| (05:31 am) JoeyTSA :levels/CL 100.70-101.00;
/ES 1973-1977; /NQ 3930-3940
(05:34 am) JoeyTSA :early gap up: TWX, INTC,
GPRO, AAPL, IGT
(05:34 am) JoeyTSA :early gap down: ASML,
SHPG, YHOO
(06:30 am) Mitch King:watching ALB again for
short
(06:30 am) Mitch King:Premarket UP: TWX,
IGT, THC, HCA, GPRO, FEYE, INTC, PLUG, BLDP
Premarket DOWN: ASML YHOO, MTG, TSM, POZN,
BBRY, BIOA
(06:31 am) Mitch King:watching IGTE for short
on top of this bounce
(06:32 am) Mitch King:watching CYH for top to
short
(06:33 am) Mitch King:FIAB strong but
watchign for top to short, more upside first
(06:33 am) Mitch King:watching NTRS for top
to short
(06:34 am) Mitch King:expecting more upside
for BYI,
(06:34 am) JoeyTSA :eye on AAPL
(06:35 am) Mitch King:cover IGTE for first
helping short
(06:35 am) Mitch King:watching LGF for top to
short,
(06:36 am) Mitch King:SLCA trending up
(06:36 am) Mitch King:DISCA trending up
little more
(06:36 am) Mitch King:LGF best idea right
now
(06:37 am) Mitch King:KORS moving up, big
potential upside
(06:39 am) Mitch King:KORS stuck at red line,
reduce
(06:40 am) Mitch King:CHTR trending up, more
upside
(06:40 am) Mitch King:watching CTAS for top
to short, lower priority
(06:41 am) Mitch King:watchign JBHT for top
to short
(06:41 am) Mitch King:KORS broke through
above 200ma red line, should move further up
(06:42 am) Mitch King:more downside for LGF
(06:42 am) Mitch King:watching DISCA for
rebound for short
(06:43 am) Mitch King:LGF rebounding up,
watching for 2nd helping short
(06:43 am) Mitch King:watching GPRO today,
trades both ways,
(06:44 am) Mitch King:MLNX trending up but
watching for short at some point
(06:45 am) Mitch King:i missed LCI bounce but
monitoring for trades later
(06:45 am) Mitch King:watchign JBHT for top
to short
(06:47 am) Mitch King:TRIP trying to trend
up, looks like lazy trend though, not
powerful
(06:53 am) Mitch King:starting to watch USB
for bottom but no hurry to buy
(06:54 am) Mitch King:ALB continuing down
again today, worth watching for bottom,
should have bigger one today than yesterday
(06:58 am) Mitch King:changed background
chart back to ALB
(06:58 am) Mitch King:USB looks dead,
(06:59 am) Mitch King:dont like idea of
shorting ALB at this point after drop from
$76 yesterday to 68, neutral zone is toward
72
(07:00 am) Mitch King:home builders spiking;
LEN, DHI, TOL PHM
(07:00 am) Mitch King:DHI spike
(07:00 am) Mitch King:MTH spiking
(07:00 am) Mitch King:no change in Canada
interest rates, stays at 1.0%
(07:01 am) Mitch King:07:00 *(US) JULY NAHB
HOUSING MARKET INDEX: 53 V 50E (highest in 6
months) – No revisions – Source
TradeTheNews.com
(07:05 am) JoeyTSA :eye on THC dbl top
(07:08 am) Mitch King:JOY buyuout rumor
(07:09 am) Mitch King:all buyout rumors have
been good shorts, i havent seen any gone
badly against us
(07:12 am) Mitch King:JOY rebound good to
fill shorts
(07:14 am) Mitch King:more details out on JOY
rumor, news named 2 companies specific names
bidding for company
(07:25 am) Mitch King:07:25 [BBY] Hearing
chatter an activist investor could become
interested in the company – Source
TradeTheNews.com
(07:25 am) Mitch King:BBY
(07:26 am) Mitch King:wont have the power of
JOY news
(07:32 am) Mitch King:should drop
(07:32 am) Mitch King:JOY saying nothing
released in news that accounts for runup,
from company
(07:33 am) Mitch King:07:32 [JOY] Investor
Relations: Nothing new released to account
for the move in the stock – Source
TradeTheNews.com
(08:07 am) JoeyTSA :eye on LCI
(08:33 am) Murano :watching ESRX
