[06:12 am] Kris : good morning traders
[06:13 am] Kris : TMO, BMS, AEM, LOGI, DB,
RBS and CFX as possible shorts
[06:13 am] Kris : Today I’m watching EQT, DG,
DUK, AKAM and BCS as possible longs
[06:19 am] Brent : good morning
[06:28 am] Kris : 2 Minutes! Time To
Rock!
[06:28 am] Kris : Let’s have a great day!
[06:30 am] Kris : SINA long half
[06:30 am] Kris : WYNN long half
[06:31 am] Kris : ARUN long half
[06:32 am] Kris : AKAM long half
[06:32 am] Mitch : watching RCL for short
soon
[06:34 am] Mitch : watching CL, COlgate,
dumping now, let it stop going down before
buying
[06:34 am] Mitch : watching NIHD for long
soon
[06:35 am] Kris : long second half ARUN
[06:35 am] Mitch : watching AEM for long
[06:35 am] Mitch : watching OC for short
[06:36 am] Mitch : consider selling half of
CL, COlgate[06:37 am] Mitch : watching for
bottom in CMCSA
[06:37 am] Mitch : watching for short in CAR,
this one, take longer before entering
[06:38 am] Kris : AKAM long second half
[06:40 am] Kris : out half AKAM long
[06:40 am] Kris : WYNN long second half
[06:40 am] Mitch : consider covering half or
more of OC short
[06:40 am] Mitch : consider selling AEM
[06:41 am] Kris : LULU long half
[06:41 am] Mitch : CL is still ok here,
consolidating, holding last half of long
unless spikes down
[06:42 am] Kris : FFIV long half
[06:42 am] Mitch : CAR, Avis short looking
good, consider covering 1/3rd or more
[06:43 am] Kris : MCP long
[06:44 am] Kris : AVP getting defended
[06:44 am] Kris : look for a long in AVP
soon
[06:44 am] Mitch : CL, Colgate still ok
[06:44 am] Mitch : VMED long here, try
26.10
[06:45 am] Kris : AVP better support near
18.00
[06:45 am] Kris : out half ARUN long
[06:46 am] Kris : out half MCP long
[06:46 am] Mitch : hope you guys covered RCL
around 29, was watching other stocks
[06:46 am] Mitch : VMED stopped, keep
monitoring for 2nd long entry
[06:47 am] Kris : MGA strong against the
markets
[06:47 am] Kris : MON long half
[06:50 am] Mitch : ZMH, Zimmer long entry
here
[06:51 am] Mitch : consider reducing VMED
long above $26
[06:51 am] Mitch : consider selling VMED
[06:53 am] Mitch : CL still strong
[06:53 am] Mitch : CL today means COlgate,
not crude oil
[06:53 am] Mitch : cover CAR short
[06:53 am] Mitch : OC still heading down
[06:55 am] Kris : pending home sales coming
up in 5 minutes
[06:55 am] Mitch : consider covering OC
short, recycle your money into something
better
[06:55 am] Mitch : I meant that most of the
profit in OC short is already realized,
recycle into next good idea
[06:56 am] Kris : TNA long
[06:56 am] Mitch : CL, Colgate still good
[06:56 am] Mitch : consider reducing ZMH
[06:57 am] Mitch : getting a bounce in SPY
(SP500 etf)
[06:59 am] Mitch : consider reducing VMED
[06:59 am] Mitch : prob some big sellers on
VMED sitting at 26.05
[07:00 am] Mitch : consider selling CL,
Colgate long
[07:00 am] Mitch : watching TCK for long
entry soon
[07:11 am] Mitch : CL shortable but will be
more difficult than the long, smaller
profits, microtrades, repeated,
[07:11 am] Mitch : TCK starting to bounce
[07:12 am] Kris : SPY is gap filling. tried
to hold off the open and failed. pending
home sales numbers compounded the profit
taking.
[07:12 am] Kris : we need to break the
trendline resistance on the SPY before I’ll
go back to the long side.
[07:13 am] Kris : I will scan for strong
stocks to take long once/if we reverse
trend
[07:13 am] Mitch : lets forget the CL short
idea
[07:13 am] Mitch : watching WDC for possible
long
[07:13 am] Mitch : WDC should bounce
[07:14 am] Mitch : ITRI turned over already
but watch for short on a rebound
[07:15 am] Mitch : late to see ULTA bounce,
too late to buy, watch for short on top of
bounce
[07:16 am] Brent : SPY testing trendline
resistance
[07:16 am] Mitch : SPY bouncing so will help
TCK and WDC longs
[07:22 am] Mitch : anyone short ULTA?
[07:42 am] Brent : SPY testing resistance
again
[07:45 am] Brent : EQT alert
[07:45 am] Brent : thx michael
[07:52 am] Brent : EQT resumed
[07:52 am] Brent : nice alert on BG
candelas
[07:56 am] Brent : thanks again for the alert
Michael on EQT. Good work
[08:05 am] Brent : watching MDRX for a
bounce
[08:17 am] Brent : careful with MDRX if long,
this action isn’t very impressive
[08:23 am] Brent : BRY at lod[08:32 am] Kris
: watch for a lower high in EQT and then a
break to new lod[08:43 am] Kris : Everyone
have a great day and make sure you give Bert
a hard time.
[08:43 am] Kris : I have to leave early today
to catch a flight. I’ll be back online in
the morning.
[08:49 am] Brent : GMCR moving
[08:49 am] Brent : thx dmitry[08:50 am] Brent
: and michael, lol[08:54 am] Brent : SPY
still trending up towards hod[09:01 am] Brent
: SPY new hod[09:14 am] Brent : BRY
approaching lod again
[09:20 am] Brent : SPY new high
[09:42 am] Brent : watching FSLR for a
short
[09:48 am] Brent : consider reducing FSLR if
you took it short
[10:02 am] Brent : SPY testing hod[10:12 am]
Brent : SPY new hod[11:13 am] Mitch : should
get a bounce in the most bullish stocks
[11:20 am] Brent : SPY at trendline
support
[11:25 am] Mitch : so FSLR didn’t bounce but
TNA did, tells me FSLR is weak
[11:32 am] Mitch : hey truck, on that ONNN
swing trade, my suggestion is to consider
selling most of it today, maybe half or
2/3rds if you are long
[11:32 am] Mitch : sell signal on TNA
[11:50 am] Brent : consider reducing CAM if
short
[11:51 am] Brent : thanks for CAM mhaus[11:59
am] Mitch : not bad short here on CAM for 2nd
helping short
[12:02 pm] Mitch : Here is a new fortune. . .
. Ignore the 99% and stay in the 1%
[12:02 pm] Mitch : i have a bunch of notes
taped to monitor. Here is one from a fortune
cookie: Don’t worry about the stock market.
Invest in family.
[12:04 pm] Mitch : good mahus, BC was an
excellent long setup at 245pm eastern
[12:04 pm] Mitch : ort in BC, should get a
short, micro trade
[12:05 pm] Mitch : something is going on with
CSTR, not liking it as a long
[12:06 pm] Mitch : about those rules you are
talking about trv….. I find you can break
one of the rules occasionally but you cant
break two at a time and get away with it
without a loss. if you break 3 rules, odds
are real high you will lose
[12:06 pm] Mitch : let’s forget BC short
idea, too late in day
[12:14 pm] Mitch : if you went long CSTR last
few min, you might want to sell soon on this
rise
[12:14 pm] Mitch : not a short on top of
bounce like in morning, just sell most of
long
[12:14 pm] Mitch : use limit orders
[12:36 pm] Mitch : so the opportunity in TSA
is very quick and a little higher risk
[12:36 pm] Mitch : the general trend is up,
probably continues but not necessarily at
this rate
[01:00 pm] Brent : have a great night, see
you all in the morning
|
[06:05 am] joeytsa : unemployment claims
came in at 402k, 400k forecast, 404k last
report
[06:14 am] joeytsa : so if i have this
correct, the markets are rallying on the
debt cut in half?
