Wednesday, October 08, 2003

OVTI short. RMBS long reversal through the full target so with two trades to target we'll leave it there for the day. SLAB short. SINA holding long. SOHU triggered long.
Lots of trading ranges today. APPX flat. BRCM still short with a low of 30.05 x 1.03 = 30.95 so round up to the break of 31 for a long reversal. HEPH close to a short. JCOM flat. NFLX just triggered long.
OVTI short. RMBS short through the profit target so now looking for a trade #2 off the lows - currently that is 25.20 x 1.03 = 25.95 rounded up to 26 so the break of 26 to go long which has triggered. SLAB short with a swing low of 48.70 x 1.03 = 50.16 rounded up to 50.25 for a long reversal. SINA now long. SOHU flat.
APPX flat. BRCM just went short. HEPH flat. JCOM swing low 42.89 x 1.03 = 44.17 round up to 44.25 and that did trigger and the long reversal has gone through our profit target. So, now would look for a shorting opportunity calculated off the highs for the final #3 trade. NFLX short with a swing low of 42.05 x 1.03 = 43.31 so round up to 43.38 for a long reversal.
OVTI long initially reversed to short at 45.50 and swing low there 45.42 x 1.03 = 46.78 round up to 46.88 for a long reversal. RMBS flat. SLAB short. SINA flat. SOHU flat.
APPX flat. BRCM flat. HEPH flat. JCOM currently short swing low of 43.18 x 1.03 = 44.42 adjust up to 44.50 nearest 1/8th higher. NFLX flat.