Wednesday, September 10, 2003

NTES swing high was 60.02 on the long x 0.97 = 58.21 so 58.12 is the current short reversal. PLMD flat. RIMM short from 33.90 did hit the profit target. Now looking at the long with a swing low of 32.26 x 1.03 = 32.23 so 33.25 is currently the long set-up. SINA through the long profit target. Swing high of 36.79 x 0.97 = 35.68 so 35.62 is current potential second trade short. SOHU long.
CDWC long. HITK did reverse to short at 32.62 for trade #2. That trade reached our profit target and had a swing low of 31.26 x 1.03 = 32.20 so round up to 32.25 for our third and final trade on the stock a long. JCOM currently short from 36.37 did reach the 2% target area for that strategy -- otherwise we're looking for 35.38 target with a swing low so far of 35.55.
NTES long. PLMD flat. RIMM currently short. SINA long from 35.35 with profit target 36.37. SOHU long.
CDWC flat. HITK currently long with a swing high of 33.72 x 0.97 = 32.70 so round down to nearest 1/8th for a short reversal and that is 32.62. JCOM initially short from 36.20 - did reach the 2% target for those using that strategy. The low was 35.33 x 1.03 = 36.38 which was the long reversal. Went long and that reached the profit target at 37.38. Swing high of 37.49 x 0.97 = 36.37 which became our short reversal which is where we are now. That is the third and final trade for JCOM -- very volatile today and 3 trades is our max regardless. MSTR flat. NANO flat.