Day Trading Newsletter 08-25-03
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Today's Trades - Previous Trades
Day Trading It Newsletter - August 25, 2003

Stock Market Wrap Up

Indices
Djia - 74.81 at 9,348.87  -   Nasdaq - 12.24 at 1,765.31  -  S&P 500 - 10.22 at 993.05 

Market Commentary
(edited) - only available to Newsletter subscribers.


Our Stock Trading System
(edited) - only available to Newsletter subscribers.


Today's Trades - August 25, 2003

1.   PRTL - Primus Telecommunications

Date Stock Position Entry Current Stop Max P/L
08-25 PRTL Long above 15 min high

6.95

Below LOD at time of setup


* Please Note: If the stock gaps down at the open do not enter the trade unless it trades above 6.98


2.   ATYT - Ati Technologies Inc.

Date Stock Position Entry Current Stop Max P/L
08-25 ATYT Long above 15 min high

14.47

Below LOD at time of setup


* Please Note: If the stock gaps down at the open do not enter the trade unless it trades above 14.54


3.   HAS - Hasbro Inc.

Date Stock Position Entry Current Stop Max P/L
08-25 HAS Short below 15 min low

18.61

Above HOD at time of setup


* Please Note: If the stock gaps up at the open do not enter the trade unless it trades below 18.55


4.   KRB - MBNA Corporation

Date Stock Position Entry Current Stop Max P/L
08-25 KRB Short below 15 min low

22.55

Above HOD at time of setup


* Please Note: If the stock gaps up at the open do not enter the trade unless it trades below 22.46


Previous Trades Still Open

SYNO - Synovis Life Technologies Inc.

Date Stock Position Entry Current Stop Max P/L
08-22 SYNO Long 29.37

27.72

closed up to - $1.44 per share


SYNO set up Friday when it traded above 29.31 @ 29.37. It traded as high as 29.40 before hitting out stop just below 27.99 closing the trade for losses of up to - $1.44 per share.


UTSI - Utstarcom Inc.

Date Stock Position Entry Current Stop Max P/L
08-22 UTSI Long 46.36

45.21

closed up to - 42 cents per share


UTSI set up Friday when it traded above 46.30 @ 46.36. It traded as high as 46.45 before hitting out stop just below 46.00 closing the trade for losses of up to - 42 cents per share.


PAYX - Paychex Inc.

Date Stock Position Entry Current Stop Max P/L
08-22 PAYX Long above 15 min high

did not setup


PAYX did not set up Friday because it failed to trade above it's 15min high. No profit, No loss.


CTX - Centex Corporation.

Date Stock Position Entry Current Stop Max P/L
08-22 CTX Long above 15 min high

did not setup


CTX did not set up Friday because it failed to trade above it's 15min high. No profit, No loss.


CY - Cypress Semiconductor

Date Stock Position Entry Current Stop Max P/L
08-22 CY Long above 15 min high

did not setup


CY did not set up Friday because it failed to trade above it's 15min high. No profit, No loss.


HOT - Starwood Hotels

Date Stock Position Entry Current Stop Max P/L
08-20 HOT Long 33.25

33.68

closed up to + 99 cents per share


HOT set up Wednesday when it traded above 33.19 @ 33.25. It traded as high as 33.56 reaching our first target of 33.55 to 33.67 (always sell at least 1/2 of your shares once your risk is covered, then move your stop to your entrance price to lock in gains) resulting in profits of up to + 31 cents per share in one day.

Traders holding overnight into Thursday were advised to keep your stops just below 33.25 to lock in gains and the stock traded as high as 34.24 resulting in profits of up to + 99 cents per share.

Traders holding overnight into Friday were advised to keep your stops just below 33.49 to lock in gains and the stock hit our stop closing the trade for profits of up to + 99 cents per share.

Final Chart showing the three day trade:


ERICY - Ericsson L M Tel Co.

Date Stock Position Entry Current Stop Max P/L
08-19 ERICY Long 15.41

15.21

closed up to + 40 cents per share


ERICY set up Tuesday when it traded above 15.35 @ 15.41. It traded as high as 15.56 reaching our first target of 15.53 to 15.65 (always sell at least 1/2 of your shares once your risk is covered, then move your stop to your entrance price to lock in gains) resulting in profits of up to + 15 cents per share.

Traders holding overnight into Wednesday were advised to keep your stops just below 15.41 to lock in gains and the stock gapped down past our stop at the open forcing us to set an emergency stop just below 14.88 (15min low). The emergency stop held nicely and kept us in the trade. Please read the trade management guidlines located just above "today's trades" in every newsletter if you are unclear about emergency stops.

