Re: [RT] Sell signals

["Steve Karnish" <kernish@xxxxxxxxxxxx>]

"By "covering" do you mean "selling out"?
Just to be clear since "covering" usually refers to shorts."
 
"Have you shorted these before that you're coveringthem now?"
 
List,
 
I used to suggest "shorting" the market...but I spent my entire day 
answering emails from the public about: "How can you sell something you don't 
own?"  So, a couple years ago, I started just recording the "buy, hold, 
sell, move-to-the-sidelines trades".  
 
"Covering" never means instituting a short position (by any traders 
dictionary).  "Covering" commonly refers to "flattening" a position.  
You have an open position and you "offset" it by "covering" it.  In my 
case, I was long (had previously purchased) about 35 stocks.  This morning 
I'm "covering" about half these open positions, by selling, fifteen 
issues.
 
I hope this is clearer?  The important point is the coincidence of 
selling signals across many different sectors.  This occurence is "out of 
the ordinary" (it just hasn't happened during the past three years).
 
Take care,
 
Steve
<A 
href="http://www.cedarcreektrading.com";>www.cedarcreektrading.com
<BLOCKQUOTE 
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
  ----- Original Message ----- 
  <DIV 
  style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From: 
  Neal 
  Chabot 
  To: <A 
  href="mailto:realtraders@xxxxxxxxxxxxxxx"; 
  title=realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx 
  Sent: Wednesday, April 17, 2002 1:07 
  AM
  Subject: Re: [RT] Sell signals
  
  Steve,
  By "covering" do you mean "selling out"?
  Just to be clear since "covering" usually refers to shorts.
   
  Neal
  <BLOCKQUOTE 
  style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
    ----- Original Message ----- 
    <DIV 
    style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From: 
    Steve 
    Karnish 
    To: <A 
    href="mailto:amibroker@xxxxxxxxxxxxxxx"; 
    title=amibroker@xxxxxxxxxxxxxxx>amibroker@xxxxxxxxxxxxxxx ; <A 
    href="mailto:metastock@xxxxxxxxxxxxx"; 
    title=metastock@xxxxxxxxxxxxx>metastock@xxxxxxxxxxxxx ; <A 
    href="mailto:realtraders@xxxxxxxxxxxxxxx"; 
    title=realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx 
    Sent: Wednesday, April 17, 2002 12:09 
    AM
    Subject: [RT] Sell signals
    
    List,
     
    During the last three years, I 
    have posted nightly, buy and sell signals at my site (for about four 
    dozen equity issues).  The mechanical signals are generated by a 
    momentum oscillator, bouncing above and below "triggers".  Usually, 
    when a cluster of buy or sell signals occurs, within a reasonable time, the 
    market reacts.  
     
    I've decided to "warn" the list that I 
    have NEVER recorded fifteen sell signals on a single day...NEVER (three 
    years running).  Tomorrow morning, I will be covering positions 
    in:  ADBE, ALTR, AMAT, BEAS, CHIR, CMVT, CTAS, ERTS, KLAC, LLTC, MERQ, 
    NBR, NSM, NVLS, & TER.  
     
    Hey, don't want to scare anybody...but, maybe 
    someone is interested in market direction "factoid".  It is what it 
    is.
     
    Take care,
     
    Steve
    <A 
    href="http://www.cedarcreektrading.com";>www.cedarcreektrading.com
     
     
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