Spydertrader's Jack Hershey Equities Journal II

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I just started looking over the Journal I and II. Over 600 hundred pages combined!

Incredibly fascinating stuff.

Running the scan, i find that for tomorrow (10-6-06) there are 3 stocks:

EZPW, IIIN and ANDE.

Anyone else getting these?

For the initial scan to find the stocks with RS > 90 and EPS > 80, i'm actually using Daily Graphs Online Scanning service since i can also screen for the float, positive EPS and ave. volume at the same time.


Thank you to Spidertrader and all the others for creating such an amazing collection of threads!
 
Quote from Gantra:

Running the scan, i find that for tomorrow (10-6-06) there are 3 stocks:

EZPW, IIIN and ANDE.

Anyone else getting these?
More...

Yes, I have those, and a few others.

- Spydertrader
 
Quote from dannyk:

I am currently in CMED @ an avg of 23.50 and FTEK @ 16.09. Any other takers?
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Some of these guys have held CMED and FTEK since end of last week / first part of this week. The trade paid off nicely for them.

- Spydertrader
 
Quote from Spydertrader:

Some of these guys have held CMED and FTEK since end of last week / first part of this week. The trade paid off nicely for them.

- Spydertrader
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Oh to have those x-ray goggles!:D

Well done guys. great trades! Really good foresight.
 
as i had outlined earlier, i added shares to complete my position in FTEK as it crossed the $16 dollar cup and handle pivot. it is breaking out on what looks like will be better than 50% over ave vol by the end of the day, so we are on track for a good ride
 
Wow, FTEK has been on quite the ride. I agonized over it because I didn't want to cough up the .10 spread in the early morning when I could have entered for 15.82 and finally took some small pieces for an average price of 16.04. Right now I'm up more than 5% and I see that volume is a few minutes away from hitting peak volume.

What a rocket!

Unfortunately, I'm not too familliar with these situations. Seeing that huge candle stuck way out there in space, unsupported, makes me wonder if there could possibly be even more upside. Since it has hit peak volume already, what do people think about holding?

(FYI: my plan is to unload all but a small number of shares. Take my profits, but leave enough behind that I stay interested :) )


Oops, jinxed it - I just lost 1.5% in the last minute in a little sell-off. Back to trading...
 
how long you hold really depends on your trading strategy for the trade and your comfort range. as I had mentioned before, my rationale for this trade isn't strict hershey trading, though that definitely influences my decisions.

as my time horizon may differ from yours, I would consider adding again if price came to within 3 % or so of the $16 pivot.

as far as the spread goes, I have an opposite take, I get nervous when the spread gets too tight, the spread seems to increase in situations where the price is heading up. this is only anecdotal observation though, i don't have anything to back that up. perhaps other, more seasoned traders could comment on spreads and their action on rising or falling price.
 
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