[06:23 am] Ed : good morning
[06:23 am] Brent : Good morning
[06:31 am] Ed : watching FAST for bottom
[06:33 am] Mitch K: watching FIO for top to
short
[06:33 am] Brent : watching NVLS for a
bounce
[06:33 am] Ed : watching APPL for bottom
[06:34 am] Mitch K: watching for short in
GOLD
[06:34 am] Brent : watching NFLX for a
bounce
[06:34 am] Mitch K: watching for short entry
on MCK
[06:34 am] Mitch K: watching GDP for top to
short, still early yet
[06:34 am] Mitch K: watching CYT for top to
short
[06:35 am] Mitch K: watching ILMN for bottom
to buy
[06:35 am] Mitch K: watching PII for top to
short
[06:35 am] Brent : watching GRPN for a
bounce
[06:36 am] Mitch K: watching IACI for top to
short
[06:37 am] Mitch K: watching CNC for short
[06:37 am] Mitch K: watching WCC for short
[06:37 am] Brent : watching HPQ for a
short
[06:37 am] Mitch K: watching UNT for top to
short
[06:37 am] Mitch K: watching XEC for short
[06:38 am] Mitch K: watching JAZZ for bottom
to buy
[06:38 am] Mitch K: BNNY soon
[06:38 am] Mitch K: watching BNNY for
short
[06:39 am] Mitch K: watching HPQ for short
[06:39 am] Mitch K: watching CNI for top to
short
[06:39 am] Mitch K: watching HXL for top to
short
[06:40 am] Mitch K: watching AGP for top to
short
[06:40 am] Mitch K: watching RIO for top to
short
[06:41 am] Mitch K: watching NVLS for small
short
[06:41 am] Mitch K: watching LYB for top to
short
[06:41 am] Mitch K: FIO should get toppy
soon
[06:42 am] Mitch K: watching GOLD closer for
top to short
[06:42 am] Brent : watching ILMN for a
bounce
[06:42 am] Mitch K: watchind GDP closer for
short
[06:42 am] Mitch K: watching SINA for top to
short
[06:43 am] Mitch K: sorry
[06:43 am] Mitch K: mck[06:43 am] Mitch K:
monitoring MNST for bottom, usually bouncy
stock
[06:44 am] Mitch K: watching CLF for top to
short
[06:44 am] Mitch K: watchign ZOLT for short,
more advanced, lower price
[06:44 am] Mitch K: watching WLK for top to
short
[06:44 am] Mitch K: watching WAB for short,
lot of downside potential
[06:45 am] Mitch K: watching DGX for bottom
to buy
[06:45 am] Brent : consider reducing HPQ
[06:45 am] Mitch K: watchign XEC to go below
69 on short
[06:46 am] Mitch K: watching SCHN for top to
short
[06:46 am] Mitch K: monitoring NCR for
short
[06:46 am] Brent : watchign EGO for a
short
[06:47 am] Mitch K: watching BBL for top
[06:47 am] Mitch K: watching CNC closer for
top
[06:47 am] Mitch K: watching ANN for top to
short
[06:47 am] Mitch K: watching SGY for top to
short
[06:48 am] Mitch K: AGP toppy
[06:48 am] Mitch K: monitoring PDCO for top,
low vol, wait longer
[06:48 am] Mitch K: looking for 39.50 area to
cover BNNY short
[06:50 am] Mitch K: CNI should go under 78
for your short
[06:50 am] Mitch K: watching SLW for top to
short
[06:51 am] Mitch K: watching LYB closer for
top
[06:51 am] Mitch K: looking for $33.50 area
to cover UBNT short
[06:52 am] Mitch K: watching X for top to
short
[06:52 am] Mitch K: watching ETN for top to
short
[06:52 am] Mitch K: watching CAM for top
[06:54 am] Mitch K: looking for 59.25 area on
DGX long; be flexible
[06:55 am] Mitch K: watching NOV for top to
short
[06:55 am] Mitch K: watching SM for short
[07:01 am] Mitch K: small one
[07:01 am] Mitch K: LVS turning over for s
hort[07:02 am] Mitch K: consider reducing
ILMN long
[07:08 am] Mitch K: BBL turning over
[07:08 am] Mitch K: watching MPEL for top to
short
[07:08 am] Mitch K: watching NAV for top to
short
[07:09 am] Mitch K: a lot of stocks toppy
[07:09 am] Mitch K: SLW turning over
[07:16 am] Brent : watching LH for a
bounce
[07:22 am] Brent : consider reducing LH
[07:28 am] Mitch K: watch SM for 2nd helping
short
[07:31 am] Mitch K: watching TSU for 2nd
helping short; missed first short
[08:05 am] Ed : SPY new hod[08:42 am] Ed :
TITN powering higher toda[08:49 am] Mitch K:
any of you guys using etrade platform? any
problems getting it to give live quotes early
in regular mkt session? i have problem every
single day
[09:01 am] Ed : SPY trading @ hod[09:01 am]
Ed : I will set an alert for SLB at 71, has
resistance 71.24
[09:03 am] Ed : TITN trading above prev,
resistance from waaay back 34.45
[09:38 am] Ed : rebooting my scanner
[09:42 am] Ed : SPY pushing hod[10:31 am] Ed
: Argentina want majority stake in YPF
[11:00 am] Brent : starting to watch SAP for
a bounce. Would like more downside first
[11:08 am] Mitch K: watching MIPS spike
[11:09 am] Mitch K: about 20 cents potential
which is about 3%
[11:09 am] Mitch K: advanced trade short
[11:54 am] Ed : SPY @ hod[12:50 pm] Mitch K:
already bounced though, thats what I like
looking for
[12:50 pm] Mitch K: not enough time left but
the MNST chart looks good,
[01:00 pm] Brent : have a good night, see you
in the morning
[01:00 pm] Ed : have an awesome evening
[01:01 pm] Mitch K: later guys
[01:06 pm] Mitch K: GOOG moving
|
[06:22 am] khall : Good morning traders!!
[06:22 am] doji : Good morning all!
[06:22 am] mikewd2 -: good morning
[06:22 am] lisas : good morning all!
[06:22 am] mikewd2 -: gm Brent
[06:22 am] eddy : good morning
[06:23 am] shark : hi everyone!
[06:23 am] eyes : Gm everyone
[06:23 am] skydiver : gm all — RDS.A – down
due to oil spill slick
[06:23 am] doji : Futures slightly
positive…no too many gaps today
[06:23 am] shailan : good morning
[06:23 am] eyes : GM ED Brent
[06:23 am] doji : Hi Ed, Brent
[06:23 am] skydiver : gm Brentg and Ed
[06:23 am] joeytsa : Good morning Brent,
Ed..all traders
[06:23 am] eddy : gm brent Ed and all
traders
[06:24 am] khall : gm brent, ed money
[06:24 am] jolliffboy : gm everybody. Lets
make some money today.