Traders holding overnight into Thursday were advised to keep your stops just below 14.88 to lock in gains and the stock traded as high as 15.69 resulting in profits of up to + 28 cents per share.

Traders holding overnight into Friday were advised to keep your stops just below 15.41 to lock in gains and the stock traded as high as 15.81 resulting in profits of up to + 40 cents per share before hitting our stop and closing the trade.

Final Chart showing the four day trade:


MOGN - MGI PHARMA Inc.

Date Stock Position Entry Current Stop Max P/L
08-19 MOGN Long 38.21

37.84

closed up to + $1.77 per share


MOGN set up Tuesday when it traded above 38.15 @ 38.21. It traded as high as 38.80 not yet reaching our first target but resulting in profits of up to + 59 cents per share so far.

Traders holding overnight into Wednesday were advised to keep your stops just below 37.30 to lock in gains and the stock traded as high as 39.78 reaching our first target of 39.06 to 39.18 (always sell at least 1/2 of your shares once your risk is covered, then move your stop to your entrance price to lock in gains) and resulting in profits of up to + $1.57 per share.

Traders holding overnight into Thursday were advised to keep your stops just below 38.21 to lock in gains and the stock traded in a range between 38.31 and 39.45.

Traders holding overnight into Friday were advised to keep your stops just below 38.31 to lock in gains and the stock traded as high as 39.98 resulting in profits of up to + $1.77 per share before hitting our stop and closing the trade.

Final Chart showing the four day trade:


TOY - Toys R Us, Inc.

Date Stock Position Entry Current Stop Max P/L
08-18 TOY Long 12.00

13.25

just below 13.14 up to + $1.68 per share


TOY set up Monday when it traded above 11.94 @ 12.00. It traded as high as 12.80 reaching our first target of 12.12 to 12.24 (always sell at least 1/2 of your shares once your risk is covered, then move your stop to your entrance price to lock in gains) resulting in profits of up to + 80 cents per share in one day!

Traders holding overnight into Tuesday were advised to keep your stops just below 12.00 to lock in gains and the stock traded as high as 13.14 resulting in profits of up to + $1.14 per share.

Traders holding overnight into Wednesday were advised to keep your stops just below 12.75 to lock in gains and the stock traded in a range between 12.86 and 13.16.

Traders holding overnight into Thursday were advised to keep your stops just below 12.86 to lock in gains and the stock traded as high as 13.68 resulting in profits of up to + $1.68 per share.

Traders holding overnight into Friday were advised to keep your stops just below 13.00 to lock in gains and the stock traded in a range between 13.14 and 13.66.

Traders holding overnight into Monday should keep your stops just below 13.14 to lock in gains. Sell shares on any decent advances or "gap up" openings and trail out of all remaining shares when our stop is hit.


AAP - Advance Auto Parts Inc.

Date Stock Position Entry Current Stop Max P/L
08-14 AAP Long 71.31

73.72

just below 73.70 up to + $3.89 per share


AAP set up Thursday when it traded above 71.25 @ 71.31. It traded as high as 73.17 reaching our first target of 71.56 to 71.68 (always sell at least 1/2 of your shares once your risk is covered, then move your stop to your entrance price to lock in gains) resulting in profits of up to + $1.86 per share in one day!

Traders holding overnight into Friday were advised to keep your stops just below 71.31 to lock in gains and the stock traded in a range between 71.70 and 72.95.

Traders holding overnight into Monday were advised to keep your stops just below 71.70 to lock in gains and the stock traded in a range between 71.82 and 73.14.

Traders holding overnight into Tuesday were advised to keep your stops just below 71.82 to lock in gains and the stock traded as high as 74.11 resulting in profits of up to + $2.80 per share.

Traders holding overnight into Wednesday were advised to keep your stops just below 72.95 to lock in gains and the stock gapped down past our stop at the open forcing us to set an emergency stop just below 71.25 (15min low). The emergency stop held nicely and kept us in the trade. Please read the trade management guidlines located just above "today's trades" in every newsletter if you are unclear about emergency stops.

Traders holding overnight into Thursday were advised to keep your stops just below 71.25 to lock in gains and the stock traded as high as 74.34 resulting in profits of up to + $3.03 per share.

Traders holding overnight into Friday were advised to keep your stops just below 72.20 to lock in gains and the stock traded as high as 75.20 resulting in profits of up to + $3.89 per share.

Traders holding overnight into Monday should keep your stops just below 73.70 to lock in gains. Sell shares on any decent advances or "gap up" openings and trail out of all remaining shares when our stop is hit.


