Tuesday, October 07, 2003

NFLX flat. OVTI still short. SLAB long. SINA short but watching for a cover off the swing low of 39.86 x 1.03 = 41.06 so rounded up to 41.13. SOHU holding short for now.
MGAM remains short but close on a long reversal. NTES low 64.31 x 1.03 = 66.23 rounded up to 66.25 for a long reversal.
NFLX through out long profit target on the first trade. Short based on the swing high which is currently 43.90 x 0.97 = 42.58 so the break of 42.50 for now. OVTI remains short. SLAB triggered a long reversal. SINA swing high of 41.54 x 0.97 = 40.29 so round down to 40.25 and just reversed there for our final trade short. SOHU looking to short off the high and that just triggered at 35.25.
APPX swing low on the second trade short was 26.05 x 1.03 = 26.83 which rounds up to 26.88 (nearest higher 1/8th) and that is where we reversed to long. That trade #3 rallied through our profit target and now flat since we had three trades total on the day. HEPH long just missed our profit target by a couple of pennies (though did make the 2%) so the swing high there was 19.85 x 0.97 = 19.25 which is where we exited and are flat for the balance of the day with three trades. JCOM through our profit target on the long so we are now done with JCOM today with two trades to full target. MGAM low of 36.55 x 1.03 = 37.64 rounded up to 37.75 for any potential long reversal so still short. NTES has reversed to short.
NFLX long. OVTI initially short with a low of 45.30 x 1.03 = 46.65 and that rounds up to 46.75 which would be our long reversal. SLAB went short initially with a low of 48.70 x 1.03 = 50.16 rounded up to 50.25 for a potential long reversal. SINA started short, swing low of 39.77 x 1.03 = 40.96 rounded up to 41 and we are long from there. SOHU started short swing low 34.22 x 1.03 = 35.24 so reversed to long at 35.25 that hit our profit target and we are now looking for a final trade short off the swing highs -- at this point that has been 36.43 x 0.97 = 35.33 rounded down to 35.25 nearest lower 1/8th.
APPX - first trade long after initial gap and drop with a swing low of 24.03 x 1.03 = 24.75 and that long is through our profit target. Second trade short off swing high of 27.28 x 0.97 = 26.46 rounded down to 26.37 (nearest lower 1/8th) and that is where we are now with a swing low so far of 26.05. HEPH went long to start the day swing high of 20.20 x 0.97 = 19.59 and rounded down to 19.50 where we reversed to short. That reversal hit our profit target on trade #2 and then went long off the swing low of 18.75 x 1.03 = 19.31 rounded up to 19.38. JCOM short initially and through our profit target. Trade #2 went long using swing low of 41.80 x 1.03 = 43.05 and that rounds up to 43.13 where we are now. MGAM currently short. NTES currently long swing high 67.39 x 0.97 = 65.36 which is our reversal.