Friday, October 10, 2003

NFLX long. OVTI long. RMBS flat looking for a short off the highs. SINA swing low 40.30 x 1.03 = 41.50 becomes our long reversal. SOHU reversed to short at 36.50.
APPX long. BRCM short with a swing low of 30.79 x 1.03 = 31.71 adjusted up to the nearest 1/8th or 31.75 for a long reversal. HEPH reached the profit target on the short for trade #2. Now looking for a long off the lows -- it is setting lows now or near so will want to set that using our usual calculation + 3%. INSP flat. JCOM long.
NFLX long with a high of 44.45 x 0.97 = 43.11 adjusted down to 43 for a short reversal (break of.) OVTI currently long with a high of 47.45 x 0.97 = 46.02 so break of 46 to reverse. RMBS short initially low of 24.91 x 1.03 = 25.66 rounded up to 25.75 for a long reversal and that hit our profit target. Trade #3 would be a short off the swing highs so far that is 26.62 x 0.97 = 25.82 rounded down to 25.75. SINA triggered long swing high of 41.87 x 0.97 = 40.62 and we are currently short. SOHU long.
APPX currently long with a swing high of 28.06 x 0.97 = 27.21 rounds down to 27.12 nearest lower 1/8th. BRCM flat. HEPH the short wasn't taken since the target of 16.25 was hit before we could enter -- the swing low was 16.21 x 1.03 = 16.69 rounded up to 16.75 and that's where we went long it made the 2% but not the 3% target and swing high of 17.15 x 0.97 = 16.63 adjusted to 16.62 was the short reversal for trade #2 which is open now. INSP flat. JCOM long from 45.08 swing high of 45.58 x 0.97 = 44.21 rounded down to 44.12 for a short reversal swing low of 43.11 x 1.03 = 44.40 adjusted up to 44.50 which was the current long reversal -- very active/choppy so on the final trade already today on JCOM.