LLTC - Linear Technology Corporation

Date Stock Position Entry Current Stop Max P/L
08-12 LLTC Long 36.35

40.03

just below 39.89 up to + $4.98 per share


LLTC set up Tuesday when it traded above 36.29 @ 36.35. It traded as high as 36.61 not yet reaching our first target but resulting in profits of up to + 26 cents per share for those that sold before EOD.

Traders holding overnight into Wednesday were advised to keep your stops just below 35.63 to reduce risk and the stock traded as high as 37.33 reaching our first target of 36.98 to 37.10 (always sell at least 1/2 of your shares once your risk is covered, then move your stop to your entrance price to lock in gains) resulting in two day profits of up to + 98 cents per share.

Traders holding overnight into Thursday were advised to keep your stops just below 36.35 to lock in gains and the stock traded as high as 37.87 resulting in three day profits of up to + $1.52 per share.

Traders holding overnight into Friday were advised to keep your stops just below 36.67 to lock in gains and the stock traded as high as 38.02 resulting in four day profits of up to + $1.67 per share.

Traders holding overnight into Monday were advised to keep your stops just below 37.35 to lock in gains and the stock traded as high as 39.55 resulting in five day profits of up to + $3.20 per share.

Traders holding overnight into Tuesday were advised to keep your stops just below 37.54 to lock in gains and the stock traded as high as 39.53.

Traders holding overnight into Wednesday were advised to keep your stops just below 38.45 to lock in gains and the stock traded as high as 40.00 resulting in seven day profits of up to + $3.65 per share.

Traders holding overnight into Thursday were advised to keep your stops just below 38.69 to lock in gains and the stock traded in a range between 39.02 and 39.99.

Traders holding overnight into Friday were advised to keep your stops just below 39.02 to lock in gains and the stock traded as high as 41.33 resulting in profits of up to + $4.98 per share.

Traders holding overnight into Monday should keep your stops just below 39.89 to lock in gains. Sell shares on any decent advances or "gap up" openings and trail out of all remaining shares when our stop is hit.


KLAC - KLA-Tencor Corporation

Date Stock Position Entry Current Stop Max P/L
08-11 KLAC Long 48.53

57.05

just below 56.83 up to + $10.25 per share


KLAC set up Monday when it traded above 48.47 @ 48.53. It traded as high as 49.30 reaching our first target of 48.85 to 48.97 (always sell at least 1/2 of your shares once your risk is covered, then move your stop to your entrance price to lock in gains) resulting in profits of up to + 77 cents per share in one day.

Traders holding overnight into Tuesday were advised to keep your stops just below 48.53 to reduce risk and the stock traded as high as 49.72 resulting in two day profits of up to + $1.19 per share.

Traders holding overnight into Wednesday were advised to keep your stops just below 48.62 to to lock in gains and the stock traded as high as 52.59 resulting in three day profits of up to + $4.06 per share.

Traders holding overnight into Thursday were advised to keep your stops just below 50.20 to lock in gains and the stock traded in a range between 51.23 and 52.09.

Traders holding overnight into Friday were advised to keep your stops just below 51.23 to lock in gains and the stock traded in a range between 51.62 and 52.30.

Traders holding overnight into Monday were advised to keep your stops just below 51.62 to to lock in gains and the stock traded as high as 54.69 resulting in six day profits of up to + $6.16 per share.

Traders holding overnight into Tuesday were advised to keep your stops just below 52.20 to to lock in gains and the stock traded as high as 54.96 resulting in seven day profits of up to + $6.43 per share.

Traders holding overnight into Wednesday were advised to keep your stops just below 53.81 to to lock in gains and the stock traded as high as 55.14 resulting in eight day profits of up to + $6.61 per share.

Traders holding overnight into Thursday were advised to keep your stops just below 54.02 to to lock in gains and the stock traded as high as 56.07 resulting in nine profits of up to + $7.54 per share.

Traders holding overnight into Friday were advised to keep your stops just below 54.51 to lock in gains and the stock traded as high as 58.78 resulting in profits of up to + $10.25 per share.

Traders holding overnight into Monday should keep your stops just below 56.83 to lock in gains. Sell shares on any decent advances or "gap up" openings and trail out of all remaining shares when our stop is hit.



* Key
==============================
EOD = End of day.
LOD = Low of day.
PDC = Previous Day's Close.
S/R = Support/Resistance.
==============================

DISCLAIMER: Trading in securities may not be suitable for all individuals.
Consult your broker or other professional to determine your suitability.
The discussions provided by Day Trading It are for educational purposes
only and should not be taken as a recommendation to buy or sell the
referenced security. Past performance is not indicative of future results.

Please keep in mind that these picks are chosen up to 12 hours before the markets open. During this time conditions, which will effect entry and exit on the above listed ideas, may change.


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