Spydertrader's Jack Hershey Equities Journal II

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I exited PWEI when it became clear I had jumped into another FBO today. As a result, my combined losses for two trades (including commissions) equaled -$49.30 USD.

- Spydertrader

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1092956>
 

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I exited IVAC for a wash when I estimated it would not reach FRV today. Do most people hold in this situation? I didn't see the point in risking a loss when I was almost certain it would not reach FRV.
 
Anyone catch GIGM today? I had it on my WL, but I'm not currently trading (paper or otherwise) due to business at my day job.

It had a nice move today and in my eyeball test it looks to have made FRV. It had several low volume days in a row bordering DU. Sure would have made a nice trade on a dismal day like today.

-ace
 

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Quote from mattjbarlow:

I exited IVAC for a wash when I estimated it would not reach FRV today. Do most people hold in this situation? I didn't see the point in risking a loss when I was almost certain it would not reach FRV.
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I did the same thing with PWEI. Once it became clear to me PWEI wasn't going to head higher today, I exited. I too see no reason to hold when momentum continued to push price in the opposite direction of my trade.

Quote from acesheet:

Anyone catch GIGM today?
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I also had GIGM on my list of stocks to watch today. Had it not been for the opening 5% gap, I might have traded GIGM today. In hindsight, I should have continued to monitor the stock until I knew for sure it which way price planned to head. The morning gap placed price just underneath an upper down channel line made awhile ago. Had I shown a bit of patience with GIGM, I might have had a nice trade. See Acesheet's Chart attached below.

- Spydertrader

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1093106>
 
Quote from chapper:

Here is what I have in DU, whats everyone else watching?

BITS BNT BTUI CNTF NWRE REDF SFCC
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Mine is the same as yours, except I don't have BITS but I do have TASR added. I can't find any quarterly EPS data on BITS for some reason. I checked MSN, Yahoo, and Zacks.
 
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