[06:10 am] Mitch K: how are you guys doing
this morning? have you been
behaving?
[06:11 am] Mitch K: AAP had a
warning back in mid0May, that should give a
headsup to ORLY doji. The
auto part stores were on a hot run for a year
or so
[06:13 am] Ed : good morning
traders
[06:31 am] Ed : watching ETP for
potentio short
[06:31 am] Mitch K:
watching SUPGN again today, mostly long on
big drop
[06:32 am] Mitch K: so it should
give more trades today
[06:32 am] Mitch K:
remember SUPN had a high of 15+ to around 11
yesterday
[06:33 am] Mitch K: watching
LNCR for top to short
[06:34 am] Mitch K:
watching healthcare stocks move up:
UNH, AET, WLP, for tops to short
[06:34
am] Mitch K: watching VECO for
short
[06:35 am] Mitch K: watching PCYC
for bottom to buy
[06:35 am] Mitch K:
watching FOSL for bottom to buy
[06:36 am]
Mitch K: watching SWN for top to
short
[06:36 am] Mitch K: watching for
more buying in ESRX
[06:37 am] Mitch K:
monitoring FB drop
[06:37 am] Mitch K:
watchign FSLR for short
[06:38 am] Mitch
K: watching FINL for another short
today
[06:38 am] Mitch K: watching GNC for
top to short
[06:38 am] Mitch K: watching
APKT for bottom to buy
[06:39 am] Mitch K:
FSLR almost always weak so like shorting
this, tends to drop more than
others
[06:39 am] Mitch K: looking for
under $30 on SWN short
[06:39 am] Mitch K:
also watching other ag-chemical stocks for
top: AGU, IPI, MOS, POT
[06:39 am]
Mitch K: watching MON for short
[06:39 am]
Mitch K: watching CNC for top to
short
[06:40 am] Mitch K: watching HRB for
top to short, soon
[06:41 am] Mitch K:
watching VRTX for bottom to buy
[06:41 am]
Mitch K: watching VALE for bottom, take
time
[06:41 am] Mitch K: watching UA for
bottom
[06:42 am] Mitch K: watching BBY
for bottom to buy
[06:43 am] Mitch K:
watching MSM for bottom to buy
[06:44 am]
Mitch K: monitoring ELX for top, take
time
[06:45 am] Mitch K: ORLY should give
multiple trades today long and
short
[06:45 am] Mitch K: no hurry on
GTI
[06:45 am] Mitch K: watching GTI for
bottom
[06:46 am] Mitch K: monitoring TNGO
for bottom, low vol but good drop
[06:47
am] Mitch K: VECO tends to correct harder
than most, looking for 31.60 or lower for
short
[06:47 am] Mitch K: still watching
LNCR for top
[06:47 am] Mitch K:
healthcare stocks correcting
[06:49 am]
Mitch K: watching SHFL for bottom to
buy
[06:49 am] Mitch K: watching APKT
closer for bottom
[06:49 am] Mitch K:
watching TSCO for bottom to buy
[06:51 am]
Mitch K: take your time before buying bottoms
for longs that are droping
[06:51 am]
Mitch K: this correction real nice for
shorts, take time before covering, i think
these are going to mature a lot
[06:52 am]
Mitch K: consider covering AGU
short
[06:52 am] Mitch K: looking to start
gradaully covering GNC short
[06:53 am]
Mitch K: consider covering FSLR
short
[06:54 am] Mitch K: watchign TTWO
for bottom
[06:54 am] Mitch K: HRB short
idea no good
[06:54 am] Mitch K: UA
bouncing
[06:54 am] Mitch K: consider
covering some of FINL short
[06:55 am]
Mitch K: more downside on LNCR
short
[06:55 am] Ed : be patient on this
one
[06:55 am] Mitch K: watching ZNGA for
bounce soon, low priced one
[06:55 am] Ed
: monitoring SSYS for potential
short
[06:56 am] Mitch K: more downside on
AMRN but need bounce first to short
into
[06:56 am] Mitch K: watching FDO for
bottom to buy
[06:58 am] Mitch K: GNC not
bottommed yet for short
[06:58 am] Mitch
K: monitoring M for bottom
[06:58 am]
Mitch K: watching URBN cowboy for
bottom
[06:58 am] Mitch K: watching CSTR
for top to short
[06:59 am] Mitch K:
monitoring EXK drop
[07:01 am] Mitch K:
watching HZNP for bottom to buy
[07:01 am]
Mitch K: watching ADS for top to
short
[07:01 am] Mitch K: watching CMO for
top to short
[07:06 am] Mitch K: should be
out of GNC short
[07:07 am] Mitch K: more
upside on FOSL bounce
[07:08 am] Mitch K:
nice one on ssys eddie money
[07:08 am] Ed
: consider covern some SSYS if u took
short
[07:08 am] Mitch K: monitoring
ALKS,
[07:09 am] Mitch K: watching for
short on GPC on top of this bounce, looks
like here
[07:15 am] Ed : covering 3/4 ETP
short dont like action will place last 1/4
stop @ breakeven
[07:17 am] Mitch K: SPY
toppy here
[07:17 am] Mitch K: if you took
GNC long consider selling and watch for 2nd
helping short
[07:17 am] Mitch K: consider
selling FOSL long
[07:18 am] Mitch K:
consider selling APKT and possible short
here
[07:18 am] Mitch K: watching MXIM for
2nd helping short, forgot to post first one
to you
[07:18 am] Mitch K: consider
covering remaining LNCR short
[07:19 am]
Mitch K: not sure if i posted MSM but still
more upside for long
[07:19 am] Mitch K:
consider selling UA long
[07:19 am] Mitch
K: that meant to sell APKT long and consider
short
[07:20 am] Mitch K: not much
strength in FDO bounce
[07:20 am] Mitch K:
monitor some of tehse for tops to short after
you close long, like VRTX
[07:20 am] Mitch
K: consider selling most of VRTX here,
getting toppy
[07:20 am] Mitch K: consider
selling TTWO long
[07:23 am] Mitch K:
watching SEE for bottom
[07:23 am] Mitch
K: looking for 66.35 area on CSTR
short
[07:23 am] Mitch K: you guys out of
GTI , wasnt big mover but low priced stock is
deceptive, was a 2% move
[07:25 am] Mitch
K: AMRN toppy for 2nd short
[07:25 am]
Mitch K: consider selling most o fM
long
[07:29 am] Mitch K: watching APOL for
bottom again
[07:30 am] Mitch K: you could
take the profits on this next bottom, that
works too
[07:30 am] Mitch K: watching
AMRN to see if goes to new lows below 14.20
area, will take awhile if it does get
there.
