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Guy,
I hear you, but I'm sure going to try to do better <G>. I've been
trying to figure out what to do from here. All my indicators tell me the
bear is here, but my gut tells me that we just have to be near a bottom.
The economy is just too good for a sustained bear market.
Therefore I decided to pour over the charts and look for industry
leaders in good sectors with good revenue and earnings growth. I also
wanted stocks that were right at support levels. I came up with AMAT, AOL,
JDSU, MSFT, QLGC, RDC, RFMD, and SCH. I had to fudge on earnings a little
with JDSU, but its prospects are good <G>. I'll post their charts to my web
site http://www.geocities.com/jimginva/ later today.
My thought is to sit and watch Monday and see what happens. Then later
in the week if it looks promising, I'd nibble on one or two of those that
looked like they had turned up but were still close to their stops so my
risk would be low. I'll continue with that strategy until the dust clears.
JimG
----- Original Message -----
From: "Guy Tann" <grt@xxxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Friday, April 14, 2000 9:49 PM
Subject: RE: New Buy Signal
> JimG
>
> If we didn't second guess our rules, we wouldn't be human. We still
haven't
> learned. :)
>
> Guy
>
>
> -----Original Message-----
> From: owner-metastock@xxxxxxxxxxxxx
[mailto:owner-metastock@xxxxxxxxxxxxx]On
> Behalf Of Jim Greening
> Sent: Friday, April 14, 2000 3:11 PM
> To: metastock@xxxxxxxxxxxxx
> Subject: Re: New Buy Signal
>
> Guy,
> Nope, you have to stick to your system. You've been doing a much
> better job of that then I have been lately. I got hurt more on this
> pullback then I should have by second guessing on some stops and not
leaving
> as soon as I should have. I also entered some positions too far away from
> my stops and accepted more risk than was necessary. Both no, nos in my
> system. Maybe I'll learn one of these days <G>.
>
> JimG
>
> ----- Original Message -----
> From: "Guy Tann" <grt@xxxxxxxxxxxx>
> To: <metastock@xxxxxxxxxxxxx>
> Sent: Friday, April 14, 2000 6:37 AM
> Subject: RE: New Buy Signal
>
>
> > Oops.... Should I have waited?????
> >
> > Guy
> >
> >
> > -----Original Message-----
> > From: owner-metastock@xxxxxxxxxxxxx
> [mailto:owner-metastock@xxxxxxxxxxxxx]On
> > Behalf Of Guy Tann
> > Sent: Friday, April 14, 2000 12:26 AM
> > To: Metastock User Group
> > Subject: New Buy Signal
> >
> > List,
> >
> > I know that everyone has been waiting for this :) but we're going long
on
> > Friday. Ta Taaaaa
> >
> > Let the games begin. We'll be buying S&P futures as well as the
following
> > stocks. My brother and I spent 3 hours tonight picking these babies, so
I
> > hope they don't disappoint. We are not jumping in with both feet
though.
> > Playing cautious. I originally started buying more, but went back and
> > changed my orders so that I will be only 25% invested (of available
margin
> > funds). I figure, this way I limit my risk if my signal is wrong, and
> also
> > provide myself with an opportunity to buy more should the market look
> good.
> >
> > Here is the list of stocks we're buying:
> >
> > TER
> > ATML
> > INTC
> > LLTC
> > HLIT
> > SFA
> > TXN
> > QCOM
> > AMCC
> > ORCL
> > HWP
> > IBM
> > CSCO
> >
> > We've tried to spread our exposure in those groups we're most
comfortable
> > with. Heavy exposure to the semi conductors, etc.
> >
> > Anyway, I would like to think that now that we're in agreement with
Steve
> K.
> > and JimG, we're all in sync. Maybe working together we can stop this
> slide,
> > at least for a while. :)
> >
> >
> >
> > Guy
> >
> >
> >
> >
>
>
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