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Tom K.,
No you didn't miss anything, unfortunately. We're still long at those
higher numbers. Those buys were based upon our regular trading system, and
we have experienced substantial drawdowns with this system. I did close
out, at a loss, several S&P contracts last week, when we were down
approximately 100 points. I did keep 1 large S&P contract from the first
Buy. This has been a substantial loss, even for us.
This current trade, going long yesterday, is based upon our slightly
modified system where we increased the weight of our H700 indicator. After
the first day, we were slightly profitable. Today, after the problems in
the Middle East, we're in a losing position.
Again, we never said we were perfect. :) We do try to post our trades
promptly, except when we're traveling or otherwise indisposed.
This current trade is based upon this H700 indicator and has been working
well for the past 3 years. Except for the international problems today, I
think it would have been a good trade. It still might be.
Hope this clarifies what we've been doing.
Regards,
Guy
Politicians and diapers have one thing in common. They should both be
changed regularly and for the same reason.
-----Original Message-----
From: owner-metastock@xxxxxxxxxxxxx [mailto:owner-metastock@xxxxxxxxxxxxx]On
Behalf Of tkohl@xxxxxxxxxxxxx
Sent: Thursday, October 12, 2000 6:13 AM
To: metastock@xxxxxxxxxxxxx
Subject: Re: Pulling the trigger
Merely curious here Guy, but what happened to what, i believe, was your
prior 2 buy signals at much higher levels? Are you still in these trades
with huge losses or did you exit and not tell the list (or did i miss
something)? Are you averaging down? And when you calculate your win/loss
% are these buys at various times all one trade?
sorry if i missed something.
Tom K
Guy Tann wrote:
>
> List,
>
> Well, I couldn't wait any longer and have bought into this debacle. I
> bought more S&P futures in the 1377 area.
>
> I also bought some more equities. BRCM (219 3/8), SEBL (93 1/2), OCA (26
> 7/16), WATR (27 3/4), PMCS (160 1/4), DGX (124 7/8) and IVX (45.66), for
> what it's worth.
>
> Remember, this post is worth exactly what you paid for it. :)
>
> Looks like the market may be turning a little to the upside so maybe
waiting
> helped us out here. That Broadcom fill would have been one heck of a lot
> better on the open, but I've come to the conclusion that you can never
pick
> absolute bottoms.
>
> Anyway, hold on, as we're back in the market on the buy side. And all of
my
> fills are listed here, warts and all. Now let's see if this H700 signal,
> with its increased weight in our system, can continue it's 20 month win
> streak. I just hate giving anything back.
>
> Regards,
>
> Guy
>
> Politicians and diapers have one thing in common. They should both be
> changed regularly and for the same reason.
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