[06:15 am] Kris : good morning traders
[06:16 am] Kris : Today I’m watching AAP,
CAG, GPC, ONB, ENOC, KITD and SD for possible
longs
[06:17 am] Kris : PANL, JAZZ, GPN, BMC and
SKX for possible shorts
[06:18 am] Ed : good morning traders
[06:21 am] Brent : good morning
[06:29 am] Kris : kick the tires and light
the fires
[06:29 am] Kris : time to rock!
[06:30 am] Mitch K: pay attention to WTW
again today
[06:31 am] Kris : watching CSTR for a long
[06:31 am] Mitch K: when you have a big move
day before, usually has more trades next
day
[06:32 am] Kris : ATHN long half
[06:32 am] Kris : watching JAZZ for a
short
[06:33 am] Kris : FDO 200sma daily support
[06:33 am] Mitch K: watching DSW for
bottom,
[06:33 am] Mitch K: watching FDO for bottom
to buy
[06:34 am] Kris : APOL long half
[06:35 am] Kris : NFLX long half
[06:35 am] Kris : watching EXPE for a
short
[06:36 am] Kris : CRM short half
[06:36 am] Kris : watching GMCR for a
short
[06:37 am] Kris : don’t chase SINA, let it
pull back into your order
[06:37 am] Kris : SINA long half
[06:38 am] Kris : watching REGN for a short
reversal
[06:38 am] Mitch K: watching ARUN for top to
short
[06:39 am] Kris : EXPE on the short side
[06:39 am] Kris : EXPE starting to look
interesting, coming into resistance soon
[06:39 am] Kris : out half APOL long
[06:39 am] Kris : WYNN short half
[06:40 am] Kris : come to papa
[06:41 am] Brent : watching C for a bounce
[06:41 am] Kris : thanks zen[06:41 am] Mitch
K: watching FMCN for a top, missed bottom,
[06:42 am] Kris : out half WYNN short
[06:42 am] Kris : yes joey, probably will
pass on that short, by the time it’s ready
the market will find a bottom
[06:43 am] Kris : looking for 81.77 first
target NFLX
[06:43 am] Kris : NFLX new hod[06:44 am] Kris
: SINA holding up with the selling so far.
see if we can get a bounce soon.
[06:45 am] Brent : consider reducing C
[06:45 am] Kris : dang, should have waited a
couple more seconds
[06:45 am] Kris : if you’re short EXPE look
to take some off here soon, coming into
support around 29.30
[06:45 am] Kris : out half NFLX long
[06:46 am] Kris : come on baby
[06:46 am] Kris : out another 1/4 WYNN
short
[06:46 am] Kris : out half SINA long
[06:46 am] Kris : SINA getting a pulse
[06:47 am] Kris : moving do stop on last
piece WYNN short to 108.57
[06:47 am] Kris : watching CREE for a
short
[06:47 am] Mitch K: JAZZ toppy
[06:47 am] Mitch K: watching REGN for top to
short
[06:48 am] Kris : watching LNKD for long
around 61.60 support, would like to see more
volume on the selling
[06:49 am] Kris : DV strong
[06:50 am] Kris : she’s looking good
[06:50 am] Kris : watching SPRD for a long
reversal
[06:51 am] Kris : watching JNJ for a long
[06:52 am] Kris : JAZZ turning, see if it can
lose 44.60
[06:52 am] Kris : out all SINA long
[06:53 am] Kris : quick tip for those new to
the room
[06:54 am] Kris : if you see me exit a trade,
just hold your position another 2 minutes and
double your profits
[06:54 am] Kris : out another 1/4 NFLX
long
[06:54 am] Kris : then you can buy me a $5
footlong[06:55 am] Kris : VRTX long half
[06:57 am] Brent : SPY at trendline
resistance
[06:57 am] Kris : out half VRTX long
[06:58 am] Kris : will wait a little but ACOM
looking good on the long side.
[07:02 am] Brent : thx rusty
[07:02 am] Brent : VRX alert
[07:02 am] Kris : out all NFLX long
[07:02 am] Kris : so now it should run to
84.00
[07:04 am] Kris : watching MDP for a long
[07:07 am] Kris : next support would be
127.00
[07:07 am] Kris : SPY not getting much follow
through off the bottom here, look for one
more test and break of the lows possibly.
[07:09 am] Kris : looks like SPRD hit that
16.98
[07:09 am] Mitch K: watching for short in
HGSI
[07:12 am] Kris : here goes NFLX to heading
to 84, lol[07:12 am] Kris : too late ed[07:13
am] Kris : CREE turned over nicely
[07:14 am] Kris : figures, I’ve been waiting
3 days for the APOL breakout and miss it
today.
[07:15 am] Kris : if you got MDP long, look
to take some profits here
[07:15 am] Kris : what did you get MDP for
qwert, 31.08?
[07:17 am] Mitch K: keep watching for WTW
trades, last long was 62.50 area, now up 2.50
a share
[07:26 am] Brent : watching MGA
[07:27 am] Mitch K: consider covering SINA if
short
[07:28 am] Mitch K: consider covering FMCN,
most of it if short
[07:28 am] Mitch K: consider covering FMCN,
most of it if short
[07:28 am] Mitch K: HCA short is a slow
drip
[07:28 am] Mitch K: watching GBX for top but
should run for a while longer, thin float,
lower volume
[07:38 am] Mitch K: VHC turning over but try
for 26.50 area for short
[07:38 am] Mitch K: VHC turning over but try
for 26.50 area for short
[07:41 am] Ed : NFLX still strong
[07:41 am] Ed : NFLX still strong
[07:41 am] Kris : anybody seen what NFLX is
doing?
[07:41 am] Kris : anybody seen what NFLX is
doing?
[07:44 am] Kris : DMND ALERT
[07:44 am] Kris : DMND ALERT
[07:44 am] Kris : DMND ALERT
[07:44 am] Kris : DMND ALERT
[08:05 am] Ed : watch WPI around 200day,
[08:05 am] Ed : watch WPI around 200day,
[08:06 am] Ed : would like more upward push
has consol at 63.59 price
[08:06 am] Ed : would like more upward push
has consol at 63.59 price
[08:08 am] Ed : will pass at these levels not
enough money for me
[08:08 am] Ed : will pass at these levels not
enough money for me
[08:28 am] Brent : HUM moving, thx Joey
[08:41 am] Brent : watching PAA, getting some
volume
[08:42 am] Brent : FMCN approaching lod[08:42
am] Brent : thx mhaus[08:49 am] Mitch K:
watching SINA for bottom
[08:53 am] Brent : consider reducing PAA if
long
[08:53 am] Mitch K: ugh, late to see
[08:53 am] Mitch K: watching EEP
[08:54 am] Kris : could be a good quickie
short
[08:54 am] Kris : watch for FMCN to break a
new lod[08:55 am] Kris : could be derns, just
will have to be patient on the come back
[08:55 am] Kris : starting to reach into
daily resistance at 52wk high
[08:56 am] Brent : consider reducing more
PAA
[08:56 am] Kris : right joey, a break of that
trendline support with a lower high on the
next bounce
[08:56 am] Kris : safe play would be to pass
based on the steady move and volume
[08:57 am] Kris : EEP beautiful chart
[09:01 am] Brent : nice little flurry
[09:02 am] Kris : FMCN testing lod[09:07 am]
Kris : watching SINA for a long
[09:31 am] Mitch K: consider closing EEP
[09:31 am] Mitch K: watching AGP, Amerigroup,
very strong still, watching for top but looks
real strong
[09:34 am] Ed : hod NFLX, WTW
[09:41 am] Mitch K: looking for 65 area to
cover short
[09:41 am] Mitch K: of AGP
[09:51 am] Mitch K: that blue line is an
arbitrary target price for AGP short
[09:54 am] Ed : NFLX still strong, don’t tell
Kris though
[09:59 am] Ed : INHX moving
[10:08 am] Ed : reducing INHX here
[10:18 am] Ed : reduce more INHX
[10:19 am] Ed : holding last 1/4 stop below
b/e[10:19 am] Mitch K: AGP dribbling down,
could see 64.50 area
[10:21 am] Ed : moving stop to 10.08
[10:24 am] Ed : tank u sir i mean KING
[10:24 am] Mitch K: good job eddie money
[10:33 am] Mitch K: AGP approaching 64.50, if
it doesn’t make it, blame it on Ed
[10:36 am] Mitch K: Obama on tv[10:40 am] Ed
: all out INHX
[10:43 am] Kris : GLW moving up
[10:59 am] Mitch K: CTXS could have another
short on top of this bounce
[11:03 am] Mitch K: AGP below 64.50, not Eds
fault
[12:30 pm] Ed : thx mhaus[12:30 pm] Ed :
watching NST
[12:30 pm] Ed : thx mhaus[12:36 pm] Ed :
reduce here NST
[12:39 pm] Ed : reduce more NST
[12:46 pm] Ed : closing last 1/4 of NST with
14 min left
[12:47 pm] Brent : good one Eddie/mhaus[12:48
pm] Ed : tank u Brent
[12:52 pm] Ed : 8 min left
[12:58 pm] Ed : nice one Rusty on gnc[01:00
pm] Kris : good job today everyone. have a
great weekend and see you all monday.
