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
2005-08-15, Monday - Update CMT and DCAI reached FRV Levels by EOD. ENER and FORD did not. - 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>
DPTR - News https://secure.reuters.com/ecommerce/Catalog/ReportDetail.aspx?sid=1&id=34908722 - Spydertrader
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
DCAI - News http://biz.yahoo.com/cbsmb/050816/2e71c549c2e848a5adfec5c581217d49.html?.v=1 - 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