[06:15 am] joeytsa : almost as if they
settled in a bankruptcy court
[06:18 am] derns : Good to see you
Joeytsa…I was reading your comments on
EU…it does seem like settlement in BK
court, but I am still skeptical on what it
all means
[06:19 am] joeytsa : im just trying to
understand it
[06:19 am] joeytsa : between the euro issues
and 2.5GDP
[06:21 am] joeytsa : gap down ;
PRGO,BMC,PLXS,AGNC
[06:22 am] joeytsa : gap up:
NFLX,GMCR,BIDU,SINA,AKAM,CTXS
[06:22 am] anthonyb : also AVP on the gap
down Joey
[06:24 am] anthonyb : HGR gap down
[06:30 am] joeytsa : BIDU big spike up
[06:32 am] joeytsa : HANS running
[06:33 am] joeytsa : watching ORLY
[06:34 am] joeytsa : traders, don’t forget
to keep watching CRM from yesterday’s
news..It’s up 5 pts from yest close
[06:36 am] joeytsa : GOOG punched thru 600
just after the open
[06:37 am] joeytsa : Great call
Mitch…thank you !!!!
[06:38 am] scalpman : OUt 1/2 NIHD L
[06:38 am] joeytsa : tighten stop if you are
short BMC
[06:39 am] joeytsa : PRGO dropping
[06:39 am] scalpman : All out NIHD
[06:40 am] scalpman : ..forgot to move my
upper limit…oh well
[06:40 am] joeytsa : SPY slowly trending
down since the open
[06:41 am] scalpman : OUt 3/5 Akam l
[06:41 am] anthonyb : HGR starting to turn
up
[06:42 am] joeytsa : NFLX having problems at
the moment breaking thru some res
[06:43 am] joeytsa : VMED weak
[06:45 am] joeytsa : tighten stop on VMED
short
[06:46 am] joeytsa : out half VMED trailing
stop down
[06:47 am] joeytsa : stopped +.75 on half,
+1 other half
[06:47 am] joeytsa : still dropping
though
[06:48 am] joeytsa : NIHD dropped on open,
weak bounce and down
[06:49 am] joeytsa : VMED bottomed
[06:49 am] joeytsa : i think
[06:49 am] pandozzi : I’m long vmed 25.01
[06:49 am] joeytsa : l VMED 25.25
[06:50 am] skydiver : L VMED 25.11 time:
6:48
[06:50 am] apple : LVMED 25.25
[06:50 am] joeytsa : stop set at 25.50
[06:50 am] joeytsa : trail stop to 25.75
[06:51 am] truck : heck of an entry Apple
!
[06:51 am] joeytsa : up to 25.90
[06:51 am] apple : 1/4 25.98
[06:51 am] joeytsa : all out at 26
[06:52 am] monster : cmcsa[06:52 am] apple
: all out 25.72
[06:52 am] skydiver : all out of VMED
25.75
[06:53 am] pandozzi : out half vmed 25.61
[06:53 am] derns : TZA is moving up
[06:54 am] joeytsa : anyone trailing NFLX
down
[06:54 am] joeytsa : besides shark 🙂
[06:54 am] skydiver : not me joey
[06:54 am] shark : ME, ME, ME…Joey
[06:54 am] apple : I am
[06:54 am] derns : I’m watching NFLX w/ you
Joeytsa[06:55 am] joeytsa : i know
shark…they struggled with res, looked
weak
[06:55 am] joeytsa : thanks Kris…slipped
my mind
[06:55 am] joeytsa : great advice Mitch
[06:56 am] shark : yes…
[06:56 am] apple : yes, thx MK
[06:57 am] joeytsa : CL got back to prev
cl…left a lot of money on the table on that
one
[06:57 am] joeytsa : GMCR trending down
[06:58 am] joeytsa : waiting to see if CRM
cracks
[06:59 am] anthonyb : stopped out AEM
long
[06:59 am] joeytsa : CRM cracked anyone else
in?
[06:59 am] pandozzi : out other half vmed
26.01 buck profit thx mitch[07:00 am]
chinhngo : yes crm option put
[07:00 am] shark : DIA & SPY at
lod[07:00 am] Kris : home sales missed
[07:00 am] shark : 30 min of pull back on a
lot of stuff
[07:00 am] joeytsa : out half CRM
[07:00 am] joeytsa : you mean people aren’t
buying homes?
[07:01 am] Kris : no joey
[07:01 am] Kris : people are not buying homes
at a higher rate than previously expected
[07:01 am] joeytsa : all out CRM
[07:02 am] pandozzi : aem setting up for
long here??
[07:03 am] anthonyb : it broke MAJOR support
pandozzi AEM
[07:03 am] joeytsa : TWC looks weak
[07:07 am] lightning : AVP starting to
move
[07:10 am] cowboyh : someone knocked the
wind out of SPY
[07:10 am] anthonyb : AEM long working
[07:10 am] pandozzi : go aem[07:11 am] apple
: L AEM 42.64
[07:11 am] eyes-inthenow : Kris any thoughts
on TCK
[07:12 am] apple : joey, tx for TWC L
63.95
[07:12 am] apple : thx for info K
[07:13 am] joeytsa : GTLS another one that
died after a quick pop on the open
[07:13 am] joeytsa : my pleasure apple 🙂
[07:13 am] scalpman : oUT 3/5 aem[07:14 am]
joeytsa : V with a nice U shape
[07:14 am] scalpman : AEM L next target
43.54
[07:15 am] apple : SPY moving up
[07:16 am] joeytsa : done trading for the
day, great calls, stay alert…see you in
the morning 🙂
[07:16 am] scalpman : OUt 3/5 TNA L
[07:16 am] scalpman : OUt another 1/4 AEM
L
[07:17 am] scalpman : AEM stop in the green
at 42.99
[07:17 am] rusty : HOTT radar
[07:17 am] apple : +1 on TWC
[07:19 am] scalpman : trailing up stop on
AEM
[07:19 am] scalpman : All out aem[07:20 am]
pandozzi : i called that aem bottom and
cleaning up on it
[07:20 am] scalpman : Out another 1.4 TNA
L
[07:20 am] scalpman : 1/4
[07:20 am] apple : all out AEM +.80
[07:21 am] scalpman : Holding last piece
TNA
[07:21 am] scalpman : All out TNA
[07:22 am] scalpman : I’m flat…
[07:22 am] anthonyb : short AEM 43.51
[07:22 am] pandozzi : I’m out aem stop @
43.43
[07:22 am] pandozzi : up 3800 see ya guys
later and thx
[07:23 am] anthonyb : nice pandozzi[07:23
am] shawnt4 : would you still take ULTA
short at this price
[07:23 am] pandozzi : thx see ya guys in a
couple hours
[07:24 am] eyes-inthenow : Kris L WDC 27.10
w a stop .74
[07:24 am] Mitch : later pandoz[07:25 am]
Kris : good trade eyes
[07:25 am] mhaus : V
[07:26 am] derns : TZA is moving up again
[07:28 am] shark : as it should, derns, as
it should!
