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Gold/Mining/Energy : Position Trading in Canada -- Ignore unavailable to you. Want to Upgrade?


To: keith massey who wrote (453)1/15/1999 7:59:00 AM
From: Greg R  Respond to of 2259
 
Keith, I appreciate you do not use INPATHIQUE Analysis or how to use it on a day by day basis however I am sure you do not make an investment decision and then just turn your back on it. Neither do I.

With ASND, I said I expected a "mini" bear, mini being the operative word. Being a greedy type I tried to take advantage. As soon as the stock showed it was not going to play out and was following a stifled bull (a very steep, but a pattern whose trend is exactly predictable with INPATHIQUE) I dumped the puts and bought Feb 65 calls. That was Dec 28. If I had an Internet connection from the resort I was at I probably would have mentioned the change of plan on the chat group.

Even if a person had simply bought calls on the expected nadir of the of Jan 7, they would have done well, but it would be stupid not to stay on top of the chart and take advantage of any changes ASAP.

As for COS, you are taking that one out of context. There was an opportunity to take advantage of an INPATHIQUE predicted decline in the stock's price over the next 24 hours. It was sold on Dec 15 at $5.25 and bought back at $4.85 on the 16th for a fast 9% profit. The projections pages only contain samples of INPATHIQUE at work and NOT every trade. Since I spotted the projection I brought to other's attention. If they were interested, they followed it and saw it closed out again the next day.

By the way, INPATHIQUE does not use Fibonacci fans. You may be confusing it with Trans-set or Ghost lines that appear on some of the example charts.

But all in all, you are right, there is no single trading system that can do everything but I find INPATHIQUE to be an extremely helpful and useful tool that has made me a lot of money and I guess, that is the ultimate bottom line.

Profitable Investing
Greg