(08:36 am) Mitch King:SAP spike
(09:33 am) Mitch King:09:32 [CPB] Forbes
suggests CPB could be target for Buffett –
Source TradeTheNews.com
(09:33 am) Qwert :CPB spike
(11:08 am) Murano :watching FRC
(11:50 am) Mitch King:11:27 [FRC] Weakness
attributed to cautious guidance regarding
efficiency ratio on earnings conference call
**NOTE: in its earlier release, FRC said the
Bank’s Q2 core efficiency ratio was 56.3%,
compared to 58.9% for the prior quarter and
55.5% for the second quarter a year ago –
Source TradeTheNews.com
(12:18 pm) Murano :watching GPRO
(12:48 pm) Mitch King:we should get a pretty
good trading day with GPRO tomorrow both
ways
(12:49 pm) Mitch King:what would wash out the
potential is if it gapped up in premarket
hours, ideal if GPRO drops more at open and
gives good long scalp opportunity
| (05:27 am) JoeyTSA :TIC long term @6, cap
util rate and ind prod @ 6:15, yellen
testifies and nahb housing @ 7, crude inv @
7:30, beige book @ 11pdt
(05:28 am) Murano :good morning
(05:31 am) Qwert :Good Morning Joey, Murano
(05:52 am) toby1115 :gm
(05:59 am) skydiver :gm everyone – thanks
for gappers and info joey 🙂
(06:01 am) skydiver :TWX, FOX, FOXA – news –
Time Warner rejects unsolicited proposal from
21st Century Fox :theflyonthewall.com
(06:34 am) Murano :monitoring AAPLO for
bottom
(06:34 am) Murano :AAPLO=AAPL
(06:38 am) skydiver :monitoring TSLA
(06:44 am) JoeyTSA :missed nice bounce on
AMZN
(06:46 am) JoeyTSA :BIDU strong so far too
(06:47 am) Mitch King:i covered LGF too
early, still think there is more short
potential
(06:48 am) Mitch King:KORS bounce
disappointing but lot of downgrades, sharp
drop last few days holding it back down
(06:48 am) JoeyTSA :sky nice on TSLA, hope
you got it
(06:48 am) skydiver ::)
(06:48 am) Mitch King:don’t forget about
another short on LGF
(06:49 am) skydiver :3/4 out of TSLA long
now
(06:50 am) Mitch King:good one sky
(06:50 am) skydiver :thnx – went up more
than I thought it would
(06:50 am) skydiver :all out of TSLA long
(06:51 am) Mitch King:shorted more LGF
anyhow, not waiting for rebound, i see $30 is
possible for this short
(06:53 am) JoeyTSA :/ES testing early support
level
(06:54 am) skydiver :would llike TSLA to
drop further, but . . . .
(06:55 am) Qwert :LGF a beauty Mitch
(06:56 am) akram :vjet
(06:57 am) Mitch King:yeah, i thoguht it
would be
(06:57 am) Mitch King:i can explain what i
saw later today, remind me
(06:57 am) Qwert :okay will do thx
(06:57 am) Mitch King:there were a lot of
stocks that showed a short to me
(07:01 am) skydiver :good housing report
(07:01 am) Mitch King:took off KORS from
screen
(07:05 am) Mitch King:i like double tops and
double bottoms joey, odds really go up
(07:12 am) Murano :monitoring VIP
(07:12 am) skydiver :caught the quick short
on JOY – micro traded it – only made 45 cents
. . looking strong now . . .wonder if buy out
might be credible
(07:14 am) skydiver :thnkx Mitch
(07:15 am) JoeyTSA :great calls, back in 20
(07:15 am) Mitch King:filled more short on
LGF on rebound
(07:15 am) skydiver :enjoy joey 🙂
(07:18 am) skydiver :watching JOY again for
another short opportunity
(07:24 am) rd :great call on igte Mitch
(07:24 am) Mitch King:try covering some JOY
short here sky
(07:24 am) Mitch King:on this drop
(07:25 am) Mitch King:should bounce back up
for 2nd chance
(07:26 am) skydiver :thanks Mitch
(07:26 am) Mitch King:what price you short
2nd JOY helkping
(07:27 am) skydiver :$65.01 – was slow
(07:27 am) Mitch King:nice job
(07:27 am) skydiver :thanks – good mentor
🙂
(07:27 am) Mitch King:still short?