[07:30 am] derns : Shark…I agree…I have
been trying to restrain my fundamental bent
and go with the technical views…this just
makes me more confused…lol[07:30 am]
anthonyb : out 1/2 AEM short
[07:31 am] lightning : GMCR dropping (again,
and again)
[07:33 am] trvlntrdr : fslr resisting the
downward pull of market
[07:34 am] candelas : BG
[07:34 am] candelas : BG strong
[07:37 am] eyes-inthenow : L ERTS 24.31 With
Stop at 23.96 stopped out
[07:37 am] lightning : looked like a good
3min fade to me Eyes. Too bad.
[07:41 am] apple : yes, S ULTA 67.06
[07:43 am] eyes-inthenow : Lightning would
you try it again or not worth it
[07:44 am] lightning : I am going to pass
for now, Eyes
[07:44 am] eyes-inthenow : me too
[07:45 am] michael : EQT dropping fast with
volume
[07:46 am] michael : glad to contribute
[07:47 am] pmarvel : EQT halted
[07:47 am] candelas : halted
[07:47 am] candelas : BG still strong
[07:47 am] scalpman : WAS EQT halted
[07:47 am] candelas : yes
[07:47 am] trvlntrdr : Lucked out and got 84
bucks before it halted. pure luck
[07:47 am] scalpman : Yes it was
[07:48 am] apple : good for you trv[07:48
am] shark : you got in and out trvlntrdr?
[07:48 am] pmarvel : So what my shorts will
do?
[07:48 am] trvlntrdr : yes
[07:48 am] rusty : HOTT newlod[07:48 am]
trvlntrdr : better lucky than good
[07:48 am] scalpman : Code M –
[07:48 am] richard : Thanks for V…forgot
who at the moment
[07:48 am] trvlntrdr : I actually wanted to
stay in but it hit my target
[07:48 am] candelas : circuit breaker halt
EQT
[07:48 am] lightning : Trv, it’s best to be
lucky AND good, like you!
[07:48 am] scalpman : 10 % change within 5
minutes
[07:48 am] rusty : EQT halted
[07:48 am] shark : small target?
[07:48 am] trvlntrdr : usually unlucky !
[07:49 am] trvlntrdr : I have a automatic 1%
target
[07:49 am] apple : you deserve a little luck
now and then, trv[07:49 am] eyes-inthenow :
Kris Sideways action on WDC any thoughts
[07:49 am] trvlntrdr : you betcha[07:49 am]
lightning : not today….it’s luck changing
day for trv!
[07:49 am] trvlntrdr : I hope your right
lightning!
[07:49 am] pmarvel : So our EQT shorts will
be honored or cancelled?
[07:49 am] mhaus : MAC
[07:50 am] mhaus : ATHN
[07:50 am] trvlntrdr : I think FSLR is in a
little uptrend today
[07:50 am] shark : my Etrade account has EQT
65.85 bid – 67.15 ask -NOT even close to the
chart at 62.56
[07:50 am] Brent : there’s prob an imbalance
shark, it will line up when it opens
[07:51 am] shark : Oh, thx, Brent!
[07:51 am] derns : EQT 60.90/64.61 on
Schwab
[07:51 am] sfarrill : scott trade bid
61.07
[07:51 am] shark : Briefing reports 10:30
(ET?) conference call
[07:51 am] truck : watching BG
[07:52 am] scalpman : 61.07 – 62.37 on
Trade station
[07:52 am] rusty : EQT unhalt
[07:52 am] anthonyb : all out AEM short
[07:53 am] shark : Let’s Play EQT!
[07:53 am] anthonyb : will pass on EQT
[07:53 am] anthonyb : I’ll just learn by
watching
[07:54 am] anthonyb : hope some of you guys
got a piece of EQT
[07:54 am] derns : any news on EQT?
[07:55 am] shark : I think they were having
their conference call (per Briefing.com)
[07:55 am] apple : ab – i got it both
ways
[07:55 am] mhaus : C
[07:55 am] mhaus : PII
[07:56 am] derns : thx Shark…it has had a
great run up recently.
[07:56 am] skydiver : I was doing an anthony
— watching and learning on this one
[07:56 am] skydiver : EQT
[07:56 am] shark : MICHAEL (my new
brother)…you ‘da man!!!
[07:56 am] derns : wish I had traded live on
EQT…long at 63.21
[07:56 am] rusty : AMZN in talks to sell
Kindle in China
[07:57 am] michael : Very welcome. Got
lucky and looked at the right time
[07:57 am] apple : ab – keep away from all
sharp objects.
[07:57 am] pmarvel : EQT halted again
[07:57 am] apple : thx michael – we need
many eyes
[07:57 am] shark : you’ve got your moving
stock data set up WELL!!!
[07:57 am] anthonyb : the only mistakes I
made today, is I did not take a few
trades.
[07:58 am] scalpman : EQT halted again
[07:58 am] shark : Thx for putting up the
charts, Mitch!
[07:58 am] trvlntrdr : halted again??
[07:58 am] trvlntrdr : I lucked out 1 more
time though!
[07:58 am] anthonyb : how about shorting
it?
[07:58 am] shark : man, scalpy, you saw that
“halt” so quick!
[07:58 am] shawnt4 : why didn’t we have
4,000 shares long
[07:58 am] trvlntrdr : actually applying
mitches teaching, and Kris and Brent
[07:58 am] derns : Why would EQT be halted
on the way up?
[07:58 am] shark : good one, shawnt4
[07:59 am] pmarvel : Be careful. EQT can
reverse when resume I think
[07:59 am] shark : volume diminishing for
last 4 min
[08:00 am] scalpman : pmarvel got it
first
[08:01 am] anthonyb : Michael, where did you
find EQT? Scanner?
[08:01 am] shark : maybe the guy on the
floor couldn’t keep up with the orders
[08:02 am] shark : $$ stuck in the abyss
[08:02 am] mhaus : JAH
[08:03 am] michael : SPRD has had a pretty
good decline in last 30 minutes
[08:03 am] pmarvel : Out EQT
[08:04 am] mhaus : NVLS turning over
[08:05 am] pmarvel : I short EQT again in
paper trade
[08:05 am] anthonyb : me too 1,000,000
shares
[08:05 am] shark : so you will win the CNBC
Million $$$ game, anthonyb!
[08:05 am] derns : Short APKT…simulation
only at 34.59
[08:07 am] eyes-inthenow : MDRX increasing
Volume
[08:08 am] richard : EQT just paid for 1 yr
in the trading room…Good Eye Michael
[08:08 am] trvlntrdr : Brent I used the
consolidation in FSLR to enlarge my position
and profited!
[08:08 am] mhaus : DDD
[08:08 am] trvlntrdr : It was gently
trending up
[08:08 am] Brent : good job trv[08:09 am]
michael : Richard, absolutely, I’m glad it
worked
[08:09 am] lightning : SPRD getting better
every minute
[08:09 am] truck : out half ,BG ,plus .50
[08:10 am] trvlntrdr : I hope Visa is in
consolidation– what do you think Joey
[08:10 am] mhaus : CAB
[08:10 am] apple : trv – joey is gone for
the day
[08:11 am] trvlntrdr : oh — I think he
picked V
[08:11 am] apple : he did
[08:11 am] rusty : MF Global Said To Seek
Buyer For Futures Unit Within Days
[08:11 am] trvlntrdr : I owe him
[08:11 am] apple : thx rusty
[08:11 am] derns : MF is an interesting and
risky trade to watch
[08:13 am] apple : thx truck for BG +1
[08:14 am] skydiver : Got to take off —
Have a great day everyone! Been fun day.
[08:14 am] michael : QSII has moved a lot
but the charts are weird
[08:14 am] rusty : RAYS worth adding to
swing short watch for those of you
inclined
[08:15 am] truck : what time was your entry
Apple ?
