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JimG
Did you get the number of that truck?
With the gap down this morning, the damage wasn't too great.... Cough,
cough...
I think most of those stocks on the list are solid, good buys. At least I
didn't buy them on margin and still kept almost half of my capital in cash.
I will be looking for opportunities to add to my positions. Stocks that I
really like are INTC and CSCO. Both are having record sales and earnings a
la AMD. I don't know this one individual personally (he's a friend's
neighbor), but he bought CSCO yesterday and today and will buy more on
Monday and he works for them. Feels these are tremendous buying
opportunities. If you stay away from the stocks with no business, no
profits, etc., you should be all right, IMHO.
Meanwhile, we're licking our wounds and looking for an opportunity to buy
more.
Meanwhile, how do I explain to my better half that the first 2 forays into
equities from futures were on the two biggest down days on record. :) Talk
about the kiss of death.
Good luck,
Guy
-----Original Message-----
From: owner-metastock@xxxxxxxxxxxxx [mailto:owner-metastock@xxxxxxxxxxxxx]On
Behalf Of Jim Greening
Sent: Friday, April 14, 2000 3:06 PM
To: metastock@xxxxxxxxxxxxx
Subject: Re: New Buy Signal
Guy,
I don't know if we are in agreement or not. I got scared today when
the NASDAQ plunged through the bottom of its Intermediate term up trend
channel and closed all my high tech and finance type positions. I'm now
only long CBRL and WMT (how's that for high flyers <G>).
However, I do like the stocks in your list and will be watching for
good entry points. I'm just not going to rush back in at this point. I'd
rather lick my wounds and wait for the dust to clear a little.
I've noticed that your signals are usually right on but sometimes a few
days early so you probably will have a great position here. Besides you can
add my caution to your list of contrary indicators <G>
Best of luck!
JimG
----- Original Message -----
From: "Guy Tann" <grt@xxxxxxxxxxxx>
To: "Metastock User Group" <metastock-list@xxxxxxxxxxxxx>
Sent: Friday, April 14, 2000 12:26 AM
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 slid
e,
> at least for a while. :)
>
>
>
> Guy
>
>
>
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