(07:27 am) Mitch King:should bounce i would
think
(07:28 am) skydiver :just tookd off the
table a moment ago
(07:28 am) skydiver :64.02
(07:29 am) skydiver :got side tracked – wife
brought in my breakfast to me and had to show
off her outfit for work
(07:29 am) skydiver ::)
(07:29 am) Mitch King:tell her that costs
another $1,000
(07:29 am) skydiver ::)
(07:29 am) Mitch King:they dont understand
(07:29 am) skydiver :I know
(07:29 am) Mitch King:i love you honey but
dont do that again until 1pm
(07:29 am) skydiver :she’s been doing better
but . . . more work 🙂
(07:30 am) Mitch King:and then you can come
in with no clothes
(07:30 am) skydiver :haha 😉
(07:30 am) Mitch King:i mean bathing suit
(07:30 am) skydiver ::)
(07:31 am) skydiver :KORS took off nicely
without me . . . just checked on it
(07:34 am) Mitch King:yeah KORS broke through
lot of resistance
(07:35 am) Mitch King:i would not try to
speculate and buy JOY now, not after that
last release from company
(07:36 am) Qwert :would you short here Mitch
(07:36 am) Mitch King:KORS?
(07:36 am) Mitch King:no way
(07:36 am) Qwert :Joy
(07:36 am) Mitch King:thats financial
suicide, look at daily chart
(07:37 am) Mitch King:id wait for something
else qwert, thats better
(07:37 am) Qwert :I just was wondering
because of the news that it was not a legit
buyout rumor
(07:38 am) Mitch King:a better idea is
trading ALB, looking for a bottom, will form
slowly
(07:38 am) Mitch King:KORS, was it a buyout
rumor? i dont think that was it with kors
(07:38 am) Qwert :No talking about JOY
(07:39 am) Mitch King:KORS was a dumper last
2 days big time, i think they guided earnings
same, confirmed but market didnt like that, i
think that was it
(07:40 am) Mitch King:oh, ok, JOY, yeah
should drop
(07:40 am) Mitch King:but JOY is acting like
investors believe that news, was two Japanese
companies, let me find news and post
(07:41 am) Mitch King:07:32 [JOY] Financial
blog that circulated earlier speculation of
foreign firms bidding for JOY has now removed
its earlier post; the post had cited a
non-specific Swedish press source –
Separately, JOY Investor Relations comments:
Nothing new released to account for the move
in the stock – Source TradeTheNews.com
(07:41 am) Qwert :okay thx
(07:42 am) Mitch King:here is the first one,
note 708am pacific time was first release,
then it was rehashed again at 732am and that
re-release drove it up sharply: account for
the move in the s more… 07:08 [JOY] JOY
Hearing strength attributed to takeover
chatter – Atlas Copco and Komatsu both said
to be interested – Source TradeTheNews.com
(07:42 am) Mitch King:When news release names
the companies like Komatsu and Atlas, there
seems to be a lot more power in the buyout
rumor
(07:43 am) Mitch King:general rule, really
good rule is when you see that big vol coming
in and it lasts for more than the first
minute on vol, its best to go with the trend
and not reverse it
(07:43 am) Mitch King:that rule will not only
make you money but keep you from makign a big
error
(07:43 am) Qwert :okay thx
(07:44 am) Mitch King:so its a twice as good
to stay with the trend on those
(07:45 am) Mitch King:a lot of stocks have a
single candle spike in vol, probably 65% of
them fail and were excellent shorts on that
quick spike
(07:45 am) Mitch King:and you can see JOY hit
63, then came back under 62 in first few
mintues, so you can trade fast on that
initial move
(07:46 am) Qwert :right i got that short
(07:46 am) Mitch King:but generally best to
go with the trend on that high vol that is
sustained
(07:47 am) Mitch King:did you get the 2nd
short in LGF anyone?
(07:47 am) Qwert :im short LGF right now
mitch
(07:47 am) Mitch King:so far made almost as
much money as the first short and it still
has more downside
(07:47 am) Mitch King:good job
(07:48 am) skydiver :Thanks for great calls
and teaching . . will try to jump on later at
the office. See you all tomorrow and nice
qwert 🙂
(07:48 am) Qwert :thx sky have a great day
(07:48 am) Murano :see you sky
(07:48 am) skydiver ::)
(07:48 am) Mitch King:you know how this LGF
short is acting real slow, best to switch to
a 2 min chart or build 2nd chart along with 1
min, i like monitoring on 2 min chart at this
point for LGF
(07:50 am) Mitch King:my hunch is LGF gets
toward $30.30 area,
(07:50 am) Mitch King:oh man, we miossed
ADTN
(07:51 am) Qwert :sure did
(07:51 am) Mitch King:it filled up one whole
alert window for quite a while
(07:53 am) Mitch King:another observation ive
made for years on these buyout rumors…. a
high percentage of tehse sell down by end of
day but thats based on news with no suitors
in rumor. specific names keep it from going
down as much
(08:06 am) Qwert :Mitch when you get a chance
can you explain what you saw this morning for
short setups?
