Is that a model trade? Or are you giving up and manually overriding a bad position? Let me know whether I should take it or fade it.
Two things about the model 1) It does not know how to handle the IRS Rebate Check which I assume would peak around May 15. 2) The model doesn't perform that well during extended V shape recovery, which I am still working on. Look at 2001 Apr-May I still think the market might still have upside now. But I have no planning to write code for it, because Rebate Check doesn't happen that often. There were definitely some people knew the Sept 11 attack, the stock market started leveling off even before the first 2001 Rebate Check sent out. The question is: What about this time?
MAY 2, CLOSE @48.9 No Position. Detected two critical programming errors. One of them prevented the system issuing BUY signal on Apr 30 (The BUY signals didn't show up until today - two days later. ) // Rule 19: if( i < (dateR.Length - 2) ) which should be: // Rule 19: if( i < dateR.Length ) I have been really busy going long for last two weeks, no one wants to miss that IRS rebate check...
WOW see my prediction about Microsoft and Yahoo merger: http://elitetrader.com/vb/showthread.php?s=&threadid=126290 _______________________________________ Turned out the offer is $33 and reserve 1.5B. And the stupid Jerry Yang rejected, I might take $1000-2000 loss on Monday. http://biz.yahoo.com/ap/080504/microsoft_yahoo.html
So how to play Yahoo now, here is what big boys are going to do. BB's friends on the Street (like WB) will each buy up to 4.99% Yahoo shares starting on Monday. With enough shares to win a proxy battle, then they get rid of Jerk Yang in about year like the other co-founder, Microsoft will throw another ball at Yahoo, if successful everyone will be happy, if not they will dump those shares before Microsoft announces another give up, then round three...