[01:00 pm] Ed : have a great weekend
[01:00 pm] Brent : Have a great weekend, see
you all Monday morning
|
[06:16 am] mikewd2 -: nice gap up on FST
[06:16 am] joeytsa : the ES trending down
since the job#
[06:16 am] joeytsa : yeah mike, FST
upgraded
[06:16 am] doji : Yeap, really weird Joey
[06:17 am] joeytsa : the dec# got revised
up
[06:17 am] joeytsa : kris: on SD, is that
the cramer effect?
[06:18 am] rusty : 42000 of the job gains
were in the messenger sector wth[06:19 am]
rusty : reminiscent of the job increase
during the census
[06:19 am] joeytsa : thanks rusty, next
month’s numbers should be interesting
[06:20 am] joeytsa : GS/MS estimates just
got cut?
[06:20 am] joeytsa : had the vol on cnbc too
low
[06:21 am] joeytsa : must have heard
right..GS falling
[06:21 am] chinhngo : dej and cxm have a
good news anyone follow up?
[06:22 am] rusty :
http://www.bls.gov/news.release/empsit.nr0.ht
m jobs report detailed
[06:25 am] joeytsa : 1267-1282 the ES range
overnight
[06:31 am] joeytsa : keeping WPI up also
from yesterday
[06:31 am] doji : Watch DNDN also
[06:31 am] doji : PANL S
[06:31 am] doji : from the open
[06:32 am] joeytsa : FDO looks weak
[06:32 am] rusty : FDO DLTR DG “
[06:33 am] joeytsa : APOL moving up
[06:34 am] rusty : STD 6’s one to watch for
a swing into weakness
[06:34 am] rusty : contrarian play
[06:35 am] skydiver : out 1/2 of CSTR L
entered 41.44
[06:35 am] joeytsa : CRM weak, might find a
bottom
[06:35 am] derns : NFLX
[06:35 am] rusty : JAZZ hod[06:36 am]
mikewd2 -: SINA
[06:37 am] joeytsa : PANL pulled back and
turned up
[06:37 am] joeytsa : AMZN moving
[06:38 am] joeytsa : out WPI
[06:38 am] skydiver : thanks as well Kris on
SINA
[06:38 am] rusty : SHLD hod will be selling
rest of my SHLD today
[06:38 am] mikewd2 -: nice rusty
[06:38 am] rusty : i don’t like to stay
around too long on cos. losing $
[06:38 am] apple : good one rusty
[06:39 am] mikewd2 -: long VXX from
premarket
[06:39 am] joeytsa : AAPL broke above $420,
Oil below $102
[06:39 am] mikewd2 -: FST gave most of the
gap up back
[06:40 am] joeytsa : watching for next move
in NFLX
[06:40 am] mikewd2 -: VXX paying off
[06:41 am] zentrader : CREE
[06:41 am] skydiver : CREE – take over
chatter
[06:41 am] joeytsa : REGN strong so far
[06:42 am] skydiver : Nice one Kris on
WYNN
[06:42 am] observer : SLW Long
[06:44 am] doji : FMCN also strong same as
REGN
[06:44 am] richard : watching PSMT
[06:44 am] doji : C reversing
[06:44 am] rusty : starting STD swing long
small position
[06:45 am] rusty : RRC radar
[06:46 am] joeytsa : WYNN is a dog so far
[06:47 am] doji : CREE flying
[06:47 am] mikewd2 -: FST coming back
[06:47 am] zentrader : looking for top in
JAZZ
[06:47 am] skydiver : RRC – take over
chatter
[06:47 am] rusty : don’t chase STD
long…buy only into weakness…would like it
to see a new low and some panic preferably
[06:48 am] doji : REGN still strong
[06:48 am] mikewd2 -: one for you rusty,
BDSI
[06:49 am] joeytsa : SPRD looking for a
bottom, not sure it’s a playable long
though
[06:49 am] doji : SPY still weak
[06:50 am] joeytsa : yeah doji[06:50 am]
mikewd2 -: educational up today
[06:50 am] zentrader : S JAZZ 45.39 –
small
[06:50 am] doji : Short ZNGA
[06:50 am] zentrader : will add
[06:50 am] rusty : Note that Roth Capital
estimated BioDelivery Sciences’ (BDSI)
agreement with Endo Pharmaceuticals (ENDP) to
be worth at least $2-$3 per share and said
buying BioDelivery shares under $2.00 would
is highly attractive. :theflyonthewall.com
[06:50 am] rusty : BDSI
[06:51 am] mikewd2 -: Spreadtrum drops over
8% after RF Micro Devices guides below
estimates
[06:51 am] apple : LULU dropping
[06:52 am] mikewd2 -: KITD rebounding
[06:53 am] zentrader : out 1/4 JAZZ 44.68
[06:53 am] mikewd2 -: go SINA
[06:53 am] skydiver : CREE dropping nicely
🙂
[06:53 am] doji : CREE???
[06:54 am] mikewd2 -: i did Kris
[06:54 am] apple : good one, K!
[06:54 am] skydiver : well – was dropping
—
[06:54 am] doji : NFLX still running up
[06:55 am] qwert : kris thx for sprd
working nice
[06:56 am] qwert : 16.04 avg. sprd[06:56 am]
Brent : lol, too slow qwert. Did you use a
market order?
[06:56 am] doji : Soros says “EU split will
be a disaster”!
[06:57 am] Kris : he was a sniper at 16.00
[06:57 am] apple : i think so
[06:57 am] qwert : i got college to pay for
hahaha[06:57 am] mikewd2 -: wow, i’m in
16.50
[06:58 am] apple : LULU was a good one, L
52.08
[06:58 am] mikewd2 -: out half KITD 8.95
[06:58 am] doji : Still watching REGN
[06:59 am] skydiver : out 1/2 CREE 22.52
[06:59 am] Kris : careful shorting REGN doji,
stay light on your feet
[06:59 am] doji : I said just watching
[07:00 am] doji : thanks Kris
[07:00 am] qwert : kris you still long
athn[07:00 am] doji : same as WTW
yesterday…
[07:00 am] joeytsa : REGN was nice 🙂
[07:00 am] Kris : yeah, I’m holding half
ATHN
[07:00 am] Kris : consolidating just over
support and holding against the market thus
far
[07:01 am] Kris : will probably stay small,
get ahead and step out of it.