(08:06 am) Mitch King:ok, let me take break
and show you, it was mainly the LGF but saw
it in others
(08:06 am) Qwert :you had said to remind you
(08:07 am) Mitch King:oh crud guys, i forgot
to mention to short ACM this orning, had it
written on last nights notes
(08:07 am) Qwert :sure thing whenever you
have time
(08:07 am) Mitch King:was a bullshort setup
and works for day trading
(08:08 am) JoeyTSA :totally missed LCI all
morning
(08:08 am) Mitch King:here is my notes from
last night that i spaced, i told myself not
to forget: ACM bullshort
(08:10 am) Mitch King:yeah LCI kept hitting
scanner all morning
(08:24 am) Murano :monitoring AOL
(08:46 am) Mitch King:anyone stil short JOY,
im short LGF and JOY
(08:46 am) Mitch King:for quite a while, over
90 minutes
(08:48 am) Mitch King:ok you ready to review
this LGF charts qwert?
(08:48 am) Mitch King:or anyone
(08:50 am) Qwert :yes
(08:50 am) klas :yes
(08:50 am) Murano :yes
(08:54 am) Mitch King:ok the background chart
is a daily on LGF
(08:55 am) Mitch King:the two main thoughts i
had onthe daily chart were LGF went through
the 200 moving average which is the red dash
line. im talking about the daily chart
(08:55 am) Mitch King:and it went through it
by 2 points
(08:56 am) Mitch King:and it has been
recovering frona big drop in March
(08:56 am) Mitch King:so a lot of people want
to sell and recover their losses and i
thought the last two days of big move should
see some selling, profit taking
(08:57 am) Mitch King:we opened around $30,
it was moving up quickly and when price moves
up quickly like LGF did plus the other factor
of going over the 200 and the trough it came
from, ther ehsould be selling
(08:57 am) Mitch King:and you will notice
that LGF is a nice correcting stock. meaning
that people liek to sell it
(08:57 am) Mitch King:it isnt like a slow
moving trending stock like a bank stock
(08:58 am) Qwert :yeah nice moves
(08:58 am) Mitch King:i also liked that it
has a tight spread so trading it would be
easier
(08:59 am) Mitch King:when i first saw thhe
daily chart as LGF was climbing quickly i
immediately thought it could come back to the
red line so i said $30 in my mind
(08:59 am) Mitch King:i thinkthe low on this
pullback is around 30.55 so 5% is great for a
scalp trade
(08:59 am) Mitch King:its sort of like a baby
bullshort to me but can make the money day
trading it short
(09:00 am) Mitch King:now look at a bunch of
stocks looked like that this morning that i
posted
(09:01 am) Mitch King:here is IGTE daily in
background and 2 min on lower left, same
look
(09:02 am) Mitch King:similar look but LGF
was quite a bit better
(09:02 am) Mitch King:look for others and
post here
(09:03 am) Mitch King:DISCA also had good
setup, pulled back from opening move 2.5
points or 3.3%
(09:03 am) Mitch King:DISCA still viable
short, have to watch if it breaks previous
morning’s high
(09:04 am) Mitch King:i mistyped VIAB earlier
but had similar logic to it, anything in
excess of the previous top is probably going
to get a pullback to
(09:05 am) Mitch King:the breakout portion i
mean is likely to get sold into, at least
most of it
(09:06 am) Mitch King:JBHT same thing
(09:07 am) Mitch King:you guys understand
what im trying to say?
(09:07 am) Qwert :yes for sure mitch see the
pattern
(09:07 am) Mitch King:here is one i didnt
stick with is CYH, wasnt as good as LGF but
still similar setup, still worked
(09:08 am) Mitch King:let me pull up cyh
(09:08 am) Qwert :i got CYH 🙂
(09:08 am) Mitch King:see CYH on daily and
put your cross hair around 46.10 area
(09:09 am) Mitch King:anything above that is
got a good chance of getting sold into
(09:09 am) Qwert :Mitch whats your tgt for
DISCA im short now
(09:09 am) Mitch King:we are talking
technical, not fundamental, nothign about
news, JOY is different situation, a buyout
rumor we talked about earlier
(09:09 am) Mitch King:my first reaction
looking at DISCA is around 82
(09:10 am) Qwert :okay thx
(09:10 am) Mitch King:it likely revisits the
low it made on that selloff from 84.25 to
81.50, it should approach that again later
(09:10 am) klas :so your saying on cyh a
breack out to new highs is likley to be
sold?
