2005-05-10, Tuesday - Update
This morning I monitored one list of stocks (5 total equities): Those equities from our daily Hot List and from our Final Universe List finding themselves "In Dry Up."
Dry Up Stocks
EXM EZPW MCRI SYNA XXIA
Our system generated two possible trade signals from the list of five Dry Up Stocks when actual volume exceeded calculated "Low Band" Dry Up Volume prior to 11:30 AM.
Dry Up Stocks Triggering Signal
EXM EZPW
Dry Up Stocks NOT Triggering Signal
MCRI SYNA XXIA
Of the two signals generated, one of the equities failed to show price improvement (EZPW), and as a result, we eliminated EZPW from further consideration.
EXM did show price improvement and met all criteria at time of signal generation.
Time: 9:33 AM
Price: $16.58
MACD: +.1529
Stoch: 83.5714
Score: 0
FRV: 286,860 shares
Target Price: $18.28
Initial Stop: $15.79
As a result, I entered into a long position with respect to EZPW purchasing 500 shares @ $16.62 USD.
05/10/05 09:34:17 16.62 16.52 16.62 500
With respect to the TASR trade, I sold all shares at the $11.01 price point shortly after purchasing EXM. Based on our initial purchase price of $9.74 USD, selling 2900 shares of TASR yields a gross profit of $3683.00 USD for a 13% gain.
05/10/05 09:44:14 11.01 11.01 11.02 2900
Last night, I indicated that I might "break with convention" and sell TASR without holding the entire 4 day cycle should my 'comfort level' with the TASR trade erode. After watching TASR open lower only to rebound into positive territory, I recalled several previous trades where a similar price action resulted in a slow price degradation throughout the remainder of the trading day. As a result, I exited the trade.
The TASR trade represents the largest single dollar profit trade (and the second highest percentage gain) since I began the journal.
- Spydertrader
This morning I monitored one list of stocks (5 total equities): Those equities from our daily Hot List and from our Final Universe List finding themselves "In Dry Up."
Dry Up Stocks
EXM EZPW MCRI SYNA XXIA
Our system generated two possible trade signals from the list of five Dry Up Stocks when actual volume exceeded calculated "Low Band" Dry Up Volume prior to 11:30 AM.
Dry Up Stocks Triggering Signal
EXM EZPW
Dry Up Stocks NOT Triggering Signal
MCRI SYNA XXIA
Of the two signals generated, one of the equities failed to show price improvement (EZPW), and as a result, we eliminated EZPW from further consideration.
EXM did show price improvement and met all criteria at time of signal generation.
Time: 9:33 AM
Price: $16.58
MACD: +.1529
Stoch: 83.5714
Score: 0
FRV: 286,860 shares
Target Price: $18.28
Initial Stop: $15.79
As a result, I entered into a long position with respect to EZPW purchasing 500 shares @ $16.62 USD.
05/10/05 09:34:17 16.62 16.52 16.62 500
With respect to the TASR trade, I sold all shares at the $11.01 price point shortly after purchasing EXM. Based on our initial purchase price of $9.74 USD, selling 2900 shares of TASR yields a gross profit of $3683.00 USD for a 13% gain.
05/10/05 09:44:14 11.01 11.01 11.02 2900
Last night, I indicated that I might "break with convention" and sell TASR without holding the entire 4 day cycle should my 'comfort level' with the TASR trade erode. After watching TASR open lower only to rebound into positive territory, I recalled several previous trades where a similar price action resulted in a slow price degradation throughout the remainder of the trading day. As a result, I exited the trade.
The TASR trade represents the largest single dollar profit trade (and the second highest percentage gain) since I began the journal.
- Spydertrader