[07:31 am] Mitch K: watching QSII
for multiple trades
[07:35 am] Mitch K:
should be ready in a few weeks eyes, going to
be really fabulous
[07:42 am] Ed : SPY
breaking down from tight range
[07:54 am]
Mitch K: watching FMCN
[07:55 am] Mitch K:
monitoring MKC
[08:04 am] Mitch K:
watching BVSN
[08:08 am] Ed : monitoring
LULU fo potential long no rush
[08:22 am]
Mitch K: watching CMI for bottom
[08:29
am] Mitch K: CMI bottoming
[08:31 am] Ed :
placing stop last 1/2 LULU long at
breakeven
[08:31 am] Ed : reducing 1/2
LULU long plus .30 to get ahead of
trad
[08:35 am] Mitch K: watching
LNCR
[08:41 am] Mitch K: CMI at
top
[09:02 am] Ed : reducing 1/4 of LULU
long
[09:02 am] Ed : reducing 1/4 of LULU
long
[09:37 am] Mitch K: watching
LIFE
[09:40 am] Ed : ARNA haltd news
pending
[09:52 am] Ed : per FDA
[09:52
am] Ed : 1st weght loss drug approved in
13years ARNA
[09:53 am] Ed : this is why
VVUS is up they should do even
better
[09:55 am] Ed : OREX also moving on
the news of ARNA, lower priced
though
[10:10 am] Mitch K: consider
covering LNCR short
[10:18 am] Ed : SPY
consolidating at highs
[10:40 am] Ed : 5
minutes for opening of ARNA
[10:50 am]
Mitch K: watching AGP
[10:54 am] Ed : more
selling in SPY
[11:09 am] Ed : monitoring
ULTA for long no rush
[11:16 am] Mitch K:
watching AAP for short
[11:21 am] Mitch K:
AAP toppy
[11:30 am] Mitch K: monitoring
TIF
[11:30 am] Ed : will pass on
ULTA,
[11:46 am] Ed : SPY trading in small
range
[12:00 pm] Mitch K: TIF turning
up
[12:08 pm] Mitch K: monitoring LNCR
again
[12:11 pm] Mitch K: watching
LIVE
[12:13 pm] Ed : nice breakout in SPY
from tight range
[12:20 pm] Ed : watch AKS
@ near 6.24, has natural resistance at 6
also
[12:25 pm] Ed : if u took AKS short
would cover
[12:27 pm] Mitch K: LIVE and
LNCR getting toppy
[12:37 pm] Ed : OSRI
alert
[12:52 pm] Ed : getting pullback in
SPY
[12:52 pm] Ed : looking for 19.59
final 1/4 short BBY
[12:53 pm] Mitch K:
SUPN toppy
[12:55 pm] Mitch K: unless you
dont care about making more money
[12:55
pm] Mitch K: make sure you track LNCR
tomorrow, going to be good trades on
it
[12:55 pm] Mitch K: good job Eddy
money
[12:55 pm] Ed : out all BBY
short
[12:57 pm] Mitch K: behave yourself
apple, dont do anything i wouldnt
do
[12:59 pm] Ed : have great
evening
[01:00 pm] Mitch K: good trading
day everyone, have a great evening
[01:02
pm] Mitch K: later guys, be good
[01:02
pm] Ed : have great evening tradrs
[01:03
pm] Mitch K: exercise, eat good, sleep a lot
and study
[06:12 am] Mitch K: pretty much
from last August 9th on the market
bottom
| [06:11 am] apple : good morning to all
alert traders
[06:11 am] apple : gm
qwert
[06:12 am] apple : gm
doji
[06:12 am] khall : gm
all
[06:12 am] apple : g,
eddy
[06:12 am] apple : gm
cd
[06:12 am] garyb : Good morning
everyone!
[06:12 am] joeytsa : Good
morning Mitch,Ed traders
[06:12 am]
doji : Thanks Mitch.
[06:12 am]
apple : gm khall
[06:12 am]
doji : Hi Apple, Khall!
[06:12 am]
eddy : hi apple khal doji
joey
[06:12 am] doji : Ji
Joey!
[06:12 am] garyb : Hi Joey
doji apples khall eddy ed Mithc
[06:12 am]
eddy : nd gari Ed:)
[06:13 am]
joeytsa : reports: core mixed, ending
home sales @ 7pst, crude inv
7:30pst
[06:13 am] apple : gm
joey
[06:13 am] doji : 40-day silent
period for FB ended yesterday; stocks
dropped
[06:13 am] joeytsa : gap up:
MON,LEN,AMRN,WPRT,WYNN,AVAV
[06:14 am]
joeytsa : gap down ;
OMER,ORLY,AAP,AZN
[06:14 am] apple :
thx joey
[06:15 am] mikewd2 -: thanks
Joey
[06:15 am] apple : gm
mike
[06:15 am] mikewd2 -: hi
apple
[06:16 am] eddy : hi
mike
[06:16 am] doji : Pending Home
Sales today at 10:00AM and Crude Oil
Inventories at 10:30AM so be
careful
[06:18 am] qwert : wprt a
nice gap up
[06:19 am] apple : thx
doji
[06:21 am] mikewd2 -: autoparts
stores certainly out of favor
rightnow
[06:22 am] scalpman :
ORLY -30
[06:22 am] doji :
Gold futures moving up
[06:24 am]
joeytsa : overnight ES range
1312-1319
[06:25 am] apple : thx
joey
[06:25 am] doji : ORLY lossing
all 2012 gains in the
pre-market….
[06:26 am] joeytsa :
so far, for every 1 company raising
expectations..3.6 are warning
[06:26 am]
skydiver : gm Mitch, Ed, and all the
great traders. Thnx joey for
info
[06:26 am] scalpman : sorry
wrong on ORLY…-16
[06:27 am] apple
: gm sky
[06:27 am] apple :
gmscalp
[06:27 am] skydiver : gm
apple
[06:27 am] scalpman : Hi
apple
[06:27 am] doji : Maybe you
are looking at the future Scalpy…
hahaha
[06:28 am] doji : Indices
moving in pre-market
[06:28 am] doji
: any news?