(09:10 am) Mitch King:look at ALB on daily
chart, see yesterday’s high over $76 and same
setup
(09:11 am) Mitch King:most of the portion of
breakout above recent previous highs is
likely to get some selling,
(09:11 am) Mitch King:you want to take notes
after market and make these observations.
this has been happening most everyday
(09:12 am) Mitch King:we are not in such a
frothy market people keep buying, not enough
day traders in market to do that
(09:12 am) Mitch King:we arent talking 1998
to 2000
(09:12 am) Mitch King:during that time it was
you see what is moving up and you jump on
that trend for days
(09:12 am) Mitch King:gaps next morning were
20-50 pts during premarket, stocks were
insanely hot, white hot
(09:13 am) Mitch King:so you want to see what
traders have been doing and patterns usually
repeat themselves
(09:13 am) Mitch King:why don’t you guys look
for a few as a group exercise and post here,
good learning process
(09:14 am) Qwert :TWX a good example Mitch?
(09:14 am) Mitch King:lets just say this,
most of the breakout move is vulnerable at
getting sold
(09:14 am) Mitch King:TWX has buyout news
right
(09:14 am) Qwert :yeah some kind of news
(09:14 am) Mitch King:yeah Deal talk
(09:15 am) Mitch King:fox and time warner
(09:15 am) Mitch King:those don’t count
(09:15 am) Qwert :okay
(09:15 am) Mitch King:was headline news this
morning, picture of Murdoch with headlines of
Time Warner
(09:15 am) Qwert :THC ?
(09:15 am) Mitch King:so dont apply that
stock to setup we are tlaking about
(09:15 am) Mitch King:i saw thc earlier
(09:16 am) Mitch King:THC didnt make new
highs, would have to go above 50
(09:16 am) Mitch King:minimum
(09:16 am) Qwert :i trade THC
(09:16 am) Qwert :okay gotcha
(09:16 am) Mitch King:and if THC went to 53
then $3 is vulnerable
(09:16 am) Mitch King:im talking differences
in relative quality on setup
(09:16 am) Qwert :okay now i get it
(09:16 am) Mitch King:look, anything is
possible, we are talking about what is most
likely, best ideas
(09:17 am) Mitch King:i think i said
something that LGF was best idea at the
moment, earlier this morning, pretty sure
(09:17 am) Qwert :is it okay if the pop is on
earnings?
(09:18 am) Mitch King:still works but not as
effective, im more careful with that but the
market has been selling into those earnings
pops too but they dont drop as fast or nicely
as what we did this morning with LGF, IGTE,
others
(09:18 am) Qwert :Its so weird just glanced
at the tv and there is Zach
(09:18 am) Mitch King:earnings news has much
more power behind it, it has brokerage firms
and their sales force behind it, calling up
their clients and saying Mr. John Doe, XYZ
stock has good earnings, you should buy it
(09:18 am) Mitch King:that charter
commercial? he said he did two of them
(09:19 am) Qwert :okay got it so best if its
just up on sentiment from anothe rcompany?
(09:19 am) Mitch King:i saw it and thought
they edited it too tight, too fast
(09:19 am) Mitch King:you mean from earnings
of a same sector stock qwert?
(09:19 am) Qwert :yeah or buyout rumor from
another similar company?
