2005-02-23, Wednesday - Lists I used RS and EPS Settings of 90 for the following lists Stocktables.com Sevens - Ones - Zeros TIE - ANTP - POG TOPT - ANGO - HOLX XTO - VTIV - CCJ BUCY - CTSH - MHR STNR - EZPW - ISRG WLK - IPS - MEE MSB - SNDA - LSS EXM - WCC - ELOS NCX - TIBX - KEYW MHR - WWCA - HLIT Wealth-Lab Chartscript/Manual Hotlist ANTP EXM ANGO KEYW ELOS TOPT EZPW SNDA Wealth-Lab Data/Yahoo Data Watch List GOAM - DU Cycle - DU5 - DU10 PACT - DU Cycle - DU5 ANTP - DU Cycle CUTR - DU Cycle TASR - DU Cycle INTN - DU Cycle - DU5 ELOS - DU Cycle - DU5 BCSI - DU Cycle EBKR - DU Cycle ESMC - DU Cycle - DU5 - DU10 - DU20 HRT - DU Cycle - DU5 - DU10 - DU20 HANS - DU Cycle ULBI - DU Cycle IDSA - DU Cycle Wealth-Lab Developer Data & Equations/G33M4K Equations SRVZ Wealth Lab Equations - Dry Up (with G33M4K Score) GOAM - 2 NGPS - 2 SNDA - 2 TASR - 2 Eyeball Gallas2 "Keep an Eye on These" Stocks SNDA (Attached) Yahoo Data/G33M4K Equations Dry Up Stocks with G33M4K Master List Score of Zero HANS Stocktables Sort/Yahoo Data/G33M4K Equations/ Test Culling Method with Score Hotlist EZPW 0 HANS 0 MDRX 1 ELOS 2 KEYW 2 MFLX 2 MIPS 2 MT 2 PMTI 2 SNDA 2 TRGL 3 TOPT 4 EXM 5 (GOAM, ANTP, NGPS, ANGO, HRT, IDSA & HLIT have float outside normal parameters) - MT & TRGL now have float within our parameters. <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=691892>
A minor situation in the 'real' world prevents me from having an opportunity to post again until late Thursday evening. Until then, good trading to you all. - Spydertrader
2005-02-25, Friday - Lists I used RS and EPS Settings of 90 for the following lists Stocktables.com Sevens - Ones - Zeros JOYG - WWCA - CMC CULS - ANTP - MT MTEX - HLIT - EZPW BUCY - UTHR - LSS MUSA - ISRG - VPI EXM - MHR - NCX LCAV - WCC - MIPS USNA - FLSH - CTSH MEE - NSS - VTIV CCJ - TOPT - WLL Wealth-Lab Chartscript/Manual Hotlist ANTP EXM TOPT EZPW MIPS Wealth-Lab Data/Yahoo Data Watch List GOAM - DU Cycle - DU5 - DU10 PACT - DU Cycle - DU5 ANTP - DU Cycle DCAI - DU Cycle - DU5 - DU10 - DU20 TASR - DU Cycle ANGO - DU Cycle - DU5 NGPS - DU Cycle - DU5 - DU10 - DU20 KEYW - DU Cycle ELOS - DU Cycle - DU5 - DU10 TRGL - DU Cycle TOPT - DU Cycle MFLX - DU Cycle HURC - DU Cycle SYNA - DU Cycle ESMC - DU Cycle - DU5 - DU10 - DU20 SINA - DU Cycle - DU5 BLTI - DU Cycle - DU5 - DU10 - DU20 IDSA - DU Cycle - DU5 - DU10 EBKR - DU Cycle ULBI - DU Cycle - DU5 - DU10 GMAI - DU Cycle Wealth-Lab Developer Data & Equations/G33M4K Equations SRVZ Wealth Lab Equations - Dry Up (with G33M4K Score) GOAM - 6 Eyeball Gallas2 "Keep an Eye on These" Stocks SINA (Attached) Yahoo Data/G33M4K Equations Dry Up Stocks with G33M4K Master List Score of Zero DCAI NGPS GMAI ULBI Stocktables Sort/Yahoo Data/G33M4K Equations/ Test Culling Method with Score Hotlist MDRX 1 MFLX 1 EZPW 2 TRGL 2 MIPS 4 ELOS 5 KEYW 5 TOPT 5 EXM 7 HANS 7 MT 7 PMTI 7 (GOAM, ANTP, NGPS, ANGO, HRT, IDSA & HLIT have float outside normal parameters) - MT & TRGL now have float within our parameters. The following Stocks have been ADDED to the Final Universe List as of 2005-02-23: DCAI, SIGM & SGTL. <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=693525>