[07:01 am] joeytsa : VRX moving
[07:01 am] skydiver : All out of CREE – last
22.46
[07:02 am] joeytsa : must be news
[07:02 am] skydiver : 🙂 – two trades and
two wins –
[07:02 am] rusty : VRX alert
[07:02 am] skydiver : thnx Rusty on VRX
[07:03 am] mikewd2 -: out half SPRD
[07:04 am] Brent : good one on SPRD
joey/kert[07:04 am] rusty : Valeant
Pharmaceuticals International, Inc. expects
to host a conference call and live Internet
webcast along with a slide presentation on
January 6, 2012, at 10:00 a.m. EST to
announce 2012 financial guidance
[07:04 am] rusty : VRX
[07:05 am] skydiver : VRX dropping nicely
🙂
[07:05 am] Kris : thanks for VRX fry cook
[07:06 am] apple : yeah, rusty, we owe one!
VRX excellent
[07:06 am] mikewd2 -: closed SPRD 17.00, ty
joey kris[07:06 am] observer : trade of the
day, rusty
[07:07 am] zentrader : HGSI
[07:07 am] rusty : joey mentioned VRX
first…thank hin[07:07 am] apple : thanks
joey, i owe you!
[07:09 am] joeytsa : AMZN strong on that
pivot support hold
[07:10 am] Brent : MDP did a slow reversal,
good one kert[07:10 am] apple : nice MDP
[07:10 am] joeytsa : not impressed with BIDU
yet
[07:11 am] skydiver : missed MDP – oh well –
more opportunities coming
[07:11 am] Kris : yeah, I’m a little
disappointed in the MDP bounce
[07:12 am] Ed : don’t look at nflx kris[07:13
am] apple : nice one on WTW
[07:13 am] joeytsa : PSMT sitting on
lod[07:15 am] joeytsa : hate when that
happens kris…i need to work on setting
alerts
[07:15 am] rusty : JAZZ back near highs
[07:15 am] qwert : no i missed it
[07:16 am] rusty : HGSI active
[07:16 am] Brent : didn’t want to chase past
31.10 huh qwert?
[07:16 am] rusty : Symantec confirms hacker
theft of Norton anti-virus source code
[07:16 am] qwert : yeah there you go
[07:17 am] joeytsa : WTW might be getting
toppy…
[07:17 am] joeytsa : watch stops if in
[07:17 am] Kris : that is the funniest
headline I’ve heard in a while rusty
[07:17 am] rusty : amazing stuff
[07:17 am] Kris : hacker steals security
company’s source code
[07:17 am] Kris : remember, that was
norton[07:20 am] skydiver : S WTW 64.63
[07:21 am] joeytsa : interested in the job
#’s next couple of months….
[07:22 am] rusty : CHK hod[07:22 am] joeytsa
: dec # was revised up, probably a bunch of
layoffs coming with sears,kodak, holiday
workforce
[07:22 am] apple : beautiful chart MDP
[07:23 am] joeytsa : VRX was nice on that
2nd short
[07:23 am] skydiver : M – rumors
[07:24 am] joeytsa : i love repeat trades
whether just today or holdovers like WTW
[07:26 am] rusty : CRM radar
[07:26 am] mh : vphm interesting long
here
[07:27 am] joeytsa : i just closed my CRM
trade rusty
[07:27 am] joeytsa : might have to look
again 🙂
[07:27 am] rusty : MDVN up on low volume
[07:27 am] skydiver : stopped out on WTW –
had tight stop
[07:28 am] apple : sky, did you reverse?
[07:29 am] skydiver : No – had a tight stop
on WTW Short – basically broke even with
small loss
[07:29 am] skydiver : should have reversed
however —
[07:29 am] apple : APOL still strong
[07:30 am] joeytsa : yeah APOL/WTW both
showing too much strength to short just
yet
[07:30 am] skydiver : now you tell me joey
🙂 –
[07:31 am] joeytsa : sorry sky
[07:31 am] skydiver : glad I put my stop in
at break even for WTW – no problem joey
[07:31 am] skydiver : I felt un-easy with
WTW short – that’s why I had such tight
stop
[07:31 am] rusty : VHC radar
[07:32 am] joeytsa : just too tricky to get
those , at least for me
[07:33 am] joeytsa : I’m trying to simplify
my life/trades 🙂
[07:33 am] skydiver : VHC – judges comments
in court case seem to be on side on VHC –
good news for VHC
[07:33 am] mikewd2 -: out 1/4 KITD 9.00
[07:33 am] joeytsa : keying in on 2 spot
plays for daytrades[07:34 am] mikewd2 -:
hopefully WTW will give a nice short today at
some point
[07:35 am] apple : mike i think you’re
right, but it has to be good!
[07:35 am] Kris : those are better played on
longer term charts
[07:35 am] rusty : UL radar
[07:35 am] apple : i hear you, joey, that’s
what i have been trying to do as well
[07:35 am] mikewd2 -: looking for the 67.55
area
[07:36 am] Kris : you really need to let them
break first or you’ll be chasing your tail
all morning long
[07:36 am] rusty : LEAP radar
[07:36 am] joeytsa : re: WTW, next pivot
higher about $1 up from here
[07:36 am] skydiver : Thnx Kris — for
info
[07:36 am] skydiver : thnx joey on WTW pivot
point
[07:37 am] joeytsa : the prev cl is decent
support
[07:37 am] mikewd2 -: need to learn pivots
[07:38 am] joeytsa : about a $6 swing
between the points at the moment
[07:38 am] rusty : SQNS hod[07:40 am]
joeytsa : italian 10yr hit 7.18%
[07:40 am] joeytsa : CF broke down
[07:43 am] rusty : selling some SQNS into
this pop
[07:44 am] mikewd2 -: DMND
[07:44 am] skydiver : wow on DMND
[07:45 am] mikewd2 -: out half 33.60
[07:46 am] rusty : RIMM hod[07:46 am]
mikewd2 -: all out DMND, swing from
yesterday
[07:47 am] rusty : nice mike
[07:47 am] skydiver : great job mikewd2 –
swing trade paid off 🙂
[07:47 am] mikewd2 -: ty[07:47 am] doji :
swing from yesterday Mike? What did you see
then?
[07:48 am] skydiver : $$$$
[07:48 am] rusty : VIX lod[07:48 am] mikewd2
-: doji, it was just trending slightly up
yesterday
[07:50 am] apple : WTW looks a lot like
yesterday’s chart
[07:51 am] mikewd2 -: interesting if WTW hits
67.55 high from yesterday
[07:51 am] apple : not far from it
[07:51 am] mikewd2 -: and DSW not looking
like WTW today
[07:51 am] Kris : 6 out of the last 7 days
DMND has had a big spike before 11:00am
EST
[07:52 am] Kris : the it sells back into the
lows
[07:52 am] skydiver : interesting Kris –
thnx[07:52 am] mikewd2 -: FST slowing coming
back
[07:52 am] rusty : and on the seventh day
DMND rested
[07:52 am] skydiver : out 1/2 DMND short
[07:53 am] rusty : BKD radar
[07:53 am] rusty : light radar
[07:53 am] doji : FSLR new hod[07:56 am]
rusty : HAUP worth watching for a short
based on daily chart…only into strength not
weakness
[07:56 am] skydiver : thnx rusty on HAUP
idea
[07:56 am] doji : REE has almost double in
the last 5 days….
[07:57 am] skydiver : you’re right doji on
REE — any news?
