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<DIV><FONT color=#000000 size=2>Couldn't agree more. I believe it took a
lot of courage for Harley to publish that piece. How many of us would be
willing to admit to mistakes like that. I for one hope his account turns
around very soon. I can truthfully say "Been there, Done
that". Only thing is at the time I didn't have the guts to admit it
publicly.</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT size=2>Harley, good luck in your future trades!!</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>Bill Nakielski</FONT></DIV>
<DIV><FONT color=#000000 size=2>Milwaukee, WI USA</FONT></DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 solid 2px; MARGIN-LEFT: 5px; PADDING-LEFT: 5px">
<DIV><FONT face=Arial size=2><B>-----Original Message-----</B><BR><B>From:
</B>Ben John <<A
href="mailto:bjohn@xxxxxxxxxx";>bjohn@xxxxxxxxxx</A>><BR><B>To: </B><A
href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx</A> <<A
href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx</A>><BR><B>Date:
</B>Friday, November 06, 1998 09:26 AM<BR><B>Subject: </B>Re: NWAC, KEA and
AMAT<BR><BR></DIV></FONT>
<DIV><FONT size=2>Don't be so hard, maybe he is learning. I don't see
anyone on this mailing list, but Jim that is willing to publish their
trades. How many of use are beating the SP-500! I started a Play
Money(100,000) on 09/17/97 of Jim's trades and it is up to
$141,950.21. If you are not willing to show what you are doing what
right to you have to criticize others! </FONT></DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 solid 2px; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
<DIV style="FONT: 10pt arial">----- Original Message ----- <B>From:</B>
<A href="mailto:rmjapan@xxxxxxxxxxxxxxx";
title=rmjapan@xxxxxxxxxxxxxxx>Rick Mortellra</A>
<DIV><B>To:</B> <A href="mailto:metastock@xxxxxxxxxxxxx";
title=metastock@xxxxxxxxxxxxx>metastock@xxxxxxxxxxxxx</A> </DIV>
<DIV><B>Sent:</B> Thursday, November 05, 1998 8:16 PM</DIV>
<DIV><B>Subject:</B> Re: NWAC, KEA and AMAT</DIV></DIV>
<DIV><BR></DIV>
<DIV><FONT color=#000000 face=Arial size=2>Harley, this slapping ya in
the face but I'm not sure why you post anything at all. Therapy
perhaps? If so, then it's time for some tough love my
friend.</FONT></DIV>
<DIV><FONT color=#000000 face=Arial size=2></FONT> </DIV>
<DIV><FONT color=#000000 face=Arial size=2>Obviously, since you've
"been here before" you haven't or don't want to learn from
your mistakes. Certainly if we went down the list of the most common
trading guideline "cliches" found in the appendix of every
trading book published you'd be in violation of them all.
Frankly, the only thing anyone can take away from these posts is that
you are a LOSER!</FONT></DIV>
<DIV><FONT color=#000000 face=Arial size=2></FONT> </DIV>
<DIV><FONT color=#000000 face=Arial size=2>You offer no plan or strategy
to deal with this setback other than to hope "we get a
correction." You can't tell us why the trades went bad or even
admit that you were wrong. In fact, you want to short more! This during
one of the biggest up months in market history. Talk about hubris!
</FONT><FONT face=Arial size=2>You claim to know NWACs business
because you live in Minneapolis? What arrogance! </FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2>You've said you got a degree in math but
its obvious math plays no part in your trading. Unless you control your
downside risk you'll never win over the long haul. So with NWAC the best
you could do IF the stock went zero was $960. (Yeah right, like one of
the giants of its industry becomes worthless.) Yet you've endured
a $360 or 38% plunge down a bottomless pit. Or AMAT, the undisputed
leader of its industry and where you've taken an astounding $2300 or 35%
whipping. What's even more amazing is that I'm willing to wager that
this 1 position has become almost 50% of your trading account, or what's
left of it. Are you dumb or just desperate?</FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2>Finally, you end by telling us that the
market action has changed for the better and "screwed up your
thinking." The only thing that is screwed up is that you've
continued to stay WRONG for a month while pissin off probably 20% of
your equity! I suggest for the well-being of your family that snap out
of this stupor and GET OUT OF THE MARKET! Your personality is not suited
for active trading and it will end up costing you a lot more than a
shrink while you "discover" yourself. Stick with it, and I'll
guaranty you'll be cleaning full-time for a living.</FONT></DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2><B>-----Original
Message-----</B><BR><B>From: </B>Harley Meyer <<A
href="mailto:meyer@xxxxxxxxxxx";>meyer@xxxxxxxxxxx</A>><BR><B>To:
</B>Metastock list <<A
href="mailto:metastock-list@xxxxxxxxxxxxx";>metastock-list@xxxxxxxxxxxxx</A>><BR><B>Date:
</B>Friday, November 06, 1998 10:22 AM<BR><B>Subject: </B>NWAC, KEA and
AMAT<BR><BR></DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 solid 2px; MARGIN-LEFT: 5px; PADDING-LEFT: 5px"></FONT>
<CENTER> </CENTER>Well it has been awhile since I have
addressed my trades. Seems like I have dug myself a hole. Since I
have been sitting on these trades with some pretty good draw down. I
have to sit and wait because I have zero buying power. I have been
here before and I still don't like it. It isn't very productive.
(Well I have done some much needed cleaning around here.) But that
doesn't count.
<P>I covered 100 shares of NWAC for a small gain. I still am short
50 shares at 19 3/16. Currently the stock trades around 26. My
fundamental outlook on this stock has not changed. I live in
Minneapolis and they are giving more and more money in these
contract negotiations. Plus to attract passengers they are giving up
to much money. If I had money I would have taken another position
short at the $27 level.
<P>KEA - I am still short 100 shares at 30 1/2. I could of covered
around 30 about a week ago, but decided to take a chance that it was
going to move lower. It is now around 37. Could break to $40. It
does move with the markets and I will say that <U>if we can get a
correction</U> I should be able to get out with out to much of a
loss.
<P>AMAT - Has also moved higher and is now around 35. I am short 250
shares at 3 different locations. 50 @ 19 1/2, 100 @ 25 5/8 and 100 @
29 3/8. As of the last few days the stock has been trying to come
down. But the market just keeps moving higher. Then so does AMAT. My
out look on AMAT has changed since they have finished their
restructuring. It will help their bottom line but it is unclear what
demand for their equipment will be in 1999. My guess is not that
much demand. <BR>
<P>Overall out look: My out look for the over all market is much
more positive than what it was 1 month ago. Even if the economy
slows down, the fed will use easing as a means to combat a slowing
economy. Hence large cap stocks prices will still stay buoyed up. I
will say that Greenspan's surprise rate cut has screwed my thinking
up. The landscape changed to much and became unfamiliar. <BR>
<P>Harley </P></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
</x-html>From ???@??? Fri Nov 06 20:51:14 1998
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From: BAUDECB@xxxxxxxxxxxxx (Christian Baude)
To: metastock@xxxxxxxxxxxxx
Subject: Re: NWAC, KEA and AMAT
Date: Sat, 07 Nov 1998 02:10:29 GMT
Message-ID: <3643abd3.355295@xxxxxxxxxxxxxxxxxx>
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On Fri, 6 Nov 1998 07:36:00 -0500, you wrote:
>Does anyone know if there was a full moon last night?
Yes there was.... Now you know why some people use astrology in
market timing. (Murrey and Co.).
-= Chris ß =-
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