2005-02-25, Friday - Update Our system only provided one signal today - SYNA. Actual volume on SYNA exceeded calculated 50% pro-rata almost immediately after the open. Both MACD (+.0522) and The Stochastic Indicator (81.0188) fell within desired parameters, and we had price improvement. Unfortunately we had a rather large gap up in price at the open. SYNA gapped up by 15%, and as we have seen many times in the past, stocks that gap by such a large percentage basis, often fail to perform as expected. Price at the time of signal generation held at $24.80. As a result of the large gap open on SYNA, I ignore the signal and take no action either long or short. I continue to hold IPXL. After watching price drop below our purchase price, but remain above our stop price during the last two days, we see continued price and volume improvement on IPXL today. As a result of IPXL closing at Friday's high of the day, we continue to hold IPXL through the weekend. One final note, volume on TRGL exceeded FRV levels by 3:45 PM Friday after not reaching any of the pro-rata levels of Dry Up by 11:30 AM. Price for TRGL fell .45 during the day closing at $24.30. I took no action with regards to this trade. - Spydertrader
2005-02-28, Monday - Lists I used RS and EPS Settings of 90 for the following lists Stocktables.com Sevens - Ones - Zeros JLG - WWCA - LCAV MUSA - HLIT - MDRX CULS - ANTP - XTO TIE - ISRG - VPI MT - VTIV - CTSH LFL - TOPT - LSS JOYG - MHR - PMTI EXM - MIPS - HANS MRVL - FLSH - EZPW STLD - WCC Wealth-Lab Chartscript/Manual Hotlist ANTP EXM TOPT EZPW MIPS PMTI HANS STLD Wealth-Lab Data/Yahoo Data Watch List GOAM - DU Cycle - DU5 - DU10 PACT - DU Cycle - DU5 - DU10 - DU20 ANTP - DU Cycle - DU5 TASR - DU Cycle NGPS - DU Cycle - DU5 - DU10 KEYW - DU Cycle - DU5 ELOS - DU Cycle - DU5 TOPT - DU Cycle MFLX - DU Cycle HURC - DU Cycle SNDA - DU Cycle ESMC - DU Cycle - DU5 - DU10 HRT - DU Cycle - DU5 - DU10 - DU20 SINA - DU Cycle - DU5 - DU10 - DU20 IDSA - DU Cycle BLTI - DU Cycle - DU5 - DU10 - DU20 HLIT - DU Cycle - DU5 EBKR - DU Cycle ULBI - DU Cycle - DU5 - DU10 ISSC - DU Cycle Wealth-Lab Developer Data & Equations/G33M4K Equations SRVZ Wealth Lab Equations - Dry Up (with G33M4K Score) HLIT - 1 NGPS - 7 SINA - 4 Eyeball Gallas2 "Keep an Eye on These" Stocks DCAI (Attached) Yahoo Data/G33M4K Equations Dry Up Stocks with G33M4K Master List Score of Zero PACT TASR Stocktables Sort/Yahoo Data/G33M4K Equations/ Test Culling Method with Score Hotlist EZPW 0 PMTI 0 KEYW 1 MDRX 2 TRGL 2 EXM 4 HANS 5 MIPS 5 TOPT 5 ELOS 7 MFLX 7 MT 7 (GOAM, ANTP, NGPS, ANGO, HRT, IDSA & HLIT have float outside normal parameters) - MT & TRGL now have float within our parameters. The following Stocks have been ADDED to the Final Universe List as of 2005-02-23: STLD. <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=695294>
2005-02-28, Monday - Update Our system generated a signal this morning when actual volume of TOPT exceeded calculated 50% pro-rata volume using the DU Cycle method of Dry Up Calculation. We had price improvement ($21.25), and both MACD (+.1786) and The Stochastic Indicator (80.7442) fell within desired parameters. As a result, we enter into a long position with regard to TOPT. 02/28/05 09:54:34 21.30 21.25 21.30 1000 We set a Target Price of $23.43 (10%) and a Stop Price of $20.25 (5%) and plan to move our stop upward in parallel with any potential price improvement. While continuing to monitor IPXL, I watched as MACD crossed into the negative (-.02812) in addition to the Stochastic Indicator dropping to the low of the morning (19.9969). As a result, I decided to sell all shares of IPXL. 02/28/05 10:17:07 17.38 17.38 17.40 1000 The sale of IPXL resulted in a gross profit of $30.00 which we consider a "wash trade" for the purposes of this journal. Although we could have chosen to hold onto this trade for a few more additional days. I feel it better to sell a stock that isn't performing as anticipated and look to place those funds into another equity with greater money velocity. Should the system trigger a signal tomorrow, we already have available funds to purchase the maximum shares in order to take advantage of a trade with increased money velocity. - Spydertrader