[06:24 am] joeytsa : a few gaps nothign
crazy…
[06:24 am] joeytsa : gap ups:
RIO,BHP,TSCO,WAB,REGN,GOLD
[06:25 am] joeytsa : watching ILMN, small
gap down
[06:25 am] khall : add mck to gap up
[06:25 am] doji : Thanks Joey… miners
gapping up
[06:25 am] joeytsa : earnings today :
GOOG,FAST,JBHT,LAYN,LDK,RAD
[06:25 am] khall : also BCS gap up
[06:26 am] joeytsa : ES overnight triple top
@ 1372, support @ 1364
[06:26 am] joeytsa : thx khall[06:26 am]
khall : 😉
[06:26 am] skydiver : thnx joey and
khall[06:27 am] joeytsa : bulls need
1370-1375 to break for end of this
pullback…
[06:27 am] joeytsa : if we lose support,
next level is around 1345
[06:27 am] doji : LNKD up
[06:27 am] qwert : good morning to everybody
:))
[06:28 am] skydiver : RDS.A jumped up
already
[06:28 am] shark : upgrade at Morgan on
LNKD
[06:28 am] khall : thnx shark
[06:28 am] joeytsa : thx shark..LNKD playing
around $100
[06:28 am] joeytsa : BBBY was upgraded
also
[06:29 am] shark : 115 price target
[06:29 am] joeytsa : unemplyment claims
disappointed
[06:29 am] doji : Time to Rock!
[06:29 am] joeytsa : keep GOOG up all day
🙂
[06:29 am] mikewd2 -: watching HUSA again
today
[06:29 am] mikewd2 -: low price
[06:30 am] skydiver : L RDS.A 65.53
[06:30 am] joeytsa : TSCO pulling back 🙂
[06:30 am] skydiver : out 3/4 RDS.A 67.02
[06:30 am] doji : GOLD moving
[06:31 am] skydiver : all out of RDS.A L
[06:31 am] mikewd2 -: BVSN breaking out
[06:31 am] tristangibbs : CE jumping up
[06:31 am] doji : NFLX S
[06:31 am] shark : CF pop
[06:32 am] shark : PCLN drop
[06:32 am] skydiver : wagtching WAB
[06:32 am] joeytsa : NFLX pulling back to
$100
[06:33 am] joeytsa : me too sky
[06:33 am] skydiver : 🙂
[06:34 am] amma : gm all :o)
[06:34 am] joeytsa : hey amma[06:34 am]
skydiver : spread on WAB is a bit more than
I like
[06:34 am] doji : Die NFLX die
[06:34 am] joeytsa : GS moving up
[06:34 am] shark : lol[06:34 am] joeytsa :
HAHA
[06:34 am] joeytsa : thats a laugh not a
stock
[06:34 am] joeytsa : hit the cap lock
button
[06:35 am] shark : 🙂
[06:35 am] doji : GDP at 200MA
[06:35 am] joeytsa : AMZN into support
[06:36 am] joeytsa : be careful with
WAB..slow mover right now
[06:36 am] joeytsa : BIDU into support might
try to bounce
[06:37 am] skydiver : LNKD running up
[06:38 am] doji : GDP consolidating below
200 MA
[06:38 am] joeytsa : TSCO nice up/down
move
[06:38 am] mikewd2 -: Forum energy IPO today,
not sure of ticker
[06:39 am] joeytsa : SINA testing prev hi
[06:40 am] joeytsa : great call on LNKD
🙂
[06:40 am] skydiver : IPO – MRC
[06:41 am] skydiver : SINA – moving up
[06:42 am] joeytsa : out SINA
[06:42 am] shark : watching ILMN
[06:43 am] joeytsa : AAPL above prev cl
[06:44 am] joeytsa : WAB trading at a snails
pace looking @ t/s
[06:45 am] joeytsa : BIDU testing prev hi
area
[06:46 am] joeytsa : SOHU spike
[06:46 am] joeytsa : NFLX nice move
[06:47 am] shark : yeah
[06:47 am] doji : &^%% NFLX killed
me
[06:47 am] shark : PII consolidating
[06:47 am] joeytsa : oh no doji[06:47 am]
shark : atop R3
[06:47 am] joeytsa : see how far some of
these pullback
[06:47 am] doji : SPY just too strong
[06:48 am] shark : yeah doji[06:48 am]
joeytsa : right now it is, thats why im
looking for smaller pullbacks for better
entry
[06:48 am] joeytsa : but be ready to switch
just in case
[06:49 am] mikewd2 -: FET is the new IPO for
today
[06:49 am] joeytsa : missed teh CAT
run..will eye it
[06:50 am] doji : Not my day today….
[06:50 am] skydiver : all out of JOY L
[06:50 am] khall : sorry doji[06:50 am]
joeytsa : nat gas # at 7:30pst
[06:50 am] shark : watching PII
[06:50 am] joeytsa : nice sky..saw it
moving, let it go
[06:51 am] joeytsa : NFLX pulling back
[06:51 am] shark : see if NFLX holds
PIVOT
[06:51 am] joeytsa : yeah, if not it falls
to $100?
[06:52 am] joeytsa : LNKD still looking good
on that pullback
[06:52 am] shark : LNKD may have a pocket
pivot vol today, joey
[06:52 am] shark : very strong out of the
gate
[06:52 am] shark : wating for PII to make a
break up/down
[06:53 am] joeytsa : and holding this
support of pivot,5/15ma
[06:53 am] shark : 😉
[06:53 am] doji : FSLR
[06:54 am] shark : CF atop R3
[06:54 am] joeytsa : tight stop on CLF if
long
[06:54 am] joeytsa : lots of stocks with
same action
[06:54 am] joeytsa : AMZN ready to test
190
[06:55 am] shark : PII breaking up for
now
[06:56 am] joeytsa : lots of charts look
like that today shark
[06:56 am] doji : Rio too scrong…
[06:56 am] doji : Anyone in GDP?
[06:56 am] doji : Getting tired
[06:57 am] joeytsa : not me
[06:57 am] shark : hmmm
[06:57 am] joeytsa : LNKD making a dbl top,
see if it punches thru
[06:57 am] shark : good observe, joey
[06:57 am] joeytsa : same with BIDU
[06:58 am] shark : SPY at R2 res
[06:58 am] joeytsa : AMZN didnt want 190
yet
[06:58 am] doji : Oil stocks moving with oil
price today
[06:59 am] joeytsa : slight pullback here,
see if things hold
[07:00 am] skydiver : covering CRM S
[07:00 am] doji : Moodys change oil industry
from Stable to Positive
[07:00 am] doji : That the reason
[07:00 am] shark : PCLN toppy
[07:02 am] doji : RIo over 5.2%
[07:02 am] joeytsa : SLB having a nice one
too doji[07:02 am] doji : accelerating to
the upside
[07:03 am] doji : YEs, but I am not on it…
unfortunately
[07:03 am] khall : rio on a crazy run
[07:03 am] doji : I tried to short Rio on
the previuos pull back but didn;t work
[07:04 am] joeytsa : AMZN trying again
[07:04 am] shark : LNKD holding R2
[07:04 am] joeytsa : ES trying to hold 1372
support
[07:05 am] doji : Only seeing shallow
pullbacks… and that what killed me
[07:05 am] joeytsa : doji: careful shorting
those pullbacks when they are strong,
especially on even vol[07:06 am] joeytsa :
out AMZN for now
[07:07 am] doji : Yes Joey, I did two
mistakes trying to short them but not
anymore. That is why I said the mrket is
trendy today
[07:07 am] joeytsa : trendy is good 🙂
[07:08 am] khall : one of my monitors went
black – very incovenient[07:08 am] doji : If
you are on the right side
[07:08 am] skydiver : CRM dropped nicely
again 🙂
[07:08 am] joeytsa : what i meant was, when
volume is smooth, its harder to fade
[07:08 am] doji : No more shorts for me
[07:08 am] doji : today
[07:08 am] joeytsa : thx sky, missed it
[07:09 am] skydiver : covered CRM S
[07:09 am] joeytsa : AAPL into prev cl
support
[07:10 am] joeytsa : agreed Mitch
[07:10 am] joeytsa : ES held 1372, big area
to watch now
[07:10 am] mikewd2 -: out FST 11.25 to
11.55
[07:10 am] shark : CMG
[07:11 am] shark : R2 res area
[07:11 am] joeytsa : CMG is a monster
[07:11 am] shark : 🙂
[07:11 am] mikewd2 -: short it joey
[07:11 am] mikewd2 -: show it whos boss
[07:12 am] joeytsa : ok mike, let me borrow
a few million from you
[07:12 am] skydiver : I’ll take 2 as well
mike 🙂
[07:12 am] mikewd2 -: the pivots are working
nicely today joey thanks alot[07:12 am] shark
: you can thank the inventor, Mr. Pivot
too
[07:13 am] doji : RIO
[07:13 am] joeytsa : just remember, they
arent the holy grail
[07:13 am] joeytsa : just a tool
[07:13 am] mikewd2 -: yep, but a tool i’ve
been missing
[07:13 am] shark : SPY pushing thru R2
[07:13 am] joeytsa : tighten stop on TSCO if
long
[07:14 am] doji : MOS strong today
[07:14 am] joeytsa : SLB dbl top on neg
div
[07:14 am] joeytsa : not a trade yet
[07:15 am] mikewd2 -: wow – joey trading oil
services!