[06:29 am] apple :
that’s some drop!
[06:29 am] joeytsa
: not seeing any doji
[06:31 am]
doji : Thanks Joey
[06:32 am]
apple : thx MK
[06:37 am]
chinhngo : cmg drop 9 point
[06:39
am] doji : Healthcare stocks
strong
[06:39 am] skydiver : what
happened to DLT
[06:39 am] skydiver
: DLTR?
[06:39 am] mikewd2 -: out ORLY
ln
[06:41 am] joeytsa : nice rebound
in ORLY and SUN
[06:41 am] joeytsa :
SUPN
[06:41 am] skydiver : ok – 2
for one stock split on DLTR – I get it now
🙂
[06:42 am] apple : we missed that
one…
[06:43 am] doji : UNH
reversing
[06:43 am] mikewd2 -: out 2nd L
on ORLY
[06:45 am] joeytsa : good
one mike
[06:47 am] doji :
UA
[06:48 am] mikewd2 -: AAP moving up
also
[06:48 am] skydiver : out 3/4
AAP L
[06:49 am] skydiver : LNKD
been dropping
[06:49 am] doji :
LNKD
[06:50 am] mikewd2 -: out 3rd L on
ORLY – wow, nice $1 bounces
[06:50 am]
apple : NFLXdropping
[06:50 am]
apple : great job mike
[06:50 am]
skydiver : nice Mike
[06:51 am]
scalpman : Al out GNC S
[06:51 am]
scalpman : All out MON
[06:51 am]
skydiver : all out of AAP L
[06:52
am] skydiver : thnx Mitch
[06:52 am]
doji : out 1/2 UNH short
[06:52 am]
apple : thx for the advice MK
[06:52
am] doji : FB
[06:55 am]
skydiver : pending home sales coming up
5 minutes
[06:56 am] apple :
HOG
[06:56 am] apple : thx
sky
[06:57 am] apple : E – SSYS
looks great!
[06:57 am] doji : SSYS
going bananas
[07:00 am] doji : Nice
SSYS
[07:00 am] doji :
short
[07:00 am] joeytsa : pending
homes up 5.9%
[07:00 am] doji : from
R=50.73
[07:00 am] skydiver :
pending merger with Ojet June 11 – wonder if
it’s getting close to the merger?
[07:00
am] skydiver : on SSYS
[07:02 am]
doji : ORLY breakout
[07:02 am]
doji : run ORLY run
[07:03 am]
doji : out 1/4 ORLY long
[07:04 am]
skydiver : FIRE jumped nicely
–
[07:05 am] doji : SPY new hod…
don’t know why it took 5 minutes to react to
the home sales news
[07:08 am]
skydiver : nice one doji on
SSYS
[07:08 am] qwert : ssys awesome
thx Ed
[07:08 am] doji : Yes, thanks
Ed
[07:08 am] skydiver : sorry –
didn’t see Ed posting SSYS – yes Ed nice
one!!!
[07:09 am] Ed : i need to find like
5 of these per day 🙂
[07:09 am]
doji : The chart is on the
board
[07:09 am] skydiver : wouldn’t
hurt my feelings Ed if you did 🙂
[07:09
am] qwert : okay :)))
[07:10
am] eyes : ED what was your
entry
[07:10 am] jsn13 : ed and
qwert, which bar do u guys take SSYS
short?
[07:10 am] apple : your work
is cut out for you… that would be quite
fantastic tho
[07:10 am] apple : SPY
hod
[07:10 am] doji : SPY new
hod…. any news from Europe?
[07:11 am]
mikewd2 -: WPRT signs deal with GM
[07:12
am] apple : doji we think
alike!
[07:12 am] doji : UA heading
to close the gap
[07:13 am] doji :
aggg missed the short in LEN
[07:14 am]
joeytsa : tight range,hearv vol on ES
past 5 minutes
[07:15 am] skydiver :
family calls from Colorado Springs and those
fires side tracked me this morning.
MJissed CRM L
[07:15 am] joeytsa :
CO is a mess
[07:15 am] joeytsa :
prayers out to all there
[07:15 am]
khall : they are safe tho right
sky?
[07:15 am] skydiver : family
reunion there in 2 weeks or so — many
evacuated Flying W ranch burned down last
nite — praying for all
[07:16 am]
skydiver : yes – safe –
[07:16 am]
doji : Watching AMRN
[07:16 am]
joeytsa : saw that, air force
acadmy evacuated
[07:16 am] qwert :
me to doji amrn
[07:18 am] doji :
ARNA down 3%…. hummm
[07:27 am]
murano : APOL
[07:27 am] doji
: 3min for oil inventoires relase; oil stocks
moving…. someone must know
something
[07:27 am] doji : or just
the market maker placing their
traps?
[07:28 am] joeytsa : you
never know doji
[07:30 am] mikewd2 -:
loving ORLY today 5 very successful long
plays
[07:31 am] skydiver : Great
job mike !!! 🙂
[07:31 am] joeytsa :
nice mike
[07:31 am] apple :
excellent mike
[07:31 am] Mitch K: nice
work mike, AAP and GPC are auto parts
related, also bouncing sharply
[07:31 am]
eyes : so when is the indicator going
to be finished
[07:32 am] qwert :
FDO at ld
[07:32 am] qwert : ld=
lod
[07:32 am] eddy : ARNA
Moving
[07:36 am] khall : I can’t
wait!!!