[07:57 am] doji : One of the directors
acquired 50,000 shares
[07:58 am] doji : Volume today should be
higher than the last 6 months… just
something to notice
[07:59 am] skydiver : yes — volume is up a
lot compared to the past 6 months —
[07:59 am] apple : MCP hod[08:00 am] rusty
: ROST worth watching based on daily chart
[08:00 am] skydiver : HGSI – been slowly
coming down
[08:00 am] victor51 : Mitch, great call on
VHC. I couldn’t get in because of fast
drop
[08:01 am] skydiver : looking at ROST – thnx
Rusty again!
[08:03 am] rusty : CTXS radar
[08:04 am] doji : MCP pulling back a
little…
[08:07 am] joeytsa : WPI might turn over
[08:08 am] joeytsa : but it’s been strong
[08:08 am] skydiver : out 1/4 more of DMND
at 33.18
[08:08 am] Ed : don’t like that consolidation
is so close
[08:08 am] doji : Yes Ed, 64 is another
resistance
[08:09 am] joeytsa : agree
[08:09 am] rusty : JAZZ hod[08:12 am] doji
: Any idea why with all the “good” news in
the pre-market in the last days the market
open lower and the rebound to close in
positive territory?
[08:13 am] doji : So the day we have no
news, should we see a sell off?
[08:14 am] joeytsa : maybe traders don’t
believe the “good news” ?
[08:15 am] joeytsa : not really sure
doji[08:15 am] rusty : January effect
perhaps
[08:15 am] joeytsa : i think that has a lot
to do with any push higher
[08:16 am] skydiver : WPI had dropped
nicely
[08:17 am] joeytsa : doji: also i feel that
QE3 is in the minds of traders
[08:17 am] rusty : ss JAZZ
[08:17 am] joeytsa : think they will hold
off as long as they can though
[08:18 am] mikewd2 -: lower highs, lower lows
on WTW
[08:19 am] joeytsa : yeah mike, indis
bottoming
[08:20 am] rusty : CTXS bouncing
[08:20 am] apple : ALXN hod[08:20 am] rusty
: FMCN radar
[08:21 am] apple : GMCR hod[08:21 am]
skydiver : all out of WPI short – 63.65
[08:21 am] Ed : nice trade sky
[08:21 am] skydiver : thnx Ed
[08:21 am] joeytsa : nice job sky
[08:21 am] joeytsa : good call Ed
[08:21 am] doji : so WPI dropped all the way
down to previous consolidation
[08:22 am] Ed : the ones u don’t take are the
best calls
[08:22 am] doji : FMCN new lod[08:22 am]
doji : you are right Ed… hahaha[08:22 am]
skydiver : thnks to all of you – learning
more each day – and BIG thanks to TSA
[08:22 am] apple : DECK lod[08:23 am]
skydiver : FMCN – report from muddy waters
on FMCN
[08:24 am] skydiver : Focus Media mentioned
cautiously again at Muddy waters research
[08:24 am] skydiver : from – Fly on the
wall
[08:24 am] doji : Muddywaters publishes a
negative report on FMCN
[08:25 am] Kris : FMCN breaks 18.30 and it
could really see big flush
[08:26 am] rusty :
https://4668144651079215301-a-180274477373272
2657-s-sites.googlegroups.com/site/muddywater
sre/pdffiles/MW_FMCN_GinsengPlantation_010612
.pdf?attachauth=ANoY7col52RxvV3qEcSscaSpoID9a
F8eC5cizI-cKBgc2JqG8dPfhZ4PmHMnuEbFOMfyjHLj_m
fPgjcFqNDlO7vv0aAvr6i2MYHPnhxEQGuEWwVj4NXucqe
9yhUThiSpdxAwCXocLzsY-jbyTKkj6xMAn048BuIHKJp5
PSu4si_R1Ia17cP3Xkco10F3_jq7gSt2ZSqIvmT5gkqvi
-CREzDgu6XEnvR9IL-n6KaUovmPt5lsa5MvYqYpW-9LBd
B7EVHTUzy0-eZ5&attredirects=1
[08:26 am] rusty : FMCN
[08:26 am] rusty : sorry for long link
[08:28 am] joeytsa : HUM getting some
buying
[08:29 am] apple : i saw that joey on my
scanner – nice smooth climb
[08:30 am] apple : CRM also up
[08:30 am] rusty : here comes the usual
muddy squeeze as he cover
[08:30 am] rusty : GMCR radar
[08:32 am] joeytsa : WTW getting close to
hod[08:33 am] rusty : most of muddy’s stocks
bottom the day the report comes out
[08:34 am] joeytsa : all i know is that it
much easier to react than it is to try to
understand when it comes to the markets
[08:34 am] apple : DNDN hod[08:35 am] rusty
: agree joey
[08:35 am] joeytsa : so FMCN broke below
prev cl, bottomed and ran right back to prev
cl and stopped
[08:35 am] apple : sina[08:35 am] apple :
lod[08:36 am] joeytsa : PSMT trying to get
its footing..rough day so far for them
[08:36 am] rusty : covering JAZZ
[08:37 am] joeytsa : i won’t long PSMT here
though
[08:37 am] mh : sina likes to open strong
then drift down all day
[08:37 am] doji : earning report killed PSMT
Joey
[08:37 am] apple : CELG downhill
[08:38 am] joeytsa : i guess their price
wasn’t so smart 🙂
[08:39 am] qwert : anyone get the hum
short
[08:39 am] joeytsa : euro below $1.27 1st
time since sept 2012
[08:39 am] rusty : GEVA very nice daily
chart….thin volume
[08:39 am] mhaus : PAA
[08:40 am] joeytsa : i didn’t take it
qwert[08:41 am] rusty : EPD radar
[08:41 am] qwert : i missed it was watching
fmcn and waiting to see how it acted at
95
[08:42 am] apple : yeah, thx mhaus[08:42 am]
joeytsa : gunslingers have approx 4:1 r/r if
you take WTW here..not a rec, just info
[08:43 am] joeytsa : MMP diving
[08:44 am] joeytsa : only 200k vol[08:44 am]
rusty : VIX lod[08:45 am] doji : What is
4:1 r/r Joey?
[08:45 am] doji : risk reward
[08:45 am] doji : got it
[08:45 am] joeytsa : 15 esig charts up, 4
ninja charts,2lightspeed charts and 9
scans
[08:45 am] joeytsa : reward/risk
[08:46 am] doji : 4=reward, 1=risk is that
correct Joey?
[08:46 am] joeytsa : doji: at that point on
WTW, looked to be about $1 upside, with a
25cent stop loss near the 15ma
[08:46 am] joeytsa : yes doji, you got it
[08:46 am] mhaus : EEP
[08:46 am] joeytsa : MMP might be
bottoming?
[08:48 am] qwert : anybody see news on
paa[08:48 am] rusty : nope
[08:48 am] joeytsa : actually, explaining
things out loud is my attempt for it to make
sense 🙂
[08:48 am] doji : PAA still sinking
[08:49 am] skydiver : PAA MMP EPD all
seem to be going down together
[08:49 am] doji : PAA support at 67 then a
stronger one at 66… just as reference
[08:49 am] mhaus : Newsman (rusty), any news
on PAA?
[08:50 am] joeytsa : big red vol spike on
MMP
[08:50 am] rusty : EEP also
[08:50 am] rusty : gotta be some news
[08:51 am] apple : DMND moving up
[08:53 am] joeytsa : russell taking out
yesterday’s highs
[08:53 am] doji : MMP L 66.16
[08:53 am] apple : nice on all three PAA EEP
and MMP
[08:53 am] joeytsa : nice quickie on MMP
🙂
[08:54 am] joeytsa : doji: and there is your
4:1 on WTW 🙂
[08:54 am] joeytsa : can’t beat those
odds
[08:54 am] derns : MDVN…can anyone comment
on whether this is a good short candidate?