[07:15 am] shark : BIDU LNKD both pushed
thru dbl top
[07:15 am] doji : Have a look at NOV… I’d
like close to 80
[07:15 am] shark : at R2 R3 res,
respectively
[07:16 am] joeytsa : yeah shark, funny
mike
[07:16 am] joeytsa : not trading just
watching haha[07:16 am] doji : I should have
done that Joey… hahaha[07:16 am] doji :
now sitting in red…. will have to claw back
my losses
[07:17 am] joeytsa : doji: dont be too hard
on yourself
[07:17 am] joeytsa : every trade is a guess,
set your stops so you dont get crushed
[07:17 am] skydiver : PII turning over
[07:18 am] joeytsa : yeah sky, needs to hold
here
[07:18 am] skydiver : agreed
[07:19 am] joeytsa : all out TSCO
[07:19 am] skydiver : watching SINA
[07:20 am] joeytsa : the ES has to lose 1372
for me to get short happy
[07:20 am] skydiver : yes – so far I’ve been
thankful for not shorting very much — would
be in the red big time if I had
[07:21 am] joeytsa : some good shorts today
though
[07:21 am] skydiver : yes – missed those 🙂
– but CRM was nice to me today
[07:22 am] joeytsa : if market turns over,
some great ones will pop up
[07:22 am] joeytsa : SLB pulling back to
support area,,actually became a nice short
[07:23 am] mikewd2 -: yeah i watched it nice
call joey
[07:23 am] joeytsa : plus indis bottoming
[07:23 am] mikewd2 -: u show 68.92 as
support?
[07:23 am] joeytsa : support right here
[07:23 am] joeytsa : 69.24
[07:24 am] joeytsa : not calling it a buy
yet
[07:24 am] mikewd2 -: so i guess our pivots
are different
[07:24 am] joeytsa : AMZN coiling under
$190, see which way it breaks
[07:25 am] mikewd2 -: its at 50ma
[07:25 am] joeytsa : little bit different
[07:29 am] joeytsa : BIDU another strong up
move
[07:29 am] eddy : joyey ?what is this pivot
tool?
[07:29 am] eddy : x
[07:30 am] joeytsa : LNKD forming triangle
on 1min
[07:30 am] eddy : sory wrong window forget
x
[07:30 am] eddy : x
[07:30 am] joeytsa : shoot me your email
eddy
[07:30 am] eddy : [email protected]
[07:31 am] joeytsa : nat gas : up 8BCP
[07:31 am] mikewd2 -: smaller than expected
ng inventories up 8bcf
[07:31 am] joeytsa : got it eddy
[07:31 am] joeytsa : yeah mike, they were
looking for 22B
[07:31 am] joeytsa : last one was 42B
[07:32 am] mikewd2 -: they continue to cap
wells it will keep heading south
[07:33 am] joeytsa : ES into hod area
[07:34 am] joeytsa : mike, did you long
SLB?
[07:34 am] joeytsa : trail AMZN up, hope you
got it
[07:34 am] mikewd2 -: no didn’t hit my pivot
point
[07:35 am] joeytsa : hod on market
[07:35 am] joeytsa : all out AMZN
[07:35 am] joeytsa : hitting prev hi res
[07:35 am] mikewd2 -: FST hod[07:36 am]
joeytsa : AMZN $1.60 in 3 minutes 🙂
[07:37 am] joeytsa : might have another $2
up if it hold here
[07:37 am] eddy : FAST
[07:37 am] skydiver : nice joey!
[07:37 am] joeytsa : SLB into triple top
area
[07:37 am] joeytsa : thx eddy, they have
earnings today
[07:38 am] joeytsa : thx sky
[07:38 am] joeytsa : now i can buy you a new
computer haha[07:38 am] joeytsa : but i wont
🙂
[07:38 am] skydiver : 🙂
[07:38 am] skydiver : had my hopes up for
one second 🙂
[07:39 am] skydiver : SM toppy?
[07:39 am] doji : Back from a call… look
at SLB… missed the short and the
long….
[07:40 am] skydiver : FAST looks
intersting[07:41 am] eddy : long fast
[07:42 am] joeytsa : FAST 1q profit up 26%,
but eps was below consensus..sales rose
20%
[07:42 am] skydiver : thnx joey on FAST
info
[07:44 am] skydiver : SWY – take over
chatter
[07:46 am] joeytsa : SLB res @ 69.80 area,
still looks strong though
[07:47 am] qwert : watching pcp[07:47 am]
mikewd2 -: compare SLB to other oil services
– all strong today
[07:47 am] joeytsa : nice one qwert[07:47
am] skydiver : thnx qwert – yes nice one
[07:47 am] joeytsa : yeah mike
[07:48 am] skydiver : all out of SM S
[07:48 am] joeytsa : shark: hope you are
crushing LNKD
[07:49 am] joeytsa : good sky, i let that
go
[07:49 am] skydiver : I almost let it go —
but . . just had to do it 🙂
[07:49 am] doji : No way to short oil
stocks… I got killed so I’ll step side…
reached my maximum loss quota for the day
[07:50 am] mikewd2 -: sorry to hear
doji[07:50 am] skydiver : good to stick to
your rules doji – and sorry to hear this
too
[07:50 am] joeytsa : AMZN 1min flag
[07:50 am] doji : Don’t worry… my maximum
losses per day is only $200…
[07:50 am] joeytsa : BIDU hod[07:50 am]
mikewd2 -: NFLX bounced off R4
[07:51 am] skydiver : SWY – still climbing
from buy out rumor
[07:51 am] joeytsa : SINA triple top area
[07:51 am] doji : Looka at SWY
[07:52 am] joeytsa : great morning guys,
ssee you in 20
[07:52 am] skydiver : take care joey
[07:52 am] skydiver : must be a strong buy
out rumor on SWY
[07:54 am] doji : Mitch has SWY on the
DSR
[07:55 am] eddy : all out fast
[07:55 am] mhaus : BBY takeover chatter
[08:01 am] skydiver : watching BBY and SWY
to short – both strong so far
[08:04 am] skydiver : I’m short SWY 20.93
[08:06 am] skydiver : all out of SWY S –
BE
[08:07 am] skydiver : try again – SWY S
20.89
[08:08 am] skydiver : out 1/2 S SWY
[08:08 am] skydiver : move stop down to
20.89
[08:09 am] skydiver : all out of SWY
20.79
[08:10 am] skydiver : well my time is up —
ended up in positive today 🙂 see you all
tomorrwo morning
[08:11 am] qwert : cya sky
[08:11 am] skydiver : 🙂
[08:11 am] khall : great sky – have a good
evening
[08:12 am] eddy : bye sky
[08:15 am] doji : ILMN
[08:25 am] eddy : all out long ilmn[08:29
am] joeytsa : eddy, sent you an email
[08:30 am] eddy : thx just got it
[08:30 am] mikewd2 -: WFC #2 being
evacuated
[08:30 am] joeytsa : 🙂
[08:31 am] joeytsa : fire mike?
