Spydertrader's Jack Hershey Equities Journal II

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trading this stuff on EOD basis for now...

i have a buy stop in
HANS @ 97.42
NWRE @ 25.93

we'll see what happens


steve, the SCORE is what part of the PV cycle the stock is in...
the RANK is the number you get from the 5 20% cycles in 6 months.
 
Quote from stevegee58:

Do you mean Hershey rank as calculated by the Wealth-Lab script, or stocktables.com's rank?
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Hershey Rank as calculated by the Wealth-Lab Chartscripts. I have attached an example of CTHR current rank (and score).

- Spydertrader

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=996084>
 

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Spyder, I have been following your work for nearly a year now with great enthusiasm. I have been away for a bit and I am catching up on the current thread. I didn't see a posting of your results lately but I may have missed it. If you haven't posted one for a while I would love to see it. If you have posted it just point me to it. I am very grateful for your continued work.
 
Quote from TomShane:

Spyder, I have been following your work for nearly a year now with great enthusiasm. I have been away for a bit and I am catching up on the current thread. I didn't see a posting of your results lately but I may have missed it. If you haven't posted one for a while I would love to see it. If you have posted it just point me to it. I am very grateful for your continued work.
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Welcome back, and I hope you continue to find value amongst the many pages. I have not posted my results for reasons I outlined in this post. An ongoing offline concern continues to limit my available time. I hope to return to regularly posting trades and results in the future.

- Spydertrader
 
ALERT!


re: ChartScript - Hershey Equities Rank v. 3.0.0

An Error occurred:
Line: -1 Col: -1: Thread creation error: Not enough storage is available to process this command



I got this message at about 10:30p Pacific Time when I tried to run the rank script on tonight's Dry-Up candidates.

GlenK
 
Quote from GlenKK:

ALERT!


re: ChartScript - Hershey Equities Rank v. 3.0.0

An Error occurred:
Line: -1 Col: -1: Thread creation error: Not enough storage is available to process this command



I got this message at about 10:30p Pacific Time when I tried to run the rank script on tonight's Dry-Up candidates.

GlenK
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Do you use the Wealth-Lab.com Web Site to run your scans, or do you use Wealth-Lab Developer? Also, does the problem continue this morning?

- Spydertrader
 
I purchased 600 shares of BTUI this morning. Tried to snag a few more shares, but the market moved before I could. BTUI wasn't a Dry Up Stock. I simply liked the chart set up.

- Spydertrader

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=996430>
 

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Quote from Spydertrader:

I purchased 600 shares of BTUI this morning. Tried to snag a few more shares, but the market moved before I could. BTUI wasn't a Dry Up Stock. I simply liked the chart set up.

- Spydertrader

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=996430>
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Good luck on this trade.

What was your reason for entry? It looks like you were looking to get in near yesterday's high. Did you have any volume criteria?
Your up nicely as I write this, nice trade.

FWIW-I'm trading (usually paper trades) a parallel universe of stocks that have a high short interest ratio (SIR). So far, they are doing a bit better than the JH Universe. I've not had many trades yet but I'll post the resutls:

wins 14
losses 5
wpct 73.68%
net 39.61%
Avg 2.08%

Today, I took a real, but small, position in STLD. It has a SIR of 12%.

Doug
 
Quote from dougcs:

What was your reason for entry?
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While reviewing charts last night for trading today, I noticed BTUI. Sometimes you just know what pitch is coming before it is thrown your way. I liked how volume started to come in to support the stock yesterday bringing price up off the low of the day. I also liked the look of Stochastics turning upward on a daily chart. When I noticed volume start to accelerate this morning, I decided to enter into a long position. Not wanting to 'move the stock' when placing the trade, I decided to scale in. Unfortunately, I didn't grab all the shares I wanted before price started to run. By my calculations, the $16.65 price point marks a 20% run off the low of yesterday. I also see some resistance around the $15.69 price point. Although volume has already exceeded FRV levels on BTUI, I would prefer to see improved volume increases as we head toward the close.

- Spydertrader
 
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