[07:36 am] eyes :
awesome
[07:38 am] victor51 : HZNP
moving. Dangerous but nice ride so
far
[07:40 am] joeytsa : Crude inv
came in at -0.1M, -0.5M forecast, 2.9M
last
[07:41 am] qwert : FDO new
lod
[07:45 am] qwert : ua at
lod
[07:46 am] eyes : ED What candle
you get in on ssys
[07:51 am]
victor51 : hanks Mitch HZNP Holding
1/3
[07:52 am] skydiver : time is up
for me. . see you all tomorrow in the morning
🙂 decent day
[07:53 am] khall
: bye sky 🙂
[07:54 am] apple :
have a great day sky
[07:55 am]
qwert : bye sky
[07:57 am]
eyes : qwert did you get the
setup
[07:58 am] jsn13 : VECO 2nd
helping short watch
[07:58 am] qwert
: which setup eyes
[07:58 am] eyes :
the computer
[07:59 am] qwert : oh
no not yet still researching
[08:00 am]
eyes : well i am going back to Utah
tommorow will be able to trade again on
monday
[08:00 am] Ed : sounds
great
[08:00 am] qwert : awesome
eyes
[08:00 am] qwert : u mean u
dont want to trade off your phone
🙂
[08:01 am] eyes : nope
[08:02
am] eyes : i have a laptop but it is
not the same
[08:03 am] eyes : I
need My battle Station LOL
[08:03 am]
jsn13 : Ed, may i know which bar did u
enter SSYS short?
[08:03 am] Ed : soon as
get chance scanning
[08:04 am] qwert
: yeah i know i will trade off laptop next
week
[08:05 am] eyes : veco made new
high
[08:05 am] eyes : any
thoughts
[08:09 am] eyes : Ed any
thoughts on VECO
[08:09 am] Ed : on veco
would like a move closer to 34 ish area
before considering short
[08:11 am]
eyes : thanks
[08:12 am] eyes
: i was looking at the 3 min 3% move strait
up
[08:15 am] qwert : Ed are you
long lulu
[08:24 am] eyes : are you
qwert
[08:25 am] qwert : yeah small
position at 62.05
[08:25 am] qwert :
dont like the sideways action
[08:26 am]
eyes : how did you get that
price
[08:26 am] jsn13 : opening of
the 11.12 bar eyes…
[08:26 am]
qwert : had limit order
[08:27 am]
jsn13 : signal is a hammer right above
62 potential support..
[08:27 am]
jsn13 : qwert, where did u enter SSYS
short?
[08:28 am] qwert : 49.98 9:59
bar small position
[08:28 am] Ed : yes
qwert very small position also
[08:28 am]
qwert : be nice if lulu get some
traction
[08:29 am] jsn13 : beside
the peak volume bar hitting the potential
resistance, we have no candlestick signal
right? that’s y u go small?
[08:30 am]
qwert : yes jason mostly based on
trading action
[08:30 am] doji : Is
that for LULU Ed?
[08:30 am] qwert :
at least for me
[08:31 am] Ed :
yes
[08:32 am] victor51 : Ed, How
did you select 34 for veco short. Is it
yesterday’s high?
[08:32 am] jsn13 :
ok i see….something like ed’s yesterday
trade on BBY….gotcha…..
[08:32 am] Ed
: oops meant the 33ish area
[08:33 am] Ed
: i have gone number crazy, LOL
[08:33 am]
eyes : Ed what price you get
LULU
[08:33 am] murano :
ROST
[08:34 am] qwert : nice murano
rost
[08:34 am] apple : thx
murano
[08:35 am] doji :
FSLR
[08:35 am] doji : LNCR break
out
[08:37 am] Ed : 62.05
[08:38 am]
eyes : you guys are good I thought we
are suppost to wait for
confirmation
[08:38 am] Ed : i had
confirmation
[08:39 am] qwert : news
on lncr?
[08:39 am] eyes : i
realized the hammer was i wait for the end of
first green candle
[08:39 am] doji :
Takeover chatter
[08:42 am] doji :
Linde may take LNCR
[08:42 am] doji
: Financial Times news
[08:44 am]
doji : Bid is for $40/share so be
careful
[08:44 am] doji : too many
details
[08:49 am] doji : LNCR
consolidating in 1min chart
[08:49 am]
apple : wow LNCR very nice
[08:51
am] jsn13 : Apple did u take it long at
the breakout?
[08:52 am] apple : no
jsn, i would have tho, i had to step away for
my son
[08:54 am] jsn13 : ok if u
were to take it, where would be ur entry and
stop?
[08:56 am] gregsemple2003 : I
just rejoined the room, I remember from one
of the chat logs that Mitch was talking about
a new custom indicator for NinjaTrader?
Could someone tell me how to get started with
that?
[08:57 am] apple : not out yet
greg — MK will announce when it is
available
[08:57 am] gregsemple2003
: ah ok, ty apple
[08:59 am]
victor51 : Mitch, LNCR was even hotter
than HZNP. Is that stock always
volatile?
[09:00 am] eyes : please
post thoughts on lncr
[09:02 am]
gregsemple2003 : the CCI is new to me,
i watched mitch’s videos with the MACD and
stochastics to identify entries… how to
identify entries with the
CCI/volume?
[09:04 am] Ed : needs to break
out of this range eyes
[09:05 am]
doji : Back I missed the whole run in
SLB….agggh
[09:05 am] apple : jsn,
if looked at LNCR chart when MK alerted. on 1
min and you were ready to make a decision,
there was inc. vol at 9:36, :37, I would have
entered on that 9:36 or 9:37 candle, range on
1st 26.54-37
[09:05 am] apple : doji
there will be another…
[09:05 am]
doji : Oil gaping up
[09:07 am]
apple : jsn, one potential target would
be at 28.21 which on daily is where it gapped
down and the range for that day was
28.21-29.03 which could have been another
target
[09:07 am] apple : which is
where it began to consolidate
[09:07 am]
eyes : i am out -34
[09:08 am]
doji : Missed ORLY long also
[09:08
am] apple : there will be
more…
[09:09 am] doji : Not my day
definetely….multitasking is not
helping
[09:10 am] apple : just sit
back, then, relax and observe
[09:10 am]
doji : hahahaha…
[09:10 am]
eyes : that makes two of us
Doji
[09:10 am] jsn13 : thanks apple
nice explanation…
[09:10 am] apple
: u r welcome jsn
[09:11 am] jsn13 :
ur stop would be?
[09:11 am] eyes :
See you all monday Good Luck to all
[09:11
am] doji : I think I’ll follow shark
advise: trade options….not need to stick my
face on the screen the entire day
[09:12
am] apple : better off doji for now,
otherwise too intense
[09:12 am]
apple : buy eyes, have a great weekend,
glad you are back in the saddle
again
[09:13 am] doji : LNKD spike
in price and volume
[09:14 am] apple
: thx doji
[09:16 am] apple : greg,
the CCI acts like a bollinger band
[09:18
am] gregsemple2003 : ok, so basically
read it to see consolidations
[09:20 am]
gregsemple2003 : i mean, times where
the market is quiet then starts to head in a
certain direction?