[08:31 am] mikewd2 -: no reason they said
[08:31 am] joeytsa : oh ok
[08:31 am] qwert : what is wfc #2
[08:31 am] mikewd2 -: world financial
center
[08:31 am] mikewd2 -: there’s two buildings i
think
[08:31 am] joeytsa : wisconson fried chicken
🙂
[08:31 am] qwert : okay thx
[08:31 am] doji : Wow, LNKD is a monster
today!
[08:31 am] qwert : hahaha[08:32 am] mikewd2
-: speaking of fried chicken – where’s
rusty?
[08:32 am] joeytsa : no clue
[08:33 am] doji : In the retirement house
[08:34 am] joeytsa : fess up doji: you hired
him as personal chef
[08:34 am] joeytsa : TSCO pulling back..nice
run today
[08:41 am] eddy : thx joey pivot installed
on my charts
[08:41 am] eddy : very helpful
[08:41 am] mikewd2 -: suspicious package
invested on WFC #2
[08:42 am] joeytsa : dont rely exclusively
on it eddy
[08:43 am] joeytsa : trends, ma’s indis
still are good
[08:43 am] Ed : no holy grail??
[08:43 am] joeytsa : no holy grail
[08:43 am] joeytsa : haha[08:43 am] eddy :
sure but it solves a bit of my issues with
res and support
[08:43 am] joeytsa : i see traders
constantly trying to find perfection…none
in this biz
[08:44 am] joeytsa : again it wont
solve..but will at least give you something
to look at
[08:44 am] joeytsa : google 38 steps to
becoming a trader
[08:45 am] joeytsa : we all do this
[08:45 am] eddy : will do
[08:45 am] joeytsa : trader will use a 10ma,
have success, then losses…
[08:45 am] joeytsa : so they switch to the
5ma..etc etc[08:47 am] mhaus : TITN moving
again
[08:47 am] mikewd2 -: FST having nice day
[08:50 am] Mitch K: anyone have a fix for
that etrade problem?
[08:51 am] mikewd2 -: haven’t noticed an
issue Mitch
[08:51 am] Mitch K: k thanks mikey[08:57 am]
joeytsa : Mitch, which etrade do you have
again?
[08:57 am] doji : SLB
[09:01 am] joeytsa : Mitch: not sure if you
did this, but did you sign the real time
quote agreement”
[09:04 am] eddy : Ed would you buy SLB long
here?
[09:04 am] joeytsa : TITN a repeat player
from yesterday
[09:04 am] eddy : or wait for a short
oppportuinity?
[09:04 am] Ed : no trade in it for me here no
edge
[09:05 am] Ed : u always ask, what is my edge
in taking xyz stock here?
[09:05 am] joeytsa : watching TSCO here
[09:05 am] doji : SLB broke 70 with volume.
Let’s see if it holds
[09:06 am] doji : 3% up today….wow
[09:06 am] Ed : ur favorite next to pbr[09:07
am] joeytsa : doji’s fav stock is anyone he
cashes in on 🙂
[09:07 am] joeytsa : AMZN testign $190
[09:07 am] Ed : guess so, love em, leave
em???
[09:07 am] joeytsa : great moves today
[09:07 am] joeytsa : yep
[09:12 am] eddy : k joey u have givin me
valuable tips. read the 38 rules …so
true…:)
[09:13 am] eddy : im humbly still in in the
early stages
[09:13 am] joeytsa : some days me too
haha[09:14 am] joeytsa : quick break
[09:16 am] eddy : good advise on SLB Ed
thx
[09:20 am] doji : Did ED call for SLB?
[09:21 am] Ed : called a no trade @ 12:05
est[09:22 am] Ed : sit on the hands
[09:22 am] eddy : gd advise on no trade on
slb[09:22 am] doji : 12:05 was too late; the
trade was at 11:35 when it started to move
up…
[09:23 am] Ed : we know
[09:24 am] Ed : question was asked @ 12:04 so
gave a response
[09:26 am] doji : Oh I see that, It was the
other Eddy who asked…
[09:26 am] doji : That is why we love you ED
Mosnter Calls
[09:27 am] qwert : watching MBI
[09:27 am] Ed : they are 3, Ed, Eddi, and
Eddy
[09:30 am] eddy : hahahaha[09:31 am] eddy :
like the 3 cartoon characters ed ed and
eddy
[09:31 am] Ed : lol[09:41 am] Brent : I’m
Larry, this is my brother Ed and my other
brother Ed
[09:41 am] Ed : lol[09:41 am] qwert :
haha[09:41 am] Ed : and Ed is the oldest
[09:41 am] mikewd2 -: and the youngest
[09:42 am] Ed : Larry, ur not keeping up
[09:42 am] doji : ILMN is a dog
[09:43 am] doji : Market is now again in
rally mode….everyone who missed the
previous mive muts be jumping right now…
[09:43 am] doji : move
[09:43 am] doji : The herd
[09:43 am] mikewd2 -: ILMN buyout of $51 is
pretty firm, Rocha said will not offer
more
[09:44 am] mikewd2 -: actually Roche
[09:48 am] doji : Anyone betting in GOOG
today?
[09:48 am] mikewd2 -: i don’t bet, i invest –
haha[09:48 am] mikewd2 -: think that’s a joey
quote
[09:49 am] doji : Well, just relying on a
STOCKS assuming it will beat earnings shoudl
be close to “bet” unless obviously you have
internal info
[09:50 am] mikewd2 -: i finally wised up and
not betting on stocks at earnings.
[09:51 am] mikewd2 -: except maybe the oil
services
[09:51 am] qwert : i learned that lesson the
hardway[09:51 am] mikewd2 -: me too
[09:52 am] mikewd2 -: FST, WFT doing well
today
[09:52 am] qwert : bought rimm ahead of
earnings couple years ago 🙁
[09:52 am] shark : FIO got a contract with
CSCO, nice move up today
[09:52 am] mikewd2 -: DANG hod[10:01 am] mh
: joey or anyone if a stock moves in one
directon for a period of time on average
volume do you watch to follow or fade or wait
for volume and fade?
