Quote from firscall:
I don't know a thing about Jack's reputation (except for what I have read in this thread) but based on his post this chap definitely understands the market.
I don't know if he understands himself or whether he makes a profit (how would I afterall) but he certainly understands the market.
The following trades were made using the Jack Hersey method. If his system performs like this why are so many people knocking him?
50,000
Entry Date Exit Date Score Symbol Shares Entry Shares Exit Profit %
01/10/2004 04/10/2004 0 HANS 400 25.1 200 26.44 $268 5% 50,268
01/10/2004 08/10/2004 0 HANS 200 25.33 $46 wash $50,314
04/10/2004 05/10/2004 7 ANIK 200 15.15 200 14.36 ($158) -5% $50,156
04/10/2004 06/10/2004 1 LIFC 200 10.47 200 9.97 ($100) -5% $50,056
06/10/2004 06/10/2004 0 ALDN 400 24.8 400 24.95 $60 wash $50,116
13/10/2004 29/10/2004 0 UBET 2800 3 2800 3.2 $560 Documented loss but ACTUAL gain 7.50% $50,676
25/10/2004 25/10/2004 7 IDSA 1800 11 1800 12.13 $2,034 10% $52,710
27/10/2004 27/10/2004 0 IDSY 1250 13.91 625 14.71 $500 7% $53,210
27/10/2004 29/10/2004 0 IDSY 625 14.9 $618.75 5% $53,829
29/10/2004 29/10/2004 7 ANIK 700 12.89 700 11.6 $903 Short Sale 10% $54,732
04/11/2004 04/11/2004 0 HANS 500 27.7 500 26.1 $800 Short Sale 6% $55,532
04/11/2004 04/11/2004 0 IDSY 400 14.94 400 15 $24 wash $55,556
11/11/2004 11/11/2004 1 SINA 200 36.46 200 37.46 $200 3% $55,756
11/11/2004 11/11/2004 7 HLEX 500 13.98 500 13 $490 Short Sale posted late 7% $56,246
17/11/2004 26/11/2004 1 CALM 900 13.43 900 13.53 $90 1% $56,336
17/11/2004 26/11/2004 7 SWIR 600 19 600 19.69 $414 4% $56,750
22/11/2004 22/11/2004 0 PETD 450 35.58 450 36.96 $621 4% $57,371
01/12/2004 02/12/2004 0 NTES 400 53.89 400 55.2 $524 2% $57,895
13/01/2005 13/01/2005 7 ANIK 1500 8.61 1500 8.65 $60 wash $57,955
04/02/2005 07/02/2005 1 ELOS 700 29.89 700 30.61 $504 2% $58,459
04/02/2005 07/02/2005 0 UBET 3100 4.98 3100 5.7 $2,232 14% $60,691
11/02/2005 15/02/2005 1 COGT 1000 30.45 1000 32.37 $1,920 6% $62,611
15/02/2005 16/02/2005 0 MFLX 1000 21.67 1000 22.4 $770 3% $63,381
22/02/2005 28/02/2005 7 IPXL 1000 17.35 1000 17.38 $30.00 wash $63,411
28/02/2005 28/02/2005 1 TOPT 1000 21.3 1000 20.95 ($350) -1.60% $63,061
28/02/2005 28/02/2005 0 PACT 1000 7.65 1000 9 $1,350 17.60% $64,411
15/03/2005 18/03/2005 7 ELOS 800 28.65 800 32.26 $2,888 12.60% $67,299
24/03/2005 14/04/2005 7 CUTR 500 18.55 500 18.82 $135.00 1% $67,434
