Friday, July 25, 2003

SOHU - just missed our 3% target on the short by a couple of pennies -- might be a time to intervene and take a partial -- regardless the swing low was 36.66 x 1.03 = 37.75 which is where we ent long from and that trade has gone to target. Third trade in the series on SOHU today so finished there.
NTES - trade 1 and 2 did not work out for us as the second trade just missed our profit target (though made the 2% target for those on that strategy) with the swing low of 39.10 x 1.03 = 40.27 and rounded up to 40.37 and that trade has made our profit objective at 41.50 to at least offset an earlier trade. With three trades there we are done with NTES today.
HITK - started short from 24.45 and through our profit target. The swing low in that decline was 23.40 x 1.03 = 24.10 and rounded up to 24.13 as the area to go long for the second trade which has triggered.
CHINA - did reverse to long - hasn't gotten that far on the long trade (trade #2) so we'll need to watch for a potential reversal back to short -- swing high is 12.75 x 0.97 = 12.36 so that's where we'd exit the long and go short.
BRCM - just missed the 3% target area -- swing low of 21.91 x 1.03 = 22.57 and round up to nearest 1/8th when going short to long so 22.63 becomes our reversal area to long.
SOHU - short reversal off the swing high was 37.63 which is where we are short from - been close to full target but not quite there
JCOM - originall long off of the 51.35 entry with a swing high of 51.54 x 0.97 = 49.99 so rounded down to the nearest 1/8th or 49.87 which is where we reversed to short and that has gone to the 2% target strategy so far
CHINA - currently short - swing low so far 12.25 x 1.03 = 12.63 which would be our long reversal area for now while we wait on the short target
BRCM - currently short - targeting 22.45 x 0.97 = 21.78 and rounded up to 21.87-21.88
SINA - played the pullback to go long at 34.85 and after the first 10 minutes the high of 35.40 x 0.97 = 34.33 rounded down to 34.25 which is the current trade.
NTES - initial long from 41.10 on the pullback -- the short reversal off of the swing high of 41.48 x 0.97 = 40.23 so reverse to short at 40.12 (round down to nearest 1/8th when going long to short) which is now the live trade
HITK - currently short -- target 23.75
XINGE - reminder per the note in the set-ups on this stock due to the low dollar amount of its stock price we'll use 4% targets/stops to give it a bit more breathing room.