[10:02 am] Ed : gives u better edge to fade
if u wait for vol. to come in
[10:03 am] Ed : without vol. and u fade, vol.
can come from no where and push stock even
higher
[10:04 am] Ed : also, if stock moves in one
direction for period of time say al morning
slow trend, better to look for another trade.
Ur probability on fading a trender is very
low
[10:05 am] mh : thx ed[10:05 am] Ed : hope
that helps
[10:08 am] joeytsa : just got back, agree
with Ed’s words
[10:09 am] Brent : right, just because it has
gone up “a lot” doesn’t mean it can’t go up
“a lot” more.
[10:09 am] joeytsa : yep, and volume can
still throw you off haha[10:10 am] Ed : ECL
great example
[10:11 am] Ed : actually quite a few today
[10:11 am] joeytsa : right Ed, best fades to
me are the blowout/parabolic moves..Mitch’s
specialty 🙂
[10:12 am] Ed : i agwee[10:12 am] joeytsa :
haha[10:12 am] joeytsa : just because a
stock pulls back, doesnt always quality it
asa short
[10:15 am] doji : so in summary, too many
“bacause’s”… you figure it out
[10:15 am] joeytsa : 🙂
[10:16 am] doji : Trading is an art and
requires artists…. a goo artist, not a
cheap one
[10:16 am] mh : seems hi vol higher odds
[10:16 am] joeytsa : BIDU hod[10:18 am] eddy
: amazing what the recommened swings in th
dsr of today achieved
[10:18 am] eddy : 3 to 4 % average
[10:19 am] mikewd2 -: that’s why we pay Mitch
the big bucks
[10:20 am] eddy : hehehe[10:21 am] joeytsa
: 🙂
[10:22 am] doji : Any of his picks should
have worked fine today
[10:23 am] joeytsa : AAPL testing prev low,
failed at prev cl
[10:23 am] joeytsa : SLB into $70, support
area on the daily
[10:26 am] doji : YEs Joey
[10:27 am] mikewd2 -: AAPL at support
[10:28 am] joeytsa : good news in China is
helping today also
[10:29 am] joeytsa : $1 pullback in AMZN pst
20min
[10:29 am] joeytsa : past 20 minutes
[10:31 am] eyes : YPF big drop
[10:31 am] joeytsa : good catch eyes
[10:35 am] eyes : I missed my entry o
well
[10:35 am] joeytsa : still a good call
[10:36 am] eyes : ty[10:37 am] eddy : how
could we have possibly know the entry level
on YPF?
[10:37 am] Ed : nice one eyes
[10:37 am] joeytsa : shot all the way
back
[10:37 am] qwert : wow ypf[10:38 am] eyes :
nice previous low bounced
[10:40 am] joeytsa : crude selling off
[10:40 am] joeytsa : AMZN fighting at
vwap[10:41 am] doji : In a dilema with
SLB….
[10:41 am] joeytsa : whats up doji[10:42 am]
joeytsa : you try to buy the company to
compet with mike 🙂
[10:42 am] doji : I closed my position in
SLB and unsure if this is only a slight
pullback before moving higher
[10:43 am] doji : Look at YPF
[10:43 am] joeytsa : were you long or short
SLB?
[10:45 am] doji : Long from 69.51 and close
it at 70.26
[10:45 am] joeytsa : so waht was the
dilemma?
[10:46 am] doji : To take it long again…
if it breaks 70 with volume again
[10:46 am] joeytsa : or look for something
more definable
[10:47 am] doji : Yes, good advise
[10:47 am] joeytsa : SLB is in no-mans land,
find one on the outskirts or town 🙂
[10:47 am] joeytsa : of town not or town
[10:48 am] doji : Got it… I was just
trying to squeeze as much as I could from
SLB… I’ll levea it to Mike
[10:49 am] joeytsa : it may offer a trade,
but let it show itself
[10:49 am] doji : I am all ears Joey…
[10:50 am] joeytsa : to me, SLB has same
upside/downside potential right now..not
worth it to me
[10:51 am] joeytsa : AAPL lod[11:03 am]
mhaus : MIPS alert
[11:03 am] mhaus : MIPS up 20%
[11:04 am] mikewd2 -: MIPS Technologies said
to hire Goldman in search of buyer, Bloomberg
reports
[11:09 am] mikewd2 -: MIPS S 6.30 covered
6.10
[11:09 am] mikewd2 -: that’s what i got
Mitch
[11:10 am] mikewd2 -: you’ve taught me
well
[11:23 am] doji : We knoe Mike, we know
[11:24 am] eddy : wow
[11:24 am] doji : Did you take it long
Mike?
[11:24 am] eddy : got hammered by SAP
[11:24 am] mikewd2 -: no, just the short
[11:24 am] eddy : ouf[11:24 am] eddy : im
done for the nite[11:24 am] eddy : reached
my loss target
[11:24 am] eddy : ill watch now
[11:27 am] eddy : Ed u busy?
[11:27 am] Ed : Im here
[11:27 am] eddy : did u think we should not
have traded SAP?
[11:28 am] eddy : but rather wait?
[11:28 am] chinhngo : cmg and crm hod[11:28
am] doji : NFLX flying
[11:29 am] Ed : It offered a nice bounce on
long
[11:30 am] Ed : like .5%
[11:31 am] eddy : ya but way too fast
[11:31 am] eddy : got in twice
[11:31 am] eddy : got stopped twice
[11:31 am] Ed : that type of trade is
advanced, timing is critical
[11:31 am] Brent : what trading platform are
you using eddy?
[11:31 am] eddy : schabs[11:31 am] eddy :
streetsmart edge
[11:33 am] Brent : not a fast enough day
trading platform in my opinion eddy. SAP
gave a quick bounce off yesterday’s low but
requires a nimble platform
[11:33 am] eddy : hmmmm[11:33 am] eddy : by
the time i place the order get a fill
[11:33 am] joeytsa : out SAP, not my
greatest trade
[11:33 am] eddy : i get in way to high
[11:34 am] joeytsa : forced it, late..total
crap haha[11:34 am] eddy : ya[11:34 am]
Brent : probably means the order entry
process isn’t efficient. Are you using
market or limit orders?
[11:34 am] eddy : usually limit
[11:34 am] eddy : but given the speed of the
spike i went market
[11:34 am] joeytsa : i saw the call
late…took it on the dbl bottom with pos
div
[11:35 am] eddy : placed a non tight stop
cos i saw it fluctuating
[11:35 am] joeytsa : i took it, tired of not
trading 🙂
[11:35 am] eddy : i placed my stop beloe
lod[11:35 am] eddy : twice
[11:35 am] eddy : not sure if shud have done
it differently
[11:36 am] Brent : one second Eddy, I have a
little advice on that
[11:36 am] eddy : k
[11:37 am] Brent : ok
[11:37 am] pow : mitck K is aapl at good
short trerm support
[11:38 am] Brent : I never recommend using
market orders. Ever. I only use market
orders for my stops. But…. If you are going
to use a market order, make sure there is
enough potential profit in the trade after
you’ve gotten the “guaranteed” bad fill.