[09:20 am]
gregsemple2003 : thx for answering n00b
questions btw 🙂
[09:22 am] Ed : also good
for detecting divergence overbought/oversold,
good for reversals
[09:22 am] apple
: agree
[09:22 am] gregsemple2003 :
ah, gotcha thanks
[09:24 am] apple :
confirmation, on TS it colors the dips to
indicate a change
[09:26 am] jsn13 :
LNKD breakout
[09:27 am] apple : MK
do you think CMEDY is a BS
candidate
[09:28 am] apple : thx
jsn
[09:29 am] Ed : thx jason forgot all
about it
[09:30 am] jsn13 : Juz out
half +47 cents…still have half…stop at BE
at 107.32 entered late….
[09:31 am]
apple : good job jsn
[09:32 am]
apple : thx E, makes the pic
clear
[09:32 am] Ed : thats what I was
looking at yesterday when I mentioned 107.21
area
[09:33 am] jsn13 : SPY not
helping much….but still gonna leave my stop
at BE….yup got that from u ed….
[09:33
am] Ed : FB has not gotten there
yet
[09:33 am] jsn13 : still saw it
late….and juz got stopped out…
[09:34
am] jsn13 : ed, how would u have handle
it?
[09:35 am] Ed : handle it just like u
would a short, meaning when ur long look for
same signs if u were going to take it
short
[09:35 am] apple : jsn, i
thought you waiting for the
short…
[09:36 am] jsn13 : i got
the breakout….so did not want to short
it….so u guys took it short
instead?
[09:36 am] Ed : this is area
lookn at for FB, clean breakout with vol over
green horizontal line next days
[09:37 am]
apple : thx E
[09:37 am] doji
: Missed that Ed on FB
[09:37 am]
doji : Can you repeat please?
[09:37
am] apple : MK, how is life treating
you?
[09:38 am] Ed : I like odds on LNKD
breakout
[09:38 am] apple : doji, he
is looking for a break about 33.50
[09:38
am] doji : ok
[09:38 am] apple
: above
[09:38 am] jsn13 : Ed, so ur
entry would be around the smae for LNKD
long?
[09:39 am] Ed : 107.21 on
breakout
[09:39 am] jsn13 : then u
wont short it right?
[09:40 am] Ed : its
also 1st attempt in 15 days so worth watching
see if arrea up hear holds
[09:40 am]
qwert : LNCR new hod
[09:40
am] apple : LNCR still
moving…
[09:40 am] apple : qwert,
we think alike
[09:40 am] Ed : no I would
not short it
[09:40 am] qwert :
:0
[09:40 am] jsn13 : ok thanks
ed…..
[09:41 am] Ed : does not mean wont
provide money on short, but I prefer
long
[09:41 am] apple : thx
E
[09:41 am] apple : it’s pretty
scrong
[09:41 am] eddy : this must
be the FDA decision
[09:42 am] eddy
: we need to e on top of this news on
arna
[09:42 am] jsn13 : me
either…..thanks….try not to fight the
trend…
[09:42 am] eddy : whoever
knows something shout [plesase
[09:42 am]
Ed : “My Man” eddy, I said that in my Denzel
Washington voice
[09:42 am] apple :
lol, i heard you
[09:43 am] doji : I
though I was “you man” Ed….
hahaha
[09:43 am] eddy :
lol
[09:43 am] Ed : lol
[09:43 am]
apple : he has many men…
[09:44
am] apple : a whole army
[09:44 am]
doji : hahaha
[09:44 am] eddy
: no shares to short on ARNA better have fda
aproval so we long 🙂
[09:45 am]
apple : that’s what i was “hoping”
for…
[09:45 am] doji : You will
have to be very quick to catch
it…
[09:45 am] jsn13 : wow LNCR
another breakout above 31….crazy
scrong….
[09:46 am] eddy : if they
have fda aproval ARNA will get min 30%
gain
[09:47 am] doji : SPY almost
1%…
[09:48 am] Ed : LNCR/ESRX
anticipation of ruling from supreme
court
[09:48 am] Ed : ???
[09:48 am]
apple : thx E
[09:49 am]
cdougan : gotta run, Have a great day
traders. And thanks for the great
calls
[09:49 am] Ed : it was quesiton, I
think LNCR is an Obama beneficiary along with
ESRX and UNH
[09:49 am] apple : bye
cd
[09:49 am] apple : have
fun
[09:49 am] Ed : c ys cdougan
[09:50
am] khall : I think UNH is more managed
care, so would be helped if the law is struck
down
[09:50 am] cdougan : take
care
[09:50 am] Ed : interesitng just
reading report also says UNH,ESRX would
benefit per Cramer
[09:50 am] Ed : we
shall see
[09:51 am] apple :
haha
[09:51 am] Ed : thats why Khall and
Cramer get paid the big $$$$$$
[09:51 am]
apple : lol
[09:51 am] khall :
LOL – yeah, right
[09:51 am] apple :
look at VVUS
[09:51 am] doji : LCR
just crazy
[09:52 am] doji :
LNCR
[09:52 am] apple : now that was
a great one!
[09:54 am] eddy :
anyone took vvus i just watched
[09:54 am]
apple : i am waiting for ARNA
[09:55
am] eddy : me 2
[09:55 am]
khall : me too
[09:57 am] eddy
: arna will get halted if it gains 10 % in 5
mns
[10:03 am] doji : Why is VVUS
moving is it’s supposed to do even better
than ARNA?
[10:03 am] doji :
down
[10:03 am] apple : thx E bought
some OREX akready moved .50
[10:03 am] Ed
: VVUS trials were much better than
ARNA
[10:04 am] doji : has dropped
$1 fro his peak already
[10:04 am] Ed :
Also, Im sure as a hedge due to folks who
short ARNA, went long VVUS/OREX to soften the
blow
[10:06 am] eddy : surprisin
that arna is still halted
[10:06 am] Ed :
not saying they did, but it would be a good
hedge if u were short on ARNA
[10:07 am]
jsn13 : apple where did u went long on
OREX?
