[06:18 am] Mitch K: not sure about this
saturday guys, we are in the middle of
another big revision
[06:31 am] Mitch K:
watching SSYS for top to short
[06:32 am]
Mitch K: watching AGU for bottom
[06:32
am] Mitch K: watching MON for
bottom
[06:33 am] Mitch K: watching
healthcare stocks for top: HUM, UNH,
AET
[06:33 am] Mitch K: watching RPM for
top to short
[06:33 am] Mitch K: watching
OCN for top
[06:34 am] Mitch K: watching
SRPT for bottom to buy
[06:34 am] Mitch K:
other healthcare: WLP, CI
[06:36 am]
Mitch K: watching DDD for top
[06:36 am]
Mitch K: watching PCL for bottom to
buy
[06:37 am] Mitch K: watching SPW for
top to short
[06:37 am] Mitch K: watching
DISH for top
[06:39 am] Mitch K: watching
PCL closer
[06:39 am] Mitch K: OCN
toppy
[06:39 am] Mitch K: watchign EAT for
botom
[06:39 am] Mitch K: watching HOG for
bottom
[06:40 am] Ed : SPY new
lod
[06:41 am] Mitch K: watching FIRE for
bottom to buy
[06:42 am] Mitch K:
monitoring WPRT for bigger drop and then long
at bottom
[06:42 am] Mitch K: FDO
toppy
[06:43 am] Mitch K: watchign CTXS
for bottom
[06:43 am] Mitch K: watching
RNF closer
[06:44 am] Mitch K: watching
FIRE closer
[06:45 am] Mitch K: watching
KSU for bottom
[06:46 am] Mitch K:
watching BHI for bottom
[06:46 am] Mitch
K: monitoring PSSI drop
[06:48 am] Mitch
K: watchign EOG for bottom
[06:49 am]
Mitch K: multiple trades on SPW today, both
directions
[06:49 am] Mitch K: monitoring
LEAP drop
[06:49 am] Mitch K: watching ANN
for top, soon
[06:50 am] Mitch K: watchign
ADTN for bottom
[06:51 am] Mitch K:
housing stocks up: DHI, TOL, PHM,
KBH,
[06:52 am] Mitch K: these were first
shorts
[06:52 am] Mitch K: More downside
on HUM, WLP healthcare
[06:54 am] Mitch K:
monitoring ILMN
[06:56 am] Ed : SPY new
lod
[07:00 am] Ed : also monitor SRPT for
plays both ways
[07:03 am] Ed : SPY new
lod
[07:04 am] Mitch K: PCL sell
signal
[07:06 am] Ed : monitor the 36 area
on SRPT if gets that far. was premarket
resistance
[07:13 am] Ed : very strong
SRPT so far
[07:14 am] Ed : nice long call
by Mitch,
[07:15 am] Ed : i need mulligan,
left quite a bit on table, but still made
goood cheese
[07:16 am] Mitch K: watching
SRPT for top to short for quick short
profit
[07:30 am] Mitch K: crude oil
inventories
[07:37 am] Ed : nice trading
guys/gals in SRPT
[08:10 am] Ed : new hod
SPY
[08:10 am] Ed : SPRD trading close to
hod,
[08:12 am] Ed : SPRD=SPY
[08:31
am] Ed : getting pullback in SPY
[08:36
am] Mitch K: how did you guys do with some of
these: RNF, FIRE, PCL
[09:25 am] Ed
: thx mike
[09:26 am] Ed : fund manager
says he likes the shares
[09:26 am] Ed :
PCRX alert
[09:30 am] Ed : SPY new
hod
[10:07 am] Ed : advanced
trade
[10:07 am] Ed : PSSi alert
[10:11
am] Ed : reducing 3/4 PSSI long
[10:22 am]
Ed : out all PSSI long
[10:36 am] Ed :
nice pullback in SPY
[10:39 am] Ed :
getting some selling in markets
[11:23 am]
Ed : getting drop in SPY
[12:23 pm] Ed :
good eye gum
[12:24 pm] Ed : nice one joey
on MUR
[12:38 pm] Ed : thx joey for
MUR
[12:48 pm] Ed : beautiful chart doji
NFLX
[01:00 pm] Ed : have a great evening
traders
| [05:51 am] qwert : Good morning
everybody
[05:54 am] chinhngo : good
morning mitch and qwert
[05:54 am]
mikewd2 -: good morning traders
[06:07 am]
lisas : gm all
[06:07 am]
elisha : Good morning Mitch and
traders
[06:07 am] elisha : gm
lisas
[06:11 am] lisas : gm
elisha
[06:12 am] khall : good
morning everyone!
[06:12 am] elisha
: gm khall
[06:12 am] lisas : gm
khall
[06:13 am] khall : gm elisha,
lisas
[06:13 am] jolliffboy : Good
morning Mitch and all traders.
[06:14 am]
skydiver : gm Mitch, Ed, and the rest
of this great bunch 🙂
[06:16 am]
jolliffboy : Mitch: Are you still
considering a get together to cover your new
software? My brother George aka gum would
like to fly out and participate. Do you have
a definite date? I really think it is a good
idea to do it in person.
[06:17 am]
jolliffboy : I would participate
also.
[06:17 am] eddy : hello
all
[06:17 am] mikewd2 -: thought we were
doing a webinar on saturday?
[06:17 am]
mikewd2 -: is that off the table.
[06:18
am] khall : I was under that impression
as well mike
[06:18 am] eddy : some
of us have demamded a phisical get
together
[06:18 am] eddy : but MItch
never commited to that
[06:18 am]
eddy : I still beleive a reunion would
be good for all of us
[06:18 am] mikewd2
-: was going out of town, but put plans on
hold because of webinar.
[06:18 am]
skydiver : Well, whichever, webinar, or
get together okay with me 🙂
[06:19 am]
mikewd2 -: eddy we doing it in
dubai?
[06:19 am] doji : Good day.
I’ll be travelling in 10 days so the webinar
should proceed this Saturday as
planned
[06:19 am] mikewd2 -: doji, you
see my FB message?
[06:20 am] khall
: hi doji
[06:20 am] eddy : dubai if
u guys want sure
[06:20 am] doji :
Hi Mike, Khall…
[06:20 am] eddy :
or any other place
[06:20 am]
skydiver : Okay Mitch – understand –
let us know when the webinar event will take
place
[06:20 am] doji : No Mike,
have’nt opened my e-mail
[06:20 am]
doji : Let me chevck
[06:20 am]
mikewd2 -: ok, no problem next few days would
be fine.
[06:22 am] mikewd2 -: doji, what
saturday are you going to be in
houston?
[06:22 am] mikewd2 -: i
forgot
[06:23 am] taco : good
morning
[06:23 am] apple : gm
morning to all savvy traders
[06:24 am]
khall : gm apple 🙂
[06:24 am]
elisha : not savvy yet buy gm
apple
[06:24 am] elisha :
but
[06:24 am] khall : we will be
soon…
[06:24 am] doji : QCOR could
challenge 20 today
[06:24 am] doji :
Hi apple
[06:24 am] apple : gm
khall
[06:24 am] apple : gm
elisha
[06:25 am] apple : gm
taco
[06:25 am] apple : gm
mike
[06:25 am] mikewd2 -: yes doji, will
be watching QCOR
[06:25 am] apple :
gm
dojiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii
[06:25
am] apple : gm joey
[06:25 am]
apple : gm sky
[06:25 am]
apple : gm qwert
[06:25 am]
ticktrader : Good Morning all
[06:25
am] skydiver : gm apple
[06:25 am]
apple : gm eddy
[06:25 am]
apple : gm jolli
[06:25 am]
apple : gm tick
[06:25 am]
eddy : hi apple
[06:26 am] mikewd2
-: also watching YOKU for possible
breakout.
