Spydertrader's Jack Hershey Equities Journal II

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Quote from wabrew:

Spyder - does your thinking that you posted on the bottom of page 228 on your first journal remain the same?
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Glad to see you have found a way to continue profiting from Hershey Stocks. I don't really consider what you do 'front running' in the general sense of the word, and even if I did, I hold to the comments I made back in Journal One. I neither move mountains, nor markets. Many different types of traders, with varying agendas, find their way into a Hershey Stock for innumerable reasons. We occasionally have Jim Cramer, and his show Mad Money, to thank for sending our stocks skyward. If not for what you term 'front running' we wouldn't receive the volume signal alerting us to enter a trade. Besides, sometimes those 'front runners' get it wrong, and their rapid exit, sends price plummeting - saving the rest of us a major loss. That is what makes a market. Without everyone playing their role, the markets wouldn't move an inch.

As long as your methods continue to make you money, you just keep on trading the way you have, and enjoy the rewards. I certainly haven't felt your hands in my pockets. Plenty of money in the market for us all.

Good Trading to you, and thanks for keeping us updated on your progress.

- Spydertrader
 
Today TASR's price action went against my position, but my analysis still holds, so I'm sticking with my trading plan: entered long at $10.71, stop offset $9.9. The volume seems to confirm that the last couple of days' price drop was a retracement.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1032929>
Quote from cnms2:

Last night I drew TASR's green channel in anticipation of its point 3, parallel to its last green channel. So far it came out pretty close.

http://www.elitetrader.com/vb/attachment.php?s=&postid=1031380
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Quote from wabrew:

Another confession - I did it again - "I am front-running you guys".
I did it last month on FORD - I do not know if you got a signal on that one.
And again the last few days on BNT. I hope you get a signal on this one!

I explained my thinking in a post in the original journal - I think this gets you there - http://www.elitetrader.com/vb/showthread.php?s=&postid=780057#post780057 - And, at that time Spyder (see the next post in that journal) did not have a problem with my activity prior to you getting your signals.

I find it very difficult to go through all the stuff you guys do to get signials, so, I just do fundamental analysis on some of your 'watchlist' stocks and make buy decisions based on other factors.

I do have to say thanks to all who are contributing to this Journal - you have really helped me in my selection process.

Spyder - does your thinking that you posted on the bottom of page 228 on your first journal remain the same?

Thanks, Wayne
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the reality is that these stocks are just 'darn good stocks'.
when you combine high quality with high repeatability (20% cycles)...you have a knock out combo. I've come to believe that you actually have to TRY to screw this stuff up.

as long as your entering somwhere in the 1-0-7 PV cycle, you are pretty much good to go. (and using logical stop offsets).

these stocks just have a general desire to rrrrrriiiiiisssssseeeeee


so technically, if you enter at the 1 portion, and someone else enters at the 0...and someone else enters at 7....Zero is 'front running' one, who is frontrunning seven...however, you have some FBO considerations during 1...whereas 7 has profit potential considerations...it's just a tradeoff.

good stuff however you slice it.
 
Hello Spydertrader et al,

I have recently started reading about the Hershey methods, and they look very good. More importantly is that the style of trading fits comfortably with my approaches.

I am in the process of reading the prior journal and links before I ask some dumb questions. It certainly is huge. To print this baby out is 1400 odd pages!! You may not hear from me again for a few weeks... :-)

I'm up to about page 40, and after a while it sort or grows on you...a bit like a mystery to see how the system unfolds.
Anyhow, its a great piece of work - its not often you get to see this type of insight into another persons (people - there are alot of contributors here!) trading behavior.

Thanks in advance to all who spent the time contributing to a great forum.

Cheers,

Cipher
 
yea... from a technical perspectvie BNT looks like a coiled spring... however, fundamentals do play some role... BNT could trade in DU for weeks, nobody knows.....

However, if they even do so much as fart some good news... we could be in for a ride :)

And the beauty of it is, all we have to do is wait for LowBand Volume to hit before 10:30-11am with MACD positive, Stochastics 80+ on an upward move, and we are likely making money :) Heck, I may not even know about the news until after I am in the trade, lol
 
Could anyone tell me if the MSN group is still active , or defunct?
I note the last post in the non menber section was middle of last year.
Thanks.
 
Quote from PARETO0:

Could anyone tell me if the MSN group is still active , or defunct?
I note the last post in the non menber section was middle of last year.
Thanks.
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I joined about a month ago but it appears to be inactive.

I think you're in "Hershey Central" right here at ET.
 
Quote from jonnyy40:

Could either of you grab DKMs bear market trading results from the MSN site and post them here,please?
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When previously asked for assistance, you responded,

"I'm already helping enough behind the scenes"

and

"I cannot provide details"

Yet, you now seem to expect the assistance of those that (unlike yourself) freely shares their ideas and input.

Ironic, Dont'cha Think?

- Spydertrader
 
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