[10:08 am] apple : just after
E mentioned it — got it at 4.56
[10:08
am] doji : Jason, as long as the news
on ARNA was released for sure
[10:08 am]
doji : as soon as
[10:09 am]
jsn13 : apple, enter at the break of
hod?
[10:09 am] jsn13 : doji what do
u mean?
[10:10 am] doji : You mean
that OREX will benefit from ARNA’s approval
so you should have gone long as soon as the
news were released
[10:10 am] doji :
forget about your indicators
[10:10 am]
apple : truly i was quick, got when i
could after E mentioned it
[10:11 am]
jsn13 : ok thanks apple and
doji….undersatnd….
[10:13 am]
apple : there was a nice little
pullback there
[10:14 am] chinhngo :
IF ARNA APPROVED SO WHAT IS EXPECT HIGH
PRICE? THANK
[10:14 am] apple :
yes
[10:14 am] apple : it would be
positive news
[10:15 am] chinhngo :
HOW HIGH ARNA CAN REACH
[10:17 am]
apple : what do you think? it’s most
recent high before it dropped was about
12
[10:18 am] Ed : depends on many factors
and its anyones guess
[10:18 am]
apple : agree
[10:18 am] doji
: Is that a bad tick in LNCR?
[10:18 am]
apple : been consolidating since
noon
[10:19 am] Ed : yes its bad
tick
[10:19 am] apple : nice drop on
LNCR
[10:28 am] eddy : Is
normal?ARNA still halted?
[10:30 am]
khall : it will resume at 1:45
eastern
[10:30 am] apple : thx,
khall… have been waiting and
waiting
[10:30 am] khall : me too –
they announced it on CNBC
[10:32 am]
eddy : in one hour khal?
[10:34 am]
eddy : hello anyone?
[10:34 am]
eddy : 1 45 eastern is in one
hour?
[10:34 am] Ed : 11 minutes
[10:34
am] apple : no in about 11
min
[10:34 am] eddy : ok
[10:35
am] doji : How do you hadnle this
trade? Do you just place your limit orders at
several levels so you get filled?
[10:35
am] doji : or just wait until the tarde
resumes and place your “market”
order
[10:35 am] doji : Ed,
Joey?
[10:35 am] apple : eddy
eastern EST time is 3 hours ahead of the PST
time posted in the chatroom
[10:37 am] Ed
: different for everyone but I prefer
to observe the action, and see if price will
come to me, be it for long/short helps create
relaxed state
[10:38 am] eddy : i
will just buy market
[10:38 am]
apple : wait for a pullback,
E?
[10:38 am] doji : The only
concern is my connectivity… I may be right
on the direction and price but with this
connectivvity it will be hard to be filled…
we’ll see
[10:38 am] apple : then
put in a limit order if you feel you need
to
[10:39 am] Ed : pulllback or
consolidation
[10:39 am] Ed : Like LNCR,
it offered different spots to long without
chasing
[10:39 am] doji : That is my
plan… just want to get your input without
giving you a pre-conceibed idea
[10:40 am]
Ed : great to see how others do the
do
[10:40 am] apple : haha,
different strokes for different
folks
[10:41 am] apple : this like
waiting to see a race..
[10:41 am] Ed :
oops I need to get my ticket
[10:41 am]
apple : haha
[10:44 am] apple
: nice 1 pt move on OREX, thix E
[10:45
am] apple : like a bat outa
hell
[10:45 am] doji : ARNA
Halted?
[10:46 am] apple : just shot
out of a canon… need to wait now
[10:46
am] doji : Nope
[10:46 am]
khall : geez
[10:46 am] apple
: E is the wise man…
[10:49 am]
apple : all that
anticipation….
[10:53 am] doji :
Keep in mind that ARNA was only 1.92 last
October
[10:54 am] doji : perhaps
most of the FDA approval is already
priced
[10:55 am] apple :
probably
[10:55 am] jsn13 : ed,
could u share with us how u trade ARNA if u
do…thanks….
[10:55 am] apple :
jsn, he mentioned earlier to wait for a
pullback or consolidation which is what it
appears to be doing right now
[10:57 am]
jsn13 : ok thanks….
[10:57 am]
jsn13 : thats what i was
thinking….
[10:57 am] jsn13 :
opening of the bar after doji….
[10:58
am] apple : didn’t end up taking
it
[10:58 am] jsn13 : u took it
ed?
[10:58 am] Ed : ye small
position
[10:58 am] eddy : wat price
ed
[10:58 am] doji : What is your
price Ed?
[10:58 am] eddy : im long
12.04
[10:58 am] jsn13 :
ok….thanks….
[10:58 am] eddy :
where do i place stop?
[10:58 am] Ed :
11.61
[10:59 am] Ed : out at
11.93
[10:59 am] apple : good for
you E
[10:59 am] apple : i am
waiting for a bigger drop at this
point
[10:59 am] doji : Me too
Apple
[10:59 am] Ed : I was too, but
sometimes when I see certain things I go
automatice
[10:59 am] doji :
Lookiging at the tick charts give a clearer
picture
[11:00 am] Ed : autmatic
[11:00
am] apple : and if it doesn’t happen –
NEXT!
[11:00 am] jsn13 : or a
breakout if there is above 12 after
consolidation?
[11:00 am] doji :
Volume has dried out
[11:00 am] Ed : it is
an advance trade though, one can lose or gain
money quickly
[11:00 am] apple :
like i said, next!!!!
[11:01 am]
eddy : i lost my shit in thiis
trade
[11:01 am] eddy :
shirt
[11:01 am] jsn13 : i will juz
watch wont take it….
[11:01 am] Ed : its
an advanced trade if ur not use to best to
not trade them at all
[11:01 am]
apple : watching ULTA
[11:01 am] Ed
: hope u trade it small eddy
[11:02 am]
eddy : no huge
[11:02 am]
aussie123 : Darn…never thought of
it…but the smart play mzy have been to
short weight watchers???
[11:02 am] Ed :
case in point I am use to trading them and I
still take small position on those
FYI
[11:02 am] apple : oh, eddy, you
will have to learn the hard way….
[11:02
am] apple : nice one, aussie
[11:02
am] Ed : smaller than my normal
position
[11:03 am] doji : I got
filled at 11.34…. trading my stop
however
[11:03 am] doji : just above
the previous pivotlow….
[11:03 am]
qwert : nice doji
[11:03 am]
apple : how can you get smaller than
1?