[06:26 am] apple : thx
mike
[06:26 am] skydiver : SRPT gaps
up due to approval of it’
[06:28 am]
skydiver : SRPT gaps sharply due to its
drug Eteplirsen met its efficacy endpoint –
Piper Jaffrey upped its price target to
$38
[06:28 am] mikewd2 -: watching CLB
today
[06:35 am] doji : Watching
NFLX
[06:37 am] mikewd2 -: Lifelock
IPO
[06:37 am] skydiver : LXFR – ipo
– now open
[06:38 am] mikewd2 -: covered
TSO S, +0.50
[06:43 am] apple : good
one mike
[06:43 am] doji : NFLX
strong today
[06:44 am] skydiver :
watching FIRE
[06:46 am] skydiver :
L FIRE 46.40
[06:47 am] doji : NFLX
breakout
[06:48 am] skydiver : P –
take over chatter
[06:48 am]
skydiver : 3/4 out of FIRE L
46.85
[06:49 am] mikewd2 -: LOCK IPO
open
[06:50 am] mikewd2 -: QCOR at
PP
[06:50 am] mikewd2 -: just
watching
[06:53 am] apple : another
selloff on ES this morning
[06:55 am]
skydiver : ISMN report coming out soon
– 10:00am eastern
[06:55 am]
skydiver : thnx apple
[06:58 am]
doji : NFLX UP ON Citigroup analysist
buy recommendation; hope this is not the same
guys who said hold on NFLX when it was
dropping from above 300
[06:58 am]
skydiver : thnx doji
[07:00 am]
skydiver : ISMN came out 55.1 verses
expecations of 53.4
[07:00 am] doji
: Market should rally?
[07:00 am]
skydiver : hope so . . .
[07:00 am]
mikewd2 -: yes and started before the number
came out
[07:01 am] skydiver : SPY
coming up a llittle
[07:01 am]
skydiver : SPY coming up a
llittle
[07:01 am] skydiver : thnx
Mike
[07:01 am] Ed : numbers have to look
good going into tonight
[07:01 am]
doji : Hope?
[07:01 am] doji :
I agree Ed…
[07:01 am] doji : or
until election day
[07:02 am] Ed :
yep
[07:02 am] skydiver : SPY
dropped
[07:03 am] doji : WS not
buying ISMN numbers?
[07:03 am] mikewd2 -:
PAY
[07:04 am] skydiver : doesn’t
look like it doji
[07:06 am] doji :
Zero trades today, just watching…. no
loses… hahah
[07:06 am] skydiver :
thnx Ed on SRPT
[07:07 am] skydiver
: monitoring HPY
[07:08 am] doji :
Wow SRPT… going bananas
[07:10 am]
mikewd2 -: no shorts on SRPT, TS
[07:10
am] skydiver : none at Lightspeed
either Mike
[07:10 am] mikewd2 -: missed
CMG entry
[07:11 am] doji : No
shares of SRPT in TDA
[07:11 am]
doji : for short
[07:12 am]
skydiver : KORS S54.19
[07:13 am]
doji : Too late on KORS for
me
[07:13 am] skydiver : still in
FIRE L
[07:13 am] skydiver : wise
man doji on KORS
[07:14 am] skydiver
: good job Mitch 🙂
[07:15 am] apple
: wow, very nice, indeed!
[07:15 am]
doji : SPY nice rebound
[07:15 am]
doji : Ws buying ISMN numbers
anyway
[07:16 am] qwert : boy same
here Ed
[07:16 am] skydiver : still
nice Ed and qwert 🙂
[07:16 am]
victor51 : Mitch Best call I ever heard
from you SRPT. missed it
[07:17 am]
apple : sorry, forgot to mention
yesterday L calls on NFLX Nov 60
[07:18
am] qwert : nice apple
[07:18 am] Ed
: not many short shares many places, sure
shorts have scrabmled this am
[07:18 am]
chinhngo : bought vlo
[07:18 am]
doji : You did it again Apple….
remember your last “bollinger bands squeeze”
on NFLX months ago…
[07:18 am]
doji : hahaha
[07:18 am] apple
: i mentioned it again
[07:18 am]
qwert : i know and i still missed
it :((
[07:18 am] doji : did
not log in on Monday nor Tuesday
[07:18
am] mikewd2 -: watching puts on
SRPT
[07:19 am] mikewd2 -: MLNLX
moving
[07:19 am] apple : had it on
FB doji
[07:20 am] skydiver : all
out of KORS S
[07:21 am] mikewd2 -: come
to papa SRPT
[07:22 am] skydiver :
you got some puts on SRPT mike?
[07:22 am]
qwert : cant wait to see lightning
chart for srpt
[07:22 am] skydiver :
would be interesting qwert
[07:22 am]
mikewd2 -: only bought 3 puts, but paying off
nicely
[07:22 am] mikewd2 -: oct
40’s
[07:22 am] apple : nice one
mike
[07:22 am] skydiver : nice
Mike!
[07:23 am] skydiver : more
than one way to skin a cat — whoops my cat
saw me type that
[07:23 am] qwert :
haha
[07:23 am] apple : be careful,
be very careful, sky
[07:23 am]
skydiver : 🙂
[07:26 am]
scalpman : Based on the open…50% fib
retrace is 37.29 SRPT
[07:26 am]
scalpman : 37.39
[07:26 am] Ed : thx
sky
[07:26 am] doji : Just watching
today….
[07:28 am] mikewd2 -: would luv
to see 37.4 area, scalp
[07:30 am] mikewd2
-: PII
[07:30 am] mikewd2 -: crude oil
inventories down 482kbbls
[07:30 am]
scalpman : SRPT hovering above
40.00
[07:33 am] scalpman : sPRT
testing down
[07:34 am] scalpman :
SPRT testing 38.75
[07:35 am]
scalpman : I am on 2 minute
chart
[07:35 am] victor51 : Mike, do
you get weekly put or oct?
[07:35 am]
mikewd2 -: no weeklies offered
[07:35 am]
mikewd2 -: oct 20 expiration
[07:36 am]
mikewd2 -: just sold at 4.90, bought 2.90 –
600 profit minus commissions.
[07:37 am]
mikewd2 -: so 2/2 on using puts to short
stock with no short shares availabe
[07:37
am] apple : nice mike
[07:39 am]
doji : Nice Mike, there are not Oct’s
40 call in TDA….
[07:39 am]
skydiver : nice Mike — I’ve got to
learn more about this technique 🙂
[07:39
am] victor51 : Nice technique
Mike
[07:40 am] mikewd2 -: yeah Joey and I
discussed it for a while.
[07:40 am]
mikewd2 -: weeklies are really nice for this,
but not all have them.
[07:41 am]
doji : Why did you selected 40’s puts
and not 35’s or 30’s Mike?
[07:41 am]
mikewd2 -: liked closer to the money for
short term options.
[07:41 am] apple
: good strategy mike
[07:41 am]
skydiver : My time is up == See you all
tomorrow morning. Keep up the great
work 🙂
[07:41 am] doji : Ok, keep
that teaching for our meeting in Houston
Miki
[07:42 am] mikewd2 -: haha
[07:42
am] Ed : c ya sky
[07:42 am] qwert :
bye sky
[07:42 am] scalpman : see y
asky
[07:42 am] skydiver :
🙂
[07:42 am] lisas : rnf
[07:42
am] scalpman : ya skey
[07:42 am]
scalpman : ya sky
[07:42 am]
scalpman : I’ll get it
[07:43 am]
apple : bye sky, have fun
[07:43 am]
apple : gm lisa
[07:43 am]
lisas : hi apple
[07:44 am]
doji : SLB at 200d MA
[07:44 am]
doji : on the daily
[07:44 am]
doji : oil stocks have been weak
lately
[07:44 am] scalpman :
TPX
[07:45 am] scalpman : OCN for a
short…watching
[07:52 am] scalpman
: NSM short…a little late to see.