[08:15 am] truck : BG
[08:15 am] pmarvel : Thnx Michael for EQT I
made tons of paper money. I wish I trade with
really one
[08:15 am] scalpman : Chkp testing lod[08:16
am] michael : I’m glad pmarvel, still a
positive
[08:17 am] rusty : Doug Kass: I am moving
into cash now in this emotionally driven
market.
[08:17 am] trvlntrdr : just make sure you
don’t change your rules when you trade for
real pmarvel!
[08:17 am] trvlntrdr : that is the trap of
paper trading
[08:18 am] pmarvel : Mitch, VMED shortable
soon?
[08:18 am] apple : truck 10:54
[08:20 am] anthonyb : thinking of pulling
the plug on MDRX long.
[08:20 am] anthonyb : plug pulled
[08:20 am] lightning : me too. Too bad,
MDRX looked like a great set up
[08:20 am] anthonyb : beautiful
[08:20 am] lightning : on to the next one
[08:21 am] apple : thx mhaus for ATHN
[08:21 am] eyes-inthenow : Out WDC 26.92
[08:22 am] mh : any on long WDC thinking
about giving up for a better idea
[08:22 am] anthonyb : and JAH thnx
mhaus[08:22 am] candelas : thx for EQT
mike
[08:22 am] mhaus : thanks for EQT, Mike
[08:22 am] trvlntrdr : yeah thanks for
EQT
[08:23 am] michael : just FYI, I prefer
Crown Royal over beer
[08:23 am] lightning : EQT dropping hard
again, may present another long
opportunity
[08:23 am] anthonyb : and DDD mhaus. I’m
still holding 400 shares short
[08:23 am] rusty : KMP radar
[08:24 am] trvlntrdr : although I didn’t
make as much as I saved with Sina
yesterday!
[08:24 am] rusty : KMP kinda thin
[08:25 am] sonorant : thanks for DDD
mhaus!
[08:25 am] anthonyb : yeah mhaus. 200 shares
left DDD short
[08:26 am] pmarvel : EQT getting wild
[08:26 am] eyes-inthenow : IMAX
[08:27 am] mhaus : quit EQT (short)early. My
limit buy order kicked in
[08:27 am] anthonyb : IMAX lookin good
aaron[08:28 am] richard : GOLD bottoming
[08:28 am] anthonyb : daily res is 18.88
IMAX
[08:28 am] mhaus : BRY going down
[08:29 am] candelas : me likey EQT, it keeps
on giving
[08:29 am] apple : me too
[08:31 am] mhaus : MDRX turning now
[08:31 am] scalpman : EQT L @ 62.15
[08:31 am] scalpman : OUt 1/2
[08:31 am] go4it : Thks for EQT +4.00
[08:31 am] candelas : pretty higher low,
hammer rejecting lower prices classic
[08:32 am] michael : that’s an awesome price
scalp
[08:32 am] apple : good job scalp and
go4it
[08:32 am] candelas : that would be classic
also
[08:32 am] go4it : I’m good for the day
now
[08:32 am] apple : thx K – playing w/EQT
back and forth $$$
[08:33 am] scalpman : out 1/4 more on EQT
[08:33 am] shawnt4 : you just tell me when
to short EQT Kris
[08:33 am] anthonyb : stopped IMAX
[08:34 am] scalpman : Out another 1/8
[08:34 am] scalpman : all out EQT
[08:35 am] jsn13 : Kris, at what price for
EQT are u looking to open ur short
position?
[08:35 am] eyes-inthenow : Imax broke thru
now at 19.40
[08:35 am] sonorant : still in EQT, last
1/3, stop at +90 cents
[08:35 am] shark : IMAX moving!!!
[08:35 am] go4it : It’s so hard to walk away
but i’m learning
[08:35 am] candelas : way to go Sonorant
[08:35 am] sonorant : thanks candles
[08:35 am] Brent : good job sonorant
[08:36 am] trvlntrdr : I took my eyes off
EQT for a while
[08:36 am] trvlntrdr : but back in short
[08:36 am] apple : me too
[08:37 am] trvlntrdr : based on Kris
recommendation
[08:37 am] trvlntrdr : I thought the higher
low was more significant that it is turning
out
[08:38 am] candelas : always have to think
in terms of right now
[08:38 am] apple : that’s all there is
[08:38 am] trvlntrdr : yep. You have to make
an opinion but be ready to change
immediately
[08:39 am] sonorant : CRM heading up
[08:40 am] trvlntrdr : and sina[08:40 am]
trvlntrdr : sina had been weak, but caught
the train
[08:40 am] rusty : SKX radar
[08:40 am] apple : better late than never
[08:41 am] scalpman : IMAX S @ 19.05
….little late
[08:42 am] mhaus : OXY
[08:43 am] rusty : GMCR — Starbucks told to
be seeking FTC approval to acquire over 30%
stake in Green Mountain [08:43 am] anthonyb
: out 1/2 ATHN
[08:43 am] apple : have a fabulous day, K,
see you tomorrow
[08:43 am] scalpman : OUt 1/2 IMAX S
(1%)
[08:44 am] dbzdbz : wow got bry 36.2 out
37.2
[08:44 am] sonorant : BG has had quite a run
up
[08:44 am] trvlntrdr : Kris thanks for the
info again!
[08:44 am] candelas : i will
[08:44 am] apple : we will, K, we will
[08:46 am] scalpman : I forgot about MDRX
darn…I was working EQT…
[08:46 am] scalpman : well there will be
more…
[08:47 am] candelas : i lost patience for
mdrx[08:47 am] anthonyb : MDRX looks like a
short setup to me
[08:47 am] scalpman : Me too anthony…but
that’s often when they move…
[08:48 am] scalpman : I should have put an
alert on…that’s the smart thing to
do….
[08:49 am] sonorant : is BG making a top,
and is SKX making a bottom?
[08:49 am] michael : GMCR
[08:49 am] pmarvel : Please explain me. Is
EQT going lower highs and lower lows?
[08:49 am] dmitry : GMCR
[08:49 am] mhaus : GMCR take over chatter
[08:50 am] trvlntrdr : pmarvel– made 2
lower highs
[08:50 am] anthonyb : bad odds michael
[08:51 am] trvlntrdr : do you want to tell
us the news source for gmcr[08:51 am]
anthonyb : all out ATHN thanks to whoever
gave me that one
[08:51 am] rusty : as a corollary to GMCR
chatter I posted…. Man Vows To Masturbate
In Every Starbucks Bathroom In NYC
[08:53 am] lightning : now there is a person
with ambition. Maybe a former Occupy Wall
Streeter.
[08:57 am] anthonyb : closed IMAX short
[08:59 am] eyes-inthenow : you s Imax
anthony[08:59 am] rusty : TIF alert
[08:59 am] rusty : moving up fast
[09:00 am] anthonyb : not any more. I got
out with a few cents
[09:00 am] mhaus : WDR
[09:02 am] rusty : panic buyers
[09:02 am] rusty : coming into the market
[09:03 am] rusty : when two weeks ago we
were at end of world
[09:03 am] scalpman : GMCR L @ 64.71
[09:04 am] mhaus : PEB
[09:04 am] mhaus : KEX
[09:05 am] mhaus : TWC
[09:05 am] scalpman : GMCR fizzled out with
small profit…stopped in the green….
[09:05 am] scalpman : ..stick of gum
[09:07 am] scalpman : Time to go…a had a
volatile day, with most gain in EQT…see you
all tomorrow.
