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Spydertrader's Jack Hershey Equities Journal
- Thread starter Spydertrader
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Quote from nwbprop:
Here is another stock with my channels.
I recall seeing both FARO and CREE in the many 'Hershey Lists' posted to the MSN web site and here on ET (over a year ago). If memory serves, both equities trended rather well back then. Hopefully, the pattern continues for you this time around. Your contributions are always appreciated.
- Spydertrader
Sevens - Ones - Zeros
MKTW - JUPM - MRVL
LSCP - NAVR - ARTC
TKC - ARO - CREE
CTSH - TASR - UTHR
CRI - HTCH - CNC
PPDI - EWBC - CTXS
JOSB - EAGL - PENN
TS - YHOO - HDWR
FFIV - DECK - KNGT
DDN - DPTR - UPL
Hotlist
TASR
FFIV
MKTW
JUPM
NAVR
Watch List
TASR - DU Cycle
HRT - DU Cycle - Du5
VSEC - DU Cycle
ESMC - DU Cycle - Du5 - Du10 - Du20
NVEC - DU Cycle - Du5 - Du10
BCSI - DU Cycle - Du5
IDSY - DU Cycle - Du5 - Du10
CALM - DU Cycle - Du5 - Du10
LWAY - DU Cycle - Du5 - Du10 - Du20
ANIK - DU Cycle - Du5
TRMM - DU Cycle - Du5 - Du10 - Du20
HANS - DU Cycle - Du5 - Du10 - Du20
JUPM - DU Cycle
LIFC - DU Cycle - Du5
NAVR - DU Cycle - Du5
SMTS - DU Cycle - Du5 - Du10 - Du20
Wealth Lab Equations
ESMC
TRMM
VSEC
Scores for above Stocks
ESMC - 0
TRMM - 1
VSEC - 0
(HRT, VSEC, NVEC, IDSA, LWAY have float outside normal parameters)
We have added both MKTW & FFIV to our final universe list bringing the total to 35 stocks.
- Spydertrader
MKTW - JUPM - MRVL
LSCP - NAVR - ARTC
TKC - ARO - CREE
CTSH - TASR - UTHR
CRI - HTCH - CNC
PPDI - EWBC - CTXS
JOSB - EAGL - PENN
TS - YHOO - HDWR
FFIV - DECK - KNGT
DDN - DPTR - UPL
Hotlist
TASR
FFIV
MKTW
JUPM
NAVR
Watch List
TASR - DU Cycle
HRT - DU Cycle - Du5
VSEC - DU Cycle
ESMC - DU Cycle - Du5 - Du10 - Du20
NVEC - DU Cycle - Du5 - Du10
BCSI - DU Cycle - Du5
IDSY - DU Cycle - Du5 - Du10
CALM - DU Cycle - Du5 - Du10
LWAY - DU Cycle - Du5 - Du10 - Du20
ANIK - DU Cycle - Du5
TRMM - DU Cycle - Du5 - Du10 - Du20
HANS - DU Cycle - Du5 - Du10 - Du20
JUPM - DU Cycle
LIFC - DU Cycle - Du5
NAVR - DU Cycle - Du5
SMTS - DU Cycle - Du5 - Du10 - Du20
Wealth Lab Equations
ESMC
TRMM
VSEC
Scores for above Stocks
ESMC - 0
TRMM - 1
VSEC - 0
(HRT, VSEC, NVEC, IDSA, LWAY have float outside normal parameters)
We have added both MKTW & FFIV to our final universe list bringing the total to 35 stocks.
- Spydertrader
Quote from svrz:
Hi JC
I hope you are doing well. Are these tenured stocks?
Take care
They are tenured stocks. Lets see what happens. Hopefully no flaws show up but they happen all the time. When they dont work out, I just exit for a wash usually over a loss and rotate into a different stock. I also had ARTI but had to exit as it has earnings today.
The system signaled twice today when actual Volume exceeded calculated Dry Up Volume for both ANIK and vsec. The first signal (ANIK) occurred without price improvement. MACD was also negative (-.0031) with a falling stochastic Indicator (49.1112). clearly, we fail to confirm a buy signal on the long side. Therefore, we take no action in regards to ANIK.
However, for those individuals looking to SHORT the Hershey Stocks, ANIK provided an excellent opportunity. When volume triggered our signal, price on ANIK held at $12.89, MACD was negative and The slope of the Stochastic Indicator pointed down (with green line BELOW the red line) - signaling trend continuation on falling price. Trendline Analysis confirmed the probability of falling price (See attached Chart). In addition, the Master List with Scoring Excel Sheet scored ANIK a three (downslope of our stock cycle).