[08:55 am] joeytsa : i don’t like it
derns[08:55 am] joeytsa : steady climb all
day, right thru all pivots
[08:56 am] joeytsa : if you do short it, let
it prove its failure first
[08:56 am] derns : thx Kris and Joey..it has
been hot
[08:56 am] scalpman : Out 1/2 EEP L
[08:56 am] apple : derns, did you take PAA,
EEP or MMP? all great
[08:56 am] doji : Out 1/2 MMP…. $1/share
profits
[08:56 am] skydiver : good job doji[08:56
am] doji : will trail second half
[08:56 am] derns : apple..I have been
watching..haven’t jumped in yet
[08:57 am] joeytsa : derns: you want a good
swing short….GS every time it his
resistance and turns back down
[08:57 am] apple : they all took off about
the same time
[08:57 am] joeytsa : mainly the 50ma
[08:57 am] derns : thx Joey…
[08:57 am] joeytsa : yeah kris[08:58 am]
joeytsa : Mitch’s V pattern = $ $ $
[08:58 am] apple : yum…
[08:58 am] doji : SPY at tredline
sipport[08:58 am] scalpman : All out PAA
L
[08:58 am] doji : Yes Joey, EEP, MMP and PAA
nice V patterns
[08:59 am] apple : excellent
[08:59 am] doji : and the indicators in the
2min charts are still pointing up
[09:00 am] scalpman : all out EEP L
[09:00 am] doji : and all of them over 50%
retracement from their lows!
[09:00 am] scalpman : EEP & PAA made my
day…hooray!
[09:00 am] joeytsa : just 1 of those pays
your mortgage
[09:00 am] scalpman : V pattern…a
classic.. that was fun!
[09:01 am] doji : all out MMP
[09:02 am] qwert : here’s fmcn lod[09:03 am]
apple : wow, S FMCN 19.54
[09:03 am] skydiver : nice apple
[09:04 am] doji : Nic Apple, got distracted
with MMP
[09:04 am] apple : got it when i think rusty
mentioned it. thx
[09:04 am] joeytsa : nice apple !!!!
[09:04 am] doji : Last time FMCN dropped 60%
from top to bottom
[09:05 am] joeytsa : don’t take your eyes
off of WTW just yet
[09:05 am] doji : Benzinga: Muddywaters rip
FMCN… Again!
[09:05 am] Ed : been like 3 weeks since we
have seen 3 v patterns at same time
[09:06 am] joeytsa : 3 perfect ones..really
nice
[09:06 am] apple : it was a triple!
[09:06 am] doji : SINA tanking
[09:07 am] joeytsa : wish someone would let
wall st know to stagger them next time,
maybe every 30 minutes or so 🙂
[09:07 am] apple : the nice thing about
these 3 was a smooth ride …. made it
easy
[09:07 am] joeytsa : FDO breaking down
[09:08 am] doji : If SINA breaks 50, it will
be all the way down to 74???
[09:08 am] doji : 47???
[09:08 am] scalpman : Thanks to TSA for
great calls.
[09:09 am] joeytsa : possibly doji[09:09 am]
doji : SPY broke trendline support
[09:10 am] joeytsa : BIDU lod[09:10 am]
skydiver : L SINA 50.21 –
[09:10 am] skydiver : gunslinged that one
[09:11 am] skydiver : moving stop up on
SINA
[09:11 am] joeytsa : ya think haha[09:11 am]
skydiver : 🙂
[09:11 am] joeytsa : gotta break thru the
15ma
[09:11 am] skydiver : out 1/2 SINA 50.84
[09:12 am] joeytsa : nice quick trade sky
!!!
[09:12 am] skydiver : moved stop up to BE
[09:12 am] joeytsa : that’s what makes
trading great..some traders see things while
others don’t
[09:13 am] apple : our triple crown all
dropped at the same time!
[09:13 am] joeytsa : sure did apple
[09:14 am] apple : ADTN lod[09:14 am]
joeytsa : i didn’t get any of EEP
[09:14 am] apple : next time
[09:15 am] joeytsa : it’s ok, i saw more
money in MMP
[09:15 am] joeytsa : getting quicker on
multiple trades is something i need work on
also
[09:15 am] apple : me too
[09:16 am] joeytsa : i tend to focus on 1
target…which is ok, but i miss things
[09:17 am] joeytsa : crude looks like it
wants to lose $101
[09:21 am] skydiver : late to see BOBE
[09:21 am] doji : FMCN “consolidating” with
low volume… if we take the lesson from WTW
from yesterday, FMCN should trend lower…
just a remark
[09:22 am] skydiver : BOBE – rumors of
takeover speculation
[09:24 am] joeytsa : good eyes on FMCN, same
pattern with MMP
[09:27 am] joeytsa : doji: calculated
between support/res
[09:28 am] joeytsa : in WTW’s case it was
between the upper pivot and the 15ma support
at that time
[09:28 am] doji : every day I am less
ignorant…. or should I say more
knowledgeable?
[09:29 am] joeytsa : it’s just a quick
glance, i don’t pull out a calculator or
anything
[09:29 am] joeytsa : keep things simple,
like you with fibs…
[09:30 am] joeytsa : i can look at a chart
and guestimate where 33,50% are
[09:30 am] apple : good for you joey
[09:31 am] joeytsa : it’s not hard
[09:31 am] apple : thx MK closed at
consolidation
[09:31 am] doji : Joey, on SINA at 50, the
next pivot support is 48 (in addition to the
natural 50 support) while the next resistance
is 50.64…. on this case the r/r is not
there… any thought?
[09:32 am] doji : Mitch AGP looks like WTW
yesterday
[09:33 am] joeytsa : doji: if you short SINA
at 50, that would give $2 reward with 64cent
risk…7/2 odds
[09:34 am] doji : No, I was talking long…
remember
[09:34 am] joeytsa : 3.5:1 r/r IF it hits
those numbers
[09:34 am] doji : Long on SINA at 50… the
risk is way higher than the reward… that
was my point not going long
[09:35 am] joeytsa : gotya…well in that
case maybe 60cents reward with a tight 20cent
stop to get 3:1
[09:35 am] joeytsa : yeah you would have to
adjust your stop
[09:35 am] joeytsa : i try to never take
negative r/r trades just like i don’t be
odds-on horses
[09:37 am] doji : NFLX running again
[09:38 am] apple : i am just watching it and
😉
[09:38 am] joeytsa : WTW still strong
[09:39 am] apple : are u in it?
[09:39 am] doji : AGP
[09:39 am] joeytsa : not me apple
[09:39 am] apple : me neither
[09:40 am] joeytsa : doji: keep Mitch’s
words in your head..” odds on your side “
[09:41 am] joeytsa : if you stick to 3:1,
4:1 type trades…you can make nice money
being right only 33% of the time…dollars
being equal
[09:41 am] doji : FMCN at lod[09:42 am]
joeytsa : BIDU = pig
[09:43 am] skydiver : Good lesson joey on
odds – thnx – still lots to learn 🙂
[09:43 am] joeytsa : years of horseracing
🙂
[09:43 am] doji : News: NFLX is the best
performing stocks of the SPX so far in
2012!
[09:44 am] joeytsa : nice
[09:44 am] doji : up nearly 23%
[09:45 am] joeytsa : last thing on odds, if
you decide to take a small odds play you can
always use a smaller lot, and on the flip
side use a bigger lot on your better odds
plays…especially if the trade makes
sense
[09:46 am] joeytsa : study your trading
journal to see if that works for you
[09:46 am] apple : so true joey…
[09:46 am] apple : i will
[09:46 am] skydiver : interesting joey –
thnx again
[09:46 am] joeytsa : your trading journal is
the best trading book you can read
[09:47 am] skydiver : I’ll start paying more
attention to it now!
