Friday, August 08, 2003

ADRX through the profit target on the short on the second trade.
AMLN - remains short with a reveral of 22.75
SOHU following the same pattern going short to target then reversing long to full target so also complete on the day for SOHU.
SINA through our short profit target. Then, bottomed at 26.50 x 1.03 = 27.29 so round up to 27.38 the nearest 1/8th higher and that trade also rallied through the profit target. Like NTES we now have two trades to full target so that's where we'll stop trading SINA for the day.
RIMM currently short from the reversal at 24.62
NTES went short and through our profit target. Bottomed at 38.81 x 1.03 = 39.97 so we round that up to 40.00 (up when looking to go long to the nearest 1/8th) so the break of 40 was our long trade and that rallied through our profit target. With two trades to full target in the books today we're done with NTES.
CVTX dropped to our profit target at 22.13 (23.80 x 0.97 = 22.11 and round up to nearest 1/8th for a short target). So, now looking for the potential second trade long off any swing low.
CEPH short has gone to our profit target at 44.13. Now looking for a potential second trade long -- the current swing low is 43.50 x 1.03 = 44.81 so round up to 44.88 when looking to go long and that is our current set-up - waiting.
ADRX peaked at 19.75 x 0.97 = 19.16 and round down to the nearest 1/8th when going long to short so 19.12 became our short reversal which has a target of 18.63
AMLN currently in the short
SINA - through the short profit target so looking at a next trade in the series long off the swing low with the usual calculation.
RIMM - started long on the pullback into 25.15 -- the high after the first 10 minutes of 25.50 x 0.97 = 24.73 so rounded down to a reversal of 24.62
ADRX long from 19.55 (corrected the entry from the first post this morning)