[09:07 am] Brent : have a good night
ScalpMan[09:10 am] mhaus : TEX
[09:12 am] mhaus : ICE
[09:13 am] derns : TZA..it appears it is at
an all time low
[09:13 am] michael : TEX looks good mhaus,
appears to be an earnings move
[09:14 am] eyes-inthenow : anyone s TIF
[09:15 am] apple : thx mhaus for TEX
[09:16 am] anthonyb : I’m short TIF 200
shares
[09:16 am] anthonyb : @78.98
[09:17 am] mhaus : anthony, indicators
pointing up
[09:19 am] anthonyb : i know working on an
exit
[09:20 am] mhaus : EQIX alert
[09:20 am] eyes-inthenow : I was S 78.99
just got out .34 I was too impatient looked
like it was consolidating
[09:20 am] mhaus : big climbs
[09:21 am] dmitry : MDRX is showing some
love
[09:21 am] eyes-inthenow : What do you Think
BRENT on TIF
[09:22 am] Brent : TIF looks strong to me
[09:22 am] shark : AMZN alert!
[09:28 am] mhaus : CNH!
[09:28 am] sonorant : mhaus, thanks for
TEX
[09:30 am] mhaus : watching EV
[09:31 am] mhaus : SPY up but SINA down?
[09:31 am] anthonyb : break even day for me.
I missed some good trades but I can’t trade
them all. See you all tomorrow, and Rusty,
remember to wash your hands
[09:33 am] mhaus : watching WDR
[09:33 am] sonorant : missed
[09:33 am] sonorant : missed EQIX, when it
went, it went fast
[09:34 am] shark : LULU testing hod[09:36
am] pmarvel : Mhause, WDR trending up?
[09:36 am] mhaus : still up on 3M fade
[09:39 am] eyes-inthenow : Qwert how are you
doing today
[09:40 am] michael : FSLR moving up with
volume
[09:40 am] sonorant : candles, what is your
hit on WDR? It is an upward trending stock,
or a turning over stock?
[09:41 am] mhaus : WDR looks strong to me.
Brent, Mitch, care to comment?
[09:42 am] sonorant : yes, I shorted it, and
now wonder if I should have bought on the
dip. Or done NEITHER!
[09:42 am] mhaus : FSLR
[09:42 am] rusty : solars hod[09:45 am]
mhaus : BEN
[09:45 am] apple : B what do you think of
ILMN for a swing?
[09:46 am] apple : RVBD?
[09:47 am] Brent : I don’t like ILMN here
apple, has resistance at 32.50 area
[09:48 am] apple : thx, RVBD?
[09:49 am] sonorant : mhaus, thanks for FSLR
— man you are cranking them out this
morning. Maybe Mitch should put you on
payroll!! (Or at least manage one share for
you)
[09:50 am] shark : LULU very good day -break
out over 50day MA – above avg vol.
[09:52 am] Brent : RVBD is interesting apple,
could have another day or two up if the
market stays up. Strong resistance at $30
though
[09:52 am] apple : great, thx!
[09:52 am] Brent : so not a lot of room at
this price
[09:55 am] lightning : watching ILMN for
possible short
[09:57 am] candelas : thx for Ilmn[10:02 am]
mhaus : missed IMAX
[10:04 am] sonorant : that’s ok, we are all
waiting for ILMN to break down. Of course
candles got a better price than I did 😉
[10:05 am] eyes-inthenow : 5 for 5 losers
see you all tomorrow
[10:05 am] sonorant : tomorrow is another
day
[10:06 am] sonorant : thoughts on ILMN?
patience, or exit?
[10:07 am] lightning : Sonorant, I’m no pro,
but I am still short ILMN with a stop a few
cents above HOD. But if it hovers for
another five minutes, I’m taking half off.
[10:07 am] trvlntrdr : ILMN looks like it is
consolidating for a move up to me
[10:07 am] trvlntrdr : I don’t have a
position
[10:08 am] shark : I agree, trvlntrdr[10:09
am] trvlntrdr : Now the Spy is a little less
clear to me
[10:10 am] trvlntrdr : I was going to go
long Rimm but I want the spy to declare it
self
[10:10 am] candelas : i was able to get .25
and left ILMN
[10:10 am] trvlntrdr : ILMN will show itself
soon in this pattern
[10:11 am] shark : nice, slow drip up,
profit on LULU
[10:12 am] sonorant : I took 15 cents on 1/3
of my shares, have the stop just above hod,
and am sitting on the last 2/3
[10:12 am] sonorant : out ILMN
[10:12 am] trvlntrdr : we will know soon
[10:12 am] sonorant : I’m not going to fight
a breakout of the SPY
[10:13 am] trvlntrdr : good idea
[10:14 am] trvlntrdr : it still amazes me
when previously in-sync stocks don’t go up or
down with a breakout
[10:14 am] richard : PCP
[10:14 am] sonorant : I know trvln — you
think you know just what will happen, and
then…. it doesn’t
[10:14 am] doji : wow, the market has
rallied out…. we missed the swings
[10:15 am] sonorant : what does trvlntrdr
stand for?
[10:15 am] trvlntrdr : travelin’ trader
[10:16 am] mhaus : Mitch, what are your
thoughts for swing on a small TZA long?
[10:17 am] sonorant : got it. So I could
have hung on to my ILMN and waited for it to
sink.
[10:17 am] shark : TZA ? based on what
mhaus?
[10:17 am] mhaus : rubber band theory
[10:17 am] shark : reversion to the mean?
[10:17 am] mhaus : yes
[10:18 am] trvlntrdr : i don’t think it is
clear yet about ILMN
[10:18 am] shark : I would wait for more
clues that the market is reverting to the
mean
[10:18 am] mhaus : CLF
[10:18 am] shark : could run another 1-2
days
[10:18 am] mhaus : that’s what I am afraid
of
[10:18 am] shark : anybody in with me on
LULU?
[10:19 am] doji : Any ideas guys? Afraid of
entering any long after this big rally
[10:19 am] shark : wait for pull backs
doji[10:20 am] sonorant : the rubber band
theory. I love it. Still need to take a
break. Got sucked into the vortex here
😉
[10:20 am] candelas : what’s ur entry on
ILMN Sonorant
[10:20 am] doji : That is easy to say than
to catch Shark
[10:20 am] Brent : nice job shark on LULU, I
still have a small piece
[10:20 am] shark : Awesome! 🙂
[10:20 am] trvlntrdr : FSLR weakening after
a good run
[10:21 am] rusty : DDD radar
[10:22 am] rusty : PG lod[10:22 am] rusty :
pardon on PG … bad tick
[10:22 am] trvlntrdr : with ILMN long
consolidation it could have a strong move
[10:22 am] rusty : PG fading not lod[10:23
am] rusty : have a good day all
[10:30 am] mhaus : EQIX
[10:30 am] richard : WBC new high
[10:31 am] lightning : watching VIT for
possible short
[10:33 am] pmarvel : Mhaus EQIX forming 3
min fade?
[10:34 am] lightning : VPRT on a roll here,
but I’d like to see more volume
[10:37 am] sonorant : what has happened to
EQIX? computer got it by the throat?
[10:39 am] sonorant : ILMN broke out —
up!
[10:39 am] doji : People are buying sticks
as if there were no tomorrow!
[10:40 am] eyes-inthenow : 5 for 5 losers I
can’t do this much longer all were three M
fades
[10:40 am] trvlntrdr : It was looking that
way– I was a little nervous but I almost
bought it long
[10:40 am] trvlntrdr : with the long
consolidation I figured ILMN would have power
to go somewhere
[10:40 am] sonorant : I have been nailed
multiple times on the 3M fades eyes…
[10:41 am] sonorant : they are the best and
worst of both worlds for me.
