Spydertrader's Jack Hershey Equities Journal II

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I received a fill on 300 of the 500 shares I tried to get for FMCN. Current basis sits at $53.65 USD.

- Spydertrader

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1023439>
 

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Did anyone catch the ENER Train that left the building this morning. I watched it but stayed out. After all of this time I still lack the ability to recognize it early.
 
I entered into a small position with SIRF, and currently sit at break even with it.

- Spydertrader

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1023520>
 

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I continue to hold all shares of FMCN & SIRF. Actual volume for FMCN exceeded calculated FRV by end of day, and price returned to the short term up channel. Price did exit the channel today, but did not hit my stop offset line (purple). As a result, I felt it a no brainer to hold FMCN at least until tomorrow. SIRF, on the other hand remains more problematic. While Price has clearly moved off the bottom channel line, Volume fell short of FRV levels. However, the strong close at the end of the day convinced me to let SIRF run a few days to see if price doesn't resume an upward trend tomorrow.

I hope everyone enjoyed a profitable day.

- Spydertrader

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1023841>
 

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spydertrader, thanks for the charts... quite an interesting day today, some good signals... closed my position on IIJI... trades like this don't come very often :D

<img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=1023863"></img>
 

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I was in ENER from yesterday, but got taken out today at 45.06 in pre-market trading. This was my

I REALLY want to understand why, thank goodness I'm auto papertrading at the moment (to think I was going to go live yesterday)..

Also happened to my NTRI position at 38.81
 
yes, lots of good action today, I chased FMCN today, and got in at 54.10, hopefully it will ride a bit.

4X, on the chart above, what does "hh" mean? I am still working on learning how to draw these channels :)

thx
 
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