[07:53
am] victor51 : Scalp, OCN S on sim.
Nice
[07:54 am] scalpman : Good
victor…the TS scanner is pretty good..often
has many of Mitch’s ideas.
[07:55 am]
scalpman : ..sadly I missed it.. was
scanner..and missed the first drop.
[07:55
am] doji : Mike, WFT approaching
12….
[07:55 am] mikewd2 -: yeah
watching
[07:56 am] apple : nice
chart on OCN
[07:56 am] doji :
Watching FSLR
[07:59 am] scalpman :
VVUS Watch
[07:59 am] scalpman :
spike
[08:02 am] mikewd2 -: CLB
turning?
[08:05 am] apple : nice big
M (dbl top) on BBBY
[08:06 am]
scalpman : Anyone still holding on
OCN….very good!
[08:08 am] mikewd2 -:
missed it scalp was looking to enter below
34
[08:08 am] scalpman : ILMN watch
for Short
[08:10 am] scalpman : ILMN
..like to be closer to 52
[08:10 am]
mikewd2 -: me to scalp
[08:11 am]
scalpman : no shorts
[08:11 am]
mikewd2 -: SPRD? Ed.
[08:11 am] Ed : too
thin
[08:11 am] mikewd2 -: SPRD not near
hod
[08:12 am] mikewd2 -: of course,
should have know. haha
[08:12 am] Ed : thx
mike
[08:13 am] doji : SPY moving
higher
[08:13 am] scalpman : APKT
moving up
[08:14 am] mikewd2 -: SRPT
starting to falter.
[08:14 am] doji
: What time is the “debate” today?
[08:15
am] mikewd2 -: ILMN S
[08:17 am] mikewd2
-: covered ILMN +0.60
[08:17 am]
doji : That was very quick
Mike
[08:17 am] Ed : nice one scalp/mike
on ILMN
[08:18 am] mikewd2 -: should have
done half and carried half
[08:18 am]
mikewd2 -: 52.14 to 51.54
[08:19 am]
scalpman : Sadly No Shorts on ILMN at
TS…
[08:19 am] mikewd2 -: yeah, i did it
at etrade – supprise they had and no
TS
[08:19 am] mikewd2 -: normally don’t
check etrade if TS doesn’t have
them
[08:19 am] qwert : monitoring
NSM
[08:20 am] victor51 : Thanks
Scalp. Found ILMN S at Fidelity
[08:20 am]
scalpman : NSM for short
[08:22 am]
scalpman : …above 37
[08:22 am]
mikewd2 -: out CLB +1.10 100.00
[08:22 am]
apple : good one mike
[08:23 am]
mikewd2 -: NSM breakout on daily
[08:23
am] Ed : nice uptrend going back several
months
[08:23 am] scalpman : NSM L @
36.52
[08:23 am] doji : from
13
[08:23 am] mikewd2 -: blew thru 36.00,
so whole numbers not holding it
back
[08:24 am] apple : NSM
nice
[08:25 am] mikewd2 -: had a breakout
alert at 35.65, should have took it
[08:25
am] doji : It was downgraded this
morning… hahaha
[08:26 am] doji :
How is tt?
[08:26 am] Ed : they were upset
they missed the move from 13
[08:26
am] doji : it
[08:26 am] mikewd2 -:
haha, figures
[08:27 am] doji : I am
upset that I missed NFLX… I am downgrading
it now
[08:27 am] doji : on behalf
of Shark as he was waiting on NFLX to reach
50
[08:27 am] Ed : 🙂
[08:28 am]
apple : doji, you are just too
funny
[08:32 am] murano :
HPQ
[08:32 am] apple : have another
futures class – see you later
[08:33 am]
mikewd2 -: Whitman saying HPQ turning around
will take longer.
[08:35 am] qwert :
bye apple
[08:35 am] lisas : bye
apple
[08:36 am] mikewd2 -: HPQ
L
[08:36 am] doji : Really
bad!
[08:36 am] qwert : pcl was
goood to me
[08:37 am] doji : No
trades today….
[08:37 am] chinhngo
: yes i have long fire pcl with
PROFIT BUT ALL OUT NOW
[08:38 am]
chinhngo : long hpq at 16.59
[08:39
am] mikewd2 -: ILMN continued down after
bounce, not in though
[08:39 am]
doji : FSLR
[08:41 am] doji :
Anyone swing NFLX along with apple?
[08:42
am] scalpman : Didn’t get those,
Mitch.
[08:44 am] victor51 : RNF did
not work out
[08:49 am] chinhngo :
long hpq is ok now ?
[08:52 am]
scalpman : EXPE S
[08:53 am] Ed :
not for me, needs to stop going
down
[08:54 am] scalpman : NSM
dropping
[08:54 am] mikewd2 -: agree ed, i
tried and stopped but only a dime
[08:54
am] Ed : did u reverse once it showed
weakness
[08:54 am] mikewd2 -:
no
[08:55 am] mikewd2 -: reminds me of
CSCO last year
[08:55 am] mikewd2 -: could
easily see 15 i think
[08:56 am]
doji : Agg just waqtching NFLX move
higher… not chasing it here
[08:56 am]
mikewd2 -: i think longs think its dead money
for a year or so
[08:56 am] mikewd2 -: so
just dumping
[08:56 am] jsn13 : Ed,
so how u trade HPQ? long then
short?
[08:57 am] Ed : this was in depth
conversation 2 months ago, you were here then
as well. U should have taken notes
[08:57
am] Ed : i know qwert took notes
[08:58
am] Ed : sure some others
[08:58 am] Ed :
we discussed for long time, just
saying
[08:59 am] jsn13 : ya i took
notes…but next support si at 16.20+ area
right?
[08:59 am] doji :
Ed?
[08:59 am] Ed : support is support
until its not
[08:59 am] scalpman :
APKT …lunch time Short
[09:00 am]
jsn13 : i mean percieved support when
it broke 16.50….
[09:00 am] mikewd2 -:
fyi, SRPT down another $1.5 from where i
dumped put. yet put is only up another
dime.
[09:00 am] eddy : HPC a buy
for long now?
[09:00 am] qwert : i
did take notes Ed but missed HPQ right now we
r leaving for boston in 3 hours so doing lots
of stuff here
[09:00 am] jsn13 : so
why short when perceived support is kinda
near…
[09:01 am] Ed : so in the case of
HPQ, u get the bounce but when it feels like
it is weak based on selling vol, coming back
in, lack of upward move, I take short breakn
lod
[09:01 am] qwert : thats a great
example
[09:01 am] Ed : no problem
understood qwert
[09:01 am] mikewd2 -:
yeah, we discussed that scenario, I blew it
not shorting it.
[09:01 am] jsn13 :
ok gotya…thanks….im very very slow in
learning….sorry about it…
[09:01 am]
doji : Hey Ed, what do you think of
NFLX?
[09:02 am] Ed : if so jsn, based on
what u just said, take short at
16.43
[09:02 am] mikewd2 -: RNF nice
bounce off lod
[09:02 am] Ed : gets u away
from that .50 area
[09:02 am] jsn13
: yup….stop at?
[09:02 am]
chinhngo : add more hpq
[09:02 am]
Ed : ur fine jsn, ws just making
statement
[09:03 am] jsn13 : so
where was ur stop?