[10:41 am] sonorant : I keep trying to
figure out how candles always sneaks in and
out of them so well.
[10:41 am] eyes-inthenow : well the way i
see it at least i had a plan today it just
did not work
[10:41 am] derns : TZA is so low..the market
is so strong
[10:42 am] trvlntrdr : I got stopped out of
TZA twice
[10:42 am] candelas : a whole lot of
practice and study and study and practice
[10:42 am] sonorant : and picking your brain
whenever possible for how to do it RIGHT!
[10:42 am] candelas : that’s a scary
thought, LOL
[10:42 am] derns : As Kris said the other
day, markets are irrational…I am really
surprised on how strong it is.
[10:42 am] sonorant : no, it isn’t.
[10:43 am] sonorant : I caught the ILMN
breakout — had an alert set. Have taken 2
profits already because I am a chicken heart,
but have one bullet left.
[10:43 am] trvlntrdr : I should have bought
ILMN.
[10:43 am] michael : DDD has possibilities
for a long
[10:43 am] trvlntrdr : But I was looking at
a 1min chart and thought it was 2– therefore
taking too long
[10:44 am] trvlntrdr : lol– live and
learn– again!
[10:44 am] Brent : what were the 5 3 min
fades eyes?
[10:44 am] Brent : I’ll look at them if you
want
[10:45 am] sonorant : I have done that
travelin’
[10:45 am] trvlntrdr : well there will be
more money to be made and lost in the
market!
[10:46 am] sonorant : this is true.
[10:46 am] trvlntrdr : But the ILMN breakout
turned out to be better than the Rimm I was
working
[10:47 am] sonorant : well I got in at
32.37, after it crossed hod, and it is at
32.68 now, so just 1% — if I were to get the
max, unless it goes up more
[10:48 am] eyes-inthenow : ERTS WDC TIF
CLI
[10:48 am] sonorant : and I have already
taken profits. So it is a drop against my
mistakes, not a home run. But every drop
counts,
[10:49 am] trvlntrdr : so you reversed
position
[10:49 am] trvlntrdr : I thought you were
short
[10:49 am] sonorant : I am in the black
$16.60, which is nothing short of a minor
miracle.
[10:50 am] sonorant : After someone said
something about a breakout from the
consolidation, I put alert lines above and
below the channel. I had already exited the
trade when the SPY spiked.
[10:50 am] sonorant : exited the first ILMN
trade.
[10:50 am] trvlntrdr : OK — I was one of
the ones who thought it was consolidation to
go up
[10:51 am] Brent : ok eyes
[10:51 am] trvlntrdr : I didn’t see your
other post a few minutes ago because I was
away
[10:51 am] Brent : ERTS….. good setup, just
didn’t work
[10:52 am] Brent : WDC, another good setup.
Following the rules, you shouldn’t have
stopped out.
[10:52 am] michael : Long DDD @ 16.70
[10:53 am] Brent : TIF, didn’t move enough
for 3 min fade. Where you shorted it moved
less than 3%
[10:53 am] doji : Michael, if the SPY
reverses, DDD will sink
[10:53 am] Brent : CLI, another good setup,
nothing you could do there
[10:53 am] eyes-inthenow : WDC I stopped
myself out sideways movement for too long
[10:54 am] Brent : did you add your second
half after the retest of the low?
[10:54 am] trvlntrdr : NFLX got off its
trendline, negative divergence in macd and
stochs so I am short
[10:56 am] pmarvel : Mhaus, EQIX 3 min fade
seems not working
[10:56 am] sonorant : Brent, what was the
time of the WDC trade? I am looking at the 3
minute chart on that and it looks really
rough. If I were to have gone in at27.08,
I’m not sure I would have taken any profit
before it simply went down.
[10:56 am] sonorant : or rather sideways, as
eyes says.
[10:56 am] eyes-inthenow : 77.51 up to 79
.27 isn’t that a 3%
[10:58 am] mhaus : it still looks strong on
3M
[10:58 am] Brent : 2.3% eyes
[10:58 am] pmarvel : Yes it is Mhaus[10:59
am] eyes-inthenow : No i did not my bad i
just tightened my stop
[10:59 am] Brent : sonorant, you are correct
on WDC. Just saying following the rules, it
would’ve worked out. I’ve been known to
break the rules too though, lol[10:59 am]
mhaus : somebody tied a rock to SINA
[11:00 am] Brent : I broke my rule on MDRX,
and missed out huge
[11:00 am] sonorant : Brent, I usually think
of a 3 minute fade as a faster move up.
Should I be thinking a longer time frame?
[11:00 am] Brent : shouldn’t have stopped on
that one
[11:01 am] sonorant : so on MDRX you had too
tight of a stop?
[11:01 am] Brent : they should happen within
the first 12-15 min
[11:02 am] sonorant : okay great, thnx. TIF
was really an upward trending stock, wasn’t
it? So the issue was seeing it through that
lens rather than as a reversal.
[11:02 am] sonorant : yes?
[11:02 am] Brent : depends on what the market
is doing. If the SPY is selling off but your
long position is consolidating and not
breaking down, you can be more patient
[11:02 am] sonorant : right, have to
remember to look at the SPY
[11:03 am] Brent : It’s when the SPY is
moving up and your long position isn’t, is
where you need to be more cautious
[11:03 am] eyes-inthenow : Today is the only
day that I actually traded a strategey o well
was i at least good on my analytics
[11:03 am] qwert : ilmn coming back to test
the breakout
[11:03 am] pmarvel : FSLR going hod after
hod.
[11:03 am] trvlntrdr : I thought FSLR was
turning over at 53 when it was just
consolidating
[11:04 am] sonorant : So CLI was a problem
because it went down again a little too much
after the initial setup, yes?
[11:04 am] pmarvel : FSLR shortable
now???
[11:04 am] Brent : most were good setups
eyes
[11:05 am] sonorant : CLI was wicked. It
would almost have been easier to trade on a 1
minute chart.
[11:05 am] sonorant : that is a really good
lesson.
[11:06 am] eyes-inthenow : thanks Brent for
looking
[11:06 am] pmarvel : FSLR shortable?
[11:06 am] sonorant : and on a two minute
chart, CLI was picture perfect! pays to
check multiple time frames I guess.
[11:06 am] trvlntrdr : I think FSLR is a
trending stock
[11:06 am] Brent : Sure eyes
[11:07 am] michael : FSLR still looks a
little strong
[11:07 am] pmarvel : OK I see its too
strong
[11:07 am] trvlntrdr : If you short it you
are playing with fire
[11:08 am] doji : DDD doing well Michael,
good job
[11:08 am] pmarvel : GMCR?
[11:08 am] trvlntrdr : you might look at
shorting Sina[11:08 am] doji : TZA
[11:09 am] trvlntrdr : maybe not
[11:09 am] michael : thank you Doji, I
bailed at 17, too early of course
[11:10 am] doji : FSLR dropping
[11:12 am] sonorant : there is a lot to
learn from those 4 charts eyes… it is a
process thanks for sharing so I could learn
from them too.
