I bought XING as well and sold for a small profit above $15. I think the trade was a mistake though. I felt I should go the other way but I can't find any shares to borrow.
Hey spyder, did you notice that Journal II is *exactly* twice as long as as Journal I as of this morning? Maybe it's time for Journal III?
Interesting fact, I had not noticed, but thanks for bringing it to my attention. I plan to close this Journal at the end of this year. If there is an interest, I'll start a Final Journal at the beginning of next year and keep it open all year long. - Spydertrader
I for one am very interested. You've formed a strong community here and it would be a shame to end it. This thread has to be one of the most popular threads on ET (perhaps after the P&L thread).
It would be great if you could find the time to keep this journal going next year. Thanks again for all the excellent info. NH
I was wondering if anyone was willing to share their Jack Hershey indicator codes for Tradestation. As everyone that follows his methods knows 65dailymovingaverage and the Unusual volume indicators are crucial. If anyone is willing to share their code I would really appreciate it. - Blake
Monkman Here is the formula that I use in Tradestation. Please keep in mind that I am a rank ameteur at coding. Value1 = volume today/AverageFc(volume, 50)*100; Plot1( Value1, "Plot1" ) ; I use the 50dma because that is what IBD uses. You would want to substitute 50 with 65. I like using this to replicate the IBD most active lists on their website. Today for instance I bought LRCX at $51.28 as the stock moved to the top of my unusual volume list. My thinking is that stocks that are active and near a pivot point will be drawn towards the pivot point. Somehow I was caught off guard today by LQDT. Either my alert was not set properly or it just jumped to quickly. I missed it. Both stocks were 100% CANSLIM break outs.