Spydertrader's Jack Hershey Equities Journal II

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Quote from dougcs:

Thought you didn't trade days after a holiday as volume is typically very low; and, as a result, there is an abnormal number of stocks being in dry up.
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You are correct, sir. I don't trade those days specifically for the reasons you mention above. I simply pointed out a day which had the most equities in the 'Dry Up Stocks" list as an answer to your question. I recall many 'normal' market days which had 10 - 15 equities in the 'Dry Up' List as well (Autumn of 2004), but the Monday After Thanksgiving 2005 simply had the most of any day in recent memory.

Good Trading to you.

- Spydertrader
 
Quote from Spydertrader:

You are correct, sir. I don't trade those days specifically for the reasons you mention above. I simply pointed out a day which had the most equities in the 'Dry Up Stocks" list as an answer to your question. I recall many 'normal' market days which had 10 - 15 equities in the 'Dry Up' List as well (Autumn of 2004), but the Monday After Thanksgiving 2005 simply had the most of any day in recent memory.

Good Trading to you.

- Spydertrader
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In your former life, were you a lawyer as you parsed the hell out of my question.

;)

Doug
 
Quote from Spydertrader:

I entered into a small position with VPHM - only 400 shares. I missed my target entry price, so I scaled back size, and jumped in a little later than I wanted.

- Spydertrader

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=991347>
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I'm in at 21.09
Looks like we are on track.
gooch87
 
Quote from dougcs:

In your former life, were you a lawyer as you parsed the hell out of my question. :D
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LOL. No. I have no background in Law. Although I have significant experience with USENET flame fests, last I checked, I cannot transfer those credits toward a degree in jurisprudence.

Thanks for the chuckle.

- Spydertrader
 
VPHM hit the lower band early enough today plus macd and stoch looked good too.

However, it's not looking like it's gonna reach FRV by EOD.

Spydertrader, why did you hold back on the position size on this one?
 
Quote from stevegee58:

Spydertrader, why did you hold back on the position size on this one?
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I intended to enter into a long position much earlier with VPHM, but missed the entry ($20.75 USD) due to not paying appropriate attention to my charts. As a result, I scaled way back my initial purchase ($21.17). Later, I added on shares at the first pullback ($20.96). I expected a much larger pullback and planned to add additional size, but such a set up never materialized.

- Spydertrader
 
Quote from stevegee58:

However, it's not looking like it's gonna reach FRV by EOD.
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Officially, VPHM didn't reach FRV by EOD. However, actual volume falls well inside the FRV envelope for FRV consideration. As a result, I decided to hold through the weekend. My charts show a possible price run up to just above the $24.00 USD price point. My only concern stems from the current negative MACD Histogram, but as we have often seen in Journal One, such a condition might only indicate a temporary pullback and not a trend reversal. I have attached the current unrealized profits.

- Spydertrader

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=991673>
 

Attachments

TRLG--You gotta love a company selling $200+ dollar jeans

BTUI- What a run

LMS--PWEI--OUTLOOK (not strong in my opinion-Listen to Conference Call) I Love plastic pipes and the works, but they may have run thier course.

Check it out

Forums--trading for a living--Journals--Want to share

Comments welcome about what to sell or buy..
 
Quote from Spydertrader:

Officially, VPHM didn't reach FRV by EOD. However, actual volume falls well inside the FRV envelope for FRV consideration. As a result, I decided to hold through the weekend. My charts show a possible price run up to just above the $24.00 USD price point. My only concern stems from the current negative MACD Histogram, but as we have often seen in Journal One, such a condition might only indicate a temporary pullback and not a trend reversal. I have attached the current unrealized profits.

- Spydertrader

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=991673>
More...
Spydertrader, how wide is this envelope for FRV?
 
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