[09:47 am] joeytsa : sky: goal is to
maximize your winning trades…allows you to
be real dumb on a few haha[09:47 am] skydiver
: and I know all about being “real dumb”
🙂
[09:47 am] joeytsa : so you read my book
haha[09:47 am] skydiver : 🙂
[09:51 am] doji : I am closing 1/2 short in
AGP here at around 38% retracement
[09:52 am] joeytsa : nice call on AGP
[09:52 am] doji : will trail the second half
as stop but has two 1/4 limit orders at 50%
and 62% retracements… we’ll see
[09:52 am] doji : Thanks Mitch1
[09:52 am] joeytsa : doji: still following
SINA?
[09:53 am] doji : Yes Joey, right on my
screen
[09:53 am] chinhngo : jazz
[09:53 am] joeytsa : good job
[09:53 am] joeytsa : want to see BIDU bust
below 120
[09:53 am] chinhngo : on agp ?
[09:56 am] joeytsa : BIDU with the old okie
doke, still don’t trust it
[09:57 am] doji : Thanks Joey, have both
side by side SINA and BIDU
[09:57 am] khall : thanks for AGP Mitch
[09:57 am] skydiver : doji – nice one on AGP
– just got back from getting coffee and
looking for something sweet – but cupboards
are bare
[09:58 am] apple : today’s been great!
[09:58 am] doji : Specially with FMCN right
Apple?
[09:59 am] apple : that was good too,
doji[09:59 am] rusty : JAZZ pulling back
[09:59 am] joeytsa : BIDU making a
multi-bottom at 120
[10:00 am] joeytsa : on the 1m chart
[10:00 am] doji : INHX has a track record of
moving up a lot
[10:01 am] doji : but not enough money so
far
[10:01 am] doji : See that Joey
[10:02 am] joeytsa : on INHX?
[10:02 am] doji : on BIDU multi-bottom at
120
[10:02 am] victor51 : INHX spike, thanks to
Najarian[10:02 am] joeytsa : i want to see a
break below 120
[10:03 am] doji : Yes
[10:04 am] joeytsa : Reggie Middleton seems
like a smart guy, not the greatest orator
though…
[10:04 am] joeytsa : he was on CNBC on
tues[10:05 am] apple : LULU hod[10:06 am]
joeytsa :
http://www.zerohedge.com/contributed/reggie-m
iddleton-sets-cnbc-fire
[10:06 am] doji : SINA short gunslings would
be here 5 to 1 Joey using the pivots as S/R?
My only concern however is the 50
resistance… so I’ll wait until it break
below 50 with strong volume
[10:07 am] joeytsa : or don’t gunsling 🙂
[10:08 am] skydiver : yes – gunslinging can
cause you to shoot your foot if not careful
🙂
[10:08 am] doji : Just trying to understand
and apply the “gunslings” concept…
[10:08 am] joeytsa : don’t apply them
hahah[10:08 am] joeytsa : wait for the good
setups
[10:09 am] doji : combined with other S/R
levels and how the SPY moves
[10:09 am] skydiver : takes many years of
shooting jack rabbits as a kid to gunsling as
an adult 🙂
[10:09 am] joeytsa : i don’t like a SINA
trade here
[10:09 am] joeytsa : it’s not a strategy
[10:10 am] doji : Fair enough… just trying
to understand the reasoning, if any, behind
it and see when it makes sense to use it
[10:10 am] doji : nothing else
[10:10 am] joeytsa : when i used the term
gunsling earlier, it was just for info IF you
had entered WTW at that moment
[10:10 am] joeytsa : gunslinging should
rarely be used
[10:11 am] skydiver : agreed joey — stay
within one’s rules and discipline
[10:11 am] joeytsa : old term i used when i
had to hit an uptick to short
[10:11 am] qwert : ed what is your entry
price for inhx short
[10:11 am] mikewd2 -: wow TS much higher on
commissions if you sell a few 1000s shares
[10:11 am] joeytsa : BIDU very stubborn at
120…
[10:12 am] joeytsa : either going to make a
strong support line, or a really nice short
on a break below
[10:12 am] mikewd2 -: guess i need to use
etrade on those trades
[10:13 am] skydiver : but mike – if you
trader several million shares, TS might give
you a break?
[10:13 am] joeytsa : haha[10:14 am] skydiver
: and here I am trying to simply make $1000
– $2000 per day (for now 🙂
[10:15 am] mikewd2 -: me too sky
[10:15 am] skydiver : Make note to self —
raise my goal bar —
[10:16 am] doji : There is a big order at
120.1 on Level II on BIDU
[10:16 am] qwert : it’s been chipping away
at that 120.1 doji[10:16 am] joeytsa : big
buy at 120 also
[10:16 am] lisas : Mike, if I remember
correctly, you can change your pricing method
with TS for shares. What I don’t know is if
they automatically give you the best rate for
the way you trade, or if you need to tell
them which you prefer. Been a long time since
I looked at that
[10:17 am] Ed : u must tell them, i found out
the hard way
[10:17 am] joeytsa : looks like 120 will
hold for now
[10:18 am] chinhngo : can i short wtw at
69.00?
[10:19 am] joeytsa : chin: can or should? i
wouldn’t until it fails
[10:19 am] mhaus : ESI
[10:19 am] doji : Chingo WTW is too strong
today
[10:21 am] chinhngo : thank doji how about
sell call jan at 70 try to get some
premium?
[10:22 am] skydiver : Nice Ed on INHX
[10:22 am] joeytsa : you like risk chin
huh
[10:22 am] skydiver : fun to watch the pro’s
work — some day — Pro skydiver — (i’ll be
125 years old by then 🙂
[10:23 am] chinhngo : wtw go up too much for
couple days so far
[10:23 am] doji : Chinggo, Joey is the
master on that… but as long as I remember
selling naked options is best only on extreme
buying/sell-off markets
[10:23 am] joeytsa : it always looks like
that now…if it shoots to $100 on monday,
today’s price will look really low
[10:24 am] chinhngo : thank doji and joey
[10:25 am] joeytsa : just don’t want to see
you get hurt…not saying that your trade is
wrong or might work
[10:25 am] doji : SINA and BIDU moving
up…
[10:25 am] skydiver : wow – I almost forgot
I still have a piece left in SINA Long
[10:26 am] skydiver : all out of SINA long
now – 50.98
[10:26 am] joeytsa : BIDU in no-mans lands
for me right now
[10:27 am] skydiver : bought originally at
50.20
[10:27 am] skydiver : long
[10:27 am] Ed : joey u bring back memories,
in 96/97 I just learn about selling options,
and kept selling calls in a strong schwab
stock
[10:27 am] Ed : let’s just say it was quite
the learning experience
[10:28 am] skydiver : Sounds like you made a
fortune ED 🙂
[10:28 am] Ed : lol[10:28 am] joeytsa : Ed:
now if it was a covered call, then that’s a
decent income strategy
[10:28 am] Ed : i made someone a fortune
[10:28 am] skydiver : ah —-
[10:28 am] joeytsa : cc’s were my swing
plays for a time
[10:29 am] Ed : correct
[10:29 am] joeytsa : buy stock, let it move
up then sell the calls
[10:29 am] joeytsa : worked great back
then..bull market
[10:29 am] joeytsa : also bull put spreads
were great
[10:29 am] mikewd2 -: i would sell cc’s and
the stock would just keep going up.
