Tuesday, August 05, 2003

RIMM ended up reversing to a short after the long trade didn't get far -- peaking at 26.21
SINA - swing high of 34.69 x 0.97 = 33.64 so 33.62 is where we are short from currently.
NTES - swing high of 49.20 x 0.97 = 47.72 so round down to nearest 1/8th gives us a short of 47.62 which is open now.
CEPH to our profit target on the short so next trade in the series would be a long -- waiting on a clearer swing low to calculate from as we're about at lows of the day.
CHINA - swing high of 12.27 x 0.97 = 11.90 so round down to 11.87 for our potential short.
RIMM - low of 25.33 well through the short target had we been in before the early gap so looking for our first trade opportunity as a long 25.33 x 1.03 = 26.09 and round up to 26.13
ADRX - currently short - swing low so far of 19.38 x 1.03 = 19.96 and round up to the nearest 1/8th when going short to long so 20.00 -- a break of 20.00 needed at this point to reverse unless we get a new swing low to recalc.
SNIC - short to profit target so now looking for a long off the current swing low with the usual calculation.
SINA - currently long and to the target so now looking for a second trade from the short side.
FWHT - would have hit the 3% target area on the short side without the gap so now have to look for first trade as a long based upon swing low so far of 18.78 x 1.03 = 19.34 rounded up to 19.38
CEPH currently short after pulling up to our entry limit order