[11:03 am] apple : lol
[11:04
am] apple : good one doji
[11:04 am]
qwert : hahaha
[11:04 am] Ed :
.543210
[11:04 am] qwert : 1/2
share
[11:04 am] apple :
haha…..
[11:04 am] Ed : right
[11:04
am] doji : hahaah
[11:05 am]
doji : Now I just need to follow Apple
advise: watch and relax…
[11:06 am] Ed :
thought she said relax and watch
[11:06
am] doji : I like both ways…
hahah
[11:06 am] apple : nice trend
up on AAP today
[11:06 am] Ed : 🙂
j
[11:07 am] apple : nice trend up
onAAP today
[11:07 am] doji :
ESRX
[11:07 am] doji : UNH reversed
also
[11:07 am] doji : same with
ULTA
[11:08 am] doji : Just moved my
stop above breakeven… I’ll keep it until
before the market closes
[11:09 am]
doji : ARNA on conference
call
[11:10 am] doji : Nice rebound
on LNCR, it held 30
[11:11 am] apple
: very nice
[11:18 am] khall :
Falcone charged with securities fraud by
SEC
[11:18 am] eddy : ed tell me
something .if arna was halted how cud it have
been so high after the halt.who cud have
bought?
[11:19 am] khall : eddy,
probably some high frequency trader work
going on there
[11:19 am] doji : The
market makers move the bid/ask prices at its
own discretion I’ll guess
[11:19 am]
doji : and then traders who place order
at certain levels got filled
[11:20 am]
eddy : orex
[11:20 am] eddy :
going down
[11:33 am] doji : What is
going on with MNST?
[11:33 am] doji
: same as ORLY?
[11:34 am] Ed : little
sick
[11:34 am] gub : cmg lost a lot
today also.
[11:34 am] doji :
Little? That is a lost of over 5%
[11:35
am] Ed : alright lot sick
[11:35 am]
doji : well, not as much as ORLY
although
[11:35 am] doji : hahahaah,
Ed, you are “the man”…
[11:35 am] Ed :
lol
[11:35 am] gub : people are
getting tired of Mexican food I
guess.
[11:35 am] doji : You must be
Peruvian
[11:35 am] Ed : in my 2nd life I
was
[11:42 am] apple : ULTA looks
like it was sleeping….
[11:47 am]
khall : I was just going to comment on
that apple
[11:48 am] apple : i had
lost my connection – but we think alike
khall
[11:49 am] Ed : beautiful minds
think alike
[11:49 am] khall : awww
– aren’t you sweet?
[11:49 am] apple
: lol, you got that right, my
friend
[11:49 am] apple : he
is
[11:53 am] apple : CMEDY went
from 8.20 to 11.27 today
[11:55 am]
apple : PANL also had a nide 2.5 pt
move
[11:56 am] mikewd2 -: ty
apple
[11:57 am] apple : SUPN is
below its open at 12.56
[11:57 am]
apple : MNST making a nice
move
[11:59 am] joeytsa : nice
rebound apple
[11:59 am] mikewd2 -: how’s
TS going for you Joey
[12:00 pm]
joeytsa : i keep switching things
around hahah
[12:00 pm] joeytsa :
wish i had 12 monitors 🙂
[12:00 pm]
apple : about a point, not bad for this
time
[12:00 pm] mikewd2 -: good – get it
right
[12:00 pm] sakii : PANL
moving
[12:00 pm] joeytsa : a few
things i cant find on TS i will use
lightspeed and madscan for…
[12:01 pm]
joeytsa : so resizing things, moving
things aroud the monitors
[12:01 pm]
doji : MNST nice 1 point move
[12:01
pm] apple : you still have
LS?
[12:01 pm] joeytsa :
yeah
[12:01 pm] apple : I am still
getting used to TS, like it much
better
[12:01 pm] joeytsa :
lightspeed links to madscan, when i see
a quick mover, i can dbl click to load an ls
chart..see if its worth it
[12:02 pm]
apple : now ARNA is dropping, near
where it opened recently?
[12:02 pm]
joeytsa : CNC quick spike
[12:02 pm]
apple : i know. i did like the
risers and fallers on LS and madscan
too
[12:02 pm] joeytsa : 60-70
cents
[12:02 pm] joeytsa : yeah,
worth keeping it just for that
[12:03 pm]
mikewd2 -: UVXY hod
[12:03 pm] apple
: i closed my account…
[12:04 pm]
joeytsa : plus wth lightspeed, it tells
you the short status of the stock
[12:04
pm] joeytsa : in the mm
window
[12:05 pm] apple : right,
liked that as well
[12:05 pm]
joeytsa : plus if TS doesnt have shares
to short, i still have LS as a
backup
[12:06 pm] joeytsa : havent
really dug into the TS hotlists/radarscreen,
but seems like madscan blows them both
away
[12:06 pm] Ed : was a nice move in
MNST dont know if mentioned it although put
chart up
[12:07 pm] apple : thx, E,
almost quittin time…
[12:07 pm]
jsn13 : ed, where were ur entries on
PANL and MNST?
[12:08 pm] Ed : 77.72 and
35.11
[12:08 pm] jsn13 : 2.34pm on
MNST?
[12:08 pm] jsn13 : 77 or
70.72?
[12:08 pm] Ed : not sure i removed
the charts
[12:09 pm] jsn13 : no
prob….
[12:09 pm] Ed : must be
70.72
[12:09 pm] jsn13 :
thanks…
[12:10 pm] jsn13 : if can
may i know the time later? thanks…for panla
nd mnst…
[12:10 pm] Ed : k
[12:10 pm]
jsn13 : *panl
[12:10 pm] Ed :
lnap*
[12:10 pm] jsn13 :
haha
[12:11 pm] apple : pay
attention
[12:11 pm] jsn13 : aple,
besides tarding, do u have other
job?
[12:11 pm] Ed : yes MISS Apple,
notice I used Miss since ur soo
young
[12:11 pm] apple : that ULTA
was a slow mover but it did move
[12:12
pm] khall : yes, and it’s still
going!
[12:12 pm] Ed : did not have
patience to wait for that one to
setup
[12:13 pm] doji : SPY
moving
[12:13 pm] doji :
New?
[12:13 pm] doji :
News?
