortunate I followed my trusted
>rule of **always** selling when the _____A_____ indicator went below
>_____B_____ level."
>
>"Frankly, I don't plan on re-entering those particular securities until
>the
>_____C_____ indicator rises above _____D_____ again!"
>
>Thanks in advance for sharing your ideas. I hope some interesting and
>helpful discussion is generated from your input.
>
>I personally am still a 'freshman,' and continue to look for these answers.
>
>Nicholas
>
>
>
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