[10:30 am] Ed : i was forcing my logic on the
markets,, not good
[10:30 am] joeytsa : that’s ok mike, just
get back in the next month
[10:30 am] mikewd2 -: i usually sold a few
months out
[10:30 am] joeytsa : yeah…that’s why i
became a reactive trader instead of trying to
be a predictive trader
[10:30 am] skydiver : So — using one’s will
power to make a stock doesn’t work — that’s
where I’m going wrong
[10:30 am] joeytsa : too far for cc’s
[10:30 am] skydiver : move
[10:30 am] Ed : u have to leave it at the
door
[10:30 am] joeytsa : now with weeklys..it’s
a different story
[10:30 am] mikewd2 -: yeah
[10:31 am] joeytsa : you can buy the 3month
out and sell the weeklys every friday[10:31
am] joeytsa : just another twist
[10:31 am] mikewd2 -: WTW turning over?
[10:31 am] joeytsa : plus most
importantly..you can avoid cc’s during
earnings releases on the stocks with
weeklys[10:32 am] skydiver : Never have done
the options market — yet — studying though
— this discussion is helpful
[10:32 am] joeytsa : can be very
confusing
[10:33 am] skydiver : News from Business
Insider – US Navy rescues an Iranian fishing
vessel from pirates
[10:33 am] joeytsa : yeah, saw that earlier
sky
[10:33 am] rusty : SYMC source code
http://webcache.googleusercontent.com/search?
q=cache:zTrV7-eEnVQJ:pastebin.com/ciExRzr3+&a;
mp;amp;cd=2&hl=en&ct=clnk
[10:37 am] victor51 : Joey, which trading
journal you were referring
[10:44 am] skydiver : BIDU – been
climbing
[10:44 am] joeytsa : sky..hit the 121.30
pivot, slight pullback, look for a move above
that
[10:52 am] rusty : LMLP worth putting on
radar based on daily chart
[10:54 am] mhaus : WTW
[10:55 am] jimmyp : 11 pacific time crack of
nflx? [10:55 am] yves : WTW for long or
short Mhaus?
[10:56 am] mikewd2 -: i’m short WTW at
69.00
[10:56 am] doji : SPY moving up
[10:56 am] doji : approaching hod[10:57 am]
skydiver : nice mikewd2 on WTW
[10:57 am] doji : News: Job data shows
healing economy… Obama
[10:57 am] apple : this is going to be a
great year!!!
[10:57 am] yves : Mike let me know when you
exit WTW
[10:57 am] mhaus : yves, I just scan for the
stocks and give a heads up. You watch the
charts and decide. Mostly, this is for
advanced traders.
[10:59 am] rusty : KMR daily chart worth
watching
[11:00 am] apple : AGP was excellent
[11:01 am] chinhngo : short ctxs at 61.24
[11:02 am] skydiver : KMR daily chart quite
interesting rusty – thnx —
[11:04 am] doji : AGP another 1/4 out
[11:04 am] doji : 50% retracement
[11:04 am] doji : will trails last 1/4
[11:04 am] skydiver : nice job doji on
AGP
[11:04 am] mikewd2 -: nice doji[11:04 am]
khall : good trade doji[11:05 am] mikewd2 -:
ready for the next leg down on WTW
[11:06 am] doji : WTW
[11:07 am] doji : volume spike
[11:07 am] joeytsa : sky: i see BIDU never
crossed and held that 121.30 level
[11:07 am] mikewd2 -: out half WTW 67.75
[11:07 am] joeytsa : chin: nice call on WTW
short earlier
[11:08 am] mikewd2 -: yves, you still short
WTW?
[11:08 am] apple : mike you are the man — i
did not trade it
[11:08 am] mikewd2 -: this is first trade
today on WTW, learned from yesterday 0/3
before the win
[11:09 am] Ed : trenders take a while before
topping but can be great
[11:09 am] apple : right… i remember,
patience — i learned that yesterday the hard
way with WTW
[11:10 am] joeytsa : agree ed, and once it
failed and proved it, it turned into a nice
short
[11:10 am] apple : sweet
[11:10 am] Ed : i paid tuition b4 to learn
that one also
[11:10 am] joeytsa : hope it wasn’t as much
as mine 🙂
[11:11 am] Ed : not as much as tuition in
options
[11:12 am] joeytsa : i was lucky on that
part
[11:12 am] Ed : had a lot of those days
also
[11:12 am] yves : Mike are you still short
WTW? [11:14 am] mikewd2 -: i sold half at
67.75
[11:14 am] apple : nice mike
[11:15 am] mikewd2 -: u still in?
[11:15 am] joeytsa : nice price mike
[11:18 am] apple : CTXS was nice thx
[11:19 am] jimmyp : so much for crack in
nflx[11:19 am] mikewd2 -: yves, my stop on
last half WTW is at b/e[11:19 am] apple :
jimmy, i am very happy 😉
[11:20 am] mikewd2 -: wow, new hod on
nflx[11:21 am] jimmyp : good for you. it
looked liked it wanted to go down
[11:21 am] mikewd2 -: another lower high on
WTW?
[11:22 am] joeytsa : good eyes mike, esp if
it breaks 68
[11:23 am] joeytsa : the last 2 lower highs
were on higher indi readings on WTW
[11:25 am] joeytsa : AAPL hod[11:26 am] doji
: CTXS still strong
[11:26 am] khall : it would seem that WTW is
following a pattern similar to yesterday
[11:27 am] doji : AAPL must be moving on
portfolio re-allocation by MF managers
[11:27 am] joeytsa : lots of talk on AAPL
and new product i think too
[11:28 am] qwert : dks lod[11:28 am] apple
: yeah, joey, something to do with sports,
didn’t read about yet
[11:28 am] joeytsa : i think a new phone
version maybe also
[11:28 am] jimmyp : nflx crack now,
11:30?
[11:29 am] joeytsa : NFLX tricky looking
chart
[11:29 am] jimmyp : seems at some point the
longs go to the beach for the weekend
[11:29 am] doji : NFLX still above support
trendline[11:30 am] doji : that started at
10:00AM ET
[11:31 am] joeytsa : mike, nice call on WTW
lower high
[11:32 am] jimmyp : I will get short this go
round if it does not make a new high
[11:32 am] doji : CTXS at resistance
[11:33 am] jimmyp : could be the perfect
reason to stay long!
[11:35 am] joeytsa : doji: on CTXS, do you
see what i see
[11:37 am] joeytsa : BIDU coming into the
vwap off the 121.30 push thru
[11:38 am] doji : I got 121.30 as the 200 MA
on the 1min chart Joey
[11:38 am] doji : VWAP=121.87
[11:39 am] apple : i got same only penny
differences
[11:40 am] joeytsa : I’m close to those
[11:43 am] apple : BIDU on vwap[11:43 am]
apple : broke
[11:44 am] joeytsa : doji: after hours check
out the CTXS chart between 10-11:30 pst[11:44
am] apple : look at AGP break
[11:46 am] joeytsa : so lightspeed charts
can only be set to eastern time
[11:46 am] apple : i am looking at it now
joey
[11:46 am] apple : there is no other
time!
[11:46 am] joeytsa : BIDU tumble
[11:47 am] lightning : Yes, I set e-signal
to eastern as well.
[11:47 am] joeytsa : i have my esig on pst,
very happy with esig by the way
[11:48 am] lightning : glad to hear it
[11:48 am] joeytsa : only thing i don’t like
is at the market open..lines are little
clunky
[11:48 am] khall : SINA trying to break 50
again
[11:48 am] doji : SINA SINA SINA[11:49 am]
doji : NFLX broke trendline support also
[11:49 am] mikewd2 -: come on down WTW you
can do it
[11:49 am] joeytsa : sure did, said the
chart looked tricky to me
[11:50 am] joeytsa : CTXS broke a bit
higher
[11:50 am] doji : By the way still watching
CTXS… for short
[11:50 am] joeytsa : if it can hold here,
might try to close gap
[11:51 am] mh : sina[11:51 am] doji : SINA
didn’t need BIDU to break 120 to fall below
50
[11:52 am] doji : 50 was broke with a pick
on volume
[11:52 am] apple : thx MK, K, B, E and
everyone for a wonderful day. All have a
fabulous weekend! see you on monday.