(09:20 am) Mitch King:yeah, the buyout rumors
of another competitor is a short lived, lower
profit potential trade but it works, not my
favorite, not as much juice in it
(09:20 am) Qwert :I mean there is usually
some sort of reason for a stock to be gapped
up
(09:20 am) Mitch King:when market is really
more speculative, that works
(09:21 am) Mitch King:yeah, usually some news
but you have to be more careful with the
earnings news. got to let those run more and
let people bid those up more before dipping
toe in water
(09:21 am) Mitch King:word picture of dipping
toe in water with earnings driven move is
appropriate
(09:21 am) Qwert :gotcha
(09:21 am) Mitch King:did we show JBHT, same
setup
(09:22 am) Mitch King:remember $80 to 78 on a
short is almost 3%, thats good money
(09:22 am) Qwert :I trade that one too 🙂
(09:22 am) Mitch King:lets say that it is
alot more than the average scalp
(09:22 am) Mitch King:find another one
(09:23 am) Mitch King:ok so you wrote down
the rule that it has to move up quickly at
opening
(09:23 am) Qwert :How about BBRY is that one
in reverse so a long trade
(09:23 am) Mitch King:i think i used the word
“lazy trend” on TRIP, didnt like the move, so
i ignored it
(09:24 am) Qwert :yes i am taking notes
(09:25 am) Mitch King:fast move up, price
agove recent highs on daily, you are in safe
territory to short, start small first, get
feel of that stock but after you are
confident you can short without dipping toe
in water mentality
(09:25 am) Mitch King:come on girls, another
one
(09:25 am) Mitch King:find one from this
morning or yesterday
(09:25 am) Qwert :hahaha
(09:25 am) Mitch King:ok, what is wrong with
this one? UHS
(09:26 am) Qwert :need to be up above 99 area
on daily
(09:26 am) Mitch King:you guys are slow for
daytraders
(09:26 am) Mitch King:right, no excess above
recent high on daily chart
(09:27 am) Mitch King:why would you not want
to short KORS
(09:27 am) Qwert :already way down so low
profit potential
(09:27 am) Mitch King:because it has dropped
so much it is very likey to rebound
(09:28 am) Mitch King:dangerous as heck to
short KORS on this daily chart, it is a long
scalp
(09:28 am) Mitch King:but you can give that
one to yoru brother in law or someone
(09:28 am) Qwert :lol
(09:29 am) Qwert :DISCA moving up to 84 area
(09:29 am) Mitch King:BBY also, coming out of
a trough, valley. too dangerous to spend
much energy shorting it, although it did come
down 40 cents, the odds were against you,
odds were on the side of a long
(09:30 am) Mitch King:DISCA did go above a
recent high of 81 but still has a wall to
climb to 86
(09:30 am) Mitch King:make sense?
(09:31 am) Qwert :yes
(09:32 am) Mitch King:hey murano, you know
that ESRX trade you posted, i look at daily
chart and see would be great bottom near that
low made on 4-30-2014
(09:32 am) Mitch King:then odds are really
good for a bounce
(09:33 am) Murano :I agree
(09:33 am) Mitch King:when you see those ESRX
chart patterns on a 1 or 2 min chart like
this morning, slow drip drip drip down, good
to get on trend as short
(09:33 am) Mitch King:was on news 60 seconds
ago,
(09:33 am) Mitch King:news radio
(09:34 am) Mitch King:now how you handle CPB
is a quickie short and be gone
(09:34 am) Mitch King:its sort of like a
skydiver microshort, really quick
(09:34 am) Mitch King:can be in same 1 min
candle or next
(09:34 am) Qwert :yeah i was a little late to
see so passed
(09:34 am) Mitch King:and then treat it like
it has leprosy after that
(09:34 am) Mitch King:or some sex disease
(09:35 am) Mitch King:or bubonic plague or
the guy who has pneumonic plague in colorado
now
(09:35 am) Qwert :hahaha todays leprosy
(09:35 am) Mitch King:plague better analogy,
lelprosy isnt contagious anymore is it
(09:35 am) Qwert :have no idea
(09:37 am) Mitch King:we should come up with
a name for that setup we just talked about
(09:38 am) Mitch King:so we know what someone
is referring to
(09:38 am) Mitch King:Excess top?
(09:38 am) Mitch King:its not a blowoff top
(09:38 am) Qwert :works for me
(09:38 am) Mitch King:excess top? that makes
sense doesnt it?
(09:39 am) Mitch King:excess top short
(09:39 am) Mitch King:thats it
(09:39 am) Qwert :sounds good ET short?
(09:39 am) Mitch King:ok faster to type, ok
lets go with that
(09:39 am) Qwert :Etop short
(09:39 am) Mitch King:lol, i like that
(09:39 am) Mitch King:ET phone home
(09:39 am) Qwert :hahaha thats what i
thought
(09:40 am) Mitch King:lets go with etop
short
(09:40 am) Qwert :BBY at R3
(09:41 am) Mitch King:IM WRITING these down
on a spreadsheet, what were the symbols
qwert?
(09:41 am) Mitch King:LGF, IGTE
(09:41 am) Qwert :LGF, IGTE,
(09:42 am) Qwert :JBHT
(09:43 am) Qwert :CYH
(09:43 am) Mitch King:and ALB yesterday, ok
(09:43 am) Mitch King:thx
(09:43 am) Murano :does WDC qualify?
