Wednesday, August 06, 2003

SNIC through the profit target on the short (10.88) and now long from the swing low of 10.79 x 1.03 = 11.11 or 11.13 wiht the rounding
SOHU long from the swing low 32 x 1.03 = 32.96 so the break of 33 which is where we are long from on trade 2.
SINA long reversal on the third trade through the profit target at 32.50 so now finished with SINA today with 3 trades completed.
RIMM long from 23.50 x 1.03 = 24.20 so rounded down to the nearest 1/8th when figuring our long target gives us a target of 24.12 which has been reached. So, now looking for a potential short.
NTES long from the break of 45
COST still holding short - swing low of 28.83 x 1.03 = 26.69 and rounded up to 26.75 which is where we have our potential long reversal at the moment.
SINA second trade today was a short and through the target so now trading the third and final trade long.
CHINA - spiked down hard with a low of 9.40 x 1.03 = 9.68 which then went to the target quickly -- had to be watching that one to catch as this was a fast move in both directions but had plenty of leeway even if you had slippage or caught it a bit late. Three trades on CHINA so done for the day there at least for us.
RIMM - after the gap down and lower early trade we couldn't catch the short so first trade setting up would be a long -- swing low of 22.72 x 1.03 = 23.40 and round up to 23.50 so on the break of that level we are now long.
SOHU - shorted with the first trade and that is now to our profit target. Will look for a second trade on the long side.
SINA - first trade long with a quick reverse off the swing high of 33.48 and current short.
NTES - went short and through the profit target so now looking for a second trade this time long.
CHINA - long made the 2% target strategy not the 3% and the swing high of 12.56 x 0.97 = 12.18 so we round down when going long to short to 12.12 and that's where we went short --- that has already reached profit target on trade 2, so we have one trade possibility left - a long off whatever the swing low is in this move.