LSR'S
ALERT WRAP-UP
It was a day in which the boys failed in their effort
to price the Comp into the 1800 level. Afternoon weakness in CSCO,
and an hourly model that was on the cusp of bearishness was the
problem, and when the hourly model turned negative, the decline was
swift and brutal. LSR members, however, were not left
scratching their heads in confusion..
We started the day with a Premium Service alert that
we were liquidating our remaining 1/2 long postion in XLNX at a
price of 38.25 or better. The stock traded into 38.28,
retraced, and then made one more run to 38.38 before giving up its
advance. We were out with a gain of $3.65 per share or
10.55%! A good gain for a short term trader.
Later in the session, we alerted our membership that
we would take the JNPR long out of our FIRST :LOOK swing-trading
model at 10.22. Once again, we booked a nice gain of .37 per
share, or 3.76%.
Within a short time thereafter we sensed that the
hourly model was in danger of failing. Using an e-mail alert
to notify you, we seized the Comp's final strength to liquidate our
remaining QQQ full long-side position at 35.41. This booked a
gain for our FIRST LOOK model of $1.22 per share, or 3.57% We
believe that no service (or pundit, for that matter) calls the Comp
like LSR and we prove it day in and day out.
Later, as per alert, we shorted NVLS in our FIRST LOOK
swing-trade model at 44.25.
Premium members were treated to a mid-day alert to the
fact that the Comp's hourly model had turned bearish. We used
the same alert, to put on a KLAC scalp short at 60.10, and later
alerted Premium Service members that we would cover the position,
and take the gain at 58.50. This booked a profit of 1.60 per
share in approximately 11/2 hours of trading. A great trade,
which preserves our perfect trading record in the Premium
Service. Who else gives you information like LSR?
All in all, it was another tremendous day of action,
and trading.
Until tomorrow's FIRST LOOK, we bid you adieu.
Lenny Mauck
Editor of Long and Short Reports