15/04/2005 15/04/2005 1 EZPW 1000 13.39 1000 12.08 $1,310 Short Sale 9.70% $68,744
20/04/2005 20/04/2005 1 MIPS 3000 8.23 3000 7.91 $960 Short Sale 3.80% $69,704
21/04/2005 22/04/2005 0 MFLX 1500 19.76 1500 19.81 $75 wash $69,779
09/05/2005 10/05/2005 0 TASR 2900 9.74 2900 11.01 $3,683 13% $73,462
10/05/2005 11/05/2005 7 EXM 500 16.62 500 16.92 $150 2% $73,612
12/05/2005 17/05/2005 0 ELOS 1000 28.05 1000 31.4 $3,400 12% $77,012
12/05/2005 18/05/2005 0 JUPM 1000 16.57 1000 19.02 $2,450 14.70% $79,462
18/05/2005 18/05/2005 5 EXM 1000 15.7 1000 15.7 $0 wash $79,462
23/05/2005 24/05/2005 0 SIGM 2000 8.08 2000 8.5 $840 5% $80,302
23/05/2005 23/05/2005 0 SNDA 500 33.4 500 33.42 $10 wash $80,312
25/05/2005 27/05/2005 0 EXM 1600 15 1600 16.1 $1,760.00 7.30% $82,072
31/05/2005 01/06/2005 1 BCSI 500 19.39 500 19.53 $70 wash $82,142
01/06/2005 01/06/2005 5 USG 500 46.3 500 46.53 $115 wash $82,257
02/06/2005 03/06/2005 0 SNDA 700 38.2 700 37.3 ($630) -2.30% $81,627
09/06/2005 15/06/2005 7 MCRI 500 21.25 500 21.8 $275 posted late 2.50% $81,902
10/06/2005 10/06/2005 0 EXM 1000 16.4 1000 16.15 ($250) -1.50% $81,652
15/06/2005 15/06/2005 2 JUPM 1500 18.4 1500 18.03 ($555) -2% $81,097
16/06/2005 17/06/2005 5 MCRI 1000 22.44 1000 22 ($440) -2% $80,657
16/06/2005 17/06/2005 0 EXM 1000 16.4 1000 16.9 $500 3% $81,157
22/06/2005 26/06/2005 5 DCAI 1600 21.38 1600 24.4 $4,832 14% $85,989
30/06/2005 01/07/2005 2 EZPW 2000 10.3 2000 11.36 $2,120 10% $88,109
05/07/2005 06/07/2005 0 TRGL 1000 24.89 1000 27.4 $2,510 10% $90,619
05/07/2005 05/07/2005 7 UBET 1300 5.31 1300 5.55 $312 4.50% $90,931
05/07/2005 05/07/2005 4 ENER 1000 23 1000 23.07 $70 wash $91,001
05/07/2005 05/07/2005 0 DCAI 1000 22.15 1000 21.7 ($450) -2% $90,551
06/07/2005 06/07/2005 7 MCRI 1000 22.92 1000 23.12 $200 wash $90,751
07/07/2005 11/07/2005 5 MFLX 1000 19.4 1000 21.4 $2,000 10% $92,751
07/07/2005 07/07/2005 7 IIG 2000 10.99 2000 11.01 $40 wash $92,791
11/07/2005 11/07/2005 5 JUPM 1000 19.59 1000 19.66 $70 wash $92,861
11/07/2005 12/07/2005 4 FORD 1000 20.08 1000 21.08 $1,000 posted late 4.70% $93,861
18/07/2005 18/07/2005 5 ENER 1000 23.1 1000 22.99 ($110) <1% $93,751
18/07/2005 18/07/2005 0 CMT 2000 10.55 2000 10.33 ($440) -2% $93,311
20/07/2005 25/07/2005 5 NGPS 1000 32.5 1000 36.5 $4,000 12% $97,311
20/07/2005 20/07/2005 5 UBET 4000 5.75 4000 5.8 $200 wash $97,511
20/07/2005 22/07/2005 4 MCRI 1000 25.38 1000 25.08 ($300) -1% $97,211