[09:04 am] mikewd2 -: i
was long 16.57 stopped 16.47, should have
turned and shorted
[09:04 am] Ed : atleast
we are talking it again, this is what u call
flowing with the markets
[09:04 am]
mikewd2 -: bad entry anyway, everything
heading south as far as indicators.
[09:05
am] mikewd2 -: that’s why we use stops,
right!!!
[09:05 am] mikewd2 -: chin, you
need to hope 16.00 provides the
resistance.
[09:06 am] mikewd2 -: else
timber!!!!
[09:06 am] Ed : this is where
its critical as trader to not think one
sided, bullish or bearish, but see what
market is given. If ur wrong, quickly reasses
and reverse only if u have the edge
[09:06
am] jsn13 : ok thanks ed for the lesson
again….where is ur stop if u get that short
at the break of lod? was it 16.52?
[09:07
am] chinhngo : mike hpq 16 resistance
or support ?
[09:07 am] Ed : U always want
edge, dont reverse just for sake of
reversing
[09:07 am] mikewd2 -: well just
whole number resistance
[09:07 am] Ed : in
this case we had edge why, daily is down,
buyers did not come in to bid stock up, so
look for short breakn new lod
[09:07 am]
Ed : ok to be tight, 16.53
[09:08 am]
jsn13 : ok gotya….nice….
[09:08
am] mikewd2 -: 2 pt bounce in srpt
[09:09
am] Ed : now when stock is in free fall, no
hurry, u can play aggressive, looking for buy
signal albeit in downtrender, or wait for low
to be put in, then test of at or near low
without it being taken out,
[09:09 am]
doji : Shorted NFLX at 64.43
[09:10
am] mikewd2 -: good plan Ed
[09:10 am]
doji : 61.43
[09:10 am] Ed : hope
this helps, so in this case from conservative
play no long yet in HPQ
[09:11 am] mikewd2
-: broke 16
[09:12 am] Ed : sorry doji,
just saw ur question
[09:12 am] doji
: No problem….
[09:12 am] Ed : now
during lunch time, I tend not to play the
weak stocks on bounce, this is just
me
[09:13 am] Ed : lunchtime for est.
11:45-1pm
[09:14 am] scalpman : Time
to go…see you tomorrow.
[09:14 am]
chinhngo : ed you will hpq bounce when
you have lunch sorry
[09:15 am] Ed : hey
chin are u long HPQ
[09:15 am]
chinhngo : yes
[09:15 am] mikewd2 -:
looked like 2x entries
[09:15 am]
chinhngo : 1 hour ago
[09:15 am]
mikewd2 -: at least
[09:15 am]
chinhngo : underwater now
deep
[09:15 am] Ed : what i was saying
chin is 11:45 to 1pme est. is lunch time for
wall street
[09:15 am] mikewd2 -: QCOR
moving a bit
[09:16 am] Ed : so on
downtrenders like HPQ will not try play long
bounce during those time
[09:16 am]
mikewd2 -: wow, no signs of a
bounce
[09:16 am] chinhngo : qcor
and arna are good to me
[09:17 am]
chinhngo : long crus is good
too
[09:18 am] chinhngo : see hpq
bouncing now
[09:18 am] doji :
?
[09:18 am] Ed : whats ur avg. price
chin?
[09:18 am] Ed : in HPQ?
[09:18
am] chinhngo : hpq = 16.29
[09:19
am] Ed : testing that low from back in
2004
[09:20 am] mikewd2 -: yep, and then
2002 – 10.75 area
[09:20 am] go4it :
Apkt
[09:20 am] mikewd2 -: analyst saying
funds will be exiting the position
[09:20
am] Ed : if they could tell us something we
dont see
[09:20 am] Ed : nice one
go4it
[09:21 am] mikewd2 -: Whitman says
it will take 5 years to turn around the
company.
[09:22 am] mikewd2 -: Ed are you
still short?
[09:22 am] Ed : still weak,
see how playing it conservative keeps on side
for long
[09:23 am] Ed : yes
[09:23 am]
Ed : only have 1/4 left
[09:24 am]
go4it : don’t thank me thank
Scalpman
[09:24 am] mikewd2 -: will not be
supprised if it hits 15 today
[09:24 am]
Ed : note to self, dont thank bruce
bruce
[09:24 am] Ed : 🙂
[09:24 am]
go4it : LOL
[09:25 am] mikewd2 -:
PCRX
[09:25 am] mikewd2 -: no shorts PCRX
at TS
[09:26 am] mikewd2 -: none at
etrade
[09:26 am] Ed : ohhh how
sweet
[09:26 am] mikewd2 -: only has 1
drug though
[09:28 am] mikewd2 -: CMG
nearing 300 again
[09:29 am]
chinhngo : see hpq bounce now
[09:30
am] chinhngo : hpq price above 20 ema
at 1 minute chart
[09:31 am] mikewd2 -:
one for rusty VRNG
[09:37 am] Ed : im sure
he is all over it
[09:53 am] mikewd2 -:
Vringo up 31% after judge orders settlement
talks with Google
[09:55 am] Ed : where is
joey today
[09:56 am] mikewd2 -: not
sure
[10:00 am] chinhngo : buy to
closed crus oct 39 put
[10:01 am] mikewd2
-: Whitman meeting with analyst
[10:05 am]
mikewd2 -: VRNG oct 5 calls, are at 1.20 –
stock at 4.15
[10:05 am] mikewd2 -: lots
of vol
[10:06 am] Ed : who knew, and when
did they now it
[10:07 am] mikewd2 -: i
took it long on break of 4.00
[10:07 am]
mikewd2 -: should sell the calls.
[10:09
am] mikewd2 -: TheStreetSweeper posts
cautious report on PSS World
Medical
[10:09 am] Ed : thx mike
[10:09
am] chinhngo : long pssi at
21.65
[10:10 am] mikewd2 -: touched the
200ema on daily.
[10:10 am] chinhngo
: sold pssi at 21.93 thank mitch
[10:11
am] qwert : Ed where did you get long
at what price
[10:12 am] Ed :
21.47
[10:12 am] mikewd2 -: nice one
ed
[10:12 am] Ed : tried to get small
amount at 21.17
[10:12 am] qwert : I
had an order for 21.25 small amount
[10:13
am] Ed : hair under 100moving avg
[10:13
am] mikewd2 -: i was busy reading the news –
haha
[10:13 am] Ed : thx mike for getting
news, team effort
[10:13 am] mikewd2 -:
VRNG still moving
[10:13 am] Ed : qwert
will pay you
[10:17 am] chinhngo :
mike what price to be long vrng ?
[10:17
am] mikewd2 -: 4.05 out 4.27
[10:17 am]
mikewd2 -: thought about selling covered
calls
[10:18 am] chinhngo : i want
to ask you what price i will set to long
vrng?
[10:18 am] mikewd2 -: did you get it
after it broke the consolidation?
[10:19
am] chinhngo : no
[10:19 am] mikewd2
-: its already moved over 40% today
[10:19
am] mikewd2 -: i wouldn’t get too greedy on
it.
[10:19 am] qwert : just tell me
where to send your commision Mike
[10:19
am] mikewd2 -: You need to have a plan Chin
when you enters these trades!
[10:20 am]
chinhngo : but how about keep
couple weeks
[10:20 am] mikewd2 -:
if you did i would consider writing covered
calls.
[10:20 am] chinhngo : that
why i ask you
[10:20 am] mikewd2 -: google
wins suit and it could go way way
down
[10:21 am] mikewd2 -: a win might
already be calculated in to price. not
sure.
[10:21 am] Ed : the 12th man, A
& M drive zip
00001
[10:21 am] Ed : that mike
address
[10:22 am] mikewd2 -: Mark Cuban
has big stake in VRNG
[10:22 am]
chinhngo : ok so forgot it thank mike
too risky
[10:23 am] mikewd2 -:
SRPT
[10:24 am] chinhngo : short
biib at 152.13
[10:24 am] qwert :
ma
[10:25 am] mikewd2 -: puts on SRPT
higher price this go around.
