Spydertrader's Jack Hershey Equities Trading Journal III

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johnpinochet

Review for the coming week:
My current Final Universe based on my reading here is:

ALY BITS CHDX COGO DTLK DXPE FTEK GIGM GROW GRRF HWCC IAAC ININ LQDT MEH MIKR NVEC OMRI PCCC RATE REDF SIM SIRF SNCR STEC SYX UCTT XING

CHDX COGO DTLK DXPE FTEK GROW MIKR NVEC OMRI RATE

FTEK DTLK DXPE RATE>

Greetings, a couple of your names I have deep experience with- most notably CHDX. This is an interesting company but a highly volatile stock I have been both way up and way down on this name often in the span of only a few days- I am now out. XING I stepped off Friday as well. Another interesting story and beautiful chart- but extended over $19. FTEK & GROW I'm just sick of hearing about. LQDT I am in big and have been disappointed it should pop back.
SIRF is a great stock I own.

For your watch list- I too have BITS on mine!

But for 4 powerful names to consider:
Here We Go:

ONSM> Onstream Media's pioneering Digital Media Services Platform (DMSP) provides its customers with the necessary tools for webcasting, web conferencing and webinars as well as managing digital assets, publishing content on the Internet in various files and formats and establishing e- commerce storefronts to transact business online.
The chart is strong and the stock has lots of room to run. The new release for them enables easy downlode of images to these social networking sites kids these days are so enamored with.

XOMA> My favorite new bio play right now. Great chart. Stock will double in 3 months.

HXL> Looking at this one this week. Becoming a carbon play for aerospace. Great chart.

RMBS> Is sort of right on the cusp. Looking good.

~stoney
 
Just wondering if anyone is using this method with Canadian Stocks. What kind of filter are you using to select the stocks?

Thanks. :(
 
Quote from 4XIS4U:

Just wondering if anyone is using this method with Canadian Stocks. What kind of filter are you using to select the stocks?

Thanks. :(
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I'm just guessing here, but I think the principle is the same. The only issue would be finding the fundamental criteria. After all, a cycling stock is a cycling stock. You just need to come up with your country specific data provider that gives you float, and the the two ownership criteria, EPS, RS, etc. There's got to be an equivalent to stocktables.com there, correct?
 
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Spyder,

Are my channels correct? I drew them a little bit different than yours.

- Monkman

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1365193>
 

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Quote from 4XIS4U:

Just wondering if anyone is using this method with Canadian Stocks. What kind of filter are you using to select the stocks?

Thanks. :(
More...


For a detailed list of the filter criteria review SpyderTrader Journal 1. If your referring to Canadian companies listed on the NYSE or NASDAQ, I assume it would be the same. If you mean the Toronto Stock Exchange I am not sure. BTW not all stocks need to meet requirements to fit into the Universe. Those are what we call tenured stocks.

GL,

Monkman
 
Spydertrader,

Any comments on my final selection of only looking to trade:

FTEK and RATE

for Monday 19 February 2007, i.e. which ones would you have thrown out/kept?

Any comments on my Plan_B symbol, ALY?
 
Quote from johnpinochet:

Spydertrader,

Any comments on my final selection of only looking to trade:

FTEK and RATE

for Monday 19 February 2007, i.e. which ones would you have thrown out/kept?

Any comments on my Plan_B symbol, ALY?
More...

I am not sure what Spyder would say but out of those symbols RATE looks the best to me. Its on my hotlist for Monday. The chart shows the fast stoh going through the 50, which is a really good sign for a breakout tomorrow. Positive MACD and FRV is what i'll be looking for when considering an entry.
 

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