[11:38 am] Brent : I’ll show you what I mean
in this SAP trade
[11:39 am] Brent : look at SAP where it broke
support at $66.40
[11:39 am] Brent : then dropped to $65.50
[11:39 am] eyes : Brent hoew do you place
your orders on ninja
[11:40 am] Brent : one sec Eyes
[11:40 am] Brent : when I see that drop, I
figure the “profit potential” in my head
based off those two numbers. I figure
roughly a 50% retracement
[11:41 am] doji : NExt support after 66.40
was 66.26 Brent
[11:41 am] joeytsa : NFLX pulling back to
prev hi
[11:41 am] Brent : so $66.40-$66.50 = $0.90
/2 so roughly $0.45 potential
[11:41 am] Brent : not a lot on a $66 stock.
Less than 1%
[11:41 am] Brent : so your entry has to be
precise if you trade it
[11:42 am] Brent : and you have to take quick
profit and move your stop up
[11:42 am] eddy : i see
[11:42 am] eyes : Normally on the chart
trader bid ask
[11:42 am] eddy : ok thanx[11:43 am] Brent :
On stocks that have gone further and have
more potential. You can sometimes get away
with a market order (although it’s not
ideal). But these quick ones, you usually
can’t.
[11:43 am] Brent : does that make sense?
[11:43 am] joeytsa : good lesson Brent,
thx
[11:43 am] eddy : yes yes[11:43 am] eddy :
i never looked at it this way
[11:43 am] eddy : damn i really need to
improve
[11:43 am] eddy : ok thanx a lot
[11:43 am] eddy : good lesson
[11:43 am] eddy : noted
[11:44 am] Brent : I buy at the bid/sell at
the ask Eyes. I use the DOM then manage on
the chart
[11:44 am] joeytsa : Brent: do you ever go
limit on exit?
[11:44 am] joeytsa : put in a sell stop for
example
[11:45 am] eyes : So you use dome not chart
trader
[11:45 am] Brent : you mean on a long
position Joey?
[11:45 am] Brent : I use both eyes
[11:45 am] joeytsa : sorry, yes
[11:45 am] eyes : but not the order screen
on chart
[11:46 am] Brent : when I enter, I will put a
Sell Stop in for stop loss. Then I’ll
usually put a couple sell limits at different
targets. I do that in case it spikes
[11:46 am] joeytsa : gotya thanks
[11:47 am] eddy : how do you determine your
sell stop when you enter a position?
[11:47 am] Brent : and then I keep my last
piece however long it wants to keep me in the
trade
[11:48 am] Brent : under/over previous
support/resistance usually eddy. This is
usually the low of day or high of day on
reversals
[11:48 am] eyes : So do you have set atm
stratigie[11:48 am] joeytsa : makes sense
Brent..i dont usually leg out
[11:49 am] Brent : depends on the trade
eyes.
[11:49 am] Brent : Sometimes I will use the
chart trader buttons
[11:49 am] Brent : the DOM is easier to get
filled
[11:49 am] joeytsa : nice move on GOOG
[11:50 am] Brent : so it depends on how
precise I want to be, or if I just want in
[11:50 am] Brent : I don’t use ATM
strategies
[11:51 am] Brent : Once I’m in the trade, I
typically will put my stop and targets with
the DOM
[11:51 am] Brent : then move them around with
chart trader if I need to
[11:51 am] eyes : how do you break up your
position without a atm[11:52 am] Brent : just
by changing the qty on the DOM or the chart
trader
[11:53 am] Brent : before I put in the
order
[11:53 am] Brent : is that what you mean?
[11:54 am] eyes : what key do u use to place
a stop on Dome
[11:55 am] Brent : the scroll wheel on my
mouse
[11:55 am] Brent : it’s also a button on my
mouse
[11:55 am] Brent : maybe it is with all, but
not sure
[11:57 am] eyes : Ok that is better if i was
long and wanted to place a stop it would just
sell
[11:57 am] Brent : right
[11:57 am] Brent : left click places limit
order
[11:57 am] Brent : scroll wheel/middle mouse
button places stop
[11:59 am] joeytsa : some nice upmoves :
GS,LNKD,CMG,BIDU,GOOG
[12:00 pm] doji : Did you trade all of them
Joey?
[12:01 pm] joeytsa : i wish haha, just
glancing at the charts i have up
[12:01 pm] jsn13 : the middle mouse button
places a sell stop limit order…how do we
put a sell stop order on the DOM?
[12:02 pm] doji : With all these news from
Europe, I have been just very
conservative…. not getting profits is
better than lossing money…
[12:02 pm] doji : at least for me
[12:02 pm] Brent : On mine it is a stop
market jsn[12:03 pm] Brent : right click on
your DOM
[12:03 pm] Brent : go to properties
[12:03 pm] Brent : at the bottom “Use stop
market for stop loss orders” should be
True
[12:04 pm] jsn13 : ok thanks
[12:07 pm] eddy : Brent Ed Mitch thank you
for everything…joey too
[12:07 pm] joeytsa : GOOG consensus
estitmate is $9.64, whisper is 9.87
[12:07 pm] joeytsa : no prob eddy
[12:07 pm] eddy : good nite everybody. Im
outta here.
[12:07 pm] Ed : c ya eddy
[12:08 pm] Brent : take care eddy
[12:08 pm] joeytsa : AMZN hitting $191 res
area
[12:15 pm] chinhngo : cmg = 433.15 up
10.50
[12:16 pm] joeytsa : yeah chin, they are
having a great day
[12:16 pm] shark : 🙂
[12:17 pm] joeytsa : i knew shark was
lurking in the water somewhere haha[12:18 pm]
joeytsa : GOOG is rollin’
[12:18 pm] qwert : look at goog go
[12:18 pm] qwert : wish i was in
[12:19 pm] qwert : oh well its been a good
day
[12:19 pm] shark : dang, that goog[12:20 pm]
joeytsa : earnings right after teh close
[12:20 pm] joeytsa : maybe something leaked,
maybe people just guessing
[12:20 pm] shark : hmmm
[12:21 pm] joeytsa : good day for the bulls,
push above 1374 and hold so far
[12:21 pm] qwert : last time didnt goog
loose like 50 dollars?
[12:22 pm] qwert : after earnings miss
[12:22 pm] joeytsa : yeah
[12:22 pm] joeytsa : if they have good #,
market should pop tomorrow
[12:22 pm] qwert : oh yeah
[12:22 pm] joeytsa : then JPM,WFC report
tomorrow
[12:23 pm] shark : 639 to 590 last
earnings
[12:23 pm] shark : GOOG pull back
[12:25 pm] shark : INVN nice update – I am
long
[12:26 pm] shark : update = up day
[12:27 pm] chinhngo : cmg pull back
[12:28 pm] shark : CMG toppy
[12:30 pm] doji : GOOG pump and dump….
hahaha[12:31 pm] joeytsa : maybe some profit
taking b4 release
[12:32 pm] shark : for sure
[12:33 pm] Ed : nice one goog[12:33 pm] shark
: 😉
[12:33 pm] shark : KORS retakes 50day, but
vol weak
[12:33 pm] eyes : Brent how do you have your
data feed coming in Ib first or
kenetick[12:33 pm] joeytsa : old saying : ”
amateurs control the open, professionals
control the close”..always good to see how
things end up
[12:34 pm] shark : that’s new to me
[12:34 pm] shark : interesting
[12:35 pm] joeytsa : read that late
90’s…that was another reason i got into
gaps early on
[12:35 pm] shark : early on…in the day
or?
[12:35 pm] shark : early in the 90’s?
