Monday, July 21, 2003

OVTI - the second trade long did trigger and no problem through the profit target so with two trades to full targets in the books for the day we're done with OVTI today.
AVID - now short - the current swing low so far is 42.51 x 1.03 = 43.78 so rounded up to the nearest 1/8th or 43.88
SINA - original long from 29.85 that we reversed to short at 28.87. That short hit a low of 28.46 x 1.03 = 29.31 rounded up to 29.38 to the nearest 1/8th (up when short to long) which triggered and this being the third and final trade we'll look to exit based on the current swing high of 29.57 x 0.97 = 28.68 and rounded down to 28.62. Stock obviously very volatile and not finding a direction so with the third and final trade we'll leave it there since we don't want to keep forcing it when it's not cooperating.
XINGE - the second trade long through our profit target so we're done with this stock for the day now that we've logged two successful trades.
OVTI - short through the profit target. Swing low of 35.31 x 1.03 = 36.38 which would be where we would establish a second trade long.
BRCM - current swing low on our open short trade is 24.76 x 1.03 = 25.50 which a break of that would become our reversal into a long trade.
JCOM - started long but have since reversed to long after reaching a high of 49.74 x 0.97 = 48.25 which is where we are short from for the moment -- will watch though for any potential long reversal trade off swing lows in this move
BRCM short at this time - looking for a profit target of 24.50
XINGE - through the profit target now looking at a second trade long off the swing low so far of 9.50 x 1.03 = 9.78 or rounded up to 9.88 which is where we are long from for the moment.
PCNTF - quick spike through the first trade long profit target. Second trade short - off the peak of 10.48 x 0.97 = 10.16 or rounded down to 10.12 which has also reached target so that stock is done for the day with first two trades through targets.
NTES went long initially and came close to the target but peaked at 40.04 x 0.97 = 38.83 and rounded down (down on a long to short) to 38.75 becomes the short reversal area
HITK - currently long -- swing high so far is 30.55 x 0.97 = 29.63 which is right on an 1/8th so that becomes the short reversal area
CHINA - initially had a long but since have reversed off the peak of 13.78. Short reversal at 13.37 currently the second trade.