Thursday, October 02, 2003

NFLX flat. OVTI long. SLAB flat. SINA flat. SOHU low 32.55 x 1.03 = 33.53 so round up to 33.63 for long reversal.
BSTE long. HEPH flat. JCOM flat. MGAM done. NTES reverse to long 57.31 x 1.03 = 59.03 so adjust up to 59.13 for the long.
NFLX short went to 36 x 1.03 = 37.08 round up to 37.13 and went long -- that long hit our profit target on trade #2 so now looking for one potential final trade short calculated off the highs. OVTI long. SLAB flat. SINA flat looking for the short off the swing highs. SOHU same story the swing high there has been 33.89 x 0.97 = 32.87 and that actually has triggered so short on trade #2.
BSTE long. HEPH the short is now through the profit target on trade #2. Would look now for a final third trade long coming off this move lower. JCOM through the profit target on the long. Swing high of 40.70 x 0.97 = 39.47 so round down to 39.37 for the current potential trade 2 short. MGAM short through our profit target on trade 2 so with two trades to full target we're done with MGAM today. NTES swing high of 59.17 x 0.97 = 57.39 round down to 57.37 for a potential short.
NFLX with big gap early no chance on the long so looking for a short to start -- high was 37.99 x 0.97 = 36.85 round down to 36.75 which is where we are short from. OVTI long. SLAB flat. SINA long through the profit target. Now looking for short set-up calculated off the high. SOHU long through the profit target. Looking now for a second trade short off the high.
BSTE long with a swing high of 28.40 x 0.97 = 27.54 so round down to the nearest 1/8th and 27.50 is short reversal area. HEPH long with a swing high of 20.98 x 0.97 = 20.35 round down to 20.25 which is where we reversed. JCOM long. MGAM missed short with sizable gap lower -- low was 34.89 x 1.03 = 35.93 so round up to 36 to go long. That triggered and went to our profit target at 37. Second trade 37 x 0.97 = 35.89 so 35.87 is a potential short. NTES long rallied through the profit target on first trade. Now looking for a second trade short calculated off the highs.