Wednesday, October 22, 2003

OVTI currently short. RMBS went short and targeting 24.13. Current swing low of 24.35 x 1.03 = 25.08 and adjust up to 25.13 for a long reversal. SINA went long with a swing high so far of 38.98 x 0.97 = 37.81 and adjust down to 37.75 for a short reversal. SOHU went long with a high of 34.10 x 0.97 = 33.07 so a break of 33 to reverse to short which we just did. WEBX currently short.
CELG went short with a target of 40.52 x 0.97 = 39.30 and round up to 39.38. Current low is 39.56 x 1.03 = 40.75 for our long reversal. HEPH started short hit a low of 17.51 x 1.03 = 18.03 and adjust up to 18.13 for a long reversal. JCOM flat. JOSB started short and that was to target at 40.00. The swing low was 39.75 x 1.03 = 40.94 and adjust up to nearest higher 1/8th and get 41 and that long trade also went through the full target. With two trades to full target that would finish us for the day on JOSB. NFLX started short hit a low of 52.15 x 1.03 = 53.71 so adjust upt to 53.75 where we reversed to long. Swing high there of 54.35 x 0.97 = 52.71 and adjust down to 52.62 for a short reversal.