Monday, July 28, 2003

XINGE - originally went long and to target at 8.00 - that was the swing high so our short was 8.00 x 0.96 = 7.68 and rounded down to 7.62 -- the low has been 7.52 x 1.04 = 7.82 so rounded up to 7.88 to reverse to long for a trade #3 but looks like the short will hold into the close.
JCOM - first went long from our 55.35 trigger - -that reached a high of 56.29 x 0.97 = 54.60 and rounded down to the nearest 1/8th or 54.50 which is where we exited the long and went short -- that trade looks to be where we'll finish today -- no full target just some partial gains on the short.
IDCC - did trigger long - the swing high 18.61 x 0.97 = 18.05 so a break of 18.00 would be the stop and reverse -- very late in the day so likely to close trade in a few minutes at the closing bell.
CHINA - went long at 12.90 and had a short reversal at 12.75 which is the current trade as we near the close. No target reached on the short as of now.
SLAB - still holding onto the long -- calculate your short reversal off of the swing high at 38.00
BRCM - with a new swing low of 21.35 we recalc the potential long trade as 21.35 x 1.03 = 21.99 so a break of 22.00 for the long
HITK - currently long - the short reversal would be based on the current swing high of 26.60 x 0.97 = 25.80 and that rounds down to 25.75
SINA - long from 35.35 through the profit target. That trade now complete for us. Now will watch for a second trade short calculate off the swing highs.
NTES - new swing highs on the stock today so recalculate your potential short
BRCM - the short is finished as it would have hit its target -- we were not onboard due to the gap. So looking at a potential first trade long for us off the swing low of 21.55 x 1.03 = 22.20 and rounded up to the nearest 1/8th so 22.25
NTES - through our theoretical 3% long target here as well so first trade we can enter is a short -- the swing high so far is 43.67 x 0.97 = 42.35 and rounded down to 42.25 nearest 1/8th lower. If the swing high changes so will this potential calculation.
HITK - after the first 10 minutes reached a high of 26.69 so that would have been through our 3% profit target if we could have entered on our long trigger -- so we look for the first trade short off that peak of 26.69 x 0.97 = 25.88 which is right on the 1/2 and where we went short - the swing low has been 25.52 x 1.03 = 26.28 which rounded up is 26.38 (to nearest 1/8th higher when short to long) so that is our long reversal. This is a good example of the unique situation when we trade substantially higher early that we cannot wait on a pullback to go long since a long target was already hit in theory.