jprowe
17 posts
msg #26931
- Ignore jprowe |
6/18/2003 9:05:09 AM
Shelshel,
Thanks for answers and tip. I changed my settings to match what you said and can see this will save me from going into each chart to figure the calculations.
Jon
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jprowe
17 posts
msg #26932
- Ignore jprowe |
6/18/2003 9:18:03 AM
Shelshel,
He's baaaaaackkkk.....I promise I'll go away soon (well, maybe). After I added the MFI to my results and checked KANA and RNWK (by setting the date offset to 1) the MFI for RNWK is lower than KANA. Which gives RNWK a 1 for volume and for MFI.
I'm sure I screwed something up, just curious what???
Many thanks,
Jon
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shelshel
11 posts
msg #26939
- Ignore shelshel |
6/18/2003 10:18:42 PM
jprowe
I went back 2 days to check out how I would have ranked them and according to the volume and MFI I would have purchased RNWK, however, the evening that I looked at them KANA was the buy with the lower MFI since they tied in my ranking system. DABONENOSE post of 6/17 confirms this. I don't know if the numbers changed or what. I can't explain it.
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dabonenose
26 posts
msg #26947
- Ignore dabonenose |
6/19/2003 2:16:43 PM
shelshel,,,,what is the syntax to add the money flow collumn???
tkx,
Dab
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defghca
150 posts
msg #26948
- Ignore defghca |
6/19/2003 2:58:19 PM
suprisingly .. add column mfi
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jprowe
17 posts
msg #26952
- Ignore jprowe |
6/19/2003 10:27:54 PM
Shelshel,
Thanks as always for taking the time to help. It is odd that the numbers are changing. I don't doubt I could have made the initial error because I was looking at the indicator graph and scale which were very close. Now that I have the MFI reading I shouldn't make that mistake again.
If you don't mind me asking you some advice....I did get into RNWK at 6.64 the next morning and based on my back testing your filter has a high % of winners even if it isn't the lowest MFI. RNWK is at 6.13 and I'm applying your 15% stop rule and cool with that. Would you still be in RNWK at this point?? I can be patient and hang on I'm just looking for some words from someone who has been doing this awhile.
Many thanks,
Jon
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shelshel
11 posts
msg #26953
- Ignore shelshel |
6/19/2003 11:42:36 PM
jprowe,
I currently own rnwk and have a stop loss initiated at 5.98. I also just went through and put a bunch of stop loss orders in on most of my stocks since I'll be out of town for over a week with no access to the internet (Vacation!!!). I wanted to preserve my gains while limiting my losses. I learned my lesson the hard way over the last couple of years. I owned some very good stocks...DELL, CSCO, EMC etc and rode them up for some sizable gains but never quite new when to sell so unfortunately I'm sitting with a few losers and a few gainers instead of all gainers. I was good at buying but could never seem sell. Now my philosophy has changed and I try to take the emotion out of investing and go by the numbers. So if the technical indicators say sell I sell. I rather make a little than none at all. Sure some of the stocks I sell go up but on the other hand some keep going down. I don't look back to see how the stock I sold are doing rather I look forward for new opportunities.
Any time you have any questions I'd be more than happy to answer them if I can. Good luck with the filter.
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jprowe
17 posts
msg #26960
- Ignore jprowe |
6/20/2003 10:34:43 AM
Shelshel,
Glad to hear you will be getting some R&R. I'm sure your stocks will be doing there part to pay for your trip;) As always the advice is invaluable and I appreciate your feedback and assistance. Have a great week!!
Thanks as always,
Jon
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rrochon
117 posts
msg #26963
- Ignore rrochon |
6/20/2003 5:28:12 PM
Anyone else lose money on RNWK?
Now I'm holding UBET, GW, and APT. Anyone else buy these?
Dick
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rrochon
117 posts
msg #26964
- Ignore rrochon |
6/20/2003 5:47:27 PM
In the Bollinger Bands 2 board I posted a question about buying call options instead of shares, and I found out why it is not a good idea.
The spread between Bid and Ask is too large. I bought slightly in the money calls,next month out, where I could get a Delta of over 90. This means that if the stock goes up $1, my option would go up 90 cents, which is pretty good since I would only pay maybe $2 to control 100 shares of a $10 stock. ($200 instead of $1000)
Problem is that the spread might have been 15% on the options, so if I paid $2 a share it would have to go up 15% before I could sell at the same price I bought. At a Delta of 90 the stock would have had to go up about 17% for my options to break even.
We're playing these stocks from low BB to high BB, and usually there isn't 15% between them. So even if the stock did move clear to the upper BB, if it was 15%, I lost money on the option, where I would have made 10% to 15% buying the stock.
Lesson: DON'T PLAY OPTIONS ON THESE STOCKS!
Education is expensive, isn't it?
Dick
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