2005-06-16, Thursday - Lists Hershey Wealth-Lab Chartscript Culling Methodology Hershey Chartscript Scans / Qcharts Culling / Stocktables.com Sort Hot List FORD MCRI Dry Up Stocks DCAI EXM EZPW MCRI USG Hot List Stocks Scores FORD - 5 MCRI - 5 Dry Up Stocks Scores DCAI - 0 EXM - 0 EZPW - 7 MCRI - 5 USG - 7 Keep an Eye on These Stocks FORD (Attached) <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=769834>
RE: MCRI Didn't you already have a position in MCRI last Thursday? If the system triggers another signal for MCRI today or tomorrow, would you be adding to your position or would you be staying put?
I sold my shares of MCRI on Tuesday. Soon after selling my shares on Tuesday, a real world mini-crises required my attention, and I simply forgot to post the results later on. Not until late this afternoon did I even notice my failure to post the results of the MCRI trade initiated last week. Because I failed to post the results in a timely fashion, I did not plan to include those results with the Journal - in order to avoid any appearance of impropriety. However, since you have enquired about the trade, I have included those results along with a notation indicating a late posting. The results are as follows: I sold all 500 shares at the $21.80 price point. The four day trade yielded a profit of .55 per share. This translates into a gross profit of $275 USD or a gain of 2.5% on the 500 shares. Again, I apologize for not posting the results sooner, and I appreciate your question allowing me the opportunity to clarify. - Spydertrader
2005-06-16, Thursday - 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 DCAI EXM EZPW MCRI USG Our system generated three 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 DCAI MCRI EXM Dry Up Stocks NOT Triggering Signal EZPW USG MCRI did show price improvement at time of signal generation (10:18 AM). In addition, MACD Hisotgram showed a positive return (+.0755). Also, The Stochastic fell within desired levels (98.0000). As a result I entered into a long position with 1000 shares of MCRI receiving a fill price of $22.42 USD. The particulars for MCRI are as follows: 06/16/05 10:18:32 22:44 22:42 22:44 1000 MCRI Time: 10:18 AM Price: $22.44 MACD: +.0755 Stoch: 98.0000 Score: 5 FRV: 294,866 shares DCAI also showed price improvement at time of signal generation (10:35 AM). The MACD Histogram showed a negative return (-.0188), and The Stochastic Indicator failed to achieve desired levels (53.3331). As a result, I took no action with respect to DCAI. EXM also showed price improvement at time of signal generation (10:53 AM). In addition, both MACD (+.0787) and The Stochastic Indicator (96.5517) fell within desired parameters. As a result, I entered into a long position with 1000 shares of EXM receiving a fill price of $16.40 USD. The particulars for EXM at time of signal generation are as follows: 06/16/05 09:50:55 16.40 16.39 16.40 1000 EXM Time: 10:53 AM Price: $16.40 MACD: +.0787 Stoch: 96.5517 Score: 0 FRV: 323,520 shares - Spydertrader
2005-06-16, Thursday - Update Although neither EXM nor MCRI had an actual volume which exceeded FRV levels by EOD, today's volume for both equities was the highest occuring over the last 5-7 days. As a result, I decided to break with convention and hold all shares of both equities at least until tomorrow. - Spydertrader
2005-06-17, Friday - Lists Hershey Wealth-Lab Chartscript Culling Methodology Hershey Chartscript Scans / Qcharts Culling / Stocktables.com Sort Hot List CMT FORD MCRI Dry Up Stocks EZPW TASR USG Hot List Stocks Scores CMT - 0 FORD - 6 MCRI - 7 Dry Up Stocks Scores EZPW - 5 TASR - 1 USG - 5 Keep an Eye on These Stocks DCAI (Attached) <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=770746>