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Steve's Trading Diary - November 2005

11/4 Bought PANC as it gapped open, continue to hold, use a close below $8.60 as your stop.  11/7 consolidated lower today but continue to hold anticipating more upside in the next few days.  Would use a close below $8.60 as your stop 11/8 not showing any signs of weakness, continue to hold.  11/9 continue to hold but would now use a close below the $8.75 level as your stop. 11/10 be prepared to close on weakness tomorrow.  This one needs to open higher and trade positive to continue to hold.  11/11 continue to hold we use any trading below $8.65 as your stop. 11/14 continue to hold 11/15 continue to hold but use your stop. 11/16 stochastics are now starting to curl over, be prepared to close this position on weak trading on Thursday. 11/17 continue to hold. 11/18 continue to hold. It had a nice breakout throught the 50 day moving average. Look for more strength. 11/21 it consolidated slightly on Monday but continue to hold. Now use a close below the $9.00 level as your stop. 11/22 still use a close below the $9.00 level as your stop. 11/23 it was stopped out with a close below $9.00.

11/15 DSTI opened higher but closed right on the 50 day moving average this one should be closed out tomorrow on the signs of weakness.  11/16 it opened black and traded relatively flat most of the day.  It needs a positive open to stay in this position.  If the trades below $10.99, close out the position 11/17  continue to hold. 11/18 continue to hold but use a close below $11.00 as your stop. 11/21 continue to hold but it needs to see a positive day on Tuesday or it's time to close out the position. 11/22 continue to hold. It seems to support fairly well at the $11.35 range. This needs to see a strong move to the upside in the next day or so. 11/23 it bounced off of the 50 day moving average. If it opens lower and trades lower on Monday, close out the position. 11/28 this one should have been closed out on the weakness. It's now sitting on the 50 day moving average. Be ready to buy it on the next signs of strength.

11/7 Bought ARXX  on the positive open after its breakout through the trend line area Friday. Continue to hold until a strong sell signal appears. Use todays open of $10.60 as your stop 11/8 trading formed a bearish Harami, use a close below the $10.60 level as your stop.  11/9 continue to hold with the $10.60 level as your stop. 11/10 continue to hold using the $10.67 level as your stop 11/11 continue to hold, use Fridays open of $10.57 as your stop.  11/14, 11/15, 11/16, 11/17, 11/18 continue to hold. 11/21 continue to hold. Still use a close below $10.57 as your stop. 11/22 it needs to trade higher immediately on Wednesday or close out the position. 11/23 it needs to see a positive day on Monday to continue to hold. It looks like the stochastics are trying to curl back up. Otherwise, it's time to take profits. 11/28 this one should have been closed out on the weakness on Monday. Be prepared to buy it back on strength.

11/3 NTRI was bought on the positive open as it broke out through the $32 area resistance.  However it did a doji, we need to see continued buying tomorrow to show an uptrend. 11/4 Did not show anticipated strength  after breaking out through the resistance level.  Continue to hold but use a close below $31.58 as your stop 11/7 continue to hold 11/8 getting toppy would now use a close below the $32 level as your stop 11/9 continue to hold using the $32 level as your stop  11/10 continue to hold 11/11 continue in its uptrend continue to hold 11/14 continue to hold 11/15 be prepared to take profits on weakness tomorrow 11/16 a small doji formed today, be prepared to take profits on any trading below $35. 11/17 continue to hold but start watching for a sell signal on the gap up large bullish candle today. 11/18 watch out for the gap-ups but continue to hold until you see a sell signal. 11/21 it formed a Bearish Engulfing signal on Monday. If it opens lower on Tuesday, take profits. 11/22 it moved back up on Tuesday, continue to hold. 11/23 it's still in an uptrend but is getting toppy. Be ready to close it out on weakness. 11/28 it formed a Bearish Engulfing signal. This one should have been closed out on the weakness on Monday, probably on the close.

 

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