Tuesday, September 30, 2003

OVTI flat. RIMM to our short profit target - swing low of 36.87 x 1.03 = 37.97 so round up to 38 - a break of 38 is our long. SINA swing low of 36.51 x 1.03 = 37.60 round up to 37.63 and reversed to long. Swing high on the long so far is 37.99 x 0.97 = 36.85 so round down to 36.75 (nearest 1/8th lower) and that would be current short reversal. SOHU short reached 32.40 x 1.03 = 33.37 so 33.38 became long reversal which did trigger -- just to 33.45 so far so watch for potential short reversal for a final trade. TRMS long.
APPX short reversal but only to 31.20 x 1.03 = 32.13 which is where we reversed to long for a third and final trade. BSTE flat. HEPH flat. JCOM long. NTES short low so far of 56.20 x 1.03 = 57.88 which is the long reversal - and that did trigger so currently long.
OVTI flat. RIMM short with a target of 37.93 x 0.97 = 36.79 round up to 36.88. SINA short. SOHU short. TRMS flat.
APPX long swing high 32.33 x 0.97 = 31.36 round down to 31.25 for short reversal. BSTE looking for a first trade short since long was up towards the target area within a few cents -- 28.84 x 0.97 = 27.97 round down to 27.87 for a short. HEPH flat. JCOM started long, reversed to short at 37.50 hit a swing low of 37.35 x 1.03 = 38.47 so the break of 38.50 is the long reversal -- volatile and choppy and on our third trade already so this will be it for JCOM today. NTES short.