[10:26 am]
mikewd2 -: back in puts
[10:28 am]
murano : ADTN
[10:29 am] mikewd2 -:
Adtran says Q4 revenues may be down by
“teens” percentage from Q3
[10:44 am]
mikewd2 -: CLB moving a bit off
lows
[10:47 am] Ed : hey chin did u get
out of HPQ
[10:47 am] mikewd2 -: all out
ADTN 15.75 16.06
[10:47 am] chinhngo
: no may be hold overnight
[10:48 am] Ed :
how many shares u have
[10:48 am]
chinhngo : 12000
[10:48 am] Ed :
12000 shares
[10:48 am] chinhngo :
yes
[10:49 am] mikewd2 -: took my $100
loss and glad i don’t have 12k
shares.
[10:49 am] lisas : Not that
I’m an expert, but consider not holding all
overnight, not good to hold losers.
[10:50
am] lisas : Been there, done
that
[10:50 am] Ed : hey chin what will u
do, if stock gaps down
[10:50 am] mikewd2
-: or do covered calls to protect your
self.
[10:50 am] chinhngo : this
market is crazy one day down and onother dat
go up
[10:50 am] mikewd2 -: we hit a bad
market selloff and mutuals dump, it could hit
12 or lower.
[10:51 am] mikewd2 -: did
that with CSCO once, it hurt.
[10:51 am]
chinhngo : may be mike
[10:51 am]
chinhngo : but trend is up
anyway
[10:52 am] mikewd2 -: you haven’t
looked at HPQ daily chart – trend is
down
[10:52 am] Ed : hey chin, look how
the group is doing, will give u some sort of
indication
[10:53 am] lisas : chin,
agree with Mike
[10:53 am] chinhngo
: yes thank for your help
[10:53 am]
mikewd2 -: u still avg 16.29
[10:54 am]
chinhngo : average at 16.16
[10:54
am] mikewd2 -: maybe we will get a bounce
enough for you to consider dumping.
[10:55
am] chinhngo : hpefully
[10:56 am]
chinhngo : when trend up i will sell
some
[10:59 am] chinhngo : buy cover
biib
[10:59 am] mikewd2 -: analyst not
helping HPQ, calling it a value
trap
[11:00 am] Ed : just sayingm,
possible to get 3 days of selling in
stock
[11:00 am] Ed : thats pattern u get
sometimes on stocks like hpq
[11:01 am] Ed
: of course who knows
[11:01 am] Ed : u
could also, box ur position chin
[11:01
am] chinhngo : yes i will sell some
today
[11:01 am] mikewd2 -: what’s box
your position ed?
[11:01 am] Ed : but at
this level kind of toss up
[11:01 am] Ed :
short same number of shares
[11:02 am]
lisas : HPQ volume today 4 x’s average,
that can only be fund’s selling
[11:02 am]
mikewd2 -: oh
[11:02 am] Ed : then will
stop bleeding on portfolio downside
[11:02
am] Ed : then when u get buy signal on 15min
chart, cover the short
[11:03 am]
chinhngo : but macd and adx is too low
now so i have the change price go
up
[11:03 am] mikewd2 -: yeah on 15min
there hasn’t been a green candle.
[11:03
am] Ed : right thats why i said not at this
level
[11:03 am] mikewd2 -: are you still
short Ed
[11:03 am] Ed : we are just
giving u options so u dont get hurt too
bad
[11:04 am] Ed : no im completely
out
[11:04 am] mikewd2 -: ok
[11:05 am]
Ed : hey chin something to think about going
forward, is to not add to losing position.
Its like putting good money after bad, or in
ur gambling days doulbing down and bad hand
at the table
[11:06 am] mikewd2 -: that
was one of my bad habits Ed, day trade,
double down then swing.
[11:06 am] mikewd2
-: lost tons this year on that
move.
[11:06 am] mikewd2 -: now i’m a day
trader only! at least for a while.
[11:07
am] Ed : I used to do that too, at times u
can get bailed out, but for longevity not
better play with ones money
[11:07 am]
mikewd2 -: yeah sometimes it works out, which
give you hope on all trades.
[11:07 am] Ed
: william o neil talks about that in his
book.
[11:08 am] mikewd2 -: triple high on
SRPT
[11:08 am] chinhngo : yes this
is bad attitude i need to improve
it
[11:08 am] mikewd2 -: its hard Chin,
took me a lot time and lots of hugh losses to
quit doing it.
[11:09 am] chinhngo :
i agreed mike sometime i get mad so double
down
[11:09 am] Ed : right has to come
from within, its like any bad habit cant be
forced by other to make one change
[11:09
am] Ed : It can be drilled into you by us,
but we cant make you change, thats up to you
chin, or anyone else that has that
issue
[11:09 am] eyes : How is
everyone doing today
[11:10 am] Ed : hot
and humid, how bout you
[11:10 am]
doji : Just came back and seeing your
comments; I had the same issue and costed me
a “lot” of money to stop buying on the
dips
[11:10 am] mikewd2 -: Ed, Joey and
Jason have been working on me for a year to
get rid of that habit. I finally got tired of
losing money.
[11:10 am] eyes :
making someone rich
[11:11 am] Ed : but
key, is you and doji worked on it
correct
[11:11 am] doji : I should
donated that money
[11:11 am] mikewd2 -:
In fact, i still have 5k shares of CSCO,
bought at 21 – two years ago. rode to 10’ish
and still have them.
[11:11 am] doji
: Now I have a maximu losss pre set up; I
know how much I could risk before I enter a
trade
[11:11 am] lisas : I tried the
“martingale” method on sim, it seldom worked
out. One day I lost about half my account in
sim, then I had a horrible feeling I might
have been live. I had to sign into my real
account like 5 times to assure myself it
really had been a sim loss. I decided then
and there never to do that, even if in sim
trading
[11:11 am] mikewd2 -: IRA account
so not too worried about it.
[11:12 am]
chinhngo : how about dead cat bounce
for next day it will be concern
[11:12 am]
mikewd2 -: i use to hope for that too
chin.
[11:12 am] Ed : i heard great trader
say, when we worked a 9 to 5, we respected
the money we made on job, but when we invest
we have horrible habits and we dont respect
the money, if so we would take so many things
about what we do how we invest seriously and
respectthe money
[11:12 am] cowboyh
: I think your right Ed HPQ might hit
15
[11:12 am] mikewd2 -: it might hit 15
today
[11:14 am] Ed : all great
points
[11:14 am] lisas : Have you
been selling calls on your CSCO
Mike?
[11:15 am] mikewd2 -: I have some
longer ones to recoup.
[11:16 am] mikewd2
-: plus now get divi’s.
[11:16 am] mikewd2
-: its an account i just don’t worry
about.
[11:16 am] qwert : bye
everybody cya in the am from Boston
[11:17
am] Ed : c ya qwert
[11:17 am] lisas
: bye qwert
[11:17 am] eyes : have a
safe flight
[11:17 am] taco : bye
qwert
[11:17 am] mikewd2 -: FSLR
[11:19
am] taco : thanks for being honest
chinhngo
[11:20 am] taco : i feel
for your position too
[11:20 am] mikewd2
-: It should help us all, definitely
re-enforced my plan to only day trade. and
keep stops in place.
[11:22 am] mikewd2 -:
having QCOR withdrawals, havent made a trade
in it in two days.
[11:22 am] Ed : the
longer can build that base the
better
[11:27 am] doji : Any news on
why the SPY is moving down?