(09:44 am) Mitch King:yeah same thing, also
approaching a blowoff top too
(09:44 am) Mitch King:its already a bullish
chart so these dont come down as much
(09:44 am) Mitch King:because the recent high
is yesterday
(09:45 am) Mitch King:that means WDC is
trending up and people like it
(09:45 am) Mitch King:better to have had not
so strong last few days
(09:45 am) Qwert :this is great stuff
(09:45 am) Mitch King:but if higher vol and
bigger spike would really put better odds for
shorting WDC
(09:46 am) Mitch King:ive been taking a lot
of vitamins, supplements, minerals, brain
food prescribed by naturopath, helping me a
lot
(09:46 am) Mitch King:i can give them to you,
working for me, im more clear headed, need
more sleep though
(09:47 am) Qwert :post list for us mitch
(09:47 am) Mitch King:i dont eat breads, or
dairy, no ice cream, milk, etc.
(09:47 am) Mitch King:breads and dairy
products really slows your body down
(09:47 am) Mitch King:if you want to be
dragging all day, eat bread and dairy
(09:49 am) JoeyTSA :only bread i eat is
Ezekiel
(09:49 am) Mitch King:qwert, i think i spend
about $600 a month on vitamins, minerals,
supplements, herbs, etc. but the way i look
at it, we are athletes
(09:49 am) JoeyTSA :that a lot
(09:49 am) Mitch King:every morning i take a
vegetable, fruit, magnesium powder drink
(09:49 am) Mitch King:on empty stomach
(09:49 am) Mitch King:then eat breakfast
(09:49 am) Qwert :What do you eat for
breakfast?
(09:49 am) Mitch King:then eat vitamins,
minerals herb pills
(09:50 am) Mitch King:i had potatoes, eggs
and hamburger patty this morning,
(09:50 am) Mitch King:dont trade on empty
stomach, low blood sugar = stupid thinking
(09:50 am) Qwert :Sounds good what time
should I be over?
(09:51 am) Mitch King:lol,
(09:51 am) Qwert :agree always eat breakfast
(09:51 am) JoeyTSA :i’ll take a raincheck
haha
(09:51 am) JoeyTSA :breakfast by far is most
important mea
(09:51 am) JoeyTSA :meal
(09:51 am) Mitch King:ive been drinking fresh
raspberry juice lately from over 700 berry
plants in backyard
(09:51 am) Mitch King:marionberries,
boysenberries, blueberries
(09:52 am) Qwert :that sounds great we make
smoothies everyday here
(09:52 am) Mitch King:we pick them, cook
them, add sugar to juice, freeze that
concentrate and add water when we thaw that
out
(09:52 am) Mitch King:made 96 qts of
raspberry juice this season
(09:52 am) Qwert :wow
(09:53 am) Mitch King:i have about 200 fruit
trees, mostly apples, we do that in
September, prob 200 gallons this year
(09:53 am) Qwert :Joey what do you eat for
breakfast?
(09:54 am) Mitch King:i think he eats
vegetables, beans
(09:55 am) Mitch King:i think joey is a
vegan
(09:55 am) Mitch King:pretty sure
(09:55 am) Qwert :yes he is
(09:58 am) JoeyTSA :qwert ; 1 cup oats, 1
TBL chia seeds, 2 TBL flax meal,1/4 cup
blueberries, cinnamon/stevia, also drink 8oz
unsweetend almond milk..everything is organic
too
(10:00 am) Qwert :What is Cinnamon/stevia
(10:00 am) JoeyTSA :only supplements i take
during a day is protein powder , a great
wheatgrass supplement, and maca…everything
else is food
(10:00 am) JoeyTSA :cinnamon..jst sprinkle it
on
(10:00 am) JoeyTSA :stevia is a sweetener
from a plant
(10:00 am) Qwert :oh iokay thx
(10:01 am) JoeyTSA :Amazing Grass Green
Superfoods Chocolate is a great product…add
it to my daily afternoon smoothie
(10:02 am) JoeyTSA :2 proteins right now are
vegan chocolate shakeology whcih i drink
after workouts with bananas and extra maca,
and sometimes either add Sunwarrior chocolate
or white beans to my smoothie
(10:02 am) JoeyTSA :back in a few…
(10:02 am) JoeyTSA :food talk made me hungry,
see you in30
(10:02 am) Murano :I expect a tradeable
bounce on ESRX today
(10:26 am) Murano :next week Ackman will
unveil the results of a two year probe by his
hedge fund into HLF
(10:26 am) JoeyTSA :thx Murano
(10:27 am) Murano :Ackman says the HLF
distributors are perpetuaing the fraud
(10:27 am) Mitch King:Ackman is delusional,
he wants it to be self fulfilling. so
blinded
(10:28 am) Mitch King:this is the kind of
thinking that can break someone financially
(10:28 am) Qwert :He has a giant short
position correct?
