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  1. M

    Spydertrader's Jack Hershey Equities Journal II

    Be aware that JMDT is in the process of being taken over by EA, so the stock should probably be discarded as a viable F.U. stock....
  2. M

    Spydertrader's Jack Hershey Equities Journal II

    I had a signal for NGAS right after the open.....a couple of trades in and it was already past DU volume, STOCH was above 80 and MACD was positive.... Obviously, people were positioning themselves for the energy report that was released around 1030....that's when the stock collapsed...
  3. M

    Spydertrader's Jack Hershey Equities Journal II

    So, anybody like me get ripped a new one with NGAS this morning? :eek: Also, I believe KNDL presented a signal, but I was away from the PC.... Perhaps Spydertrader had the right idea....take the week off...
  4. M

    Spydertrader's Jack Hershey Equities Journal II

    Excellent post Mike....Now, I must examine your .doc file....but again, excellent work!
  5. M

    Spydertrader's Jack Hershey Equities Journal II

    Spydertrader said you can choose a 5% or 2% trailing stop after the first day? I only remember reading about a 5% trailing stop after the first day. The only 2% stop I remember is the Ross Rule where you use a 2% hard stop based on entry price on the day of entry ONLY. If you hold past...
  6. M

    Spydertrader's Jack Hershey Equities Journal II

    No, that's not what I said....I think.... I bought VPHM on Friday.....thus, I switched to the 5% trailing stop after the first day....which means the 5% trailing stop went into effect 9:30am yesterday (Monday) morning....the high for Monday only got to $20.22, thus a 5% trail would be...
  7. M

    Spydertrader's Jack Hershey Equities Journal II

    The method calls for using a 5% trailing stop if all rules are met to carry the trade past the initial day.... So, I entered the trade @ 19.90 last week, it met all the criteria for carrying the trade overnight and beyond, so I set a 5% trailing stop......which was hit today..... Perhaps I...
  8. M

    Spydertrader's Jack Hershey Equities Journal II

    Trailing Stop on VPHM hit @ 19.13.....big fat loss on that one For those who short, there was a signal in BTUI this morning, that I didn't take because I am not shorting these signals right now....but if I was, I would have shorted this one at 13 if I could have gotten filled....
  9. M

    Spydertrader's Jack Hershey Equities Journal II

    5% trailing stop hit on PETS @ 14.12
  10. M

    Spydertrader's Jack Hershey Equities Journal II

    I don't really consider anything past 4:05 - 4:10pmET
  11. M

    Spydertrader's Jack Hershey Equities Journal II

    Maybe my way of doing things also alters the method, but if I see a stock very close to reaching FRV by EOD (and I mean, within 5-10 minutes of closing) then I basically count it as reaching FRV for purposes of holding onto the stock another day.... And in instances such as VPHM, where it is...
  12. M

    Spydertrader's Jack Hershey Equities Journal II

    Weird...I got into PETS yesterday at 14.13 and am still holding...no reason to bail yet....today's volume was also quite nice and prices held....my 5% trailing stop currently puts me at a slight profit I also got into VPHM today @ 19.90 and am still holding...it hit FRV by my volume...
  13. M

    Spydertrader's Jack Hershey Equities Journal II

    Actually, you're both right....note Dougcs' time zone.... PS. My du list matches yours with the exception of KNDL....KNDL did not make my list for Friday....
  14. M

    Spydertrader's Jack Hershey Equities Journal II

    I may end up paying for my lack of trust in my initial judgement (not to buy any on the way down), but I just wasn't impressed with the afternoon volume during the freefall....and had I been in front of my computer this morning, I would have definitely been in this stock, and would still be...
  15. M

    Spydertrader's Jack Hershey Equities Journal II

    OK, I'm weak....I picked up some at $14.13.....couldn't resist.
  16. M

    Spydertrader's Jack Hershey Equities Journal II

    Ouch...Pets just fell off a cliff....volume isn't all that impressive on the way down compared to all the way up earlier....still don't think I'm gonna pick up any shares, unless it goes down to 14.13....but if that happens, it's not a good sign at all.... So, no matter what, I ain't getting...
  17. M

    Spydertrader's Jack Hershey Equities Journal II

    Yes, no doubt PETS is turning into quite a play so far....10:50am ET I was on the road.....lol :mad: :( :mad: Congrats to those that have this one....
  18. M

    Spydertrader's Jack Hershey Equities Journal II

    I wanted to get into Pets....between my commute to my real job, I missed out....:(
  19. M

    Spydertrader's Jack Hershey Equities Journal II

    My DU list for Thursday: KNDL, LIFC, NGPS, PETS, VPHM
  20. M

    Spydertrader's Jack Hershey Equities Journal II

    I have always been a bit wary of the data on the WealthLab website, if only because at times, it seems they have updated some stocks, and not others, with today's data. What you are seeing may be another quirk, and another reason to get a hold of Wealth-Lab Developer....through Fidelity....
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