[12:01 pm] victor51 : Joey, How much luck
plays role in Day trading assuming you have
good tools and basic knowledge
[12:01 pm] joeytsa : in CTXS long, small
stop
[12:02 pm] joeytsa : risking 8cents to try
and shoot for $1
[12:02 pm] joeytsa : will trail up
[12:02 pm] murano : CVH
[12:05 pm] doji : NFLX dropping
[12:06 pm] jimmyp : cracks in the streaming
armor
[12:06 pm] zentrader : WBMD
[12:06 pm] doji : SiNA moving nice down
[12:07 pm] joeytsa : losing patience
already
[12:07 pm] doji : on what Joey?
[12:07 pm] doji : CTXS?
[12:07 pm] joeytsa : CTXS…in at 62.01
[12:08 pm] joeytsa : market looks like it
wants to head down
[12:08 pm] qwert : nice joey
[12:08 pm] joeytsa : doji: see my 12:01
post
[12:09 pm] joeytsa : victor: sorry i didn’t
see your post…i don’t believe in luck
[12:09 pm] doji : I know you are long in
CTXS. I am watching the other side….
short
[12:09 pm] joeytsa : i liked the odds, not
sure i made the correct call at the correct
time though..still a profit though, was a
good odds play
[12:10 pm] joeytsa : about 12:1 r/r
[12:10 pm] doji : My eyes are on SINA short
right now
[12:10 pm] skydiver : nice odds joey
[12:10 pm] qwert : joey did you go in full
position
[12:11 pm] joeytsa : yeah
[12:11 pm] joeytsa : taking some off
[12:11 pm] joeytsa : all out
[12:12 pm] joeytsa : small bucket drop, lost
patience..might try again
[12:13 pm] joeytsa : would have stayed in
but felt the market wants to drag down
[12:14 pm] qwert : i think your right after
all it is a friday[12:14 pm] joeytsa : more
like ” how many mistakes can be made on 1
trade…let me count the ways”
[12:15 pm] derns : joey…what gives you the
sense the market wants to go down? Is it
sentiment or do you see an indicator?
[12:15 pm] joeytsa : my ES charts have been
trending down since just before 11am
pst…mistake #1 was that i should have kept
that in mind
[12:16 pm] qwert : doji are you short
sina[12:16 pm] doji : Derns, for me, it is
all the bad news from EU that can develop
during the weekend and also before the
pre-market on Monday
[12:16 pm] joeytsa : mistake #2 : not
letting the trade play out
[12:16 pm] doji : Yes Qwert[12:16 pm] qwert
: nice
[12:16 pm] derns : thx…Joey…I feel the
same way, just surprised how resilient the
market has been.
[12:16 pm] doji : Are you Qwert?
[12:16 pm] khall : I’m short SINA as well
[12:17 pm] derns : Joey..what symbol do you
use to follow the ES?
[12:17 pm] qwert : no i wish but it has
been a very good day
[12:17 pm] doji : I shorted at 50.5 after
the multiples top
[12:17 pm] joeytsa : ES
[12:17 pm] khall : great time to get in
doji[12:17 pm] joeytsa : it’s the s&p
emini future
[12:17 pm] doji : ES is the mini SPX
[12:18 pm] joeytsa : both my short and
longterm ticks are pointing down
[12:18 pm] doji : On the TOS platform it is
/ES
[12:18 pm] derns : oh…that doesn’t work on
esignal. Also, would you consider a swing
long in TZA considering the sentiment?
[12:18 pm] joeytsa : sorry derns…i have
that up on ninjatrader[12:19 pm] derns : no
worries…please remind me..ES refers to the
S&P futures, correct?
[12:19 pm] doji : CTXS holding against the
drop in the market Joey
[12:19 pm] joeytsa : even though i am
streamlined now, i still keep separate
accounts for everything
[12:19 pm] joeytsa : yes..it’s the
emini[12:19 pm] joeytsa : looks pretty
strong doji[12:20 pm] joeytsa : BIDU
weakened
[12:20 pm] doji : Hey Joey, why are they
called the “mini”…
[12:20 pm] doji : Too lazy to check
wikipedia[12:20 pm] joeytsa : it’s for i
think 1/10th of the value of the full
index
[12:21 pm] doji : Make sense
[12:21 pm] joeytsa : mitch’s SPY chart to
the right is around 127.70
[12:21 pm] joeytsa : my tick chart is around
1273.00
[12:22 pm] rusty : CVH radar
[12:22 pm] doji : Joey during market hours
the SPY and the ES trade at the same
proportional (1/10th_ value, correct?
[12:22 pm] joeytsa : just about
[12:23 pm] rusty : covered the rest of
RAM
[12:23 pm] doji : YEs, I just checked…
[12:24 pm] doji : Qwery, did you close SINA?
I was filled at 48.15… right above the
support
[12:25 pm] joeytsa : NFLX coming into a
double-bottom
[12:25 pm] qwert : i wasn’t in sina i said
i wish i was nice trade
[12:25 pm] khall : i was in SINA doji[12:26
pm] doji : Ah Ok… I was “watching” SINA
very closely and it paid off…
[12:26 pm] khall : closed at 48.20
[12:26 pm] joeytsa : nice khall[12:26 pm]
qwert : nice trade khall[12:27 pm] doji :
NFLX break below double bottom
[12:27 pm] joeytsa : mistake #3 on my CTXS
trade…i didn’t look at level3 until after i
entered
[12:28 pm] qwert : hey everybody awesome
day 12 trades 7 winners 1 loser 4
breakeven
[12:28 pm] joeytsa : once i looked i saw
larger sell amounts around the 62.25 area, so
that made me think i had a limited upside
[12:28 pm] lisas : great job qwert[12:28 pm]
joeytsa : great work qwert !!!
[12:28 pm] Ed : nice trading qwert[12:28 pm]
observer : way to go qwert[12:29 pm] qwert
: joey are you getting level 3 from
lightspeed[12:29 pm] joeytsa : yeah
[12:29 pm] mhaus : watching NST
[12:29 pm] doji : Last 30min will be
interesting to see if the market rallies or
sell off…
[12:29 pm] doji : Perhaps neither
[12:29 pm] joeytsa : go to “view” and click
on “books”
[12:30 pm] joeytsa : also add in
time&sales[12:31 pm] joeytsa : in food
speak….the “book” is the menu, “time &
sales” is what actually gets ordered
[12:32 pm] qwert : i use esignal time and
sales
[12:32 pm] joeytsa : haven’t checked that
[12:33 pm] qwert : got that idea from
ed[12:33 pm] joeytsa : book gives you more
than level2
[12:34 pm] joeytsa : CTXS really putting up
a good fight
[12:34 pm] Ed : it’s like the old days of
reading the tape, but new technology
[12:34 pm] joeytsa : exactly ed[12:34 pm]
joeytsa : b4 charts haha[12:35 pm] rusty :
mhaus ty for NST alert
[12:37 pm] rusty : PZZI sudden volume
spike
[12:38 pm] joeytsa : thanks
Mitch,Kris,Brent,Ed, traders for some great
calls
[12:38 pm] derns : enjoy your weekend
Joey..thx again for your insight
[12:38 pm] joeytsa : lots of swing trade
homework to do 🙂
[12:49 pm] rusty : GNC radar
[12:59 pm] mhaus : PAA falling
[12:59 pm] mhaus : 1 minute to the close
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