25/07/2005 25/07/2005 5 FORD 1000 21.5 1000 23.85 $2,385 11% $99,596
01/08/2005 01/08/2005 5 SNHY 1000 31.5 1000 31.8 $300 1% $99,896
02/08/2005 04/08/2005 4 ENER 1000 25.9 1000 26.71 $810 3% $100,706
03/08/2005 03/08/2005 0 JMDT 1000 29.32 1000 29.15 ($170) <1% $100,536
16/08/2005 16/08/2005 0 NGPS 1000 25.32 1000 24.99 ($330) 1% $100,206
16/08/2005 16/08/2005 0 HANS 1000 44.75 1000 44.11 ($640) 1% $99,566
19/08/2005 19/08/2005 0 NGPS 1000 24.94 1000 25.35 $410 1.60% $99,976
22/08/2005 22/08/2005 4 FORD 1000 25.65 1000 25.49 ($160) 0.50% $99,816
22/08/2005 22/08/2005 7 HANS 1000 44.87 1000 45.8 $930 2% $100,746
23/08/2005 23/08/2005 0 DCAI 1000 18.62 1000 19.15 $530 3% $101,276
23/08/2005 24/08/2005 2 RTSX 1000 26.3 1000 26.85 $550 2% $101,826
24/08/2005 25/08/2005 5 NGPS 1000 26.75 500 28.36 $805 6% $102,631
24/08/2005 25/08/2005 5 NGPS 500 27.13 $190 1.5% $102,821
24/08/2005 24/08/2005 0 NFLX 1000 21.55 1000 21.12 ($430) 2% $102,391
29/08/2005 29/08/2005 0 TRGL 400 30.75 400 30.13 ($248) 2% $102,143
30/08/2005 30/08/2005 2 JMDT 1000 23.1 1000 23.71 $610 2.60% $102,753
30/08/2005 30/08/2005 2 IIG 1000 8.07 1000 7.99 ($80) -1% $102,673
30/08/2005 30/08/2005 0 FORD 1000 25.23 1000 25.8 $570 2.20% $103,243
30/08/2005 30/08/2005 0 RADS 1000 11.85 1000 11.83 ($20) <1% $103,223
01/09/2005 01/09/2005 5 CMT 1000 6.91 1000 6.81 ($100) 1.50% $103,123
01/09/2005 01/09/2005 0 IIG 1000 8.07 1000 8.035 ($35) <1% $103,088
07/09/2005 07/09/2005 7 IIG 1000 8.42 1000 8.43 $10 wash $103,098
08/09/2005 08/09/2005 7 FORD 1000 27.48 500 28.8 $660 5% $103,758
08/09/2005 09/09/2005 7 FORD 500 29.5 $1,010 7% $104,768
08/09/2005 08/09/2005 1 SNHY 1000 20.67 1000 20.69 $20 wash $104,788
09/09/2005 13/09/2005 5 IRIS 1000 18.02 1000 18.25 $230 1% $105,018
13/09/2005 13/09/2005 2 CKCM 1000 18.33 1000 18.05 ($280) -1.50% $104,738
14/09/2005 14/09/2005 0 VDSI 1000 10.26 1000 10.13 ($130) 1.20% $104,608
16/09/2005 19/09/2005 0 ELOS 1000 38.2 1000 38.55 $350 1% $104,958
16/09/2005 19/09/2005 0 IRIS 1000 18.17 1000 18.4 $230 1% $105,188
16/09/2005 16/09/2005 0 SNHY 1000 21.98 1000 22.24 $260 1.20% $105,448
26/09/2005 26/09/2005 5 CKCM 1000 19.89 1000 19.09 $190 1% $105,638
26/09/2005 26/09/2005 0 ELOS 1000 36.38 1000 36.68 $300 1% $105,938
29/09/2005 04/10/2005 0 VPHM 1000 20.66 1000 21.07 $410 2% $106,348
30/09/2005 30/09/2005 0 CTHR 1000 24.69 1000 25.01 $320 1.30% $106,668