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To: JSB who wrote (3267)2/27/1999 12:39:00 PM
From: Dale BakerRespond to of 118717
 
I first saw it there but I didn't notice it was Anthony's pick; I saw someone else saying he was short. I see now that he had it at 14 1/2. Of course, he also had OMGA a bit lower so it could be worth watching for a bounce.

I read the NXTR thread and couldn't figure out much more than I knew already. They have some drugs which are selling. That's a step up from most biotechs.

We have a local holiday here on Monday - I will be free for full-time trading at the opening bell for a change, and not trying to squeeze in glances at the PC between office phone calls.

CMGI is about to have a nice MACD buy signal; last one like this was when it ran from 100 - 140. Shoulda checked that before I sold at 114. I will be looking to trade CMGI on Monday, for sure.



To: JSB who wrote (3267)2/27/1999 12:54:00 PM
From: Dale BakerRead Replies (1) | Respond to of 118717
 
TO ALL: a very serious proposal for this thread related to the upcoming AMEX option stock for the NASDAQ, which I believe will trade with the symbol Q.

I checked back to early 1998 and paper-traded the NASDAQ based purely on MACD lines and histograms. When the lines cross and the histogram changes hemisphere at the same time, buy/sell/short/cover accordingly.

A rough look shows 7 signals in 1998 with five winning trades, one flat and one small loser (minus 50 points). The net gain was 1270 points up and down (i.e. long and short).

If the NASDAQ continues to trade like this and we can put our heads together to call the signals, we could do very well with Mr. Q in 1999.

What does everybody think? I'm personally willing to set aside a chunk of my portfolio just to play the Q.

MFNX - like CMGI, on the verge of a big MACD buy signal. Top of the Bollinger band is in the high 40's and it will probably break that on a run, at least temporarily.