Friday, September 12, 2003

RIMM short. SLAB long with a new swing high of 49.24 to base any potential exit off of. SINA flat. SOHU flat. TRMS did reverse to short which is current open trade.
HITK flat. JCOM flat. MSTR long. NANO flat. NTES flat.
RIMM short. SLAB long. SINA flat. SOHU flat. TRMS long with a swing high of 38.25 x 0.97 = 37.10 so the break of 37 is short reversal.
HITK flat. JCOM flat. MSTR we did reverse to long. Profit target 47.50. Short reversal based on current swing high of 47.19 x 0.97 = 45.77 so round down to 45.75. NANO long reversed to short at 13.90 x 0.97 = 13.48 so round down to 13.37 that reached 13.12 x 1.03 = 13.51 so round up to 13.63 and that ended up closing out at flat -- three trades - - way too volatile for a low dollar stock so we're sidelined there for the rest of the day. NTES flat.
RIMM currently short -- profit target 32.20 x 0.97 = 31.23 and round up to the nearest 1/8th for short targets or 31.25. Swing low 31.68 so far x 1.03 = 32.63 which would be our long reversal. SLAB long. SINA flat. SOHU flat. TRMS long.
HITK flat. JCOM flat. MSTR short with a swing low (after the first 10 minutes which we ignore) of 44.75 x 1.03 = 46.09 so round up to 46.13 and that is our current long reversal. NANO went long at the 13.85 entry. NTES flat.