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  1. stevegee58

    Spydertrader's Jack Hershey Equities Journal II

    Aiee. Man something happened at 2:45 and the price dropped like $1 in 5 minutes. I've pushed the stop to BE just in case. I was going to probably be out of this by end of day because the volume isn't looking like it'll reach FRV anyway. *later* Out at breakeven. What a pisser. Once...
  2. stevegee58

    a sign of the times

    Don't we call that a market order?
  3. stevegee58

    a sign of the times

    Yes, sort of the flip-side (so to speak) of http://condoflip.com/
  4. stevegee58

    Spydertrader's Jack Hershey Equities Journal II

    There was no gap that I'm aware of for IPSU today. Volume, EPS and the other culling factors are used for a stock gaining initial entry into the Final Universe (plus having Hershey rank). Once a stock is in the Final Universe, the only thing that knocks it out is loss of Rank using the...
  5. stevegee58

    Gold correction has ended

    Um, actually current price is *right* at the down-sloping trend that caught the swing highs from May and July. It'll need to actually break out from this downtrend line to change direction. It's just an observation and I'll be watching what happens with great interest.
  6. stevegee58

    Spydertrader's Jack Hershey Equities Journal II

    Low band dry-up volume signal, all other signals in place. Long IPSU 28.17
  7. stevegee58

    Spydertrader's Jack Hershey Equities Journal II

    I was doing some science experiments with different watch lists besides the Hershey Final Universe, just to see what came up. I had some interesting results. 1) Of the S&P 500 stocks, only one had rank and that was GM. 2) Of the Nasdaq 100 stocks, *none* had rank. 3) Of the IBD 100 (a...
  8. stevegee58

    Spydertrader's Jack Hershey Equities Journal II

    I've been trading forex along with stocks and found that I miss out on lots of action during the European markets (I'd have to get up at 3 AM). On the other hand, Europeans get to come home from their day jobs and trade the US markets! Sounds like Europe is the place to be for trading...
  9. stevegee58

    Spydertrader's Jack Hershey Equities Journal II

    Hey it happens. At least it's only 2%. I used to let my losses run until I "got the religion" and put in stops and left 'em there. Besides, nothing says you can't re-enter a position after being stopped out. After all the stock still falls into the "high quality universe" of stocks and...
  10. stevegee58

    Spydertrader's Jack Hershey Equities Journal II

    FTEK signaled a buy this morning. However, earnings had been announced at 0900 (30 minutes before market open) so I was cautious on this one and waited for follow-through. Follow-through did not occur and I did not enter a trade. Speculation: the news was good and all the various dentists...
  11. stevegee58

    Spydertrader's Jack Hershey Equities Journal II

    Damn, got spanked on GIGM but it wasn't too bad really due to the tight stop...
  12. stevegee58

    Spydertrader's Jack Hershey Equities Journal II

    Understood. My late entry was right at the 38.2% fib retracement of today's big move up. It seems to be holding but I have a tighter-than-usual stop on it.
  13. stevegee58

    Spydertrader's Jack Hershey Equities Journal II

    Long GIGM $9.20 GIGM hit FRV around noon.
  14. stevegee58

    Spydertrader's Jack Hershey Equities Journal II

    Stopped out of NEU at 52.41 at the 5% trailing stop. $0.52 profit isn't much considering the MFE was over $3! Maybe I need to start scaling out, Spydertrader?
  15. stevegee58

    Spydertrader's Jack Hershey Equities Journal II

    GIGM gave a nice signal today. Unfortunately I missed a good entry due to an interruption. I'm still looking for a dip to try to get in anyway. Earnings are due out on GIGM on 8/8, next Tuesday making for a nice short term play.
  16. stevegee58

    Spydertrader's Jack Hershey Equities Journal II

    NEU hit FRV so I'm holding overnight.
  17. stevegee58

    Spydertrader's Jack Hershey Equities Journal II

    LOL, how do you spell "wahooooooooo!"
  18. stevegee58

    Spydertrader's Jack Hershey Equities Journal II

    Long NEU $51.89 at 10:30 Looks like it's heading for Average DU by 11:00: a promising sign.
  19. stevegee58

    Spydertrader's Jack Hershey Equities Journal II

    Spyder, would you say that waiting until *after* the news is out would be prudent? It seems like even though there was a really good canonical LBDU buy signal today it could all go in the crapper in an instant.
  20. stevegee58

    Spydertrader's Jack Hershey Equities Journal II

    It was awfully quiet around here without you spydertrader. I guess tonight's the night to cull final universe stocks that no longer have rank? One thing I've noticed is the dearth of new final universe additions lately.
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