[11:29 am] Ed
: dont see anything, but we need a break to
upside or could get ugly, if we get the break
to downside. Speaking of the indices on daily
charts
[11:30 am] Ed : got some patterns
forming, but early, will just play based on
how it plays out
[11:33 am] elisha :
lisas, what is martingale method?
[11:34
am] joeytsa : martingale = new casino
built 🙂
[11:34 am] mikewd2 -: hey
joey
[11:34 am] lisas : In a stock
like HPQ, you would keep buying as the stock
goes down, which lowers your average cost.
The theory is that eventually it has to go
back up. However, sometimes they don’t and
when they don’t, you blow up your
account
[11:34 am] elisha : hi joey,
everybody missed you
[11:34 am]
joeytsa : hey everyone..just getting
here
[11:34 am] lisas : I saw a guy
to that in the Russell live. He lost over
$300,000 in one day
[11:34 am] mikewd2 -:
often thought about that on black jack, lose
, then double down, and so on.
[11:35 am]
joeytsa : in theory it works
[11:35
am] elisha : thanks for the
explaination – it sounds horrible
[11:35
am] joeytsa : it reality it will work
to a point
[11:35 am] mikewd2 -: when you
are even and win, put it away.
[11:35 am]
mikewd2 -: it works in theory, if you have
enough money.
[11:35 am] joeytsa :
except that casinos have a table
limit
[11:36 am] Ed : 1 billion will do
it, if u stick with stocks
[11:36 am]
mikewd2 -: yeah
[11:36 am] Ed : in forex
could go really quick
[11:36 am]
joeytsa : after 7 losses in a row, even
if you hit, you are up only 1 unit
[11:36
am] mikewd2 -: actually your even –
right?
[11:36 am] joeytsa : no, you
would be up 1
[11:37 am] mikewd2 -:
ok
[11:37 am] joeytsa : but your
risk is crazy..
[11:37 am] joeytsa :
1,2,4,8,16,32,64,128,256,512,1028,2056
etc
[11:37 am] mikewd2 -: i was thinking
about matching your total losses each
time,.
[11:37 am] lisas :
Interesting, I noticed that TS considered the
higher price trades as losses, even though I
might make money. I realized it’s better just
to take the loss and reenter if a better
price presents, but only try twice on any
stock, need divergence to take second
try
[11:37 am] mikewd2 -: joey, knows
binary!!!
[11:38 am] Ed : hey doji, you
opec ministers did great job bringin price of
oil down
[11:38 am] joeytsa : those
numbers are only if you are betting $1
chips..try that with $5 or $25
chips
[11:38 am] Ed : great point lisa,
keeps you from overtrading
[11:38 am]
joeytsa : ive put in countless hours on
wagering systems and wagering/pattern
combinations
[11:38 am] doji :
FSLR
[11:39 am] joeytsa : lisa hit
the nail on the head
[11:40 am]
joeytsa : mike: did you nail that SRPT
trade?
[11:40 am] lisas : like right
now, HPQ is showing divergence on the MACD,
not that I’ll trade it.
[11:40 am] mikewd2
-: Chin needs a 5% move to get even,
about.
[11:41 am] joeytsa : lisa:
what timeframe, pos div?
[11:41 am]
lisas : 5 minute chart Joey
[11:41
am] joeytsa : thanks
[11:42 am]
lisas : Compare to NSM, where the MACD
is lower with it’s most recent low. That is
NOT divergence
[11:43 am] joeytsa :
good catch lisa
[11:44 am] lisas :
Do you gamble on a regular basis
Joey?
[11:44 am] joeytsa : i never
gamble..only “invest” haha
[11:44 am]
lisas : 🙂
[11:44 am] joeytsa
: not much anymore
[11:44 am]
joeytsa : i did it for a living for a
year..too much work, esp the horses
[11:45
am] joeytsa : the tables you have to
use smart wagering with a decent run of
luck…plus smart bet placement on the
tables
[11:45 am] joeytsa : baccarat
is best, craps pass/dont
pass 2nd best..unless you can get away
with card counting
[11:45 am]
joeytsa : on blackjack
[11:46 am]
joeytsa : roulette single 0 much better
than 00..but not many in town anymore, if
there are even any..used to be
though
[11:47 am] joeytsa : at least
with stocks, if trade goes bad..you can and
should bail
[11:47 am] joeytsa :
horses/bets..its either win or lose
100%
[11:47 am] aussie123 : Best bet
in the casino…the sports book…bet on a
ball game & it takes 3 hours to get
the results
[11:47 am] lisas : good
point. Never gambled myself, except at a
charity event
[11:47 am] joeytsa :
problem with sports…have to bet big just to
make any money
[11:48 am] mikewd2 -: NSM
would have been great short, but couldn’t get
shares.
[11:48 am] lisas : good
mike, I have it in my IRA!
[11:49 am]
aussie123 : your right…some of the
vig is out of sight
[11:49 am]
joeytsa : with stocks, yeah you have to
put up money, but you can limit your
risk
[11:50 am] joeytsa : ie
HPQ, risk $15k to make $200…you would
never do that in the casino
[11:50 am]
mikewd2 -: good point joey
[11:51 am]
joeytsa : in stocks, you can risk $15K
and with a stop loss at most you are out $10
in commisssions + any slippage
[11:51 am]
lisas : For day trades, overnight stops
don’t work
[11:52 am] lisas : Guess
that’s why some people use options, I need to
learn that
[11:52 am] joeytsa : very
true Lisa, thats why i dont risk my money
24/7
[11:52 am] joeytsa : i dont
leave my front door unlocked 24/7 so why
would i leave my money open
[11:53 am]
aussie123 : They used to have some
descent odds on parlays, etc. but they
whittle them down every year… &
against the line its practically
impossible
[11:53 am] joeytsa :
thats why i like horses..if i dont like the
odds, i dont play…same with stocks..if the
r/r isnt there, no trade
[11:54 am]
eddy : it scares me when i hear you
compare whaat we do to a casino
[11:54 am]
eddy : i did notthink of me gambling
doing this
[11:55 am] joeytsa : then
you need to change your thinking 🙂
[11:55
am] eddy : serioously joey?
[11:55
am] joeytsa : doesnt mean you cant
exploit it though
[11:55 am] Ed : the
approach is key
[11:55 am] lisas :
As long as you are using stops Eddy, managing
your risk, it’s different
[11:55 am]
eddy : well i neede a slight push to
quit…i guess you just provided it
joey
[11:55 am] joeytsa : exactly,
thats why i said you can control things with
stops
[11:56 am] joeytsa : at least
with stocks you can see if/when a trade is
worth the risk
[11:56 am] lisas :
Decide how much you are going to risk on any
given trade, have your profit potential be
better than your risk, either by bigger
winners, or higher percentage winners, then
you will make money.
[11:56 am]
joeytsa : in a casino the odds are
ALWAYS against you..except in
horseracing
[11:56 am] joeytsa :
exactly lisa
[11:57 am] mikewd2 -:
SRPT
[11:57 am] joeytsa : if you are
goign to allow yourself a 50cent stop loss,
you better be expecting a minimum $1
move
[11:58 am] elisha : won’t a gap
skip over a stop?
[11:58 am] lisas :
or win 70 percent of the time for
example
[11:58 am] mikewd2 -: CLB moving a
bit
[11:58 am] lisas : Yes
elisha
[11:58 am] joeytsa : lisa
knows her stuff
[11:58 am] lisas :
And test and record your trades/set ups. Only
way to have confidence
[11:58 am]
elisha : So even with a stop you can’t
be certain
[11:59 am] lisas : if you
hold overnight elisha
[11:59 am]
joeytsa : that wont happen too often
intraday though..unless you are on the wrong
side of an einhorn speech
[11:59 am]
lisas : There is a way to protect
positions with options elisha, I haven’t
learned that yet
[12:00 pm] lisas :
So if you are going to hold overnight
positions, you should position size
accordingly
[12:00 pm] joeytsa : ES
not veering to far away from the
1444
[12:00 pm] aussie123 :
Einhorn…how can one guy rattle the mkt. so
darn much?
