Thursday, October 09, 2003

OVTI high of 48.33 x 0.97= 46.88 rounded down to 46.87 current position. RMBS short. SLAB long. SINA went short at 43.79 x 0.97 = 42.47 rounded down to 42.37 and that's to target. SOHU short at 38.65 x 0.97 = 37.50 and flat to target.
APPX holding long. BRCM short set at 31.93 x 0.97 = 30.97 so would round down to 30.87 (getting late so likely won't play). HEPH flat. JCOM short to our profit target. NFLX high of 45.20 x 0.97 = 43.84 rounded down to 43.75 which is where we're short.
OVTI watching for a short off the highs - currently that is 47.95 x 0.97 = 46.51 so adjust to 46.50 for a short at this time. RMBS flat. SLAB long. SINA looking for a short off the highs which is so far 43.79 x 0.97 = 42.47 so adjust down to 42.37. SOHU has a high of 38.65 x 0.97 = 37.49 adjusted to 37.37 for its potential short.
APPX long. BRCM rallied through our long target so now looking for a short opportunity for trade #2 off the highs. HEPH long on final trade. JCOM holding short. NFLX through the profit target on the long so will look for a trade #2 off the highs short.
OVTI missed the long with the early gap and run so will look for a first trade short off the highs. RMBS flat. SLAB currently long with a high of 51.07 x 0.97 = 49.53 so rounded down to nearest 1/8th or 49.50 to reverse to short. SINA long gapped so missed that looking for a short off the swing highs. SOHU same story with the large gap so will be looking for shorting opportunity.
APPX currently long swing high 28.14 x 0.97 = 27.29 round down to 27.25 for short reversal. BRCM long. HEPH started long then reversed to short off the swing high and short through the profit target. Now looking for a trade #3 off the lows of 17 x 1.03 = 17.51 rounded up to 17.63. JCOM initially long with a high of 47.91 x 0.97 = 46.46 rounded down to 46.37 which is where we reversed to short. NFLX long with a target of 44.87.