Spydertrader's Jack Hershey Equities Journal II

[Spydertrader]

Quote from tradingbug:

ENER BO as anticipated. Your buy was perfect Spyder.

Thank you. I hope many of you had a piece of ENER as well. Still holding my shares.

- Spydertrader

 

[Spydertrader]

Even though actual Volume for ENER approached FRV levels, Price could not seem to break through the upper trendline. As a result, I sold all shares of ENER at the $51.00 USD price point. See attached trade confirmations and chart.

- Spydertrader

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1041533>

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1041536>

 

[Spydertrader]

<img src=

 

[4XIS4U]

Quote from Spydertrader:

Even though actual Volume for ENER approached FRV levels, Price could not seem to break through the upper trendline. As a result, I sold all shares of ENER at the $51.00 USD price point. See attached trade confirmations and chart.

- Spydertrader

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1041533>

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1041536>

nice call spyder .. thank you!

what's the re-entry point in your opinion?

 

[4XIS4U]

Quote from 4XIS4U:

I'm sure you guys are on top of that but CNTF looking pretty healthy lately IMHO.

Daily Chart
<img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=1034783"></img>

CNTF continues to hold nicely... now making Higher Highs on 30 mins...

 

[Spydertrader]

Quote from 4XIS4U:

what's the re-entry point in your opinion?

ENER has definitely shown a ton of strength today. I tried several times to add on shares - only to watch price shoot right up and away before I could place the order. As to a 'good' point at which one might jump back into ENER, I cannot say. However, price currently has exceeded the most recent high (4-3-2005), and a daily chart shows the possibility of price making it to the $55.00 USD price point. The 'intertwining' Stochastics (14,1,3) shown currently by ENER, Jack has often mentioned as a positive sign. I do plan to monitor ENER throughout the remainder of the day - just in case.

- Spydertrader

 

[Spydertrader]

Just a quick note (because somebody always asks about how the Hershey Equities System performs in bear markets) to everybody. The Dow currently sits at - 81.73 on the day.

- Spydertrader

 

[4XIS4U]

Quote from Spydertrader:

Just a quick note (because somebody always asks about how the Hershey Equities System performs in bear markets) to everybody. The Dow currently sits at - 81.73 on the day.

- Spydertrader

That's an awesome indicator SpyderTrader - thank you... it's kind of strange - I've been living inside this final universe World where it feels like we're on an eternal uptrend, and I get burned every time I try to be on the short side... oh well! living and learning.

thanks for your comments on ENER - it sure held nicely today.

 

[Spydertrader]

Quote from 4XIS4U:

Thanks for your comments on ENER - it sure held nicely today.

I tried to rustle up a few shares of ENER in After Hours Trading without any luck. Tomorrow should be interesting.

- Spydertrader

 

[chapper]

ENER has been an awesome trade, I spent a lot of today watching it in awe... lol Good job to everyone who got a piece of that... I hope I catch the next one...