Spydertrader's Jack Hershey Equities Journal

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2005-08-15, Monday - Update

This morning, I monitored one list of stocks (4 total equities): Those equities from our daily Hot List and from our Final Universe List finding themselves "In Dry Up."

Dry Up Stocks

CMT DCAI ENER FORD

Our system generated one possible trade signal from the list of four Dry Up Stocks when actual volume exceeded calculated "Low Band" Dry Up Volume prior to 11:30 AM.

Dry Up Stocks Triggering Signal

DCAI

Dry Up Stocks NOT Triggering Signal

CMT ENER FORD

DCAI did not show price improvement ($18.00) at time of signal generation (11:18 AM). In addition, MACD Histogram showed a negative return (-.2062). Also, The Stochastic Indicator fell below desired levels (2.86). As a result, I took no action with respect to trading DCAI.

- Spydertrader
 
2005-08-16, Tuesday - Lists

Hershey Wealth-Lab Chartscript Culling Methodology
Hershey Equities Rank V 3.0.0 / Qcharts Culling / Stocktables.com Sort

Hot List

DPTR FORD NETL NGPS SNHY

Dry Up Stocks

ENER HANS NGPS RTSX

Hot List Stocks Scores

DPTR - 0
FORD - 7
NETL - 7
NGPS - 0
SNHY - 5

Dry Up Stocks Scores

ENER - 0
HANS - 0
NGPS - 0
SNHY - 1

Keep an Eye on These Stocks

ELOS (Attached)

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=816870>
 

Attachments

I will be attending an IBD meeting on Thursday, Sept. 8th in Tucson, AZ. Jack Hershey will be there. He is the organizer for the group. His post concerning the meeting --- "I will be arranging for the details of the agenda for the meeting. We have agreed people will bring handouts for: general stocks selections; TA annotated selections; IBD topics; a compare/contrast on several stop strategies. Pls update your profile."

I will try to get him the information on this thread, but in the mean time, anyone have questions or comments I can pass on to Jack?

Keebee
 
look like good speaker, wish I was there

* David Richardson

"I never dreamed this meeting would be led by such talent! I hope to be able to attend every meeting. I learned more in two hours than previously for weeks."
* Ann Martin

"I felt Jack Hershey was certainly very knowledgeable about IBD and its investing system, and we could learn a lot from him."
* DICK
* Jeff +3 guests

"I have attended many IDB meeting over the past year and this far exceed them all. I plan to be a active member of this group. Thank you Jack, for being Tucson orgainizer. "
 
Typo Correction

SNHY is not in DU as posted above. RTSX should have been typed in its place. Sorry for any confusion resulting from my error.

- Spydertrader
 
2005-08-16, Tuesday - Update

This morning, I monitored one list of stocks (4 total equities): Those equities from our daily Hot List and from our Final Universe List finding themselves "In Dry Up."

Dry Up Stocks

ENER HANS NGPS RTSX

Our system generated three possible trade signals from the list of four Dry Up Stocks when actual volume exceeded calculated "Low Band" Dry Up Volume prior to 11:30 AM.

Dry Up Stocks Triggering Signal

ENER HANS NGPS

Dry Up Stocks NOT Triggering Signal

RTSX

NGPS did show price improvement ($25.30) at time of signal generation (10:31 AM). In addition, MACD Histogram showed a positive return (+.2000). Also, The Stochastic Indicator fell above desired levels (97.78). As a result, I entered into a long position with 1000 shares of NGPS receiving a fill price of $25.32 USD.

HANS did show price improvement ($44.75) at time of signal generation (11:09 AM). In addition, MACD Histogram showed a positive return (+.0725). Also, The Stochastic Indicator fell above desired levels (86.11). As a result, I entered into a long position with 1000 shares of HANS receiving a fill price of $44.75 USD.

ENER did not show price improvement ($26.69) at time of signal generation (11:15 AM). In addition, MACD Histogram showed a negative return (-.0665). Also, the Stochastic Indicator fell below desired levels (57.30). As a result, I took no action with respect to trading ENER.

- Spydertrader
 
2005-08-16, Tuesday - Update

Price on both NGPS and HANS turned south relatively quickly after my purchases. Sellers took over at first; followed by low volume later in the day. Rather than wait until my normal 2% stop loss triggered, I exited a bit early on each trade.

NGPS

Sold at $24.99 USD resulting in a loss of $330 USD on 1000 shares.

HANS

Sold at $44.11 USD resulting in a loss of $640 USD on 1000 shares.

Total loss on the day: $970 USD.

- Spydertrader
 
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