Tuesday, July 08, 2003

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OVTI - currently long from 38.25 off the reversal from the morning's initial short trade. Target is 39.37 - 39.38 so far we haven't yet been able to breach 39.00. Be sure you are calculating the potential short/reversal just in case as well.
SINA - good swing high at 25.85 puts a potential short at the break of 25.00
SINA - on that nice pullback to our entry of 24.80 has now rallied through our profit target. So from here you are looking to calculate a potential short trade since the long is done for now. At this moment it's still ticking up so we'll wait until there is a clearer high swing and then look to calculate the potential short for this afternoon 3% below that.
IIJI - trading in the middle of our two entry parameters -- no trade yet today -- waiting.
XING - started with the short off of 12.20 - -that hit our profit target. The long came off the low of 11.52 x 1.03 = 11.87 (on the 1/8th) and that trade also hit target. Two trades to target so done there.
NTES - did get an initial long with the buy limit at 39.60 -- reversed to short at 38.50 and now back in the long at 39.37 -- choppy there today. We'll see if the long can carry through -- third trade so done either way on it.
ICOS - Nice sprint through the long target. Looking at a potential short now -- off the high of 41.46 we get 40.12
BRCM - gapped and is above our long area -- calculated a short entry at this time at the break below 29.00. That can change of course if the high of 29.96 changes.