Spydertrader's Jack Hershey Equities Journal II

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Quote from tradingbug:

You might enjoy reading this.

http://clearstation.etrade.com/cgi-...dhttp://clearstation.etrade.com/cgi-bin/focus
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Interesting you should post that article. Price on FMD shot through the roof in after hours trading. I couldn't pass up such a gift, so I sold 200 shares at the $46.15 USD price point (and banking $560 USD). While still holding 200 shares, price has already breached $47.00 USD as I typed this post. Say it with me now, Tomorrow's Newspaper, Today.

- Spydertrader
 
Quote from Spydertrader:

Interesting you should post that article. Price on FMD shot through the roof in after hours trading. I couldn't pass up such a gift, so I sold 200 shares at the $46.15 USD price point (and banking $560 USD). While still holding 200 shares, price has already breached $47.00 USD as I typed this post. Say it with me now, Tomorrow's Newspaper, Today.

- Spydertrader
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Nice trade; I made some money on it during the day but missed the after hours move.

Gee, this Jack stuff works!!!

Doug
 
Well... I sold all of my FMD right before the bell... I made about .90 on the trade I was so happy, until I saw that news clip about the BoA contract. WAAAAAHHHHH!!! :(

Oh well... making .90 is better than losing .90, haha...

I may try to jump in at the bell tomorrow....
 
Spyder, can you post a chart of FMD showing your trendline analysis? I am trying to learn a bit more about the Bruno method and I am looking for some pointers....

thx in advance! :D
 
Quote from chapper:

Spyder, can you post a chart of FMD showing your trendline analysis? I am trying to learn a bit more about the Bruno method and I am looking for some pointers....
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Increasing Price (red arrow), decreasing Volume (orange arrow), rising MACD and Stochastics (blue arrow). Also price rode the bottom trendline pretty close without breaking down.

- Spydertrader

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1029738>
 

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Spyder, I assume that for entry you are looking for:

i) Price improvement
ii) Dry Up exceeded, and
iii) MACD improvement?

This appears to me to be the entry crtieria from the Bruno_r post.
 
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