[12:00 pm] elisha : i
remember someone once explaining a bull put
spread once, seemed to pretty much cover both
sides of the fence
[12:00 pm] mikewd2 -:
need an email from Einhorn before he
talks.
[12:01 pm] mikewd2 -: come to papa
SRPT
[12:01 pm] joeytsa : bull put
spread is ok for uptrending stocks, limited
profit
[12:02 pm] joeytsa : i did
them a lot back in 1999,2000
[12:02 pm]
elisha : why not now?
[12:02 pm]
lisas : I’m actually trying to watch a
TS video on options, keep getting distracted
here, lol
[12:02 pm] joeytsa :
mainly concentrating on daytrading
[12:03
pm] joeytsa : plus the markets to me
seem more violent than back then..or maybe i
was just more naive??
[12:03 pm]
elisha : i had a heck of a time
watching a ninja webinar @noon because you
guys kept distracting me!
[12:04 pm]
elisha : I think you are right,
remember the whipsaws of last
summer?
[12:04 pm] joeytsa : its a
lot of factors
[12:05 pm] aussie123
: Had a tough APRIL …thats when the Vxx
de-coupled
[12:05 pm] lisas : Bye
all, need to run errands.
[12:06 pm]
joeytsa : bye lisa
[12:06 pm]
elisha : bye lisas
[12:06 pm]
taco : mee too, good elarning
today
[12:06 pm] elisha : bye
taco
[12:06 pm] mikewd2 -: sold SRPT puts,
+0.40, in 3.4 out 3.80
[12:06 pm]
taco : cya
[12:06 pm] joeytsa
: nice mike
[12:07 pm] elisha : my
hat is off to you guys, you are all trading
machines
[12:07 pm] mikewd2 -: all about
pivots elisha.
[12:07 pm] mikewd2 -:
lol
[12:07 pm] joeytsa :
haha
[12:08 pm] elisha : those
pivots again !
[12:08 pm] joeytsa :
the very best traders in the world
consistently get their butts kicked, so dont
think about 100% accuracy
[12:09 pm]
elisha : learning to accept the
losses
[12:09 pm] aussie123 : I use
pivots from TOS…believe they use end of
day…any better ideas???
[12:10 pm]
joeytsa : those should be
fine
[12:10 pm] joeytsa : but a
“pivot” can be anything
[12:10 pm]
doji : Aussie, how do you like
TOS?
[12:11 pm] aussie123 : I like
it …however I have had a few times when it
lags the mkt
[12:12 pm] joeytsa : i
have heard that the TOS charts are
nice
[12:12 pm] doji : Yes, if you
compare the Dashboard lags the
charts
[12:12 pm] doji : The charts
are wonderful
[12:12 pm] doji : and
the active trading ladder also
[12:12 pm]
joeytsa : yeah, i saw some on youtube i
think
[12:13 pm] doji : the only
thing is the delayed quotes… lag most of
the times
[12:13 pm] mikewd2 -: YOKU
pushing towards 19.00 again
[12:14 pm]
aussie123 : Doji..it took this old man
a month of Sundays to (learn) this
platform…dont know if I could handle
another one(NINJA)
[12:14 pm] doji :
Watching NFLX….
[12:15 pm] doji :
Aussie I know the platform very well.. if you
have questions, just let me know
[12:15
pm] mikewd2 -: how’s TS working out for you
doji
[12:15 pm] aussie123 : Thank
you
[12:17 pm] doji : Don’t like it
so far Mike
[12:17 pm] doji : but I
keep moving forward
[12:17 pm] doji
: Hope I can you your setting in
Houston
[12:18 pm] joeytsa : i have
a few pros/cons with TS also..but just like
in life, there is no perfection
[12:19 pm]
Ed : hey mike who has best looking college
gals UT or A & M
[12:19 pm]
joeytsa : Florida haha
[12:20 pm] Ed
: what about between aggies and
longhorns
[12:20 pm] mikewd2 -: HPQ
load
[12:20 pm] joeytsa : need to
watch a few more games
[12:20 pm]
aussie123 : Not familiar with other
platforms…What I like about TOS is one stop
shopping…not ala.carte
[12:20 pm]
mikewd2 -: A&M for sure
[12:20 pm]
jolliffboy : Florida…not a chance..
Now Florida State is a different story. All
the good looking girl in Florida go to FSU in
Tallahassee.
[12:21 pm] Ed : joliff is now
my best friend
[12:21 pm] Ed : go
seminoles
[12:21 pm] joeytsa : FSU
used to be one of my favorite teams
[12:21
pm] mikewd2 -: ADY
[12:21 pm]
jolliffboy : I knew I always liked you
Ed. Go Noles’
[12:21 pm] gum : go
Noles
[12:21 pm] Ed : 🙂
[12:21 pm]
joeytsa : BIIB hod
[12:21 pm] Ed :
welcome aboard gum
[12:22 pm] mikewd2 -:
ADY, buyout offer 7.40
[12:22 pm]
joeytsa : favorite FSU grad = Ron
Simmons
[12:22 pm] Ed : class
act
[12:22 pm] mikewd2 -: HPQ nearing
15
[12:22 pm] murano : VRX
[12:23
pm] gum : FSU favorite=Dion
Sanders
[12:23 pm] joeytsa : MUR
spiking
[12:24 pm] Ed : corey simon, and
warrick dunn my 2 favs
[12:24 pm]
joeytsa : i like ron simmons because he
went to pro-wrestling
[12:24 pm]
joeytsa : first black world
champ
[12:24 pm] elisha : Ed, on
daily, for nflx, wouldthose last two windows,
first rising and then falling create a
bullish pattern? I can’t bring it to
mind – opposite of the floating island, i
think.
[12:25 pm] gum : Warrick Dunn
one of the Great Ones
[12:25 pm]
aussie123 : Who was the famous FSU
movie star/// he married the gal with the big
chest???
[12:25 pm] mikewd2 -: MUR
considering selling its canada natural gas
asets.
[12:25 pm] doji :
MUR
[12:26 pm] Ed : bullish if can hold
the window
[12:26 pm] elisha :
thanks for checking
[12:26 pm] Ed : thx
mike
[12:26 pm] gum : Burt
Reynolds
[12:26 pm] Ed : burt
[12:26
pm] jolliffboy : That was none other
than Burt Reynolds and Lonnie Anderson
aussie123..
[12:26 pm] aussie123 :
He had the lead role in the LONGEST YARD
???
[12:26 pm] murano : HPQ at
15.00
[12:27 pm] Ed : NFLX looks good on
15min chart
[12:27 pm] Ed : nice call doji
on NFLX
[12:27 pm] joeytsa : Ed:
NFLX daily= des triangle?
[12:27 pm]
aussie123 : Thanks guys…you made my
day
[12:28 pm] joeytsa : nice call
on NFLX breakout
[12:28 pm] Ed : yep,
quite a few things going for it
[12:28 pm]
mikewd2 -: HPQ below 15
[12:28 pm] Ed :
thats what u call all lining up
[12:29 pm]
joeytsa : love confirmation
[12:29
pm] jolliffboy : Murano, where does HPQ
hit bottom???