[12:36 pm] joeytsa : gaps on market open
[12:36 pm] shark : nice
[12:36 pm] joeytsa : idea was that the
easiest money to be made was against the
amateurs
[12:36 pm] mikewd2 -: FET falling hard
[12:37 pm] joeytsa : back then they were
just happy to be in the game..all excited
with their new ameritrade accounts etc[12:38
pm] shark : ISRG all time high
[12:38 pm] shark : not quite a pocket pivot
yet
[12:39 pm] joeytsa : ISRG used to make HUGE
moves on earnings
[12:39 pm] joeytsa : stopped following
them…not enough vol for me
[12:39 pm] shark : yeah
[12:39 pm] shark : 300K shares/day too low
for you, joey?
[12:40 pm] joeytsa : anywhere from 30-50
point moves on earnings
[12:40 pm] joeytsa : yeah
[12:40 pm] mikewd2 -: in FET 21.70 out 21.95,
been waiting all day for that fall
[12:40 pm] joeytsa : but depends on L3
[12:40 pm] shark : that’s $165M/day
[12:40 pm] joeytsa : doesnt help me if i
cant get out of a trade 🙂
[12:40 pm] shark : I can go down to 20M/day
no problem
[12:41 pm] shark : below that, and I’m
sitting on the trigger, or smaller position
size
[12:41 pm] joeytsa : i adjust to on vol or
price
[12:41 pm] joeytsa : ISRG would be both
[12:42 pm] shark : CMG following 10min
down
[12:43 pm] joeytsa : def watch the $191
level on AMZN tomorrow
[12:43 pm] shark : I am short weekly call
CMG off top
[12:44 pm] joeytsa : 435’s ?
[12:44 pm] shark : that PCLN weekly put
short from yesterday at 9, now worth 1. 🙂
[12:45 pm] shark : 435, you got it
[12:45 pm] shark : max potential ATM
[12:45 pm] joeytsa : im really going to did
into options this weekend..got away from
them
[12:45 pm] shark : .30/contract profit,
pretty small
[12:46 pm] shark : CMG
[12:46 pm] shark : I’m looking at short or
long ATM when big priced stocks do the bounce
or turn
[12:46 pm] shark : on the weeklys[12:47 pm]
shark : PCLN seemed way oversold at 720-721
yesterday, and the volume comfirmed it
[12:47 pm] joeytsa : makes sense, risk a
lot less money
[12:47 pm] shark : you have unlimited on the
short side, but not any different than long
or short the stock
[12:47 pm] shark : just less cost to get in
to
[12:48 pm] shark : but long ATM you have
limited risk, for sure
[12:48 pm] joeytsa : right, again i didnt
make myself clear haha[12:48 pm] joeytsa :
selling options is cool though..brings in
money..you can sell anytime or hope they
expire worthless
[12:50 pm] joeytsa : also a cool way to get
into a stock at a lower price ( csep)
[12:50 pm] eyes : Good Night Everyone
[12:50 pm] doji : Hey Eyes, how was your
day?
[12:50 pm] shark : bye eyes 🙂
[12:50 pm] joeytsa : have a good one eyes
[12:50 pm] Ed : c ya eyes
[12:55 pm] shark : all out CMG short call
[12:55 pm] Ed : nice shark
[12:55 pm] shark : 🙂
[12:55 pm] joeytsa : nice one
[12:56 pm] shark : too much heat to stay in
overnight
[12:56 pm] shark : on this one
[12:57 pm] shark : you guys able to put up
GOOG chart for the earnings?
[12:59 pm] shark : a lot of weak vol on the
leaders for this bounce KORS, INVN
[12:59 pm] joeytsa : what do you think
shark..20 pt move on GOOG??
[01:00 pm] joeytsa : you 2 Ed
[01:00 pm] shark : sure, sounds realistic
[01:00 pm] shark : $20/share minimum,
ehhh?
[01:00 pm] joeytsa : dow to close just under
13k
[01:00 pm] qwert : see ya everybody
[01:00 pm] shark : bye qwert[01:00 pm]
joeytsa : bye qwert[01:00 pm] joeytsa : gn
Brent thx
[01:01 pm] shark : wow, nice pop on close
[01:01 pm] joeytsa : 52K just bought on
GOOG
[01:01 pm] shark : there she goes
[01:01 pm] shark : avg est 9.654
[01:01 pm] joeytsa : whisper was higher
[01:02 pm] shark : 10.91 I show
[01:02 pm] joeytsa : i have 9.87 whisper
[01:03 pm] shark : not very high
[01:04 pm] joeytsa : no, this is like
waiting for the flag at the indy 500
haha[01:04 pm] shark : haha, yeah
[01:04 pm] shark : and then the stock races
in circles all over the “track”
[01:04 pm] joeytsa : yep
[01:04 pm] joeytsa : i hope they hurry,
gotta get to the casino
[01:05 pm] doji : Ouch GOOG
[01:05 pm] joeytsa : there we go
wowow[01:05 pm] shark : 21 ATM options
call/puts
[01:05 pm] shark : down $20, you nailed the
opening joey
[01:05 pm] shark : 10.08/share
[01:05 pm] shark : WOW!
[01:05 pm] shark : not bad
[01:06 pm] doji : He she goes up
[01:06 pm] shark : 631 to 657
[01:06 pm] joeytsa : yeee haaaa[01:06 pm]
doji : It’s like a yoyo
[01:06 pm] shark : hahahaha[01:06 pm] shark
: hey doji[01:06 pm] joeytsa : its touched
around 628
[01:06 pm] doji : Were you playing
options?
[01:06 pm] shark : should of had my finger
on the buy down $20/price
[01:06 pm] shark : why waste the whole day
sitting in the stock
[01:07 pm] joeytsa : i cant even read the
spread, its moving to fast hahaha[01:07 pm]
shark : 658
[01:07 pm] doji : GOOG will split in 2 for
1
[01:07 pm] shark : 2.70 spread
[01:07 pm] shark : SPLIT?
[01:07 pm] shark : WHAT?
[01:07 pm] joeytsa : touhced over 670
[01:08 pm] shark : back to flat
[01:08 pm] joeytsa : if GOOG splits they
should do like BIDU 10:1
[01:08 pm] qwert : cost per click down
[01:08 pm] shark : NO, that’ll mess up these
options
[01:08 pm] shark : joey
[01:08 pm] joeytsa : 🙂
[01:09 pm] joeytsa : im just saying 2:1
split wont help avg person
[01:09 pm] shark : earnings in line at
8.14B
[01:09 pm] shark : everyone i know trades
the options
[01:09 pm] shark : like me
[01:09 pm] shark : better value
[01:10 pm] shark : and lower risk on the
long side as you mentioned
[01:10 pm] shark : plenty of liquidity on
those, too
[01:10 pm] joeytsa : but from company pov,
they want investors
[01:10 pm] joeytsa : the avg joe who
buys/holds
[01:10 pm] shark : yeah
[01:11 pm] joeytsa : GOOG approved 2:1 and
a dividend it looks like
[01:11 pm] shark : non voting stock? hmmm
[01:11 pm] shark : never heard of it
[01:11 pm] shark : a new class of stock
[01:11 pm] doji : How do you trade a stock
like GOOG in the post-mrket? It moved from
627 to 671 in a blink
[01:11 pm] joeytsa : i dont doji[01:12 pm]
shark : you have to have your order in
ahead
[01:12 pm] shark : or your finger on the
trigger
[01:12 pm] joeytsa : im taking this as a
positive report…should gap big tomorrow
[01:12 pm] shark : decent, yeah
[01:12 pm] shark : upward bias
[01:13 pm] shark : on line advertising
portion of economy decent growth
[01:13 pm] doji : Are you taking it long
Joey?