[11:13 am] trvlntrdr : I can’t get SINA
[11:15 am] michael : MAKO dropping but lower
volume stock
[11:16 am] eyes-inthenow : how about PPO
[11:16 am] eyes-inthenow : too strong
Brent
[11:21 am] Brent : I don’t care for it
eyes
[11:21 am] Brent : PPO that is
[11:21 am] eyes-inthenow : ya it looks
strong
[11:23 am] pmarvel : TNA bouncing but FSLR
not
[11:26 am] pmarvel : Mitch so FSLR should be
shorted? I’m in long
[11:26 am] joeytsa : just checking
in…noticed the VIX has dropped 15% to
25.39
[11:28 am] michael : pmarvel I was hoping
FSLR went up one more time and turned over
below hod[11:28 am] truck : Mitch,,,good
call on swing,,ONNN[11:31 am] candelas : a
lot of money managers are underwater this
year, so they are trying to play catch up
today as well
[11:31 am] trvlntrdr : I thought FSLR was
dying at 53 but now I think it really is
[11:31 am] sonorant : michael, you are about
to get your wish — maybe…
[11:31 am] pmarvel : Thnx Michael
[11:31 am] doji : FSLR is not dying I
think
[11:32 am] michael : sorry, should have
completed my thought. Just wanted to move up
so after being so strong I would feel betting
about shorting it
[11:32 am] trvlntrdr : It was leading the
way all day, not now
[11:33 am] truck : Thanks,,,,took half off
at 7.95…….watching,,,,thanks again
[11:33 am] eyes-inthenow : PPO turned out to
work did not s thou
[11:33 am] trvlntrdr : but you might be
right it is still on the trendline[11:33 am]
trvlntrdr : I haven’t committed yet
[11:37 am] truck : out another 1/4 7.95
,,ONNN
[11:41 am] mhaus : CAM
[11:44 am] eyes-inthenow : Good Night
Everyone and Good Luck
[11:44 am] Brent : see you tomorrow eyes
[11:45 am] mhaus : CAM really running up
[11:45 am] truck : Brent,,,what are you
watching ?
[11:46 am] Brent : just CAM right now
truck
[11:46 am] truck : us also
[11:48 am] candelas : sweet
[11:49 am] shawnt4 : how low can TNA go
Mitch
[11:49 am] doji : CAM S 51,39
[11:49 am] candelas : and juicy
[11:50 am] sonorant : CAM ;s 51.38
[11:50 am] doji : 1/2 out CAM
[11:51 am] trvlntrdr : nice move CAM
shorter
[11:51 am] trvlntrdr : i didn’t play
[11:51 am] candelas : thx Mhaus[11:51 am]
truck : CAM ,,,nice ! Thanks
[11:52 am] doji : Thanks mhaus[11:52 am]
victor51 : hanks Gang. 7 out of 7
winners
[11:52 am] Brent : awesome victor
[11:53 am] shawnt4 : let’s see if we can
find one awesome trade, for the last hour
[11:55 am] truck : out another 1/4
50.69,,,CAM
[11:55 am] doji : all out CAM
[11:55 am] truck : out CAM
[11:56 am] sonorant : I will follow suit —
out CAM
[11:56 am] sonorant : mhaus, thanks
again.
[11:56 am] joeytsa : nice job victor
[11:57 am] pmarvel : Thnx Mhaus for good
calls
[11:58 am] doji : Wow CAM just moved up very
quick
[11:58 am] pmarvel : CAM 2nd helping?
[12:00 pm] trvlntrdr : I am finding the more
I trade exactly as mitch teaches the better
it goes
[12:01 pm] Mitch : good to hear trv; i find
if i follow what i teach the better things go
too
[12:01 pm] trvlntrdr : If I just keep all
the rules in my head at once I would have
less trouble!
[12:01 pm] trvlntrdr : If it goes wrong I
usually dropped one of the rules
[12:01 pm] joeytsa : tape the rules to the
side of the monitor
[12:01 pm] trvlntrdr : I read them before I
start in the am!
[12:02 pm] joeytsa : very smart
[12:02 pm] trvlntrdr : But easy to forget in
the excitement
[12:02 pm] trvlntrdr : one or two
[12:02 pm] mhaus : CSTR
[12:03 pm] truck : trvintrdr,,what ever
works for you,,fine,,,but, I cannot keep them
all in my head. I have them written
down,,,and I review them for 15-20 minutes
before the market opens….Still need to do
that.
[12:03 pm] trvlntrdr : but I do recommend
the Wizard training course and advance
scalping
[12:03 pm] mhaus : BC
[12:03 pm] trvlntrdr : I do the exact same
thing
[12:03 pm] joeytsa : mine says ” the only
valid reason to buy a stock is that it is
rising in price. If the price is rising, no
other reason is needed, if the price is not
rising, no other resons aer worth
considering”
[12:03 pm] trvlntrdr : I review them at the
beginning
[12:03 pm] trvlntrdr : and now I review them
at lunch
[12:03 pm] mhaus : NOG
[12:04 pm] doji : FSLR
[12:04 pm] trvlntrdr : I still make a lot of
errors but it usually goes back to forgetting
one or more rules
[12:04 pm] mhaus : VPRT
[12:04 pm] trvlntrdr : but at the moment it
is good
[12:04 pm] trvlntrdr : short FSLR, SINA,
NFLX
[12:05 pm] shark : bowling for $$$ – nice
mhaus[12:06 pm] trvlntrdr : I try not to
break any but sometimes break several
[12:06 pm] mhaus : out CSTR
[12:07 pm] trvlntrdr : I also don’t trust
myself
[12:07 pm] mhaus : out early 🙁
[12:07 pm] Mitch : you are coming up with
some good stuff mhaus[12:07 pm] trvlntrdr :
but as Brent pointed out yesterday, with
small positions you can be less fearful
[12:07 pm] mhaus : thanks Mitch
[12:08 pm] mhaus : my ATM is set for $0.50
profit, so many times I quit early
[12:09 pm] joeytsa : you can make a ton of
money picking off 50cents all day long 😉
[12:09 pm] mhaus : yes, but it is also a lot
of work with 100 share lots
[12:09 pm] joeytsa : true
[12:09 pm] trvlntrdr : mhaus the same goes
for me and I also find it does get the most
of the profit. except the runners
[12:09 pm] lightning : watching CSTR for a
bounce…and BC for a reversal
[12:10 pm] truck : It takes a weak stock to
be down 2% today….CSTR
[12:10 pm] lightning : oops, ok forget BC
[12:10 pm] joeytsa : but the good thing is,
to make more money you just have to get the
point where you can have more shares working
for you
[12:10 pm] trvlntrdr : you are right
joey!!!
[12:10 pm] joeytsa : slowly build up
[12:10 pm] trvlntrdr : that is my plan!
[12:11 pm] trvlntrdr : even on IB the
commissions eat you up
[12:11 pm] joeytsa : i started with 200
shares at the beginning
[12:11 pm] doji : What is going on with
CSTR?
[12:11 pm] rusty : 39 minutes until
hod[12:11 pm] joeytsa : good thing you
didn’t start trading a dozen yrs ago
[12:11 pm] joeytsa : i was jumping for joy
when i got my commissions under $50 RT
haha[12:12 pm] joeytsa : back flipped when
they got under $20 RT
[12:12 pm] doji : missed FSLR
[12:12 pm] trvlntrdr : FSLR s at 54.28
[12:13 pm] rusty : CSTR rumor possible delay
of new movies
[12:13 pm] doji : I was looking at 54.5 when
CAM got my attention
[12:13 pm] joeytsa : re: CSTR….don’t they
announce today??
