Monday, September 29, 2003

RIMM remains long. SLAB flat settign a new high on the day so would set a new short off of that high. SINA had the break of 36 to go long and rallied through the profit target so two trades to target and done on SINA today. SOHU did reverse to long and the final reversal did make full target - 3rd trade so done there. TRMS short with a swing low of 24 x 1.03 = 24.72 or round up to 24.75 and that's where we are long from at this time.
APPX did go short with a swing low of 28.53 - enough for the 2% target but not 3%. 28.53 x 1.03 = 29.38 whihc is where we reversed to long and the long advanced through our profit target. Swing high of 31.11 x 0.97 = 30.17 so 30.12 is the current short set-up for a third and final trade there. BSTE flat. HEPH went long of swing low of 21.51 x 1.03 = 22.15 so round up to nearest 1/8th or 22.25. That long went to our profit target and with a short and long to full target we finished with HEPH on the day. JCOM bottomed on the short at 37.25 x 1.03 = 38.36 so round up to 38.38 and we reversed to long for a third and final trade. NTES now long with a target of 56.86 x 1.03 = 58.56 so round down to 58.50.
RIMM currently long with a swing high of 38.31 x 0.97 = 37.16 so round down to the nearest 1/8th or 37.12 to reverse to short at this time. SLAB the long would have hit its target on that early jump so we'll be looking for a first trade short instead with a swing high of 49.50 x 0.97 = 48.01 so the break of 48. SINA gapped and we missed the initial long -- we therefore looked for a short off the high and that was at 35.87 with a target of 34.88 that was just reached. Now looking for a second trade long off that swing low 34.88 x 1.03 = 35.92 so a break of 36 to go long. SOHU went long swing high of 33.40 x 0.97 = 32.39 so round down to 32.37 which is where we reversed -- the swing low has been 31.76 x 1.03 = 32.71 round up to 32.75 for a reversal to long -- we are now long for a final (3rd) trade on this stock today. TRMS currently short.
APPX flat. BSTE flat. HEPH has gone short and through the profit target in the decline. We'll look for a second trade long off the swing lows. JCOM long with a swing high of 39.50 x 0.97 = 38.31 round down to 38.25 which is where we are short from now. NTES flat.