[12:31 pm] Ed : see if test
lows of 2002 and then 2001
[12:31 pm]
joeytsa : tighten MUR if long
[12:31
pm] Ed : on HPQ
[12:31 pm] eyes :
chingho still in it
[12:32 pm] mikewd2 -:
nice one on MUR, couldn’t pull the trigger on
long
[12:32 pm] joeytsa : caught it
early enough
[12:33 pm] Ed : i distracted
him with the college gal Q
[12:33 pm]
joeytsa : haha
[12:33 pm]
joeytsa : might get a delayed 2nd pop
on MUR
[12:34 pm] mikewd2 -: got in ADY
and its just stuck
[12:34 pm]
joeytsa : not holding my breath
though
[12:34 pm] murano :
jolliffboy, I have no idea how low HPQ will
drop.
[12:35 pm] jolliffboy : Thanks
murano.
[12:35 pm] joeytsa :
longterm, what does HPQ have to
offer?
[12:35 pm] Ed : old
technology
[12:35 pm] joeytsa :
haha
[12:35 pm] mikewd2 -: 5 years to turn
around said Whitman
[12:36 pm] Ed : unless
they reinvent like IBM did years
ago
[12:36 pm] joeytsa : i have 3
hpq’s here..the work decent though
[12:36
pm] joeytsa : they
[12:36 pm]
mikewd2 -: that’s what i have to day trade on
hp laptop
[12:36 pm] joeytsa : heres
that delayed pop on MUR 🙂
[12:36
pm] aussie123 : 5 years…and I dont
even buy green bannanas
[12:36 pm]
joeytsa : ha
[12:37 pm] doji :
Nice MUR long
[12:38 pm] mikewd2 -: MUR
S
[12:39 pm] joeytsa : only mistake
was making it 2 trades and not 1
[12:39
pm] mikewd2 -: shorted at 57.71, then my
etrade froze
[12:39 pm] doji : MUR
short
[12:39 pm] joeytsa : damn hpq
computers
[12:39 pm] mikewd2 -: i
know
[12:39 pm] mikewd2 -: aint the
computer everything else works.
[12:40 pm]
joeytsa : and that windmill-powered
internet you have
[12:40 pm] mikewd2 -:
damn etrade
[12:40 pm] doji : Anyone
swinging NFLX?
[12:40 pm] mikewd2 -: and
it takes 3 minutes to reload it
[12:41 pm]
skydiver : MUR sure is strong
[12:41
pm] doji : APPL back above
670
[12:41 pm] joeytsa : MUR 3rd leg
up..looks weaker
[12:41 pm] doji :
Better it’s because I am short
[12:41 pm]
joeytsa : neg div on %r
[12:41 pm]
mikewd2 -: still don’t have a stop in, etrade
almost up
[12:42 pm] doji : Maket
rallying at the close
[12:43 pm]
joeytsa : wonder how much/if any that
tonights debates affect the markets
tomorrow?
[12:43 pm] Ed : doji and I talke
about that this am
[12:44 pm]
joeytsa : i will check the chat
transcript when it gets emailed
[12:44 pm]
mikewd2 -: turn MUR
[12:45 pm]
joeytsa : if romney is smart and has
the “stones”…he would destroy 0bama
tonight
[12:45 pm] skydiver : S MUR
58.12
[12:45 pm] joeytsa : congrats
to anyone who had NFLX all day
[12:45 pm]
Ed : if healhth care is so great, why is pres
and congress exempt??
[12:45 pm]
skydiver : exactly Ed
[12:45 pm]
murano : HPQ has traded over 129
million shares today.
[12:46 pm]
joeytsa : if the economy is so great,
why the need for qe3?
[12:46 pm] mikewd2
-: obama complaining that Mitt has had time
to practice the debate and he has a
job.
[12:46 pm] joeytsa : MUR still
holding $58 as support
[12:46 pm]
skydiver : thnx joey on MUR
[12:47
pm] joeytsa : nice call on VRX
also
[12:47 pm] joeytsa : gave 3
nice little trades
[12:48 pm]
joeytsa : very nice
[12:49 pm] Ed :
will look for continuation 2morrow
[12:49
pm] Ed : doji called that one early
[12:49
pm] joeytsa : nice one doji
[12:50
pm] mikewd2 -: could be nice if MUR breaks
below 58
[12:50 pm] Ed : ur wish is
>>>>>&
gt;>
[12:50 pm] skydiver :
I’m with you Mike
[12:50 pm] doji :
Are you swinging NFLX Ed?
[12:50 pm]
skydiver : not much time left today
Mike —
[12:50 pm] mikewd2 -:
yeah,
[12:51 pm] Ed : no, will play it
again tomorrow
[12:51 pm] Ed : may have
some premarket action
[12:52 pm] Ed : i
noticed many times when NFLX gets going, it
has some good moves premarket also
[12:52
pm] Ed : like the following days
[12:52
pm] skydiver : covered MUR 58.12 –
57.91
[12:52 pm] joeytsa : definatly
one to keep on the radar
[12:53 pm]
joeytsa : would be great to see a
slight gap down tomorrow
[12:53 pm]
joeytsa : nice buy entry
[12:53 pm]
Ed : SRPT up almost 200% today
[12:54 pm]
joeytsa : what was the news on
SRPT?
[12:54 pm] Ed : back in dotcom ddays
was common
[12:54 pm] Ed : something about
good testing of drug
[12:54 pm]
joeytsa : no kidding, 2000 era was when
i learned how to play gaps
[12:54 pm]
mikewd2 -: yeah stocks would split and jump
10 points more the next day
[12:55 pm] Ed
: yep
[12:55 pm] joeytsa : they
didnt even have to split
[12:55 pm]
joeytsa : or have earnings
hahah
[12:55 pm] joeytsa : or an
office
[12:55 pm] Ed : and everyone could
pick a winner
[12:55 pm] Ed : barber,
trashman, bum, u name it
[12:55 pm]
mikewd2 -: come on MUR give up another 20
cents
[12:55 pm] joeytsa : CEO also
answered the phones 🙂
[12:56 pm] Ed :
yea
[12:56 pm] Ed : trading firms popped
up everywhere
[12:56 pm] joeytsa :
it was the perfect storm
[12:56 pm]
joeytsa : dotcom companies plus
millions of new traders with online accounts
with no clue what they were doing
[12:56
pm] joeytsa : just happy to be playing
the game
[12:57 pm] mikewd2 -: all out
ADY
[12:57 pm] joeytsa : market
makers made a killing..esp with the spreads
being 1/8ths and 1/4s etc
[12:57 pm] Ed :
ur right
[12:58 pm] Ed : they were taking
candy from all us babies
[12:58 pm]
joeytsa : thats how i did gaps on
NASD..they could gap up and have to open on
the bell
[12:58 pm] joeytsa : or
down
[12:58 pm] joeytsa : once all
the orders were filled, price had nowhere to
go but opposite
[12:58 pm] skydiver
: Mike are you going to swing MUR?
[12:59
pm] mikewd2 -: covered MUR -0.4
[12:59 pm]
Ed : yep, and Mitch was on other side of
trade
[12:59 pm] skydiver : good
🙂
[12:59 pm] mikewd2 -: no, not swinging
anymore
[12:59 pm] skydiver : Had me
worried for a bit 🙂
[12:59 pm]
joeytsa : that was a different
era..doesnt work as well as it used
to
[12:59 pm] mikewd2 -: all
flat
[12:59 pm] Ed : true
[01:00 pm]
skydiver : me too Mike — good day —
wished I was on for the SRPT – but . . more
days coming 🙂
[01:00 pm] eddy : bye
all
[01:00 pm] joeytsa : best gap
fades are the ones that make so sense at
all
[01:00 pm] skydiver : see you
all in the morning — 🙂
[01:01 pm]
joeytsa : have a great day
everyone
[01:03 pm] eyes : Good
Night Everyone
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