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Nice,
Enjoy this upside while it lasts.
Regards
Rajesh
www.monkeyofthehill.com
Guy Tann wrote:
> Theo,
>
> Sorry about the delay but I lost your post with a few others.
>
> We have no magic system when it comes to buying equities. As I have said
> before, when we get a buy signal on our S&P futures, we follow that signal
> by trading our equity accounts in the same direction.
>
> In terms of picking stocks, we use Value Line and choose their 1 - 1 picks.
> These are companies that they calculate will perform better than the general
> market and have their highest safety factor. We also tend to stick with
> high tech companies and don't invest in dot.com of like companies.
>
> In terms of your H&S chart, I'm sure we would have been hesitant to buy
> BRCM, but as I've said many times in the past, we don't chart. Our system
> is pretty good at picking inflection points (and terrible in trending
> markets, like our buy signal of 8/3 or whatever that date was). Whenever we
> get a buy or sell signal, the corresponding chart looks terrible. Doesn't
> make for sound sleep, and the buy signal for when the DOW was down over 450
> points on the open, sure caused me to hesitate in buying more. I stood
> aside and kept my equity account un-margined. My brother, on the other
> hand, jumped in and bought a few more S&P futures after the open as well as
> more Intel and TSM. He's up to 80% margin. Since I don't work any more, I
> tend to be a bit more cautious. He is making a ton from his rep firm and
> just plows it into one of his trading accounts. Because of my conservative
> trading I didn't buy CSCO under 50 like I wanted to and I didn't buy INTC
> either.
>
> 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 T.E.M. Lockefeer
> Sent: Thursday, October 12, 2000 3:47 AM
> To: metastock@xxxxxxxxxxxxx
> Subject: Re: Pulling the trigger
>
> Hello Guy :
>
> I suppose you understand why i am very interested in the fact :
>
> Why bought Guy BRCM ?
>
> ( you probably know i am short on BRCM : look at earlier postings)
> some of my reasons :
>
> 1) Fundamental : Value worth according to a good source about $35).
> 2) Insiders : large insiders (like CEO) sold in the $270-$220 area.
> 3) Technical : first attack on neckline of H&S on 11 /10 (yesterday).
>
> So : please give some of your reasons (without telling about your systems
> secrets).
>
> Thanks
>
> Theo Lockefeer.
>
> P.s.1) PMCS : could go down again today, like OCA,
> no buyer yet of SEBL, others no data yet.
>
> P.s. 2) We are not far away from a new Nasdaq year low !
>
> ----- Original Message -----
> From: "Guy Tann" <grt@xxxxxxxxxxxx>
> To: "Metastock User Group" <metastock-list@xxxxxxxxxxxxx>
> Sent: Wednesday, October 11, 2000 6:17 PM
> Subject: Pulling the trigger
>
> > 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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