[01:13 pm] joeytsa : tomorrow?
[01:14 pm] shark : Karen Finerman gives
great trade suggestions on this stock
[01:14 pm] doji : Long now as swing. You
said it should gap up big tomorrow
[01:14 pm] joeytsa : only way i go long will
be on a pullback..but have to watch it
[01:14 pm] shark : hopefully she is on Fast
Money, today
[01:14 pm] joeytsa : no im not goign in
now
[01:14 pm] shark : she was buying CF
yesterday, look at that one now
[01:15 pm] doji : Yes, but CF didn’t report
yesterday Shark
[01:15 pm] doji : You have to compare apples
with apples…
[01:15 pm] joeytsa : i may not even play
GOOG tomorrow doji…but i expect it to
influence other stocks
[01:15 pm] doji : Exactly Joey
[01:15 pm] shark : I don’t know what that
has to do with anything
[01:16 pm] doji : ?
[01:16 pm] shark : she had a good pick,
great timing
[01:16 pm] joeytsa : she is one of the
better ones
[01:16 pm] shark : who cares about earnings,
just looking for the move
[01:16 pm] shark : she said to sell GOOG
after last earnings call
[01:16 pm] shark : I made $$$
[01:16 pm] doji : $$$ = 999?
[01:17 pm] shark : lot more than that
[01:17 pm] shark : like 5 figures +
[01:17 pm] shark : $$$$$
[01:18 pm] doji : Let’s call her and ask to
talk about GOOG… hahaha[01:18 pm] joeytsa
: 🙂
[01:18 pm] doji : $99,999.99?
[01:18 pm] shark : as a matter of fact:
twitter @guyadami[01:18 pm] shark : they are
looking for question videos for today’s
show
[01:18 pm] joeytsa : ok guys, im off to the
casino
[01:18 pm] doji : Have no twitter
[01:19 pm] shark : CASINO?
[01:19 pm] shark : which one?
[01:19 pm] joeytsa : have a great one
[01:19 pm] shark : no twitter in Rio?
[01:19 pm] joeytsa : Sunset Station
[01:19 pm] doji : now Sharky, tell me how
many times you lost $$$$$ when she called a
stock?
[01:19 pm] shark : Oh, nice
[01:19 pm] shark : for her, none
[01:19 pm] joeytsa : a friend is going to
Keeneland tomorrow and asked me for horse
picks
[01:19 pm] shark : she is the only one I
have a 100% with
[01:19 pm] shark : don’t jinx me here
though
[01:19 pm] joeytsa : going to get the drf to
help her
[01:19 pm] shark : i AM selective though
[01:20 pm] doji : That is an impressive
record on her Sharky…
[01:20 pm] shark : can’t say the same for
anybody else
[01:20 pm] shark : lost on Cramer,
Najarians,
[01:20 pm] doji : How do you pick among all
the stocks she call in?
[01:20 pm] shark : but ALL net good
[01:20 pm] doji : Crammer? He is a joke!
[01:20 pm] joeytsa : nothing wrong with
getting ideas from others, then running them
thru your parameters
[01:20 pm] shark : when she get’s REAL huffy
and passionate about a position
[01:20 pm] shark : AND it’s a glamour
stock…
[01:21 pm] joeytsa : i love Cramer
[01:21 pm] shark : one that can really
move
[01:21 pm] shark : Cramer’s cool
[01:21 pm] joeytsa : he’s just terrible on
timing
[01:21 pm] shark : too many ideas, though
[01:21 pm] joeytsa : agreed
[01:21 pm] shark : he’s mostly a
fundamentalist
[01:21 pm] joeytsa : yep…
[01:21 pm] shark : he’ll average down,
too
[01:21 pm] shark : I prefer to average up
[01:21 pm] joeytsa : i love when i find a
stock that looks good and then he mentions
the fundies[01:21 pm] doji : Me too
sharky[01:21 pm] shark : yeah
[01:21 pm] joeytsa : right, i never add to a
losing positing
[01:22 pm] joeytsa : position
[01:22 pm] shark : he’s the most detailed
when it comes to fundies, joey
[01:22 pm] shark : you are right
[01:22 pm] shark : love it when he disagrees
and trashes the other analysts
[01:22 pm] doji : I ahve read all Crammer’s
books
[01:22 pm] joeytsa : right..problem is
fundamentals wont move a stock price
[01:22 pm] shark : NICE, doji!
[01:22 pm] shark : I read 2 of them
[01:22 pm] doji : By the way, Crammer is
long in BAC and SLB
[01:22 pm] joeytsa : i ahve 2 of his
[01:23 pm] joeytsa : best stock is one with
good fundamentals AND set up technically
[01:23 pm] shark : did you see Scherwin
Williams Paint?
[01:23 pm] doji : Ticker
[01:23 pm] shark : totally
[01:23 pm] joeytsa : gotta run….
[01:23 pm] doji : Bye Joey
[01:23 pm] joeytsa : Thank you Mitch,
everyone
[01:23 pm] shark : SHW
[01:24 pm] shark : bye joey
[01:24 pm] doji : GOOG didn;t change so
far
[01:24 pm] shark : they sold SHW off on
great earnings
[01:24 pm] shark : Cramer said they got it
all wrong
[01:24 pm] shark : now it’s about 6% higher
in 2 days
[01:24 pm] doji : Nice
[01:24 pm] shark : 🙂
[01:25 pm] doji : SHW has been riding the 20
day MA since October
[01:25 pm] shark : a big plus too
[01:26 pm] doji : YEah…
[01:26 pm] shark : riding the 10day since
Dec
[01:26 pm] doji : Ok Sharky, have to go…
tahnks for all the great lessons…
unfortunately I have no CNBC in Rio so any
idea please share with Doji[01:26 pm] shark
: the 1 day sell off was light vol, too
[01:27 pm] shark : me too, have a great one,
doji!
[01:27 pm] doji : I travel a lot so I am
focusing more on swing trades’ day trade
sporadically when I have time to be back in
the office and don;t have too many conference
calls!
[01:27 pm] shark : CNBC is free with many
brokerage accounts
[01:27 pm] shark : you can also subscribe
for like $10/month on CNBC.com
[01:27 pm] shark : Etrade has it for free
[01:28 pm] shark : TD Ameritrade has it
too
[01:28 pm] doji : Thanks Sharky… really
appreciatted…. next time come to Rio…
instead of Peru
[01:28 pm] shark : haha[01:28 pm] doji :
Yes TDA has it
[01:28 pm] shark : you got TDA?
[01:29 pm] doji : I pay the drinks… you
just need to talk about your trading ideas…
hahah[01:29 pm] doji : on the beach
[01:29 pm] shark : sounds pretty good.
[01:29 pm] shark : will keep that in mind
[01:29 pm] shark : and some girls too
[01:30 pm] doji : You bet it!
[01:30 pm] shark : 🙂
[01:30 pm] doji : Not only one… many…
[01:30 pm] shark : 😉
[01:31 pm] doji : Bye Sharky!
[01:31 pm] shark : Bye doj |
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