(10:29 am) Murano :I think he is short almost
1 billion dollars
(10:29 am) Mitch King:yes, he was down about
400 mil at $70 i think thats around there
(10:30 am) Mitch King:this guy is so
desparate he goes to senators and house
members he contributed to their campaign and
they requested FTC to initiate investigation
(10:30 am) Murano :If he ever starts short
covering the stock could go to 100
(10:30 am) Qwert :wow i would not want to
look at that, I wonder how much his P and L
goes up and down with each penny it moves
(10:30 am) Mitch King:that can backfire if
they determine No Further Action
determination
(10:31 am) Mitch King:his ego is so big he
cant see what really is happening
(10:31 am) Qwert :thats scary
(10:35 am) Mitch King:his comments is
something like he will stay short HLF to the
end of time
(10:38 am) Mitch King:ok here it is: Ackman
said he would go to “the end of the Earth” to
defeat Herbalife,
(10:38 am) JoeyTSA :guy is nuts
(10:39 am) Qwert :I would not wanting him
trading my money
(10:40 am) JoeyTSA :nope
(11:01 am) Murano :GE volume spike
(11:05 am) Murano :that wasn’t much of a
bounce for ESRX
(11:06 am) Qwert :u trade ESRX Murano?
(11:06 am) Murano :made 10 cents
(11:06 am) Qwert :I got tired of it and took
it off with plus 4 cents hahaha
(11:07 am) Murano :I guess that is better
than losing 10 cents
(11:07 am) Qwert :yep thats for sure and with
your million shares still good money
(11:08 am) Murano :500 shares
(11:13 am) Qwert :see any news on FRC
(11:17 am) Murano :FRC reportred strong
earnings today
(11:19 am) Qwert :thats all i saw on it as
well
(11:21 am) JoeyTSA :all i see technically on
FRC is a dbl top on the daily
(11:31 am) skydiver :ATW – could be a take
over – chatter
(11:37 am) Qwert :FRC still weak
(11:38 am) skydiver :all out of ATW short
and SPY dropping
(11:39 am) skydiver :got out of ATW short a
bit early
(11:48 am) Murano :NYCB falling also
(11:55 am) skydiver :thanks for FRC call
(11:56 am) Mitch King:FRC should bounce
soon,
(11:56 am) skydiver :all out of FRC short as
I have a phone call I have to take – thanks
again 🙂
(11:59 am) Murano :strange FRC hasn’t been
halted
(11:59 am) Mitch King:this is how automated
selling looks like on FRC, by mutual funds
(12:00 pm) skydiver :gotcha Mitch – thnx
(12:00 pm) Mitch King:it is sustainable drop
murano, needs to go down faster for halt
circuit breaker
(12:01 pm) Mitch King:when sellers leave it
should pop pretty good
(12:01 pm) Mitch King:here we go
(12:01 pm) Mitch King:i’d guess over $49 is
where it goes
(12:02 pm) Mitch King:banks usually are not
stocks day traders pile into though, nasdaq
stocks best for this
(12:03 pm) skydiver :long FRC 47.98 –
(12:05 pm) Mitch King:sellers still not
cleared out
(12:05 pm) skydiver :micro traded FRC long
48.39 out of FRC long
(12:06 pm) skydiver :short break – back in
5
(12:08 pm) Mitch King:should be good entry
again on FRC
(12:08 pm) Mitch King:set stop on new low
(12:18 pm) Mitch King:these listed stocks on
exchanges sure act differently
(12:18 pm) Mitch King:not as smooth
(12:19 pm) Mitch King:no news on GPRO
(12:21 pm) Qwert :Got to go cya all in the
am
(12:21 pm) skydiver :take care qwert
(12:21 pm) Murano :see you Qwert
(12:21 pm) Mitch King:later qwert
(12:21 pm) Mitch King:this FRC sure not
acting good
(12:29 pm) Murano :GPRO is shortable at
Lightspeed
(12:33 pm) Mitch King:too dangerous for me to
buy GPRO, the previous low is around 38.05,
so more downside is possible
(12:38 pm) skydiver :Internet at office is
really been bad today . . been hard trading –
got a few in. See you guys tomorrow and
thanks again 😉
(12:40 pm) Mitch King:if we had more time and
GPRO goes to 39-40 would be interesting
(12:42 pm) Murano :done for the day, see you
tomorrow
(12:43 pm) JoeyTSA :Thanks Mitch, Qwert,
everyone..have a great day, see ou tomorrow
(12:48 pm) Mitch King:later joey
(12:48 pm) Mitch King:be a good boy
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