2005-02-28, Monday - Update While typing the above post, My volume alerts for PACT started to create significant amounts of noise. The volume alarms resulted when the following news item triggered a volume and price surge with PACT. http://tinyurl.com/4twyh As a result, 8 seconds before 11:00 AM, actual volume began to increase at a rapid pace exceeding calculated Dry Up Volume for DU5, DU10 & DU20 methods of Dry Up Volume calculation. Price at signal generation held at $6.79 per share - an improvement over the previous day. Both MACD (+.0221) and The Stochastic Indicator (98.7744) remained well above desired levels. As a result, I entered into a long position with PACT prior to completing the above post. 02/28/05 11:01:07 7.65 7.65 7.65 1000 Having never witnessed such a strong surge in both volume and price in such a short timeframe, I anticipated that the 'normal' target of 10% might not apply. Still, I set the Target Price at $8.41 with a stop limit of $$6.89. As I watched price exceeded the target price and continue to have strong volume, I moved up the stop price in parallel with improved price. At the high of $9.24, price had improved $1.59 per share over our purchase price. The subsequent price increase also improved our stop price to $8.48 - above our original target price. I plan to monitor PACT throughout the remainder of the day making a decision to hold or sell by EOD. - Spydertrader
2005-02-28, Monday - Update Price for TOPT improved to $22.00 resulting in an improved stop of .70 cents or $20.95. The resulting drop in price of TOPT triggered our stop. As a result, I sell 1000 shares of TOPT for loss. Our loss of .35 cents per share equates to a gross loss of $350.00 USD (1.6%). - Spydertrader
2005-02-28, Monday - TOPT Loss Analysis In order to conduct an analysis of the TOPT trade, I reviewed the attached daily chart. After adding trendlines, my error appeared plain as day. The upper trendline crosses extremely close to the $22.00 USD price point (today's high). Rather than set the target price for a 10% gain, I should have used the upper trendline as an initial target price. Had price gone beyond this level, we would have had a confirmed breakout, and I could have then used the 10% gain as my target. I did not allow the market to confirm my trade as correct. Retreating from the $22.00 USD price point confirmed a false breakout. As a result of my failure to properly analyze the trend prior to taking a position, I held TOPT when I should have exited. I hope others find the above information useful, and in the future, can learn to avoid the same mistake I made today. - Spydertrader <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=695761>
2005-02-28, Monday - PACT - Update With a falling MACD and Stochastic Indicator and decreasing volume late in the afternoon, I needed to determine if selling the shares of PACT appeared a better decision than holding overnight. Having already exceeded our initial target goal of a 10% increase, and the fact that I had already experienced a loss on the day due to my own mental errors, I opted to sell all shares of PACT. 02/28/05 15:54:00 9.00 9.00 9.03 1000 The resulting sale provided a gross profit of $1350 or $1.35 USD per share - a 17.6% gain. While the trade provided a nice profit on the day, and 17.6% remains our largest percentage gain since the journal began, I still need to look to improve the methods working toward capturing half the expected move. I hope you found today's commentary useful. - Spydertrader