Friday, August 01, 2003

SNIC - short from 13.00 which is where we are with the trade now -- trade number 2 -- the swing low of 12.75 x 1.03 = 13.13 which would be the long reversal.
SINA through its profit target at 33.38
NTES - through the short profit target at 48.25 (49.65 x 0.97 = 48.16 and round up to the nearest 1/8th to set a short profit target)
HITK - remains short - targeting the 25.00 area
SOHU to our short profit target so now looking for a long off the swing low
SINA - currently short - the swing low so far is 33.80 x 1.03 = 34.81 and round up to the nearest 1/8th when going short to long so 34.88 becomes our current long reversal.
NTGR - the long hit our profit target. At this point we would be looking for a 'simulated' short because we cannot take that short and would have to wait for that to trigger on paper -- and then look for a potential second trade for us long.
NTES - currently short -- looking for a swing low to start calculating potential long reversals.
HITK - on the short the current swing low is 25.35 x 1.03 = 26.11 so 26.13 becomes the long reversal
SNIC - the long triggered and through the profit target. Second trade looking for a short off the swing high so far of 13.05 x 0.97 = 12.65 and round down to 12.62
SOHU - currently short.
SINA - in the short.
PCNTF - no trade yet but volume slipping there so could be last day of trading this one for a bit until it picks back up. Chart getting very chopped intraday.
NTGR - the short triggered and would have worked but no shorting a new IPO issue. So, we look for first trade long off the swing low of 16.06 x 1.03 = 16.54 and round up to 16.63
IDCC - gap lower and initial move to the short target - could not catch it so now we are looking for a first trade possibility long off the swing lows.
HITK - currently in a short just entered
ADRX - no short as it gapped and moved lower to the target area so first trade looking for a long off the swing low of 21.52 x 1.03 = 22.17 and round up for a long to 22.25 (up to nearest 1/8th)