[12:14 pm] Ed : have not heard
anything
[12:17 pm] apple : AKS
littlle stock moving
[12:18 pm] doji
: Two days already the SPY has moved
up….
[12:20 pm] apple :
thx
[12:21 pm] khall : wow apple –
are you in ULTA? Thanks for the heads
up on this
[12:22 pm] doji : SPY
approcahing hod
[12:23 pm] apple :
up about a point khall, pretty good
[12:23
pm] khall : yes, me too!
[12:30 pm]
mikewd2 -: WFT hod
[12:30 pm] apple
: thx mike
[12:32 pm] apple : SLD
moving today
[12:33 pm] victor51 :
Lisa are you there
[12:33 pm] mikewd2 -:
did u mean SLB, apple?
[12:33 pm]
khall : victor, she has family in town
and I think left
[12:34 pm] apple :
CAB broke out today
[12:34 pm] apple
: SHLD, mike
[12:34 pm] apple : she
did khall, you are right
[12:35 pm]
victor51 : thanks Khall
[12:35 pm]
khall : welcome
[12:35 pm]
apple : SLB had a nice day as well,
broke out on daily
[12:36 pm] mikewd2 -:
doji must be working today
[12:36 pm]
victor51 : Would like to hear your
experinceif you trade from chats on
TS
[12:36 pm] victor51 : I mean
charts
[12:37 pm] mikewd2 -: bought
AGQwith plans to swing this morning – not
looking for hugh profits
[12:38 pm]
mikewd2 -: OSIR
[12:40 pm] doji :
Mike, are you still heavy on oil
stocks?
[12:41 pm] joeytsa : victor,
im working on chart trading with TS now
actually
[12:41 pm] mikewd2 -: yes but
took some profits on some FST today
[12:41
pm] joeytsa : seems to work a lot like
ninjatrader’s chart trading
[12:42 pm]
mikewd2 -: i bought alot of FST down in the
6.3-6.5area and now selling as it moves over
7
[12:42 pm] doji : Good because the
party won’t last long
[12:44 pm]
apple : nice mike
[12:45 pm]
apple : how do you like it, joey.
haven’t tried it yet
[12:45 pm]
joeytsa : so far seems cool, just
getting used to things
[12:45 pm] mikewd2
-: u still sim trading joey?
[12:46 pm]
joeytsa : need to set up the oco/oso
with it
[12:46 pm] apple : have you
used optionstation?
[12:46 pm]
joeytsa : yeah mike
[12:46 pm]
joeytsa : getting used to the chart
trading, use ctrl for buys, alt for sells
with the left cl
[12:47 pm] joeytsa
: quick trade bar is kind of cool
also
[12:47 pm] mikewd2 -: i liked the
quicktrade bar when you showed me
yesterday
[12:47 pm] mikewd2 -: although
didn’t use it today
[12:48 pm]
joeytsa : i havent yet either,
but its SOOO much easier to see the
spread
[12:49 pm] joeytsa : fyi :
when you place a trade with the Quick Trade
Bar it shows up on the matrix
[12:50 pm]
mikewd2 -: TIF finaly moving after i dumped
long for small gain
[12:50 pm] mikewd2 -:
getting some vol
[12:51 pm] joeytsa
: MNST nice couple moves the past hour or
so
[12:51 pm] doji : Too late on the
day althought… keep on the watch list for
tomorrow
[12:51 pm] qwert : same
here mike on tif
[12:51 pm] apple :
is the quick trade the regular one at the
top, or is it something different
[12:51
pm] joeytsa : quick trade, right click,
go to create..its in there
[12:51 pm]
apple : thx
[12:52 pm] joeytsa
: easier to see bid/ask…i didnt subscribe
to for market depth, did anyone
here?
[12:53 pm] Ed : no thats why i have
u guys/gals
[12:53 pm] apple :
haha
[12:53 pm] doji : Good night
fellas… hope I can connect for the first
hour in the morning…. have tons of work to
do
[12:53 pm] joeytsa : haha, maybe
the matrix can fill in some info?
[12:54
pm] apple : cool joey, will play with
it later
[12:54 pm] jsn13 : ed, can
i know bout ur entry time for PANL and MNST
earlier?
[12:54 pm] apple : have fun
working, doji!
[12:54 pm] joeytsa :
bye doji
[12:55 pm] apple : we will
thx MK have a great evening
[12:55 pm] Ed
: 2:34 on mnst and 3:02 panl
[12:56 pm]
joeytsa : thanks Mitch
[12:56 pm]
qwert : bye everybody wow awesome
calls today thx cya in the am
[12:56 pm]
Ed : c ya qwert
[12:56 pm] jsn13 :
thanks alot ed….
[12:56 pm] apple
: thx MK, E and everyone. have a fun
evening. see you tomorrow
[12:56 pm]
Ed : c ya apple
[12:57 pm] khall :
bye guys
[12:57 pm] apple : bye
khall
[12:57 pm] Ed : c ya
kkkkkhall
[12:57 pm] apple : go to
music class this evening….
[12:57 pm]
joeytsa : what music class
apple?
[12:58 pm] apple : robert,
last of the season, piano and
guitar…
[12:58 pm] Ed : piccolo
class
[12:58 pm] apple : he also
plays the recorder
[12:58 pm]
joeytsa : nice
[12:59 pm] mikewd2 -:
out UVXY 12.05
[12:59 pm] apple :
now, if i could only get him to practice —
he is quite good and memorizes
everything
[12:59 pm] Ed : nice
[12:59
pm] apple : good one mike
[12:59 pm]
mikewd2 -: +0.35
[12:59 pm] joeytsa
: its all about practice
[01:00 pm]
apple : i need to remember to set
alerts
[01:00 pm] joeytsa : bye
Ed
[01:00 pm] mikewd2 -: figured it would
go one way or the other last 20
mins
[01:02 pm] victor51 : Thanks
Joey. I think chart will help move quickly.
Do you agree? I will be practicing in
sim
[01:03 pm] joeytsa : i like the
click/drag aspect of it
[01:03 pm]
joeytsa : but matrix does the same
thing, just not on the chart
[01:03 pm]
joeytsa : Thank you Mitch..same to
yu
[01:03 pm] joeytsa :
you
[01:03 pm] victor51 : Thanks
Mitch, Ed and the whole gang
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