We set a Short Sale target price of 10% ($11.60) and stop loss of 5% ($13.54). Using the Money management guidelines previously discussed we take a 1% risk using 700 shares, and enter short. At 11:40, ANIK hit our price target, and we cover.
10/29/04 11:40:54 11.60 11.50 11.60 700
It is important to note, that using a MACD crossover exit strategy would have yielded results closer to 15%, but we never want to allow greed to influence our trading decisions. Waiting for MACD to cross over into positive territory would have had us hold onto anik until price reached $10.95.
For the record, shorting Hershey stocks falls outside the scope of this journal. As a result, I will NOT include the results of the above trade in calculating rates of return. Although Jack Hershey himself has briefly discussed the possibility of shorting his equities methods, The Jack Hershey Equities Method remains a long only system as described by Jack in the large volume of documents available.
- Spydertrader
However, for those individuals looking to SHORT the Hershey Stocks, ANIK provided an excellent opportunity. When volume triggered our signal, price on ANIK held at $12.89, MACD was negative and The slope of the Stochastic Indicator pointed down (with green line BELOW the red line) - signaling trend continuation on falling price. Trendline Analysis confirmed the probability of falling price (See attached Chart). In addition, the Master List with Scoring Excel Sheet scored ANIK a three (downslope of our stock cycle).
We set a Short Sale target price of 10% ($11.60) and stop loss of 5% ($13.54). Using the Money management guidelines previously discussed we take a 1% risk using 700 shares, and enter short. At 11:40, ANIK hit our price target, and we cover.
10/29/04 11:40:54 11.60 11.50 11.60 700
It is important to note, that using a MACD crossover exit strategy would have yielded results closer to 15%, but we never want to allow greed to influence our trading decisions. Waiting for MACD to cross over into positive territory would have had us hold onto anik until price reached $10.95.
For the record, shorting Hershey stocks falls outside the scope of this journal. As a result, I will NOT include the results of the above trade in calculating rates of return. Although Jack Hershey himself has briefly discussed the possibility of shorting his equities methods, The Jack Hershey Equities Method remains a long only system as described by Jack in the large volume of documents available.
- Spydertrader
Attachments
The second stock to trigger an alert was VSEC. However, VSEC has many problems associated with it preventing current consideration. First, VSEC has an average volume well below normal parameters. Second, the float for VSEC falls outside normal parameters. Third, the price for VSEC gapped up 14.4% at the open placing it outside our normal comfort zone when trading stocks that gap. Our rules indicate declining trades that gap higher than 10% due to reduced probability of reaching our target price points with this group of equities. As a result, we take no action when it comes to VSEC. Since the market remains a dynamic entity, we leave VSEC in our list of 'Final Universe' list of stocks until such time it fails to achieve a rank.
- Spydertrader
- Spydertrader
In a previous post, we discussed the possibility of lowering our target price of idsy due to trendline analysis indicating a reduced likelihood of price reaching our 10% target. In addition, the possibility of market instability as we enter the final weekend before the United States presidential election suggests we protect our profits against the possibility of an unforeseen event (detrimental to the financial markets) occurring over the weekend. As a result of the above two factors we liquidate our idsy position (625 shares remaining) at the $14.90 price point. The resulting sale provides a $1.00 per share price improvement over our initial purchase price.
In regards to ubet, we liquidate our shares at the $3.20 price. The resulting sale provides a 20 cent price per share improvement on 2800 shares. As I indicated in a previous post, we will NOT tabulate profits from ubet in the results of this journal. Although the sale did result in profit, I failed to receive a stop loss alert last week while out of town. As a result, I failed to sell when price reached our stop loss target. While this fortunate circumstance did improve my trading account, including the profits would skew the results of this journal.
By end of day, we remain 100% in cash heading into the weekend.
- Spydertrader
In regards to ubet, we liquidate our shares at the $3.20 price. The resulting sale provides a 20 cent price per share improvement on 2800 shares. As I indicated in a previous post, we will NOT tabulate profits from ubet in the results of this journal. Although the sale did result in profit, I failed to receive a stop loss alert last week while out of town. As a result, I failed to sell when price reached our stop loss target. While this fortunate circumstance did improve my trading account, including the profits would skew the results of this journal.
By end of day, we remain 100% in cash heading into the weekend.
- Spydertrader
Quote from svrz:
Outstanding work, Spydrtrader. Please keep this up!
I appreciate the enthusiasm and the contributions made by everyone to the success of this thread. As long as there remains an interest, I plan to continue the discussion well into the new year. Again, thanks to everyone for their input, contributions and interest.
Happy Halloween!
- Spydertrader
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