[12:13 pm] trvlntrdr : I know there are only
so many things you can focus on
[12:14 pm] rusty : CSTR earnings after
close
[12:14 pm] Mitch : thanks rusty
[12:14 pm] rusty : .89 expected
[12:15 pm] joeytsa : i don’t like seeing
stocks fall into earnings
[12:15 pm] trvlntrdr : FSLR was a good stock
for a beginner like me to trade today
[12:17 pm] joeytsa : yeah FSLR nice uptrend
after the early drop…
[12:17 pm] joeytsa : looks like it followed
the 20ma from around 48 to just over 54
[12:17 pm] trvlntrdr : I should have just
stayed in it all day but I moved in and
out
[12:18 pm] trvlntrdr : Anyway it did behave
like a good stock
[12:18 pm] joeytsa : that’s ok…it’s easy
to see after the fact
[12:18 pm] trvlntrdr : SINA is a bad stock
though
[12:18 pm] trvlntrdr : out of FSLR at
53.03
[12:19 pm] joeytsa : SINA early was ok
[12:19 pm] trvlntrdr : I just mean I have a
hard time getting the pattern
[12:19 pm] mhaus : CTXS
[12:21 pm] shawnt4 : I bet we get a lot of
shorts tomorrow
[12:21 pm] joeytsa : just keep studying
charts
[12:21 pm] shawnt4 : I don’t believe things
are as rosy as everybody says
[12:21 pm] trvlntrdr : yer right joey, keep
studying
[12:21 pm] truck : CTXS,,,,up 18% in one
day… Amazing
[12:22 pm] trvlntrdr : Shawnt4– you know
what warren Buffet says
[12:22 pm] shawnt4 : what
[12:22 pm] trvlntrdr : buy when others are
fearful
[12:22 pm] mhaus : QSII
[12:22 pm] trvlntrdr : be fearful when they
are greedy
[12:22 pm] joeytsa : so does that mean he
said : sell when others are hopeful”
[12:23 pm] trvlntrdr : actually I think it
is greedy when they are fearful
[12:23 pm] trvlntrdr : fearful when they are
greedy
[12:24 pm] mhaus : MMM downgraded, still
strong
[12:25 pm] trvlntrdr : Take it easy
everyone–
[12:26 pm] shawnt4 : we are going to get
them tomorrow
[12:26 pm] shawnt4 : bang
[12:26 pm] mhaus : Mitch, I would like to
get your comments on a small TZA long for
swing.
[12:26 pm] trvlntrdr : thanks for everyone’s
help
[12:28 pm] mhaus : CLF
[12:29 pm] mhaus : CSTR really tanked
[12:29 pm] joeytsa : re: CSTR drop…almost
like yesterdays time-lag drop
[12:29 pm] joeytsa : there was that big
drop, and about a 20 minute lag to the next
drop
[12:30 pm] michael : DDD may be a good long
if it can turn back up above 16.10
[12:30 pm] joeytsa : happened on CRM
yesterday after the mention of it being the
next big short
[12:30 pm] mhaus : Mitch, I am L
[email protected]
[12:30 pm] mhaus : target 27.5
[12:30 pm] joeytsa : rusty: did you happen
to see if any news came out on CRM at the top
of teh hour?
[12:31 pm] joeytsa : thanks, i have been in
and out
[12:33 pm] joeytsa : mhaus: be careful with
TZA, it hit a 52wk low today
[12:33 pm] joeytsa : when the market turns,
it should be a great play
[12:33 pm] mhaus : joey, I am long and have
5c to go
[12:33 pm] mhaus : sell target is 27.5
[12:34 pm] mhaus : made it
[12:34 pm] joeytsa : nice
[12:35 pm] joeytsa : just be careful when
you fight the dominant trend 🙂
[12:35 pm] mhaus : That’s why I wanted
Mitch’s comments
[12:35 pm] joeytsa : put the odds on your
side..someone very smart keeps whispering
that to me each night 🙂
[12:36 pm] Mitch : sorry mhaus, not big fan
of that TSA trade,
[12:36 pm] mhaus : He has always taught us
that you will get a small bounce at the
bottom
[12:36 pm] rusty : VIX is sitting on its
200d ma and at its lower bollinger
band…kind of a key area
[12:37 pm] mhaus : Mitch, I am looking for
small targets to reduce risk
[12:37 pm] mhaus : with that I am up almost
$900 today
[12:37 pm] rusty : nothing further joey
[12:37 pm] rusty : that I saw
[12:37 pm] joeytsa : thanks rusty…looked
like an exact copy play from yesterdays CRM
drop, 20 minute lag to the next drop
[12:38 pm] rusty : VIX
http://my.jetscreenshot.com/demo/20111027-ze6
v-94kb.jpg
[12:38 pm] joeytsa : have a great day
everyone
[12:38 pm] mhaus : I will stop for the day
here.
[12:39 pm] mhaus : out flat 🙂
[12:40 pm] sonorant : mhaus — that is
really impressive. good work!
[12:41 pm] sonorant : how many trades?
[12:42 pm] mhaus : too many sonorant. almost
50 round trips
[12:42 pm] shark : Do you mean TNA,
Mitch?
[12:42 pm] mhaus : a few losses too in
that
[12:43 pm] mhaus : Shark, he was talking
about TZA
[12:43 pm] mhaus : replying to my
comments
[12:43 pm] shark : oh, ok. thx, mhaus[12:43
pm] sonorant : wow, that is a lot — but you
did well.
[12:43 pm] mhaus : I am ok as long as I am
in the green
[12:43 pm] doji : mhaus, did you do 50 trips
for 900 profit?
[12:44 pm] mhaus : yes doji[12:44 pm] mhaus
: small lots, small profit targets
[12:44 pm] mhaus : but my losses were also
in the 2~9 dollar range
[12:47 pm] sonorant : small position sizes?
(though bigger than my 30 shares)?
[12:47 pm] mhaus : lol[12:48 pm] mhaus : my
lot sizes are of 100 each
[12:48 pm] sonorant : 50 trips at $20/trip
would be 1K
[12:48 pm] doji : L TZA 27.76
[12:48 pm] mhaus : should have held my TZA
🙁
[12:48 pm] doji : will ride it to the end
with stop at be
[12:49 pm] mhaus : I was [email protected]
[12:49 pm] doji : let’s see where it ends
[12:49 pm] sonorant : 100 shares at 20 cents
would be $20
[12:49 pm] mhaus : yes, about $23 after
commissions
[12:50 pm] sonorant : good work
[12:55 pm] doji : come on TZA give me
28.5
[12:55 pm] mhaus : you will make it
Doji[12:57 pm] sonorant : mhaus, if your
losses were that small , how tight were your
stops?
[12:58 pm] mhaus : very tight.
[12:58 pm] mhaus : didn’t want to take risks
today
[12:58 pm] sonorant : on all your trades?
was your strategy if it didn’t work, get
out?
[12:59 pm] doji : closing here TZA
[12:59 pm] lightning : Thanks TSA and
everyone. A little red today with some
3-minute head fakes, but feeling OK about the
trades themselves. See you tomorrow
[12:59 pm] sonorant : before the bell
doji[12:59 pm] doji : yeap[12:59 pm] mhaus
: yep. $0.25 profit, $0.1 trailing and $0.25
stop
[01:00 pm] doji : Good night guys, tomorrow
I’ll be able to trade the whole day !
[01:03 pm] michael : I guess CSTR have good
news
[01:05 pm] lightning : michael, CSTR just
announced better than expected quarterly
earnings
[01:05 pm] michael : I would like to trade
those sometimes but too wacked for my
taste
[01:06 pm] lightning : I agree, but the
volume can get so small in the aftermarket I
wouldn’t know how to trade it.
[01:07 pm] michael : I’ve tried a couple
times but not able to do it with any
consistency at all.
[01:09 pm] michael : guess the news wasn’t
so good after all. 10% up and 20% down all
in less than 10 minutes
[01:12 pm] lightning : lol, just a 12 point
swing on CSTR in the last 10 minutes.
Someone made money, but if I was in it, I’d
probably be on the wrong side. 🙂
[01:13 pm] michael : seems like so many
times it moves in the opposite direction
first, like they draw you in then sink you
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