Spydertrader's Jack Hershey Equities Trading Journal III

A 4.80 move in GROW today! I've been buying decent size lots in all of my stocks, except for this one. Only 100 shares purchased.

 

Stopped out of ININ. Lookng more like FBO than a BO.......who knows

 

What I did today:

Bought:

OMTR 16.21
GROW 45.81
DIVX 22.77

Still holding all of the above.

Closing prices today:

OMTR 16.30
GROW 49.20
DIVX 24.01

Up 2.67% today based on unequal investment amounts above, whereas equal dollar amounts and I would be up roughly 4.5%.

Without a doubt this is my best single day ever based on this method. Thanks to Spydertrader, Jack as well as mischief and many others who have posted here.

 

keep in mind on GROW that they report earnings on Thursday afternoon with a conference call on Friday morning.

I hope the action in GROW is indicative of a rally in emerging markets, but it could just as easily be buying ahead of earnings.

I took partial profits in ININ today @ 20.95 for an aprox 10% gain (18.95 basis, i had several adds @ 19.05)

it is a good gain, but i think the time/return ration has been too great. I am still holding shares and will add again if it shows strength in the morning.

The stock that has amazed me over the last 8 days is SYX, I have made several profitable day trades in this stock over the last week, I thought it was done, but it took off like a rocket today, unfortunately becuase I couldn't believe my eyes, I missed the action today.

 

Updating a chart from during the Tucson Meeting - one week ago.

- Spydertrader

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1351013>

 

Thanks for your info as well as your observations on ININ and SYX. I'll look at those tomorrow.

 

Final Universe News

- Spydertrader

 

Any rhyme or reason to GROW? I can't believe I only have 100 shares. In any event, none of the stocks I have purchased this year following this method have done what GROW has done in less than 24 hours.

Per yesterday's post, I bought 100 shares at 45.81. Right this second it is trading at 51.59. Unfortunately, looking at the chart it has gone straight up in a very short amount of time. I think 15% in less than 24 hours on a stock that really has no news is a warning sign to take profits.

 

CENT Splits in an odd sorta' way and stock price still rises.

- Spydertrader

 

Nice to see GROW continues to climb for you - currently +$2.79 today. What's that? Seven or Eight bucks a share gain for you?

Nicely done.

- Spydertrader