9/11/2007 Tue
Scalping: NVDA, BIDU, CELG and EBAY
Gapper's
Eye utilizes our original unique stock scanner, Break Scan, and sophisticated
chart software, CQG. With nominal fee, the Break Scan is available to our
members.
The Kamikaze Gap Play
was introduced to the U.S. traders in the
August 2005 issue of Active Trader Magazine.
The Nasdaq gapped up on the open.
The green dot shows the opening
price.
Excerpts from Net Aid:
2007-09-11 22:01:32 hatch shadow
The index is above its 20-period MA, so we will be focusing on long
trades.
2007-09-11 22:08:11 hatch shadow
Pay attention to stocks with good weekly chart patterns such as BIDU,
AAPL, FWLT and GRMN.
2007-09-11 22:08:57 hatch shadow
Also, it is important to pick stocks with the small bid-ask
spread.
2007-09-11 22:17:51 hatch shadow
NVDA had a 3 for 2 stock split. Let's watch this one!
2007-09-11 22:22:02 hatch shadow
CELG looks good.
2007-09-11 22:27:14 hatch shadow
BIDU is the top priority stock.
2007-09-11 22:31:17 hatch
NVDA at 34．43.
2007-09-11 22:32:53 hatch
Out at 34.50.
2007-09-11
22:31:30 hatch shadow
JNPR is a hatch3 stock
2007-09-11 22:35:34 hatch shadow
Remove the magic cross parameter from Break Scan.
2007-09-11 22:37:14 hatch shadow
EBAY is extremely strong.
2007-09-11 22:39:59 hatch shadow
You have to buy this one.
2007-09-11 22:34:36 hatch
Long BIDU at 219.
Out at 219.50
2007-09-11 22:50:01 hatch
Long at 219.50.
2007-09-11 22:53:47 hatch
Long at 218.98 again.
2007-09-11 22:58:30 hatch shadow
CELG is holding.
2007-09-11 22:59:07 hatch
Long BIDU at 218.05.
2007-09-11 23:09:53 hatch
Exit all positions at 220.01.
2007-09-11 23:10:25 hatch
Long at 220.0.
2007-09-11 23:11:34 hatch
Exit at 221.13.
2007-09-11 23:18:56 hatch shadow
As you noticed, I bought BIDU several times to lower the average
cost.
2007-09-11
23:21:46 hatch shadow
Look at the
daily chart of BIDU. It is in a strong uptrend. It has so many support
levels, and that is why it is safe to buy several times to lower the average
cost.
2007-09-11
23:22:31 hatch shadow
BIDU is on the move.
BIDU hit the daily average travel range. I don't
think it has much of the upside potential left.
It is losing steam.
2007-09-11 22:50:57 hatch shadow
CELG is strong.
2007-09-11 22:51:27 hatch shadow
EBAY looks ready to break out..
2007-09-11
23:38:25 hatch shadow
CELG is hitting the daily average travel range.
The Nasdaq formed an up bar.
Weekly chart
Gapper's Eye Index
Daytradenet Top
Charts courtesy of CQG
Source: 2006 CQG, Inc. All rights reserved worldwide.
Red
and blue zones show the gap of the preceding day.
The Green zone indicates the profitable zone of
trading.