Thanks Spydertrader! Somehow, I was lulled into thinking rockets only formed at the open. This is a really nice view to straighten me out. Thanks again.
Spydertrader's Jack Hershey Equities Journal II
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That one was fun. Too bad it was last day b4 Labor Day or I would have bought more. I exited shortly b4 the close as it looked to me like a short squeeze.
OTOH, they announced today that their full FY earnings will be announced next Friday. So, it may not have been a short squeeze but instead people who got a preview of Friday's announcement liked what they saw. Ohh, that would be illegal insider trading, so it must be the short squeeze. How could I have imagined people doing something illegal for personal gain. Shame on me.
Doug
Thanks Spyder,
I'm trying to refrain from asking a bunch of questions, as I am new'ish to this thread, and still working through the journals.
Suprise Suprise, alot of my questions seem to keep getting answered as I progress with the reading...
Irrespective of the methodology used (although its an excellent strategy - today was a perfect example), I think your tireless efforts are astounding, thanks once again for posting such great work.
I'm a bit puzzled how the Investopedia simulator got me in on this trade at $24.10. LBDU hadn't hit by then, and I wasn't front footing the system. It should have been closer to $25 at trigger point. Oh well. The vagaries of a simulator.
I also got into TIE when LBDU was exceeded @ 26.66. Plan on selling since it did not reach FRV.
I see GROW as reaching FRV and Peak on the same day. I've read that on a couple of trades you have been loath to sell immediately when this happens, I guess due to the inherent momentum in such a large amount of volume on price improvement. However since GROW exceeded my 10% target in one day, I'll exit. (it's easy to say - no greed here when I'm paper trading!
)Once again thanks Spyder, and all of the great contributors on this thread. An excellent learning tool for any trader.
Adrian
I head to New York this week - leaving Monday and returning Friday morning. Although I plan to watch the markets each day while away, my schedule does not appear to provide an opportunity to post. As a result, I look forward to reading about everyone's results upon my return.
Enjoy the Holiday Weekend, and Good Trading to Everyone next week.
- Spydertrader
Enjoy the Holiday Weekend, and Good Trading to Everyone next week.
- Spydertrader
An old Thread started by dbphoenix, Jack lays out (in a pictorial fashion) drawing trendlines step by step. I thought this information made its way into the Journals previously, but in case it had not, you can review the posts right here.
- Spydertrader
- Spydertrader
QED,
I don't know if you've read the journal from the beginning but NUAN doesn't fit our criteria at all. It lacks rank (no cycles) and has a negaitve EPS. I didn't look at float or other factors.
I don't know if you've read the journal from the beginning but NUAN doesn't fit our criteria at all. It lacks rank (no cycles) and has a negaitve EPS. I didn't look at float or other factors.
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