Spydertrader's Jack Hershey Equities Journal II

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Yes, no doubt PETS is turning into quite a play so far....10:50am ET I was on the road.....lol :mad: :( :mad:

Congrats to those that have this one....
 
This PETS looks like a school case to me. Good relative strength, decreasing volumes on the pullback, support levels all along the hike. I'm in at 14.68, lets see how wrong I am.
 
Ouch...Pets just fell off a cliff....volume isn't all that impressive on the way down compared to all the way up earlier....still don't think I'm gonna pick up any shares, unless it goes down to 14.13....but if that happens, it's not a good sign at all....

So, no matter what, I ain't getting into PETS today....
 
Quote from Spydertrader:

PETS - I purchased a small amount of shares (200) @ $14.07 USD.
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I sold @ $14.33 USD. As I stated earlier, I hadn't really planned on trading today, so any profit (even a small one) feels nice.

Enjoy the rest of the day, and I'll try and pop in before departing tomorrow.

- Spydertrader
 
Quote from ilganzo:

This PETS looks like a school case to me. Good relative strength, decreasing volumes on the pullback, support levels all along the hike. I'm in at 14.68, lets see how wrong I am.
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Amazing.
As soon as I put down that statement, the stock loses 50c. Great call.
 
I may end up paying for my lack of trust in my initial judgement (not to buy any on the way down), but I just wasn't impressed with the afternoon volume during the freefall....and had I been in front of my computer this morning, I would have definitely been in this stock, and would still be holding, so why not take the second chance the market was giving me.....

We'll see....
 
I managed to get in fairly early (14.22). When the stock hit in the 14.80's mid day it was at or near the top of a very well defined hourly channel (going back about 8 days).

I've seen others blow through it (BOOM a few weeks back) but that made me a bit cautious. I didn't sell then (greedy) but I did manage to get out at around 14.60 or so when the 30 minute indicators started to look ugly.

I figured if I liked the look of the chart later I'd get back in since the stock passed FRV but I never pulled the trigger.

Mike
 
Quote from mlsignups:

I managed to get in fairly early (14.22). When the stock hit in the 14.80's mid day it was at or near the top of a very well defined hourly channel (going back about 8 days).

I've seen others blow through it (BOOM a few weeks back) but that made me a bit cautious. I didn't sell then (greedy) but I did manage to get out at around 14.60 or so when the 30 minute indicators started to look ugly.

I figured if I liked the look of the chart later I'd get back in since the stock passed FRV but I never pulled the trigger.

Mike
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Nicely done.

- Spydertrader
 
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